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.Shop A sells a lunch box for ₹185 with free delivery. Shop B sells it for ₹270 plus ₹30 delivery. How many rupees do you save by buying from the cheaper shop?
- 2.Farhan has ₹550. First Farhan pays for needs: a school uniform (₹130) and a raincoat (₹180). How many rupees are left for wants?
- 3.₹? + ₹10 + ₹50 = ₹65
- 4.Joseph has 6 coins of ₹20 and 4 coins of ₹1. How many rupees does Joseph have?
- 5.Meera has 4 coins of ₹5 and 3 coins of ₹10. How many rupees does Meera have?
- 6.Karan buys a pencil for ₹8 and an ice candy for ₹11, and pays ₹50. How much change does Karan get (in ₹)?
- 7.A 5 kg bag of onions costs ₹145. A 2 kg bag costs ₹72. Which bag is cheaper per kg? (a) 5 kg bag (b) 2 kg bag
- 8.Farhan has 3 coins of ₹2. Aarav has 9 coins of ₹5. Who has less money? (a) Farhan (b) Aarav
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9.Ananya’s passbook:
Opening balance: ₹1600
Credit (money in): ₹800
Debit (money out): ₹?
Closing balance: ₹1900
How many rupees was the debit? - 10.Arjun’s father is sending ₹1000 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
- 11.Farhan spends ₹190 on things to make 41 paper bookmarks and sells them all at ₹5 each. How many rupees does Farhan earn after paying the costs?
- 12.A toy train costs ₹140. The shop gives 25% off. What is the sale price (in ₹)?
- 13.Aditya spends ₹200 of ₹1000 pocket money on books. What percent is that?
- 14.There are 13 children in a class. Each child needs one notebook at ₹30. What is the total cost (in ₹)?
- 15.Aarav’s class stall spends ₹525 to make 35 cupcakes and sells all of them at ₹15 each. Is it a profit or a loss? (a) No profit, no loss (b) Loss (c) Profit
- 16.Count up to find the change from ₹100: ₹60 + ₹? = ₹100
- 17.For Joseph, is “a school uniform” a need or a want? (a) Want (b) Need
- 18.Aditya has 4 coins of ₹2. Farhan has 5 coins of ₹5. Who has more money? (a) Farhan (b) Aditya
- 19.Gurpreet gets ₹40 a week, spends ₹15 each week and saves the rest. How many rupees has Gurpreet saved after 4 weeks?
- 20.Shop A sells a water bottle for ₹235 with free delivery. Shop B sells it for ₹180 plus ₹40 delivery. How many rupees do you save by buying from the cheaper shop?
- 21.Zoya has 4 notes of ₹100, 1 note of ₹20 and 5 coins of ₹5. How many rupees does Zoya have?
- 22.Aditya has 2 coins of ₹5 and 2 coins of ₹1. How many rupees does Aditya have?
- 23.What is the smallest number of coins and notes that make ₹40?
- 24.The bill for 3 colour pencil sets and a water bottle is ₹455. A colour pencil set costs ₹80. What does the water bottle cost (in ₹)?
- 25.Shop A sells 4 notebooks for ₹200. Shop B sells 6 notebooks for ₹270. Which shop is cheaper for one notebook? (a) Shop B (b) Shop A
- 26.A stall pays ₹5 for each paper bookmark and sells each one for ₹6. It sells 23 paper bookmarks. What is the total profit (in ₹)?
- 27.Isha wants a board game that costs ₹540. Isha saves ₹60 every week. How many weeks will it take?
- 28.Of a ₹46000 monthly budget, 20% goes on school fees and 25% on food. The rest is saved. How many rupees are saved?
- 29.Sneha buys an ice candy for ₹10 and a sharpener for ₹5. How many rupees does Sneha spend in all?
- 30.Shop A sells 2 cricket balls for ₹260. Shop B sells 4 cricket balls for ₹420. What does one cricket ball cost at the cheaper shop (in ₹)?
- 31.Zoya got ₹500 in 5 weeks, the same amount every week. How many rupees is that each week?
- 32.Meera keeps ₹1100 in a bank at 10% simple interest per year. How many rupees of interest does it earn in 1 year?
- 33.Arjun has 3 coins of ₹20 and 6 coins of ₹10. How many rupees does Arjun have?
- 34.Rahul’s class stall spends ₹350 to make 30 friendship bands and sells all of them at ₹15 each. What is the profit (in ₹)?
- 35.Which is the same money as one ₹100 note? (a) four 50-rupee notes (b) three 50-rupee notes (c) two 50-rupee notes
- 36.Priya wants to save ₹4800 for a bicycle in 12 weeks, the same amount each week. How many rupees must Priya save each week?
- 37.Lakshmi gets ₹300 pocket money every month. How many rupees is that in one year (12 months)?
- 38.Meera’s class stall spends ₹680 to make 36 cupcakes and sells all of them at ₹30 each. What is the profit (in ₹)?
- 39.Ishaan has ₹300 for a picnic. Food costs ₹140 and tickets cost ₹60. Is ₹300 enough? (a) Yes (b) No
- 40.Zoya buys 2 toffees at ₹3 each and pays ₹20. How much change does Zoya get (in ₹)?
Answer key
- 115
- 240
- 5
- 124
- 50
- 31
- 5 kg bag
- Farhan
- 500
- The name and amount
- 15
- 105
- 20
- 390
- No profit, no loss
- 40
- Need
- Farhan
- 100
- 15
- 445
- 12
- 2
- 215
- Shop B
- 23
- 9
- 25300
- 15
- 105
- 100
- 110
- 120
- 100
- two 50-rupee notes
- 400
- 3600
- 400
- Yes
- 14
Free money maths lessons, practice and worksheets at talentjr.in/money-for-kids