Financial Literacy in Nepal: A Survey Analysis from College Students

Bharat Singh Thapa () and Surendra Raj Nepal ()
Additional contact information
Bharat Singh Thapa: Central Department of Management, Tribhuvan University, Kirtipur, Kathmandu, Nepal
Surendra Raj Nepal: Amrit Campus, Tribhuvan University, Thamel, Kathmandu, Nepal

NRB Economic Review, 2015, vol. 27, issue 1, 49-74

Abstract: This study surveys 436 college students to examine their financial literacy; the impact of demographic, educational and personality characteristics on financial literacy. Mean, ANOVA and logistic regression were used in carrying out analysis. Results show that most of the students have basic level of financial knowledge but they lack in understanding of credit, taxes, share market, financial statement and insurance. Students are highly influenced by their parents at home and they have positive attitude towards savings. The study further identified income, age, stream of education, types of college, and attitude of students as determinants of financial knowledge; and financial knowledge is unaffected by gender, university affiliation, financial behavior and influence. It is concluded that college students have basic level of financial knowledge. However, overall financial knowledge of the students is affected by some of their demographic, educational and personality characteristics.

Keywords: Financial Literacy; Financial Behavior; Influence; Financial Attitude; Financial Knowledge; College Students; Nepal (search for similar items in EconPapers)
JEL-codes: A20 D14 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.nrb.org.np/contents/uploads/2023/01/vol27-1_art4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nrb:journl:v:27:y:2015:i:1:p:49

Access Statistics for this article

More articles in NRB Economic Review from Nepal Rastra Bank, Economic Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Publication Division NRB ().