L-1 MCQ

1. A person opening an account with a bank is called a/an ______ .

A. Member
B. Account holder
C. Cashier
2. The booklet in which all the transactions of the account holder with the
bank are recorded is called a ____
A. Passbook
B. Notebook
C. Cheque book
3. There are mainly _____ type/s of cheque
A. One
B. Two
C. Tree
4. No interest is paid on the deposits in ___ account.
A. Current
B. Savings
C. Fixed deposit
5. While opening a _____ account , a definite time period of the deposit is
fixed .
A. Savings
B. Current
C. Fixed deposit
6. The amount of a/an _____ cheque cannot be received in cash but deposited
in account only.
A. Crossed
B. Order
C. Bearer
7. _____ cheque is the most risky cheque .
A. Crossed
B. Order
C. Bearer
8. Demand Draft is abbreviated as ______ .
A. CD
B. DD
C. DB
9. ______ cheque is the safest cheque .
A. Bearer
B. Order

C. Crossed
10._____ interest is paid in Fixed deposit account as compared to savings
account
A. More
B. Less
C. Same
11.In a bank , interest is not paid in a ____ account .
A. Recurring deposit
B. Savings
C. Current
D. Fixed deposit
12.On which check cash is not obtained but deposited in the account ?
A. Crossed cheque
B. Order cheque
C. Bearer cheque
L-2 MCQ
1. The compound interest on 4000 at 10% for 1 year is
A. 40
B. 400
C. 4400
D. 800
2. The compound interest on 2000 at 15% for 2 yea is _____.
A. 300
B. 600
C. 330
D. 600
3. The compound interest of the second year on 3000 at 10 % is ____
A. 630
B. 300
C. 330
D. 600
4. If the interest is compounded every six months , the compound interest
on 800 at 10% for 1 year is _______
A. 40
B. 80
C. 42
D. 82

5. For a certain sum deposited at 10% rate of compound interest , the

interest of the first year is 450 . Then , the interest of the second year is
______
A. 495
B. 450
C. 400
D. 895
6. The difference of the compound interest of the second year and the first
year on 1200 at 15% is ______
A. 207
B. 180
C. 27
D. 1227
7. The difference of the compound interest and the simple interest on
500000 at 12 % for 1 year is ______
A. 6000
B. 5000
C. 600
D. 0
8. The formula to find the compound interest is ____
R

1+100

A. I = P

B.

A=

C. A =

1+100

R
1100

R
1+100

D. A = P

9. The compound interest on 8400 at 10% for 1 year is _____

A. 840
B. 84
C. 8400
D. 924
10.The compound interest on 5000 at 12% for 2 yea is _____
A. 600

B. 1271
C. 672
D. 6272
11.The amount on 8000 at 15% rate of compound interest for 2 yea is
_____
A. 2580
B. 1200
C. 10,580
D. 2400
12.The compound interest of the second year on 6000 at 5% is _____
A. 300
B. 315
C. 615
D. 6615
13.If the interest is compounded every six months, the compound interest on
1600 at 10% for 1 year is ______
A. 80
B. 84
C. 1764
D. 164
14.The compound interest for the first year on a certain sum at 10% is
600. Then the compound interest on the same sum at the same rate for the
second year is _______
A. 660
B. 600
C. 6600
D. 1260
15.The difference of the compound of the second year and the first year on
2000at 15% is _____
A. 300
B. 45
C. 645
D. 2645
16.The difference of the compound interest and the simple interest of the
first year on 800000 at 16% is _______.
A. 128000
B. 16000
C. 8000
D. 0

L-3 MCQ..
1.

2.

3.

4.

The remuneration of doing a work is . 1400. If Ashok has done

2
7

Ram and Shyam did a work working simultaneously. Ram did

8.

9.

10.

1
3

B. 15

C. 5

D. 5

Anil completes a job in 4 days working 2 hours daily. Then, he complete

___ part of the job in 1 hour.
1
2

B.

1
4

C.

3
4

D.

1
8

Aasha takes 4 days to finish a job and Bina takes 3 days to finish that job.
Then, their combined rate of work is ___ job/day.
A.

7.

