Literature in Finance a case study of Southern Telangana Service and Business Class People | Original Article

ABSTRACT:

When it comes to making smart investments, financial literacy is a mix of awareness, knowledge, skill, attitude, as well as conduct. In other words, financial literacy is the acquaintance with the most fundamental economic principles essential for making reasonable saving and investing choices. For this work, we are interested in finding out how well service and business class persons understand financial concepts. It has been shown that persons in the service and business classes have an average degree of financial knowledge based on a semi-structured questionnaire.The financial literacy of SLIIT's business students is examined in this research. The study's goal was to find out how well business students are prepared financially and whether or not the educational system is doing its part to assist them do so. Fifty completed questionnaires were approved for analysis after they were used to gather data. Using the mean marks of correct responses from the sample, the survey participants were divided into two sub-groups. Undergraduates typically get a GPA of 3.60. Categorical characteristics such as gender, advanced level stream, specialist areas, as well as other accounting and finance-related professional and academic skills, may be used to assess a person's financial literacy level. Business management students have a poor to medium degree of financial literacy based on the findings of this study. It is imperative that the institution provide additional courses and seminars on financial concerns to assist students better manage their own financial problems.