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Anyone who has completed the required training with 75% attendance and holds an active ICAI membership can appear for the test.
Is there a fee to appear for the exam?
Participants from the 8th batch can take the exam for free. Those from earlier batches need to pay ₹1180.
What happens if I miss the face authentication deadline?
If you do not complete face authentication by 1:30 PM two days before the exam, you will not be allowed to appear and will have to wait for the next attempt.
What kind of questions will be asked in the exam?
The exam will include 100 multiple-choice questions per paper, based on course modules and case studies.
Notification for Online Assessment Test for Certified Course on Stock Market and Equity Research
Online Assessment Test for ICAI’s Stock Market and Equity Research course will be held on 19th July 2025, with two papers covering core modules. Completion of this Online Assessment Test is required for certification and eligibility for Equity Research Certification Test.
Muskan Verma23 Jul, 2025
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Online Assessment Test: The Institute of Chartered Accountants of India (ICAI) has just released an important update about the upcoming Online Assessment Test for the Certificate Course on Fundamental and Technical Analysis of Stock, which includes Equity Research. This exam is a crucial step for anyone aiming to finish the course and receive their certification.
This course is designed for individuals keen to grasp the complexities of the stock market. It addresses key subjects such as assessing company performance, understanding stock charts, and making knowledgeable investment choices. The Online Assessment Test acts as the ultimate verification to confirm that you’ve grasped all the information provided during the course.
Here, we will detail all you need to understand, including exam dates, schedules, registration procedures, facial recognition, and more.
Online Assessment Test for ICAI Certificate Course
The Online Assessment Test is designed for students who have completed the Certification Course on Stock Market and Equity Research. It functions as the final step in verifying your comprehension for a certification. This course covers the functioning of stock markets, company data analysis, and making informed investment decisions through studying stock charts and financial statements.
The test is organized remotely through ICAI’s Digital Learning Hub. It is overseen by the Committee on Financial Markets and Investors’ Protection, which guarantees the examination is conducted seamlessly and with integrity. Students have access to a safe test-taking environment from any location.
This exam is also known as the Online AT for Stock Analysis Course, and it assesses the knowledge students have acquired during the course. Successful completion of this assessment enables you to take the Equity Research Certification Test, demonstrating that you have acquired valuable skills in stock analysis.
Online Assessment Test Important Dates and Timings
The Online Assessment Test will be held in two sessions on the same day. Refer to the table below for a better understanding of the exam schedule.
Important Dates and Timing
Exam Details
Date
Time
Paper 1 (Module 1 & 4)
19th July 2025
10:00 AM to 1:00 PM
Paper 2 (Module 2 & 3)
19th July 2025
3:00 PM to 6:00 PM
Both papers will be conducted on the same day through the ICAI Digital Learning Hub. Each session will include case studies and MCQs
Online Assessment Test Exam Pattern
Each paper will consist of 100 multiple-choice questions that test both theoretical understanding and practical knowledge through case studies. The exam is based on different modules of the course.
Here is a detailed breakdown of the syllabus and structure:
Online Assessment Test Exam Pattern
Paper
Modules Covered
Type of Questions
Focus Areas
Paper 1
Module 1 and Module 4
Multiple-choice + Case Studies
Basics of Stock Market, Introduction to Technical Analysis
Paper 2
Module 2 and Module 3
Multiple-choice + Case Studies
Equity Valuation, Fundamental Analysis Techniques
The topics have been carefully chosen from the Stock Market Certificate Course. They include tools and techniques for both Fundamental and Technical Stock Analysis, preparing learners for real-world investment decisions.
Online Assessment Test Eligibility and Registration Details
Below is the detailed fee structure and registration requirement based on participant categories:
Online Assessment Test Eligibility and Registration Details
Participant Type
Fee Required
Additional Instructions
8th Batch Participants
No
Must complete Online Assessment Test registration and face authentication on time.
Note: All participants must ensure timely registration and face verification to be eligible for the exam.
Online Assessment Test Face Authentication Rules
To take part in the Online Assessment Test, face authentication needs to be completed by 1:30 PM two days prior to the exam. Without this, you cannot proceed with the test.
Steps:
Access the ICAI Digital Learning Hub.
Finish face registration.
Ensure your most recent photo is uploaded to your SSP dashboard.
Close and open your eyes during authentication to verify your presence.
Please be aware that if you fail to meet the deadline, you will not receive any additional time
Online Assessment Test Requirements
To take part in the Online Assessment Test, there are a few essential requirements you need to meet. These are crucial to ensure you're eligible and ready to tackle the exam without any hiccups.
First off, you need to have an active ICAI membership number. Without it, you won’t be able to register or sit for the test.
Next, you should have attended at least 75% of the virtual training sessions that were part of the course. This demonstrates that you've been actively engaged in your learning before the test.
It's also important to use a laptop or desktop with a functioning camera and a reliable internet connection. The exam platform requires face authentication and live monitoring, so using a mobile phone isn’t an option.
You’ll need to log in to the ICAI Digital Learning Hub with your SSP credentials, as all exam-related activities will take place through this portal.
Don’t forget to complete the face registration process before the deadline, which is two days before the exam at 1:30 PM. Make sure to upload a recent photo and check that your camera is working properly.
Following these steps helps uphold the quality and integrity of the exam, and they’re necessary for all participants.
Why is this Test Important?
The test is a key part of the Stock Market Certificate Course. It dives into everything from basic company reports to how to read stock charts. You’ll get a solid understanding of both fundamental and Technical Stock Analysis
Completing the Online AT for the Stock Analysis Course is your ticket to the Equity Research Certification Test. It demonstrates that you know how to study and analyze the stock market.
The online assessment test is your chance to finish your learning and earn a certificate in stock analysis. Prepare properly, follow the time limits, and don’t forget your face authentication. The online assessment test is a superb way to develop your knowledge and improve your competencies in the global of stock markets.
