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Test Series: March, 2019 
FOUNDATION COURSE 
MOCK TEST PAPER 
PAPER – 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS 
ANSWERS 
Part A: Business Mathematics and Logical Reasoning 
1 (a) 11 (b) 21 (a) 31 (a) 41 (b) 51 (b) 
2 (c) 12 (c) 22 (b) 32 (c) 42 (a) 52 (d) 
3 (a) 13 (a) 23 (d) 33 (a) 43 (d) 53 (a) 
4 (a) 14 (b) 24 (a) 34 (a) 44 (c) 54 (d) 
5 (a) 15 (d) 25 (a) 35 (a) 45 (a) 55 (c) 
6 (b) 16 (d) 26 (b) 36 (a) 46 (b) 56 (a) 
7 (a) 17 (a) 27 (b) 37 (b) 47 (c) 57 (b) or (d) 
8 (a) 18 (c) 28 (b) 38 (a) 48 (d) 58 (a) 
9 (c) 19 (a) 29 (d) 39 (a) 49 (d) 59 (b) 
10 (d) 20 (c) 30 (c) 40 (a) 50 (a) 60 (c) 
 
Part B: Statistics 
61 (d) 71 (d) 81 (d) 91 (c) 
62 (d) 72 (c) 82 (a) 92 (d) 
63 (a) 73 (c) 83 (c) 93 (d) 
64 (d) 74 (d) 84 (d) 94 (c) 
65 (a) 75 (d) 85 (b) 95 (a) 
66 (c) 76 (c) 86 (a) 96 (d) 
67 (b) 77 (d) 87 (d) 97 (d) 
68 (a) 78 (a) 88 (b) 98 (a) 
69 (c) 79 (a) 89 (a) 99 (d) 
70 (a) 80 (b) 90 (a) 100 (a) 
 
 
 
 
 
© The Institute of Chartered Accountants of India
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FAQs on Sample Paper Series- I, Solution - Mock Tests & Past Year Papers for CA Foundation

1. What is CA Foundation?
Ans. CA Foundation is the entry-level examination for Chartered Accountancy course conducted by the Institute of Chartered Accountants of India (ICAI). It is a national-level exam that tests the basic knowledge and understanding of subjects like Accounting, Mercantile Laws, General Economics, and Quantitative Aptitude.
2. How can I apply for CA Foundation exam?
Ans. To apply for the CA Foundation exam, candidates need to register with the Board of Studies (BoS) of ICAI through the official website. After registration, candidates can fill the application form online, upload the required documents, and pay the examination fee. The application process is usually conducted a few months before the examination date.
3. What are the eligibility criteria for CA Foundation?
Ans. The eligibility criteria for CA Foundation are as follows: - Candidates must have completed their 10th standard from a recognized board or equivalent. - There is no restriction on the maximum age limit. - Candidates who have registered for the CA Foundation course with the Board of Studies can apply for the exam.
4. What is the syllabus for CA Foundation?
Ans. The syllabus for CA Foundation consists of four subjects: 1. Paper 1: Principles and Practice of Accounting 2. Paper 2: Business Laws and Business Correspondence and Reporting 3. Paper 3: Business Mathematics and Logical Reasoning & Statistics 4. Paper 4: Business Economics and Business and Commercial Knowledge
5. How can I prepare for the CA Foundation exam?
Ans. Here are some tips to prepare for the CA Foundation exam: - Understand the syllabus and exam pattern thoroughly. - Create a study schedule and allocate dedicated time for each subject. - Refer to the ICAI study material and practice manual for each subject. - Solve previous years' question papers and mock tests to get familiar with the exam pattern. - Seek guidance from experienced faculties or join a coaching institute for better understanding of concepts.
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