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NCFE National Financial Literacy Assessment Test (NCFE-NFLAT)

Deadline: Deadline: Always Open07-Nov-2014

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AwardLaptops, Tablets, Cash Prizes, Certificates
EligibilityClass 8, 9, 10
RegionNo Region
Scholarship provider contact details

NISM Bhavan, Plot No. 82, Sector - 17, Vashi, Navi Mumbai - 400 703 Maharashtra, India 022- 66735100/01/02/03/04/05 nflat@nism.ac.in

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

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, IRDA, PFRDA and FMC for implementation of the National Strategy for Financial Education (NSFE).

Important Dates

Registration Opens: 7th October 2014 
Registration Closes: 7th November 2014 
Test Date: 6th & 7th December 2014 
Result Declaration: 19th December 2014

Test Specifications

  • No Fee: The test is completely free
  • Registration: Online & on first come first serve basis
  • Venue: 250+ test centers across India
  • Duration of examination: 1 hour
  • Medium of examination: English and Hindi
  • Number of Questions: 75
  • Type of questions: Multiple choices with combinations of 1-mark, 2-marks and 3-marks questions.
  • 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.

Who can apply for this scholarship ?

NFLAT would cover the following topics

  • Money Matters: Smart Goals and Financial Analysis
  • Budgeting: Balancing the Means and the Ends
  • Understanding insurance and risk management
  • Understanding Investments
  • Basics of Banking
  • Introduction to Stocks and Bonds
  • Investments: The wider Spectrum
  • Beyond Savings: Borrowing
  • Retirement as a financial goal

How can you apply ?

For Students

Medal, Laptop and Certificate of Accomplishment

Top 5 students at national level

Medal, Tablet and Certificate of Accomplishment

Top 15 students from all regions (North, South, East, West and Central) i.e. Top 3 students from each region, after excluding the national level winners

Rs. 2000/- and Special Recognition Certificate

Top 100 students at national level after excluding the 20 national and regional level winners

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