The institute of Charted Accountants of India (ICAI) has released a notification regarding the ICAI Commerce Wizard 2016. As per the notification, ICAI is all set to conduct the ICAI Commerce wizard 2016 examination. This is a talent search examination in commerce. The students from class 9th to 12th are eligible for the examination.
The exam will be held on January 8, 2017 at various schools throughout the world.
As per the notification, 1st rank holder will be awarded with INR 100000. The amount will be shared if multiple winners are announced for the same rank.
2nd rank holder will be awarded with INR 50000 and this amount would also be shared if multiple winners are announced for the same rank.
Registration Fees: Candidates will have to pay INR 100 as a registration fee. Late fee charges are INR 50. So candidate who will register themselves after the due date has passed will have to pay INR 150.
- Exam will be held in two levels.
- Candidates are allowed to take the level 1 examination online from home only.
- The candidates who will successfully clear the level two examinations will be allowed to appear for the second level.
The level one will be of 75 minutes and level two will be of 90 minutes. Exam will be of 100 marks and there is a negative marking as well of 0.25 mark for every wrong answer.