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.How many coins of ₹5 does Ananya need to make ₹40?
- 2.Shop A sells a lunch box for ₹285 with free delivery. Shop B sells it for ₹250 plus ₹50 delivery. How many rupees do you save by buying from the cheaper shop?
- 3.A stall pays ₹16 for each friendship band and sells each one for ₹26. It sells 13 friendship bands. What is the total profit (in ₹)?
- 4.Zoya has 9 coins of ₹2. Rahul has 8 coins of ₹5. How many more rupees does Rahul have?
- 5.Aarav spends ₹250 on things to make 16 clay diyas and sells them all at ₹20 each. How many rupees does Aarav earn after paying the costs?
- 6.A dozen (12) guavas cost ₹72. What does one cost (in ₹)?
- 7.Zoya buys a school bag (₹490), a pen (₹12), a samosa (₹17) and a notebook (₹45). What is the total (in ₹)?
- 8.5 friends run a stall selling paper bookmarks and make a profit of ₹650. They share it equally. How many rupees does each friend get?
- 9.What do 2 pairs of socks at ₹50 each and 4 lunch boxes at ₹205 each cost in all (in ₹)?
- 10.A family plans ₹12000 for the month. 20% of it is for school fees. How many rupees is that?
- 11.Dev has a budget of ₹1500 for a birthday party. The decorations cost ₹180, the cake cost ₹340 and the snacks cost ₹370. How many rupees are left?
- 12.What is the smallest number of coins and notes that make ₹153?
- 13.What is the smallest number of coins and notes that make ₹41?
- 14.For Joseph, is “a fancy phone cover” a need or a want? (a) Need (b) Want
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15.Lakshmi’s passbook:
Opening balance: ₹2300
Credit: ₹300
Debit: ₹500
Debit: ₹350
Debit: ₹400
What is the closing balance (in ₹)? - 16.Arjun buys an eraser for ₹4 and a pencil for ₹5. How many rupees does Arjun spend in all?
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17.Diya’s passbook:
Opening balance: ₹1200
Credit (money in): ₹300
Debit (money out): ₹?
Closing balance: ₹600
How many rupees was the debit? -
18.Price list: biscuit packet ₹11, ruler ₹9, samosa ₹17, pencil ₹3.
How much do 3 biscuit packets cost (in ₹)? - 19.How many paise are there in ₹10?
- 20.Arjun’s mother has ₹1700 in her bank account. She pays ₹100 for a gas cylinder and ₹240 for bread by UPI. How many rupees are left in the account?
- 21.Shop A sells 4 colour pencil sets for ₹240. Shop B sells 2 colour pencil sets for ₹230. Which shop is cheaper for one colour pencil set? (a) Shop B (b) Shop A
- 22.A T-shirt costs ₹370 online. Delivery is ₹70 and a coupon takes ₹20 off. What is the final price (in ₹)?
- 23.₹10.50 + ₹7.50 =
- 24.A 2 kg bag of wheat flour costs ₹68. A 1 kg bag costs ₹37. How many rupees per kg do you save with the cheaper bag?
- 25.Tara’s class stall spends ₹625 to make 25 greeting cards and sells all of them at ₹25 each. Is it a profit or a loss? (a) Loss (b) No profit, no loss (c) Profit
- 26.Shop A sells 3 pens for ₹54. Shop B sells 4 pens for ₹56. Which shop is cheaper for one pen? (a) Shop B (b) Shop A
- 27.A badminton racket costs ₹515 online. Delivery is ₹40 and a coupon takes ₹30 off. What is the final price (in ₹)?
- 28.Ishaan spends ₹210 to start a stall and sells each clay diya for ₹10. What is the smallest number Ishaan must sell to get back the ₹210?
- 29.Ananya has ₹400. In a piggy bank it stays ₹400. In a bank at 4% simple interest per year, how many rupees more will Ananya have after 3 years?
- 30.A badminton racket costs ₹360 online. Delivery is ₹40 and a coupon takes ₹10 off. What is the final price (in ₹)?
- 31.500 paise is how many rupees? =
- 32.Meera has 2 notes of ₹20. Kabir has 7 coins of ₹5. Who has more money? (a) Kabir (b) Meera
- 33.Dev has ₹47 in a piggy bank. Chacha gives Dev ₹23 more. How many rupees does Dev have now?
- 34.Rohan’s class stall spends ₹140 to make 16 paper bookmarks and sells all of them at ₹15 each. What is the profit (in ₹)?
- 35.A day trip costs ₹1700 in all. 5 friends share the cost equally. How much does each friend pay (in ₹)?
- 36.For Gurpreet, is “a video game” a need or a want? (a) Want (b) Need
- 37.5 footballs cost ₹1250. How much do 4 footballs cost (in ₹)?
- 38.Saanvi’s mother scans a shop’s QR code to pay ₹50000. What should she check before she pays? (a) Nothing, just pay (b) The colour of the code (c) The name of the shop
- 39.Rohan’s class stall spends ₹875 to make 35 friendship bands and sells all of them at ₹25 each. Is it a profit or a loss? (a) No profit, no loss (b) Profit (c) Loss
- 40.Pooja buys 3 toffees at ₹1 each and pays ₹20. How much change does Pooja get (in ₹)?
Answer key
- 8
- 15
- 130
- 22
- 70
- 6
- 564
- 130
- 920
- 2400
- 610
- 4
- 3
- Want
- 1350
- 9
- 900
- 33
- 1000
- 1360
- Shop A
- 420
- 18
- 3
- No profit, no loss
- Shop B
- 525
- 21
- 48
- 390
- 5
- Meera
- 70
- 100
- 340
- Want
- 1000
- The name of the shop
- No profit, no loss
- 17
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