News of the Day | RESONANCE CLPD

ICAI Commerce Wizard-2016

About Exam

The Commerce Talent Search Test called as Commerce Wizard -2016 is a diagnostic test that measures the concept understanding ability of a student. Unlike regular tests which try only to find out how much a child knows, this test measures how well a student has understood the concepts.

Eligibility & Registration of Students: 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.

Registration Fees: ₹100/- per candidate

Registration with Late Fees after due date is over: ₹150/- per candidate

Registration Numbers: The registration numbers will be generated by means of the online resources.

EXAM STAGES

The Commerce Wizard will be conducted at two levels:

Level 1 Test: The first level of the test is organized through on-line arrangement. The candidate can appear in the aforesaid online test from his home or any convenient place through their Laptop/Desktop / Mobile.

Criteria for selecting Candidate from the Level-1 Test to Level-2 Test

i. Up to 50000 candidates appeared in Level-1 Test: 4000 candidates of each from IX & X and XI & XII will be shortlisted for Level-2 test
ii. More than 50000 candidates appeared in Level-1 Test: 4000 plus 2% of the candidates of each from IX & X and XI & XII appeared in excess of 50000 in level-1 test.

PAPER & PATTERN

Test Paper Pattern:

The test will be conducted in English language only.
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.
Level 1 Test: There will be 100 questions (100 marks) objective-type (Multiple Choice) questions of 75 minutes duration, 25 questions (25 marks) from each section through on-line arrangement as follows:
I. For Class IX & X : Business Studies, Mathematics, Current Economic affair & Aptitude
II. For Class XI & XII: Business Mathematics, Economics, Fundamentals of Accounting & Aptitude for the students studying in class XI & XII.

There is negative marking of 0.25 for every wrong answer. No Negative marking for un-attempted answers.

Level 2 Test: There will be 100 questions (100 marks) objective-type (Multiple Choice) questions of 90 minutes duration, 25 questions (25 marks) from each section by means paper & pencil test in the designated Centre as decided by the Test Management Committee for shortlisted candidates of level 1 as follows:

I. For Class IX & X: Business Studies, Mathematics, Current Economic affair & Aptitude
II. For Class XI & XII: Business Mathematics, Economics, Fundamentals of Accounting & Aptitude for the students studying in class XI & XII.

There is negative marking of 0.25 for every wrong answer. No Negative marking for un-attempted answers.

How to apply

Important Dates:

PRIZES

Level 1 Test

Every candidate appeared for the First level test will get a participation certificate.

Level 2 Test

For Class IX & X Students	For Class XI & XII Students
1^st Rank holder will be awarded with Rs 1,00,000/- if multiple winners are there, the prize amount will be shared by them. If more than 20 joint rank holders for the same, the awardee will at least awarded with the cash prize of Rs 5,000/- along with a certificate.	1^st Rank holder will be awarded with Rs 1,00,000/- if multiple winners are there, the prize amount will be shared by them. If more than 20 joint rank holders for the same, the awardee will at least awarded with the cash prize of Rs 5,000/- along with a certificate.
2^nd Rank will be awarded with Rs 50,000/-, if multiple winners are there, the prize amount will be shared by them.If more than 20 joint rank holders for the same, the awardee will at least awarded with the cash prize of Rs 2,500/- along with a certificate.	2^nd Rank will be awarded with Rs 50,000/- , if multiple winners are there, the prize amount will be shared by them.If more than 20 joint rank holders for the same, the awardee will at least awarded with the cash prize of Rs 2,500/- along with a certificate.
Next Top 1000 will be awarded with consolation Award will be awarded worth Rs 500/- along with a certificate	Next Top 1000 will be awarded with Achiever Award will be awarded worth Rs 500/- along with a certificate.
Participation Certificate will be given to each participant appeared for the second level test.	Participation Certificate will be given to each participant appeared for the second level test.
Note: In case of Multiple awardees of 1^st& 2^nd rank, if the cash prize to be awarded to the first rank holders is less than by 2^nd rank holders, the decision of the cash award to be awarded to 1^st& 2^nd Rank holders will be decided by the test management Committee.