Each quiz session is comprised of four parts. Marks obtained from each part are added to determine the overall winner for that session. Quiz sessions stream live on television over one-hour duration with three commercial breaks.
Part 1 – General Knowledge in Finance: A total of fifteen questions; five directed at each contestant in five different rows. These questions are drawn from at least ten of the fifteen areas within the FiBoK. Questions take the form of multiple choice, picking the odd one out, concepts definition and filling in a blank space. Depending on the form of a question, contestants have between ten and twenty seconds to respond, for a full point of three.
Part 2 – Finance in Practice: A total of nine questions; three directed at each contestant in three different rows. These questions are drawn from one body of knowledge but contestants have fore-knowledge of the selected body of knowledge for the section. Contestants are made to use theoretical concepts to explain practical phenomenon. Questions take the form of “describe how”, “explain why”, etc.
Part 3 – Current Issues in Finance: A total of nine questions; three directed at each contestant in three different rows. These questions are NOT necessarily drawn from any of the knowledge areas in the FiBoK. Contestants are to stay current with developments finance and the general business environment. Questions for this section are drawn largely from selected financial media.
Part 4 – 90 Seconds: Each contestant answers ten True / False questions in ninety seconds. These questions are drawn from the contestant’s preferred knowledge area within the FiBoK.