Class 5 Money and Markets Worksheet

Class 5 Money and Markets Worksheet

 

Section A – Fill in the blanks

1. Before money was invented, people exchanged goods through the __________ system.
2. A place where we go to buy and sell things is called a __________.
3. A supermarket saves __________ because we can buy everything in one place.
4. The currency of India is called the Indian __________.
5. The Indian currency symbol (₹) was introduced in the year __________.
6. The currency of USA is called the __________.
7. Coins in India come in denominations like ₹1, ₹2, ₹5, ₹10 and ₹__________.
8. The Indian rupee is issued and managed by the __________ Bank of India.
9. Money is used as a medium of __________.
10. The picture of __________ appears on all Indian rupee notes.

Section B – True or False  Write T for True and F for False.

 

1. In the barter system, people exchanged money for goods.
2. A supermarket is smaller than a local shop.
3. We can buy both goods and services using money.
4. The national emblem is printed on Indian coins and notes.
5. Money cannot be stored for future use.
6. The symbol £ stands for Pound Sterling.
7. There are four printing presses for Indian currency notes.
8. Currency is the same in all countries.
9. People earn money by doing different jobs.
10. The Reserve Bank of India manages the Indian rupee.

Section C – Match the following

Column A	Column B
1. USA	a. ₹
2. Pound Sterling	b. Currency Note Press
3. Euro	c. £
4. Indian Rupee	d. €
5. Nashik	e. Dollar
6. Salboni	f. West Bengal
7. Mysuru	g. Karnataka
8. Markets	h. Place to buy and sell
9. Goods	i. Vegetables, clothes
10. Services	j. Teaching, driving

Section D – Multiple Choice Questions (MCQs)

 

1. Which of these is NOT a service?
   a) Doctor’s treatment
   b) Bus ride
   c) Rice bag
2. Which is a very large store selling many products?
   a) Market
   b) Supermarket
   c) Bank
3. Which currency uses the symbol €?
   a) Dollar
   b) Pound
   c) Euro
4. Which Indian coin is not common?
   a) ₹2
   b) ₹20
   c) ₹5
5. Which note is NOT common in India?
   a) ₹50
   b) ₹200
   c) ₹2000
6. Where is the Bank Notes Press?
   a) Dewas
   b) Nashik
   c) Mysuru
7. Who manages the Indian rupee?
   a) RBI
   b) SBI
   c) Government of India
8. What was used before money?
   a) Cheques
   b) Barter system
   c) ATM cards
9. What is printed on Indian notes apart from Mahatma Gandhi’s picture?
   a) National emblem
   b) National flag
   c) National bird
10. Money helps us to:
    a) Waste time
    b) Know price of things
    c) Grow food

Section E – Define the following

1. Barter system
2. Money
3. Market
4. Currency
5. Supermarket
6. Goods
7. Services
8. Denomination
9. National emblem
10. Reserve Bank of India

 

Section F – Short Answer Questions

1. Name two types of Indian markets.
2. Write two examples of services we can buy with money.
3. Name two forms of money.
4. Name any two currencies of the world apart from Indian rupee.
5. Write two uses of money.
6. Name two goods you can buy in a market.
7. Who can issue Indian currency?
8. Name any two places where Indian currency is printed.
9. Which is bigger – a supermarket or a local shop?
10. Who’s picture is on all Indian rupee notes?

 

Class 5 Money and Markets Worksheet Answer Key

 

Section A: 1) Barter 2) Market 3) time 4) rupee 5) 2013 6) Dollar 7) 20 8) Reserve 9) exchange 10) Mahatma Gandhi

Section B: 1) F 2) F 3) T 4) T 5) F 6) T 7) T 8) F 9) T 10) T

Section C: 1-e, 2-c, 3-d, 4-a, 5-b, 6-f, 7-g, 8-h, 9-i, 10-j

Section D: 1-c, 2-b, 3-c, 4-b, 5-c, 6-a, 7-a, 8-b, 9-a, 10-b

Section E:

1. Exchange of goods/services without money.
2. Medium of exchange in form of coins/notes.
3. Place to buy/sell goods and services.
4. Unit of money of a country.
5. Large store selling many products.
6. Things we can touch and use.
7. Work people do for others.
8. Value written on currency.
9. Official symbol of India printed on notes/coins.
10. Central bank of India managing currency.

Section F:

1. Local markets, supermarkets
2. Doctor’s check-up, bus ride
3. Coins, paper notes
4. Dollar, Pound
5. To buy goods, to pay for services
6. Rice, clothes
7. Indian government through RBI
8. Nashik, Dewas
9. Supermarket
10. Mahatma Gandhi