CTET · Study & Practice

Money

AreaMathematics & Pedagogy DifficultyEasy to Moderate CTET weightage2-4 questions in the Paper I Mathematics section, often blended with everyday-life word problems and pedagogy

Money is one of the friendliest topics in the CTET Paper I Maths section, and one of the easiest to score on if you keep your decimal points lined up. The questions look like everyday shopping: a child buys two pencils and an eraser, hands over a fifty-rupee note, and you work out the change. What CTET really wants to see is whether you can read rupees and paise correctly, add and subtract amounts without losing a paisa, build a simple bill, and reason about elementary profit and cost the way a primary-school child would. The single most important fact in the whole chapter is that one rupee equals one hundred paise, and the decimal point in an amount like Rs 45.75 separates the rupees from the paise. Get that right and the arithmetic falls into place. This chapter walks through Indian currency, reading and writing money values, addition and subtraction, making bills, the first taste of profit and cost, mixed shopping problems, and finally calculating change and balance.

Topics

1 Indian Currency 4 worked · 4 practice · 8-Q MCQ test Start → 2 Reading Currency Values 4 worked · 4 practice · 8-Q MCQ test Start → 3 Addition and Subtraction of Money 4 worked · 4 practice · 8-Q MCQ test Start → 4 Making Bills 4 worked · 4 practice · 8-Q MCQ test Start → 5 Profit and Cost (Elementary Understanding) 4 worked · 4 practice · 8-Q MCQ test Start → 6 Shopping-Based Problems 4 worked · 4 practice · 8-Q MCQ test Start → 7 Change and Balance 4 worked · 4 practice · 8-Q MCQ test Start →

⚡ Smart tips & memory hooks

Memory hooks and exam-smart tips to lock this chapter in and answer CTET MCQs quickly and accurately.

  • The master rule: 1 rupee = 100 paise. Paise to rupees, divide by 100; rupees to paise, multiply by 100.
  • Always write paise as two digits: five paise is Rs 0.05, not Rs 0.5 (which is fifty paise).
  • When adding or subtracting money, line up the decimal points so rupees sit under rupees and paise under paise.
  • For a bill, do each line as rate x quantity first, then add all the lines for the total.
  • Change = money given - total cost; Balance = starting money - total spent. Both are subtractions; read which one is asked.
  • Verify change by adding it back: change + bill should equal the note you handed over.

⚠️ Common mistakes & traps

CTET loves to test these exact confusions. Internalise each trap before exam day.

  • Writing paise with one digit, e.g. Rs 0.5 for five paise instead of Rs 0.05.
  • Forgetting that 100 paise carry over into 1 rupee when adding (e.g. 50p + 75p = Rs 1.25, not Rs 0.125).
  • Not lining up the decimal points, so rupees get added to paise.
  • In bill sums, adding rate and quantity instead of multiplying them.
  • Mixing up change and shortfall: subtract the total from the money given for change, but the other way round when the money is too little.
  • Confusing change (money returned by the shopkeeper) with balance (money left with the person after spending).

📈 CTET exam insight & PYQ analysis

Money questions in CTET Paper I almost always arrive as short real-life word problems rather than abstract sums: a child shops, pays with a note, and you find the total, the change, or how much more is needed. Recurring patterns are the rupees-and-paise conversion (often catching candidates with the two-digit paise rule), simple bill-making with rate times quantity, the change-from-a-note calculation, and elementary profit or loss as a single subtraction. A pedagogy flavour is common too: questions ask which concrete activity (play money, classroom shop) best teaches money, or identify the child error a teacher should address, such as misaligning the decimal. Keeping the decimal point aligned and reading exactly what the question asks for are the two habits that score these marks.

🎴 Flashcards — instant recall

Tap a card to reveal the answer. Drill these until they are automatic.

How many paise make one rupee?Tap to reveal
100 paise = 1 rupee
How is five paise written in rupees?Tap to reveal
Rs 0.05 (paise always take two digits)
Convert 250 paise to rupees.Tap to reveal
Rs 2.50
Convert Rs 3.05 to paise.Tap to reveal
305 paise
What does the decimal point separate in Rs 45.75?Tap to reveal
Rupees (45) from paise (75)
Formula for profit?Tap to reveal
Profit = Selling Price - Cost Price (when SP is more)
Formula for loss?Tap to reveal
Loss = Cost Price - Selling Price (when SP is less)
How do you find the total of a bill?Tap to reveal
Multiply rate by quantity for each item, then add all the amounts
Formula for change?Tap to reveal
Change = Amount Given - Total Cost
Formula for balance left?Tap to reveal
Balance = Starting Amount - Total Spent
What is the counting-on method?Tap to reveal
Start at the bill amount and count up to the money given to find the change
How do you verify change is correct?Tap to reveal
Add the change to the bill; the sum should equal the money handed over

📌 Quick revision

Money at the CTET primary level rests on one fact: one rupee equals one hundred paise, with the decimal point in an amount like Rs 45.75 separating rupees from paise, and paise always written in two digits. Indian currency comes as coins (1, 2, 5, 10, 20 rupees) and notes (10 to 2000 rupees). Reading values means converting between rupees and paise by 100; adding and subtracting means lining up the decimal points and carrying or borrowing across the 100-paise boundary. A bill is built by multiplying each rate by its quantity and adding the lines. Elementary profit and loss are single subtractions, profit = SP - CP and loss = CP - SP, with no percentages yet. Shopping problems combine these steps, and change (amount given minus cost) and balance (starting money minus spending) are the two subtraction questions to keep apart. Teaching leans on play money and classroom-shop role-play, and the recurring error to watch is the misaligned or one-digit paise figure.

Chapter test

📝 Money — Chapter Test
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🏆 Vidaara CTET success checklist

You have truly mastered Money when you can tick every box below.

  • Recall every formula in this chapter without looking them up
  • Solve each topic’s practice set with at least 80% accuracy
  • Use the chapter shortcuts to cut your solving time in half
  • Spot and avoid every common trap listed above
  • Score 80%+ on the timed chapter test

📋 Chapter mastery scorecard

Track where you stand. Aim for the target before moving to the next chapter.

Skill checkpointTarget
Concept theory & formulas understood100%
Topic practice sets attempted (7 topics)7/7
Best topic-test score— → 80%+
Chapter test score— → 80%+
Flashcards drilled to instant recall12 cards