To assess financial literacy among the school students, Central Board of Secondary Education (CBSE) has joined hands with Mumbai’s National Institute of Securities Markets (NISM), to conduct National Financial Literacy Test (NFLT).
NFLT is going to be held nationwide for students of Classes VIII to X, intended as a first step to build a nation having adequate information to take responsible and sensible financial decisions. It also aims to make students understand the national economy related matters which would instill value of money as well among students, right from the beginning.
So far, more than 3 lakh students have registered for NFLT, which would be taken on January 12, 2014 in both Hindi and English languages as per the student’s choice. The question paper shall ask 75 questions meant to examine the basic knowledge and concepts of finance and business in the students.
Upon this the CBSE chairman, Vineet Joshi said, that It is imperative to enlighten the upcoming generation about the concepts and matters related to economics. Fiscal knowledge has an important role in daily lives and essential decisions rely on accurate knowledge. Hence, NFLT is surely going to assist the children to know about the country’s economics better.
Nodal agency, NISM has associated with CBSE to launch the National Centre for Financial Education, that aspire to offer better job opportunities as well as advance knowledge of finance among the students.