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.Ishaan has 3 notes of ₹200 and 1 note of ₹20. How many rupees does Ishaan have?
- 2.Rahul’s class stall spends ₹1080 to make 40 plates of bhel and sells all of them at ₹25 each. What is the loss (in ₹)?
- 3.Zoya is making a shopping list. Which of these is a want? (a) a new party dress (b) rice and dal (c) vegetables (d) a raincoat
- 4.For Isha, is “medicine when ill” a need or a want? (a) Need (b) Want
- 5.Kavya’s class stall spends ₹140 to make 10 clay diyas and sells all of them at ₹10 each. What is the loss (in ₹)?
- 6.Priya is making a shopping list. Which of these is a want? (a) vegetables (b) a schoolbag (c) school shoes (d) a remote-control car
- 7.What do 5 pens at ₹11 each and 3 pairs of socks at ₹80 each cost in all (in ₹)?
- 8.₹600 earns 2% simple interest per year. In how many years will the interest be ₹24?
- 9.Which is worth more: a ₹1 coin or a ₹20 note? (a) 1-rupee coin (b) 20-rupee note
- 10.Gurpreet buys 3 pairs of socks at ₹60 each and pays with a ₹500 note. How much change does Gurpreet get (in ₹)?
- 11.Manav has 4 notes of ₹50. How many rupees does Manav have?
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12.Price list: pencil ₹8, crayon box ₹35, toffee ₹3, banana ₹4.
How many rupees more does a pencil cost than a toffee? - 13.Ananya has 8 notes of ₹100. How many rupees does Ananya have?
- 14.Isha gets ₹100 a week, spends ₹25 each week and saves the rest. How many rupees has Isha saved after 2 weeks?
- 15.Shop A sells a cricket ball for ₹145 with free delivery. Shop B sells it for ₹130 plus ₹70 delivery. Which shop is cheaper in total? (a) Shop A (b) Shop B
- 16.Rahul has ₹450. First Rahul pays for needs: a school uniform (₹140) and notebooks (₹140). How many rupees are left for wants?
- 17.How many notebooks can you buy with ₹495 if one costs ₹55?
- 18.₹18 + ₹7.50 =
- 19.Pooja buys 4 sticker sheets at ₹8 each and pays ₹50. How much change does Pooja get (in ₹)?
- 20.7 plates of idli cost ₹245. How much do 4 plates of idli cost (in ₹)?
- 21.What do 4 notebooks at ₹50 each and 2 mangoes at ₹25 each cost in all (in ₹)?
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22.Vivaan’s passbook:
Opening balance: ₹3900
Credit (money in): ₹350
Debit (money out): ₹?
Closing balance: ₹4200
How many rupees was the debit? - 23.Diya has ₹950 for return gifts. Each gift costs ₹50. What is the greatest number of gifts Diya can buy?
- 24.A 2 kg bag of onions costs ₹62. A 10 kg bag costs ₹260. Which bag is cheaper per kg? (a) 10 kg bag (b) 2 kg bag
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25.Price list: eraser ₹5, crayon box ₹50, notebook ₹35, toffee ₹1.
How many rupees more does a crayon box cost than a notebook? - 26.A board game costs ₹160. The shop gives 50% off. How many rupees is the discount?
- 27.Arjun gets ₹1450 interest from the bank. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
- 28.A school bag costs ₹140. The shop gives 50% off. How many rupees is the discount?
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29.Nisha’s passbook:
Opening balance: ₹3000
Credit: ₹100
Credit: ₹50
Credit: ₹200
Debit: ₹150
What is the total of all the credits (in ₹)? - 30.Joseph has ₹310 for return gifts. Each gift costs ₹50. What is the greatest number of gifts Joseph can buy?
- 31.What is the smallest number of coins and notes that make ₹124?
- 32.₹35 + ₹23 =
- 33.Count up to find the change from ₹10: ₹3 + ₹? = ₹10
- 34.₹1200 earns 10% simple interest per year. In how many years will the interest be ₹600?
- 35.Which is worth more: a ₹1 coin or a ₹5 coin? (a) 5-rupee coin (b) 1-rupee coin
- 36.A family plans ₹26000 for the month. 50% of it is for school fees. How many rupees is that?
- 37.Gurpreet’s mother has ₹1800 in her bank account. She pays ₹70 for medicines and ₹340 for vegetables by UPI. How many rupees are left in the account?
- 38.Tara spends ₹240 to start a stall and sells each greeting card for ₹10. What is the smallest number Tara must sell to get back the ₹240?
- 39.Aditya has one ₹200 piece of money. Is it a coin or a note? (a) Coin (b) Note
- 40.Priya gets ₹50 a week, spends ₹20 each week and saves the rest. How many rupees has Priya saved after 6 weeks?
Answer key
- 620
- 80
- a new party dress
- Need
- 40
- a remote-control car
- 295
- 2
- 20-rupee note
- 320
- 200
- 5
- 800
- 150
- Shop A
- 170
- 9
- 25.5
- 18
- 140
- 250
- 50
- 19
- 10 kg bag
- 15
- 80
- Credit
- 70
- 350
- 6
- 4
- 58
- 7
- 5
- 5-rupee coin
- 13000
- 1390
- 24
- Note
- 180
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids