SNDT WOMEN'S UNIVERSITY
BMK Knowledge Resource Centre
Vithaldas Vidyavihar, Juhu Tara Road,
Santacruz (West) Mumbai - 400049
Validating Financial Knowledge Scale Using Item Response Theory (Record no. 130237)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02013nam a2200181 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241114b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Isha Bajaj |
| 245 ## - TITLE STATEMENT | |
| Title | Validating Financial Knowledge Scale Using Item Response Theory |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | p225-236 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. biblio.abstract | It is important to have knowledge about financial products and services to make rational financial decisions. Financial knowledge is a wider term and hence difficult to measure. The previous studies have used various methods and instruments to measure it. But there is a need of comprehensive and validated instrument to measure the financial knowledge. In this study, an attempt has been made to measure financial knowledge using a scale consisting of multiple-choice questions on basic and specific financial knowledge related with banking products and services. Each correct answer has been scored ‘1’ and each wrong answer has been scored ‘0’. This dichotomous scale has been validated using Item Response Theory. The theory focuses on the appropriateness of the questions (items) included in the scale with respect to difficulty and discriminability. The results reveal that the overall instrument fulfils both the criteria. The test consisting of twenty-two items is reliable as well as valid with the discrimination index having all positive values ranging from 0.23 to 1.96 and the difficulty index ranging from –5.66 to 0.90. The purpose of this article is to encourage the usage of validated scales for the measurement of financial knowledge and discourage the perplexity in the field of financial knowledge and financial literacy. |
| 654 ## - SUBJECT ADDED ENTRY--FACETED TOPICAL TERMS | |
| Subject | <a href="Financial Knoledge ">Financial Knoledge </a> |
| -- | <a href="Multiple-choice Questions">Multiple-choice Questions</a> |
| -- | <a href="Test Validation">Test Validation</a> |
| -- | <a href="Financial Literacy ">Financial Literacy </a> |
| -- | <a href="Item Response Theory">Item Response Theory</a> |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Mandeep Kaur |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 80316 |
| Host Itemnumber | 110091 |
| Place, publisher, and date of publication | New Delhi Sage Publications |
| Title | Vision: The Journal of Business Perspectives |
| International Standard Serial Number | 0972-2629 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Journal Article |
| 773 0# - HOST ITEM ENTRY | |
| -- | JP350 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| -- | ddc |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Location (home branch) | Sublocation or collection (holding branch) | Date acquired | Koha issues (times borrowed) | Piece designation (barcode) | Koha date last seen | Price effective from | Koha item type |
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| Dewey Decimal Classification | SNDT Juhu | SNDT Juhu | 14/11/2024 | JP350.6 | 14/11/2024 | 14/11/2024 | Journal Article |