National Financial literacy Assessment Test (NCFE-NFLAT) 2015

What is National Financial literacy Assessment Test (NCFE-NFLAT) 2015?

We believe financial literacy is an important life skill for the holistic development of each student. NCFE's National Financial Literacy Assessment Test (NCFE-NFLAT) is a step in that direction. This is a first of its kind national level test, conducted by the National Centre for Financial Education (NCFE), to measure the level of financial literacy among school students. Through this test NCFE aims to encourage school students to obtain basic financial skills which are essential for their full participation in society.

Targeted towards school students of Class VIII to X, NCFE-NFLAT would assess their knowledge on topics such as Money, Savings, Banking, Budgeting, Insurance, Investment, Retirement planning, etc. The test is conducted online across the country, both in English and Hindi.

NCFE-NFLAT was launched in the year 2013-14 by the NCFE which is setup as part of NISM, with support from all financial sector regulators i.e. RBI, SEBI, IRDAI, PFRDA and FMC for implementation of the National Strategy for Financial Education (NSFE).

Who can apply for this scholarship ?

NFLAT is open to all students of Class VIII to X enrolled in a school affiliated to any recognized educational boards or trusts in India. Private Coaching Institute and similar entities are not allowed to participate.

How can you apply ?

Registration opens from 01-Sept-2015 and closes on 17-Oct-2015 and is on first come first serve basis. All students will have to register through their schools. No individual student registration would be entertained. Schools are requested to register themselves first and then register their students.

Registration link http://ncfenflat.sifyitest.com/

FAQs

Am I eligible for NFLAT?

NFLAT is open to all students of Class VIII to X enrolled in a school affiliated to any recognized educational boards or trusts in India. Private Coaching Institute and similar entities are not allowed to participate.

What is the procedure for registration?

Registrations open from 1st September, 2015 and will be through schools only. No individual registrations would be entertained. Schools are requested to register themselves first and then register their students. The registration guide with the detailed steps for registration can be downloaded from here.

Are there any lower/ upper limits to the number of registrations from a school?

There are no lower/ upper limits to the number of registrations from a school. However, as there are only limited seats available (Approximately 1 lakh 25 thousand students) registrations will happen on first come first serve basis.

My school does not want to register for the NFLAT, but I am very eager to write the exam. Can I do it on my own? 

Please let us know the complete address of your school along with the phone number and email address. We will send detailed information and brochures to your school so that your school can register you for the exam. For this, you may write to us at nflat@nism.ac.in or call us at 022- 66735100/01/02/03/04/05 (between 09:30 am and 5:30 pm from Monday to Friday).

I have not received my hall ticket. What should I do?

Hall tickets will be made available online and the schools will be informed of this by email. Kindly contact your school authorities.

In which language is NFLAT conducted?

NFLAT is conducted in both English and Hindi. You would be asked to choose the language of your preference at the beginning of the test. Thereafter, questions will appear on the screen in the chosen language. In addition to this, you can also change the language for any question in between the examination as per your convenience.

Can I take any sample test to get a feel of the online testing experience?

Yes. A sample test will be made available on the website shortly. Please visit our website or facebook or twitter page to get updated notification of the same. Besides, we shall also run a quiz like competition daily on our facebook and twitter page starting from 19-Oct-2015 till the exam date. Like us in facebook and follow us in twitter to get notification of the same.

Terms and Conditions

• School registration is mandatory for the student registrations. No direct registration is available for students.
• As there are only limited seats available for this test, these seats will be allotted on first come first served basis. Registration may close early if the available seats are filled early.
• The examination consists of 75 questions to be completed in 1 hour.
• There is no passing mark for this test and all participants will receive a certificate.
• Please note that there is negative marking of 25% for wrongly attempted questions i.e., -0.25 for 1-mark questions, -0.5 
  for 2-marks questions, -0.75 for 3-mark questions, etc.
• The National award winners of last year (NCFE -NFLAT 2014-15) shall not be considered for national & regional Awards in this year's NFLAT (i.e. NCFE-NFLAT 2015-16).
• The Regional award winners of last year (NCFE -NFLAT 2014-15) shall not be considered for regional awards in this year's NFLAT (i.e. NCFE-NFLAT 2015-16) but they would be considered for national awards in this year's NFLAT (i.e. NCFE-NFLAT 2015-16).
• Test would be available in two languages i.e. English & Hindi
• Punctuality in Attendance: You should be present at the examination hall before the time given in the hall ticket/ admit card. Candidates arriving late will not be permitted to enter the Examination Hall.
• Hall ticket/ admit card to be submitted before Test: Bring this hall ticket/ admit card in original with a passport size photo duly pasted & attested by the head of the institution (with school stamp).You will not be permitted to appear for the examination if you do not bring the hall ticket/ admit card as instructed. You should hand over your hall ticket/ admit card to the invigilator in the examination hall
• Compliance with instructions: You should scrupulously follow the instructions given by test administrator and the invigilators at all the stages of the examination. If you violate the instructions you will be disqualified and may also be asked to leave the examination hall.
• Use of Books, Notes and Copying or Receiving/Giving Assistance Not Allowed: No calculator, separate or with watch, pagers, cellphones, books, slide rules, foot rules, note-books or written notes will be allowed inside the examination hall. Any candidate who is found either copying or receiving or giving assistance will be disqualified.
• Do not leave your seat unless you are allowed.
• Use of Stationery: You must bring a ball point pen with you.
• Rough work to be done on the sheet provided: You should do all the necessary rough work on the sheet provided only. After the test is over, you should hand over the sheet, given for rough work to the invigilator before leaving the examination hall.
• Travelling Allowance not admissible: No travelling allowance or other expenses in connection with the examination will be paid.
• The travelling, boarding & lodging expenses for attending the Grand Award Ceremony will be reimbursed to all award winners as per the NCFE norms.
• NCFE’s decision in this regard shall be final and binding on all the participants.

Important Links

• Original website
• Apply online link