CBSE to conduct first national financial literacy test in January 2014

Posted On: 30/11/2013 Updated On:

In a bid to make its students economically more aware and educate them on the current fiscal scenario, the Central Board of Secondary Education in association with National Institute of Securities Markets (NISM), Mumbai is going to hold the National Financial Literacy Test (NFLT). This will be first national-level test to measure the level of financial literacy and basic knowledge among school students.

The test will be conducted for students from Classes VIII to X, across the country. The initiative 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.

NISM is the nodal agency for the implementation of the National Centre for Financial Education (NCFE) in association with the CBSE. It is one step towards better job prospects and improved financial knowledge among the students.

NCFE is a joint initiative of India's financial services regulators Reserve Bank of India (RBI),Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority ( IRDA), Pension Fund Regulatory and Development Authority (PFRDA) and Forward Markets Commission (FMC).The test is scheduled for January 12, 2014 and is a bilingual (Hindi and English) test comprising of 75 questions analyzing the basic concept of finance and business. Registration for the NFLT ends on friday. CBSE chairman Vineet Joshi said: 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 study in this direction and understand economics better."

More News

SVKM Establishes Dedicated SVKM Physiotherapy Clinic managed by NMIMS School of Physiotherapy to Strengthen Accessible Rehabilitation and Preventive Care

SVKM Establishes Dedicated SVKM Physiotherapy Clinic managed by NMIMS School of Physiotherapy to Strengthen Accessible Rehabilitation and Preventive Care Mumbai, September 11, 2026: Recognising the role of physiotherapy in recovery, prevention and l...

Posted On: 11/09/2026

Karnataka NEET UG 2026 Round 2 Option Entry Deadline Extended to September 10

The Karnataka Examinations Authority (KEA) has extended a key counselling deadline. The National Eligibility cum Entrance Test Undergraduate (NEET UG) 2026 Round 2 option entry now closes on September 10, 2026. Candidates can access the portal at&nbs...

Posted On: 09/09/2026

AP EAPCET Phase 3 MPC Counselling 2026 Schedule Released at

The Andhra Pradesh State Council of Higher Education (APSCHE) has released the Andhra Pradesh Engineering Agriculture and Pharmacy Common Entrance Test (AP EAPCET) 2026 Phase 3 counselling schedule for the Mathematics Physics Chemistry (MPC) stream. ...

Posted On: 08/09/2026

JEE Main 2027 Application Form Release Date and Process

JEE Main 2027 application form is expected to be released in October 2026 along with the Session 1 notification. However, the National Testing Agency (NTA) has not announced the official JEE Main 2027 registration dates yet. Based on the 2025 a...

Posted On: 05/09/2026

Telangana NEET UG 2026 Phase 1 Seat Allotment Out

Kaloji Narayana Rao University of Health Sciences (KNRUHS) has issued the allotment. It covers the Telangana NEET UG 2026 Phase 1 MBBS admissions. The allotment is under the Competent Authority Quota (CQ). Students can check the college-wise list at&...

Posted On: 04/09/2026

AP ICET Counselling 2026 Phase 1 Registration and Option Entry Deadline Extended

The Andhra Pradesh State Council of Higher Education (APSCHE) has extended the Andhra Pradesh Integrated Common Entrance Test (AP ICET) 2026 Phase 1 counselling deadline. Candidates can now complete registration, fee payment and web op...

Posted On: 03/09/2026

UPTAC Special Round 2 Seat Allotment 2026 Out

The Dr APJ Abdul Kalam Technical University (AKTU) has released the UPTAC Special Round 2 seat allotment 2026. The result is now live on the official portal. Candidates can view it at uptac.samarth.edu.in after logging in. P...

Posted On: 02/09/2026

JEECUP Round 7 Choice Filling 2026 Begins at jeecup

The Joint Entrance Examination Council Uttar Pradesh (JEECUP) has opened Round 7 choice filling. The window is now live on the official portal at jeecup.admissions.nic.in. This is the Special Round 2 of JEECUP Counselling 2026. All qualified ca...

Posted On: 01/09/2026

APSCHE released AP EAPCET 2026 BIPC and final phase seat allotment

The Andhra Pradesh State Council of Higher Education (APSCHE) has officially released the AP EAMCET (EAPCET) 2026 Phase 1 seat allotment for the BiPC stream on August 28, 2026, following its brief postponement from August 27. Concurrently, the final ...

Posted On: 29/08/2026

NEET UG Round 2 Counselling 2026 Schedule Out; Registration From September 3

The Medical Counselling Committee (MCC) has announced the *NEET UG 2026 Round 2 counselling schedule. Candidates who want to take part in the second round can check the schedule on the official MCC website. The Round 2 registration and fee...

Posted On: 28/08/2026

View all

Admission Open

ICFAI University (IFHE)

Hyderabad, Telangana

BBA, BCA, L.L.B, LLM, B.Arch, B.Sc, BA, MA, EMBA, BA LLB (Hons.), BBA LLB (Hons.), Ph.D in Law, Ph.D, PG Diploma, Ph.D (Economics), B.E / B.Tech, Ph.D

Apply Brochure

Admission Open

IBS Hyderabad

Hyderabad, Telangana

MBA

Apply Brochure

Admission Open

Presidency University, Bangalore

Bangalore, Karnataka

MBA, BBA, MCA, BCA, LLM, B.Com, B.Sc, BA, Bachelor of Design, BBA LLB (Hons.), B.Com.(Hons.), BA LLB (Hons) Integrated, B.Com LL.B. (Hons) integrated, B.E / B.Tech, M.E / M.Tech

Apply Brochure