Theory:

     The prayer was over. Men embraced each other. They descended on the sweet and toy-vendors’ stores like an army moving to attack. There was the merry-go-round with wooden elephants, horses and camels! You paid one paisa and had twenty-five rounds of fun. Mahmood and Mohsin and Noorey and other boys mounted the horses and camels.

     Hamid watched them from a distance. All he had were three paisas. He couldn’t part with a third of his treasure for a few miserable rounds! They were soon done with their rides. Then it was time for the toys. There was a row of stalls on one side with all kinds of toys; soldiers and milkmaids, kings and ministers, water-carriers and washerwomen and holy men.
Explanation:
  
After the prayer, men hugged each other and started for sweet and toy shops together like an army. There was this merry-go-round with wooden elephants, horses and camels wherein you have to pay one paisa for twenty-five rounds. So Mahmood, Mohsin, Noorey and other boys sat on the horses and camels.
    
Hamid did not sit on that, and he just saw them as he had only three paisas. He didn't want to waste money by going on a merry-go-round, and that too they just finished it soon. Now, they went near toy stalls, which were on either side of the road like a row. There were several toys like soldiers and milkmaids, kings and ministers, washerwomen and holy men etc.
  
Meanings of difficult words:
 
Numbers
Words
Meanings
1.
Paisas
Coins/ Money in those times.
2.
Stalls  
Compartment.
Reference:
 
State Council of Educational Research and Training (2019). Term-1 English Standard-7. Eidgah -Story by Munshi Premchand, Translated and Adapted by Uma Raman  (pp. 01-08). Published by the Tamil Nadu Textbook and Educational Services Corporation.