2 Lacs + Students |1400+ Schools | 110 + Cities

22 + States | 6+ Countries
From the Founder’s Desk
Dear friends,

Ii is my privilege to release prospectus for 15th

International Commerce Olympiad 2023-24. The
overwhelming participation in our previous Olympiads
is the reflection of our commitment towards thousands
of students.

I feel pride to mention that CTF always strives for

excellence through various endeavours and efforts.
In our 14th ICO 2022- 23 one such attempt was made
to have Combination based ICO, so as to facilitate
students’ performance in CUET too, besides CBSE
exams. It received huge appreciation from students
and teacher’s fraternity.

We at CTF believe in dynamism and move with the

time. It is observed that there is no such opportunity
for students of class X, where they can explore and
judge their competencies for English language and mathematical skills. Keeping in mind their
needs, we have decided to introduce International Competency Test for students of class X
too, so as to make them future ready by incorporating Mathematics, English, General Awareness
and Reasoning.

I feel honored to add that CTF’s International Commerce Olympiad is the only Olympiad which
is conceived by the Commerce teachers for the Commerce students and established India’s
First and Number one International Commerce Olympiad, covering more than 2,50,000 students
from more than 1000 schools across the country and overseas.

In this competitive world, CTF’s Olympiad/ICT helps the students to get widen their vision. It gives
them conviction, confidence and clarity of concepts. It sharpens their skills and helps them to
identify the areas they need to improve. It also helps them to score better not only in their board
exams, but also gives them a training for appearing in other competitive exams like CUET etc.

At last, I would like to extend my hearty thanks to all the Principals, Commerce teachers and
School management whose support and encouragement play an important role in the growth
of the Olympiad.

I am looking forward to your constructive support as always.

With warm regards

Dr. Dinesh Madan
Founder, CTF

History – How CTF was
conceived?
In the month of April, 2007, during evaluation
of CBSE Accountancy answer books at GHPS,
Kalka Ji, New Delhi centre, the idea of forming
a Common platform for Commerce Teachers
was conceived by Dr. Dinesh Madan. The
vision was to establish a platform to facilitate
professional growth of the Commerce Teachers.
This idea was backed by Mr. S K Taneja, the
then Head Examiner of the subject. Concept
for forming platform was hugely appreciated
by the teachers present there. The outcome
was the formation of a platform to bring
together the Commerce fraternity. With initial 21
founder members, this platform was named as
Commerce Teachers’ Forum.
CTF- The Not for
Profit Organisation
Commerce Teachers’ Foundation (CTF) is
registered as a Trust, Non-Commercial,
Voluntary, Self-reliant, Not for Profit
Organisation. It is a platform for enriching
Commerce Teachers’ fraternity.
Collection on account of subscription,
membership, contribution for ICO/ICT etc
is solely used and applied for the growth
and development of the organization,
and for organizing activities set forth in its
preamble and no profit is made thereof.
To comply with the statutory requirements
and for the sake of transparency, accounts
are manually audited by external auditor.

Growth of the Organisation

This organization has been consistently working for past 16 years
in the interest of Commerce teachers and Commerce students.
It has more than 700 Lifetime members and 10,000+ associated
members from the reputed schools of the country and overseas.
It is proudly mentioned that it has established as India’s most
promising organization, working consistently for the growth of the
Commerce teaching fraternity and students through its many
pioneering initiatives.
 OUR
MISSION

MISSION VISION
Constant up gradation of competency To keep handy, a formidable team of
of Commerce teachers and preparing a proficient Commerce faculty and nurture
set of students who are future ready. academic excellence among students.

Pioneering Initiatives
Professional Enrichment Programmes

Felicitation of Teachers and students

International Commerce Olympiads

International Competency Test

Grooming teachers as Resource Persons

Online Sessions- Webinars

Fun & Frolic- Day of Fun

Development of Resource material

24 x 7 online academic support

 15th International Commerce Olympiad
2023-24 …Be future ready

Mode of Olympiad :

ROUND 1 ROUND 2
OFFLINE (OMR Based) | ONLINE (Digital) ONLINE (Digital)

ICO 2023-24 Important Dates :

ROUND-1 (ENCOURAGING ROUND) ROUND-2 (CHALLENGING ROUND)

• Offline Mode (OMR Based) – • Online Mode (Digital) –

Thursday, 23th Nov, 2023 | Friday, 8th Dec, 2023 Sunday, 7th Jan, 2024
(Select any date)

• Online Mode (Digital) –

Sunday, 26th November. 2023

Who Can Register?

