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International Commerce Olympiad Result 2023-24

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Last updated date: 25th Apr 2024
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Olympiads

ICO Level 1 Exam Results 2023-24

The International Commerce Olympiad is organised by the Science Olympiad Foundation (SOF) in partnership with the Institute of Company Secretaries of India. It is organised for students of classes 11 and 12 only.

 

The International Commerce Olympiad was created with the express objective of showcasing the professional competence of commerce educators throughout the world. The Commerce Teachers' Association is a Delhi-based organisation that was founded in 2007 under the Societies Registration Act. 

 

However, they then chose to expand to accommodate the demands of Indian and international professors and students. The Commerce Teachers' Foundation became a nationwide organisation after a while. The CTF works hard to recognise the potential in Commerce topics and to create a level playing field for younger students. It also assists youngsters in becoming familiar with competitive tests, as they are typically introduced to exams offered by the Institute of Chartered Accountants of India immediately after school. Every year, the ICO for grades 11 and 12 is held in all CBSE affiliated schools.

How are Ranks Determined in ICO Result 2023-24?

The standings are determined by the scores obtained on the ICO test.

 

If two or more students have the same grade, the rankings are determined by the grades they received in the following areas, in order of priority: Section-1: Economics, Section-2: Business Studies, Section-3: Accountancy and last Section-4: Achievers Section

If the tie persists in ICO result 2023-24, the student's previous class grades are taken into account.

 

If the tie persists after taking into account the previous semester's grades, pupils will be assigned the same rank.

 

How to Check ICO Result 2023-24?

Students can check their International Commerce Olympiad 2023-24 results at their schools or by following the instructions below.

  • Go to the official website of the Science Olympiad Foundation (SOF).

  • On the main page, students will find several cards for results, rewards, test dates, participants, and other identifying details.

  • You will be redirected to the result page when you click the result card.

  • To verify yourself you need to provide your Roll number which is written on your admit card.

  • The result will appear on the screen when you enter your roll number.

  • You can download and save the result on your phone or laptop. 

 

ICO 2023 Important Dates and Key Features

International Commerce Olympiad is an international-level examination competition for the field of Commerce related subjects - Accountancy, Business Studies, and Economics. 

Event

Tentative Dates

SOF ICO exam (Set – A)

12th December 2023

SOF ICO exam (Set – B)

18th January 2024

Declaration of result

2nd Week of February 2023 (Tentative)

Points you should know about ICO 2023 exam are: 

  1. ICO is conducted for all students in Classes 11 and 12, and is based on the academic syllabus of commerce stream. 

  2. This is a single-level examination conducted every year. 

  3. Students qualifying in this exam are rewarded at school, zonal and international levels. 


ICO Eligibility Criteria 2023-24  

The Olympiad 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.

 

Thus, interested students now know everything about ICO 2023-24 and can check their ICO results 2023-24 on the official website of SOF. For better preparation for the exam, students can visit the official website of Vedantu and free PDF download ICO 2023-24 sample papers, mock tests and other study resources.

FAQs on International Commerce Olympiad Result 2023-24

1. What are the Benefits of ICO Olympiad Exams for Students?

Olympiad competitors are ranked according to their performance. As a result, students may evaluate themselves academically on four separate levels after passing the exam: inside the school, at the city level, at the Zonal level, at the regional level, and, most importantly, at the international level. A Student Performance Report is given to each of the pupils (SPR). The SPR assesses the student's strengths and weaknesses, as well as provides a thorough performance comparison of the student to other students at the school, city, zonal, and international levels. A review of the student's performance over the previous three years is also included.

2. Where can I get a copy of the ICO 2023 Syllabus?

The syllabus for the International Commerce Olympiad (ICO) is available for download on Vedantu. Students can download the ICO Olympiad Syllabus if they want to do well in the exam. The course has been thoroughly examined under the most recent National Commerce Olympiad exam pattern by our highly competent subject professors. The Science Olympiad Foundation's International Commerce 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 classes from 11 to 12. The syllabus is the first and most important item to consult before preparing for any exam.

3. What are the four sections of the International Commerce Olympiad (ICO) exam?

Each of the four parts of the test has 15 questions. Each question is worth one point. The four sections are:

Section 1 -  Introduction to Macroeconomics and Indian Economic Development are included in this section.


Section  2 - This section covers various aspects of business studies such as planning, organising, staffing, directing, and controlling.


Section  3 - Accountancy chapters are covered in this part. Knowledge of corporate accounting, financial statement analysis, and cash flow statements, among other things, is necessary.


Section  4 - Higher-order thinking questions are included in the Achievers section.

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

Following the goal-setting, a thorough understanding of the syllabus would be the first step. During this time, the updated International Commerce Olympiad Syllabus will be useful. Go through everything to ensure that you have a thorough understanding of the syllabus. 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.

5. What is the exam pattern of the International Commerce Olympiad (ICO) exam?

The exam pattern for students taking the ICO exam is provided below so that they can prepare accordingly.

  1. The type of question will be objective, i.e. multiple-choice.

  2. Students will have one hour to finish the exam.

  3. The examination will be conducted in English.

  4. Each class will have two separate sets of question papers.

  5. The test paper will be based on the CBSE, ICSE/ISC, and State Board syllabuses.

  6. The exam will take place during the school day.

  7. The question paper will be divided into four section results: Section 1 Economics, Section 2 Business Studies, Section 3 Accountancy and last Section 4 Achievers Section