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.Tara’s class stall spends ₹250 to make 40 paper bookmarks and sells all of them at ₹5 each. What is the loss (in ₹)?
- 2.Saanvi is making a shopping list. Which of these is a want? (a) toothpaste (b) drinking water (c) a school uniform (d) a fancy phone cover
- 3.Vivaan has ₹480 for return gifts. Each gift costs ₹50. What is the greatest number of gifts Vivaan can buy?
- 4.One kite costs ₹13. A pack of 3 kites costs ₹38. How many rupees do you save by buying the pack instead of 3 single ones?
- 5.Shop A sells a badminton racket for ₹380 with free delivery. Shop B sells it for ₹520 plus ₹50 delivery. How many rupees do you save by buying from the cheaper shop?
- 6.Manav wants a bicycle that costs ₹3000. Manav saves ₹250 every week. How many weeks will it take?
- 7.Which is the same money as one ₹200 note? (a) six 50-rupee notes (b) four 50-rupee notes (c) five 50-rupee notes
- 8.Shop A sells 5 cricket balls for ₹525. Shop B sells 2 cricket balls for ₹200. What does one cricket ball cost at the cheaper shop (in ₹)?
- 9.Shop A sells a school bag for ₹480 with free delivery. Shop B sells it for ₹685 plus ₹50 delivery. How many rupees do you save by buying from the cheaper shop?
- 10.₹41 − ₹35 =
- 11.Shop A sells 3 cricket balls for ₹435. Shop B sells 4 cricket balls for ₹440. Which shop is cheaper for one cricket ball? (a) Shop B (b) Shop A
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12.Price list: pencil ₹4, crayon box ₹40, balloon ₹5, ice candy ₹14.
Tara has ₹20 and buys an ice candy. How many rupees are left? - 13.Which is the smallest amount: ₹59, ₹48 or ₹36? (a) 59 rupees (b) 48 rupees (c) 36 rupees
- 14.For Vivaan, is “a new party dress” a need or a want? (a) Need (b) Want
- 15.Diya has one ₹2 piece of money. Is it a coin or a note? (a) Coin (b) Note
- 16.Riya deposits ₹500 saved in a piggy bank. In the passbook, is this a credit or a debit? (a) Credit (b) Debit
- 17.A raincoat costs ₹540. The shop gives 50% off. How many rupees is the discount?
- 18.2 cricket balls cost ₹220. What does one cricket ball cost (in ₹)?
- 19.Diya has ₹1. A banana costs ₹5. Does Diya have enough money to buy it? (a) No (b) Yes
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20.Price list: kite ₹13, juice box ₹25, eraser ₹2, samosa ₹14.
How many rupees more does a juice box cost than an eraser? -
21.Sneha’s passbook:
Opening balance: ₹3100
Debit: ₹50
Credit: ₹400
Credit: ₹300
Debit: ₹50
What is the closing balance (in ₹)? - 22.A stall pays ₹18 for each plate of bhel and sells each one for ₹23. It sells 28 plates of bhel. What is the total profit (in ₹)?
- 23.A paint box costs ₹44. Meera has ₹20 and ₹2. How many more rupees does Meera need?
- 24.Kabir saves ₹50 every week for 6 weeks, then buys a gift for Mum for ₹90. How many rupees are left?
- 25.Sneha is making a shopping list. Which of these is a want? (a) school shoes (b) a raincoat (c) a third cricket bat (d) notebooks for school
- 26.Tara has 4 notes of ₹50, 1 note of ₹20 and 2 coins of ₹5. How many rupees does Tara have?
- 27.How many ₹10 notes make a ₹20 coin?
- 28.₹100 + ₹1 + ₹? = ₹106
- 29.A toy train costs ₹360. The shop gives 20% off. What is the sale price (in ₹)?
- 30.There are 37 children in a class. Each child needs one mango at ₹20. What is the total cost (in ₹)?
- 31.1100 paise is how many rupees? =
- 32.17 children go on a school trip to the fort. The bus costs ₹90 for each child and the ticket costs ₹15 for each child. What is the total cost (in ₹)?
- 33.Tara buys a samosa (₹20), a pair of socks (₹65), a football (₹360) and a storybook (₹90). What is the total (in ₹)?
- 34.Shop A sells a lunch box for ₹165 with free delivery. Shop B sells it for ₹200 plus ₹70 delivery. How many rupees do you save by buying from the cheaper shop?
- 35.₹490 + ₹330 =
- 36.What is the smallest number of coins and notes that make ₹11?
- 37.Meera keeps ₹300 in a bank at 10% simple interest per year. How many rupees of interest does it earn in 3 years?
- 38.After 25% off, a school bag costs ₹555. What was the price before the sale (in ₹)?
- 39.The bill for a school bag and a football is ₹1065. A school bag costs ₹790. What does the football cost (in ₹)?
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40.Aditya’s passbook:
Opening balance: ₹3200
Credit (money in): ₹250
Debit (money out): ₹?
Closing balance: ₹1650
How many rupees was the debit?
Answer key
- 50
- a fancy phone cover
- 9
- 1
- 190
- 12
- four 50-rupee notes
- 100
- 255
- 6
- Shop B
- 6
- 36 rupees
- Want
- Coin
- Credit
- 270
- 110
- No
- 23
- 3700
- 140
- 22
- 210
- a third cricket bat
- 230
- 2
- 5
- 288
- 740
- 11
- 1785
- 535
- 105
- 820
- 2
- 90
- 740
- 275
- 1800
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids