ICO Olympiad Mock Test

Olympiad

ICO Olympiad Mock Test

Last updated date: 06th May 2024

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ICO Mock Test PDF for Class 11 and 12, ICO Syllabus, Exam Pattern

ICO Olympiad mock tests are available at Vedantu for students to download. ICO (International Commerce Olympiad) is designed to test student’s aptitude regarding the mainstream subjects of Commerce. Students whose interest of study is Commerce benefits the most by giving the ICO. You can find complete syllabus details and ICO exam pattern here at Vedantu.

To score high marks in ICO, preparation should be done with the help of reliable study materials. Vedantu provides expert curated ICO Mock tests to increase student’s preparedness. The links to download these mock tests are provided below.

Practising as much as possible is the only way to score well and make the most of your preparation. Especially, the mock tests available on our website are on the same lines as the main exam thus, enhancing your performance towards the potential questions.

Benefits of ICO Mock Test

Mock tests are precisely for the purpose of giving the outline to the students on how to approach the problem when given in the main exam. Here, we provide you with amazing content of mock tests which are free to use for every student. It is recommended to grab this opportunity.
This mock test is of the highest quality since it is created by our subject experts. And these were made after thoroughly studying the pattern of the papers of the previous year’s questions and also keeping the updated syllabus in mind. We are offering you the best resource, for free. Do not miss this opportunity, appear for the mock tests and learn what are the areas you can improve upon.
Attempting mock tests will give you a clear idea of where you make mistakes, help you keep track of your progress and eventually students will drastically improve before taking up the main exam. Students also have a better understanding of the concepts so the probability of committing mistakes will be reduced.
The mock tests will also help them manage their time. By taking up the test, you can understand how good or bad your preparation is for the main exam.
These papers ensure that students are given the maximum practice before they appear for the main exam. This free PDF of the mock test is available in all the subjects. Students are welcome to make use without a second thought as it is completely free and easily available.
The mock test follows the same syllabus and pattern. There will be 50 questions and each of 1 mark which need to be answered within one hour. They replicate the main examination in all ways. Give it a shot and be the judge of your own performance.

ICO Syllabus 2023-24

The International Commerce Olympiad is conducted to improve the academic performance and aptitude skills of students of Class 11 and 12. To make the best use of ICO, students should engage themselves diligently in preparation. The primary step to prepare for ICO is to stay updated with the current syllabus. We have provided the syllabus (subject-wise) list along with listing the important topics. Read about the ICO exam pattern and marking scheme by scrolling down further below.

ICO Syllabus for Class 11:

Section	Syllabus of Section
Economics	Introduction to Microeconomics Statistics of Economics
Business Studies	Nature and purpose of business Forms of Business Organisation Public, Private and Global Enterprises Business Services Emerging Modes of Business Social Responsibility of Business Source of Business Finance Internal Trade International Business
Accountancy	Introduction to Accounting Theory base of Accounting Recording of business transactions Preparation of bank reconciliation statement, ledger and trial balance Rectification of errors Depercation, provision,and reserves Accounting for bill of exchange Financial statements of sole proprietorship Nature and significance of management Principles of management Business environment Planning Organising Staffing Directing controlling
Achievers Section	High-order thinking skills questions based on Economics, Business Studies and Accountancy

ICO Syllabus for Class 12:

Section	Section Syllabus
Economic	Introductory Macroeconomics Indian Economic Development
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
Accountancy	Financial statements of nonprofit organisations Accounting for partnership firms Accounting for companies Analysis of financial statements Cash flow statement Computerised accounting
Achievers Section	High-order thinking skills question based on Business Studies, Economics and Accountancy

ICO Marking Scheme

Here is a tabulated form, listing the division of marks per question. Refer to the given list below for a clearer understanding of ICO exam structure.

Section	Number of Questions	Marks per question
Economics	15	1
Business Studies	15	1
Accountancy	15	1
Achievers Section	5	3
Total	50	60

ICO Exam Pattern 2023-24

Particular	Specification
Question Type	Multiple choice questions
Duration	1 hour
Medium	English

ICO Exam Structure (Subject-wise)

Sections	Subjects
Section-1	Economics
Section-2	Business Studies
Section-3	Accountancy
Section-4	Achievers Section

The exam will take place during school hours only, no additional test hours are scheduled before or after school’s regular operating hours.

FAQs on ICO Olympiad Mock Test

1. How to Download ICO Mock Test PDFs?

Ans: Vedantu provides ICO Mock test PDFs that can be easily downloaded. Visit Vedantu’s page of ICO Mock Test, there you will find links to download ICO Mock Test PDFs which are free of cost. which is created by our subject experts. Students can evaluate their level of knowledge and preparedness with the help of these mock tests as Vedantu’s ICO Mock Tests contain detailed explanation, solutions and process for answers. This will help you to identify your mistakes and understand how to evaluate them. In fact, self-evaluation is the best methodology to keep track of your progress.

2. Can the exam be given in any other language apart from English?

Ans: Well, the ICO exam is available in English, it is the most recommended and it is the most chosen language among the students. So for a better experience, it is suggested to take up the test in the English language itself. Taking up the exam in the English language will be easier once you practise more in the same. All the important questions and mock tests available on both Vedantu’s website and mobile application. You can download that for free and practice with that.

3. What kind of questions come in the ICO Olympiad?

Ans: The ICO is an objective mode exam, the question nature of ICO is objective as well. Majorly mathematical questions based on the subjects- Accountancy, Business Studies and Economics will be asked. Other than these, direct questions that involve theoretical knowledge of these subjects will be asked.

4. Can I also view the previous test results on Vedantu?

Ans: After logging in you can view your test history. So yes, your previous scores are recorded, you can keep track of your progress. On the website, enter your credentials and log in, there you can find the history of your progress. You can compare your scores and understand how much you have improved. This tool will truly help you record and improve your preparation.

5. Can students register individually ?

Ans: The process of registration is kept fairly simple since it is a portal for students. Students can register themselves and it will hardly take a few minutes for the whole process. The entire process is well explained in a step-by-step manner on the Vedantu website. It is also a guided sign up, so you can make use of it.