It is a matter of great pride and elation that 37 students from classes VIII to X of our School have been awarded Merit Certificates for securing All India Top Fifty Percentile in National Financial Literacy Assessment Test (NCFE-NFLAT) organised by the National Institute of Securities' Market (NISM) on 6th and 7th December, 2014. The online test of 60 minutes' duration contained approximately 75 questions on topics related to the basics of finance such as Money, Savings, Banking, Budgeting, Insurance, Investment, Retirement Planning, etc. A first of its kind, this test sought to measure the level of financial literacy among school students as it is an important life-skill for the holistic development of each student. Through this test NCFE aims to encourage school students to obtain basic financial skills which are essential for their full participation in society. The National Institute of Securities' Markets (NISM), an educational initiative of SEBI has been identified as the nodal agency for the 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.
Ms. Navreet Shergill.
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