Exam notice: ICAI Commerce Wizard 2016

Published On 23/12/2016

The Institute of Chartered Accountants of India (ICAI) has invited applications for the 'ICAI Commerce Wizard 2016,' a talent search examination in Commerce for school children. As per schedule, the emanation will be held on January 8, 2017 (First level) & January 15, 2017 (Second level) at various schools across the country.

For official notification click here


  • • The Commerce Wizard test will be a tool to educate, motivate the students of Country to achieve excellence in commerce stream
  • • The Commerce Wizard test will act as a tool for talent search in Commerce stream.
  • • The aforesaid test will facilitate selection of meritorious students to grant financial award as well recognition; in turn motivate to achieve excellence.
  • • The aforesaid test will Project ICAI as a premier accounting Body which can act as a tool for empowerment of the students.

Eligibility criteria:

The registration is open to the Students of appearing class IX/X/XI/XII examination. Students registered under open distance learning will also eligible for appearing in the aforesaid test. Candidates must fill the registration forms through the dedicated website, duly filled in and complete in all respects by the due date.

Application procedure:

Candidates can apply online on the official website.

To apply click here

Registration fees:

All the candidates need to pay Rs 100.

Registration along with late fees after due date is Rs 150.

Examination pattern:

  • The exam will have two levels
  • Candidates can take the level 1 test online sitting at his/ her home
  • The participants who clear the first level will be allowed to appear for the second level
  • The level one test will be of 75 minutes and level two will be 90 minutes long carrying 100 marks with negative marking of 0.25.

Exam dates:

Level 1 Test:  To be held on January 8, 2017

  • Classes 9 and 10: 10:45 am to 12:00 noon
  • Classes 11 and 12: 4:15 pm to 5:30 pm

Level 2 Test: To be held on January 15

  • All classes:  From 2:30 pm to 4:00 pm

Cash prize:  

  • 1st rank holder will be awarded with Rs 1,00,000; if multiple winners are there, the prize amount will be shared by them
  • 2nd rank will be awarded with Rs 50,000; if multiple winners are there, the prize amount will be shared by them.

Important dates:

Last day to apply without late fee: 31st Dec, 2016

Last day to apply with late fee: 5th Jan, 2017

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