Capacity of 1 pond = 1,20,000 litres
Total quantity of water = 4,80,000 litres
∴ Number of ponds required

Amount required to make 1 pond = Rs 18,000
∴ Amount required to make 4 ponds = Amount required to make 1 pond x 4
= 18,000 x 4 = Rs 72,000
∴ The number of ponds required to store 4,80,000 litres of water is 4, and the expense incurred in making the ponds is Rs 72,000.