Current Affairs 2nd Class

Category : 2nd Class

Units and Money

Units of Money

Unit of money is rupees and paise

` 1 = 100 paise

` 2 = 200 paise

` 5 = 500 paise

Identification of Money

Coins

Notes

•           Example:

Add the value of the given notes.        

(a) ` 36                                                             (b) ` 35

(c) ` 45                                                             (d) ` 55

(e) None of these

Ans.     (b)

Explanation: Total amount = ` (20 + 10 + 5) = ` 35

•           Example:

Subtract ` 18 from ` 56.

(a) ` 36                                                             (b) ` 26        

(c) ` 38                                                             (d) All the above

(e) None of these

Ans.     (c)

Explanation: ` (56 - 18) = ` 38

Conversion of Rupees into paise

` 1 = 1 \[\times \] 100 = 100      

` 2 = 2 \[\times \] 100 = 200 paise

` 5 = 5 \[\times \] 100 = 500 paise

` 10 = 10 \[\times \] 100 = 1000 paise

` 20 = 20 \[\times \] 100 = 2000 paise

` 100 = 100 \[\times \] 100 = 10000 paise

` 500 = 500 \[\times \] 100 = 50000 paise

•          Example:

Convert ` 22 into paise.

(a) 22000 paise                                                   (b) 17000 paise

(c) 2200 paise                                                     (d) All the above

(e) None of these

Ans.     (c)

Explanation: ` 22 = 22 \[\times \] 100 paise = 2200 paise.

Conversion of Paise into Rupees

1 paise = ` \[\frac{1}{100}\] = ` 0.01

2 paise = ` \[\frac{2}{100}\] = ` 0.02

100 paise = ` \[\frac{100}{100}\] = ` 1

1000 paise = ` \[\frac{1000}{100}\] = ` 10

•           Example:

Convert 4563 paise in rupees.

(a) ` 45 and 63 paise                                          (b) ` 17 and 60 paise

(c) ` 47 and 60 paise                                           (d) ` 22 and 56 paise

(e) None of these

Ans.     (a)

Explanation: 4563 paise = ` \[\frac{4563}{100}\]= ` 45.63 = ` 45 and 63 paise.

Note:

•          To convert rupee into paise use multiplication.
•           To convert paise into rupee use division.