Open AccessTO STUDY ON THE LEVEL OF FINANCIAL LITERACY ACCORDING TO DIFFERENT ECONOMIC CLASSES IN BARDOLI REGION
Author(s) -
KARINA PATEL,
NISHA TOLLAWALA
Publication year - 2022
Publication title -
indian scientific journal of research in engineering and management
Language(s) - English
Resource type - Journals
ISSN - 2582-3930
DOI - 10.55041/ijsrem12106
Subject(s) - financial literacy , likert scale , sample (material) , test (biology) , debt , finance , financial institution , financial analysis , business , economics , psychology , paleontology , developmental psychology , chemistry , chromatography , biology
The contemporary study tries to measure financial literacy according to the different economic classes in bardoli region. The study also intended to find a bond amongst demographic and socio-economic factors through financial literacy. To resolute the financial study, the data were collected through a structured questionnaire. The research reveals that there is a good level of knowledge about investment avenues amongst investors in bardoli region rendering to different economic classes. A sample of 100 respondents was taken to research the level of financial literacy among the different economic classes in the nearby bardoli region. The data was scrutinised through SPSS software. In the questionnaire, there were general knowledge questions to identify the level of financial literacy of an individual and Likert scale type questions were comprised. The Test applied in data analysis were Frequency & percentage analysis, One-Sample Test, Other non-parametric tests like Mann- Whitney U & Kruskal- Wallis H Test. Keywords: financial literacy, demographic and socio-economic factors, unmanageable debt burdens, housing foreclosure, Financial Institution, Financial Adviser and personal finance.