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CA Foundation Mock Test
A timed 25-question mock for the Chartered Accountancy Foundation Examination covering accounting & finance, simple & compound interest, averages & statistics, logical reasoning, economy & banking awareness. Answer, submit and review every question with its explanation; set negative marking to match your exam’s current scheme.
CA Foundation mock test
25 questions · 1 mark each · the timer starts with your first answer and the test submits itself when time runs out.
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Q1.Accounting & FinanceWhich statement shows a company’s cash inflows and outflows from operating, investing and financing activities?
Answer: D — Cash flow statement
The cash flow statement groups cash flows into three activities.
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Q2.Simple & Compound InterestFind the compound interest on ₹26,000 at 20% per annum for 3 years, compounded annually.
Answer: C — ₹18,928
A = P(1 + R/100)^T = 26,000 × 1.20^3 = 44,928; CI = A − P = ₹18,928.
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Q3.Averages & StatisticsFind the median of: 38, 15, 22, 19, 19, 17, 17
Answer: D — 19
Sorted: 15, 17, 17, 19, 19, 22, 38. The middle (4th) value is 19.
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Q4.Logical ReasoningIf PLAN is coded as RNCP, how is CAT coded?
Answer: A — ECV
Each letter moves 2 places forward in the alphabet (PLAN → RNCP), so CAT → ECV.
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Q5.Economy & Banking AwarenessThe Goods and Services Tax (GST) in India was introduced on:
Answer: B — 1 July 2017
GST was rolled out on 1 July 2017.
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Q6.Accounting & FinanceWhat is the present value of ₹18,000 received in 10 years at a 4% discount rate?
Answer: D — ₹12,160
PV = FV/(1 + r)ⁿ = 18,000 / 1.04^10 = ₹12,160.
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Q7.Simple & Compound InterestFind the compound interest on ₹39,000 at 20% per annum for 2 years, compounded annually.
Answer: D — ₹17,160
A = P(1 + R/100)^T = 39,000 × 1.20^2 = 56,160; CI = A − P = ₹17,160.
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Q8.Averages & StatisticsThe average of 6 numbers is 44. If 81 is added, what is the new average?
Answer: A — 49.29
Old total = 6 × 44 = 264. New total = 264 + 81 = 345; new average = 345/7 = 49.29.
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Q9.Logical ReasoningRavi walks 4 m north, turns right and walks 10 m, then turns right again and walks 2 m. How far is he from the start?
Answer: A — 10.2 m
Net: 2 m north and 10 m east. Distance = √(2² + 10²) = 10.2 m.
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Q10.Economy & Banking AwarenessThe repo rate is the rate at which:
Answer: B — The central bank lends to commercial banks
Repo is the rate at which the central bank lends short-term funds to banks against securities.
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Q11.Accounting & FinanceThe CAPM expected return equals:
Answer: A — Rf + β(Rm − Rf)
Capital Asset Pricing Model: risk-free rate + beta × market risk premium.
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Q12.Simple & Compound InterestFind the compound interest on ₹14,000 at 10% per annum for 2 years, compounded annually.
Answer: A — ₹2,940
A = P(1 + R/100)^T = 14,000 × 1.10^2 = 16,940; CI = A − P = ₹2,940.
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Q13.Averages & StatisticsFind the mean of: 11, 33, 23, 22, 27, 27, 11
Answer: B — 22
Sum = 154, ÷ 7 = 22.
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Q14.Logical ReasoningRavi walks 8 m north, turns right and walks 8 m, then turns right again and walks 7 m. How far is he from the start?
Answer: D — 8.06 m
Net: 1 m north and 8 m east. Distance = √(1² + 8²) = 8.06 m.
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Q15.Economy & Banking AwarenessA bear market is characterised by:
Answer: C — Falling prices
A bear market is a sustained decline in asset prices (often 20% or more).
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Q16.Accounting & Finance₹16,000 is invested at 5% compounded annually. What is it worth after 10 years?
Answer: B — ₹26,062
FV = PV(1 + r)ⁿ = 16,000 × 1.05^10 = ₹26,062.
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Q17.Simple & Compound InterestFind the simple interest on ₹26,000 at 7.5% per annum for 6 years.
Answer: B — ₹11,700
SI = P × R × T / 100 = 26,000 × 7.5 × 6 / 100 = ₹11,700.
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Q18.Averages & StatisticsFind the median of: 31, 29, 23, 32, 6, 29, 33
Answer: A — 29
Sorted: 6, 23, 29, 29, 31, 32, 33. The middle (4th) value is 29.
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Q19.Logical ReasoningIf CODE is coded as EQFG, how is CAT coded?
Answer: A — ECV
Each letter moves 2 places forward in the alphabet (CODE → EQFG), so CAT → ECV.
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Q20.Economy & Banking AwarenessWhat does GDP stand for?
Answer: C — Gross Domestic Product
GDP measures the market value of final goods and services produced within a country.
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Q21.Accounting & FinanceWhich ratio measures short-term liquidity?
Answer: A — Current ratio
Current ratio = current assets ÷ current liabilities.
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Q22.Simple & Compound InterestFind the compound interest on ₹29,000 at 5% per annum for 2 years, compounded annually.
Answer: A — ₹2,972.5
A = P(1 + R/100)^T = 29,000 × 1.05^2 = 31,972.5; CI = A − P = ₹2,972.5.
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Q23.Averages & StatisticsFind the range of: 17, 8, 10, 24, 13, 4, 34
Answer: D — 30
Range = max − min = 34 − 4 = 30.
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Q24.Logical ReasoningWhich number is the odd one out: 17, 19, 35, 61?
Answer: D — 35
61, 19, 17 are prime; 35 is composite (35 = 5 × 7).
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Q25.Economy & Banking AwarenessStagflation is a combination of:
Answer: C — Stagnant growth and high inflation
Stagflation = stagnant economic growth + high inflation + often high unemployment.
How the mock test works
- The timer starts with your first answer; the test submits itself when time runs out.
- Choose the negative marking that matches your exam (many Indian exams deduct ¼ or ⅓ of a mark — check the official notification).
- After submitting you get your score, accuracy, time taken and a topic-wise breakdown, then every explanation.
- “New mock test” builds another paper — calculation questions get new numbers.
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.
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 |