Mumbai, June 20 (ANI): Eduheal Foundation and BSE Institute Ltd - a wholly owned subsidiary of the Bombay Stock Exchange (BSE) will soon launch a joint initiative called the BSE International Financial Olympiad (BIFO) to create awareness about financial literacy amongst students at a young age.
The Eduheal Foundation (EHF) is a registered international level NGO promoted by leading educationist, academicians and media personalities seeking to improve the well being of the general public through the awareness of educational and health issues.
It wishes to achieve its goal by supporting and disseminating education and healthcare based knowledge.
As educational partners of the Google Science Fair and as a member of Havard-MIT Maths tournament , the EHF is actively engaged in searching talented students in science, mathematics, English, bio technology, arts, computer and sports.
With BSE institute it has extended its foray into the exciting world of finance.
Last year, the Eduheal Foundation had 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, the 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.
More than 15 lakhs cash award has been instituted for BIFO
Targeted at students studying in class IX, X, XI and XII and interested in economics, entrepreneurship, accountancy and business studies, BSE International Financial Olympiad is conducted over 3 levels:
Level 1- City/State: Level 1 will be organized by schools, whereby students each from class IX to XII will be nominated/selected based on an intra school quiz/paper based exam for the National round.
Level 2- National: Shortlisted students will appear for an all India online exam based on the given syllabus comprising of Questions from Economics and Financial literacy for classes 9th and 10th; Economics, Accountancy, Business Studies, Entrepreneurship and Financial literacy for classes 11th and 12th. Few questions from General Knowledge and Mental Aptitude may also be asked.The syllabus for level 1 and 2 are same .The online exam will be conducted by eduheal Foundation at 200 centres across India .
LEVEL 3:QUIZ FINALS:108 Merit students from all over India will attend quiz finals at BSE convention centre, Mumbai on 24th April, 2014. This event is expected to be widely broadcasted in the media. Finally 108 students will emerge as national 1st, 2nd and 3rd rankers of the 2nd International finance olympiad sponsored by BSE institute ltd.
The prize distribution ceremony on April 24, 2014, will be organized jointly by BSE Institute Ltd. and EHF at the BSE Convention centre, Mumbai.
Ambarish Datta, MD and 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 ,Science,English,Biotech and Cyber Olympiad for school children convinced us that this is a good vehicle for generating interest in financial concepts among school children. . 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." (ANI)
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