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A government scheme aims to provide financial assistance of ₹2000 per month to 1

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Question: A government scheme aims to provide financial assistance of ₹2000 per month to 1500 families. What is the total expenditure for one year? (2000)

Options:

  1. ₹30 lakhs
  2. ₹36 lakhs
  3. ₹24 lakhs
  4. ₹18 lakhs

Correct Answer: ₹36 lakhs

Exam Year: 2000

Solution: 

Total expenditure = ₹2000 * 1500 families * 12 months = ₹36,000,000 or ₹36 lakhs.

A government scheme aims to provide financial assistance of ₹2000 per month to 1

Practice Questions

Q1
A government scheme aims to provide financial assistance of ₹2000 per month to 1500 families. What is the total expenditure for one year? (2000)
  1. ₹30 lakhs
  2. ₹36 lakhs
  3. ₹24 lakhs
  4. ₹18 lakhs

Questions & Step-by-Step Solutions

A government scheme aims to provide financial assistance of ₹2000 per month to 1500 families. What is the total expenditure for one year? (2000)
  • Step 1: Identify the monthly financial assistance amount, which is ₹2000.
  • Step 2: Identify the number of families receiving assistance, which is 1500 families.
  • Step 3: Calculate the total monthly expenditure by multiplying the monthly assistance by the number of families: ₹2000 * 1500.
  • Step 4: Calculate the total monthly expenditure: ₹2000 * 1500 = ₹3,000,000.
  • Step 5: Identify the number of months in a year, which is 12 months.
  • Step 6: Calculate the total expenditure for one year by multiplying the total monthly expenditure by the number of months: ₹3,000,000 * 12.
  • Step 7: Calculate the total expenditure for one year: ₹3,000,000 * 12 = ₹36,000,000.
  • Step 8: Convert the total expenditure into lakhs: ₹36,000,000 is equal to ₹36 lakhs.
  • Multiplication of Monthly Assistance – Calculating total financial assistance by multiplying the monthly amount by the number of families and the number of months in a year.
  • Understanding of Large Numbers – Converting and interpreting large numbers, such as lakhs and millions, correctly.
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