CBSE to conduct test for school students on financial literacy

To make students more aware about finance and educate them on the current fiscal scenario, CBSE, in association with National Institute of Securities Markets (NISM), Mumbai, will hold a 'national financial literacy test' on January 12, 2014.
Aimed at students from classes VIII to X, the test seeks to measure the level of financial literacy and basic knowledge among school students.
It is aimed at encouraging students to obtain basic financial skills and give a measure of financial literacy at the national level.
"This test is the first step to build a nation which not only understands the value of money but also has the right knowledge and skills required for taking responsible financial decisions," said a statement.

NISM is the nodal agency for implementation of the test in association with CBSE.
"It is one step towards better job prospects and improved financial knowledge among the students," the statement added.
The test would be conducted both in Hindi and English comprising 75 questions analysing the basic concept of finance and business.