To make students economically more aware and educate them about the current fiscal scenario, Central Board of Secondary Education in association with National Institute of Securities Markets (NISM), Mumbai, is going to hold National Financial Literacy Test (NFLT). This will be the first national-level test to measure financial literacy among school students.
The test will be conducted across the country for students of Classes VIII to X. It is the first step towards building a nation which not only understands the value of money but also has the right knowledge and skills required for taking responsible financial decisions.
The test is scheduled for January 12, 2014 and will be bilingual (Hindi and English). It will comprise 75 questions which will analyse the basic concepts of finance and business. Over three lakh students have registered for the test.
“It is important to educate the next generation on economics. Fiscal knowledge plays such an important role in our lives that crucial decisions depend on it. This test would help children understand economics better,” said CBSE chairman Vineet Joshi.
NISM is the nodal agency which has set up National Centre for Financial Education in association with CBSE. It helps in providing better job prospects and improving financial knowledge among students.