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Are you saying programming competitions are representative of "real world skills"? There's certainly a correlation in the same way the exam is but you'd be hard-pressed to say more than that.

Programming competitions demonstrate problem solving skills a lot better than a multiple choice exam if you ask me.

But questions asked in interviews of tech companies are similar to programming competitions than mcqs.

Or that programming competitions don't represent real world programming either.

Programming competitions are to programming as fencing is to sword-fighting.

I'm not trying to denegrate people who compete in programming competitions—they require hard work and talent like any competition, but it is a very specific set of skills that are developed which are different from real-world programming.

Thats also true for multiple choice tests as opposed to real-world programming.