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    Value Added Course

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    krishna Kapur

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    © All Rights Reserved
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    Value Added Course

    Uploaded by

    krishna Kapur
    20 views13 pages

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    VALUE ADDED COURSE

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views13 pages

    Value Added Course

    Uploaded by

    krishna Kapur

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 13

    VALUE ADDED

    COURSE

    FINANCIAL LITERACY
    PRACTICAL FILE

    NAME- KRISHNA KAPUR


    ROLL NO.- 11136
    COURSE - B.A. PROGRAMME (HISTORY +
    POLITICAL SCIENCE)
    SECTION - C
    Q.1 What is financial literacy?
    Ans. Financial literacy is the ability to understand
    and effectively use various financial skills,
    including personal financial
    management, budgeting, and investing. The
    meaning of financial literacy is the foundation
    of your relationship with money, and it is a
    lifelong journey of learning. The earlier you
    start, the better off you will be because
    education is the key to success when it comes
    to money.
    Financial literacy also requires the experience
    of financial principles and concepts, such as
    financial planning, compound
    interest, debt management,
    efficient investment strategies, and money-
    time value. Financial illiteracy can lead to poor
    financial choices which can have negative
    effects on an individual's financial well-being.
    The key steps to improve financial
    literacy include: - Learning the skills to create
    a budget - Ability to track expenses - Learning
    the strategies to pay off debt - Planning for
    retirement effectively
    Such measures can also include financial
    specialist counselling. Educating about
    finances involves understanding how money
    works, developing and achieving financial
    goals, and handling internal and external
    financial challenges.
    Q.2 WHY DO WE NEED FINANCIAL
    LITERACY?
    Ans. Financial literacy is defined by five broad
    principles. While other models may list different key
    components, the overarching goal of financial
    literacy is to teach people how to earn, spend, save,
    borrow, and protect their money. Financial literacy
    focuses on the capacity to properly manage one’s
    personal finances, which necessitates experience in
    making sensible financial decisions including
    savings, insurance, real estate, college payments,
    budgeting, retirement, and tax preparation.
    • People that are financially literate are better
    prepared for emergencies. People can prepare
    for the unpredictable by learning about
    financial literacy issues like saving or
    emergency planning. Despite the fact that
    facing a financial emergency like losing a job
    or incurring a sizable unforeseen bill is always
    difficult, one can lessen the impact by
    practising financial literacy beforehand and
    being prepared for anything.
    • A person’s goals may be more easily attained
    with financial literacy. People can make plans
    that set expectations, keep them accountable for
    their finances, and chart a road for
    accomplishing goals that first appear
    unattainable by improving their grasp of how to
    budget and save money. Even if a person’s
    ambition cannot be realised right away due to
    financial constraints, they can always devise a
    plan to improve their chances.
    • Financial literacy inspires confidence. Consider
    making a life-altering decision without all of
    the necessary information. Individuals with
    adequate financial knowledge can approach
    major life decisions with greater confidence,
    knowing that they are less likely to be surprised
    or negatively impacted by unforeseen
    outcomes.
    SURVEY ON
    FINANCE
    ITR FORM 2023
    PORTFOLIO OF
    Rs.10,00,000

    COMPANY PRICE QUANTITY INVESTMENT


    1. Rs.2593 46 Rs.1,19,278

    2. Rs.2426 50 Rs.1,21,300
    3. Rs.7583 16 Rs.1,21,328

    4. Rs.3122 38 Rs.1,18,636

    5. Rs.3526 34 Rs.1,19,884

    6. Rs.1553 77 Rs.1,19,581

    7. Rs.3645 33 Rs.1,20,285

    8. Rs.2406 50 Rs.1,20,200

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