SilverZone Commerce Olympiad 
“I learned the life of business, commerce - it’s an art.”
- Emmanuel Macron
Edition
3rd
Class 11 to 12
About
ICSI - SilverZone Commerce Olympiad
ICSI - SilverZone Commerce Olympiad is a strategic assessment test designed to elevate academic standards and ignite passion for commerce. The Olympiad is specifically designed for students in grades 11th and 12th covering subjects like Accountancy, Business Studies, Economics, and Company Secretaryship (ICSI) course.
- Builds strong cognitive skills.
- Offers fun learning for Commerce Olympiad students.
- Prepares students for Accountancy, Business Studies, and Economics exam success.
About ICSI:
The Institute of Company Secretaries of India (ICSI) is a premier professional body, established under an act of Parliament (The Company Secretaries Act, 1980), to regulate and develop the profession of Company Secretaries.
- ICSI functions under the jurisdiction of the Ministry of Corporate Affairs, Government of India.
- Trains students for the Company Secretary course (CS).
- Sets high standards for CS members.
- Headquarters: New Delhi.
- 4 Regional Offices: New Delhi, Chennai, Kolkata, Mumbai.
- 72 Chapter Offices across India.
- Training Centres (CCGRT): Mumbai, Hyderabad, Kolkata.
- 6 Overseas Centres: Australia, Canada, Singapore, UAE, UK, USA.
- Over 72,000 members.
- Around 200,000 students.
- World's largest Company Secretaries network.
As an inclusive body on the global governance map, the ICSI has been taking various initiatives for the growth and development of the profession. ICSI has been contributing to the initiatives of the Government of India that have the potential to excel the social-economic growth of India.
OLYMPIAD RANK AWARDS/SCHOLARSHIPS
For each Class (11th and 12th) top 3 Olympiad rank holders will be awarded as per the details below.
- Rs.50,000/- Each + International Gold Medal*+ Certificate of Outstanding Performance
- Rs.30,000/- Each + International Silver Medal*+ Certificate of Outstanding Performance
- Rs.20,000/- Each + International Bronze Medal*+ Certificate of Outstanding Performance
1st Rank
2nd Rank
3rd Rank
For each Class (11th and 12th) top 3 Olympiad rank holders will be awarded as per the table below.
*In case two or more students achieve the same international rank, cash award/scholarship in the applicable category will be distributed as under:
- For up to 10 students getting the same rank, the award/scholarship amount will be distributed equally. In addition, each winner will be awarded/provided a medal (in the applicable category) and a Certificate.
- For 11 or More Students with the Same Rank: Instead of a shared award, each winner will receive a Medal of Excellence in the relevant category and a Special Achievement Certificate.
School Level Awards
- Medals to School/Class Toppers.
- School “Gold Medal of Excellence” will be awarded to all Class toppers Rank 1.
- School “Silver Medal of Excellence” will be awarded to all Class toppers Rank 2.
- School “Bronze Medal of Excellence” will be awarded to all Class toppers Rank 3.
*In case two or more students achieve the same class rank, all toppers will be Rewarded with the respective medals.
**Medals are gold/silver/bronze-coloured, as applicable.
Important Notes
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.
Registration of Students
Prospectuses containing Registration Forms for the ICSI - SilverZone Commerce Olympiad are automatically dispatched to all schools registered with the SilverZone Foundation. Please note: The printed prospectus may not reflect the most recent updates. The latest information on syllabus, exam format, levels, and prizes is always available on our official website, we recommend referring to it for accuracy.
For New Schools:
Schools not yet registered with SilverZone may request a prospectus by writing to us at info@silverzone.org. Once received, schools must return the completed registration forms by the specified deadline.
Important Note for Schools
- Any school can become a registered centre for the ICSI - SilverZone Commerce Olympiad. There is no fee required to register the school itself.
- For smooth coordination and exam feasibility, a minimum of 40 students per school is required to register for the ICSI - SilverZone Commerce Olympiad.
- For any clarification regarding exam rules, syllabus, paper pattern, or registration process, schools may write to us directly at info@silverzone.org
Marking Scheme and Syllabus
Chapter-wise marking Scheme will help students to perform better in SilverZone Olympiads.
ACCOUNTANCY
Chapters
- Part A: Financial Accounting-I
- Theoretical Framework
- Accounting Process Part B: Financial Accounting-II
- Financial Statements of Sole Proprietorship
BUSINESS STUDIES
Chapters
- Part A: Foundations of Business
- Nature and Purpose of Business
- Forms of Business Organisations
- Public, Private and Global Enterprises
- Business Services
- Emerging Modes of Business
- Social Responsibility of Business and Business Ethics Part B: Finance and Trade
- Sources of Business Finance
- Small Business
- Internal Trade
- International Business
ECONOMICS
Chapters
- Part A: Statistics for Economics
- Introduction
- Collection, Organisation and Presentation of Data
- Statistical Tools and Interpretation Part B: Introductory Microeconomics
- Introduction
- Consumer's Equilibrium and Demand
- Producer Behaviour and Supply
- Forms of Market and Price Determination under perfect competition with simple applications.
