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- Title
A Study of Financial Literacy Level in Greater Noida.
- Authors
Sharma, Bhavna
- Abstract
Financial literacy is the ability to understand how money works in the world, how someone manages to earn or make it, how that person manages it, how he/she invests it. Financial literacy is the ability to use knowledge and skills to manage financial resources effectively for a lifetime of a financial well-being. It means the ability to understand how to take an informed as well as judicious decision with regards to all the financial activities. It is not just about markets and investing, but also about saving, budgeting, financial planning, basics of banking and most importantly, about being financially smart. (http://shodhganga.inflibnet.ac.in/) Financially literate individuals can make effective use of financial products and services; will not get cheated by people selling financial products not suited for them. Financial literacy aids in improving the quality of financial services and contribute to economic growth and development of a country. RBI has developed various strategies and adopted programmes to develop a smooth process of financial literacy. Financial literacy is the need of the hour for a rapidly developing nation like India since it assures inclusive growth and sustainable prosperity. This paper studies the financial literacy level of people in Greater Noida.
- Subjects
NOIDA (India); FINANCIAL literacy; FINANCIAL planning; FINANCIAL instruments; RESERVE Bank of India; ECONOMIC development
- Publication
International Journal of Business & Engineering Research, 2019, p1
- ISSN
0975-0479
- Publication type
Article