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ICAI conducts 'Commerce Wizard 2016' to bring forth the best of commerce minds

Last Modified : February 01, 2017

To man the economic development of the country and to meet the growing needs of the society, there is greater demand for sound development of commerce education. In Indian context, Commerce is considered as one of the most popular career options in India. Commerce education is the backbone of the business and serial development of the nation.

The Institute of Chartered Accountants of India (ICAI) has taken an initiative to search talent in commerce stream & popularize the Commerce education across the country amongst Secondary, Senior/ Higher Secondary, Graduate/Post Graduate students as well as other stakeholders with special focus on CA course. 

“Commerce Wizard -2016” i.e. a talent search test was organised by Career Counseling Committee of ICAI. This was a diagnostic test that would measures the concept understanding ability of a student. Unlike other tests which only try to find out how much a child knows, this test would measure how well a student has understood the concept

Cash awards of more than 1 million rupees were slated for the meritorious candidates. The aforesaid test will act as a tool for empowerment of the students.

 The ICAI Commerce Wizard conducted was conducted at two levels:

Level 1 test: 

The first level of the test was organized through on-line arrangement on Jan 15,2017. The candidates appeared in the online test from their homes or any convenient place through their Laptop/Desktop/Mobile. The online test had 100 questions (100 marks) objective-type (Multiple Choices) questions of 75 minutes duration, 25 questions (25 marks) from each subject  such as Business Studies, Mathematics, Economics & Aptitude for the students of class IX & X in i.e Category -1 and Mathematics, Economics, Accounting & Aptitude for the students of class XI & XII i.e Category -2.

3000 students from each category i.e Class IX & X and XI & XII were selected From Level-1 to Level 2 test

Level 2 test: 

The level 2 test was conducted by means of classroom written test in the designated Centre through Printed Question papers & OMR answer sheets for shortlisted candidates of level 1 on Jan.22nd ,2017.  There were100 questions (100 marks) objective-type (Multiple Choices) questions of 90 minutes duration, 25 questions (25 marks) from each subject  such as Business Studies, Mathematics, Economics & Aptitude for the students of class IX & X and Mathematics, Economics, Accounting & Aptitude for the students of class XI & XII.

Negative marking of 0.25 for every wrong answer in case of level-1 & Level 2 test was also done. There was no negative marking for un-attempted answers for Level-1 & Level-2 tests.

Around 22700 students had registered from Class IX & X and Class XI & XII in the Commerce Wizard-2016 Test and out of these,16,000 had appeared for the exams.

List of Awardees are as Follows:

Merit Awardees

For Class 9th and 10th:

 Hardik Mahur - Application ID (10028778) - 1st Prize (Rs1,00,000)
 Abhay Gupta - Application ID (10025367) - 2nd Prize (Rs 50,000)

For Class 11th and 12th:
Mrunmayee Avachat - Application ID (10000820) - 1st Prize(Rs1,00,000)

Prabal Gupta - Application ID (10002402) - 2nd Prize (Rs 50,000)

Special Appreciation Awardees (Rs 5,100 each)

For Class 9th/10th

  1. 10024710 DHRUV SOMANI
  2. 10007857 SHREYANSH GUPTA
  3. 10022773 EKNOOR SINGH
  4. 10016745 SAHIL GARG
  5. 10022144 ADITYA GROVER
  6. 10013232KRITIN  AGARWAL

 For Class 11th/12th

  1. 10000702 – MACHA CHARAN
  2. 10000462 – TANYA AGGARWAL
  3. 10024593 – GAYATRI KONDURI
  4. 10005309 – POORVA AGRAWAL
  5. 10017465 – TARRANPREET CHHABRA

Top 1000 candidates  for ICAI Commerce Wizard-2016 of Class IX &X and XI & XII separately will be awarded with Rs 500/-. The List of Candidates is already uploaded on the website: icaicommercewizard.com.