Friday, 6 October 2017


Financial literacy is an important life skill for the holistic development of each student. NCFE's National Financial Literacy Assessment Test (NCFE-NFLAT) is a step in that direction. This is a first of its kind national level test, conducted by the National Centre for Financial Education (NCFE), to measure the level of financial literacy among school students. Through this test, NCFE aims to encourage the school students to obtain basic financial skills which are essential for their full participation in society and life time of well being.
NCFE-NFLAT was launched in the year 2013-14 by the NCFE which is setup as part of NISM, with support from all financial sector regulators i.e. RBI, SEBI, IRDAI & PFRDA for implementation of the National Strategy for Financial Education (NSFE).


Eligibility:  Class VI to X

Student registration through School only



Approach for NFLAT 2017-18
For 2017-18 the NFLAT shall be conducted for students from 6th to 12th Standard.
a. NFLAT Jr. 2017-18: This test will be conducted for students of 6th to 8th Standard
b. NFLAT 2017-18: This test will be conducted for students of 9th and 10th Standard
c. NFLAT Sr. 2017-18: This test will be conducted for students of 11th and 12th Standard

Offline Test
The Offline Test would be conducted in the pen and paper format only. The respective School has to do the online school registration and the student registrations.

The Schools would be provided the OMR sheets and Question papers for the test (NFLAT Jr., NFLAT and NFLAT Sr.).

Registration Process
1. School Registration - Firstly, the school has to register itself online according to the given ‘Registration Guidelines’.
2. Students’ Registration - Subsequent to the school registration, details of the students interested in the test need to be added/ uploaded by the school.
3. Date and Slot Selection / Enrollment - Finally, the schools need to select the ‘Date and Slot’ on which they intend their students to take the test

Second Round of Competition (Regional and National Rounds)
After the first round of test, NISM/NCFE shall compile the scores of all the appeared candidates for the NFLAT Jr., NFLAT and NFLAT Sr. through suitable moderation, if required, and rank the top 10 Schools (Pair of 2 top students) from each zone (South, East, West, North and Central).


Offline Test
Online Test
Registration opens on
1st May, 2017
1st October, 2017
Registration closes on
30th December, 2017
10th November, 2017
Examination Date
Any dates till 31st December, 2017
12th December, 2017 (1 day)
Final/Grand Event   Second round of Competition and Award Ceremonies
1st April, 2018 to 30th April, 2018
1st April, 2018 to 30th April, 2018

NFLAT Sr. (11th & 12th Standard)
NFLAT (9th & 10th Standard)
NFLAT Jr. (6th to 8th Standard)
No Fee: The test is completely free
No Fee: The test is completely free
No Fee: The test is completely free
Registration: Online
Registration: Online
Registration: Online
Venue:- Respective school as Test Centre
Venue:- Respective school as Test Centre
Venue:- Respective school as Test Centre
Duration of examination: 1 hour
Duration of examination: 1 hour
Duration of examination: 1 hour
Medium of examination:   English only
Medium of examination: English and Hindi
Medium of examination: English and Hindi
Number of Questions: 100
Number of Questions: 75
Number of Questions: 50
Type of questions: Multiple choice of 1-mark each.
Type of questions: Multiple choices with combinations of 1-mark, 2-marks and 3-marks questions.
Type of questions: Multiple choice of 1-mark each.
Negative marking of 25% for wrongly attempted questions i.e., -0.25 for 1-mark questions
Negative marking of 25% for wrongly attempted questions i.e., -0.25 for 1-mark questions, -0.5 for 2-marks questions, -0.75 for 3-mark questions.
No Negative marking for NFLAT Jr.

Please click here for registering for NCFE NFLAT 2017-18.
.
Syllabus
NFLAT would cover the following topics
Money Matters: Smart Goals and Financial Analysis
Budgeting: Balancing the Means and the Ends
Understanding insurance and risk management
Understanding Investments
Basics of Banking
Introduction to Stocks and Bonds
Investments: The wider Spectrum
Beyond Savings: Borrowing
Retirement as a financial goal
Please note the syllabus for the NFLAT & NFLAT Jr. shall remain the same. The difficulty level of the NFLAT & NFLAT Jr. shall vary.

Study Materials
Students can refer the following study materials to prepare for the test.
NFLAT Sr. (Class 11th and 12th) students can refer the following additional study materials also to prepare for the test.
The above materials are for reference only. Students are advised to prepare for the test based on the topics mentioned in the detailed NFLAT syllabus.

Rewards and Recognition
School Regional & National Winners Schools and Nominated Students Awards

School
Student
National Winners
National School Winners (Top 3 Schools) shall be awarded with cash reward of Rs. 35,000 and a Shield/Trophy
National Winner Students (Pair 1+1) of the schools shall be felicitated with Certificates, Medals & Laptops.
Regional Winners
Regional School Winners (Top 3 Schools from each zone) shall be awarded with cash reward of Rs. 25,000 and a Shield/Trophy
Regional Winner Students (Pair 1+1) (Top 3 Schools from each zone) of the schools shall be felicitated with Certificates, Medals & Tablets
Consolation Award
The Students shall be   felicitated with a Certificate and Cash Rewards/Gift vouchers categorized as Certificate of Special Recognition and similarly the schools would be felicitated with Shield
The Students shall be felicitated with a Certificate and Cash Rewards/Gift vouchers categorized as Certificate of Special Recognition and similarly the schools would be felicitated with Shield

The regional school and nominated students winners who wins the national competitions shall receive only National winner awards.

Individual Regional and National Students Winners (NFLAT and NFLAT Jr.)

Individual Regional and National Students Winners (NFLAT and NFLAT Jr.)
National Winners
National Winner shall be felicitated with Certificates, Medals & Laptops.
Regional Winners
Regional Winner (Top 3 Schools from each zone) shall be felicitated with Certificates, Medals &Tablet
The Individual Regional students’winners who wins the national competitions shall receive only National winner awards.


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