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.What is the smallest number of coins and notes that make ₹146?
- 2.Aarav buys 2 geometry boxes at ₹120 each and pays with a ₹500 note. How much change does Aarav get (in ₹)?
- 3.Tara is making a shopping list. Which of these is a want? (a) toothpaste (b) designer sunglasses (c) soap (d) medicine when ill
- 4.Count up to find the change from ₹10: ₹8 + ₹? = ₹10
- 5.Which is worth more: a ₹5 coin or a ₹500 note? (a) 500-rupee note (b) 5-rupee coin
- 6.Which is the smallest amount: ₹85, ₹17 or ₹77? (a) 77 rupees (b) 17 rupees (c) 85 rupees
- 7.Lakshmi withdraws ₹1650 at the bank counter. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
- 8.How many pens can you buy with ₹56 if one costs ₹14?
- 9.Of a ₹49000 monthly budget, 10% goes on clothes and 25% on food. The rest is saved. What percent is saved?
- 10.Arjun has ₹400. First Arjun pays for needs: socks (₹50) and a geometry box (₹70). How many rupees are left for wants?
- 11.Gurpreet has 6 coins of ₹5 and 5 coins of ₹10. How many rupees does Gurpreet have?
- 12.Shop A sells a football for ₹425 with free delivery. Shop B sells it for ₹450 plus ₹70 delivery. How many rupees do you save by buying from the cheaper shop?
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13.Priya’s passbook:
Opening balance: ₹3500
Debit: ₹100
Debit: ₹500
Debit: ₹300
Credit: ₹200
What is the total of all the debits (in ₹)? - 14.₹22 + ₹58 =
- 15.Ishaan has ₹500 for return gifts. Each gift costs ₹15. What is the greatest number of gifts Ishaan can buy?
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16.Ananya’s passbook:
Opening balance: ₹1800
Credit (money in): ₹450
Debit (money out): ₹?
Closing balance: ₹150
How many rupees was the debit? - 17.Isha’s piggy bank has 3 coins of ₹5, 2 coins of ₹2 and 3 coins of ₹1. How many rupees are in it?
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18.Price list: ruler ₹11, sharpener ₹4, balloon ₹8, pencil ₹3.
How much do 4 pencils cost (in ₹)? - 19.Joseph got ₹665 in 7 weeks, the same amount every week. How many rupees is that each week?
- 20.What is the smallest number of coins and notes that make ₹134?
- 21.Of a ₹23000 monthly budget, 30% goes on school fees and 50% on food. The rest is saved. How many rupees are saved?
- 22.A 10 kg bag of rice costs ₹450. A 5 kg bag costs ₹370. Which bag is cheaper per kg? (a) 10 kg bag (b) 5 kg bag
- 23.Aditya’s mother scans a shop’s QR code to pay ₹500. What should she check before she pays? (a) The name of the shop (b) The colour of the code (c) Nothing, just pay
- 24.A yo-yo costs ₹79. Riya has ₹5 and ₹5. How many more rupees does Riya need?
- 25.Arjun has 2 coins of ₹5. Kavya has 2 coins of ₹2. How many more rupees does Arjun have?
- 26.Tara gets ₹16 every day. How many rupees is that in one week (7 days)?
- 27.Kavya wants to save ₹2500 for a bicycle in 25 weeks, the same amount each week. How many rupees must Kavya save each week?
- 28.Aditya has ₹500 for a picnic. Food costs ₹200 and tickets cost ₹390. Is ₹500 enough? (a) Yes (b) No
- 29.Rohan keeps ₹1500 in a bank at 4% simple interest per year. How much money will there be after 1 year (in ₹)?
- 30.3 friends run a stall selling cups of lemonade and make a profit of ₹210. They share it equally. How many rupees does each friend get?
- 31.Gurpreet has 5 notes of ₹100 and 1 note of ₹20. How many rupees does Gurpreet have?
- 32.Rahul is making a shopping list. Which of these is a need? (a) a warm blanket (b) a sticker album (c) a remote-control car (d) a fancy phone cover
- 33.Pooja has 3 notes of ₹50, 4 notes of ₹20 and 1 coin of ₹5. How many rupees does Pooja have?
- 34.Joseph keeps ₹1000 in a bank at 4% simple interest per year. How much money will there be after 4 years (in ₹)?
- 35.Manav got ₹105 in 7 weeks, the same amount every week. How many rupees is that each week?
- 36.Priya has 9 coins of ₹2. Aarav has 4 notes of ₹100. How many more rupees does Aarav have?
- 37.A pencil costs ₹3. Karan pays ₹10. How much change does Karan get (in ₹)?
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38.Price list: balloon ₹10, banana ₹6, samosa ₹19, sticker sheet ₹7.
Which item costs the most? (a) balloon (b) banana (c) sticker sheet (d) samosa - 39.Which coins and notes make exactly ₹8? (a) 5 + 1 + 1 (b) 2 + 2 + 1 (c) 5 + 2 + 1
- 40.There are 28 children in a class. Each child needs one plate of idli at ₹40. What is the total cost (in ₹)?
Answer key
- 5
- 260
- designer sunglasses
- 2
- 500-rupee note
- 17 rupees
- Debit
- 4
- 65
- 280
- 80
- 95
- 900
- 80
- 33
- 2100
- 22
- 12
- 95
- 5
- 4600
- 10 kg bag
- The name of the shop
- 69
- 6
- 112
- 100
- No
- 1560
- 70
- 520
- a warm blanket
- 235
- 1160
- 15
- 382
- 7
- samosa
- 5 + 2 + 1
- 1120
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