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 is making a shopping list. Which of these is a need? (a) extra comic books (b) a third cricket bat (c) a school uniform (d) a video game
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2.Manav’s passbook:
Opening balance: ₹1300
Credit (money in): ₹950
Debit (money out): ₹?
Closing balance: ₹1300
How many rupees was the debit? - 3.Zoya has 6 notes of ₹10. How many rupees does Zoya have?
- 4.Nisha has 3 notes of ₹50. How many rupees does Nisha have?
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5.Tara’s shop bill:
1 lunch box at ₹175
1 pen at ₹20
1 cricket ball at ₹105
What is the total bill (in ₹)? - 6.Ananya spends ₹120 to start a stall and sells each cupcake for ₹5. What is the smallest number Ananya must sell to get back the ₹120?
- 7.Gurpreet has 8 coins of ₹1. How many rupees does Gurpreet have?
- 8.₹33 + ₹46 =
- 9.5 storybooks cost ₹1000. How much do 8 storybooks cost (in ₹)?
- 10.Lakshmi buys 4 sharpeners at ₹8 each and pays ₹50. How much change does Lakshmi get (in ₹)?
- 11.Arjun has ₹40 in a piggy bank. Dadi gives Arjun ₹19 more. How many rupees does Arjun have now?
- 12.Aditya has 9 coins of ₹20. How many rupees does Aditya have?
- 13.Shop A sells a school bag for ₹685 with free delivery. Shop B sells it for ₹590 plus ₹20 delivery. Which shop is cheaper in total? (a) Shop A (b) Shop B
- 14.How many coins of ₹2 does Aditya need to make ₹14?
- 15.What is the smallest number of coins and notes that make ₹160?
- 16.Tara’s class stall spends ₹960 to make 32 clay diyas and sells all of them at ₹30 each. Is it a profit or a loss? (a) Profit (b) No profit, no loss (c) Loss
- 17.What do 5 pens at ₹12 each and 4 geometry boxes at ₹150 each cost in all (in ₹)?
- 18.One pen costs ₹12. How much do 2 pens cost (in ₹)?
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19.Price list: balloon ₹9, notebook ₹35, eraser ₹5, kite ₹24.
Rahul has ₹100 and buys a kite. How many rupees are left? - 20.Isha wants a cricket bat that costs ₹900. Isha saves ₹20 every week. How many weeks will it take?
- 21.Diya’s piggy bank has 2 coins of ₹20, 5 coins of ₹2 and 3 coins of ₹1. How many rupees are in it?
- 22.Rohan has 7 coins of ₹2. Kabir has 6 notes of ₹50. Who has more money? (a) Rohan (b) Kabir
- 23.Rahul has ₹300 for a picnic. Food costs ₹130 and tickets cost ₹130. Is ₹300 enough? (a) No (b) Yes
- 24.One colour pencil set costs ₹65. How much do 9 colour pencil sets cost (in ₹)?
- 25.Karan has a budget of ₹1500 for a birthday party. The balloons cost ₹340, the juice cost ₹40 and the decorations cost ₹310. How many rupees are left?
- 26.Shop A sells 4 notebooks for ₹220. Shop B sells 3 notebooks for ₹135. Which shop is cheaper for one notebook? (a) Shop B (b) Shop A
- 27.Ananya has 2 notes of ₹20. Arjun has 9 coins of ₹5. Who has more money? (a) Arjun (b) Ananya
- 28.₹78 + ₹21 =
- 29.A water bottle costs ₹940. The shop gives 25% off. How many rupees is the discount?
- 30.Shop A sells a T-shirt for ₹390 with free delivery. Shop B sells it for ₹240 plus ₹70 delivery. Which shop is cheaper in total? (a) Shop A (b) Shop B
- 31.A samosa costs ₹15. Isha pays ₹20. How much change does Isha get (in ₹)?
- 32.A ruler costs ₹8 and a pencil costs ₹3. How many rupees more does the ruler cost?
- 33.Meera has 5 coins of ₹1 and 5 coins of ₹5. How many rupees does Meera have?
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34.Saanvi’s passbook:
Opening balance: ₹4400
Debit: ₹200
Credit: ₹500
Debit: ₹200
Credit: ₹100
What is the closing balance (in ₹)? - 35.Priya has one ₹50 piece of money. Is it a coin or a note? (a) Coin (b) Note
- 36.Shop A sells 6 samosas for ₹78. Shop B sells 4 samosas for ₹72. Which shop is cheaper for one samosa? (a) Shop A (b) Shop B
- 37.Nisha gets a call: “I am from the bank. Tell me the OTP sent to your phone.” What should Nisha do? (a) Send it by message (b) Read the OTP out (c) Never share the OTP
- 38.Shop A sells a water bottle for ₹200 with free delivery. Shop B sells it for ₹130 plus ₹30 delivery. How many rupees do you save by buying from the cheaper shop?
- 39.Rohan’s father is sending ₹5000 to a friend by UPI. What should he check before he pays? (a) The name and amount (b) Nothing at all (c) Only the phone colour
- 40.Lakshmi’s class stall spends ₹830 to make 30 greeting cards and sells all of them at ₹25 each. What is the loss (in ₹)?
Answer key
- a school uniform
- 950
- 60
- 150
- 300
- 24
- 8
- 79
- 1600
- 18
- 59
- 180
- Shop B
- 7
- 3
- No profit, no loss
- 660
- 24
- 76
- 45
- 53
- Kabir
- Yes
- 585
- 810
- Shop B
- Arjun
- 99
- 235
- Shop B
- 5
- 5
- 30
- 4600
- Note
- Shop A
- Never share the OTP
- 40
- The name and amount
- 80
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids