The Institute of Company Secretaries of India (ICSI), New Delhi, is set to introduce Open Book Examination of Elective Subjects (Paper - 9) in Module-III of Professional Programme (New Syllabus) from June, 2014.
Professional Programme offers five elective subjects in Module III, as mentioned below; out of which a student has to opt only one subject to study and qualify, that suits his aptitude, interest, ability and career goal:
- Banking Law and Practice
- Capital, Commodity and Money Market
- Insurance Law and Practice
- Intellectual Property Rights-Law and Practice
- International Business -Laws and Practices
However, in all other subjects / modules of Professional Programme, students would continue to be examined as per traditional pattern of examinations.
This is to impart and develop skills of creative thinking, problem solving and decision making amongst students of its Professional Programme and to assess their analytical ability, real understanding of facts and concepts and mastery to apply, rather than to simply recall, replicate and reproduce concepts and principles in the examination.
In OBE, the candidates would be allowed to consult their study material, class notes, textbooks, Bare Acts and other relevant papers, while attempting answers, as per the requirement of questions. The emphasis throughout would be in assessing the students' understanding of the subject, applying their minds, rather than the ability to memorise large texts or rules or law.
Unlike a conventional / typical examination, which assesses how much information candidates have been able to store in their minds, the success in this type of examination depends on the candidate's ability to understand the question, identify inherent issues, application of various techniques, laws, principles, etc. while solving answers with the help of supporting reference material.
New exam pattern would be as follows:
- Each question paper would contain six questions carrying 100 marks .
- Question No.1 will be of 50 marks based on case study ranging between 3000-4000 words.
- Question No.2 will be of 30 marks based on study of regulatory framework related to the subject.
- Question No.3-6 will be of 5 marks each covering important topics of the syllabus.
Candidates are not allowed to consult their fellow examinees or exchange their study material/notes, etc. with each other in the examination hall.