Financial Literacy Test Worksheet
The method (Read, plan, check): Name the type of question: count, change, bill, better buy, discount, budget, saving, interest, profit, passbook or safety. Use the method from that lesson and work step by step. Check: change is less than the money paid, a discount makes the price smaller, needs come before wants.
NameDateTime takenScore ___ / 40
- 1.Which is the same money as one ₹200 note? (a) three 50-rupee notes (b) five 50-rupee notes (c) four 50-rupee notes
- 2.Diya’s mother has ₹1700 in her bank account. She pays ₹200 for school books and ₹130 for medicines by UPI. How many rupees are left in the account?
- 3.Pooja’s class stall spends ₹410 to make 18 clay diyas and sells all of them at ₹25 each. Is it a profit or a loss? (a) Loss (b) Profit (c) No profit, no loss
- 4.Priya has 6 notes of ₹20. How many rupees does Priya have?
- 5.Pooja has 2 coins of ₹1. Tara has 5 notes of ₹20. Who has less money? (a) Pooja (b) Tara
- 6.Shop A sells 2 cricket balls for ₹300. Shop B sells 3 cricket balls for ₹435. What does one cricket ball cost at the cheaper shop (in ₹)?
-
7.Riya’s passbook:
Opening balance: ₹4100
Credit (money in): ₹500
Debit (money out): ₹2350
What is the balance now (in ₹)? -
8.Price list: ruler ₹13, crayon box ₹45, sharpener ₹7, banana ₹5.
How much do 5 bananas cost (in ₹)? - 9.Isha buys a samosa for ₹19 and pays with a ₹100 note. How much change does Isha get (in ₹)?
- 10.What do 2 water bottles at ₹230 each and 4 footballs at ₹295 each cost in all (in ₹)?
- 11.Which is the smallest amount: ₹37, ₹77 or ₹80? (a) 77 rupees (b) 37 rupees (c) 80 rupees
- 12.How many paise are there in ₹9?
- 13.Sneha has ₹1100. In a piggy bank it stays ₹1100. In a bank at 3% simple interest per year, how many rupees more will Sneha have after 1 year?
- 14.Manav has a budget of ₹1500 for a birthday party. The cake cost ₹260, the snacks cost ₹180 and the return gifts cost ₹330. How many rupees are left?
- 15.A pair of shoes costs ₹340. Offer 1: 50% off. Offer 2: ₹150 off. Which offer saves more money? (a) Offer 2 (b) Offer 1
- 16.Lakshmi has 4 notes of ₹10. How many rupees does Lakshmi have?
- 17.2 samosas cost ₹30. How much do 8 samosas cost (in ₹)?
- 18.Ishaan buys a notebook for ₹45 and a samosa for ₹12. How many rupees does Ishaan spend in all?
- 19.Isha has 1 note of ₹50, 4 notes of ₹10 and 2 coins of ₹5. How many rupees does Isha have?
- 20.Diya has ₹100. In a piggy bank it stays ₹100. In a bank at 8% simple interest per year, how many rupees more will Diya have after 2 years?
- 21.There are 26 children in a class. Each child needs one pen at ₹14. What is the total cost (in ₹)?
-
22.Meera’s passbook:
Opening balance: ₹4000
Credit: ₹100
Credit: ₹350
Debit: ₹500
Debit: ₹150
What is the closing balance (in ₹)? - 23.Manav has 4 notes of ₹50, 3 notes of ₹20 and 1 coin of ₹2. How many rupees does Manav have?
- 24.Ananya wants an art kit that costs ₹360. Ananya saves ₹90 every week. How many weeks will it take?
- 25.A stranger asks Riya to scan a QR code to “get” ₹10000. What is true? (a) It gives you money (b) QR codes are always safe (c) Scanning a QR pays money
- 26.Shop A sells a T-shirt for ₹285 with free delivery. Shop B sells it for ₹395 plus ₹60 delivery. Which shop is cheaper in total? (a) Shop B (b) Shop A
- 27.Lakshmi has ₹3. A banana costs ₹4. Does Lakshmi have enough money to buy it? (a) Yes (b) No
- 28.Riya’s class stall spends ₹340 to make 12 paper bookmarks and sells all of them at ₹20 each. What is the loss (in ₹)?
- 29.₹200 earns 3% simple interest per year. In how many years will the interest be ₹6?
-
30.Price list: notebook ₹25, toffee ₹3, ice candy ₹8, samosa ₹14.
How many rupees more does a samosa cost than a toffee? - 31.₹14.50 + ₹20 =
- 32.Isha saves ₹60 every week for 5 weeks, then buys a gift for Mum for ₹260. How many rupees are left?
- 33.Diya has ₹560 for return gifts. Each gift costs ₹25. What is the greatest number of gifts Diya can buy?
- 34.Isha had ₹41. Isha spent ₹18 on a glue stick. How many rupees are left?
- 35.A 1 kg bag of rice costs ₹66. A 10 kg bag costs ₹630. How many rupees per kg do you save with the cheaper bag?
- 36.Manav makes 6 friendship bands an hour and sells each one for ₹30. How many rupees can Manav earn from 3 hours of work?
- 37.A pencil box costs ₹27.50. Farhan pays ₹50. How much change does Farhan get, in rupees? =
- 38.12 children go on a school trip to the science park. The bus costs ₹30 for each child and the ticket costs ₹45 for each child. What is the total cost (in ₹)?
- 39.4 friends run a stall selling friendship bands and make a profit of ₹1440. They share it equally. How many rupees does each friend get?
- 40.3 friends run a stall selling cups of lemonade and make a profit of ₹450. They share it equally. How many rupees does each friend get?
Answer key
- four 50-rupee notes
- 1370
- Profit
- 120
- Pooja
- 145
- 2250
- 25
- 81
- 1640
- 37 rupees
- 900
- 33
- 730
- Offer 1
- 40
- 120
- 57
- 100
- 16
- 364
- 3800
- 262
- 4
- Scanning a QR pays money
- Shop A
- No
- 100
- 1
- 11
- 34.5
- 40
- 22
- 23
- 3
- 540
- 22.5
- 900
- 360
- 150
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids