Hemchandracharya North Gujarat University , patan

Project Report
On
“ Study the level of financial literacy of housewives of
himatnagar city ”
FOR FULFILLMENT FOR THE REQUIREMENT OF
THE SUBJECT PRACTICAL STUDIES IN
BBA SEM: VI PROGRAM
Submitted To:
Hemchandracharya North Gujarat Univercity
Patan
Guided by: Submitted by: Exam no:
Dr.Sunil shah Rathod bhargavi. N 262

Prof.Mitesh patel Patel tithi. J 276

Patel yash. D 278

Year:2018/19
HNSB collage of management studies, Himatnagar

Himatnagar Kelavani Mandal’s

 H.N.S.B COLLAGE OF MANAGEMENT STUDIES
(BBA PROGRAMME)
College campus, motipura, himatnagar-383001, Dist: sabarkantha

Gujarat, India, Phone: (02772) 228036

Exam No: 262, 276, 278

Roll No :16, 13, 14

CERTIFICATE
This certificate is awarded to Mr. / Ms.
1.Ratod Bhargavi . N
2.Patel tithi . J
3.Patel yash. D
a student’s of BBA SEM VI of our college for his/her
successfully preparing Management research project on
Study the level of financial literacy of housewives of
himatnagar city , topic under my guidance.
The information and financial data used in this report
have been collected by the students themselves for their
academic pursuits.

Project co. ordinator

 Hemchandracharya North Gujarat Univercity , patan

PREFACE

‘ A man can learn more through practically.’

In BBA sem:VI as per Hemchandracharya North
Gujarat University rules every student is require
practical filed in semester in any industrial
organization .
Management is science as well as an art and art is
concerned will practical knowledge.

“Practice makes man perfect”

In BBA sem:VI study various subjects like
marketing finance etc. so for getting practical
knowledge in about those subject we have
study like finance.
We have done our best efforts prepare
the informative report.
 Hemchandracharya North Gujarat University, patan

ACKNOWLEDGEMENT
“A Man cannot do without help support”
Same happened in our this practical study
We are especially thankful to our college.
We are especially thankful to our principal Dr.
sunil shah sir and another thanks for our friends.
We are especially thankful to our college
professor Mr. mitesh j patel have gave information
of also to gave some from for practical studies, and
also other people’s helps our project directly and
indirectly to prepare this report.
 Hemchandracharya North Gujarat University, patan

EXECUTIVE SUMMARY

As a student’s of BBA semester: vi, in our project

report in “Study the level financial literacy of
housewives of himatnagar city” for survey was
hold by me to find satisfaction level of this project.
 Hemchandracharya North Gujarat , Patan

INDEX
CHAPTER PARTICULAR PAGE
NO. NO.

PREFACE
ACKNOWLEDGEMENT
EXECUTIVE SUMMARY
1. INTRODUCTION TO THE STUDY
1.1 INTRODUCTION
1.2 PURPOSE OF THE STUDY
1.3 OBJECTIVE OF THE STUDY
1.4 HYPOTHESIS OF THE STUDY
1.5 RESEARCH METHODOLOGY
1.6 SCOPE OF THE STUDY
1.7 SIGNIFICANCE OF THE STUDY
1.8 LIMITATION

2. DATA ANALYSIS AND

INTERPRETATION
3. FINDING AND OBSERVATION
4. CONCLUSIONS AND SUGGESTIONS
5. BIBLIOGRAPHY
6. APPENDIX
 Hemchandracharya North Gujarat University, patan

CHAPTER-2
DATA ANALYSIS AND INTERPRETATION

H.N.S.B College of Management Studies

Page:
 Hemchandracharya North Gujarat University,patan

INTERPRETATION :
After the survey we have find in himatnagar area
between 25-60 age group , more forms were filled up
between 35-45 age group.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that more women are 12th
pass with 37% ratio, graduate women are 28.5% ratio,
25.5% women are 10th pass, and very less ratio of women
are in other field.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION:
After the survey we find that , more women are in
arts stream with 43.5 % ratio, 19.5 % women are in
commerce stream , 12.5 % women are in science stream,
and 23 % women are in other stream.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, the ratio of married
women is more as 96.5% and very less women are
divorced or widow.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women are living in nuclear family as 57 % ratio and
other 43 % women are living in joint family.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women have income in between 0-150000 with 51 %
ratio , 33.5 % women have 150000-500000 income , and
very few women have income above 700000.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, the more number of
family member earning is 2 with 49.5 % ratio, 29.5 %
ratio is of 1 member earning , and very less number of
family member earning is above 3.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women are interested in savings (83%), life insurance
(60%), budgeting(46%)and investing(39.5%). Less
number of women are interested in loans\ debts(7.5%),
credits(7.5%), credit cards(5%), taxes(4.5%), interest
rates (4%), will(3.5%), auto insurance(1%).
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women have budget for household as 93.5%.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women are responsible for day to day decision in
household about 92% and 8% of women are not
responsible for this.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women maintain record of their household expenses
with 95% ratio.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , 82.5% women’s
parents teach them how to manage fianacial setup.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, women gain more
financial knowledge from parents(68.5%), life
experience(62%) and school(31%). Very less financial
knowledge gain from others.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, women heard more
about credit card(59%), saving accounts(54%) and
insurance(35.5%) and heard very less about others.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women are saving as 97.5%.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women are contributed in saving account regularly
(50%). 41% women are contribute in saving account
some time.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women are setting up goals in education(66%), saving &
investment (63%) , and housing(55.5%). Very less
number of women are setting up goals in health ,
retirement, and protection.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women are spending their money in saving(72.5%),
children education (61%) and household expenses(60%).
Very less number of women are spending their money in
other .
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women always read and understand investment and loan
agreement before signing them as 81.5%. 12.5% women
sometime read and understand before signing them.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women invest their saving in bank(85%) and gold and
jwellery(27%). Very less number of women invest in
other.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women are always contribute in investment account as
43%. Very less number of women are contribute
sometime in investment as 27.5%.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women have insurance policy as 72%. 28% women do
not have insurance policy.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, more number of
women have life insurance as (51%). Less number of
women have other insurance.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that, 81.5% of women
compare price when shopping for purchase. Expect this
other women do not compare price when shopping.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , more number of
women rate the financial situation as good (46.5%).
38.5% of women rated as very good and 13.5% of
women rated as satisfactory.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that , 45.5% women have
given correct answer. 44% women have not given
answer.
 Hemchadracharya North Gujarat University, Patan

