. Decreased C.MEASURING FINANCIAL LITERACY Understanding of funding


(Please tick the appropriate option)

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1.      Age (in years):

    ¨   18-25

    ¨   26-35

    ¨   36-45

    ¨   45 above

2.      Are you :

    ¨   Literate

    ¨   Illiterate

3.      If literate, what is you educational background?

    ¨   Primary education (1-6th  grade)

    ¨   Secondary education (7th grade- 10th grade)

    ¨   Tertiary education (university /college education)

4.      What type of business are you in?

    ¨   Manufacturing

    ¨   Retail/wholesale

    ¨   Service

    ¨   Agri business

    ¨   Other (please specify) ………………………..

5.      Mode of operation of business

    ¨   Physical

    ¨   Online

    ¨   Both physical and online


6.      How long have you been in business?

    ¨   0-5 years

    ¨   6-10 years

    ¨   11-15 years

    ¨   15-20 years

    ¨   Above 20 years

7.      How many employees do you have?

    ¨   Less than 10 employees

    ¨   11-25 employees

    ¨   26-50 employees

    ¨   51-100 employees

    ¨   Above 100 employees

8.      State your revenue per annum( in rupees)

    ¨   Less than  5,00,000

    ¨   5,00,000-15,00,000

    ¨   16,00,000-30,00,000

    ¨   30,00,000 above

9.      When you started your business what were the main obstacles you faced?(can select multiple options)

    ¨   No obstacles

    ¨   Resistance from family

    ¨    A question of self confidence(believing in your abilities)

    ¨   Financing difficulty

    ¨    Balancing family and work life

    ¨   Lack of information/ Advice on how to start an enterprise

    ¨   Finding right contacts for your business venture

    ¨   Others please specify ————————————————————

10.  State briefly on how did you overcome the obstacles faced?


11.  Is the business positioned financially in a growth mode?

    ¨   Yes

    ¨   No

12.  To what extent has your sales revenue changed in the last five years?

    ¨    Highly Increased

    ¨    Increased

    ¨   Remained Constant

    ¨    Decreased

    ¨    Highly Decreased


Understanding of funding sources and investments

13.  Do you operate a bank account for your business?

    ¨   Yes

    ¨   No

14.  If you need extra finance for your business, are you aware of where you can get it?

    ¨   Yes

    ¨   No

15.  If yes, what is the major source of finance for your enterprise?

    ¨   Commercial banks

    ¨   Venture capitalists

    ¨   Government agencies

    ¨   family

    ¨   Micro finance

    ¨   Other(Please specify)

16.  Are you aware of the requirements of commercial banks in lending money to your business?

    ¨   Yes

    ¨   No

17.  Other than loans, are you able to access other bank products for your business.(credit cards, bill payment service, fixed deposits)

    ¨   Yes

    ¨   No

18.  Do you invest the surplus cash/ retained income of your business?(yes/no).If yes where would u like to invest?

    ¨   Market security

    ¨   Commercial banks

    ¨   Government bonds

    ¨   Chit funds

    ¨   other


Financial planning, budgeting and control


(please select appropriate option by ticking the column)








19.  Do you use a budget to track spending in your business?






20.  Do you compare your financial objectives to your business performance periodically?






21.  Do you prepare a written annual budget of income and expenditure for your business?







 Record keeping


22.  What type of records do you maintain? (can select multiple options)

    ¨   Sales book

    ¨   Purchases book

    ¨   Expenses book

    ¨   Stock book

    ¨   Debtors book

    ¨   Creditors book

    ¨   Cash book

    ¨   None

23.  Are the monthly financial statements prepared( P&L and balance sheet)?

    ¨   Yes

    ¨   No

24.  Do you record the transactions manually or use a computer (excel /software) to record it?

    ¨   Manually

    ¨    Use a Computer

Understanding of business terminology:

25.  Do you understand the following terms?(Tick those options you are aware of)

    ¨   Collateral

    ¨   Taxes

    ¨   Insurance

    ¨   Stock market

    ¨   Credit card

    ¨   Hire purchase

    ¨   Inflation rate

    ¨   Interest rate

    ¨   Exchange rates

    ¨   Assets and liabilities

Risk management

26.  Is your business insured against risk?

    ¨   Yes

    ¨   No

Basic finance related questions-

27.  High inflation means the cost of living is increasing rapidly
    ¨   True
    ¨   False
28.  Time value of money indicates that
    ¨   A unit of money obtained  today is worth more than a unit of money obtained in future
    ¨   A unit of money obtained today is worth less than a unit of money obtained in future
    ¨   There is no difference in the value of money obtained today or tomorrow
    ¨   None of the above.
29.  The return which the company pays on borrowed funds is termed as
    ¨   Dividend
    ¨   Interest
    ¨   Bonus
    ¨   All of the above
30.  Current assets are also referred to as
    ¨   Working capital
    ¨   Investments
    ¨   Inventory
    ¨   Livestock
31.  Suppose you have some money. Is it safer to put your money into one business or investment ,or into multiple businesses or investments?
    ¨   One business or investment
    ¨   Multiple business or investments
    ¨   Don’t know







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