BSE Institute Ltd, a wholly owned subsidiary of the BSE Ltd has announced a new initiative to extend financial literacy to the school level through the innovative and educative BSE International Financial Olympiad - a national level financial quiz competition. Covering 15000 schools across India, BSE International Financial Olympiad is aimed at encouraging students to explore and learn more about financial world and develop analytical and problem solving skills that will be essential to their careers.
As a joint initiative between BSE Institute Ltd and Eduheal Foundation, the purpose of BSE International Financial Olympiad is to create awareness about financial literacy amongst students at a young age.
It will also empower students with a proper understanding of the opportunities in the financial markets. Financial Olympiad will not only help students prioritize their personal financial goals, but also help them become financially responsible individuals and citizens. Besides, it will help parents in a way that their children will grow into financially responsible adults.
Targeted at students studying in class IX, X, XI, & XII and interested in Economics, Commerce, Accounts and Business Studies, BSE International Financial Olympiad has been planned over 3 levels:
Level 1- City/State: Level 1 will be organized by schools, whereby three students each from class IX to XII will be nominated based on an intra school quiz for the National round.
Level 2- National: Shortlisted students will appear for an all India online exam based on the syllabus of CBSE, ICSE, State Boards and NCF (National curriculum framework). An online exam will be organized by Eduheal foundation.
Level 3- Finals: Top 48 merit students from all over India will attend quiz finals at BSE Convention centre, Mumbai on 1st February 2013. Finally 12 students will emerge as national winners of the 1st BSE International Financial Olympiad.
Ambarish Datta, MD & CEO, BSE Institute Ltd said that, “It is a challenge to teach personal finance as a part of the regular school curriculum. There are time constraints – there are a large number of competing subjects - all supposed to be included in the school curriculum. However teaching the financial basics is important. The BSE International Financial Olympiad is an innovative approach to create financially aware children by getting them to participate in a fun filled competition.”
Dr Sandeep Ahlawat, Managing trustee, Eduheal Foundation said that, “Our experience with conducting Olympiads like the Maths and Cyber Olympiad for school children convinced us that this is a good vehicle for generating interest in financial concepts among school children. Hence we decided to collaborate with the BSE Institute the pioneer of financial education in India to launch the BSE International Financial Olympiad.”