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.Kabir gets ₹30 a week, spends ₹10 each week and saves the rest. How many rupees has Kabir saved after 3 weeks?
- 2.Gurpreet’s class stall spends ₹265 to make 15 paper bookmarks and sells all of them at ₹15 each. Is it a profit or a loss? (a) No profit, no loss (b) Loss (c) Profit
- 3.Which coins and notes make exactly ₹32? (a) 20 + 10 + 5 (b) 20 + 10 + 2 (c) 20 + 10 + 1
- 4.Aarav has 9 notes of ₹50. Sneha has 6 coins of ₹1. Who has more money? (a) Aarav (b) Sneha
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5.Aarav’s passbook:
Opening balance: ₹3400
Credit: ₹350
Debit: ₹50
Debit: ₹200
Debit: ₹500
What is the total of all the credits (in ₹)? - 6.One kite costs ₹14. A pack of 3 kites costs ₹41. How many rupees do you save by buying the pack instead of 3 single ones?
- 7.A kite costs ₹12 and a sticker sheet costs ₹5. How many rupees more does the kite cost?
- 8.A notebook costs ₹37.50. Arjun pays ₹50. How much change does Arjun get, in rupees? =
- 9.Vivaan has 1 note of ₹500 and 1 note of ₹100. How many rupees does Vivaan have?
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10.Diya’s passbook:
Opening balance: ₹4700
Credit (money in): ₹700
Debit (money out): ₹250
What is the balance now (in ₹)? - 11.Nisha keeps ₹700 in a bank at 7% simple interest per year. How much money will there be after 3 years (in ₹)?
- 12.A 2 kg bag of wheat flour costs ₹76. A 5 kg bag costs ₹170. Which bag is cheaper per kg? (a) 5 kg bag (b) 2 kg bag
- 13.How many coins of ₹20 does Meera need to make ₹140?
- 14.Pooja’s class stall spends ₹290 to make 26 paper bookmarks and sells all of them at ₹10 each. What is the loss (in ₹)?
- 15.Ananya has ₹1000 for a picnic. Food costs ₹180 and tickets cost ₹740. Is ₹1000 enough? (a) No (b) Yes
- 16.Dev has 4 notes of ₹20. How many rupees does Dev have?
- 17.A message says Farhan has won ₹25000. It asks for the UPI PIN to send the prize. What is true? (a) Enter the PIN quickly (b) Prizes need your PIN (c) No PIN to receive money
- 18.Aditya spends ₹25 of ₹500 pocket money on books. What percent is that?
- 19.Kavya has one ₹2 piece of money. Is it a coin or a note? (a) Note (b) Coin
- 20.A dozen (12) pencils cost ₹48. What does one cost (in ₹)?
- 21.One notebook costs ₹40. A pack of 3 notebooks costs ₹118. How many rupees do you save by buying the pack instead of 3 single ones?
- 22.Shop A sells a football for ₹275 with free delivery. Shop B sells it for ₹250 plus ₹20 delivery. Which shop is cheaper in total? (a) Shop A (b) Shop B
- 23.Farhan has ₹10 in a piggy bank. Dadi gives Farhan ₹14 more. How many rupees does Farhan have now?
- 24.₹48 + ₹22 =
- 25.Aarav saves ₹90 every week for 9 weeks, then buys a storybook set for ₹520. How many rupees are left?
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26.Price list: glue stick ₹22, pencil ₹5, biscuit packet ₹16, toffee ₹2.
How much do a toffee and a pencil cost together (in ₹)? - 27.Isha has 6 coins of ₹2. Arjun has 5 notes of ₹20. Who has more money? (a) Arjun (b) Isha
- 28.A stall pays ₹3 for each friendship band and sells each one for ₹9. It sells 40 friendship bands. What is the total profit (in ₹)?
- 29.Which is the same money as one ₹50 note? (a) five 10-rupee notes (b) two 10-rupee notes (c) three 10-rupee notes
- 30.A stall pays ₹6 for each friendship band and sells each one for ₹7. It sells 28 friendship bands. What is the total profit (in ₹)?
- 31.Shop A sells 4 cricket balls for ₹580. Shop B sells 6 cricket balls for ₹720. What does one cricket ball cost at the cheaper shop (in ₹)?
- 32.A raincoat costs ₹120. The shop gives 10% off. How many rupees is the discount?
- 33.₹280 + ₹100 =
- 34.9 school bags cost ₹6525. How much do 7 school bags cost (in ₹)?
- 35.A day trip costs ₹3280 in all. 8 friends share the cost equally. How much does each friend pay (in ₹)?
- 36.For Aarav, is “a bigger TV” a need or a want? (a) Want (b) Need
- 37.Farhan’s mother has ₹2500 in her bank account. She pays ₹310 for fruit and ₹120 for milk by UPI. How many rupees are left in the account?
- 38.Which is worth the most: a ₹2 coin, a ₹20 note or a ₹50 note? (a) 50-rupee note (b) 2-rupee coin (c) 20-rupee note
- 39.Rohan keeps ₹1200 in a bank. After 4 years the simple interest is ₹240. What is the rate of interest per year (in %)?
- 40.Tara has 4 notes of ₹50 and 2 notes of ₹20. How many rupees does Tara have?
Answer key
- 60
- Loss
- 20 + 10 + 2
- Aarav
- 350
- 1
- 7
- 12.5
- 600
- 5150
- 847
- 5 kg bag
- 7
- 30
- Yes
- 80
- No PIN to receive money
- 5
- Coin
- 4
- 2
- Shop B
- 24
- 70
- 290
- 7
- Arjun
- 240
- five 10-rupee notes
- 28
- 120
- 12
- 380
- 5075
- 410
- Want
- 2070
- 50-rupee note
- 5
- 240
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids