ICAI Commerce Wizard 2017

ICAI Commerce Wizard 2017

Last date to apply

31 December 2017

About ICAI Commerce Wizard

ICAI Commerce Wizard 2017 is organised to educate and motivate the students of Country to achieve excellence in commerce stream. This is a Commerce Talent Search Test which is designed to measure the concept understanding ability of commerce stream students. This competition is organised by The Institute of Chartered Accountants of India (ICAI). ICAI Commerce Wizard 2017 will provide financial help as well as recognition to meritorious and outstanding students in commerce stream.

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ICAI Commerce Wizard 2017 Dates

 

Event

Dates

ICAI Commerce Wizard Application End

31 December 2017

Last date to Apply (with Late Fee)

1 January - 5 January 2018

ICAI Commerce Wizard - Level 1 Exam

7 January 2018
 
Time Slots
Class 10,  B.Com./BBA/BMS/Allied Part 1 
11:45 a.m. to 1:00 PM
Class 11,B.Com./BBA/BMS/Allied Part 2
 2:00 pm to 3.15 PM
Class 12,B.Com./BBA/BMS/Allied Part 3
04:15 p.m. to 05:30 p.m.

List of Selected Candidates for Level 2

2nd week of January 2018

ICAI Commerce Wizard - Level 2 Exam

21 January 2018
For Class 10, 11 12
10:30 a.m. to 11:45 a.m.

For B.Com./BBA/BMS/Aliied Subjects Part 1, 2 and 3
3.00 p.m. to 4.15 p.m.


About ICAI Commerce Wizard 2017: The ICAI Commerce Wizard 2017 will be conducted at two levels such as:

  • Level 1 Test: The first level of the test is organised through the online mode. The candidate can appear in the aforesaid online test from his home or any convenient place through their Laptop/Desktop/Mobile. 
  • Level 2 Test: The level 2 is conducted for shortlisted candidates for level 1 test. The level 2 test will be an Online or Pen Pencil Mode which will be conducted in the designated test centre.

Subjects for Test

 

  • For Class 10: Social Studies (Economics), Mathematics, Business Awareness & Aptitude For Class 11 & 12: Business Studies, Accountancy, Economics & Aptitude
  • For  B.Com./BBA/BMS/Aliied Subjects Part I, Part II & Part III Examination: 
    Business Studies, Accountancy, Economics/ Financial Studies & Aptitude

ICAI Commerce Wizard Latest News


ICAI Commerce Wizard Online Exam- level 1 will be conducted on 7 January 2018. The next level offline exam will be held on respective centres on 21 January 2018. IST. It is advisable to reach the centre in half an hour advance. Eligible candidates for level 2 exam (Offline) will be notified by email & SMS. List of selected candidates will be displayed in the 2nd week of January 2018. 

ICAI Commerce Wizard Level 1 Questions

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ICAI Commerce Wizard Eligibility Criteria

Gender  Both
Region  Indian
Class/ Age  Students in Class 10, 11, and 12 and B.Com./BBA/BMS/Allied Subjects Part I, Part II & Part III Examination
Details
  • Students who are appearing in Class 10, 11, and 12 examinations can apply for this competition.
  • Students who are registered under open distance learning are also eligible for appearing in the test above.
  • Candidates must fill the registration forms through the dedicated website, duly filled in and complete in all respects by the due date.

ICAI Commerce Wizard Reward

Every candidate who appeared in the First Level Test will get a participation certificate and Rewards for Second Level Test are mentioned below:

The Ranks would be given separately for all classes. So the awards will be presented independently for Class 10, Class 11 & Class 12, B.Com./BBA/BMS/Aliied Subjects Part I, Part II & Part III.

Award Ceremony will be held at Delhi NCR/Mumbai tentatively in February 2018

 

Rank

Prize

In case of 50 joint rank holder

First Rank

Rs 75,000 + Certificate

Rs 2000 each + Certificate to each

Second Rank

Rs 50,000 + Certificate

Rs 1500 each + Certificate to each

Third Rank

Rs. 25,000

Rs. 1000 each + Certificate to each

Consolation Prize to next 250 candidates

Rs 500 + Certificate

-

 

  • Appreciation certificate to the candidates who have secured 50% marks in the Level 1 online test.
  • First 3 Rank Holders of Level-II Test will be exempted from paying of Fees for registering in the Foundation scheme/Intermediate Scheme (As per their eligibility) of CA course.

