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ICO Sample Paper 1 Class 11

Olympiad

ICO Sample Paper 1 Class 11

Last updated date: 25th Apr 2024

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ICO Class 11- Sample Paper 1 (Free PDF Download)

ICO Sample Paper 1 for Class 11 is given in this article in the form of a free-to-download pdf paper, the students attempting for the ICO exam must mandatorily go through this sample paper in order to prepare appropriately for the ICO examination.

The Olympiad ICO sample paper will help you test your preparation in the best way. Vedantu provides the latest sample papers for the International Commerce Olympiad (ICO) here. Download a free PDF of ICO Sample Paper 1 for Class 11 and prepare for your exam in the best way. All the ICO FREE Sample papers are created by subject experts as per the latest pattern of the exam. The importance of sample papers along with how to use them so that you can be one of the IT talents in your school is provided in the article.

ICO Sample Paper 1 Class 11 - Benefits of Solving the Sample Paper

Apart from helping you check your preparation some of the other important uses of solving a sample paper that cannot be neglected are as follows:

Building a good grasp of the concepts is very important. This way your preparation will not be restricted to certain types of questions.
Solving a lot of questions based on similar patterns will help you think differently during the final exam day.
If you start solving the sample paper a month before the exam, you will come across a variety of new patterns that may be present in your exam.
The sample papers that are available on the website of Vedantu are made after a proper analysis of the previous year’s pattern. As they are the experts in the field they can also come up with some new types of questions that are a little twisted but lie on the same concepts.
You will be able to track your time so that you can prevent yourself from undergoing a last-minute panic attack if you still have questions left to solve.
The solutions of these sample papers are also well-defined and explained. So you will be able to get detailed step-by-step guidance. In this process you can then pinpoint your mistakes.

ICO 2023-24 Exam Dates

Students can take note of the following exam dates:

First Exam Dates	12th December 2023
Second Exam Dates	18th January 2023

ICO 2023-24 Syllabus

Students of Class 11 and 12 are required to check the following table to know their respective syllabus:

Class 11

Section 1 Accountancy

Part A: Theoretical Framework for Accounting

Introduction to Accounting
Theory base of Accounting

Part B: Theoretical Framework for Accounting

Recording of Business Transactions
Preparation of Bank Reconciliation Statement, Ledger and Trial Balance
Rectification of errors Section B
Deprecation, Provision, and Reserves
Accounting for Bill of Exchange

Part C (optional): Financial Statements of Sole Proprietorship: From Complete Records only (with Adjustments)

Section 2 Business Studies

Part A: Principles and Functions of Management

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

Class 12

Section 1 Accountancy

Part A: Accounting for Partnership Firms and Companies

Accounting for Partnership Firm
Accounting For Companies

Part B: Financial Statement Analysis

Analysis of Financial Statement
Cash Flow Statement

Section 2 Business Studies

Part A: Foundations of Business

Nature and Purpose of Business
Form of Business Organizations
Public, Private and Global Enterprises
Business Services
Emerging Modes of Business
Social Responsibility of Business and Business Ethics

Part B: Finance and Trade

Sources of Business Finance

ICO Examination Pattern

Following are the ICO Examination Pattern:

Particulars	Details
Type of Questions	Objective (Multiple-choice questions)
Duration of the Exam	One hour (60 minutes)
Mode of Language	English
Sections	Section-1: Economics Section-2: Business Studies Section-3: Accountancy Section-4: Achievers Section

ICO 2023-24 Registration

Check out the highlights for registration for better guidance to participate in ICO 2023-24:

Students willing to participate in ICO must contact their school authorities for registration.
Basically, the schools, in this case, must first register as a center for SOF ICO (No fee is charged for this purpose)
The rule is that a minimum of 5 students are required to participate from each school to get registered with SOF ICO.
After the successful registration of the students, the schools are required to return the prospectus to SOF ICO by the due date.

