Are you ready to participate in International Commerce Olympiad!

 

Olympiads are competitions in which students compete against pupils of similar educational levels. Exams like these encourage students to gain skills in disciplines like Maths, Science, Computer, Commerce, General Knowledge, Social Science and English language. Examining for an Olympiad is a popular approach since it offers several benefits, not only in terms of improving academic profiles but also in terms of training young students to think critically and analytically.

The International Commerce Olympiad (ICO) is a competition designed for Commerce students in grades 11 and 12. It is organized by the Science Olympiad Foundation in collaboration with ‘The Institute of Company Secretaries of India’.

How to Register in SOF ICO

Students in grades 11 and 12 are eligible to participate in the SOF ICO. Students should make their registrations through their schools. Each school must register a minimum of 5 students for the SOF ICO. To register please fill the ICO Registration Form and submit them with the organization.

To the complete procedure of registration, must read Online Registration for Students

Syllabus

 There are 4 sections in exam question paper are asked in exams and CBSE, ICSE/ISC and State Board syllabi are followed for setting the test papers. 

1.       Economics

2.       Business studies

3.       Accountancy

4.       Achievers section

Class 11:-

Section – 1: Introductory Microeconomics, Statistics for Economics.

Section – 2: Nature and Purpose of Business, Forms of Business Organizations, 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: Theoretical Framework, Accounting Process, Financial Statements of Sole Proprietorship from Complete and Incomplete Records, Computers in Accounting.

Section – 4: Higher Order Thinking Questions - Syllabus as per Section-1, Section-2 and Section-3.

 Class 12:-

Section – 1: Introductory Macroeconomics, Indian Economic Development.

Section – 2: Nature and Significance of Management, Principles of Management, Business Environment, Planning, Organizing, Staffing, Directing, Controlling, Financial Management, Financial Markets, Marketing Management, Consumer Protection.

Section – 3: Financial Statements of Not-for-Profit Organizations, Accounting for Partnership Firms, Accounting for Companies, and Analysis of Financial Statements, Cash Flow Statement, Computerized Accounting.

Section – 4: Higher Order Thinking Questions - Syllabus as per Section-1, Section-2 and Section-3.

 Exam Pattern: Level 1 of the SOF ICO will take place on January 20th and February 3rd, 2022. The exam consists of 50 multiple-choice questions with a time limit of 60 minutes. Section 1, 2 and 3 comprises 15 questions per section each of 1 mark and section 4 consists of 5 questions of 3 marks, making it a 60 marks exam.

Sample Papers:   Many students will take part in the ICO, raising the bar for competition; therefore you'll need to prepare yourself with quality study materials. We recommend you to practice for ICO with MTG’s ICO 4 years (Instant download eBook) available for class 11 and class 12. MTG is the official academic partner of SOF and design exclusive study material for all the Olympiads and competitive examinations.

 

For more details related to preparation of Olympiads, must read: Step by Step Preparation Guide for Olympiad Preparation

 

Awards: SOF ICO winners will get international, zonal, and class topper awards. In which they get cash prize, trophies, gifts, medals and certificates.

 

Prepare to take on new challenges and earn a spot on the leaderboard.

Best Wishes!