Need for Trade and Transactions

Q.

Choose the most appropriate answer. In an SHG, most of the decisions regarding savings and loan activities are taken by

1. Bank

2. Members.

3. Non-government organisation.

Q.

Money was introduced to make exchanging and purchase of goods easier.

1. False

2. True

Q.

A ___ is a person who studies economics.

1. Engineer

2. Economy

3. Economist

4. Doctor

Q.

The school fees for 4 months is ₹ 2080. Find the fees for the whole year.
[Note: Consider there are no vacations for that year]

1. ₹6210

2. ₹6270

3. ₹6240

4. ₹6230

Q.

Each pencil costs ₹$\frac{1}{5}$. How many pencils can be bought for ₹15?

1. 80

2. 85

3. 60

4. 75

Q.

A dealer bought $50$ quintals of wheat at the rate of $₹800$ per quintal. He had paid $₹400$ as octroi charges and $₹600$ as transportation charges. Then he sold the whole stock at $₹750$ per quintal. Find his profit or loss​

Q.

Lata spent ₹ $9.50$for buying a pen and ₹ $2.50$ for buying one pencil. How much money did she spend in all ?

Q.

Question 84

Convert the given statement into ordinary language:-

The number of girls enrolled in a school last year was g. The number of girls enrolled this year in the school is 3g - 10.

Q. A man takes a loan of ₹50, 000 from the bank. The interest on the loan is ₹10, 000. If he repaid the money back in 6 months, how much did he pay each month?

Q. To make ₹ 350, I need notes of ₹ 100 and one note of ₹ 50.

1. 4
2. 3
3. 2
4. 5

Q. A man took a loan of ₹ 12, 000. He paid an interest of ₹ 3, 100. What is the total amount that he paid back?

1. ₹ 1200
2. ₹ 13, 100
3. ₹ 16, 100
4. ₹ 15, 100

Q. Alex took a loan of ₹4000. He paid ₹400 per month for a year to pay back the loan. How much extra money did he pay the bank (in Rupees)?

1. 400
2. 400
3. 600
4. 800

Q. Rakhi took a loan of ₹2000 from the bank and repayed ₹2240 after an year. What is the amount of interest she paid for the loan?

1. ₹200
2. ₹240
3. ₹250
4. ₹260

Q. Gayatri bought a new dress for ₹2580 and then sold it to Rehaana for ₹4690. The difference between the two amounts will be called ___ for Gayatri.

1. Cost Price
2. Selling Price
3. Profit
4. Loss

Q.

Which of the following correctly explains what is the barter system?

1. Exchange of goods for other goods or services

2. Buying something with money

3. Giving pencils in exchange for a good or service

4. Getting free gifts along with goods and services

Q. Ram buys a cycle for ₹3300 and then sells it for ₹2500. He is said to have got a loss of ____ in this transaction.

1. ₹550
2. ₹800
3. ₹650
4. ₹700

Q. Sheela took a loan of ₹7000 from the bank. She paid ₹1200 each month for 6 months. How much does she pay back in 6 months?

1. ₹7200
2. ₹7000
3. ₹6200
4. ₹200

Q.

If 18 dolls cost ₹720 then how many dolls can be bought for ₹480?

1. 9

2. 11

3. 13

4. 12