Financial literacy indicates the basic knowledge and skills of an individual to understand financial concepts and make good financial choices during investment. The purpose of this study is to assess the financial literacy level among business students as students can shape the economy with their financial knowledge and understanding. Using a survey methodology, self-administered questionnaire was created to collect the necessary data from the business students. Questionnaire includes both basic and advanced level questions so that financial literacy level can be assessed on both the parameters. Although the questionnaire was circulated among 400 students but after eliminating non respondents, the research was conducted on the responses of 292 students. Financial literacy of business students was evaluated on the basis of their responses and their knowledge, attitude, and conduct towards their own finances. The outcome highlights that the financial literacy level is same in case of male and female. Financial literacy is independent from the effect of gender. This study does not break down its findings by race or gender to determine whether the program is appropriate. Culture and environment should be taken into account while developing financial literacy tests. Financial literacy has significant social implications for business students. It empowers business students with practical skills and knowledge that are essential for their future careers and personal financial well-being. They can contribute to economic growth, and promote social well-being.