In the case of multiple awardees of 1st & 2nd rank, if the cash prize to be awarded to the first rank holders is less than by 2nd rank holders, the decision of the cash award to be granted to 1st & 2nd Rank holders will be decided by the test management Committee.

ICAI Commerce Wizard Application form and Process

Candidates can fill the Application Form through online mode only, after filling the application form they will get their registration numbers. Steps to fill the application form are mentioned below

  • STEP 1: Fill in the Application Form: Candidates must fill their personal details such as Name, DOB, Gender, Address, etc.
  • STEP 2: Candidates have to fill their educational details and chose their test centre for Level 2 examination.
  • STEP 3: Payment of Application Fee: Candidates have to fill the application fee through Credit Card/ Debit Card (ATM Card)/ Net Banking.

ICAI Commerce Wizard 2017 Application Fee

Particulars Application Fee           
ICAI Commerce Wizard 2017 Application Fee Rs. 100
ICAI Commerce Wizard Application Fee (with late fee) Rs. 150

 

Application Submission


ICAI Commerce Wizard Application Form has to be filled and submitted through online mode only. Candidates need not send application fee or any other document to the institute, however, they can take a printout of the application form for future reference.

ICAI Commerce Wizard Selection Process

The candidates who clear the Level 1 test will have to appear in the level 2 for final selection. The final selection of candidates for prize money is based on their performance in Level 2 test. 

ICAI Commerce Wizard 2017 Exam Pattern

Question papers are suitable for students of CBSE/ICSE or any other national boards or open schools and various state boards conducting Secondary/Senior Secondary Examination.

ICAI Commerce Wizard Level 1 & 2 Test

Language of Question Paper: English

Duration of Exam: 75 minutes (1 hour 15 Minutes)

Number of Questions: 100

  • Mode of Exam for Level 1: Computer Based – Online at home/internet cafe/ anywhere
  • Mode of Exam for Level 2: Online or Pen Pencil Mode in the designated test centre

Negative Marking: 0.25 for every wrong answer. No Negative marking for un-attempted answers.

ICAI Commerce Wizard Sample Questions

Class 10 Exam Pattern for Level 1 and Level 2

Section

Question

Marks

Social Studies (Economics)

25

25

Mathematics

25

25

Business Awareness

25

25

Aptitude Test

25

25

Total

100 Question

100 Marks

 

Class 11 and 12 Exam Pattern for Level 1 and 2

Section

Question

Marks

Business Studies

25

25

Economics

25

25

Accountancy

25

25

Aptitude Test

25

 25 

Total

100 Question

100 Marks

 

B.Com./BBA/BMS/Aliied Subjects Part I, Part II & Part III  Exam Pattern

 

 

Section

Question

Marks

Business Studies

25

25

Accountancy

25

25

Economics/ Financial Studies

25

25

Aptitude Test

25

 25 

Total

100 Question

100 Marks

 

ICAI Commerce Wizard Test Centre: The candidates are not required to go any test centres because they can give the test at home or nearest  Internet café or any convenient place.

ICAI Commerce Wizard Syllabus 2017

 

Class Syllabus
Class  10 Click here
Class 11 & 12 Click here 

 

Other Important Details for Level 1 Exam

  • For level 1 exam the candidates will have to arrange their own desktops/ laptops/ mobiles etc. and data card/ internet connectivity.
  • The candidates will log into the application portal in order to access link to the eligibility test via web. This link will be hosted on the Portal. On clicking on the link, the candidate will be redirected to the Online Test Portal.
  • The screen presented to the candidate should depict the Timer which should always be visible to the candidates.
  • Candidates shall take their seats and set their laptops/desktops/mobile at least 10-15 minutes prior to the commencement of the Test and mark attendance by entering their unique ID provided to them at the time of successful registration along with the password and the software shall verify the authenticity.

ICAI Commerce Wizard Result


The Result for stage 1 will be declared in 2nd Week of January. The result will be in the form of a list of students who have been selected for the stage 2. The result will be declared online and students can check that online. We will update the result as and when it is declared by ICAI. Marks secured by the students will not be given in the result of level 1.

Number of students to be selected for Level 2

1000 candidates of each from Class 10, 11 &12shall be shortlisted for Level-II test or 15% of the Candidates appeared for the Level I Test, whichever is higher.

ICAI Commerce Wizard Contact Details

The Institute of Chartered Accountants of India
ICAI Bhawan, A-29, Sector - 62
Noida (Gautam Buddha Nagar)

Helpline Number: 0120-3876871/ 3876886
Email: ccc.events@icai.in

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