Theory:

     Sammi who had bought a small tambourine asked “Will you exchange them for my tambourine? It is worth eight paisas.” But Hamid would not. The pair of tongs won every one over to its side. By eleven the village was again filled with excitement. All those who had gone to the fair were back at home. Hamid too returned home. As soon as she heard his voice, Granny Ameena ran out of the house, picked him up and kissed him.
Explanation:
 
Sammi wanted to exchange tambourine with Hamid's tongs which was of eight paisas. Hamid was not interested in exchanging, as everyone wanted the pair of tongs. By eleven o'clock again the entire village was in eagerness as those who went to fair came back including Hamid. Grandmother Ameena was very happy to see Hamid. She hugged and kissed him.
 
 Meanings of difficult words:
 
Numbers
Words
Meanings
1.
Tambourine
A shallow one-headed drum with loose metallic disks at the sides played by striking with the hand.
2.
Excitement  
Eagerness. 
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.