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.Ishaan keeps ₹400 in a bank at 8% simple interest per year. How much money will there be after 1 year (in ₹)?
- 2.Nisha spends ₹250 of ₹500 pocket money on books. What percent is that?
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3.Price list: sticker sheet ₹9, sharpener ₹7, glue stick ₹15, kite ₹21.
Which item costs the most? (a) sharpener (b) sticker sheet (c) glue stick (d) kite - 4.Diya keeps ₹900 in a bank. After 2 years the simple interest is ₹72. What is the rate of interest per year (in %)?
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5.Kavya’s passbook:
Opening balance: ₹4600
Credit (money in): ₹250
Debit (money out): ₹?
Closing balance: ₹4750
How many rupees was the debit? - 6.Tara buys a banana for ₹4 and a kite for ₹12. How many rupees does Tara spend in all?
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7.Kabir’s passbook:
Opening balance: ₹2600
Debit: ₹300
Debit: ₹150
Debit: ₹50
Credit: ₹450
What is the total of all the credits (in ₹)? - 8.A glue stick costs ₹16. Pooja pays ₹20. How much change does Pooja get (in ₹)?
- 9.Dev’s class stall spends ₹90 to make 36 greeting cards and sells all of them at ₹5 each. What is the profit (in ₹)?
- 10.Meera has ₹260 for return gifts. Each gift costs ₹15. What is the greatest number of gifts Meera can buy?
- 11.A family plans ₹17000 for the month. 30% of it is for rent. How many rupees is that?
- 12.One juice box costs ₹25. A pack of 3 juice boxes costs ₹73. How many rupees do you save by buying the pack instead of 3 single ones?
- 13.Rahul spends ₹180 to start a stall and sells each greeting card for ₹30. What is the smallest number Rahul must sell to get back the ₹180?
- 14.Sneha saves ₹40 every week for 4 weeks, then buys a wristwatch for ₹60. How many rupees are left?
- 15.Meera has ₹36. A crayon box costs ₹40. Does Meera have enough money to buy it? (a) Yes (b) No
- 16.2 friends run a stall selling plates of bhel and make a profit of ₹660. They share it equally. How many rupees does each friend get?
- 17.Farhan withdraws ₹1150 at the bank counter. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
- 18.One school bag costs ₹510. How much do 9 school bags cost (in ₹)?
- 19.Manav has ₹31 in a piggy bank. Dada gives Manav ₹34 more. How many rupees does Manav have now?
- 20.Manav keeps ₹1400 in a bank at 4% simple interest per year. How much money will there be after 5 years (in ₹)?
- 21.Aarav buys a badminton racket (₹555), a mango (₹25), a plate of idli (₹30) and a school bag (₹665). What is the total (in ₹)?
- 22.Saanvi buys a pen for ₹24 and a notebook for ₹40, and pays with a ₹500 note. How much change does Saanvi get (in ₹)?
- 23.How many ₹10 notes make a ₹20 coin?
- 24.What do 5 mangoes at ₹35 each and 2 cricket balls at ₹105 each cost in all (in ₹)?
- 25.Which is worth more: a ₹10 note or a ₹20 coin? (a) 20-rupee coin (b) 10-rupee note
- 26.How many notes of ₹100 make ₹300?
- 27.Priya has 4 notes of ₹100. Ishaan has 3 coins of ₹5. Who has less money? (a) Priya (b) Ishaan
- 28.Kavya has ₹19 in a piggy bank. Nana gives Kavya ₹7 more. How many rupees does Kavya have now?
- 29.Manav has ₹700. In a piggy bank it stays ₹700. In a bank at 4% simple interest per year, how many rupees more will Manav have after 3 years?
- 30.Gurpreet’s mother scans a shop’s QR code to pay ₹500. What should she check before she pays? (a) Nothing, just pay (b) The name of the shop (c) The colour of the code
- 31.A family plans ₹32000 for the month. 50% of it is for rent. How many rupees is that?
- 32.A 2 kg bag of onions costs ₹96. A 10 kg bag costs ₹310. Which bag is cheaper per kg? (a) 2 kg bag (b) 10 kg bag
- 33.Dev has 1 note of ₹100, 3 notes of ₹10 and 2 coins of ₹5. How many rupees does Dev have?
- 34.What do 4 cricket balls at ₹145 each and 5 pairs of socks at ₹90 each cost in all (in ₹)?
- 35.Joseph has ₹500 for a picnic. Food costs ₹60 and tickets cost ₹480. Is ₹500 enough? (a) No (b) Yes
- 36.Karan has 4 notes of ₹200 and 1 note of ₹20. How many rupees does Karan have?
- 37.One geometry box costs ₹100. How much do 2 geometry boxes cost (in ₹)?
- 38.Meera gets ₹800 from a relative by bank transfer. In the passbook, is this a credit or a debit? (a) Debit (b) Credit
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39.Priya’s passbook:
Opening balance: ₹3700
Credit (money in): ₹1000
Debit (money out): ₹2150
What is the balance now (in ₹)? - 40.A biscuit packet costs ₹19. Arjun pays ₹50. How much change does Arjun get (in ₹)?
Answer key
- 432
- 50
- kite
- 4
- 100
- 16
- 450
- 4
- 90
- 17
- 5100
- 2
- 6
- 100
- No
- 330
- Debit
- 4590
- 65
- 1680
- 1275
- 436
- 2
- 385
- 20-rupee coin
- 3
- Ishaan
- 26
- 84
- The name of the shop
- 16000
- 10 kg bag
- 140
- 1030
- No
- 820
- 200
- Credit
- 2550
- 31
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