Nationwide presence
- Headquartered in New Delhi
- Regional offices in New Delhi, Chennai, Kolkata, and Mumbai
- 72 Chapter Offices across India
- CCGRT centres in Mumbai, Hyderabad, and Kolkata
SilverZone Commerce Olympiad 
“I learned the life of business, commerce - it’s an art.”
- Emmanuel Macron
Edition
3rd
Class 11 to 12
About iSCO
ICSI - SilverZone Commerce Olympiad (iSCO)
The ICSI - SilverZone Commerce Olympiad is a strategic assessment designed to raise academic standards and inspire a passion for commerce. It is open to students in Classes 11 and 12 and covers Accountancy, Business Studies, Economics, and the Company Secretaryship (ICSI) course.
What students gain
- Builds strong cognitive, analytical, and decision-making skills.
- Makes commerce concepts engaging through an enriching competitive learning experience.
- Strengthens preparation in Accountancy, Business Studies, Economics, and Company Secretaryship fundamentals.
The Olympiad gives commerce students a focused platform to test their subject knowledge, improve conceptual clarity, and prepare for future academic and professional opportunities.
A global professional community
- Overseas centres in Australia, Canada, Singapore, UAE, UK, and USA
- More than 72,000 members
- Around 200,000 students
- The world's largest Company Secretaries network
Examination Details
- Single levelA single-level examination conducted in participating schools during school hours.
- Class-specificSeparate, class-specific question papers for Classes 11 and 12.
- 60 minutes50 objective-type questions to be completed in 60 minutes.
- No negative markingNo negative marking for incorrect answers.
- English mediumConducted in English and aligned with CBSE, ICSE/ISC, and State Board syllabi.
- Commerce disciplinesQuestions cover Accountancy, Business Studies, Economics, Company Secretaryship, and ICSI.
Olympiad Structure
The 100-mark paper is divided into four subject-focused sections:
The Olympiad is held annually on two dates at the school premises. Schools may choose either date, and each date uses a distinct set of question papers.
How to Participate
Through schoolsStudents register through their respective schools.
20 studentsA minimum of 20 students must register from a school.
No registration feeAny school can become an examination centre without paying a registration fee.
Due dateCompleted registration forms must reach SilverZone Foundation by the specified due date.
Registration
Student Registration
Schools already registered with SilverZone Foundation receive the ICSI - SilverZone Commerce Olympiad prospectus and registration forms automatically. Since printed prospectuses may not include the latest updates, schools should refer to this website for current syllabus, exam-format, and prize information.
For New Schools
Schools not yet registered with SilverZone Foundation can request a prospectus by emailing info@silverzone.org or calling 011-69114100. The completed forms must be returned by the specified deadline.
Note to Principals and Teachers
For help with rules, syllabus, paper format, or registration, schools can contact SilverZone Foundation at info@silverzone.org.
About iSCO
ICSI - SilverZone Commerce Olympiad (iSCO)
The ICSI - SilverZone Commerce Olympiad is a strategic assessment designed to raise academic standards and inspire a passion for commerce. It is open to students in Classes 11 and 12 and covers Accountancy, Business Studies, Economics, and the Company Secretaryship (ICSI) course.
What students gain
- Builds strong cognitive, analytical, and decision-making skills.
- Makes commerce concepts engaging through an enriching competitive learning experience.
- Strengthens preparation in Accountancy, Business Studies, Economics, and Company Secretaryship fundamentals.
The Olympiad gives commerce students a focused platform to test their subject knowledge, improve conceptual clarity, and prepare for future academic and professional opportunities.
About ICSI
The Institute of Company Secretaries of India (ICSI) is a premier professional body established under the Company Secretaries Act, 1980 to regulate and develop the profession of Company Secretaries. It functions under the Ministry of Corporate Affairs, Government of India.
Nationwide presence
- Headquartered in New Delhi
- Regional offices in New Delhi, Chennai, Kolkata, and Mumbai
- 72 Chapter Offices across India
- CCGRT centres in Mumbai, Hyderabad, and Kolkata
A global professional community
- Overseas centres in Australia, Canada, Singapore, UAE, UK, and USA
- More than 72,000 members
- Around 200,000 students
- The world's largest Company Secretaries network
ICSI supports the growth and development of the Company Secretary profession and contributes to initiatives that advance India's socio-economic growth.
