Essay On Financial Literacy

1.1 FINANCIAL LITERACY Financial Literacy can be defined as one’s understanding and knowledge on financial matters, as the way how people manage their money in terms of saving, investing, insuring, and operating various financial transactions. Financial literacy is the understanding and knowledge of basic financial concepts and the ability to use them to plan and mange their financial decisions. Financial literacy is the ability to understand how money works in the world, how someone manages to earn or make it, how that person manages it, how he/she invests it. Financial literacy is mainly used in connection with personal finance areas like real estate, insurance, investing, saving tax planning and retirement. It also involves

In this college here they give bachelor degree of science, arts and also commerce stream. Here they will give AHSEC of board SEBA. In higher secondary and degree level the result of Biswanath College is very good than other college. This college also gives facility some of the other course that are B.Ed. Degree and also they have facility to idol distance courses and KKHSOU distance course. Here also some other curricular activities are such as NCC facility, Tea husbandry facility gymnasium facility and other sports such as cricket, table tennis and other sports activity. The library facility and computer facility are also very good than much more colleges in Assam. Here education facility is very strict and classroom are very well condition.

Showing the total students respondent of Commerce Arts and Science:-

The size of sample in the Biswanath College is 175. The observations made are presented in Table No 4.1. It can be seen that 35% students have 100% financial knowledge where as 33% have 80% financial knowledge, 15% students have 60% financial knowledge and 17% students have 40% of financial knowledge.

Table No 4.1

Total students of Commerce, Arts and Science

Financial Knowledge No. of Respondents

Percentage of respondents

100%