CMA Foundation Mock Test 2020-2021 – The Institute of Cost Accountants of India (ICMAI) conducts CMA Foundation Exam in June and December. ICMAI has releases CMA foundation mock tests online on the official website, icmai.in. It has been provided so that the students preparing for the examination. It helps candidates get familiar with the pattern, questions, sections in the examination. Candidates preparing for CMA Foundation 2021 must practice and take mock test before appearing the examination. To know more about CMA Foundation mock test 2021-2022, scroll down the article.
CMA Foundation Mock Test 2021-2022
CMA Foundation Mock test are available on the official website in the form of Sets of question paper for Foundation. Mock test plays a crucial role not only in preparation but also in increasing speed and accuracy. Through CMA Foundation mock test, candidates shall be able to learn time management and figure out the best strategy for themselves. To know how to take CMA Foundation 2020 mock test, candidates must follow the article.
How to Download CMA Foundation 2021-2022 Mock Test
Candidates preparing for CMA Foundation, can take the mock tests available for CMA Foundation on the official website by following the below given instructions.
- Visit the official website and click on the relevant link available for Mock Test.
- Candidates will find Mock test under learning resources.
- Click on ‘Foundation’ and sets of questions papers along with answer sheets shall be displayed on your screen.
- Candidates will ding two sets of Mock test available.
- Download it one by one and practice it as much as you can.
CMA Foundation 2021-2022 Mock Test – Questions Paper and Solutions
Candidates can visit the official website or they can download the Mock test/question papers and their solutions from the below table.
Question Paper/Mock Test & Solution – SET 1
Question Paper & Solution – SET 2
ICMAI CMA Foundation 2021 Exam Pattern
Following is the exam pattern for CMA Foundation. Candidates are required to study the question paper pattern carefully.
- Mode of examination: The mode of examination will be announced shortly.
- Type of examination: MCQ Mode
- Each paper will carry 100 marks 50 Multiple Choice Questions (Each Question will carry 2 Marks). Each session will be a total of 100 Multiple Choice Questions of 200 marks.
- Papers: CMA Foundation is broadly divided into Four Papers. The distribution of the same is provided below.
Paper 1: Fundamentals of economics and management
| Contents | Weightage |
| Section A: Fundamentals of Economics | |
| Basic concepts of Economics | 20% |
| Forms of Market | 20% |
| Money and Banking | 10% |
| Section B: Fundamentals of Management | |
| Management Process | 50% |
Paper 2: Fundamentals of accounting
| Contents | Weightage |
| Section A: Fundamentals of Financial Accounting | |
| Accounting Fundamentals | 35% |
| Accounting for Special Transactions | 20% |
| Preparation of Final Accounts | 25% |
| Section B: Fundamentals of Cost Accounting | |
| Fundamentals of Cost Accounting | 20% |
Paper 3: Fundamentals of Laws and Ethics
| Contents | Weightage |
| Section A: Fundamentals of Commercial Laws | |
| Indian Contracts Act, 1872 | 40% |
| Sale of Goods Act, 1930 | 20% |
| Negotiable Instruments Act, 1881 | 10% |
| Section B: Fundamentals of Ethics | |
| Ethics and Business | 30% |
Paper 4: Fundamentals of Business Mathematics and Statistics
| Contents | Weightage |
| Section A: Fundamentals of Business Mathematics | |
| Arithmetic | 20% |
| Algebra | 20% |
| Section B: Fundamentals of Business Statistics | |
| Statistical representation of Data | 10% |
| Measures of Central Tendency and Dispersion | 30% |
| Correlation and Regression | 10% |
| Probability | 10% |
About ICMAI
The Institute of Cost Accountants of India (erstwhile The Institute of Cost and Works Accountants of India) was first established in 1944 as a registered company under the Companies Act with the objective of promoting, regulating and developing the profession of Cost Accountancy. The Institute of Cost Accountants of India is the only recognized statutory professional organisation and licensing body in India specialising exclusively in Cost and Management Accountancy.
CMA Foundation Complete Information
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