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ICO Olympiad Exam 2023-24 Registration Process

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Last updated date: 20th Apr 2024
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International Commerce Olympiad 2023-24 Registration

ICO full form, International Commerce Olympiad is a single-level test jointly organised by the Science Olympiad Foundation (SOF) and the Institute of Company Secretaries. Students of Class 11 and 12 are eligible to apply for the ICO 2023-24 registration process.

Students can register for the ICO 2023-24 exam through their respective schools. A minimum of 5 students are required to register for the exam from each participating school.

 

Read the article till the end to get complete information on the SOF ICO registration process and other important details related to the ICO 2023-24 exam.

ICO 2023-24 Exam Date

The exam conducting authorities will conduct ICO 2023-24 exam on two different dates. A school may select one of the following dates to conduct the SOF ICO at its convenience.

Date 1 – December 12, 2023

Date 2 – January 28, 2024


ICO 2023-24 Eligibility Criteria

Students of classes 11 and 12 are eligible to appear for the SOF ICO. 2023-24 examination.  

Students from Science, Commerce & Humanities may appear for the SOF ICO.

There are no other eligibility criteria except those discussed above.


How to Apply For ICO 2023-24 Exam?

Students can register for the upcoming ICO exam sr through their respective schools. A minimum of 5 students must be registered from each participating school of SOF ICO.

The exam conducting authorities do not impose fees on the institution to become a registered examination centre.

 

A prospectus containing the registration forms is dispatched to all the participating schools. Schools not registered with SOF may also request a prospectus by sending an e-mail to info@sofworld.org or by calling 0124-4951200. 

 

Schools are advised to return the registration forms to SOF duly filled in and completed in all respects by the due date.

 

ICO Registration Fees

Schools of India, Bangladesh, Bhutan & Nepal need to pay an  ICO registration fee of Rs 125 (including GST) per student towards the examination cost to the Science Olympiad Foundation. For other countries, the cost is US$9


Schools are allowed to impose additional Rs 25 per student towards the honorarium of the incharge, remuneration to teachers to teach and guide, and for other expenses. For other countries, the cost is US$1.


Students suffering from any major physical disability or an Indian student whose parent was martyred during defence operations are not required to pay any fees during the registration process.


ICO 2023-24 Exam Pattern

Students preparing for ICO 2023-24 exam can check the exam pattern below and prepare accordingly.

  • Question Type – Objective (Multiple choice questions)

  • Exam Duration– One hour (60 minutes)

  • Exam Mode – English

ICO exam question paper consists of the following four sections:

Section 1: Economics

Section 2: Business Studies

Section 3: Accountancy

Section 4: Achievers Section

SOF designs separate question papers for each class and follows CBSE, ICSE/ISC and State Board syllabi while preparing the test papers.

 

ICO 2023-24 Marking Scheme

The table below shows the number of questions asked in each section and the marks distribution.

Sections

No. of Questions

Marks

Economics

15

15

Business Studies

15

15

Accountancy

15

15

Achievers Section

5

15

Total

50

60


ICO 2023-24 Class 11 Syllabus 

The table below discusses the topics Class 11 students need to prepare in each section for the upcoming ICO exam.

Section 1


(Economics)

Introductory Microeconomics, Statistics for Economics..

Section 2


(Business Studies)

Nature and Purpose of Business, Forms of Business Organisations, Public, Private and Global Enterprises, Business Services, 

Emerging Modes of Business, Social Responsibility of Business and Business Ethics, Sources of Business Finance, Small Business, Internal Trade, International Business.


Section 3


(Accountancy)

Theoretical Framework, Accounting Process, 

Financial Statements of Sole Proprietorship from Complete and Incomplete Records, Computers in Accounting.


Section 4


(Achiever’s Section)

Higher Order Thinking Questions - Syllabus as per Section-1, Section-2 and Section-3




ICO 2023-24 Class 11 Syllabus Issued By The SOF

The table below discusses the topics Class 12 students need to prepare in each section for the upcoming ICO exam.

Section 1


(Economics)

Introductory Macroeconomics, Indian Economic Development.

Section 2


(Business Studies)

Nature and Significance of Management, Principles of Management, Business Environment, Planning, Organising, Staffing, Directing, Controlling, 

Financial Management, Financial Markets, Marketing Management, Consumer Protection.


Section 3


(Accountancy)

Financial Statements of Not-for-Profit Organisations, Accounting for Partnership Firms, 

Accounting for Companies, Analysis of Financial Statements, Cash Flow Statement, Computerised Accounting.


Section 4


(Achiever’s Section)

Higher Order Thinking Questions - Syllabus as per Section-1, Section-2 and Section-3




ICO Results 

The results of the ICO 2023-24 exam are usually released within 8 weeks of the last date of examination. The SOF send results to the concerned schools of the participants. The results are also made available on SOF's official website.


Advantages of Participating In the ICO Exam

Students in the 11th and 12th grades are on the verge of making the most important decision of their lives. The ICO supports students in the self-realisation of their abilities and potential. Aside from self-realisation, SOF also honours a student's potential by bestowing merit-based rewards on them.

 

Olympiad competitors are ranked based on their performance. As a result, after completing the test, students may assess themselves academically on four levels: inside the school, at the city level, at the Zonal level, at the regional level, and, most importantly, at the international level.

 

The was a complete discussion about the International Commerce Olympaid 2023-24 exam. Hope the students clearly understood the registration process for the ICO exam 2023-24, and now they can easily apply for the upcoming ICO exam. Stay tuned with Vedantu for the latest updates on the Olympaid 2023-24 exam.

FAQs on ICO Olympiad Exam 2023-24 Registration Process

1. To prepare for the ICO, should participants estimate any special material or website?

Ans: Vedantu’s website is best for ICO preparation. You will get all the material and sample papers, mock tests just on one website. Vedantu offers all the necessary study materials for those interested in participating in the SOF International Commerce Olympiad (ICO) exam Cyber Olympiad 2023-24, including syllabus, important question papers, sample test papers, etc. Vedantu offers students additional guidance in addition to the study materials. Get the world to see that you are a computer genius by working with Vedantu's experts.

2. When will the ICO result be announced?

Ans: Every year, the Science Olympiad Foundation (SOF) hosts the International Commerce Olympiad (ICO) to encourage students to learn as much information as possible in the subject of commerce. Any student in Class 11 or 12 from any stream can take the SOF ICO test. Students who want to achieve a high score on the SOF ICO results in 2023-24 should register for the test at their respective institutions. The Institute of Company Secretaries of India and the Ministry of Corporate Affairs, Government of India have collaborated to launch the ICO exam. Olympiad results are announced within 8 weeks following the last examination date. The findings are forwarded to the respective schools. The outcomes are also published on our website.

3. Can we still apply for the SOF ICO test if our school has less than 5 students who are interested in participating?

Ans: Yes, you can still apply for the SOF ICO test if your school has fewer than 5 students who are interested in participating. The eligibility criteria for SOF ICO are all students in Classes 11 and 12. The CTF will not accept fewer than 20 submissions from a single class or 10 from Class 11 and 12. (in case one of the classes is participating). The foundation has not established any further ICO test qualifying conditions, such as minimum marks.

4. What are the key points to remember before appearing for the ICO examination?

Ans: The ICO Olympiad syllabus will assist you in getting started with your studies. After you've familiarized yourself with the curriculum, you may start planning your study. Knowing the curriculum and weight of each chapter makes it simple to arrange your study. It's critical to determine how much time you'll need to devote to each chapter, as some take more time and preparation than others. When you are aware of the many topics to be covered and are familiar with many of them from your normal studies, you will feel more prepared for the ICO tests. Make a note of the challenging questions that will need to be revised in the future.

5. From where can I get the ICO Olympiad Class 12 Syllabus?

Ans: The syllabus for the International Cyber Olympiad (ICO) is available for download at Vedantu for Class 12. Students can download the ICO Olympiad Syllabus if they want to do well in the exam. Our subject professors have thoroughly examined the material in light of the most recent National Cyber Olympiad exam pattern. The Science Olympiad Foundation's International Cyber Olympiad (ICO) test is one of the most popular (SOF). We have ensured that the ICO syllabus has been thoroughly reviewed and is available for all students from 11 to 12. The syllabus is the first and most important item to consult before preparing for any exam.


You can avail all the well-researched and good quality chapters, sample papers, syllabus on various topics from the website of Vedantu and its mobile application available on the play store.