ICSI
Chapters
- Introduction to ICSI
- Benefits of Opting for ICSI
- Career Opportunities
ACCOUNTANCY
Chapters
- Part A: Accounting for Partnership Firms and Companies
- Accounting for Partnership Firms
- Accounting for Companies Part B: Financial Statement Analysis
- Analysis of Financial Statements
- Cash Flow Statement
- Computerised Accounting
BUSINESS STUDIES
Chapters
- Part A: Principles and Functions of Management
- Nature and Significance of Management
- Principles of Management
- Business Environment
- Planning
- Organising
- Staffing
- Directing
- Controlling Part B: Business Finance and Marketing
- Financial Management
- Financial Markets
- Marketing Management
- Consumer Protection
ECONOMICS
Chapters
- Part A: Introductory Macroeconomics
- National Income and Related Aggregates
- Money and Banking
- Determination of Income and Employment
- Government Budget and the Economy
- Balance of Payments Part B: Indian Economic Development
- Development Experience (1947-90) and Economic Reforms since 1991
- Current Challenges facing Indian Economy
- Development Experience of India – A Comparison with Neighbours
ICSI
Chapters
- Introduction to ICSI
- Benefits of Opting for ICSI
- Career Opportunities
How to Participate
- Students need to register through their respective schools.
- Each school must ensure that at least 40 students register for the Olympiad.
- Any school can become a registered centre for the Olympiads. There is no fee required to register the school itself.
- Schools that have not registered can get the registration forms by emailing info@silverzone.org or calling 011-69114100.
- The filled registration forms must be submitted to SilverZone Foundation by the due date.
Examination Details
- The ICSI - SilverZone Commerce Olympiad is a single-level examination held in participating schools during school hours.
- Each class will have its own unique question paper featuring objective-type questions with no negative marking for incorrect answers.
- The test comprises 50 multiple-choice questions to be completed within a 60-minute timeframe.
- The questions cover Accountancy, Economics, Business Studies and about Company Secretaryship Course and The ICSI.
- The Olympiad is conducted in English and aligns with the CBSE, ICSE/ISC, and State Board syllabi.
Olympiad Structure
- Total number of Multiple Choice Questions (MCQs): 50
- Section A: Accountancy (15 Questions)
- Section B: Business Studies (15 Questions)
- Section C: Economics (10 Questions)
- Section D: The ICSI (10 Questions) Total Marks: 100
Raw Score Calculation
The raw score is computed by multiplying each correct answer by its corresponding base marks and summing the results. In mathematical terms: Raw Score = SUM (correct answer × subsequent base Marks).
Total Marks Calculation
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). For instance, Question No. 1 has a weightage of .0001, Question No. 2 has .0002, and so on. This weightage is utilized to resolve ties when calculating Class/Zonal/Olympiads ranks.
Schedule
The Olympiad is held annually on three dates within the school premises. Schools can choose from the three suggested dates for conducting the examination, with each date featuring a distinct set of question papers.
Sample Papers
Sample Question Papers
The syllabus for the ICSI-SilverZone Commerce Olympiad includes Business Studies, Accountancy, Economics, and The ICSI section. This examination is designed to offer an enriching educational experience that enhances students' cognitive skills. Below are PDFs that provide a brief overview of the actual Olympiad test paper. Please note that the final test paper will contain additional questions.
Prizes
International Olympiad
Rank Awards
1st Olympiad rank
The 1st International Olympiad rank holder in each class will receive a Prize of
10,000/-.
2nd Olympiad rank
The 2nd International Olympiad rank holder in each class will receive a Prize of
7,500/-.
3rd Olympiad rank
The 3rd International Olympiad rank holder in each class will receive a Prize of
5000/-.
Zonal Categorisation
Zone/State Categorisation
To streamline operations and facilitate various functions, all states and Union Territories in India, along with participating international countries, have been organized into the following zones. This categorization serves the following purposes:
Determining zone toppers for performance-based awards.
Delhi NCR, Haryana, Punjab, Himachal Pradesh, Uttarakhand, J&K, Ladakh, Chandigarh, Rajasthan, Uttar Pradesh
Maharashtra, Goa, Gujarat, Daman & Diu, Dadra & Nagar Haveli, Madhya Pradesh
West Bengal, Bihar, Jharkhand, Odisha, Assam, Arunachal Pradesh, Tripura, Sikkim, Meghalaya, Mizoram, Nagaland, Manipur, Chhattisgarh
Tamil Nadu, Karnataka, Kerala, Telangana, Puducherry, Lakshadweep, Andhra Pradesh, Andaman & Nicobar
All countries except India