Practical/Project Work and Internal Assessment
What the domain tests
Practical/Project Work and Internal Assessment tests your ability to plan a small study, collect and tabulate data, interpret results and present a banking or finance project honestly. Viva questions test ownership of the work.
Core rules and concepts
- The project cycle: choose a syllabus-linked topic, state the objective, select a method such as a survey, interview or bank visit, define the sample and tools, collect data, tabulate, graph, analyse, conclude and state limitations.
- A bank visit report should record date, branch type, services observed, staff interaction, documents seen and learning points. Do not record confidential customer data.
- Present data in a frequency table. Percentage = (part divided by total) × 100. Label charts with source, sample size and variable. Compare findings with the objective.
- Keep rough notes, questionnaires and dated drafts. The internal-assessment file should show regular, original work and a clear method.
- In the viva, explain the method, findings, limitations and what you would improve.
Worked example
In a 50-household survey on digital payments, 30 households say they use UPI. Percentage = (30 divided by 50) × 100 = 60%. If 12 of those 30 users say they fear fraud, that is (12 divided by 30) × 100 = 40% of UPI users, or 24% of all 50 households. Report the base with the percentage because a percentage without its denominator can mislead. Reasoning: the denominator must match the group being described.
Traps that cost marks
Do not invent data. Do not copy another student's file. Do not omit the sample size or method. Do not confuse 40% of users with 40% of all households. Do not include customer names or account numbers. Do not claim causes from a small survey.