Fee Details -

Schools and Students	Required Fees
India, Bangladesh, Bhutan, Nepal	Rs. 125 including GST per student. (Schools may charge an extra Rs. 25 per student to cover the honorarium of the in-charge, instructor salary, and other expenditures.
Severely disabled Students/Indian students whose parents were martyred during defense operations	Nil

ICO Examination - Key Features

International Commerce Olympiad is an international-level examination competition for the field of Commerce related subjects - Accountancy, Business Studies, and Economics. The basic features of ICO are as follows:

SOF generally releases the notification of ICO examination.
The examination is normally conducted in the month of December.
ICO is open for all the students who are in Classes 11 and 12.
This is a single-level examination conducted every year.
Students qualifying in this exam are rewarded at school, zonal and international levels.

ICO 2023-24 Results

Students participating in the ICO examination will be on the edge for the release of the ICO results. They can check the same from the official page of SOF sofworld.org.

Result Date

Tentatively February 2023-24

ICO Examination 2023-24 - Preparational Tips

Prior knowledge of the syllabus and the pattern of the paper is a must. This will help you take your preparation in the right direction so that you can get a step closer to what you want to achieve.
The main portion of the exam is the IT knowledge and the commerce related syllabus. Some of the questions are also on verbal and nonverbal reasoning, which requires a lot of practice. Students are advised to take the help of authentic reference books and sort out the questions depending on the pattern.
Every reasoning question and other observational question had a set pattern, students are required to grasp it. Solving multiple sample papers will help you achieve good marks in ICO Examination.
Daily set targets should be achieved this way you will have a track of your progress.
Weekly revision is a must to make sure the lessons learned previously stay updated in the mind.
Another trick for the students is to use sticky notes to make the summary.
Make sure the study resources used by you are authentic and reliable. You are suggested to use online study resources for ICO Examination to enjoy both time and cost-effectiveness.

Conclusion

The students must have benefitted from this ICO Sample Paper 1 for Class 11. This sample paper will genuinely help the students prepare for their ICO examination. Students are required to download the free pdf and take advantage of the same. Apart from this, we also have provided other important information about the ICO exam, do consider checking the same.

FAQs on ICO Sample Paper 1 Class 11

1. How to do the last-minute revision for ICO?

Ans: Whatever you have prepared till now, the best way to gain confidence over them is to revise multiple times. The last-minute revision is the most crucial. To make sure that you have done it properly, keep making notes from the very beginning. Then you can just go through them before the final day. If you think some of the patterns are repeated quite often, highlight them and make separate notes for them. That way you will not forget to go through them during the final revision.

2. How to make the concepts strong in your ICO exam topics?

Ans: You will not be able to gain a good score just by solving the sample paper or the previous year’s question. You have to make your concepts strong and clear so that they can be applied in the right way wherever necessary. Because as you know half knowledge is far more dangerous than no knowledge about a topic. Separate schedules can be made for your weak areas as they require more time devotion. But you have to make sure that you are brushing up your strong areas and solving multiple questions related to them.

3. How can you access the PDF of the ICO sample paper?

Ans: To make the sample paper available to every student who is aspiring to clear the ICO exam with flying colors, Vedantu has made it freely accessible through its official website. These ICO sample papers Free PDFs are very useful if you are preparing for the International Commerce Olympiad exam and want to build a very strong foundation for higher-level competitive examinations. Select your class and you can download the PDF. Apart from the sample paper, other resources can also be accessed which will boost your preparation.

4. How beneficial is the sample paper of ICO?

Ans: The sample paper is made after thorough research on the previous patterns. These sample papers will give you an equal level of competition as you can expect on your final day. So once you have completed your syllabus and are confident about your concepts make sure that you solve this sample paper. All the sections and the pattern are covered in the sample paper. This way you will not miss any important concepts that are more likely to appear on the final exam day.

5. What other resources are available on the website of Vedantu?

Ans: This fast-growing online studying platform has expanded a lot, this way they are now able to provide more resources to the students. These resources are easy to download and will be helpful for types of higher competitive exams. They have a wide range of faculty who have years of experience. For getting one to one mentor you have to register, this way you will get proper guidance throughout your preparation. This part of the guidance is also very important for you to succeed.