Grade 5 Mathematics – Money Quiz

1. An estimation of revenue and expenses over a specified future period is known as

expenditure
Budget
income
Tax
Explanation:

2. The following are importances of making a budget, which one is not?

helps to control spending
keeping on track of financial goal
Avoid financial overwhelming
helps to buy good and fancy commodities
Explanation:

3. Which of the following is not true about tax

It is added to the cosy of some goods, services and transactions
it is only paid by those who have money
It is collected by government from worker's income and business profits
It is a compulsory contribution to state revenue
Explanation:

4. Which of the following is not an importance of tax

Promotion of welfare scheme
Used to buy personal cars for those in the government
Used by the government to improve health and education
Used to improve infrastructure and other social amenities
Explanation:

5. Which of the following services is not offered by the bank?

Giving advanced loans to members
Safe deposit of money
Safeguarding valuable items such as hold title deeds
Giving free money to the poor
Explanation:

6. How many shillings are in a Kenyan 1000 shilling note?

1000
1500
2000
500
Explanation:

A Kenyan 1000 shilling note is equivalent to 1000 shillings.

7. If you have 5 coins of 20 shillings each, how much money do you have in total?

40
60
100
80
Explanation:

5 coins of 20 shillings each equal to 100 shillings in total.

8. Which of the following is the smallest in value?

5 bob
50 cents
1 shilling
10 bob
Explanation:

5 bob is smaller in value compared to 50 cents, 1 shilling, and 10 bob.

9. How many cents are in a Kenyan 50 cent coin?

100
500
50
20
Explanation:

A Kenyan 50 cent coin is equivalent to 50 cents.

10. If you have 3 notes of 200 shillings each, how much money do you have in total?

700
600
500
400
Explanation:

3 notes of 200 shillings each equal to 600 shillings in total.

11. Which of the following is the largest in value?

1 shilling
5 bob
50 cents
10 bob
Explanation:

50 cents is larger in value compared to 1 shilling, 10 bob, and 5 bob.

12. How many shillings are in a Kenyan 500 shilling coin?

5000
200
1000
500
Explanation:

A Kenyan 500 shilling coin is equivalent to 500 shillings.

13. If you have 4 coins of 10 shillings each, how much money do you have in total?

30
100
40
20
Explanation:

4 coins of 10 shillings each equal to 40 shillings in total.

14. Which of the following is the smallest in value?

10 bob
50 cents
1 shilling
5 bob
Explanation:

5 bob is smaller in value compared to 50 cents, 1 shilling, and 10 bob.

15. How many cents are in a Kenyan 5 shilling coin?

50
5
10
500
Explanation:

A Kenyan 5 shilling coin is equivalent to 50 cents.

16. If you have 2 notes of 100 shillings each, how much money do you have in total?

200
500
1000
300
Explanation:

2 notes of 100 shillings each equal to 200 shillings in total.

17. How many bob make up 40 shillings in Kenya?

40
20
10
100
Explanation:

In Kenya, 40 shillings are equivalent to 40 bob.

18. Which of the following is the largest in value?

10 bob
50 cents
5 bob
1 shilling
Explanation:

50 cents is larger in value compared to 1 shilling, 10 bob, and 5 bob.

19. How many shillings are in a Kenyan 200 shilling note?

1000
100
500
200
Explanation:

A Kenyan 200 shilling note is equivalent to 200 shillings.

20. If you have 6 coins of 5 shillings each, how much money do you have in total?

10
40
60
30
Explanation:

6 coins of 5 shillings each equal to 30 shillings in total.

21. Which of the following is the smallest in value?

50 cents
10 bob
1 shilling
5 bob
Explanation:

5 bob is smaller in value compared to 50 cents, 1 shilling, and 10 bob.

22. How many cents are in a Kenyan 2 shilling coin?

200
2
100
20
Explanation:

A Kenyan 2 shilling coin is equivalent to 20 cents.

23. If you have 3 notes of 500 shillings each, how much money do you have in total?

600
1500
300
900
Explanation:

3 notes of 500 shillings each equal to 1500 shillings in total.

24. How many bob make up 60 shillings in Kenya?

30
60
6
12
Explanation:

In Kenya, 60 shillings are equivalent to 60 bob.

25. Which of the following is the largest in value?

10 bob
1 shilling
50 cents
5 bob
Explanation:

50 cents is larger in value compared to 1 shilling, 10 bob, and 5 bob.

