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.Rahul sells 44 paper bookmarks at ₹20 each. How many rupees does Rahul get?
- 2.For Kavya, is “medicine when ill” a need or a want? (a) Need (b) Want
- 3.Aditya has 6 coins of ₹10 and 4 coins of ₹5. How many rupees does Aditya have?
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4.Lakshmi’s passbook:
Opening balance: ₹3200
Debit: ₹500
Credit: ₹300
Debit: ₹500
Credit: ₹300
What is the closing balance (in ₹)? - 5.Nisha has ₹37. A notebook costs ₹35. Does Nisha have enough money to buy it? (a) No (b) Yes
- 6.Rohan’s class stall spends ₹915 to make 33 cups of lemonade and sells all of them at ₹25 each. What is the loss (in ₹)?
- 7.Ananya has 5 coins of ₹2 and 2 coins of ₹5. How many rupees does Ananya have?
- 8.A board game costs ₹380. Offer 1: 20% off. Offer 2: ₹150 off. Which offer saves more money? (a) Offer 1 (b) Offer 2
- 9.Riya is making a shopping list. Which of these is a want? (a) milk (b) school shoes (c) drinking water (d) a fancy phone cover
- 10.Which is worth more: a ₹50 note or a ₹2 coin? (a) 50-rupee note (b) 2-rupee coin
- 11.Diya’s mother has ₹1200 in her bank account. She pays ₹300 for fruit and ₹80 for school books by UPI. How many rupees are left in the account?
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12.Riya’s passbook:
Opening balance: ₹2400
Credit: ₹300
Debit: ₹500
Credit: ₹500
Debit: ₹100
What is the total of all the credits (in ₹)? - 13.Shop A sells 5 cricket balls for ₹550. Shop B sells 2 cricket balls for ₹210. Which shop is cheaper for one cricket ball? (a) Shop B (b) Shop A
- 14.Which coins and notes make exactly ₹160? (a) 50 + 10 + 10 (b) 50 + 20 + 10 (c) 100 + 50 + 10
- 15.Tara’s piggy bank has 5 coins of ₹10, 4 coins of ₹5 and 2 coins of ₹2. How many rupees are in it?
- 16.One toffee costs ₹3.50. How many rupees do 6 toffees cost? =
- 17.Joseph keeps ₹700 in a bank at 6% simple interest per year. How much money will there be after 2 years (in ₹)?
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18.Price list: crayon box ₹45, ruler ₹11, sharpener ₹5, sticker sheet ₹8.
Rohan has ₹100 and buys a sharpener. How many rupees are left? - 19.Saanvi got ₹560 in 7 weeks, the same amount every week. How many rupees is that each week?
- 20.Arjun keeps ₹1000 in a bank at 9% simple interest per year. How many rupees of interest does it earn in 2 years?
- 21.Riya buys a banana for ₹4 and an ice candy for ₹12, and pays ₹50. How much change does Riya get (in ₹)?
- 22.One badminton racket costs ₹485. How much do 8 badminton rackets cost (in ₹)?
- 23.For Pooja, is “a new party dress” a need or a want? (a) Want (b) Need
- 24.₹38 + ₹29 + ₹19 =
- 25.Kavya keeps ₹200 in a bank. After 1 year the simple interest is ₹16. What is the rate of interest per year (in %)?
- 26.An eraser costs ₹4 and a banana costs ₹5. How many rupees more does the banana cost?
- 27.Isha’s class stall spends ₹660 to make 35 paper bookmarks and sells all of them at ₹20 each. What is the profit (in ₹)?
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28.Price list: juice box ₹20, banana ₹6, eraser ₹5, notebook ₹45.
How many rupees more does a banana cost than an eraser? - 29.Which is worth more: a ₹5 coin or a ₹50 note? (a) 5-rupee coin (b) 50-rupee note
- 30.A 2 kg bag of potatoes costs ₹44. A 1 kg bag costs ₹40. Which bag is cheaper per kg? (a) 1 kg bag (b) 2 kg bag
- 31.Of a ₹28000 monthly budget, 5% goes on rent and 50% on clothes. The rest is saved. How many rupees are saved?
- 32.Saanvi got ₹100 in 5 weeks, the same amount every week. How many rupees is that each week?
- 33.Which coins and notes make exactly ₹130? (a) 100 + 100 + 10 (b) 100 + 20 + 2 (c) 100 + 20 + 10
- 34.How many notebooks can you buy with ₹440 if one costs ₹40?
- 35.Priya’s mother has ₹2400 in her bank account. She pays ₹360 for a gas cylinder and ₹330 for medicines by UPI. How many rupees are left in the account?
- 36.Meera has ₹52 in a piggy bank. Nana gives Meera ₹18 more. How many rupees does Meera have now?
- 37.Farhan has 5 coins of ₹10 and 2 coins of ₹1. How many rupees does Farhan have?
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38.Ananya’s passbook:
Opening balance: ₹2800
Debit: ₹450
Credit: ₹500
Credit: ₹350
Debit: ₹150
What is the closing balance (in ₹)? - 39.Rohan’s class stall spends ₹1010 to make 33 plates of bhel and sells all of them at ₹30 each. What is the loss (in ₹)?
- 40.Saanvi keeps ₹100 in a bank at 9% simple interest per year. How many rupees of interest does it earn in 3 years?
Answer key
- 880
- Need
- 80
- 2800
- Yes
- 90
- 20
- Offer 2
- a fancy phone cover
- 50-rupee note
- 820
- 800
- Shop B
- 100 + 50 + 10
- 74
- 21
- 784
- 95
- 80
- 180
- 34
- 3880
- Want
- 86
- 8
- 1
- 40
- 1
- 50-rupee note
- 2 kg bag
- 12600
- 20
- 100 + 20 + 10
- 11
- 1710
- 70
- 52
- 3050
- 20
- 27
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids