International Finance Knowledge Olympiad (IFKO) for Class 1 – Global Financial Learning for Young Minds
School Connect Olympiad – International Finance Knowledge Olympiad (IFKO) for Class 1
Introduce your young learner to the world of money management with SCO’s Class 1 Finance Knowledge Olympiad (IFKO). Designed for 6–7-year-olds, IFKO combines age-appropriate financial lessons with fun challenges. With free sample papers, interactive mock tests, and personalized assessment reports, SCO ensures every child gains a strong foundation in money sense and decision-making.
Why Choose SCO IFKO for Class 1?
- Child-Centric Content: Lessons use colorful visuals and simple language—perfect for early learners.
- Global Standards: Benchmarked against international primary-level finance curricula for consistent rigor.
- Free Prep Resources: Unlimited access to sample papers, past-question PDFs, and a guided workbook.
- Mock Tests & Reports: Simulate the real Olympiad experience online and receive a detailed “Learning Progress Report” to track milestones.
IFKO for Class 1 – Overview & Importance
Introducing financial concepts at an early age gives children a head start on lifelong money skills. Through the Class 1 Finance Knowledge Olympiad (IFKO), young learners will:
- Understand Saving vs. Spending
Learn why putting coins into a piggy bank can be as exciting as buying a treat—instilling the discipline of delayed gratification and goal-setting.
- Identify and Use Currency
Become fluent with real-world money: recognize coin shapes and denominations (1, 2, 510), and practice counting small sums in everyday scenarios like a school canteen or family shop.
- Make Smart Money Choices
Gain confidence in simple decisions—should you spend your allowance on a candy today or save up for a special toy next week? These early exercises build critical decision-making skills that children carry into adolescence and beyond.
By transforming abstract financial ideas into playful, age-appropriate challenges, IFKO ensures your little one develops healthy money habits long before middle school—setting the foundation for responsible financial citizenship worldwide.
Eligibility Criteria
- Grade: Currently enrolled in Class 1 at any accredited school worldwide.
- Age Range: Typically 6–7 years.
- Language: Exam delivered in simple English; illustrations aid non-native speakers.
- Registration: Open self-registration—no teacher nomination required.
Key Benefits for Class 1 IFKO Participants
- Foundation in Financial Literacy
- Cultivate essential money-management skills—like identifying coins, setting savings goals, and distinguishing needs from wants—well before formal finance courses begin, giving children a head start in responsible decision-making.
- Confidence Through Playful Learning
- Our game-based format transforms lessons into fun challenges. By earning stickers and badges for each mastered concept, children experience regular success milestones that reduce anxiety and fuel their enthusiasm to tackle more advanced money topics.
- International Credentials & Motivation
- Beyond a simple participation certificate, top achievers receive medals and merit awards recognized at school, national, and global levels. This early acknowledgment not only boosts self-esteem but also creates a tangible record of achievement for future academic and extra-curricular portfolios.
- Actionable Parental Insights
- Every participant receives a detailed “Family Financial Progress Report,” highlighting strengths (e.g., coin recognition) and growth areas (e.g., goal-setting). Parents can use this roadmap to encourage targeted practice at home—turning everyday moments into valuable learning opportunities.
By combining foundational skills, confidence-building rewards, globally recognized credentials, and data-driven guidance, SCO’s Class 1 IFKO empowers young learners and their families to nurture strong, lifelong financial habits.
IFKO Syllabus for Class 1
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Core Topic
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Learning Outcomes
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Recognizing Coins
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Identify INR 1, 2, 5, 10 coins by shape, color, and national emblem.
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Counting Small Amounts
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Count mixed coins up to INR 10 accurately.
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Needs vs. Wants
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Sort images into “needs” (food, water) vs. “wants” (candy, toys).
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Saving Basics
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Explain why we save money and set a simple goal (e.g., save INR 5).
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Free Sample Question Paper – Class 1 IFKO
Download your Free PDF of Class 1 Practice Questions now:
Download IFKO Class 1 Sample Paper
Important Dates & Fee Structure
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Exam Session
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Fee (INR)
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Fee (USD)
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Registration Opens
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Registration Closes
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Exam Dates
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Result Date
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SCO International Finance Knowledge Olympiad (IFKO)
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200
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11
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15-06-2025
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20-10-2025
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21-10-2025
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15-11-2025
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IFKO Registration Fee Details
- INR 200 / USD 11 per session covers all digital prep materials, mock tests, and the final assessment report.
How to Prepare for Class 1 IFKO
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Preparation Material
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Link
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Class 1 IFKO Sample Paper
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Check here
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Class 1 IFKO Previous Year Paper
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Check here
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Class 1 IFKO Interactive Workbook
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Check here
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- Download & Explore: Begin with sample papers to understand question types.
- Guided Workbook: Complete chapter exercises—celebrate every correct answer with stickers!
- Mock Tests: Take timed, interactive tests on the SCO platform. Parents can review your Learning Progress Report together.
- Daily Money Talk: Discuss “needs vs. wants” at home—turn real-life shopping into fun quizzes.
Cut-off & Answer Key
- Cut-off Marks: Determined dynamically based on session performance; typically around 60–65% for medals.
- Answer Key: Published online immediately after results; available for free download.
Results & Awards
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Participant Certificate: All students.
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Medals & Trophies: Top 10% at school, national, and international levels.
- Saving Star Badge: For children who demonstrate excellent saving habit scenarios in their mock tests. Click here to know more
Global Presence
Join a vibrant community of young savers and spenders across 50+ countries—India, USA, UK, UAE, Singapore, Australia, Canada, and South Africa. SCO’s online platform ensures seamless participation and real-time support worldwide. SCO Global
FAQs – Class 1 Finance Knowledge Olympiad (IFKO)
- What age group is the IFKO designed for?
IFKO is tailored for Class 1 students, typically aged 6–7 years, with child-friendly content and visuals.
- Do participants need any prior finance experience?
No—IFKO starts from the basics, so even complete beginners can join and learn core money concepts.
- How long does the Class 1 IFKO exam last?
The exam runs for 45 minutes and features pictorial questions and simple multiple-choice items.
- Can parents help during the official exam?
No—while parental guidance is allowed in practice tests, the final exam is strictly child-led to assess individual understanding.
- Are the IFKO sample papers free to download?
Yes, students and educators can download unlimited sample and past papers at no cost.
- What is the format of the online mock tests?
Interactive quizzes with instant scoring and visual feedback on coin recognition, counting, and saving scenarios.
- When will I receive the personalized assessment report?
You’ll get a detailed “Family Financial Progress Report” within two weeks of completing the exam.
- What if my child cannot attend the scheduled exam date?
Simply register for the next available session—there’s no penalty or extra registration fee.
- Is there any negative marking in IFKO?
No—each correct answer adds to the score, and there is no deduction for incorrect responses.
- Which currency is used in the exam examples?
Questions use the Indian Rupee (INR) by default, with a USD equivalent shown for international clarity.
- Can siblings share a single SCO account?
No—each child needs an individual registration to generate personalized performance reports.
- Do I need a school-issued email to sign up?
No—a valid personal email works perfectly for registration and receiving notifications.
- Is there a mobile app for IFKO materials and exams?
A dedicated mobile app is coming soon; for now, our responsive website provides full functionality on tablets and smartphones.
- How do I download my admit card?
Log into your SCO account 48 hours before the exam and click “Download Admit Card” under your dashboard.
- Are study groups or workshops available?
Yes—parents and children can join weekend virtual workshops and peer-study groups to reinforce learning.
- Which topic do students find most challenging?
“Needs vs. Wants” often requires practical examples—using real-life scenarios at home can help solidify understanding.
- Can my child repeat mock tests multiple times?
Yes—there’s no limit to mock test attempts, allowing for unlimited practice until they feel confident.
- How is the international ranking determined?
Rankings are based on percentile scores, normalizing results across all global participants in a session.
- Is IFKO recognized by schools and educational bodies?
Many partner schools include IFKO in their enrichment programs to introduce early financial literacy.
- Can children who aren’t fluent in English participate?
Yes—questions rely heavily on images and minimal text, making the exam accessible to non-native English speakers.
- Where are the IFKO results published?
Results appear on the SCO results portal and are emailed directly to the registered address.
- What awards and recognitions are available?
Qualifiers earn Participant Certificates, top scorers receive medals and trophies, and “Saving Star” badges reward excellent money-saving scenarios.
- How can I appeal or recheck my child’s score?
Submit a re-evaluation request via [email protected] within one week of the result announcement.
- Can I order a hard-copy certificate?
SCO release e - certificates to all participants and achievers.
- Who do I contact for technical or exam-related support?
Reach out to our 24/7 helpdesk via live chat on the website or email [email protected] for prompt assistance.
Empower your First Grader with financial confidence—register for SCO IFKO Class 1 today and unlock a lifetime of smart money habits!
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