1
th
4

work and received 800 for his part of work done. Then, Shyam would
receive ______ remuneration.
A.
1600 B. 2400 C. 800 D. 400
Bhavana can complete a job in 15 days. Then, in 3 days she can complete
____ part of the job.

A.
6.

work, he would get _____ as remuneration.

A.
200 B.700 C. 400 D. 800
If a person doing 2/3rd work receives 72 remuneration, a person doing
1/3rd work would receive ____ remuneration.
A.
36 B. 18 C. 72 D. 144

A.
5.

th

1
6

B. 12

C.

12
7

D. 12

TO till 30 acres of land, Bhavesh takes 10 hours and Manesh takes 15

hours. Then, their combined rate of work is _____ acres/hour.
A.
2 B. 3 C. 6 D. 5
To make 3000 shirts, Rekha takes 100 days and Manisha takes 150 days.
Then, their combined rate of work is ____ shirts/day.
A.
50 B. 100 C. 150 D. 200
To make 480 notebooks, Kanu takes 6 days and Manu takes 12 days.
Together they can make _____ notebooks in one day.
A.
240 B. 120 C. 60 D. 480
To make 6000 gum bottles, Yogesh takes 10 hours and Suresh takes 15
hours. Together they can make _____ gum bottles in one hour.

11.

12.

13.

A.
6000 B. 400 C. 1000 D. 12,000
18,000 plastic jars can prepared in 90 days on machine A or in 100 days
on machine B or in 150 days on machine C. In all, _____ plastic ja can
be produced on machine A, B, and C all together in one day.
A.
200 b. 180 C. 150 D. 500
To pack 9000 medicine packets, Jaya takes 30 hours and Shaila takes 45
hours. Together they can pack ____ medicine packets in one hour.
A.
500 B. 300 C. 200 D. 450
To prepare 30 compass boxes, Deepika takes 10 hou and Sumitra takes
15 hours. Together they can prepare ___ compass boxes in one hour.
A.
3 B. 2 C. 25 D.5

EX-2 Do as directed
L-1 Banking
1. In which type of bank account the account holder has to deposit a fixed
amount every month?
2. Which type of cheque is the safest one?
3. Write the types of account.
4. State the full form of ATM.
5. Where is the cheque number printed in a cheque?
6. What is used to deposit money in a bank?
L-2 Compound Interest
1. Find the difference of the compound interest and the simple interest of the
first year on 9000 at 12%.
2. State the formula to find the compound interest.
3. Find the difference between the compound interest and simple interest on
9,87,654 at 32% for 1 year.
4. Samarth deposits 1,00,000 at 9% rate of interest for 2 years in a
nationalized bank at compound interest. So at the end of period how much
amount will he get from the bank ?
5. Seema took a loan of 3,00,000 at 9% rate of interest for 2 years to
purchase a motorcar from Shaikh Finance Company at compound interest.
At last how much total amount will she have to pay ?

6. Bhavika deposited 5000 with a financier at 8% rate of compound interest

for 2 years. Find the interest and the total sum that she would receive at the
end of the period.
L-3 Work and Remuneration
1. Mohit takes 15 hours to do a work. Find his rate of work.
4

2. Maharth completes 5 t h part of a work in 2 hou. Find the rate of work

done by Maharth.

3. Ayush ploughs 3 part of a field in 2 hours. Find the rate of work done by
Ayush.
4. Yash completes his work in 20 minutes. Find his rate of work done.
5. Faizan completes his work in 5 days. Find his rate of work done.
6. Ravi takes 3 hours to prepare 180 boxes of peda, but takes Deep prepares
the same number of boxes in 6 hours. How much time will be taken to do
this work combined.
Ex- 3 Solve the following
(1)
(2)

How many types of cheque are there in? Name them.

