14 Appendix
14 Appendix
Dear respondents,
I, Annu pursuing PhD on “A Study of Impact of Financial Literacy on Investment
Behaviour of Academicians in the State of Haryana”. You are requested to spare your
valuable time to fill this questionnaire as your responses are very important for this
study. I assure you that information provided by you will be kept confidential and
used for academic purpose only.
Section – A
Demographic details
1. Name: ____________
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12. Marital status: ☐Unmarried ☐ Married ☐ Separated/
divorced
Section – B
Financial literacy
Financial knowledge is some basic knowledge of key financial concepts and the
ability to apply numeracy skills in financial situations. Please answer the following
questions on the basis of your understanding.
1. Suppose you have `100 in a saving account and rate of interest is 2% p.a. with
simple interest rate method. How much amount you would have after 5 years?
☐More than `102 ☐less than `102 ☐Exactly `102 ☐Don’t Know
2. Suppose you have ` 100 in a saving account and rate of interest is 20% p.a.
Under compounding interest, how much would you have in this account in
total after 5 years?
☐More than `200 ☐less than `200 ☐Exactly `200 ☐ Don’t Know
3. Imagine that the interest rate on your saving account was 1% per year and
inflation was 2% per year. After 1 year how much would you be able to buy
with the money in this account?
☐More than today ☐less than today ☐Exactly today ☐ Don’t Know
4. Assume a friend inherits `10000 today and his sibling (brother/sister) inherits
`10000 after 3 years from now. Who is richer because of the inheritance?
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☐Fixed deposits ☐ Bonds ☐Shares ☐ Don’t Know
8. Normally which asset displays the higher price fluctuations over time?
☐Fixed deposits ☐ Bonds ☐Shares ☐ Don’t Know
9. High inflation means the cost of living is increasing rapidly.
☐ Yes ☐ No ☐ Don’t Know
10. When an investor spreads his money among different assets, does the risk of
losing money: ☐Increases ☐Decreases ☐Stay the same ☐
Don’t Know
11. Buying a company stock usually provides a safer return than a stock mutual
fund.☐True ☐False ☐ Don’t Know
12. An investment with high return is likely to be high risk.
☐True ☐False ☐ Don’t Know
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Sr Statements Strongly Agree Neutral Disagree Strongly
no. agree disagree
1. I tend to live for today and let
tomorrow take care of itself.
2. Money is there to be spent.
3. I find it more satisfying to spend
money than to save it for long term
4. My financial situation limits my
ability to do the things that are
important to me.
5. I tend to worry about paying my
normal living expenses.
6. While dealing with my personal
finances, I feel
apprehensive/fearful.
7. Thinking about the state of my
personal finances make me feel
guilty or anxious.
8. I consider myself as risk taker about
financial matters.
9. Having a financial plan is very
important.
10. I prefer to borrow for investment
rather than waiting
11. Dealing with money is stressful
because it is a source of worry.
12. Talking about money management
issues with my peers make me
happy.
13. I have interest in increasing
knowledge about money
management.
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Financial behavior is an individual’s behavior towards expenditures, financial
planning, bills payment and saving. Please answer the following statements.
SECTION – C
Investment behavior:
1. Do you invest your savings: ☐Yes (go to question no.2) ☐No (go to
question no.4)
2. In which of the following investment alternative you have invested in recent
years (you can select more than one options.)
☐Shares ☐ Debentures & Bonds
☐Mutual funds ☐ Gold & Silver (precious metals)
☐Post office saving schemes ☐ Real estate
☐Insurance and pension plan ☐ Crypto Assets
☐Fixed Deposit ☐Others (Please mention)
3. Please rank the following investment alternatives as per order of your
preference (1 is most preferred, 2 is second preferred as so on …)
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☐Shares ☐ Debentures & Bonds
☐Mutual funds ☐ Gold & Silver (precious metals)
☐Post office saving schemes ☐ Real estate
☐Insurance and pension plan ☐ Crypto Assets
☐Fixed Deposit ☐Others (please mention)
4. Please select the reason of not investing. You can select more than one:
☐Lack of knowledge about investment
☐Prefer cash in hand
☐Overburden by expenses
☐Fear of taking risk ☐Investment seems very confusing
☐Others (please mention)
5. Select the objectives of your investment.
☐Retirement planning ☐Tax planning
☐Marriage ☐Education of family members
☐To meet unexpected financial contingencies ☐Buying house
☐Others (please mention)
6. Rank the objectives of your investment (rank 1 as most preferred, 2 is second
preferred as so on …)
☐Retirement planning ☐Tax planning
☐Marriage ☐Education of family members
☐To meet unexpected financial contingencies ☐Buying house
☐Others (please mention)
7. Please rate the following sources of information which you can prefer to use
while investing:
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7. Conversation with
professional
colleagues
8. Others (please
mention)
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Section - D
Following problems/ barriers can affect the financial literacy. Please select which are
faced by you. (You can select more than one)
☐ Poor self-image of women ☐ Time management
☐ Lack of financial education ☐ Lack of self confidence
☐ Lack of risk bearing capacity ☐ Gender discrimination
☐ Old social norms/ customs ☐ Lack of financial freedom
☐ Role conflict ☐ Income fluctuations
☐ Lack of women based scheme ☐ Tax laws
☐ Living in/growing up in poverty
☐ Any others (please mention)
Thank You
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