Examination Details
- A single-level examination conducted in participating schools during school hours.
- Separate, class-specific question papers for Classes 11 and 12.
- 50 objective-type questions to be completed in 60 minutes.
- No negative marking for incorrect answers.
- Conducted in English and aligned with CBSE, ICSE/ISC, and State Board syllabi.
- Questions cover Accountancy, Business Studies, Economics, Company Secretaryship, and ICSI.
Olympiad Structure
The 100-mark paper is divided into four subject-focused sections:
- Section A: Accountancy — 15 questions
- Section B: Business Studies — 15 questions
- Section C: Economics — 10 questions
- Section D: The ICSI — 10 questions
The Olympiad is held annually on two dates at the school premises. Schools may choose either date, and each date uses a distinct set of question papers.
How to Participate
- Students register through their respective schools.
- A minimum of 20 students must register from a school.
- Any school can become an examination centre without paying a registration fee.
- Completed registration forms must reach SilverZone Foundation by the specified due date.
Student Registration
Schools already registered with SilverZone Foundation receive the ICSI - SilverZone Commerce Olympiad prospectus and registration forms automatically. Since printed prospectuses may not include the latest updates, schools should refer to this website for current syllabus, exam-format, and prize information.
For New Schools
Schools not yet registered with SilverZone Foundation can request a prospectus by emailing info@silverzone.org or calling 011-69114100. The completed forms must be returned by the specified deadline.
Note to Principals and Teachers
For help with rules, syllabus, paper format, or registration, schools can contact SilverZone Foundation at info@silverzone.org.
Quick Challenge
Five questions. Sixty seconds. No negative marking.
A warm-up in the Olympiad style: Accountancy, Business Studies, Economics and ICSI questions with one correct answer each, answered against the clock.
- Just like the real paper, every question is multiple choice with no negative marking, so attempt them all.
- You get an explanation after each answer.
- Finished? Download the sample paper for your class and try the real format.
Ready for a warm-up?
Five short questions across all four iSCO sections.
Original practice questions written for this page to show the objective format — not from an official iSCO paper. The 60-second timer and scoring apply to this warm-up only.
Complete Syllabus
iSCO syllabus for Class 11 and 12
The ICSI-SilverZone Commerce Olympiad has a dedicated syllabus for Class 11 and Class 12. Select a class to explore all topics and chapters in one clear view.
Choose a classClass 11 sample paper
Topics and chapters
Class 11ACCOUNTANCY
3 chapters- Part A: Financial Accounting-I — Theoretical Framework
- Part A: Financial Accounting-I — Accounting Process
- Part B: Financial Accounting-II — Financial Statements of Sole Proprietorship
BUSINESS STUDIES
10 chapters- Part A: Foundations of Business — Nature and Purpose of Business
- Part A: Foundations of Business — Forms of Business Organisations
- Part A: Foundations of Business — Public, Private and Global Enterprises
- Part A: Foundations of Business — Business Services
- Part A: Foundations of Business — Emerging Modes of Business
- Part A: Foundations of Business — Social Responsibility of Business and Business Ethics
- Part B: Finance and Trade — Sources of Business Finance
- Part B: Finance and Trade — Small Business
- Part B: Finance and Trade — Internal Trade
- Part B: Finance and Trade — International Business
ECONOMICS
7 chapters- Part A: Statistics for Economics — Introduction
- Part A: Statistics for Economics — Collection, Organisation and Presentation of Data
- Part A: Statistics for Economics — Statistical Tools and Interpretation
- Part B: Introductory Microeconomics — Introduction
- Part B: Introductory Microeconomics — Consumer's Equilibrium and Demand
- Part B: Introductory Microeconomics — Producer Behaviour and Supply
- Part B: Introductory Microeconomics — Forms of Market and Price Determination under perfect competition with simple applications
ICSI
3 chapters- Introduction to ICSI
- Benefits of Opting for ICSI
- Career Opportunities
The syllabus is arranged class-wise so students can quickly find the Accountancy, Business Studies, Economics, and ICSI chapters covered in their Commerce Olympiad paper.
