National Centre for Financial Education (NCFE) invites all school students from Class VIII to X to participate in the NCFE- National Financial Literacy Assessment Test (NCFE-NFLAT) being conducted on 6th and 7th December 2014.
National Institute of Securities Markets (NISM) an educational initiative of SEBI has been identified as the nodal agency for implementation of the National Strategy for Financial Education. In this regard, NISM has set up the National Centre for Financial Education (NCFE) with the support of all the financial sector regulators i.e. 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), to further the cause of financial literacy and inclusion in India.
Registration Closes : Nov 7th, 2014
Test Date : Dec 6 and 7th, 2014
Result Declaration : Dec 19th, 2014
NCFE-NFLAT is one such step in this direction. Targeted towards students of Classes VIII to X, this test aims to encourage school students to obtain basic financial skills which are critical to their holistic development. Registration for NCFE-NFLAT 2014-15 started from 7th October 2014 and will be accepted only through schools. No individual registration would be entertained. For details regarding ‘how to register’ visit www.ncfeindia.org. The test is free of cost and registration is on first come first serve basis.
The test would be conducted online with duration of 60 minutes, containing approximately 75 questions. It would be in both English & Hindi and would include topics related to basics of finance. Interested schools can register or know more about this test at www.ncfeindia.org.
-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.
For Students Awards:
Medal, Laptop and Certificate of Accomplishment Top 5 students at national levelMedal, 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.
Merit Certificate Top 50% of all students participating in the test.
Certificate of Participation All the remaining students participating in the test
Rs. 25000/- and a Trophy/ Shield Top 25 schools based on highest number of student participation (not registration) in the test
Rs. 25000/- and a Trophy/ Shield Top 5 schools who will have highest number of students in the top 50% (Merit Certificate category)
call 022- 66735100/01/02/03/04/05