Is it possible to study the ICWA only on the weekends?

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Yes, it is possible. However, you need to dedicate some time on week-days and chalk out the study plan for studying (reading modules / going through web based lectures). Weekends can be used for focused studying and solving as many practice questions as possible.
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Related Questions

What is the fee for ICWA coaching?
It depends on number of subjects studied, class location, level of subject knowledge that students have, etc.
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