Registration can be done in any one of the two different ways :

• Registration by School/Institution - Offline & Online ICO
• Registration by Teacher/Educator - Online ICO only

Definition of Rounds:
• Round-1 (Encouraging Round)
Last Date of Registration :
It is meant for all categories of students For Both Rounds – 27th October, 2023
• Round-2 (Challenging Round) For Second Round – 23rd December, 2023
It is meant for High Achievers.
 ICO on CUET Pattern : Class XII

Combination -1 (Mandatory) : Accountancy & Business Studies

Combination-2 : Economics & English Language
Combination -3 : Mathematics & General Test
*Students can opt Combination 2 or 3 or both in addition to combination to
Combination-1 (Mandatory)

ICO : Class XI ICT : Class : X

(All Subjects compulsory) (All Subjects compulsory)

• Accountancy • English
• Business Studies • Mathematics
• Business Awareness • General Awareness
• Reasoning and Logical Thinking • Reasoning and Logical Thinking
Fee Structure of ICO-2023-24

Round Exam Type Location Class XI Class XII Class XII

(Only Two (Three
Combinations) Combinations)

Round-1 ONLINE ONLINE 199 199 299

(No Boundary)
Round-1 OMR Based Delhi + NCR 249 249 349
Round-1 OMR Based Other States 299 299 399
Round-1 OMR Based Overseas 399 399 499
Both Rounds ONLINE ONLINE 299 299 399
(No Boundary)
Both Rounds OMR + ONLINE Delhi +NCR 349 349 449
Both Rounds OMR + ONLINE Other States 399 399 499
Both Rounds OMR + ONLINE Overseas 499 499 499

Honararium to Schools for hosting International

Commerce Olympiad: 2023-24
Number of Students Honararium Honararium
Registered (If Registered for Round-1) (If Registered for Both Rounds)

(OMR Based)

20 and above students Rs. 30 per student Rs. 40 Per student

40 and above students Rs. 40 per student Rs. 50 per student
60 and above students Rs. 50 per student Rs. 60 per student

Honararium to Schools/Educators for hosting

International Commerce Olympiad: 2023-24
(ONLINE ICO)
Number of Students Honararium Honararium
Registered (If Registered for Round-1 (If Registered for Both Rounds)

(Online)

20 and above students Rs. 20 per student Rs. 30 Per student

40 and above students Rs. 25 per student Rs. 35 per student
60 and above students Rs. 30 per student Rs. 40 per student
 Blue Print of ICO : 2023-24 (Class : XII)
Combination Subject No. of Max. No. of MCQs Marks Duration
Combinations MCQs to be
(minutes)
attempted
A Accountancy & 60 MCQs 25 + 25 each 50 60
Business Studies
(Mandatory) (30 + 30 each)
B Economics & English 60 MCQs 25 + 25 each 50 60
(30 + 30 each)
C Mathematics & 60 MCQs 25 + 25 each 50 60
General Test
(30 + 30 each)
Combination –A is mandatory, Student can select either Combination –B or C or Both.
Out of Combination B and C, one combination is mandatory to select.
Max. Duration – 3 Hours

Blue Print of ICO : 2023-24 (Class : XI)

Section Subject No. of Max. MCQs Marks

A Accountancy 40 MCQs 40 Marks

B Business Studies 40 MCQs 40 Marks
C Business Awareness 10 MCQs 10 Marks
D Reasoning & Logical Thinking 10 MCQs 10 Marks
Time Allowed : 2 Hours

Prizes and Recognitions :

◊ Top Three Students (Round-1 and Round-2) will be titled with” Vanijya
Shree” Awards.
◊ Merit Certificate shall be given to all those who score 60% and above
marks in ICO: 2023-24 Separate for Round-1 and Round -2.
◊ Appreciation Certificate to all those score 33% to 59% marks.
◊ Participation Certificate (Digital) to all those you score less than 33%
marks.
◊ A Topper with a minimum score of 60% marks of each class/
each school (irrespective of the combination) will be honored with
Trophy, Certificate of Excellence. (Subject to 10 students minimum
participation from concerned class).
◊ Memento to each school in recognition of participation in International
Commerce Olympiad/International Competency Test: 2023-24.
◊ Certificate of Appreciation to Coordinators/ Faculty members in
recognition of supporting ICO/ICT : 2023-24.
◊ Top Three Schools with Highest Participation will receive Special Trophy.
 INTERNATIONAL COMPETENCY TEST
2023-24

