Questionnaire
Impact of financial Literacy on investment decision
Age
21-25[ ] 26-30[ ] 31-35[ ] 36-40[ ] 41-45[ ] 46-50[ ] 51-55[ ]
Gender
Male [ ] Female [ ]
Education Level
Intermediate [ ] Bachelor[ ] Master[ ] Post Graduate[ ]
Income Less than 20,000[ ] 20,000-40,000[ ] 40,000-60,000[ ]
60,000 and above [ ]
Ⅰ. PART A
Please evaluate the degree of your agreement with the impacts on your investment decision making:
Extremely Highly Somewhat Somewhat Highly Extremely
FACTORS
disagree disagree disagree agree agree agree
1. I always have a planned 1 2 3 4 5 6
budget for my regular
investments.
2. I rely on financial 1 2 3 4 5 6
advisors for their advices
regarding investments.
3. I am well aware about the 1 2 3 4 5 6
time horizon towards
investment.
4. I am well aware about the 1 2 3 4 5 6
weightage of investment
cost.
5. I am aware about the time 1 2 3 4 5 6
value of money factor
regarding investment.
6. I am well aware about the 1 2 3 4 5 6
risk and return criteria of
investment.
7. I regularly go through the 1 2 3 4 5 6
news of financial market.
8. I use different source for 1 2 3 4 5 6
financial information like
mobile apps or news
channels.
9. I always take inflation as 1 2 3 4 5 6
a deciding factor of financial
market.
10. I always monitor the 1 2 3 4 5 6
other macro-economic factor
of financial market.
11. I avoid selling shares 1 2 3 4 5 6
that have decreased in value
and readily sell shares that
have increased in value
12. I study about the market 1 2 3 4 5 6
fundamentals of underlying
stocks before making
investment.
13. I always compare the 1 2 3 4 5 6
investment avenues before
any investment.
14. I influence with the 1 2 3 4 5 6
advertisement of financial
services industries.
15. Any good outcomes of 1 2 3 4 5 6
my investment decisions are
due to my own talents
Ⅱ. PART B
Please evaluate the degree of your agreement with the impacts of behavioral factors on your investment
decision making:
Extremely Highly Somewhat Somewhat Highly Extremely
FACTORS
disagree disagree disagree agree agree agree
1 2 3 4 5 6
16. I invest only for good
returns.
17. I consider safety 1 2 3 4 5 6
measures in my investment
plans.
18. I consider tax saving 1 2 3 4 5 6
criteria while investing.
19. I consider past 1 2 3 4 5 6
performance of
stock/shares/bonds while
investing.
20.I change my investment 1 2 3 4 5 6
criteria as per my current
financial status.
21. I consider retirement 1 2 3 4 5 6
plans for investment
purpose.
22. I consider future 1 2 3 4 5 6
uncertainty is a reason to
make investment.
23.I consider risk factor 1 2 3 4 5 6
before making an
investment.
24. I consider insurance 1 2 3 4 5 6
plans as safest mode of
investment.
25. I consider gold and other 1 2 3 4 5 6
commodities for high return
investment.
26. I consider real estate is 1 2 3 4 5 6
an investment avenue where
I can find enough growth of
my investment.
27. I put my current financial 1 2 3 4 5 6
need as priority while
investing.
28. I tend to make decisions 1 2 3 4 5 6
based on stereotypes formed
from experience.
29. Market information is 1 2 3 4 5 6
important for my
investment pattern.
30. I consider proper study 1 2 3 4 5 6
of financial statements
before making investment.
1 2 3 4 5 6