INTERPRETATION :
After the survey we find that 52% women have
given correct answer and 39.5% women have not given
answer.
 Hemchandracharya North Gujarat , patan

CHAPTER – 6
Appendix
QUESTIONAIRE
1> Name :

2> Age Group

A. 25-30 ()
B. 30-35 ()
C. 35-45 ()
D. 45-60 ()
E. 60 Above ()

3> Your Education Responses :

A. 10TH Pass ()
B. 12TH Pass ()
C. Graduate ()
D. Post Graduate ()
E. Doctor (ph.d) ()
F. Other ()

4> Stream:
A. Commerce ()
B. Arts ()
C. Science ()
D. Diploma Course( )
E. Other ()
 Hemchandracharya North Gujarat University , patan

5> Marital Status:

A. Married ()
B. Seperated / Divorced ( )
C. Widow ()

6> You belong from which family ?

A. Nuclear Family (Only you your children ) ( )
B. Joint (with partner ) ()

7> Annual income :

A. 0-150000
B. 150000-500000
C. 500000- 700000
D. D.Above 700000

8> How many family members are earning ?

A. 1
B. 2
C. 3
D. Above 3

9> In which topics you are interested?

A. Budgeting
B. Investing
C. Taxes
D. Credit
E. Will
 Hemchandracharya North Gujarat University ,patan

F. Life insurance
G. Auto insurance
H. Loans/ Debts
I. Credit cards
J. Interest rates
K. Savings

10> Do you have a budget for household ?

A. Yes
B. No

11> Are you responsible for day -to-day decision

about in your household ?
A. Yes
B. No

12> Do you maintain records of your household

expenses ?
A. Yes
B. No

13> Did your parents /organization teach you have to

manage your financial set-up ?
A. Yes
B. No
 Hemchandracharya North Gujarat University , patan

14> How do you gain financial knowledge?

A. Parents
B. Schools
C. Friends
D. Book / News paper / Magazine
E. Television
F. Life experience
G. Neighbor
H. Relative
I. Children
J. Job / business
K. Financial advisor / Agent
L. Other

15> Please can you tell me whether you have

heard of any of these types financial
products ?
A. A credit card
B. Bonds
C. Stocks and Shares
D. Saving accounts
E. E- payment
F. Insurance
G. Microfinance loan
 Hemchanndracharya North Gujarat University, patan

16> Have you make savings ?

A. Always
B. Often
C. Some time
D. Never

17> Are you contribute to a saving account

regularly ?
A. Always
B. Often
C. Some time
D. Never

18> Setting up family goals ?

A. Education
B. Housing
C. Health
D. Retirement
E. Protection
F. Saving & Investment

19> Where do you spend your money ?

A. Saving
B. Your children education
C. Household expenses
D. Insurance premium
E. Other
 Hemchandracharya North Gujarat University, patan

20> Are you read and understand investment

and loan agreement before you sign them ?
A. Always
B. Often
C. Sometime
D. Never

21> Where do you invest your saving ?

A. Bank
B. Share market
C. In house only
D. Gold & Jwellery
E. Fixed assets
F. Mutual fund

22> Are you contribute the investment

accounts ?
A. Always
B. Sometime
C. Often
D. Never

23> Do you have a insurance policy ?

A. Yes
B. No
 Hemchandracharya North Gujarat University, patan

24> Which insurance policy you have ?

A. Life insurance
B. Car insurance
C. Health insurance
D. Other

24> Are you compare prices when shopping for

purchases ?
A. Always
B. Often
C. Sometime
D. Never

25> How do you rate the financial situation in

your family ?
A. Very good
B. Good
C. Satisfactory
D. Bad
E. Very bad
 Hemchandracharya North Gujarat University, patan

26> Let's assume that you deposited rs. 5000 in a

bank account for 1 year at 7% interest rate.
How much money will you have in your
account in 1 year if you do not withdraw
form or add to this account any money ?
A. More than Rs. 5350
B. Exactly Rs. 5350
C. Less then RS. 5350
D. Can’t answer

27> Suppose you need to borrow Rs. 500000.

Two people offer you loan. One loan requires
you to pay back Rs. 600000 in 1 month. The
second loan requires you to pay back in
1month Rs. 500000 plus 15% interest . Which
loan represents a better deal for you ?
A. First loan (pay back 600000)
B. Second loan (pay back Rs. 500000 plus 15% interest)
C. Can’t answer