{"id":447,"date":"2023-11-22T12:35:55","date_gmt":"2023-11-22T12:35:55","guid":{"rendered":"https:\/\/ncfe.org.in\/?page_id=447"},"modified":"2025-01-09T16:43:13","modified_gmt":"2025-01-09T11:13:13","slug":"nflat","status":"publish","type":"page","link":"https:\/\/ncfe.org.in\/nflat\/","title":{"rendered":"NFLAT"},"content":{"rendered":"\t\t
Financial literacy is a core life skill that focuses on knowledge, behaviour and attitude required to make responsible money management decisions. In 2005, the OECD recommended that financial education start as early as possible and be taught in schools.<\/p>
In line with OECD recommendation, National Financial Literacy Assessment Test (NFLAT) conducted by the NCFE, encourages school students of Class VI to XII, to acquire basic financial skills necessary to make informed and effective financial decisions throughout each stage of their lives.<\/p>
NFLAT was launched in the year 2013-14. Globally, it is one of the largest FREE annual financial literacy test for school students.<\/p>
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\u00a0<\/strong><\/p><\/div>\n\t\t\t\t\t\t\t\t\t Students who are financially literate are better equipped to make informed financial decisions, such as how to save and spend their money, how to invest their money, and how to borrow money. This is important because it can help them avoid financial problems in the future. Financial scams<\/strong>\u00a0are on the rise, and students need to be aware of them in order to protect themselves. Financial literacy can help students learn how to identify and avoid financial scams.<\/p> When students know that they will be assessed on their financial knowledge, they are more likely to take the time to learn the concepts and through an assessment test, it encourages students to take the time to learn about financial concepts and develop the skills they need to make informed\u00a0financial decisions.<\/strong><\/p> In line with\u00a0OECD recommendation, National Financial Literacy Assessment Test (NFLAT)<\/strong>\u00a0conducted by the NCFE, encourages school students of Class VI to XII, to acquire basic financial skills necessary to make informed and effective financial decisions throughout each stage of their lives. The questions generally cover the basic concept of Banking, Securities Markets, Insurance and Pension.<\/p> In this regard, we would request you to encourage participation among students. The Financially literate students can educate others about financial literacy, such as their family, friends, and classmates. This can help to\u00a0improve the overall financial literacy of the nation.<\/strong><\/p><\/div>\n\t\t\t\t\t\t\t\t\t Rewards and Recognition<\/strong><\/span><\/p> To encourage students for obtaining basic financial skills, each participating student is awarded an e-certificate, based on their performance.<\/p> The certificate will be of three types<\/strong><\/p> 1.<\/strong> Participation – For all participated student<\/p> 2.<\/strong> Merit – Student who scores above 50% of the total marks<\/p> 3.<\/strong> Outstanding – Student who scores above 85%<\/p> e-gift cards would be given to Winners in both National and Zonal level<\/p> Note<\/strong>: A certificate of Appreciation would also be given to the school coordinator<\/p><\/div>\n\t\t\t\t\t\t\t\t\t Important Dates<\/strong><\/span><\/p> Registration is open<\/span><\/p>Why NFLAT?<\/strong><\/h4>