26. What is the value of 5 fifty cent coins and 3 twenty shilling notes?

175 shillings
100 shillings
145 shillings
185 shillings
Explanation:

5 fifty cent coins = 5 * 0.50 = 2.50 shillings, 3 twenty shilling notes = 3 * 20 = 60 shillings. Total = 2.50 + 60 = 62.50 + 60 = 175 shillings.

27. If a loaf of bread costs 60 shillings, how much change would you get from a 100-shilling note?

30 shillings
40 shillings
20 shillings
50 shillings
Explanation:

Change = 100 - 60 = 40 shillings.

28. If you have 5 ten shilling coins and 4 five shilling coins, how much money do you have in total?

75 shillings
80 shillings
70 shillings
85 shillings
Explanation:

5 * 10 + 4 * 5 = 50 + 20 = 70 shillings.

29. If you buy 3 chocolate bars at 30 shillings each, how much money would you spend in total?

70 shillings
90 shillings
100 shillings
80 shillings
Explanation:

3 * 30 = 90 shillings.

30. If you have 2 fifty shilling coins and 6 ten shilling coins, how much money do you have in total?

120 shillings
100 shillings
130 shillings
110 shillings
Explanation:

2 * 50 + 6 * 10 = 100 + 60 = 160 shillings.

31. If a toy costs 80 shillings and you pay with a 100-shilling note, how much change would you get?

20 shillings
10 shillings
40 shillings
30 shillings
Explanation:

Change = 100 - 80 = 20 shillings.

32. If you have 3 twenty shilling notes and 5 ten shilling coins, how much money do you have in total?

90 shillings
80 shillings
110 shillings
100 shillings
Explanation:

3 * 20 + 5 * 10 = 60 + 50 = 110 shillings.

33. If a pen costs 25 shillings and you buy 4 pens, how much money would you spend in total?

110 shillings
90 shillings
80 shillings
100 shillings
Explanation:

4 * 25 = 100 shillings.

34. If a pencil costs 10 shillings and you buy 5 pencils, how much money would you spend in total?

50 shillings
55 shillings
45 shillings
60 shillings
Explanation:

5 * 10 = 50 shillings.

35. Which coin has the highest value in Kenyan currency?

50 cents coin
5 cents coin
10 shillings coin
1 shilling coin
Explanation:

The 10 shillings coin has the highest value among the choices provided.

36. If you have 5 shillings, how many 50 cents coins can you get?

8 coins
4 coins
12 coins
10 coins
Explanation:

Since 1 shilling is equal to 2 50 cents coins, 5 shillings can get you 10 50 cents coins.

37. Which bill has the highest value in Kenyan currency?

500 shillings
1000 shillings
200 shillings
50 shillings
Explanation:

The 1000 shillings bill has the highest value among the choices provided.

38. If you have 100 shillings, how many 20 shillings notes can you get?

4 notes
5 notes
6 notes
2 notes
Explanation:

Since 1 note is 20 shillings, 100 shillings can get you 5 notes.

39. Which coin has the lowest value in Kenyan currency?

1 shilling coin
2 shillings coin
5 shillings coin
50 cents coin
Explanation:

The 50 cents coin has the lowest value among the choices provided.

40. If you have 6 shillings, how many 2 shillings coins can you get?

2 coins
3 coins
6 coins
4 coins
Explanation:

Since 1 shilling is equal to 2 2-shilling coins, 6 shillings can get you 3 2-shilling coins.

41. Which bill has the lowest value in Kenyan currency?

200 shillings
500 shillings
100 shillings
50 shillings
Explanation:

The 50 shillings bill has the lowest value among the choices provided.

42. If you have 30 shillings, how many 10 shillings coins can you get?

4 coins
2 coins
1 coin
3 coins
Explanation:

Since 1 shilling is equal to 1 10-shilling coin, 30 shillings can get you 3 10-shilling coins.

43. What is the total value of 4 fifty cents coins?

1 shilling
3 shillings
4 shillings
2 shillings
Explanation:

Since 1 shilling is equal to 2 50 cents coins, 4 fifty cents coins amount to 2 shillings.

44. What is the value equivalent of 1 five shillings coin?

10 cents
50 cents
1 shilling
5 shillings
Explanation:

The value of a five shillings coin is equivalent to 1 shilling in Kenyan currency.