A STUDY OF FINANCIAL LITERACY AMONG THE COMMERCE STUDENTS OF UNIVERSITY OF DELHI

The importance of economic literacy among teenagers in India, a country distinguished by its young population, is immense. Given the growing number of young people, it is essential to ensure that students have sufficient financial knowledge and abilities. This is not just an educational requirement, but also a strategic necessity for the country's economic growth and stability. This study investigates the level of financial literacy among Delhi University students in order to assess their awareness, knowledge, and application of financial concepts. The assessment of the students’ financial literacy encompasses various factors, including their possession of a bank account, their preferred mode of conducting transactions, and their participation in their family's financial decision-making. The study concludes that the majority of the respondents exhibit a considerable degree of financial literacy. Moreover, the students have a comprehensive understanding of digital payment methods..

               

KEYWORDS: Financial Literacy, Financial Knowledge, University Students, Unified Payment Interface.


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