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 worth more: a ₹500 note or a ₹100 note? (a) 100-rupee note (b) 500-rupee note
- 2.The bill for a samosa and a mango is ₹55. A samosa costs ₹20. What does the mango cost (in ₹)?
- 3.What is the smallest number of coins and notes that make ₹55?
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4.Diya’s passbook:
Opening balance: ₹2800
Debit: ₹250
Credit: ₹100
Debit: ₹100
Credit: ₹50
What is the total of all the debits (in ₹)? - 5.₹410 − ₹290 =
- 6.₹? + ₹50 + ₹1 = ₹61
- 7.A sticker sheet costs ₹6. Isha pays ₹20. How much change does Isha get (in ₹)?
- 8.A message says Isha has won ₹1000. It asks for the UPI PIN to send the prize. What is true? (a) Enter the PIN quickly (b) No PIN to receive money (c) Prizes need your PIN
- 9.A school bag costs ₹700. The shop gives 50% off. What is the sale price (in ₹)?
- 10.For Dev, is “a sticker album” a need or a want? (a) Want (b) Need
- 11.3 T-shirts cost ₹1200. What does one T-shirt cost (in ₹)?
- 12.Arjun gets ₹26 every day. How many rupees is that in one week (7 days)?
- 13.Which is worth more: a ₹2 coin or a ₹50 note? (a) 50-rupee note (b) 2-rupee coin
- 14.Gurpreet has 3 coins of ₹20 and 4 coins of ₹1. How many rupees does Gurpreet have?
- 15.How many coins of ₹20 does Joseph need to make ₹160?
- 16.The bill for 3 storybooks and a badminton racket is ₹905. A storybook costs ₹130. What does the badminton racket cost (in ₹)?
- 17.Isha spends ₹110 to start a stall and sells each cupcake for ₹5. What is the smallest number Isha must sell to get back the ₹110?
- 18.Shop A sells 4 colour pencil sets for ₹360. Shop B sells 5 colour pencil sets for ₹325. What does one colour pencil set cost at the cheaper shop (in ₹)?
- 19.Meera sees that ₹2000 was sent to a wrong number by mistake. What should Meera do first? (a) Keep it a secret (b) Tell a parent at once (c) Pay again to fix it
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20.Dev’s passbook:
Opening balance: ₹4300
Credit: ₹300
Credit: ₹450
Debit: ₹150
Credit: ₹350
What is the closing balance (in ₹)? - 21.Meera has 4 notes of ₹100 and 4 notes of ₹20. How many rupees does Meera have?
- 22.Count up to find the change from ₹50: ₹5 + ₹? = ₹50
- 23.Gurpreet buys 3 notebooks at ₹55 each and pays with a ₹200 note. How much change does Gurpreet get (in ₹)?
- 24.Farhan had ₹60. Farhan spent ₹15 on a kite. How many rupees are left?
- 25.₹36 + ₹40 + ₹14 =
- 26.Rohan buys a samosa (₹18), a water bottle (₹215), a school bag (₹520) and a badminton racket (₹345). What is the total (in ₹)?
- 27.A stall pays ₹20 for each paper bookmark and sells each one for ₹22. It sells 22 paper bookmarks. What is the total profit (in ₹)?
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28.Meera’s passbook:
Opening balance: ₹3100
Credit: ₹150
Debit: ₹400
Debit: ₹350
Credit: ₹500
What is the closing balance (in ₹)? - 29.Ananya spends ₹700 on things to make 36 cups of lemonade and sells them all at ₹20 each. How many rupees does Ananya earn after paying the costs?
- 30.A water bottle costs ₹140. The shop gives 10% off. What is the sale price (in ₹)?
- 31.Meera has 2 notes of ₹10. Arjun has 8 notes of ₹50. How many more rupees does Arjun have?
- 32.A study lamp costs ₹800. The shop gives 10% off. What is the sale price (in ₹)?
- 33.Priya deposits ₹1200 of birthday money. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
- 34.5 children go on a school trip to the planetarium. The bus costs ₹30 for each child and the ticket costs ₹20 for each child. What is the total cost (in ₹)?
- 35.Vivaan spends ₹70 to start a stall and sells each cupcake for ₹10. What is the smallest number Vivaan must sell to get back the ₹70?
- 36.₹39 + ₹24 + ₹21 =
- 37.What do 2 mangoes at ₹20 each and 2 footballs at ₹285 each cost in all (in ₹)?
- 38.₹78 + ₹5 =
- 39.A dozen (12) eggs cost ₹96. What does one cost (in ₹)?
- 40.Which is worth more: a ₹10 coin or a ₹2 coin? (a) 2-rupee coin (b) 10-rupee coin
Answer key
- 500-rupee note
- 35
- 2
- 350
- 120
- 10
- 14
- No PIN to receive money
- 350
- Want
- 400
- 182
- 50-rupee note
- 64
- 8
- 515
- 22
- 65
- Tell a parent at once
- 5250
- 480
- 45
- 35
- 45
- 90
- 1098
- 44
- 3000
- 20
- 126
- 380
- 720
- Credit
- 250
- 7
- 84
- 610
- 83
- 8
- 10-rupee coin
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids