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ICO 2023-24 Result

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Last updated date: 28th Mar 2024
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Olympiads

ICO 2023-24 Results: Get Complete Details Here

ICO or International Commerce Olympiad 2023-24 exam result is expected to be declared within 8 weeks of the last day of the examination. ICO 2023-24 exam will be conducted on December 12, 2023, and January 18, 2024. The ICO is a single-level examination conducted annually in which the students get an opportunity to represent their talent at the school, zonal, and international levels. The conducting body also set ICO eligibility criteria. Candidates studying in Classes 11 and 12 can apply for the exam. 


Participating candidates must be from a recognised educational board like CBSE ICSE and other state boards. Read the complete blog to learn more about the ICO exam results for 2023-24.

ICO 2023-24 Exam Date

SOF 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 18, 2024


ICO Result Dates 2023-24

ICO 2023-24 result dates are yet to be announced by the exam conducting authorities. It is expected that the authorities will release the result on the SOF official website in March 2023. The results are also made available on SOF's official website.


How To Check ICO 2023-24 Results?

Students can check the ICO 2023-24 results by following the below steps:

  • Visit the official website of SOF or log in to Vedantu to check the updates.

  • On the main page of SOF, students will find a variety of cards for results, rewards, test dates, participants, and other pertinent information.

  • You'll be brought to the results page when you click the Results card.

  • When the login window appears on the screen. Fill in the details containing your roll number in the pattern "SchoolCode-Class-Section-Roll No."

  • The result will appear on the screen when you enter all your details.

  • Take a printout or a snapshot of it and store it somewhere safe.

 

Details Mentioned In The ICO Results

Candidates can check the following details in their ICO 2023-24 results:

  • Student name

  • Parents name

  • School name

  • Class

  • Roll no.

  • Score

  • International Rank

  • Zone/ State Rank

  • School Rank

 

Results of the ICO Olympiad: Key Rules

  • The world's monetary reward, as well as the certificate of recognition and medal, will be distributed equally among the 10 students who obtained the same rank in the case of foreign winners.

  • If more than ten students attain the same worldwide rank, they will each get a gift of Rs. 1000 instead of a cash reward.

  • The prize money will be distributed equally among all students if up to five students attain the same rank at the zonal level. Each student will receive a gift of Rs. 1000/- if more than 5 students reach the same rank.

  • The following rewards and incentives are available at the school level.

  • The class's top rank holder will get a gold medal of excellence.

  • The school's top three rank holders will get the gold medal of excellence.

  • Medals will be awarded to 10% of the total number of students who earned the highest score in circumstances where more than 25% of the class has enrolled for the test.

  • A Student Performance Report (SPR) will be sent to each student detailing his or her performance on the Olympiad test. The SPR is broken down into six sections. Each part has a distinct purpose, such as comparing student achievement among regions, states, zones, and countries.

  • Each student who takes the exam will receive a participation certificate.

  • The top 25 rank holders in each class will receive medals of distinction.

 

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.


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




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.

 

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

 

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.

Class

Sections

No. of Questions

Marks

Classes 11 and 12

Economics

15

15

 

Business Studies

15

15

 

Accountancy

15

15

 

Achievers Section

5

15


Total

50

60


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.


Important Points To Consider While Preparing For The ICO 2023-24 Exam

  1. The first step to a successful examination is to set your goals and objectives. As a result, if you are committed to taking the ICO test, a high score should be your goal. Throughout the planning process, keep your goal in mind. Also, comprehend the significance of taking the ICO test and how it will benefit your normal academics. You may rest assured that you will win rewards due to the competition.

  2. Following the goal-setting, a thorough comprehension of the curriculum would be the following stage. During this time, the new International Commerce Olympiad Syllabus will be useful. Go through everything to ensure that you have a thorough understanding of the syllabus.

  3. The ICO Olympiad Syllabus will assist you in getting started with your studies. After familiarising 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.

  4. When you are aware of the many topics to be covered and are familiar with them from your normal studies, you will feel more prepared for the ICO tests.

  5. Note the challenging questions that will need to be revised. In this manner, you'll be ready to answer the questions quickly.

  6. Check if you met your daily goals at the end of the day. Always aim to outperform your goal rather than the other way around.

  7. Exam for the ICO The syllabus will give you an understanding of the question pattern. After understanding the question format, you will be more confident in taking the ICO test. It will also help to relieve exam-related stress and anxiety.

The was a complete discussion about the International Commerce Olympaid 2023-24 exam. Hope the students receive all the details regarding the ICO 2023-24 results. Stay tuned with Vedantu for the latest updates on the Olympaid 2023-24 exam.

FAQs on ICO 2023-24 Result

1. Who is eligible to compete in the ICO olympiad?

Ans: The Science Olympiad Foundation (S0F) International Commerce Olympiad (ICO) test is open to 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. Students must fulfil the ICO eligibility 2021 requirements mentioned below to apply for SOF ICO.

2. My school has already dispatched the registration form. I was left out and I would like to register for the olympiad exam. What should I do?

Ans: International Commerce Olympiad (ICO) is a single-level test. Only students in grades 11 and 12 are eligible to participate in ICO. Students from various academic areas are welcome to compete in the International Commerce Olympiad (ICO). By letting students demonstrate their talents, capabilities, memories, and knowledge, ICO makes learning entertaining and engaging for them. You can ask your school to email SOF your pertinent information and fee right away. They will accept it if it arrives before the registration deadline (usually 30 days before the exam). 

3. From where do I get the latest important sample papers?

Ans: You get the latest important sample papers at vedantu.. They have the most recent Important Question Papers for the International Cyber Olympiad (ICO) for classes 11 and 12. Download a free PDF of ICO Important Questions to help you prepare for your test. All of the ICO free Important Question Papers are written by subject specialists and are based on the most recent exam pattern. If you're studying for the International Cyber Olympiad test and want to lay a strong foundation for higher-level competitive exams, these ICO Important Questions free PDFs will help.


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. 

4. Are Olympiad exams compulsory?

Ans: No. Only school children are eligible to take the SOF Olympiad tests. The Olympiad is only open to students in grades 1 through 12. It's also worth noting that there's no requirement for a minimum grade or any other criterion. Participating in an olympiad has several advantages. Olympiads help pupils improve their thinking skills.


They assist pupils in evaluating their talents and gaining a better understanding of their potential. They assist pupils in identifying their deficiencies, which may subsequently be addressed. Olympiads test students' intellects in ways that encourage them to learn more about scientific concepts.

5. Can students apply for the SOF ICO test if their school has less than five students interested?

Ans: Yes, students can apply for the ICO 2023-24 exam even if their schools have less than 5 students interested in taking the SOF ICO test. All students of Classes 11 and 12 are eligible to participate in the SOF ICO 2023-24 exam.