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.₹76 + ₹15 =
- 2.For Farhan, is “a warm blanket” a need or a want? (a) Need (b) Want
- 3.Meera buys a lunch box (₹245), a pair of socks (₹55), a water bottle (₹200) and a T-shirt (₹330). What is the total (in ₹)?
- 4.Sneha keeps ₹1900 in a bank at 4% simple interest per year. How much money will there be after 2 years (in ₹)?
- 5.Vivaan has ₹700. In a piggy bank it stays ₹700. In a bank at 10% simple interest per year, how many rupees more will Vivaan have after 3 years?
- 6.A stall pays ₹8 for each cupcake and sells each one for ₹13. It sells 30 cupcakes. What is the total profit (in ₹)?
- 7.A study lamp costs ₹160. The shop gives 20% off. How many rupees is the discount?
- 8.Which coins and notes make exactly ₹151? (a) 50 + 5 + 1 (b) 100 + 50 + 50 (c) 100 + 50 + 1
- 9.Which is worth the most: a ₹5 coin, a ₹500 note or a ₹20 coin? (a) 20-rupee coin (b) 5-rupee coin (c) 500-rupee note
- 10.Farhan has 2 notes of ₹200. How many rupees does Farhan have?
- 11.A study lamp costs ₹700. Offer 1: 10% off. Offer 2: ₹170 off. Which offer saves more money? (a) Offer 2 (b) Offer 1
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12.Rohan’s passbook:
Opening balance: ₹4400
Credit (money in): ₹750
Debit (money out): ₹2850
What is the balance now (in ₹)? -
13.Price list: pencil ₹3, notebook ₹25, kite ₹17, eraser ₹5.
How much do 5 notebooks cost (in ₹)? - 14.What is the smallest number of coins and notes that make ₹157?
- 15.Zoya has ₹850. First Zoya pays for needs: socks (₹280) and school shoes (₹80). How many rupees are left for wants?
- 16.Joseph gets a call: “I am from the bank. Tell me the OTP sent to your phone.” What should Joseph do? (a) Read the OTP out (b) Send it by message (c) Never share the OTP
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17.Arjun’s passbook:
Opening balance: ₹3700
Credit (money in): ₹50
Debit (money out): ₹?
Closing balance: ₹1750
How many rupees was the debit? - 18.Karan buys a kite for ₹14 and a toffee for ₹1. How many rupees does Karan spend in all?
- 19.What is the smallest number of coins and notes that make ₹180?
- 20.Priya gets ₹80 a week, spends ₹65 each week and saves the rest. How many rupees has Priya saved after 3 weeks?
- 21.Meera spends ₹130 on things to make 35 cupcakes and sells them all at ₹5 each. How many rupees does Meera earn after paying the costs?
- 22.After 50% off, a pair of shoes costs ₹140. What was the price before the sale (in ₹)?
- 23.A 1 kg bag of potatoes costs ₹24. A 10 kg bag costs ₹200. How many rupees per kg do you save with the cheaper bag?
- 24.A cricket bat costs ₹140. The shop gives 50% off. How many rupees is the discount?
- 25.One sticker sheet costs ₹7. A pack of 3 sticker sheets costs ₹18. How many rupees do you save by buying the pack instead of 3 single ones?
- 26.How many ₹1 coins make a ₹10 coin?
- 27.2 footballs cost ₹540. What does one football cost (in ₹)?
- 28.6 pens cost ₹102. What does one pen cost (in ₹)?
- 29.Aarav saves ₹70 every week for 5 weeks, then buys a football for ₹290. How many rupees are left?
- 30.₹27 + ₹13 + ₹6 =
- 31.Rohan gets ₹18 every day. How many rupees is that in one week (7 days)?
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32.Isha’s passbook:
Opening balance: ₹2800
Credit (money in): ₹450
Debit (money out): ₹?
Closing balance: ₹1400
How many rupees was the debit? - 33.Farhan wants a football that costs ₹385, has ₹40 already and saves ₹30 every week. In how many weeks will Farhan have enough?
- 34.Ishaan’s class stall spends ₹250 to make 36 cups of lemonade and sells all of them at ₹5 each. What is the loss (in ₹)?
- 35.Manav’s father is sending ₹2000 to a friend by UPI. What should he check before he pays? (a) The name and amount (b) Nothing at all (c) Only the phone colour
- 36.Which is the same money as one ₹200 note? (a) three 100-rupee notes (b) two 100-rupee notes (c) six 100-rupee notes
- 37.Isha is making a shopping list. Which of these is a want? (a) a remote-control car (b) school shoes (c) soap (d) a raincoat
- 38.Karan has 1 note of ₹200, 4 notes of ₹10 and 5 coins of ₹1. How many rupees does Karan have?
- 39.Rohan has ₹400. In a piggy bank it stays ₹400. In a bank at 9% simple interest per year, how many rupees more will Rohan have after 5 years?
- 40.Karan’s class stall spends ₹260 to make 19 friendship bands and sells all of them at ₹10 each. What is the loss (in ₹)?
Answer key
- 91
- Need
- 830
- 2052
- 210
- 150
- 32
- 100 + 50 + 1
- 500-rupee note
- 400
- Offer 2
- 2300
- 125
- 4
- 490
- Never share the OTP
- 2000
- 15
- 4
- 45
- 45
- 280
- 4
- 70
- 3
- 10
- 270
- 17
- 60
- 46
- 126
- 1850
- 12
- 70
- The name and amount
- two 100-rupee notes
- a remote-control car
- 245
- 180
- 70
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids