This paper is published in Volume-9, Issue-2, 2023
Area
Financial Literacy
Author
Shlok Garodia, Ridhi Saraf, Rishi Kansal, Riya Gupta, Shreya Gupta
Org/Univ
Anil Surendra Modi School of Commerce, Mumbai, Maharashtra, India
Pub. Date
15 April, 2023
Paper ID
V9I2-1179
Publisher
Keywords
Financial Literacy, Financial Awareness, Investment Decisions, Inflation, Interest Rates, Stock Market, Banks, Credit Decisions Reserve Bank of India, GDP, Mutual Funds, Fixed Deposits, Chi-Square, Hypothesis, Likert Scale

Citationsacebook

IEEE
Shlok Garodia, Ridhi Saraf, Rishi Kansal, Riya Gupta, Shreya Gupta. Study on financial literacy and its effects on investment decisions using the Likert scale, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Shlok Garodia, Ridhi Saraf, Rishi Kansal, Riya Gupta, Shreya Gupta (2023). Study on financial literacy and its effects on investment decisions using the Likert scale. International Journal of Advance Research, Ideas and Innovations in Technology, 9(2) www.IJARIIT.com.

MLA
Shlok Garodia, Ridhi Saraf, Rishi Kansal, Riya Gupta, Shreya Gupta. "Study on financial literacy and its effects on investment decisions using the Likert scale." International Journal of Advance Research, Ideas and Innovations in Technology 9.2 (2023). www.IJARIIT.com.

Abstract

Many people seek to educate themselves financially with the goal of saving money and taking advantage of financial products such as easy access to credit, profits gained in favorable circumstances, planning for retirement, and the ease of organizing property or land purchases, among other things. This goal is usually not met or only partly met due to a lack of financial literacy. As a result, we decided to conduct a study into how financially literate the Indian people are and whether financial literacy has anything to do with a person's financial decisions. The purpose of the study was to determine how financial education, financial behavior, financial attitude, and financial awareness affect investment decisions among the residents of Mumbai, India. This study was carried out through sampling, and structured questionnaires were used to acquire primary information.