A STUDY ON FINANCIAL AWARENESS, ATTITUDE AND BEHAVIOR OF STUDENTS

Abstract

The ‘Organization for Economic Co-operation and Development (OECD) has defined Financial Education as’“The process by which financial investors/consumers improve their understanding of financial products, concepts and risks, and through information, instruction and/or objective advice, develop the skills and confidence to become more aware of financial risks and opportunities, to make informed choices, to know where to go for help, and to take other effective actions to improve their financial well-being”. The OECD, International Network on Financial Education, INFE in the year, 2011 defined financial literacy as ‘as 'A combination of awareness, knowledge, skill, attitude, and behaviour necessary to make sound financial decisions and ultimately achieve individual financial well-being'.