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Test Series: March, 2019 
FOUNDATION COURSE 
MOCK TEST PAPER 
PAPER – 4 PART I: BUSINESS ECONOMICS 
ANSWERS 
 
1 B 11 D 21 A 31 B 41 A 51 A 
2 C 12 C 22 A 32 D 42 D 52 D 
3 D 13 C 23 D 33 C 43 A 53 B 
4 B 14 D 24 C 34 A 44 D 54 A 
5 A 15 A 25 C 35 D 45 A 55 D 
6 B 16 C 26 A 36 C 46 C 56 D 
7 C 17 A 27 C 37 D 47 D 57 A 
8 D 18 C 28 C 38 B 48 C 58 A 
9 C 19 D 29 C 39 B 49 D 59 D 
10 D 20 A 30 A 40 B 50 C 60 A 
 
PART II: BUSINESS AND COMMERCIAL KNOWLEDGE 
    
1 (d) 11 (c) 21 (d) 31 (d) 
2 (d) 12 (a) 22 (a) 32 (a) 
3 (d) 13 (d) 23 (c) 33 (a) 
4 (c) 14 (b) 24 (d) 34 (a) 
5 (a) 15 (b) 25 (d) 35 (c) 
6 (b) 16 (c) 26 (b) 36 (c) 
7 (c) 17 (d) 27 (b) 37 (b) 
8 (c) 18 (a) 28 (d) 38 (d) 
9 (c) 19 (d) 29 (c) 39 (b) 
10 (b) 20 (b) 30 (d) 40 (d) 
 
 
 
 
© 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 the CA CPT exam?
Ans. The CA CPT (Common Proficiency Test) is an entry-level examination conducted by the Institute of Chartered Accountants of India (ICAI) for students who wish to pursue a career in Chartered Accountancy. It is the first level of the Chartered Accountancy course and tests students' knowledge in four subjects - Accounting, Mercantile Laws, General Economics, and Quantitative Aptitude.
2. How can I apply for the CA CPT exam?
Ans. To apply for the CA CPT exam, you need to visit the official website of the ICAI and fill out the online application form. The application process usually opens around two months before the exam date. You will need to provide personal details, educational qualifications, and upload necessary documents. After successful submission, you need to pay the application fee online. Once the application is accepted, you will receive an admit card for the exam.
3. What is the syllabus for the CA CPT exam?
Ans. The CA CPT exam syllabus is divided into four subjects - Accounting, Mercantile Laws, General Economics, and Quantitative Aptitude. The Accounting section covers topics like Partnership Accounts, Company Accounts, and Accounting for Special Transactions. Mercantile Laws includes topics such as the Indian Contract Act, the Sale of Goods Act, and the Indian Partnership Act. General Economics covers Microeconomics and Macroeconomics concepts, while Quantitative Aptitude focuses on Mathematics and Statistics.
4. What is the passing criteria for the CA CPT exam?
Ans. To pass the CA CPT exam, a candidate must secure a minimum of 30% marks in each subject and an aggregate of 50% marks in all subjects combined. However, if a candidate scores 70% or more in any subject, they are exempted from appearing in the same subject in future attempts. The exemption is valid for the next three consecutive attempts.
5. How can I prepare for the CA CPT exam effectively?
Ans. To prepare for the CA CPT exam effectively, you should create a study plan and allocate sufficient time to each subject. Understand the exam pattern and syllabus thoroughly and practice solving previous years' question papers. Refer to recommended study materials and textbooks. Join coaching classes or online tutorials if required. Regularly revise the topics and take mock tests to evaluate your preparation level. Additionally, stay updated with current affairs and latest developments in the field of commerce and economics.
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