How the iSCO score is calculated
The raw score is computed by multiplying each correct answer by its corresponding base marks and summing the results.
Raw score = Σ (correct answer × base marks)
Total marks are determined by adding the raw score to the sum of the weightage of correct answers. Each question carries an additional weightage, starting from .0001 and increasing incrementally (.0002, .0003, and so forth). Question 1 has a weightage of .0001, question 2 has .0002, and so on.
Total marks = Raw score + Σ weightage of correct answers
This weightage is utilised to resolve ties when calculating class, zonal and Olympiad ranks.
Try the Commerce tie-breaker
Tap questions to mark them correct and watch the weightage separate two equal raw scores.
Example Commerce Olympiad paper: 10 questions at 3 marks each.
18Raw score
.0026Weightage of correct answers
18.0026Total marks
6 of 10 correct. Two students with 18 raw marks are separated by which Commerce questions they answered correctly.
Class rank
This encompasses all students from various sections and divisions of the same class within the same school.
Olympiad rank
This encompasses all students from India and abroad belonging to the same class.
One award per exam
Each winner is entitled to one award per exam, receiving the higher-level award only. For example, international top three rank holders will receive awards based on their international ranks, and any awards based on their zonal ranks will be passed to the next rank holder. Similarly, if a zonal award winner also qualifies for a class award, the class award will be given to the next rank holder.
Sample Papers
Sample Question Papers
The ICSI - SilverZone Commerce Olympiad covers Business Studies, Accountancy, Economics, and The ICSI. Download the class-wise PDFs below to preview the question format and practise for the examination. The final test paper will contain additional questions.
Prizes, dates and venue
What you can win
Drag along the ranks and watch the award change.
Cash prizes of ₹10,000, ₹7,500 and ₹5,000 for the top three International Olympiad rank holders in every class; gift certificates of varying values for ranks 4 to 25; Topper Achievement Certificates up to rank 500; Medals of Excellence for Zonal, State and Class toppers; and a participation certificate for every student who sits the paper.
Where did you rank?
Drag the medal, tap a rank, or use the arrow keys. Every award shown here is the one published for that rank.
₹10,000
in each class · 1st Olympiad rankAlso receives
- Participation certificate with all your ranks
- Medal of Excellence if you also top your class, zone or state
The 1st International Olympiad rank holder in each class receives a prize of ₹10,000/-.
Three more ways to win a medal
Hover or tap a card to read the rule.
One award per exam — each winner receives the higher-level award.
Certificate of ParticipationSilverZone Foundation
Every participant takes something home
All participants are awarded Participation Certificates reflecting their Class, Zonal, State and Olympiad ranks and their marks — so every student sees exactly where they stand.
Certificates reach students through their school along with the results.
What if students tie on the same rank?
Drag the slider to see how a shared rank is settled at the rank you picked above.
₹10,000to the single rank holder — 1st olympiad rank
- Awarded in full, with the participation certificate.
The rules behind the awards
How ties and overlapping awards are settled.
Up to 10 students on the same rank
The award amount is divided equally among the winners, and each recipient is honoured with a Symbolic Golden Medal of Excellence in the relevant category along with a certificate.
11 or more students on the same rank
Instead of a shared award, each winner receives a gift certificate coupon, along with a Medal of Excellence in the relevant category and a Special Achievement Certificate.
One award per exam
Each winner receives the higher-level award only. Any award based on a Zonal rank passes to the next rank holder, and if a Zonal award winner also qualifies for a class award, the class award goes to the next rank holder.
Class topper medals
At school level the top three rank holders in each class receive Medals of Excellence, provided the topper obtains at least 50% marks.
Dates: announced with the prospectusVenue: conducted at your own school
Zones
Zone and state categorisation
To streamline operations, all states and Union Territories in India, along with participating international countries, are organised into five zones.
North Zone
States and Union Territories in this zone.
