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.Kavya gets ₹1500 interest from the bank. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
- 2.A 2 kg bag of rice costs ₹126. A 10 kg bag costs ₹430. Which bag is cheaper per kg? (a) 10 kg bag (b) 2 kg bag
- 3.Saanvi has ₹350. First Saanvi pays for needs: socks (₹70) and a geometry box (₹110). How many rupees are left for wants?
- 4.A sharpener costs ₹4. Saanvi pays ₹20. How much change does Saanvi get (in ₹)?
- 5.For Riya, is “a glitter pen set” a need or a want? (a) Need (b) Want
- 6.Which is worth more: a ₹100 note or a ₹2 coin? (a) 100-rupee note (b) 2-rupee coin
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7.Dev’s passbook:
Opening balance: ₹2900
Credit: ₹150
Debit: ₹150
Debit: ₹50
Debit: ₹350
What is the closing balance (in ₹)? - 8.Shop A sells a school bag for ₹550 with free delivery. Shop B sells it for ₹530 plus ₹50 delivery. How many rupees do you save by buying from the cheaper shop?
- 9.Riya has 2 notes of ₹500. How many rupees does Riya have?
- 10.There are 19 children in a class. Each child needs one plate of idli at ₹35. What is the total cost (in ₹)?
- 11.A football costs ₹260 online. Delivery is ₹20 and a coupon takes ₹10 off. What is the final price (in ₹)?
- 12.₹9 + ₹21 + ₹38 =
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13.Kavya’s passbook:
Opening balance: ₹3900
Credit (money in): ₹100
Debit (money out): ₹?
Closing balance: ₹100
How many rupees was the debit? - 14.A message says Arjun has won ₹500. It asks for the UPI PIN to send the prize. What is true? (a) Prizes need your PIN (b) No PIN to receive money (c) Enter the PIN quickly
- 15.Diya’s class stall spends ₹360 to make 23 cupcakes and sells all of them at ₹25 each. What is the profit (in ₹)?
- 16.Isha has 4 notes of ₹100 and 1 note of ₹20. How many rupees does Isha have?
- 17.Aarav has ₹45 in a piggy bank. Dadi gives Aarav ₹24 more. How many rupees does Aarav have now?
- 18.Kabir wants to save ₹480 for a gift for Mum in 6 weeks, the same amount each week. How many rupees must Kabir save each week?
- 19.Which is worth the least: a ₹500 note, a ₹200 note or a ₹2 coin? (a) 2-rupee coin (b) 200-rupee note (c) 500-rupee note
- 20.Meera’s class stall spends ₹725 to make 29 clay diyas and sells all of them at ₹25 each. Is it a profit or a loss? (a) No profit, no loss (b) Profit (c) Loss
- 21.Ishaan buys a pencil for ₹3 and a ruler for ₹8. How many rupees does Ishaan spend in all?
- 22.Nisha buys 5 erasers at ₹3 each and pays ₹20. How much change does Nisha get (in ₹)?
- 23.Farhan gets ₹15 pocket money every week. How many rupees is that in 3 weeks?
- 24.A juice box costs ₹17.50. Priya pays ₹50. How much change does Priya get, in rupees? =
- 25.Which is worth more: a ₹200 note or a ₹10 note? (a) 10-rupee note (b) 200-rupee note
- 26.₹10 + ₹? + ₹100 = ₹115
- 27.Sneha gets ₹25 pocket money every week. How many rupees is that in 11 weeks?
- 28.Zoya gets ₹100 pocket money every month. How many rupees is that in one year (12 months)?
- 29.₹27 + ₹23 + ₹20 =
- 30.One rubber band costs ₹2.50. How many rupees do 7 rubber bands cost? =
- 31.Of a ₹23000 monthly budget, 30% goes on food and 20% on electricity. The rest is saved. How many rupees are saved?
- 32.How many coins of ₹5 does Vivaan need to make ₹10?
- 33.Shop A sells a badminton racket for ₹505 with free delivery. Shop B sells it for ₹300 plus ₹80 delivery. How many rupees do you save by buying from the cheaper shop?
- 34.₹46 + ₹33 =
- 35.Zoya pays a bill of ₹1050 by UPI. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
- 36.Kabir buys a cricket ball (₹135), a colour pencil set (₹65), a T-shirt (₹400) and a geometry box (₹80). What is the total (in ₹)?
- 37.Count up to find the change from ₹200: ₹195 + ₹? = ₹200
- 38.Tara keeps ₹1200 in a bank at 4% simple interest per year. How much money will there be after 2 years (in ₹)?
- 39.Of a ₹18000 monthly budget, 40% goes on food and 50% on electricity. The rest is saved. How many rupees are saved?
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40.Price list: sharpener ₹6, samosa ₹20, sticker sheet ₹12, eraser ₹3.
Which item costs the most? (a) eraser (b) sticker sheet (c) samosa (d) sharpener
Answer key
- Credit
- 10 kg bag
- 170
- 16
- Want
- 100-rupee note
- 2500
- 30
- 1000
- 665
- 270
- 68
- 3900
- No PIN to receive money
- 215
- 420
- 69
- 80
- 2-rupee coin
- No profit, no loss
- 11
- 5
- 45
- 32.5
- 200-rupee note
- 5
- 275
- 1200
- 70
- 17.5
- 11500
- 2
- 125
- 79
- Debit
- 680
- 5
- 1296
- 1800
- samosa
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids