International Commerce Olympiad (ICO) by CTF for Class 11 & 12 Students
by Commerce Teachers' Foundation (CTF)
Prizes
International Commerce Olympiad (ICO) by CTF for Class 11 & 12 Students is a competition by Commerce Teachers' Foundation (CTF) for students in Class 11–12, open to students across India.
Mode
Hybrid
Eligibility
Class 11–12
Fee
₹299
Duration
1 hour (Class 11), 2-3 hours (Class 12 depending on combinations)
Format
Individual
Time needed
The exam duration is 1 hour for Class 11 and 2-3 hours for Class 12, depending on the chosen combinations. Preparation time will vary per student, typically requiring dedicated study of commerce subjects.
About This Opportunity
The International Commerce Olympiad (ICO) is an annual academic competition designed to identify and nurture talent in Commerce subjects among students of Class 11 and 12. Organized by the Commerce Teachers' Foundation (CTF), a non-profit organization, the Olympiad aims to provide a platform for young students to test their knowledge and prepare for competitive exams like CUET, BBA, or CPT. It helps students familiarize themselves with the format and challenges of such examinations early on.
All students enrolled in Class 11 and 12, regardless of their academic stream (Science, Humanities, or Commerce), are eligible to participate. While individual student registration is possible for the online mode, schools must register a minimum of 5 to 20 entries, depending on the specific class participation. There are no minimum marks required for eligibility.
Participants gain valuable exposure to competitive exam environments and enhance their problem-solving, critical thinking, and cognitive skills. The Olympiad helps students widen their horizons, gain confidence, and clarify concepts in commerce. Certificates are provided to all participants, and top performers receive cash awards, medals, and recognition at international, zonal, and school levels.
The ICO is conducted in both online and offline modes, with two rounds available for the online format. The exam covers subjects like Accountancy, Business Studies, Economics, and includes a section for Higher Order Thinking Questions. Sample papers and previous years' question papers are available to help students prepare effectively.
Eligibility
- Grade Level
- Class 11–12
- Age Range
- 16 - 18 years
- Location
- Nationwide
Academic requirement
Open to students from Science, Humanities, and Commerce streams.
Prerequisites
- Enrollment in Class 11 or 12 at a recognized school.
Students in Class 11 and 12 (ages 16-18) from any academic stream are eligible. No minimum marks are required. Individual online registration is available, while schools must register a minimum of 5 to 20 students.
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Academic Details
Difficulty: Intermediate
What's covered
The syllabus for Class 11 covers Introductory Microeconomics, Statistics for Economics, Nature and Purpose of Business, Forms of Business Organisations, Business Services, Accounting Process, Financial Statements, and Higher Order Thinking Questions. For Class 12, it includes Introductory Macroeconomics, Indian Economic Development, Management principles, Financial Management, Financial Markets, Marketing Management, Consumer Protection, Accounting for Partnership Firms, Accounting for Companies, Analysis of Financial Statements, Cash Flow Statements, and Computerised Accounting. The curriculum aligns with CBSE, ICSE/ISC, and State Board syllabi.
Rewards & Recognition
Prizes
Gold, Silver & Bronze Medals
Top international rank holders receive Gold, Silver, and Bronze medals. School toppers also receive a Gold Medal of Excellence.
Certificate
Participation & Merit Certificates
All participants receive a Certificate of Participation. Students scoring 60% and above receive a Certificate of Merit. Top international rank holders receive a Certificate of Outstanding Performance.
Opens doors to
Participation in the Olympiad is valued by prestigious institutions like IIMs and enhances a student's profile for higher education admissions, providing a competitive edge for universities and professional courses like CUET, BBA, and CPT.
Recognition
International & National Recognition
Skills your child builds
Highlights
- Incorporation of subjects like Economics, English, and Mathematics for Class 12 students to align with CUET exam patterns.
- Offers exposure to competitive exams at an early stage.
- Provides a detailed Student Performance Report (SPR) to each participant, analyzing their exam attempt.
Exam format
- Total marks
- 60
- Duration
- 60 minutes
- Format
- Multiple Choice Questions (MCQ) and problem-solving tasks.
- Language
- English
Rounds & format
The Olympiad can be conducted in online and offline modes. The online mode has two independent rounds. Round 1 is designed to encourage students, while Round 2 is more challenging with a higher difficulty level. Schools can choose to participate in either Round 1 or both rounds. Offline mode typically has one round. Exam dates are announced in advance, with separate question papers for each date.
How entries are judged
Ranks are determined by scores obtained in the ICO test. In case of a tie, rankings are determined by scores in specific sections in order of priority: Economics, Business Studies, Accountancy, and Achievers Section. If the tie persists, previous class grades are considered. If the tie still persists, students are assigned the same rank.
Selection process
Selection is based on the scores achieved in the Olympiad examination. There are no minimum marks for eligibility to appear for the exam.
How to apply
- 1Students must register through their respective schools. Schools can register online on the official website.
- 2Individual student registration is also possible for the online mode.
- 3Schools need to submit student details and make the requisite payments.
- 4It is recommended to apply at least 30 days before the exam date.
How to prepare
- Sample papers provided by SOF/CTF
- Previous years' question papers
- Recommended ICO Olympiad books
- Regular practice and study of Commerce fundamentals
Fees & financial support
Fee details
The registration fee is INR 299 per student (including GST) for schools (offline mode) and INR 199 per student for the online test. Schools may charge an additional INR 25 per student for honorarium of the in-charge, teacher remuneration, and other expenses. Students with major physical disabilities or whose parents were martyred in defense operations are exempt from fees. No refund will be provided if a student registers but does not appear for the exam.
Financial support
Scholarships are provided to top international, zonal, and school rank holders as part of the awards. For the academic year 2024-25, SOF allocated over ₹24 Crores for awards, scholarships, gifts, and felicitations.
Refund policy
No refund will be provided if a student registers but does not appear for the exam.
Frequently asked questions
Is International Commerce Olympiad (ICO) by CTF for Class 11 & 12 Students free?
₹299 registration
Who can participate in International Commerce Olympiad (ICO) by CTF for Class 11 & 12 Students?
Students in Class 11–12. children aged 16-18.
What will my child gain from International Commerce Olympiad (ICO) by CTF for Class 11 & 12 Students?
Top Three Students (from both OMR and Online Rounds) will be honored with the prestigious. “Vanijya Shree” Awards, (subject to a minimum participation of 10 students in the respective. class.). Merit Certificates will be awarded to all students scoring 60% and above (separately for Offline. and Online rounds).. Appreciation Certificates will be given to students scoring between 33% to 59%.. Digital Participation Certificates will be issued to students scoring below 33%.. Topper Recognition: A topper from each class and each school with a minimum of 60% marks. (irrespective of subject combination), will receive a Trophy and Certificate of Excellence.. (Applicable only if at least 10 students from the class participate) Memento will be presented to each participating school in recognition of their involvement in. ICO..
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