Updated on: Monday, June 01, 2015
The Central Board of Secondary education in collaboration with the National Stock Exchange will now be introducing Financial Market Management (FMM) course for Class 9 and Class 10. To be introduced as a vocational course, Financial Market Management (FMM) will fall under the National Skills Qualification Framework (NSQF) at Level I and Level II, for the academic year 2015-2016.
The students taking admission to this course will be studying Basics of Money Management in Class 9 and Introduction to Financial Markets in Class 10. The subjects will be taught for 200 periods each and will hold 60 marks for theory while 40 marks will be granted to the practical knowledge possessed by each student. To hone practical-based knowledge, students will be taught various modules of NSE Learn to Trade (NLT). The students, on successfully completing giving the online examination for FMM, will be rewarded with a joint certificate from CBSE and NSE.
The course has been developed to increase the count of employability skills in candidates for the Banking,Financial Market Management (BFSI) industry. A number of universities are already offering BBA and MBA in Financial Markets which will make it easy for the students to also pursue further studies in this course. The Financial Management Market course was also jointly introduced by CBSE and NSE at Senior Secondary level (Class 11-12) in the academic session 2007.