meet two criteria. Firstly, be a student of KCM. Finally, they must have taken or be takinga finance course.Nature and sources of dataThe research has used both primary and secondary data for the purposes of this study. The present data is based only on primary data for the analysis. Primary data are the data that are collected first hand through methods like direct interview; questionnaire etc. It is the data that has been collected specially for the purpose in mind. It means someone collected the data from the original source first hand. We used online questionnaire to collect data from the students. We have referred to various other articles and research journals for the background of this study. Secondary data refers to data which is collected by someone who is someone other than the user. Common sources of secondary data for social science include censuses, information collected by government departments, organizational records and data that was originally collected for other research purposes. The study is focused on gender, student status and financial literacy.
FINANCIAL LITERACY27Statistical tools usedIBM SPSS statistics 20 was used for the analysis. The data were analyzed by using mean, median, standard deviation, minimum, maximum and regression. The hypotheses were tested at 95% confidence level.Descriptive statisticsA descriptive statistic is a summary statistic that quantitative describes or summarizes features of a collection of information. It has been used in this study to find the frequency, percentage etc. Additionally, we have calculated mean, median, skewedness, kurtosis, standard deviation of the given variables.Independent samples t-test:Independent sample t-test is used to compare the mean of two independent groupsin order to determine whether there is statistical evidence that the associated population means are significantly different. We have used this tool to find the difference in mean between male and female students on their level of financial literacy.Chi-Square Test: The chi-squared test is used to determine whether there is association between difference between the expected frequencies and the observed frequencies in one or more categories. We have used the test is to evaluate how likely the observations that are made would be, assuming the null hypothesis is true.
FINANCIAL LITERACY28Definition of VariablesThe study focuses on the factors that affects the level of financial literacy among college students. Further, attempt is also made to measure that which part among the various is more crucial to determine the level of financial literacy. In order to service these aims, we have taken following variables. In this study financial literacy is taken as dependent variable whereas gender, education level and financial attitude are used as independent variables.