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ICO Olympiad Sample Papers for Class 11 and 12

Q: 1. What are the benefits of attempting the ICO?

Here are some benefits of ICO:ICO is conducted for students of Class 11 and 12. Exposure to the International Commerce Olympiad will provide you insights on the Commerce stream, this will help in deciding your interest of study for your undergraduate studies.It helps to increase your mathematical skills.You can get an idea of your academic growth by evaluating your results.

Q: 5. Can a Humanities student apply for ICO?

Yes, SOF (Science Olympiad Foundation) has mentioned in the issued guidelines that a Humanities student is eligible to apply for the ICO.

Olympiad

ICO Olympiad Sample Papers for Class 11 and 12

Last updated date: 25th Apr 2024

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ICO Olympiad Sample Papers for Class 11 and 12, ICO Syllabus, Exam Pattern and Preparation Tips

The ICO Olympiad sample papers by Vedantu are designed to make students familiar with the ICO exam pattern and the type of questions that appear in the ICO Olympiad.

These sample papers cover the entire ICO syllabus and are designed after thorough research on ICO olympiad’s previous years’ exams.

Students must know the ICO (International Cyber Olympiad) exam structure and detailed syllabus to attain high scores. ICO serves as a great platform for students of class 11 and 12 to represent their abilities Internationally. ICO preparation increases the student’s knowledge of Commerce sectors, hence helping them with their future studies. Scroll down to read the ICO preparation tips,and benefits of solving ICO sample papers for Class 11 and 12.

The links are provided to download ICO Olympiad Sample Papers for Class 11 and 12 in PDF format.

ICO Sample Papers for Class 11 & 12

ICO Olympiad Class 11 Sample Paper

ICO Olympiad Class 12 Sample Paper

About ICO

The International Commerce Olympiad (ICO) by the Science Olympiad Foundation (SOF). Students studying in class 11 and 12 can enrol for this examination. The ICO is a single level examination and expertise in Commerce. Students studying Humanities or Commerce can take the ICO exam. Every student is given a Student Result Report (SPR) for self-evaluation of their exam performance. This exam is an opportunity for students to demonstrate their academic talent in the Commerce stream. ICO is helpful for those willing to pursue mainstream subjects of the Commerce course.

ICO Exam Pattern 2023-24

The ICO exam pattern for Class 11 and 12 are provided below. Students must know the section division of their syllabus for easier preparation.

ICO Question Paper Format

The exam contains only multiple choice questions.
The maximum duration of time is 1 hour for students to complete the exam.
English will be the medium of instruction and questions.

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.

ICO Syllabus for Class 11 and 12

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 for Class 11 and 12

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

Benefits of Solving ICO Sample Papers

Syllabus of ICO majorly consists of numerical questions and the rest of the questions are of objective nature. ICO sample papers will provide you with ample experience with these types of questions.
Solving ICO sample papers will help you gain insights on the importance of every topic, consequently making you more prepared for the exam.
Solving ICO sample papers is the best method to test your knowledge and problem solving skills. You can time yourself while solving the sample papers and increase your pace gradually.
At Vedantu, ICO sample papers PDFs are available to download for free, making it the best choice to prepare for your exams.

Conclusion

We provide free ICO sample papers that are downloadable in PDF format. Students can prepare for ICO (International Commerce Olympiad) with the help of these sample papers. The ICO study material at Vedantu is prepared diligently and covers the entire ICO syllabus. Here at Vedantu, students can learn about ICO exam pattern, syllabus and weightage of each topic for achieving best results in their exams.

FAQs on ICO Olympiad Sample Papers for Class 11 and 12

1. What are the benefits of attempting the ICO?

Here are some benefits of ICO:

ICO is conducted for students of Class 11 and 12. Exposure to the International Commerce Olympiad will provide you insights on the Commerce stream, this will help in deciding your interest of study for your undergraduate studies.
It helps to increase your mathematical skills.
You can get an idea of your academic growth by evaluating your results.

2. How is Vedantu helpful for preparation?

The expert faculties of Vedantu have put together reliable study material which is designed after thorough research on respective exams. Students can rely on Vedantu’s study resources for clearing their doubts and gaining comprehensive knowledge. Here numerous study materials are available such as mock test series, previous years’ question papers, sample papers, revision notes and textbook solutions. Vedantu is India’s most trusted e-learning platform, where students find solutions to their every problem.

3. Which subjects are enough for clearing ICO?

There are 4 sections in exam structure for class 11 and 12. You must grasp theoretical and practical knowledge of all the mainstream commerce subjects- Accountancy, Business Studies and Economics. Recognise your weak and strong topics

4. Are sample papers enough to prepare for ICO?

The main purpose of ICO is to enhance mathematical skills and range of knowledge under commerce stream. Students are encouraged to learn the concepts of every subject and practise the questions related to them on a daily basis. ICO sample papers are the best resources for students to analyse their knowledge level, you are advised to primarily gain complete understanding of topics and then resort to ICO sample papers.

5. Can a Humanities student apply for ICO?

Yes, SOF (Science Olympiad Foundation) has mentioned in the issued guidelines that a Humanities student is eligible to apply for the ICO.