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.Aarav buys 2 bananas at ₹8 each and pays ₹20. How much change does Aarav get (in ₹)?
- 2.Diya wants to save ₹600 for a storybook set in 15 weeks, the same amount each week. How many rupees must Diya save each week?
- 3.Rahul gets ₹15 every day. How many rupees is that in one week (7 days)?
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4.Tara’s passbook:
Opening balance: ₹4800
Debit: ₹350
Credit: ₹400
Credit: ₹200
Debit: ₹350
What is the total of all the debits (in ₹)? - 5.Ananya buys an eraser for ₹2 and a banana for ₹6, and pays ₹50. How much change does Ananya get (in ₹)?
- 6.Zoya has one ₹500 piece of money. Is it a coin or a note? (a) Note (b) Coin
- 7.A family plans ₹29000 for the month. 30% of it is for food. How many rupees is that?
- 8.Shop A sells a cricket ball for ₹100 with free delivery. Shop B sells it for ₹130 plus ₹20 delivery. How many rupees do you save by buying from the cheaper shop?
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9.Ishaan’s passbook:
Opening balance: ₹3900
Debit: ₹500
Credit: ₹50
Credit: ₹100
Debit: ₹450
What is the closing balance (in ₹)? - 10.What do 4 water bottles at ₹190 each and 2 samosas at ₹14 each cost in all (in ₹)?
- 11.Rahul has ₹350 for return gifts. Each gift costs ₹20. What is the greatest number of gifts Rahul can buy?
- 12.Aditya has one ₹100 piece of money. Is it a coin or a note? (a) Note (b) Coin
- 13.A sharpener costs ₹9. Ananya pays ₹50. How much change does Ananya get (in ₹)?
- 14.One football costs ₹390. How much do 4 footballs cost (in ₹)?
- 15.Gurpreet has ₹8. A biscuit packet costs ₹12. Does Gurpreet have enough money to buy it? (a) Yes (b) No
- 16.Joseph has ₹300. In a piggy bank it stays ₹300. In a bank at 2% simple interest per year, how many rupees more will Joseph have after 5 years?
- 17.Vivaan gets ₹6 every day. How many rupees is that in one week (7 days)?
- 18.Riya gets ₹24 every day. How many rupees is that in one week (7 days)?
- 19.Lakshmi’s father is sending ₹1000 to a friend by UPI. What should he check before he pays? (a) The name and amount (b) Only the phone colour (c) Nothing at all
- 20.Count up to find the change from ₹100: ₹97 + ₹? = ₹100
- 21.Lakshmi wants a football that costs ₹380, has ₹130 already and saves ₹20 every week. In how many weeks will Lakshmi have enough?
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22.Price list: kite ₹10, glue stick ₹17, sticker sheet ₹5, pencil ₹8.
Which item costs the least? (a) sticker sheet (b) kite (c) pencil (d) glue stick - 23.Lakshmi gets ₹40 a week, spends ₹20 each week and saves the rest. How many rupees has Lakshmi saved after 6 weeks?
- 24.Kabir has 1 note of ₹200 and 3 notes of ₹10. How many rupees does Kabir have?
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25.Riya’s passbook:
Opening balance: ₹2600
Credit (money in): ₹50
Debit (money out): ₹750
What is the balance now (in ₹)? - 26.Rohan sells 17 plates of bhel at ₹20 each. How many rupees does Rohan get?
- 27.Gurpreet keeps ₹1600 in a bank at 4% simple interest per year. How much money will there be after 2 years (in ₹)?
- 28.A study lamp costs ₹800. Offer 1: 10% off. Offer 2: ₹240 off. Which offer saves more money? (a) Offer 1 (b) Offer 2
- 29.A 5 kg bag of wheat flour costs ₹245. A 1 kg bag costs ₹48. Which bag is cheaper per kg? (a) 5 kg bag (b) 1 kg bag
- 30.Diya has ₹300 for a picnic. Food costs ₹80 and tickets cost ₹260. Is ₹300 enough? (a) No (b) Yes
- 31.Rahul has 3 coins of ₹5 and 5 coins of ₹1. How many rupees does Rahul have?
- 32.Aditya got ₹650 in 10 weeks, the same amount every week. How many rupees is that each week?
- 33.Lakshmi has ₹1100. In a piggy bank it stays ₹1100. In a bank at 6% simple interest per year, how many rupees more will Lakshmi have after 2 years?
- 34.Gurpreet has ₹400. First Gurpreet pays for needs: a lunch box (₹90) and a school uniform (₹120). How many rupees are left for wants?
- 35.₹570 − ₹280 =
- 36.A stall pays ₹4 for each friendship band and sells each one for ₹5. It sells 10 friendship bands. What is the total profit (in ₹)?
- 37.Aarav has 4 notes of ₹100. Ishaan has 6 notes of ₹10. How many more rupees does Aarav have?
- 38.₹23 + ₹46 =
- 39.Vivaan keeps ₹800 in a bank at 5% simple interest per year. How many rupees of interest does it earn in 3 years?
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40.Lakshmi’s passbook:
Opening balance: ₹2200
Credit: ₹350
Debit: ₹350
Credit: ₹400
Debit: ₹100
What is the closing balance (in ₹)?
Answer key
- 4
- 40
- 105
- 700
- 42
- Note
- 8700
- 50
- 3100
- 788
- 17
- Note
- 41
- 1560
- No
- 30
- 42
- 168
- The name and amount
- 3
- 13
- sticker sheet
- 120
- 230
- 1900
- 340
- 1728
- Offer 2
- 1 kg bag
- No
- 20
- 65
- 132
- 190
- 290
- 10
- 340
- 69
- 120
- 2500
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