Financial Literacy scale

[s4shiv...@gmail.com]

Hello Everyone, 

I wanted to know whether there is any questionnaire/ scale for financial literacy other than the OECD scale. The OECD one is too large for me to be including in my research. So any other suggestions might help. Thanks

[Krishna Gupta]

Dear Madam, 

    You may refer to scales developed by Potrich. Kindly find the attached links of the papers. You may also refer to National Financial Literacy and Inclusion Survey (NCFE-FLIS) 2019 Report by visiting  the following link- https://ncfe.org.in/nflis/. This is exclusively in the Indian context.

  Potrich, A. C. G., & Vieira, K. M. (2018). Demystifying financial literacy: a behavioral perspective analysis. Management Research Review, 41(9), 1047–1068. https://doi.org/10.1108/MRR-08-2017-0263 

 Potrich, A. C. G., Vieira, K. M., & Mendes-Da-Silva, W. (2016).Development of a financial literacy model for university students. Management Research Review, 39(3). https://doi.org/10.1108/MRR-06-2014-0143  

Thanks & Regards,

Krishna Gupta

Assistant Professor,

Department of  Banking, Financial Services & Insurance (BFSI)

Graphic Era Hill University, Dehradun, India

Email ID: krishna0...@gmail.com

LinkedIn Profile: https://www.linkedin.com/in/dr-krishna-gupta-978219212

On Sun, Mar 30, 2025 at 5:46 PM s4shiv...@gmail.com <s4shiv...@gmail.com> wrote:

Hello Everyone, 

I wanted to know whether there is any questionnaire/ scale for financial literacy other than the OECD scale. The OECD one is too large for me to be including in my research. So any other suggestions might help. Thanks

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[Ashutosh Singh]

Best option is to go through the literature. check the most cited researches and follow their questionnaire. 

On Sun, Mar 30, 2025 at 5:46 PM s4shiv...@gmail.com <s4shiv...@gmail.com> wrote:

Hello Everyone, 

I wanted to know whether there is any questionnaire/ scale for financial literacy other than the OECD scale. The OECD one is too large for me to be including in my research. So any other suggestions might help. Thanks

--

The members of this group are expected to follow the following Protocols:
1. Please search previous posts in the group before posting the question.
2. Don't write the query in someone's post. Always use the option of New topic for the new question. You can do this by writing to dataanaly...@googlegroups.com
3. It’s better to give a proper subject to your post/query. It'll help others while searching.
4. Never write Open-ended queries. This group intends to help research scholars, NOT TO WORK FOR THEM.
5. Never write words like URGENT in your posts. People will help when they are free.
6. Never upload any information about National Seminars/Conferences. Send such information
in personal emails and feel free to share any RESEARCH-related information.
7. No Happy New Year, Happy Diwali, Happy Holi, Happy Birthday, Happy Anniversary, etc. allowed in this group.
8. Asking or sharing Research Papers is NOT ALLOWED.
9. You can share your questionnaire only once.
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_________________________

Thanks and Regards

Ashutosh Singh

Contact No.-9540110206

[Shameem Memon]

I have designed one but u need to cite me soon it will be out.

On Sun, 30 Mar 2025, 5:46 pm s4shiv...@gmail.com, <s4shiv...@gmail.com> wrote:

Hello Everyone, 

I wanted to know whether there is any questionnaire/ scale for financial literacy other than the OECD scale. The OECD one is too large for me to be including in my research. So any other suggestions might help. Thanks

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[Arjun T.P.]

Dear Madam,

The OECD Financial Literacy Measurement Toolkit is widely used by researchers, particularly in India. However, it is quite comprehensive, covering financial knowledge, financial behaviour, and financial attitude. If financial literacy is not the primary focus of your study and is only one of the exogenous constructs in your model, incorporating the OECD measure may make your questionnaire unnecessarily lengthy. The OECD measure does not solely rely on financial knowledge but also includes financial behaviour and attitude aspects. In contrast, most other measures primarily focus on financial knowledge. If you plan to adopt the OECD measure, you may consider the NCFE's National Financial Literacy and Inclusion Survey (NCFE-FLIS) 2019 Report, which utilized a modified version of the OECD tool tailored to the Indian context. Besides the OECD measure, Prof. Annamaria Lusardi's "Big Three" or "Big Five" financial literacy questions are also widely preferred. However, if you are applying them to the Indian context, it is essential to account for the context and target group of your study. Minor modifications may be necessary to reflect differences in currency and financial instruments. For further reading, please refer to the following article.

https://www.emerald.com/insight/content/doi/10.1108/mf-08-2022-0358/full/html

Regards,

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Arjun T P

Research Scholar

Department of Commerce

School of Commerce and Business Management

Central University of Tamil Nadu (CUTN), India

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[Shivali Veen]

Thank you everyone for your responses.

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Regards

Shivali Veen 

Assistant Professor 

Department of Commerce 

Shaheed Bhagat Singh Evening College 

University of Delhi

[Ajay Pal Singh]

https://www.emerald.com/insight/content/doi/10.1108/ijse-08-2017-0324/full/html

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[Shivali Veen]

Thank you Ajay Pal sir 

Regards

Shivali Veen 

Assistant Professor 

Department of Commerce 

Shaheed Bhagat Singh Evening College 

University of Delhi

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