CTF’s International Competency Test

CTF’s International Commerce Olympiad is the outcome of the vision of teachers who
have vast experience and are practicing in reputed schools of the country. They better
understand and value the need of the students. It is observed that students of class X
are missing such opportunity, where they can explore and develop their competencies.
For any student competency in Mathematics and Language is utmost essential not
only for their academic excellence but also in shaping their career.
Considering such need of our young students, Team CTF has decided to introduce
Olympiad for class X students also with the name “International Competency Test”

Why CTF’s International Competency Test -2023

◊  It enhances competitiveness among students, as it is held at international level.

Through this they come to know where do they stand in competition.
◊  Incorporating subjects like Mathematics, English, Reasoning and General Awareness
facilitate young students to excel in CBSE as well as competitive exams after class 10th.
◊  CTF’s ICT provides best practice for original competency-based questions.
◊  CTF’s ICT is a unique assessment tool to test students’ preparation for Mathematics
and other subjects through one exam only.
◊  It helps students in judging the clarity of concepts of Mathematics and English
Grammar.
◊  CTF’s ICT Question Paper is prepared by a team of highly experienced faculty
members from renowned educational institutions of the country.
◊  Participation in CTF’s ICT-2023 instills confidence and boosts morale of students to
appear for CBSE Board Exams as well as other competitive exams.
◊  Participation in CTF’s ICT-2023 adds students profile, as its certificates are
acknowledged by many premium institutes of India and overseas.
 Who Can Register?

Registration by School/Institution

Classes involved :
ICT 2023-24 : • Class X only
Important Dates
Mode of Exam :
Select any one date - • Offline/OMR Based
• Thursday, 23rd Nov, 2023
• Friday, 8th Dec, 2023 Minimum Participation
(Date selected should be same as for ICO-2023) • Atleast 10 Students

ICT – 2023 : Prizes and Recognitions

Overall Top Three Students for ICT-2023 will be titled

with Scholar Excellence Award (ICT) with Cash Prize.

Merit Certificate shall be given to all those who score

60% and above marks in ICT -2023.

A Topper with a minimum score of 60% marks of each class/each

school will be honoured with Trophy and Certificate of Excellence.
(Subject to 10 students minimum participation from Class X from
concerned school).

Appreciation Certificate to all those score 33% to 59% marks.

Participation Certificate (Digital) to all those who score less

than 33% marks.

Certificate of Appreciation to Coordinators/ English,

Mathematics teachers in recognition of supporting
International Competency Test -2023.

Top Three Schools with Highest Participation in ICT-2023

will receive Special Trophy.
Fee Structure of ICT-2023-24
Zone Contribution

Delhi & NCR Rs. 199

Other states Rs. 239
Overseas Rs. 299

School/Institutional Honorarium
No. of students Amount of Honorarium

Upto 20 students Nil

20 and above students Rs. 20 per student
40 and above students Rs. 30 per student
60 and above students Rs. 35 per student

Content of International
Competency Test : 2023-24
Sections Name of the Subject No. of MCQs

Section “A” Mathematics (Standard) 40 MCQs

Section “B” General English (Excl. Literature) 40 MCQs
Section “C” General Awareness 10 MCQs
Section “D” Reasoning and Logical Thinking 10 MCQs

Syllabus- Mathematics (Standard)

Sl. No Unit Name Marks

1 Number System 3
2 Algebra 10
3 Coordinate Geometry 3
4 Geometry 8
5 Trigonometry 6
6 Mensuration 5
7 Statistics and Probability 5
Total 40
Syllabus- English (Excluding Literature)

Content Marks

Determiners, Tenses, Modals, Subject – verb concord, Reported speech

Commands and requests, Statements, Correction of Statements,
40 marks
Vocabulary, Reading comprehensions, Spotting the errors, Arranging
of parts of sentences, Active –Passive Voice

General Awareness
Content Marks

General Awareness including Current Affairs 10 marks

Reasoning and Logical Thinking

Content Marks

Analogy, Series- Alphanumerical, Syllogism, Coded equations,

Classification, Blood Relation, Direction questions, Arithmetic
10 marks
Reasoning, Venn Diagram, Visual Reasoning, Alphabet test, Ranking
and order, Calendar and Clocks etc.
 Workshops l Felicitations l Olympiad
Webinars l Day of Fun l Sample Papers