What is to be submitted to a bank as Photo ID while opening an
account?
(3) What is to be submitted to a bank as Address proof while opening an
account?
(4) What can be used to withdraw money deposited in the bank account?
(5) Find the simple interest 10,000 at 15% for 2 years.
(6) Find the simple interest on 3000 for 3 years.
(7) Find the compound interest on 16,000 at 15% for 2 years.
(8) Find the compound interest on 10,000 at 10% for 2 years.
(9) For carrying out embroidery work on 60 sarees, Ramesh takes 12 days
and Mahesh takes 15 days. Find their combined rate of work done.
(10) To prepare 48 shirts, Rama takes 6 days and Daya takes 8 days. Find
their combined rate of preparing shirts in per day.
(11) To prepare 120 dresses, Aasha takes 10 hours and Usha takes 15 hours. If
they work simultaneously, in what time will this work be finished?

(12) Shail takes 8 hours to complete 96 shirts on a machine and Mitul takes 12
hours to complete the same work. If both of them work simultaneously in
how many hours can they complete the work?
Ex-4 Solve the following
(1)
(2)
(3)
(4)

Write a shortnote on Demand Draft.

State different services provided by a bank.
Write a shortnote : Crossed cheque.
The certified copies of which documents are to be supplied to open a
bank account?
(5) Find the compound interest on 8000 at 5% for 2 years.
(6) Find the difference between the compound interest and the simple
interest on 20,000 at 10% for 2 years.
(7)
Find the compound interest on 5000 at 10% for 2 years.
(8) Find the difference between the compound interest and the simple
interest on 10,000 at 8% for 2 years.
(9) To till 30 acres of land by tractor, Shankarbhai takes 10 hours and
Yakubhai takes 15 hours. Working together, they tilled the 30 acres of
land and received 6000 as remuneration. Distribute the sum between
them according to work done.
(10) To prepare 480 packets of pencil, Jaya takes 6 days and Rama takes 12
days. Together they prepared those 480 packets and received 7200 as
remuneration. Distribute the sum between them according to the work
done.
(11) To produce 1500 toys, Bhanu takes 50 days and Sonu takes 75 days.
They produced all these toys working together and received 24000 as
remuneration. Find the amount to be received by each of them according
to work done.
(12) To prepare 2400 notebooks, Gopal takes 8 hours and Mohan takes 12
hours. Working together, they prepared those notebooks and received
4800 as remuneration. Distribute the sum between them according to
work done.
Ex-5 Solve the following
(1)

Write a note on ATM.

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

Maganbhai borrowed 25000 at 12 % rate of compound interest from a

financier for 2 years to purchase a cow. Had he borrowed the same
amount at the same rate of simple interest from Ashokbhai for the same
period, how much less interest would be required to be paid?
Mukeshbhai lent 15000 at 8% rate of simple interest for 1 year to his
friend Shaileshbhai. His wife Dipikaben deposited the same sum at the
same rate of compound interest for the same period with a bank. If the
same rate of compound interest for the same period is compounded halfyearly by the bank, how much more interest would Dipikaben receive?
Shyam deposits 600000 with a bank at 15% rate of compound interest
for 2 years. Shyam deposits the same sum in another bank for the same
period at the same rate of simple interest. At the end of the period, who
pays more interest? How much more?
Poonam Desai borrowed 16000 from a co-operative bank to purchase a
cow at 10% rate of compound interest for 1 year. If the interest is
compounded every 6 months, what total sum should he pay to clear the
debt?
There are 2 inlet valves at the top of the water tank. The empty tank can
be filled completely in 8 hours if the smaller valve is opened only and it
can be filled completely in 4 hours if the bigger valve is opened only.
Find in how much time the empty tank can be filled completely if both
the valves are opened simultaneously.
In a factory producing instrument boxes, Jyoti takes 12 hours, Bharti
takes 20 hours and Surekha takes 30 hours to produce 720 instrument
boxes. All of them worked together and produced those instrument boxes
and received 3600 as remuneration. Find the amount to be received by
each of them proportionate to the work done.
To produce 6000 water pouches by machine. Sharada takes 10 hours and
Kamini takes 15 hours. Working together, they produced 6000 pouches
and received 1200 as remuneration. Find the amount to be received by
each of them according to work done.
Jagruti takes 10 hours and Jaisinghbhai takes 15 hours to prepare 30 kg
papad by machine in a papad making home industry. If the same is done
by both together , they get total 750 as remuneration . Find the amount
obtained by each.