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ICO Commerce Olympiad 2026

ICO Commerce Olympiad 2026

By Swati Singh

|

Updated on 31 Jan 2026, 11:33 IST

The International Commerce Olympiad (ICO) is organized together by the Science Olympiad Foundation (SOF) and the Institute of Company Secretaries of India. It is a one-round exam that started in 2016. Students studying in classes 11 and 12 can take part in this exam, no matter which stream they belong to. ICO gives students a fun and interesting way to show their skills, understanding, memory, and knowledge while learning.

What Is the International Commerce Olympiad (ICO)?

The International Commerce Olympiad (ICO) is an annual academic Olympiad exam organized by the Science Olympiad Foundation (SOF). It’s intended for students in classes 11 and 12, and tests knowledge and skills in core commerce subjects such as Economics, Business Studies, and Accountancy.

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SOF ICO Exam Dates 2025-26

EventDate
SOF ICO Exam — Slot 118 September 2025
SOF ICO Exam — Slot 27 November 2025
ICO Answer Key (Exam 1)31 October 2025
ICO Answer Key (Exam 2)3 December 2025
SOF ICO Result Announcement15 December 2025

SOF ICO Exam Pattern 2025-26

SectionTopics CoveredNo. of QuestionsMarks
EconomicsBasics of economics (Introductory macro/micro & other key concepts)1515
Business StudiesBusiness principles, organisation, services, finance, etc.1515
AccountancyAccounting basics, financial statements, accounting processes1515
Achievers SectionHigher-order thinking/problem-solving questions515

SOF ICO Syllabus 2025-26

The ICO exam tests key concepts from Commerce subjects using multiple-choice questions. The syllabus is largely based on the Class 11 and Class 12 commerce curriculum followed in CBSE, ICSE, and other boards.

Class 11 ICO Syllabus

Economics

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  • Introductory Microeconomics
  • Statistics for Economics

Business Studies

  • Nature and Purpose of Business
  • Forms of Business Organisation
  • Business Services
  • Emerging Modes of Business
  • Social Responsibility and Business Ethics
  • Sources of Business Finance
  • Small Business
  • Internal Trade
  • International Business

Accountancy

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  • Basic Concepts of Accounting
  • Recording of Business Transactions
  • Bank Reconciliation Statement
  • Ledger and Trial Balance

Achievers Section

  • Logical and higher-order thinking questions based on Economics, Business Studies, and Accountancy

Class 12 ICO Syllabus

Economics

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  • Introductory Macroeconomics
  • Indian Economic Development

Business Studies

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

Accountancy

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  • Accounting for Not-for-Profit Organisations
  • Partnership Accounts
  • Company Accounts
  • Analysis of Financial Statements
  • Cash Flow Statement
  • Computerised Accounting

 

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FAQs on ICO Commerce Olympiad

What is ICO Commerce Olympiad?

The ICO Commerce Olympiad is a national-level competitive exam designed to test conceptual understanding and application skills in commerce subjects such as Accountancy, Business Studies, Economics, and Quantitative Aptitude. It aims to encourage analytical thinking and academic excellence among commerce students.

ICO Commerce Olympiad 2026

The ICO Commerce Olympiad 2026 is the upcoming edition of the exam, expected to be conducted for school students studying commerce streams. It will follow an updated syllabus aligned with current academic standards and focus on real-world business awareness and problem-solving skills.

What is International Commerce Olympiad (ICO)?

The International Commerce Olympiad (ICO) is a competitive assessment that benchmarks commerce students at a national and international level. It provides students with exposure to olympiad-style questions and helps them build a strong foundation for higher studies in commerce, management, and economics.

What is ICO Olympiad for commerce students?

The ICO Olympiad for commerce students is specifically created for learners pursuing commerce in senior secondary classes. It evaluates subject knowledge, logical reasoning, and aptitude, helping students prepare for future academic and professional challenges.

What are the ICO Commerce Olympiad eligibility criteria?

Students studying Class 11 and Class 12 with commerce-related subjects are generally eligible to appear for the ICO Commerce Olympiad. Some editions may also allow participation from Class 10 students interested in commerce foundations.

Who can apply for ICO Commerce Olympiad?

Any school student currently enrolled in the commerce stream (or planning to pursue commerce) and meeting the eligibility requirements can apply. The exam is suitable for students aiming to strengthen their commerce fundamentals and competitive exam readiness.

What is the ICO Commerce Olympiad syllabus?

The ICO Commerce Olympiad syllabus typically includes:

  • Accountancy fundamentals
  • Business Studies concepts
  • Basic Economics
  • Quantitative Aptitude
  • Logical & Analytical Reasoning

The syllabus is usually aligned with CBSE/ISC standards to ensure relevance to school curricula.

What is the ICO Commerce Olympiad exam pattern?

The exam pattern generally consists of:

  • Multiple Choice Questions (MCQs)
  • Sections covering commerce subjects and aptitude
  • A fixed time duration (usually 60 minutes)

The focus is on concept clarity, application-based questions, and time management.

What is the ICO Commerce Olympiad registration process?

Students can register for the exam either:

  • Through their school, if the school is an official partner, or
  • Via online individual registration, depending on the conducting body’s guidelines.

What is the ICO Commerce Olympiad exam date?

The ICO Commerce Olympiad exam date is announced annually by the organizing authority. Exams are usually conducted between October and January, but students should check official notifications for confirmed dates.