The ICAI Commerce Wizard 2022-2023 (Talent Search Test) will be held on January 8, 2023 (Level 1) and January 29, 2023 (Level 2). Registrations for students in Classes 9th, 10th, 11th, 12th, and Graduation (B.Com/ BBA/ BMS/ Allied Subjects) shall remain open until December 31, 2022.
The Commerce Wizard Test of ICAI consists of objective type multiple choice questions (MCQs). Participants are required to answer all of the questions. Each question is worth one mark, with a 0.25-point penalty for incorrect answers. However, there is no negative marking for any questions that are not attempted. Participants must remember/save their login information generated during registration. It is also critical that participants log in at least 15 minutes before the test begins. Participants are advised to first thoroughly read the detailed instructions for Registration after logging in.
The ICAI’s Committee for Career Counselling (CCC) organises the Talent Search Test, also known as the ICAI Commerce Wizard (ICW), which is a diagnostic test used to assess students’ ability and conceptual understanding. Commerce Wizard tests are given in English at two levels, Level I and Level II.
A registration fee of Rs. 100/- is applicable until December 31, 2022, after which a late fee of Rs. 150/- is applicable until the last date of registration, which is January 4, 2023. (up to 05:00 PM).
The ICAI will award cash prizes of Rs 100,000, Rs 50,000, and Rs 25,000 to participants who place first, second, and third, respectively, in the 2022-2023 commerce wizard test. If there are multiple winners, the prize money will be divided among them. If there are more than 50 joint rank holders in the first slot or more than 33 joint rank holders in the second and third slots, the awardees will each receive Rs 2,000, Rs 1500, and Rs 750, along with a Merit Certificate.
There will also be consolation prizes of Rs 1,000 each with an ICAI Appreciation Certificate for the top 200 scoring participants. Furthermore, all participants are eligible for an ICAI Participation Certificate.
ICAI Announcement on Commerce Wizard Test 2022-2023
Tentative Schedule of ICAI Commerce Wizard Talent Test 2022-23
| Events | Date/ Time: Fee |
| Last date for Online Registration without late fee | Up to 31/12/2022: Rs. 100/- |
| Last date for Online Registration with late fees | 01/01/2023 to 04/01/2023 upto 05:00 PM: Rs. 150/- |
| Date/ Time for First Level of Commerce Wizard Test (Online test) | 08/01//2023 (Sunday) 10:00 AM to 11.00 AM (Class IX) 11:30 AM to 12.30 PM (Class X) 01:00 PM to 02:00 PM (Class XI) 02:30 PM to 03:30 PM (Class XII) 04:00 PM to 05:00 PM (Graduation: B.Com/ BBA/ BMS/ Allied Subjects) |
| Date/ Time for Second Level of Commerce Wizard Test (Online Mode in the designed Test Centre) | 29/01/2023 (Sunday) 10:00 AM to 11.00 AM (Class IX) 11:30 AM to 12.30 PM (Class X) 01:00 PM to 02:00 PM (Class XI) 02:30 PM to 03:30 PM (Class XII) 04:00 PM to 05:00 PM (Graduation: B.Com/ BBA/ BMS/ Allied Subjects) |
Last but not the least is to match the system requirements for taking the commerce wizard test properly. Participants can use Windows 7/ 8/ 8.1/ 10 or later version as Operating System, Intel Pentium 4 or later version (SSE2 capable) as Processor, Minimum 2 GB RAM, Google Chrome Browser and Minimum Internet Speed of 2 Mbps.
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I didn’t receive any email confirming the registration.
You should check your Spam mails folder. May be the ICAI email is not delivered in your Inbox. In case no such mail landed in Spam folder also, then you should contact ICAI for further support/ guidelines.
When will be Level I result declared?
What will happen with the prize money amount, if there are more than 1 or 2 rank holders on the first and/or second rank of the ICW?
Of course, the prize money will be equally distributed among such rank holders.
How do I prepare for the ICAI Commerce Wizard Test 2023?
What is the qualifying or minimum marks in level 1 of ICAI Commerce Wizard Test?
Please refer attached instructions of ICAI, which indicates the “Criteria for selecting Candidates for Level-II”, as under:
Up to top 800 candidates each from IX, X, XI, XII & Graduation shall be shortlisted for Level-II test or 10% of the Candidates appeared for the Level-I online test, whichever is higher.
How can I check marksheet of level 1 test
When can we receive the prize money of ICAI’s Commerce Wizard exam?