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.For Nisha, is “school shoes” a need or a want? (a) Want (b) Need
- 2.Aditya’s class stall spends ₹505 to make 33 paper bookmarks and sells all of them at ₹15 each. Is it a profit or a loss? (a) No profit, no loss (b) Profit (c) Loss
- 3.₹400 earns 8% simple interest per year. In how many years will the interest be ₹32?
- 4.Ishaan makes 3 greeting cards an hour and sells each one for ₹25. How many rupees can Ishaan earn from 1 hour of work?
- 5.Arjun has 5 coins of ₹1. Karan has 9 notes of ₹50. Who has more money? (a) Karan (b) Arjun
- 6.Nisha has ₹620 for return gifts. Each gift costs ₹20. What is the greatest number of gifts Nisha can buy?
- 7.Aarav gets ₹150 from a relative by bank transfer. In the passbook, is this a credit or a debit? (a) Credit (b) Debit
- 8.Shop A sells 2 geometry boxes for ₹290. Shop B sells 6 geometry boxes for ₹780. Which shop is cheaper for one geometry box? (a) Shop B (b) Shop A
- 9.Which is worth more: a ₹5 coin or a ₹2 coin? (a) 2-rupee coin (b) 5-rupee coin
- 10.A toy train costs ₹740. The shop gives 50% off. How many rupees is the discount?
- 11.A day trip costs ₹4800 in all. 8 friends share the cost equally. How much does each friend pay (in ₹)?
- 12.₹28 + ₹13 + ₹11 =
- 13.Rohan had ₹17. Rohan spent ₹10 on a biscuit packet. How many rupees are left?
- 14.Kavya buys an ice candy for ₹11 and a banana for ₹6, and pays ₹50. How much change does Kavya get (in ₹)?
- 15.Which is the smallest amount: ₹99, ₹90 or ₹71? (a) 99 rupees (b) 71 rupees (c) 90 rupees
- 16.A school bag costs ₹760. The shop gives 25% off. How many rupees is the discount?
- 17.Meera gets ₹90 a week, spends ₹25 each week and saves the rest. How many rupees has Meera saved after 6 weeks?
- 18.Farhan sees that ₹5000 was sent to a wrong number by mistake. What should Farhan do first? (a) Keep it a secret (b) Tell a parent at once (c) Pay again to fix it
- 19.Riya has 1 note of ₹200 and 2 notes of ₹50. How many rupees does Riya have?
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20.Meera’s shop bill:
1 badminton racket at ₹490
2 water bottles at ₹215 each
1 school bag at ₹540
What is the total bill (in ₹)? - 21.39 children go on a school trip to the science park. The bus costs ₹90 for each child and the ticket costs ₹15 for each child. What is the total cost (in ₹)?
- 22.Arjun’s class stall spends ₹220 to make 18 greeting cards and sells all of them at ₹10 each. What is the loss (in ₹)?
- 23.Priya keeps ₹1100 in a bank at 10% simple interest per year. How much money will there be after 3 years (in ₹)?
- 24.Which is worth more: a ₹2 coin or a ₹10 coin? (a) 2-rupee coin (b) 10-rupee coin
- 25.Dev is making a shopping list. Which of these is a need? (a) a new party dress (b) a warm blanket (c) a sticker album (d) a remote-control car
- 26.Sneha has ₹1100. In a piggy bank it stays ₹1100. In a bank at 3% simple interest per year, how many rupees more will Sneha have after 3 years?
- 27.A jigsaw puzzle costs ₹49. Aarav has ₹5 and ₹10. How many more rupees does Aarav need?
- 28.Rahul has 3 notes of ₹200 and 5 notes of ₹50. How many rupees does Rahul have?
- 29.Joseph is making a shopping list. Which of these is a need? (a) a remote-control car (b) a glitter pen set (c) sweets every day (d) a raincoat
- 30.Count up to find the change from ₹200: ₹17 + ₹? = ₹200
- 31.Gurpreet has 2 coins of ₹1 and 4 coins of ₹5. How many rupees does Gurpreet have?
- 32.₹200 earns 8% simple interest per year. In how many years will the interest be ₹32?
- 33.Rahul buys a plate of idli for ₹40 and pays with a ₹100 note. How much change does Rahul get (in ₹)?
- 34.₹94 − ₹82 =
- 35.Ananya has ₹360 for return gifts. Each gift costs ₹20. What is the greatest number of gifts Ananya can buy?
- 36.A family plans ₹6000 for the month. 40% of it is for food. How many rupees is that?
- 37.₹2 + ₹100 + ₹? = ₹112
- 38.Priya buys 3 plates of idli at ₹40 each and pays with a ₹200 note. How much change does Priya get (in ₹)?
- 39.Aarav has 6 coins of ₹5. Manav has 6 coins of ₹2. How many more rupees does Aarav have?
- 40.Gurpreet gets ₹29 every day. How many rupees is that in one week (7 days)?
Answer key
- Need
- Loss
- 1
- 75
- Karan
- 31
- Credit
- Shop B
- 5-rupee coin
- 370
- 600
- 52
- 7
- 33
- 71 rupees
- 190
- 390
- Tell a parent at once
- 300
- 1460
- 4095
- 40
- 1430
- 10-rupee coin
- a warm blanket
- 99
- 34
- 850
- a raincoat
- 183
- 22
- 2
- 60
- 12
- 18
- 2400
- 10
- 80
- 18
- 203
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids