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Financial Literacy Test Worksheet

Money maths lesson 30: Final money test · Set 480 · 40 sums
TalentJR

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. 1.For Meera, is “toothpaste” a need or a want? (a) Want (b) Need
  2. 2.Shop A sells 6 cricket balls for ₹690. Shop B sells 4 cricket balls for ₹540. What does one cricket ball cost at the cheaper shop (in ₹)?
  3. 3.₹18 + ₹23 + ₹38 =
  4. 4.One lunch box costs ₹215. How much do 2 lunch boxes cost (in ₹)?
  5. 5.How many cricket balls can you buy with ₹1800 if one costs ₹150?
  6. 6.Riya has 9 coins of ₹5. How many rupees does Riya have?
  7. 7.Nisha has ₹400 for return gifts. Each gift costs ₹20. What is the greatest number of gifts Nisha can buy?
  8. 8.Joseph gets ₹29 every day. How many rupees is that in one week (7 days)?
  9. 9.5 plates of idli cost ₹300. How much do 9 plates of idli cost (in ₹)?
  10. 10.Isha has ₹650. First Isha pays for needs: a raincoat (₹200) and school shoes (₹130). How many rupees are left for wants?
  11. 11.Which coins and notes make exactly ₹57? (a) 5 + 5 + 2 (b) 50 + 5 + 2 (c) 50 + 2 + 2
  12. 12.₹? + ₹1 + ₹10 = ₹111
  13. 13.Rahul’s piggy bank has 5 coins of ₹20, 2 coins of ₹5 and 3 coins of ₹2. How many rupees are in it?
  14. 14.Tara is making a shopping list. Which of these is a want? (a) milk (b) drinking water (c) notebooks for school (d) a glitter pen set
  15. 15.Pooja has one ₹5 piece of money. Is it a coin or a note? (a) Note (b) Coin
  16. 16.After 50% off, a pair of shoes costs ₹120. What was the price before the sale (in ₹)?
  17. 17.Nisha keeps ₹700 in a bank at 7% simple interest per year. How many rupees of interest does it earn in 2 years?
  18. 18.Sneha buys a pen for ₹18 and a geometry box for ₹95, and pays with a ₹500 note. How much change does Sneha get (in ₹)?
  19. 19.Which is worth more: a ₹20 coin or a ₹50 note? (a) 20-rupee coin (b) 50-rupee note
  20. 20.Gurpreet has 3 coins of ₹1. How many rupees does Gurpreet have?
  21. 21.Rahul buys a water bottle (₹205), a colour pencil set (₹95), a cricket ball (₹120) and a school bag (₹800). What is the total (in ₹)?
  22. 22.A family plans ₹36000 for the month. 50% of it is for clothes. How many rupees is that?
  23. 23.Lakshmi has 6 coins of ₹5. How many rupees does Lakshmi have?
  24. 24.Joseph has 3 notes of ₹20 and 5 notes of ₹10. How many rupees does Joseph have?
  25. 25.How many notes of ₹20 make ₹60?
  26. 26.Arjun has ₹350. First Arjun pays for needs: school shoes (₹50) and a water bottle (₹100). How many rupees are left for wants?
  27. 27.Saanvi’s class stall spends ₹180 to make 12 paper bookmarks and sells all of them at ₹15 each. Is it a profit or a loss? (a) Profit (b) Loss (c) No profit, no loss
  28. 28.Which coins and notes make exactly ₹130? (a) 20 + 10 + 5 (b) 100 + 100 + 20 (c) 100 + 20 + 10
  29. 29.Which is the biggest amount: ₹87, ₹14 or ₹50? (a) 14 rupees (b) 50 rupees (c) 87 rupees
  30. 30.For Isha, is “vegetables” a need or a want? (a) Want (b) Need
  31. 31.A day trip costs ₹350 in all. 7 friends share the cost equally. How much does each friend pay (in ₹)?
  32. 32.Manav keeps ₹1500 in a bank at 8% simple interest per year. How many rupees of interest does it earn in 1 year?
  33. 33.Diya withdraws ₹1100 at the bank counter. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
  34. 34.A water gun costs ₹97. Kavya has ₹20 and ₹10. How many more rupees does Kavya need?
  35. 35.Tara has 4 notes of ₹20. How many rupees does Tara have?
  36. 36.How many mangoes can you buy with ₹80 if one costs ₹20?
  37. 37.Meera’s mother has ₹1300 in her bank account. She pays ₹60 for bread and ₹340 for milk by UPI. How many rupees are left in the account?
  38. 38.Kabir gets ₹100 a week, spends ₹60 each week and saves the rest. How many rupees has Kabir saved after 7 weeks?
  39. 39.Ananya keeps ₹1600 in a bank at 5% simple interest per year. How many rupees of interest does it earn in 1 year?
  40. 40.How many coins of ₹2 does Meera need to make ₹20?

Answer key

  1. Need
  2. 115
  3. 79
  4. 430
  5. 12
  6. 45
  7. 20
  8. 203
  9. 540
  10. 320
  11. 50 + 5 + 2
  12. 100
  13. 116
  14. a glitter pen set
  15. Coin
  16. 240
  17. 98
  18. 387
  19. 50-rupee note
  20. 3
  21. 1220
  22. 18000
  23. 30
  24. 110
  25. 3
  26. 200
  27. No profit, no loss
  28. 100 + 20 + 10
  29. 87 rupees
  30. Need
  31. 50
  32. 120
  33. Debit
  34. 67
  35. 80
  36. 4
  37. 900
  38. 280
  39. 80
  40. 10

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