National Level Financial Literacy Quiz will be conducted by NCFE from February 8, 2021 to February 12, 2021 as a part of Financial Literacy week 2021 celebration

The Quiz is open for school students of Class VI to XII in 3 separate categories:

1. Junior

• For Class 6 to 8 students.

2. Mid

• For Class 9 and 10 students.

3.Senior

• For Class 11 and 12 students.

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Registration is closed

To complete the registration Students are required to

1. Enter Valid Email Id Multiple registration will be considered as invalid. OTP will be sent to email id for verification

2. Enter Valid Phone Number OTP will be sent to validate mobile number

3. Confirmation of Registration After successful registration a confirmation email will be sent to given email id

4. Take the Quiz: Students are required to login for the quiz using registered mobile number .

Quiz Registration will be open from February 2, 2021 to February 12, 2021, 4 PM

Limited seats only. Participation is on first-come, first-serve basis.

Online Quiz compatible to both PC & Mobile

•    The Quiz is of 15 minutes duration with 30 questions
•    The Quiz will be held from February 8, 2021 to February 12, 2021
•    The Quiz is available in English language only
•    The Quiz is available Only in online mode(Compatible to both PC & Mobile).
•    The Quiz is available between 9:00 am to 11:59 pm.

For all the 3 categories of the Quiz(Junior, Mid and Senior) the syllabus will remain the same. However, the level of difficulty will vary according to the Category. The Quiz syllabus covers the following modules:

1. Money Matters – Income, Expenditure and Budgeting

2. Banking – Deposits, Credit and Payments

3. Insurance – Risk and Reward

4. Investment – Stocks, Bonds and Mutual Funds

5. Pension – Retirement Planning

6. Financial Inclusion – Government Schemes

7. Taxation – Income Tax and GST

8. Consumer Protection – Scams, Frauds and Role of Regulators

9. Digital Financial Services like BHIM, RUPAY, NEFT etc.

Given below are a list of downloadable study materials which may help the students prepare for the Quiz. Students are encouraged to go through other study materials available in our website (https://www.ncfe.org.in/downloads) ||(https://www.ncfe.org.in/how-to)or any from other source. We also advise students to watch our Financial Education Video Series

• Pocket Money Workbook - English | Hindi
• Financial Education for School Children - English | Hindi
• Introduction to Retirement Planning by PFRDA - English
• Personal Finance for School Students by NCERT - English
• Basics of Banking by RBI - English
• Introduction to Insurance by IRDAI - English
• Basics of Goods and Services Tax by CBIC - English
• Capacity Building for Financial Literacy Programmes by RBI - English

Click here for the Quiz result

Top three performers (National & Zonal level) of each category will be awarded exciting prizes

The participated Students will also be given a "Certificate of Participation"

The top three Performers will be awarded Prizes at the National level and four Zonal levels Such as North, South, West and East.

Q. What is Financial Literacy?

Ans: Financial literacy is possession of sound financial knowledge and skills that empowers an individual to make informed financial decisions and take effective actions regarding their personal money management.  

Q. Why is Financial Literacy necessary?

Ans: As our society and economy evolves, we have to deal with more complex financial products and services. Adding to this complexity are technological developments which has brought massive changes in financial transactions and consumer behaviour. Financial literacy can make a difference by equipping individuals with knowledge, attitude and behaviour to build a secured financial future for themselves and ultimately reach financial freedom.

Q. Why Financial Literacy in schools?

Ans: Financial literacy is as much about knowledge and skills as it is about behaviour and attitude. What better place to change the mindset about money of our future citizens than at schools? If our children do not have the basic financial skills, the poor financial decisions they will make later in life will have a lasting impact on their financial future.

Q. Is not Financial Literacy a topic for commerce students?

Ans: Most of us may not need to remember what E stands for in E= mc2 on a daily basis? But one thing is for sure, we all need to know how to handle our money wisely. So Financial Literacy is a topic for all, because no matter what you study (Arts, Science, Commerce, etc.) and what you become (Banker, Doctor, Engineer, Teacher, etc), you will have to deal with money on a daily basis.

Q. Who can participate in the Quiz ?

Ans: Any student studying in Class 6 to 12 in a school recognized by any of the Central or State Educations Boards in India is eligible to participate in the Quiz.

Q. Is online registration mandatory?

Ans: Yes, registration is available only in online mode.

Phone – 022 68265 102 (Monday to Friday between 9:30 am and 5:30 pm)

Email flquiz@ncfe.org.in