What are the financial activities? Mention the measures to
make the financial education effective in Nepal.
Answers
Answer:
The education system: We need to teach children how money works and the function of money. Students coming out of the college or people started working have no clue on how money works. The movies and TV series teache a wrong lesson on how people become rich.
Entrepreneurship culture: Saving is not good enough. Just taking risk is bad. We need to learn how to take calculated risks. Business needs people with risk taking ability.
The infrastructure: the legal and government support. The government needs to actively promote the entrepreneurship. They need to set long term objectives on how to drive businesses in a country and adjust the legislation.
Nepal is making efforts to make financial education effective in Nepal through planned program of learning opportunities and experiences created for increasing the financial capability of students from different social and cultural background.
Explanation:
Nepal has been improving their financial education through planned program of managing one's finances and become confident with providing learning opportunities and experiences designed to increase the financial capability of students.
These programs are initiated by giving them ample opportunity for opening a bank account, to visit the financial institutions for discussion on financial planning, participate in a community level programs and connecting them to various small and micro enterprise projects.
The financial education enables them to take a wise financial decision, make payment of bills on time and manage one's finances, which helps to reduce poverty and support livelihoods and economic growth.