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COMPETITION MECHANICS 1.

Team Composition Participants should be enrolled as a regular student with at least 12 units as certified by the school registrar (or equivalent official in the absence of a registrar). Each team is a composed of a 2nd year and 1 3rd year student. 2. Competition Rounds The competition consists of the Elimination round and the Final round. The host school shall sponsor its own welcome / opening activities. 3. Format and Time Limit Eliminations 3 rounds: easy, moderate and difficult Will consist of 35 questions. EASY (15) = 5 points each MODERATE (10) = 10 points each DIFFICULT (10) = 20 points each Easy questions should be answered within 40 seconds. Moderate questions should be answered within 100 seconds. Difficult questions should be answered within 160 seconds 4. Materi als

Calculators will be used. No other electronic device, including cellular phones, shall be allowed during the competition proper.

5. Contest Procedure The Board of Judges will announce the question number. The corresponding numbered question slip will be distributed to each team. Upon signal by the Quizmaster, the teams shall simultaneously open their question slips. A team that opens their slips prior to the signal given by the quizmaster will be given a zero for the specific question. The quizmaster will read the portion of the question once before the teams are given the gosignal to commence answering the question. At the end of the time limit, and only upon the instruction by the quizmaster, all teams will be asked to hold up their Answer Cards, each team should have also written the same answer in the answer slip. The Chairman of the Board of Judges or his duly appointed representative will then give the right answer to the Quizmaster by raising the correct Answer Card. After all the cards are raised and the correct answer given by the Judges, the Quiz Master will ask those with wrong answers to put down their cards to make it easier for the auditors to mark and tally the scores of the Team(s) with correct answers. Nobody will be allowed to raise his card anew once it has been put down. Furthermore, teams with the correct answers could only put down their cards upon the advice of the Board of Judges otherwise they will be penalized with a zero score for the specific question. Additionally, competition personnel shall collect the question slips of teams with the correct answer. The auditors shall then verify if the answer written in the question slip is the same as the raised answer

card of the team. Teams who fail to write their answer on the question slip and teams with conflicting answers will be penalized with a zero score for the specific question. The question slips shall then be checked and filed by the onsite Auditor and will serve as an additional audit trail in the verification of scores. Conflicting answers should be brought immediately to the attention of the Board of Judges. Late raising of Answer Cards or changing of Answer Cards beyond the time allowed for each question or shall be penalized with a zero score, to be decided accordingly by the Board of Judges. The Board of Judges has the full authority to impose penalties for any form of cheating, i.e. signals from the audience, non-surrender of cell phones and other electronic devices, use of unofficial calculators, looking at another teams answer card and similar infractions. Penalties can range from a zero score for a particular question to outright disqualification from the competition. The Board of Judges shall be present in all sites for the purpose of arbitrating the Competition. Protests and queries must be filed by any of the team members actively participating in the round. The Quizmaster shall refer all questions raised to the Chairman of the Board of Judges. In case a query has merit, the question will be completely invalidated. The decision of the Board of Judges is final and all participating teams must abide by its decision. The Board of Judges has the prerogative to penalize any unacceptable behavior of the contestants via point deductions.

6. Test Bank The Easy Bank of Questions will be composed of the topics mentioned below as well as general information on the local investment industry while the Moderate and Difficult Bank of Questions are solely based on the topics outlined below. The questions and the order that they shall be asked will be pre-determined. The pre-drawing will be observed by the ICFC Board of Judges, and representatives from the Asian Institute of Management and our independent auditor. However, because of the randomness in the question selection procedure, the questions drawn may not necessarily reflect the distribution of the Bank of Questions.

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