ICAI Commerce Wizard 2024: Exam Date & Timing, Application Form, Syllabus, Exam Pattern

ICAI Commerce Wizard 2024 application form may release in the 4^th week of December 2024. ICAI commerce wizard will be conducted by the Institute of Chartered Accountants of India (ICAI). The aim of this test is to educate and motivate the students of the country to achieve excellence in the field of commerce. It is a two-level examination to be conducted in online mode.

All the participants will get a participation certificate. Those who are looking to apply need to fill and submit the application form before the last date. All the important information related to the ICAI Commerce Wizard 2024 is given in this article.

ICAI Commerce Wizard 2024 Important Dates

The tentative dates related to the ICAI Commerce Wizard 2024 are as follows.

Eligibility Criteria

Before applying for the ICAI Commerce must check the following eligibility criteria.

• Those candidates who are currently studying in any of the following classes are eligible – class IX/ X/ XI/ XII and B.Com./ BBA/ BMS/ Allied Subjects.
• Students who are registered under open distance learning are also eligible for appearing in the test.

ICAI Commerce Wizard 2024 Application Form

The application process of ICAI Commerce Wizard 2024 will take place in online mode only. Those who are looking to apply need to fill and submit the application form through the official website only. Given below are the complete details related to the application process.

• To start the application process, aspirants are required to register on the official website i.e. www.icaicommercewizard.org.
• After registration, applicants need to sign-in using the login credential generated during registration and access the main application form.
• In the application form, aspirants have to provide their complete academic, personal and contact details in the application form.
• Apart from the details, candidates are also required to upload the scanned images of their photograph in the application form.
• The details entered in the application form must be correct. Otherwise, the candidature might get rejected.
• It is also compulsory to pay the required application fee.
• All the candidates should also take a printout of the application form submitted for the future requirement.

Application Fee

• The application fee for all the candidates is Rs. 100/-(Without late fees)

Mode of payment

• The application fees must be paid online using a credit card, debit card, or internet banking.

ICAI Commerce Wizard  2024 Admit Card

• Once the application form submission gets over, authorities will release the admit card for all the eligible candidates.
• The admit card will be available in online mode through the official website of the ICAI.
• In order to download the admit card, candidates need to provide their details like Application Number / Email ID / Mobile Number with Password correctly.
• Please note that the admit card for level and level 2 of the examination will be released separately.
• The details about the date, time, and venue of the examination will be mentioned on the admit card.

Vidyarthi Vigyan Manthan

Jharkhand JAC Akanksha

Exam Pattern

The candidates preparing for ICAI Commerce Wizard must know the exam pattern. Basically, ICAI commerce wizard consists of two levels i.e. level 1 and level 2. Those who will clear the level 1 will be shortlisted for level 2. The pattern of both the levels of exams are as follows.

• Mode of examination: Online (Computer-based test)
• Type of questions: Objective type multiple choice questions
• Number of questions: 80
• Medium of questions: English
• Duration of the examination: 1 hour
• Maximum marks: 80
• Marking pattern: Each question will carry 1 mark
• Negative marking: 0.25 marks will be deducted in case of an incorrect answer

Class-wise exam pattern

Class 9^th and 10^th

Class 11^th and 12^th

B.Com/ BBA/ BMS/ Allied Subjects

Syllabus

The syllabus of ICAI Commerce Wizard 2024 is different for various classes. We are providing some general topics for each class.

• 9^th Class: Mathematics (Number Systems, Algebra, Coordinate Geometry, Geometry: Introduction to Euclid’s Geometry, Mensuration, Statistics and Probability), Economics (People as Resource, Poverty as a Challenge, Food Security in India), Business Awareness (Who’s who in the Business world, Life of the Business personalities & General Knowledge pertaining to the Business World), Aptitude Test (Letter Series, Wrong Letter series, Repeat Series, Number Series, Wrong Number Series, etc.)
• 10^th Class: Mathematics (Number Systems, Algebra, Coordinate Geometry, Geometry: Introduction to Euclid’s Geometry, Mensuration, Statistics and Probability), Economics (Development, Sectors of the Indian Economy, Money and Credit, Globalization and the Indian Economy, Consumer Rights), Business Awareness, Aptitude Test (Series, Analogies or Relationships, Coding and Decoding, Place and arrangement, Distance and Direction, Blood Relationships, Rows and Ranks, Number Problems, Logical diagram, Venn diagrams, Competition of Series, etc.)
• 11^th Class: Business Studies (Foundations of Business, Finance and Trade), Accountancy (Theoretical Framework, Accounting Process, Depreciation, Provisions and Reserves, Accounting for Bills of Exchange), Economics (Statistics for Economics, Introductory Microeconomics), Aptitude (Coding and Decoding, Arrangements, Cubes, Binary Logic, Calendars, Clocks, Directions, Blood Relations, Logical Consistency, Assumptions, Number series, Puzzles, etc.)
• 12^th Class: Business Studies (Principles and Functions of Management, Business Finance and Marketing), Accountancy (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies, Financial Statement Analysis), Economics (Introductory Macroeconomics, Indian Economic Development), Aptitude (Coding and Decoding, Arrangements, Cubes, Binary Logic, Calendars, Clocks, Directions, Blood Relations, Logical Consistency, Assumptions, Number series, Puzzles, Non-verbal reasoning, etc.)

Result

• The Institute of Chartered Accountants of India (ICAI) will declare the result online through the official website.
• Candidates will be able to check their results by entering their roll numbers and other information on the official website.
• Those candidates who will clear the level 1 exam will be invited for the level 2 examination.
• 800 candidates of each from IX, X, XI, XII & B.Com/ BBA and Allied Subjects shall be shortlisted for Level-II test or 10% of the Candidates appeared for the Level I Test, whichever is higher.
• The result of level 2 will also be declared online after the examination.

Awards

The awards of different rank holders are as follows.

• 1^st rank from each class: Rs. 1, 00, 000/- for 1^st rank holder. If multiple winners are there, the prize amount will be shared by them. If more than 50 joint rank holders for the same, the awardees will at least be awarded the cash prize of Rs. 2,000/-
• 2^nd rank from each class: Rs. 50, 000/- for the 2^nd rank holder. If multiple winners are there, the prize amount will be shared by them. If more than 33 joint rank holders for the same, the awardees will at least be awarded the cash prize of Rs. 1,500/-
• 3^rd rank from each class: Rs. 25, 000/- for the 3^rd rank holder. If multiple winners are there, the prize amount will be shared by them. If more than 33 joint rank holders for the same, the awardees will at least be awarded the cash prize of Rs. 750/-
• Consolation Prize: Next 200 rank holders will get Rs. 500/-

Note: All the participants will get participation certificates.

Frequently Asked Questions