An estimate of awareness skill level in financial instruments among management students

The financial literacy is the requisite for development and growth of the economy. The pedagogy for the delivery of financial knowledge in Indian management schools is both with e-technology and traditional methods. The financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.The awareness of financial instruments and skill to invest in these instruments is awareness skill. The study is designed to estimate the awareness skill level of financial instrument of management students'. The research design formulated for the study is descriptive with a sample of 131(10 percent of the sample) drawn randomly from students of post graduate level pursing professional management courses. The schedule with 24 items is administered and the results are analyzed with percentages and ANOVA. The first null hypothesis of low awareness skill is accepted and other two null hypotheses are rejected. There is a significant variation of awareness skill level of financial instruments with focus on gender and specialization. The awareness skill level is confined to fixed deposits and recurring deposits.