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Preparation Tips & Tricks for CA-CPT Exam Dec-17

5 tips for cpt

While you are appearing the CA CPT examination, here are some “quick” tips that will add to your confidence and free you from the burden of the examination.

1.Prioritize Accounts

Accounting is a mark-fetching subject in CA CPT. In case you have commerce background, you are already acquainted with the fundamentals of Accounts. Try to solve as many problems as you can, covering all the chapters.

If you have no commerce background, you need to give more time on studying the theory parts and make clear concept of fundamental accounting principles of ‘debit’ and ‘credit’and learn formats applicable to different accounts, such as journals, cash book, trial balance and final accounts of proprietary accounts, partnership account and company account.

2. Mercantile Law

This is next to Accounts, with regard to fetching marks in the CA CPT. You should learn various provisions of the Contract Act, Sale of Goods Act, Negotiable Instrument Act, Partnership Act and Law of Torts. Make clear concept of the explanation of certain legal terminologies and their implications. You should also understand the implications of some important cases related to various acts.

3. Economics

In the CA CPT, this is comparatively, an easier subject and the Macro Economics part of it is more mark-fetching if you have made clear conception in the theory. It is about the study of national economics and of the government policies taken up for affecting the economic performance of a nation.

You will have to make a quick study of various chapters such as business cycles, policy, long-run economic performance, Productivity, consumption, saving and investment. Make your own notes on the important aspects of various chapters.

4. Quantitative Aptitude

This subject may seem little difficult to you if you are not very good at math. But, Statistics will be easier than math.

So, while preparing for your CA CPT, you can concentrate on Statistics by conceptualizing the theory and work out problems from averages, correlation and regression, differentiation and integration and theoretical distribution.

In the examination, you may be required to work out some problems to find out a single answer of the MCQs. You may keep this to be attempted at the last and in case you find some, very difficult, don’t spend much time on it; as otherwise, you may fail to attempt questions that may fetch marks for you. Always look to your watch and assign pre-conceived time for the same.

5.Non-Attempting the Whole

While appearing the CA CPT, don’t keep in mind that you will attempt the whole 100 questions assigned in the examination paper.

Rather keep in mind that you are to score a minimum of 30% in all the subjects. And if you give a wrong answer, you are losing 0.25 on the whole and a cumulative of wrong answers may drag you down the minimum scoring.

6. Reading Method

Read fast, the first page for five minutes and then read slowly to comprehend the topic clearly. After completion of a chapter in this way, attempt all the questions given in the book and then check the answers given.

Give tick mark on the correct answers which need not be attempted again. Put cross marks on incorrect answers which need to be revised

7. Revision Method

While making the revision, take up those areas where you have answered incorrectly at your first attempt. This process of revision should be repeated till you are fully-versed and correct on a particular chapter.

8. Practice Method

Practice to solve the past year questions and the probable questions for your ensuing CA CPT. It is here that you may experience difficulties. In that case, join a reputed CA coaching institute.

9. Scheduled Study

Chalk out a well-planned study schedule and adhere to the timings rigidly. In this regard, you can get better guidance if you join a CA coaching institute where you can take up mock tests.

10. Maintain Positivity

All throughout your preparation as well as in your examination maintain complete positivity without having any fear or apprehension about your success in your CA CPT.

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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.

commerce-wizard-pic

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

commerce-wizard-blog-1

Important Dates:

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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
  • 1st 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.
  • 1st 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.
  • 2nd 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.
  • 2nd 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 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 awarded to 1st & 2nd Rank holders will be decided by the test management Committee.

For More Information Log on to: https://icaicommercewizard.com/

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