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ICAI Online Assessment Test for Certificate Course on Derivatives for CA Members

ICAI Online Assessment Test on August 18, 2024, evaluates Chartered Accountants' proficiency in derivatives. Check here ICAI Online Assessment Test schedule, pattern, prerequisites, and important instructions.
authorImageMridula Sharma4 Aug, 2024
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ICAI Online Assessment Test

The ICAI Online Assessment Test for the Certificate Course on Derivatives is a crucial step for CA members looking to enhance their financial market skills. Conducted by the Committee on Financial Markets and Investors’ Protection of the Institute of Chartered Accountants of India (ICAI), this test ensures that members are well-versed in derivatives and related financial instruments.

The test is hosted on the ICAI Digital Learning Hub and is designed to evaluate participants' knowledge and understanding of the course material comprehensively. With the test scheduled for August 18, 2024, candidates must prepare thoroughly to succeed.

ICAI Online Assessment Test

The ICAI Online Assessment Test for the Certificate Course on Derivatives is a pivotal examination for Chartered Accountants in India who wish to specialize in the complex world of derivatives. This test is meticulously crafted to gauge the participants' understanding of derivatives, financial instruments, and their applications in the financial markets. The test is a gateway for CA members to prove their expertise and gain a certificate that signifies their proficiency in derivatives. The ICAI Online Assessment Test is a rigorous examination and a valuable opportunity for CA members to enhance their skills and credentials in the financial sector.

ICAI Online Assessment Test Exam Schedule

The ICAI Online Assessment Test is scheduled for Sunday, August 18, 2024. Check the table below for ICAI Online Assessment Test Exam Schedule:
ICAI Online Assessment Test Exam Schedule
Details Description
Date of Exam August 18, 2024
Time of Exam 10:00 AM to 1:00 PM IST
Number of Questions 100 MCQs
Total Marks 100
Paper Paper P1
Chapters Covered All Chapters of the Certificate Course on Derivatives
Participants should complete the face authentication process at least two days before the exam to ensure they are ready to access the test on the ICAI Digital Learning Hub. It's essential to mark these dates on your calendar and plan your study schedule accordingly to excel in the exam.

Prerequisites for ICAI Online Assessment Test

Before attempting the ICAI Online Assessment Test, candidates must meet the following prerequisites:
  • Active ICAI Membership Number : Candidates must have a valid and active membership number with ICAI, verifying their status as Chartered Accountants.
  • Completion of Eligibility Criteria : Participants must have attended at least 90% of the professional training sessions related to the Certificate Course on Derivatives.
  • Device Requirements :
    • A desktop or laptop with reliable internet connectivity.
    • A camera attached to the desktop or laptop to facilitate the face authentication process.
  • Digital Learning Hub Access : Candidates must have an active login at the ICAI Digital Learning Hub using their SSP Login credentials.
  • Face Registration Activity : Completion of the face registration activity on the ICAI Digital Learning Hub by 1:30 PM, at least two days before the exam date, is mandatory. This process includes a live authentication check requiring candidates to blink their eyes for liveliness confirmation.
  • Recent Photograph Upload : Ensure your recent photograph is uploaded on your SSP dashboard to avoid any complications during the face authentication process.

ICAI Online Assessment Test Pattern

The ICAI Online Assessment Test follows a structured pattern to evaluate candidates' knowledge of derivatives thoroughly. The examination consists of a single paper, designated as Paper P1, which covers all the chapters of the Certificate Course on Derivatives. Here's a table for the ICAI Online Assessment Test Pattern:
ICAI Online Assessment Test Pattern
Component Description
Exam Type Online Assessment Test
Paper Paper P1
Question Format Multiple Choice Questions (MCQs)
Number of Questions 100
Total Marks 100
Duration 3 hours (10:00 AM to 1:00 PM IST)
Chapters Covered All chapters of the Certificate Course on Derivatives
The three-hour duration of the test demands efficient time management and a thorough understanding of the course material. Participants are advised to practice answering MCQs to enhance their speed and accuracy in responding to questions during the actual test.

Also Check: Work-Life Balance for Chartered Accountants

ICAI Online Assessment Test Important Instructions

To ensure a smooth and successful examination experience, adhere to the following important instructions:
  • Login Preparation : Ensure you can log in to the ICAI Digital Learning Hub using your SSP Portal credentials at least two days before the exam. Contact derivatives@icai.in or elearning@icai.in for login issues before the exam day, as no assistance will be provided on the day of the test.
  • Face Authentication : Complete the online face authentication process through the Digital Learning Hub before the exam. This involves a liveliness check requiring you to blink your eyes. Ensure this is done by 1:30 PM, two days before the exam date.
  • Authentication Deadline : Face authentication must be completed within the given timeframe; no extensions will be provided.
  • Registration Details : Register for the exam by the specified deadlines. Batch 5 participants can register without a fee, while old eligible participants need to pay Rs 1000/- + GST.
  • Exam Pattern : The test includes 100 multiple-choice questions covering all chapters of the Certificate Course on Derivatives.
  • Late Applications : Applications received after the last date will not be entertained. Members will need to appear in the next available assessment test.
  • Technical Requirements : Ensure you have a desktop or laptop with good internet connectivity and a camera for the face authentication process.
The ICAI Online Assessment Test for the Certificate Course on Derivatives is a significant opportunity for Chartered Accountants to validate their expertise in derivatives and enhance their credentials in the financial sector. By fulfilling the prerequisites, understanding the exam pattern, and adhering to the important instructions, candidates can confidently approach the test and achieve success. The ICAI Online Assessment Test is not just an examination but a stepping stone towards advanced knowledge and proficiency in financial markets. Enhance your CA exam preparation with PW CA Courses, offering comprehensive training and support to help you succeed in your ICAI examinations.
Also Check:
Career Paths for Chartered Accountants After CA Exams
CA Both Groups Vs Single Group
Tips to Enhance CV for CA Aspirants
5 Effective Note Taking Methods for CA Aspirants

ICAI Online Assessment Test FAQs

What is the ICAI Online Assessment Test?

The ICAI Online Assessment Test is an examination for Chartered Accountants to certify their knowledge in derivatives.

When is the ICAI Online Assessment Test scheduled?

The ICAI Online Assessment Test is scheduled for August 18, 2024, from 10:00 AM to 1:00 PM IST.

How many questions are in the ICAI Online Assessment Test?

The test consists of 100 multiple-choice questions covering all chapters of the Certificate Course on Derivatives.

What are the prerequisites for the ICAI Online Assessment Test?

Candidates must have an active ICAI membership, complete the eligibility criteria, and ensure proper face authentication.

How can I get help if I face issues with the ICAI Online Assessment Test?

For assistance, contact the Committee on Financial Markets and Investors’ Protection, ICAI, at derivatives@icai.in or elearning@icai.in.
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