Get summaries, questions, answers, textbook solutions, pdf, extras etc. of (Nagaland Board) NBSE Class 10 Financial Literacy syllabus. These solutions, however, should be only treated as references and can be modified/changed. Please select the chapter and proceed.
|Chapter 1: Savings and Investments|
|Chapter 2: Modern day Banking|
|Chapter 3: Loans & Borrowing|
|Chapter 4: Insurance|
|Chapter 5: Basics of Economics|
|Chapter 6: Mutual Fund|
|Chapter 7: Financial Markets|
About Financial Literacy and the syllabus
Financial literacy has become a compulsory subject in many countries, starting at the primary school level. The Financial Literacy Programme is designed to provide students with a comprehensive and inclusive financial education. This program aims to teach students about savings and investments, modern day banking, loans and borrowings, insurance, and investment options in mutual funds and securities markets. With the rise in disposable income, it is crucial for young individuals to understand the importance of savings, investments, and responsible financial management.
Savings and Investments: Understanding the concept of savings and investments is essential for financial planning. The time value of money and systematic investment plans (SIP) are important concepts that enable students to make informed decisions about their finances.
Modern Day Banking: The banking system in India has evolved rapidly, with new concepts and functionalities being introduced regularly. Students need to understand the advantages of banking and learn how to navigate various banking services, including electronic banking and fund transfers.
Loans and Borrowings: As the cost of higher education increases, many students rely on loans to fund their studies. It is vital for students to understand the different types of loans available, the application process, and the documentation involved.
Insurance: Insurance plays a crucial role in protecting assets and securing financial stability. Students must be familiar with the principles of insurance and the various types of coverage available.
Mutual Funds and Financial Markets: With Indian investors increasingly exploring alternative investment options, it is essential for students to learn about mutual funds, bonds, shares, and other financial market instruments. This knowledge will enable them to make informed investment decisions and manage their financial resources effectively.
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