The International Commerce Olympiad (ICO), a single-level test, is co-sponsored by the Science Olympiad Foundation (SOF) and the Institute of Company Secretaries of India. Students in grades 11 and 12 are qualified to enrol in the ICO program. Every ICO participant receives a Student Performance Report (SPR) that evaluates their exam results.
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Students in grades 11 and 12 are eligible to participate in the SOF ICO. Students should complete their registrations through their schools, and each school must register a minimum of 5 students for the SOF ICO. Any school can register as a SOF ICO Level 1 centre. The institution does not have to pay a fee to become a registered examination centre. The ICO Olympiad Exam Registration procedure is explained below.
Important Points of the ICO
The critical points of ICO examinations are tabulated below.
|
Full-Form of ICO |
International Commerce Olympiad |
|
Conducting Body |
SOF |
|
Language |
English |
|
Mode of Application |
Offline |
|
Frequency of Conduction |
Annually Once |
|
Mode of Exam |
Computer-based Test or OMR |
|
Exam Duration |
One hour |
ICO Exam Pattern
There are only multiple-choice questions on 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.
|
Class |
Section |
Number of Questions |
Marks/Question |
Total Marks |
|
11th and 12th |
Economics |
15 |
1 |
15 |
|
Business Studies |
15 |
1 |
15 |
|
|
Accountancy |
15 |
1 |
15 |
|
|
Achievers Section |
5 |
3 |
15 |
|
|
Grand Total |
50 |
60 |
ICO Exam Registration
All SOF-registered schools receive a prospectus containing registration forms. Schools must return the registration forms to SOF by the deadline, duly filled out and complete. Schools that have not yet registered may request a prospectus by emailing info@sofworld.org or phoning 0124-4951200.
The school’s coordinating teacher should complete the SRF (School Registration Form) and SRS (Students’ Registration Sheet) and submit them to the SOF’s office before the deadline. SOF will send out exam information and directions with the exam date and forms received from the school. The SOF will produce roll numbers for all pupils based on the SRS obtained from the school.
2021-22 ICO Registration
Schools in India, Bangladesh, Bhutan, and Nepal pay for the examination expense by submitting a registration fee of Rs. 125, including GST per student, to SOF. Schools may charge an additional Rs. 25 per student to cover the honorarium of the in-charge, instructor salary, and other expenditures. Students with a severe physical disability or an Indian student whose parent was martyred during defence operations do not have to pay a fee.
- Students must register for the test at the schools where the relevant registration form is available.
- To register for the ICO (International Commerce Olympiad) 2021-22, applicants must pay Rs.125. A portion of the money will go to the schools to help them pay for the exam.
- Students must complete the exam form before the International Commerce Olympiad enrollment deadline.
Frequently Asked Questions on ICO Olympiad Exam Registration
What are the advantages of taking the Olympiad Exams for a student?
Students in the eleventh and twelfth grades are about to make the most important decision of their lives. The ICO assists pupils in realizing their potential and capabilities. Aside from self-realization, SOF recognizes students’ potential by awarding merit-based prizes.
- Competitors in the Olympiad are ranked based on their performance. As a result, after completing the exam, students can assess themselves academically on five levels: within the school, at the city level, at the zonal level, at the regional level, and, most crucially, at the worldwide level.
- A Student Performance Report is sent to each student. The SPR assesses a student’s strengths and weaknesses and compares them to those of other students at the school, city, zonal, and international levels.
- There is also an evaluation of the student’s previous years’ performance. Students are appropriately rewarded based on their global, zonal, and school rankings. Cash prizes, medals, gifts, certificates, and other awards are presented annually.
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