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CA Foundation Practice Questions
Original practice questions for the Chartered Accountancy Foundation Examination (Institute of Chartered Accountants of India (ICAI)), mixed across 5 topics with instant answers and explanations. Practise by topic below or take the timed mock test.
CA Foundation mixed practice
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Q1.Accounting & FinanceDiversification mainly reduces:
Show answer & explanation
Answer: D — Unsystematic (specific) risk
Holding many assets reduces company-specific risk, not market risk.
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Q2.Simple & Compound InterestFind the simple interest on ₹37,000 at 4% per annum for 5 years.
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Answer: A — ₹7,400
SI = P × R × T / 100 = 37,000 × 4 × 5 / 100 = ₹7,400.
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Q3.Averages & StatisticsThe average of 8 numbers is 72. If 104 is added, what is the new average?
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Answer: A — 75.56
Old total = 8 × 72 = 576. New total = 576 + 104 = 680; new average = 680/9 = 75.56.
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Q4.Logical ReasoningWhich number is the odd one out: 23, 37, 49, 53?
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Answer: B — 49
23, 37, 53 are prime; 49 is composite (49 = 7 × 7).
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Q5.Economy & Banking AwarenessWhat does GDP stand for?
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Answer: D — Gross Domestic Product
GDP measures the market value of final goods and services produced within a country.
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Q6.Accounting & FinanceWhat is the present value of ₹4,000 received in 2 years at a 10% discount rate?
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Answer: C — ₹3,306
PV = FV/(1 + r)ⁿ = 4,000 / 1.10^2 = ₹3,306.
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Q7.Simple & Compound InterestFind the compound interest on ₹11,000 at 5% per annum for 2 years, compounded annually.
Show answer & explanation
Answer: A — ₹1,127.5
A = P(1 + R/100)^T = 11,000 × 1.05^2 = 12,127.5; CI = A − P = ₹1,127.5.
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Q8.Averages & StatisticsFind the mean of: 10, 26, 22, 28, 40, 27, 12
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Answer: A — 23.57
Sum = 165, ÷ 7 = 23.57.
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Q9.Logical ReasoningWhat is the angle between the hour and minute hands of a clock at 8:45?
Show answer & explanation
Answer: A — 7.5°
Angle = |30H − 5.5M| = |30×8 − 5.5×45| = 7.5°.
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Q10.Economy & Banking AwarenessThe headquarters of the World Bank is in:
Show answer & explanation
Answer: A — Washington, D.C.
The World Bank Group is based in Washington, D.C.
About CA Foundation
Chartered Accountancy Foundation Examination — conducted by Institute of Chartered Accountants of India (ICAI). The entry level of the CA course: accounting, business laws, quantitative aptitude and business economics.
Original practice questions written for this site in the style and difficulty of each exam’s syllabus. They are not past papers and the site is not affiliated with any exam body. Exam patterns, marking schemes and syllabi change — always check the latest official notification.
Practise by topic
- Accounting & Finance questions — Master the accounting equation, the three financial statements and time value of money: FV = PV(1 + r)ⁿ, PV of an annuity = PMT × [1 − (1 + r)⁻ⁿ]/r.
- Simple & Compound Interest questions — Simple interest grows linearly (PRT/100); compound interest multiplies by (1 + r/100) each period.
- Averages & Statistics questions — Average × count = total: most average questions are really about totals.
- Logical Reasoning questions — For coding questions write the letter positions (A = 1 … Z = 26).
- Economy & Banking Awareness questions — Know what each regulator does (RBI, SEBI, IRDAI, PFRDA), the policy tools (repo, CRR, SLR) and the definitions behind GDP, inflation and fiscal deficit.
- CA Foundation mock test — 25 timed questions with negative marking.
CA Foundation practice topics
| Topic | Section | Question source |
|---|---|---|
| Accounting & Finance | Finance | Calculated + question bank |
| Simple & Compound Interest | Quantitative aptitude | Calculated (new numbers every set) |
| Averages & Statistics | Quantitative aptitude | Calculated (new numbers every set) |
| Logical Reasoning | Reasoning | Calculated (new numbers every set) |
| Economy & Banking Awareness | General awareness | Question bank |