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International Commerce Olympiad Syllabus 2024

Updated on - Mar 14th, 2024 | 12:31 PM by Ayesha T

Science Olympiad Foundation (SOF) aims at promoting subjects like Science, Mathematics, English, Computer Education, General Knowledge, and Professional Courses. Commer Olympiad was recently introduced by SOF which is conducted for classes 11 and 12. ICO paper consists of four sections focusing on business development, economic, basic accounts calculation, and finance.

SOF ICO Syllabus

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International Commerce Olympiad Syllabus

The SOF ICO exam initiated by the foundation makes the process of learning interesting and interactive, wherein you are able to put your skills, memory, talent, and knowledge to the test.

Below mentioned is the ICO Syllabus for Class 11 and Class 12.

SOF ICO Class 11 Syllabus

International Commerce Olympiad comprises questions on economics, business trends, and basic accountancy skills.

Sections

Syllabus

Economics Section
  • Introduction to MicroEconomics
  • Statistics For Economics

Business Section
  • Nature and Purpose of Business
  • Forms of Business Organisation
  • Public, Private, and Global Enterprises
  • Business Services
  • Emerging Modes of Business
  • Social Responsibility of Business and Business Ethics
  • Source of Business Finance
  • Small Business
  • Internal Trade
  • International Business

Accountancy Section
  • Theoretical Framework
  • Accounting Process
  • Financial statements of sole proprietorship from complete and incomplete records
  • Computers in Accounting

Achiever's Section

Higher Order Thinking Questions (Syllabus as per Section 1, Section 2, and Section 3)

SOF IMO Class 12 Syllabus

Commerce Olympiad for class 12 covers topics and syllabus from CBSE, ICSE, State Board, or other recognized boards in India.

Sections

Syllabus

Economics Section
  • Introductory Macroeconomics
  • Indian Economic Development

Business Section
  • Nature and Significance of Management
  • Principles of Management
  • Business Environment
  • Planning
  • Organizing
  • Staffing
  • Directing
  • Controlling
  • Financial Management
  • Financial Markets
  • Marketing Management
  • Consumer Protection

Accountancy Section
  • Financial Statements of Non-Profit Organisations
  • Accounting for Partnership Firms
  • Accounting for Companies
  • Analysis of Financial Statements
  • Cash Flow Statement
  • Computerized Accounting

Achiever's Section

Higher Order Thinking Questions (Syllabus as per Section 1, Section 2, and Section 3)

SOF ICO Exam Pattern

  • The ICO test is conducted during school hours at respective schools
  • The exam is a written test of 60 minutes, which includes 50 objective-type (multiple choice) questions for Class 11 and Class 12
  • There are separate question papers for each class
  • The medium of the test will be English
  • For setting the test papers, CBSE, ICSE/ISC, and State Board syllabi are followed

Class

Section

No. of Questions

Marks

Total Marks

11th and 12th

Economics

15

1

15

11th and 12th

Business Studies

15

1

15

11th and 12th

Accountancy

15

1

15

11th and 12th

Achievers Section

15

3

15

-

Grand Total

50

-

60

  List of other related Olympiads are given below:

Other Related Olympiads in India
Indian Talent Olympiad Humming Bird Commerce Competency Olympiad
HMIT Exam Indian School Talent Search Exam (ISTSE)
UNICUS Olympiad National Talent Search Examination (NTSE)

 List of other popular Olympiads are given below:

Other Popular Olympiads in India
Kishore Vaigyanik Protsahan Yojana (KVPY) HBCSE PRMO
SOF International English Olympiad (IEO) National Cyber Olympiad
Indian Talent Olympiad Regional Mathematics Olympiad [RMO]
Pre Departure Camp (PDC) International Olympiad of Science (IOS)
International Mathematics Olympiad International Science Olympiad

Note: Get the complete list of Olympiad Exams conducted in India. For any questions/queries related to this Olympiad, do comment in the comment section, as given below.

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