- Delhi NCR
- Haryana
- Punjab
- Himachal Pradesh
- Uttarakhand
- J&K
- Ladakh
- Chandigarh
- Rajasthan
- Uttar Pradesh
This categorisation serves the following purpose: determining zone toppers for performance-based awards.
All zones at a glance (text version)
| Zone | States, Union Territories and countries |
|---|---|
| North Zone | Delhi NCR, Haryana, Punjab, Himachal Pradesh, Uttarakhand, J&K, Ladakh, Chandigarh, Rajasthan, Uttar Pradesh |
| East Zone | West Bengal, Bihar, Jharkhand, Odisha, Assam, Arunachal Pradesh, Tripura, Sikkim, Meghalaya, Mizoram, Nagaland, Manipur, Chhattisgarh |
| South Zone | Tamil Nadu, Karnataka, Kerala, Telangana, Puducherry, Lakshadweep, Andhra Pradesh, Andaman & Nicobar |
| West Zone | Maharashtra, Goa, Gujarat, Daman & Diu, Dadra & Nagar Haveli, Madhya Pradesh |
| International Zone | Australia, Bahrain, Canada, Ghana, Japan, Kuwait, Malaysia, Nepal, Oman, Qatar, Russian Federation, Saudi Arabia, Singapore, Thailand, United Arab Emirates (UAE), United Kingdom, United States of America (USA) |
OMR answer sheet
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Tap a bubble to try it — darken one bubble per question
Answer Sheet
Sample OMR answer sheet
Unlock the perfect answer sheet: click below for your free PDF download.
See exactly how the OMR sheet looks before exam day, so filling it in feels familiar. Try the bubbles on the sample sheet — then download the real one.
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FAQ
Commerce Olympiad FAQs
Quick answers about eligibility, exam pattern, sections, scholarships and registration for Classes 11 and 12.
What is the ICSI – SilverZone Commerce Olympiad (iSCO)?
iSCO is an annual commerce Olympiad for students of Classes 11 and 12. It covers Accountancy, Business Studies, Economics and the Company Secretaryship (ICSI) course, and aims to build conceptual clarity, analytical and decision-making skills.
Who can take part in iSCO?
Students of Classes 11 and 12 register through their school. Any school can become an examination centre without paying a registration fee, and a minimum of 20 students must register from each school.
What is the iSCO exam pattern?
iSCO is a single-level examination held in participating schools during school hours. Classes 11 and 12 sit separate, class-specific papers of 50 objective questions in 60 minutes, for 100 marks. The paper is in English, aligned with CBSE, ICSE/ISC and state board syllabuses, and has no negative marking. It is held on two dates each year; schools choose either date, and each date has its own set of papers.
Which sections does the Commerce Olympiad paper have?
Four. Section A: Accountancy (15 questions). Section B: Business Studies (15 questions). Section C: Economics (10 questions). Section D: The ICSI (10 questions), covering an introduction to ICSI, the benefits of opting for it and career opportunities.
What is ICSI?
The Institute of Company Secretaries of India (ICSI) is a professional body established under the Company Secretaries Act, 1980 to regulate and develop the profession of Company Secretaries. It functions under the Ministry of Corporate Affairs, Government of India.
What scholarships and awards are offered?
In each of Classes 11 and 12, the 1st rank holder receives ₹50,000 and an International Gold Medal, the 2nd ₹30,000 and an International Silver Medal, and the 3rd ₹20,000 and an International Bronze Medal — each with a Certificate of Outstanding Performance. In every participating school, class toppers ranked 1, 2 and 3 receive Gold, Silver and Bronze Medals of Excellence.
How does a school register for iSCO?
Schools already registered with SilverZone Foundation receive the iSCO prospectus and registration forms automatically. Schools not yet registered can request a prospectus by emailing info@silverzone.org or calling 011-69114100. Completed forms must reach SilverZone Foundation by the due date.
Where can I find iSCO sample papers?
Class-wise sample papers for Classes 11 and 12 are available on the Commerce Olympiad page, so students can preview the question format and practise. The final test paper contains additional questions.