ICO Eligibility Criteria

The Science Olympiad Foundation (SOF) and the Institute of Company Secretaries of India co-sponsor the International Commerce Olympiad (ICO), a single-level test. The ICO program is open to students in grades 11 and 12. Every student who takes an ICO test receives a Student Performance Report (SPR), which analyses their exam results.

Students in grades 11 and 12 can compete in the SOF International Commerce Olympiad. There are no other ICO Eligibility Criteria, such as minimum grades. The SOF ICO test consists of only one level. Students from the sciences, business, and humanities can participate in the SOF ICO.

Important Points of the ICO

The critical points of ICO examinations are tabulated below.

Full-Form of ICO

International Commerce Olympiad

Conducting Body




Mode of Application


Frequency of Conduction

Annually Once

Mode of Exam

Computer-based Test or OMR

Exam Duration

One hour

ICO 2022 Eligibility Criteria

  • All students in Classes 11 and 12 are eligible to take the Olympiad exam.
  • The CTF will not accept fewer than 20 entries from a single class or 10 from Classes 11 and 12, in case one of the classes is participating.
  • The foundation has not set any additional ICO exam eligibility requirements, such as minimum passing scores.

Students must meet the qualifying requirements listed below in order to apply for ICO 2022.


Any Gender


11 and 12


Students in the sciences, humanities, and commerce are eligible to apply for ICO 2022.

ICO Exam Pattern

There are only multiple-choice questions in the exam paper, and the student has a maximum time limit of 1 hour or 60 minutes to complete the exam. Economics, Business Studies, Accountancy, and Achievers are the four sections of the question paper.



Number of Questions


Total Marks

11th and 12th





Business Studies








Achievers Section




Grand Total



Frequently Asked Questions on ICO Eligibility Criteria

Who is eligible to participate in the ICO Olympiads?

Students in grades 11 and 12 can participate in the SOF ICO. There are no further ICO exam eligibility requirements, such as passing with a minimum score. The SOF ICO test has only one level. Students from Commerce and Humanities, as well as Science, are eligible for the ICO Olympiad.

What are the advantages of taking Olympiad Exams for a student?

Students in the 11th and 12th grades are on the verge of making the most crucial decision of their lives. The ICO supports students in the self-realization of their abilities and potential.

  • Beside self-realization, SOF also recognizes a student’s potential by giving merit-based rewards to them.
  • Olympiad competitors are ranked based on their performance. As a result, students can evaluate themselves academically at five different levels after passing the exam: within 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 sent to each student.
  • The SPR assesses the student’s strengths and weaknesses and provides a detailed performance comparison of the student to other students at the school, city, zonal, and international levels. There is also a review of the student’s previous years’ performance.
  • Students are accordingly rewarded based on their international, zonal, and school rankings. Cash awards, medals, presents, certificates, and other prizes are announced annually.
  • The International toppers in each class are honoured at a big prize distribution ceremony in Delhi, presided over by notable figures.
  • Zonal and school winners receive their prizes sent to their respective schools.</div>

When will the results of the Olympiad be announced?

The results of the Olympiad are revealed eight weeks after the last examination date. The results are sent to the respective schools. The results of the Olympiad are also available on the official website.

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