NISM asks school students to participate in financial literacy test

National Institute of Securities Market (NISM), set up by markets regulator SEBI, has invited all school students to participate in the financial literacy assessment test that will be conducted in November.

All school students from classes VIII to X have been invited to participate in the National Financial Literacy Assessment Test (2015-16) being conducted on November 28-29, SEBI said in a statement.

The registration, which started on September 1, would be accepted only through schools.

NISM has been established by the Securities and Exchange Board of India (SEBI) to conduct academic programmes and certification examinations for financial education.

NISM has set up National Centre for Financial Education (NCFE) with the support of all the financial sector regulators including SEBI, RBI, IRDAI and PFRDA is mandated to implement the government’s National Strategy on Financial Education.

Through this programme, NCFE plans to motivate school students to learn the concepts of finance and also measure their financial awareness so that they inculcate an important life skill at an early age leading to sound financial decisions later.