Dear Respondent,

This questionnaire is used to collect information for a research work on

"Financial Literacy" of individuals. The questionnaire is anonymous and no
individual person will be identified or connected with a particular set of information
or research findings. Information collected through this will strictly be kept
confidential and will not be used for any other purpose.

Your cooperation in completing this questionnaire is greatly appreciated.

SECTION - A : DEMOGRAPHIC INFORMATION

S.No Description Selection

1 Gender 1) Male  2) Female 

2 Age

1) HSC  2) Degree 
3 Education
3) Masters  4) Professional 
1) Single 
4 Marital status
2) Married 
1) Govt sector  2) Private sector
3) Business  4) Professional
5 Occupation
(own practice)
5) Retired 
1) Financial 
6 Work profile
2) Non financial 
7 Monthly income
 SECTION – B

This section aims to study the level of financial literacy.

Please tick (a) in the appropriate column that you think is correct for each of the
questions.

S.No Questions
Financial knowledge varies from person to person. How would you assess
your own financial knowledge?

1) Not at all knowledegable 

8 2) Slightly knowledegable 
3) Somewhat knowledegable 
4) Moderately knowledgeable 
5) Extremely knowledgeable 

S.N Don't
Questions Yes No
o know

If you had Rs 100 in a savings account and the rate of

9 interest is 2% simple interest per year, after 5 years you
would have more than Rs 102.

If you had Rs.100 in a savings account and the

compound interest rate is 20 % per year and you never
10
withdraw money or interest payments, after 5 years, you
would have less than Rs.200.

The increase in the price of goods will reduce buying

11
power

Buying goods on credit will reduce purchasing power in

12
future.

13 Credit card holder can spend without limit.

14 Savings account interest is more than fixed deposit

interest.
Imagine that the interest rate on savings account is 1%
15 per year and inflation is 2% per year, after one year you
would be able to buy more than today with the money in
this account.
S.N Don't
Questions Yes No
o know

Assume a friend inherits Rs 10,000 today and his sibling

16 inherits Rs 10,000 three years from now, in such a case
the friend is richer than his sibling.

The stock market brings people who want to buy stocks

17
together with those who want to sell stocks

If you buy the stock of firm B in the stock market, you

18
own a part of firm B.

Mutual funds can invest in several assets (eg: in both

19
stocks and bonds)

Mutual funds pay a guaranteed rate of return which

20
depends on their past performance.

21 If the interest rate falls, bond prices rise

If you buy a bond / debenture of firm B it means you

22
have lent money to firm B

Buying a company stock usually provides a safer return

23
than a mutual fund

24 Stocks are normally riskier than bonds / debentures

Considering a long time period example 10 years, stocks

25 of good companies normally gives a higher return than
savings account

26 Stock prices fluctuate over time

When an invester spreads his money among different

27
assets, the risk of losing money increases.

The longer the housing loan is due, the higher is the cost
28
of financing it.
 SECTION – C

This section aims to study the financial behaviour of the individiual.

Please tick (a) in the appropriate column that you think suits you best for each of the
questions.
(SA = Strong Agree, A = Agree, N = Neutral, DA = Disagree, SD = Strongly
Disagree)

S.No Questions SA A N DA SD
29 I have set aside emergency fund.
My financial situation is such that it
would cover my expenses for 3 months
30
in case of sickness, job loss, economic
downtown or other emergencies.
In the last 2 years I have asked for
advice from a financial professional
31
about savings or investment or taking a
loan or mortgage.
I usually talk to my friends or peers
32 about money management issues (eg)
taxes, investments, credit cards etc.
It is important to be updated on
financial information from various
33
sources like newspapers, TV, financial
consultants, friends etc.
34 I draft a monthly budget.
I feel I am in control of my financial
35
situation.
I pay my bills (credit card, electricity,
36 rent, loan interest, insurance premium,
etc) on time always.
Before I buy something I always
37 carefully consider whether I can afford
it.
S.No Questions SA A N DA SD
I tend to buy things even when I cant
38
really afford them.
I identify my needs and wants
39
separately.
I set long term financial goals and
40
strive to achieve them always.
41 I save money for the long term.
I plan on substantially increasing my
42
income.
I have started saving for my
43
retirement.
I have an estimate of money I need
44
after retirement.
I am adequately covered by health
45
insurance.
I am satisfied with the amount of
46
money I am saving for retirement.

S.N Some
Questions Always Often Rarely Never
o times
In the past 2 years I have taken
47 out short term loans to cover my
expenses.
I usually do not pay the total
balance due on my credit card
but instead jus make a partial
48
payment. (*please
write NA if you do not have a
credit card)
I have enough money to pay
atleast the minimum payment
49 due on my credit card.
(*please write NA if you do not
have a credit card)
 I have been unable to make a
full payment on a loan,
50
mortgage, phone or other bills in
the last two years.
I do a good job balancing my
51
spending and savings.
I set aside money each month for
52
saving or investment.

SECTION - D

This section aims to study the financial attitude of the individiual.

Please tick (a) in the appropriate column that you think suits you best for each of the
questions.
(SA = Strong Agree, A = Agree, N = Neutral, DA = Disagree, SD = Strongly Disagree)

S.N
Questions SA A N DA SD
o

53 Money is there to be spent.

I find it more satisfying to save for the

54
longterm than to spend money now.

I am confident about my financial

55
decisions

56 It is important to draft a will.

I have the ability to manage my own

57
finances.

Financial services like stocks,

insurance, MF, consumer loans, credit
58
& debit cards etc. are complicated and
confusing to me.

My sources of finances are a

59
significant hassle or worry for me.
 I feel comfortable dealing with
60
financial institutions like banks etc.

I can easily understand fixed and

61
variable interest.

I tend to live for today and let

62
tomorrow take care of itself.

I tend to worry about paying my

63
normal living expenses.

I am not worried about loans (Personal

64
loan, vehicle , housing etc.)

I am uncertain about where my money

65
is spent.

Generally I prefer investments with

little or no fluctuation in value and I
66
am willing to accept lower return
associated with these investments.

If I think an investment is profitable, I

67 am prepared to borrow money to make
this investment.

I want to be certain that my

68
investments are safe

I get more and more convinced that I

69 should take greater financial risks to
improve my financial position

I do not prefer investing in shares

70
because I find this too risky
 SECTION - E

This section aims to study the financial well-being of the individual. Please tick (a) in
the appropriate column that you think suits you best for each of the questions.(SA =
Strong Agree, A = Agree, N = Neutral, DA = Disagree, SD = Strongly Disagree)

S.N
Questions SA A N DA SD
o
71 I am satisfied with my financial status.
I have money left over at the end of the
72
month always
I could handle a major unexpected
73
expense
I have too much loan right now.
74
(Personal loan, vehicle , housing etc.)
75 My finances are out of my control.
My financial situation limits my ability
76
to do things that are important to me.
My income is enough to pay my
77
monthly expenses.
Giving a gift for a wedding, birthday or
78 other occassions would put a strain on
my finances for the month.
I am concerned that the money I have
79
or save wont last.
I can enjoy life because of the way I
80
am managing my money.