ICO Eligibility Criteria 2022-2023: Candidates studying in Classes 11 and 12 are eligible to participate in the ICO Exam. There is no other requirement of ICO exam. Students can be from any stream, including Science, Commerce, or Humanities. They should be s recognized educational board like CBSE, ICSE, and other state boards. ICO stands for International Commerce Olympiad. It is a single level exam conducted by the Science Olympiad Foundation (SOF) in the collaboration with Institute of Company Secretaries Of India. The major subjects for the International Commerce Olympiad (ICO) are Accountancy, Business Studies, Economics, and Achiever’s section. The maximum number of students required from each class is 20.There is no criteria like minimum passing scores. The Olympiad helps the candidates analyze their strengths and weaknesses. Furthermore, through the exam, they can also self-access them at four levels: School, City, Zonal, Regional and International levels. The winner are awarded as per their performance at each level, including cash prizes, medals, presents, Certificates, and other prizes.
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Table of Content
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Recommended: Study for your Exams with Safalta School online. We provide Preparation materials for Classes 9-12 that can boost your preparations.
Table of Content
| ICO: An Overview |
| ICO Eligibility Criteria |
| ICO Exam Pattern |
| ICO Exam Benefits |
Access FREE E-BOOKS at SAFALTA. These books are not just free of cost, but they are also packed with ample knowledge and information related to your studies.
Check out FREE MOCK PAPERS. These help you test your own yourself and help you prepare for your exams in a better way.
ICO 2022-2023: An Overview
| Full-Form of ICO | International Commerce Olympiad |
| Conducting Body | SOF |
| Language | English |
| Mode of Application | Offline |
| Frequency of Exam | Anually |
| Mode of Exam | Computer-based Test or OMR |
| Exam Duration | One hour |
Eligibility Criteria for ICO 2022-2023
- The Students from Classes 11 and 12 are eligible to take part in the International Commerce Olympiad (ICO) exam.
- The maximum number of students required from each class is 20.
- There are no criteria like minimum passing scores.
| Gender | Any gender can take part in the ICO |
| Class | 11 and 12 |
| Details | Students in the sciences, humanities, and commerce are can apply for ICO 2022-2023 |
Also read:
International Mathematical Olympiad (IMO)
National Science Olympiad (NSO)
Internationa English Olympiad (IEO)
International General Knowledge Olympiad (IGKO)
International Commerce Olympiad (ICO)
ICO Exam Pattern 2022-2023
The question paper consists of Multiple-Choice questions, and the time allotted is 60 minutes for 50 questions. The 4 sections of the exam are Economics, Business Studies, Accountancy, and Achievers.| Class | Section | No. of Questions | Marks per each question | Total Marks |
| 11 and 12 | Economics | 15 | 1 | 15 |
| Grand Total | Business Studies | 15 | 1 | 15 |
| Accountancy | 15 | 1 | 15 | |
| Achievers Section | 5 | 3 | 15 | |
| 50 | 60 |
What are the advantages of participating in the ICO Olympiad?
- This exam allows the students to realize their potential and abilities.
- Another benefit is that it offers the scholar a chance to identify their potential by distributing rewards among them.
- There are some ranks in the Olympiad for the students, which help assess them in five phases, including school, state, zonal, city, regional, and international levels.
- The candidates will get a student performance report.
- The Olympiad allows the students to analyze their strengths and weaknesses. Additionally, through the exam, they can also self-access them at four levels: School, City, Zonal, Regional and International levels.
- The candidates will be given rewards as per their performance at each level, including cash prizes, medals, presents, Certificates, and other prizes.
- The toppers of the International level are given big prizes in the ceremony conducted in Delhi. It is a matter of prestige.
- The school that tops at the zonal and school level is awarded the prize on campus only.
Who can participate in the ICO Olympiad?
The candidates from classes 11 and 12 can take part in the exam. The criteria like minimum passing marks have no mention. ICO is a single elvel exam. Furthermore, Students from any stream, including Science, Humanities, and Commerce, can participate in the International Commerce Olympiad (ICO).
What are the benefits of taking part in the ICO exam?
This exam allows the students to realize their potential and abilities. Another benefit is that it offers the scholar a chance to identify their potential by distributing rewards among them.
At what levels are the ICO result declared?
The Olympiad allows the students to analyze their strengths and weaknesses. Additionally, through the exam, they can also self-access them at four levels: School, City, Zonal, Regional and International levels.
What are the rewards of ICO Exam?
The candidates will be given rewards as per their performance at each level, including cash prizes, medals, presents, Certificates, and other prizes.
When will the results of the ICO be released after the exam?
The results are announced generally after 8 weeks of the exam dates, which are sent to the schools. However, Candidates can also check them on the SOF website.