Financial Literacy Workshop

On 25th November, 2015 a special workshop was conducted for the students of classes 8 to 10 as a build-up to the upcoming National Financial Literacy Assessment Test ( NFLAT) to be held on 28th November,2015. The session was conducted by Karvy Private Wealth Ltd. They named the session the ArthikGyan Learning Program. The duration of the session was 5 hours, in which several topics related to financial literacy were discussed. The ten topics discussed in the session were:

-Money Matters: We were taught how to deal with money and were told about assets and liabilities. -Saving: This included cash flow statements (the record of ones expenditure and income). -Banking: Different types of bank accounts were discussed- Savings and Current Accounts. -Insurance: Its basic principle is transfer of risk and peace of mind. -Understanding Investments: Investments are the instruments that help in the growth of money. -Stocks and Bonds: We were told about the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange) -Investment Options: Investment options were compared to highlight their features. -Borrowing -Financial Planning -Retirement Planning

In order to make the session more interesting and to familiarise students with lingo relating to stock markets, the students were made to participate in a quiz. They were divided into two teams namely, the Bulls ( these were the brokers who expect the stock market to go up) and the Bears ( these were the brokers who expect the stock market to go down). The questions were related to the above topics. Some examples:

Q1. Which is the largest private sector bank in terms of market capitalisation? - Ans) ICICI Bank Q2. The market that shows downward movement is- Ans) Bear Phase Q3. Retail Banks are financial banks that serve - Ans) Customers.

By the end of the session, students were acquainted with terms relating to financial matters and in better stead to appear for the upcoming National Financial Literacy Assessment Test.

Pratischtha Kain, class IX.