CMA Foundation (ICMAI Cost & Management Accounting) 2026 — Institute of Cost Accountants of India (ICMAI) CMA Foundation Examination Free Online Mock Test Series

Prepare for Institute of Cost Accountants of India (ICMAI) CMA Foundation Examination (CMA Foundation (ICMAI Cost & Management Accounting)) conducted by Institute of Cost Accountants of India (ICMAI) with free online mock tests, sectional practice sets, and topic-wise drills on Mock Test Mama. Every practice paper is strictly aligned with the latest official exam pattern (Fundamentals of Business Laws, Contracts, Ethics & Corporate Governance (50 Qs), Fundamentals of Financial and Cost Accounting (50 Qs)), marking scheme, and difficulty profile, complete with detailed step-by-step solutions and instant performance analytics.

Conducted by: Institute of Cost Accountants of India (ICMAI) | Pay Scale: As per official 7th CPC / State Pay Matrix & applicable allowances

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Paper 1 (Laws, Ethics & Financial Accounting) (100 Questions, 200 Marks, 120 Mins)

  • Fundamentals of Business Laws, Contracts, Ethics & Corporate Governance (50 Questions) — Current Affairs: National and International Current Events, Government Schemes, Summits, Awards and Sports, Union Budget, Economic Survey and Reports | Indian Polity: Constitutional Framework, Fundamental Rights and Duties, Parliament, Union & State Executive and Judiciary, Constitutional and Non-Constitutional Bodies, Panchayati Raj | History: Ancient and Medieval Indian History, Art & Culture, Modern Indian History and Indian National Movement | Geography of India: Physical, Riverine, Climatic and Economic Geography of India, Environment, Biodiversity, Ecology and Climate Change | Indian Economy: National Income, Inflation, Fiscal & Monetary Policy, Banking System, RBI Functions, Financial Inclusion and NITI Aayog | General Science: Everyday Physics, Chemistry and Life Sciences (Biology), Space, Defence, Biotechnology and IT Advancements
  • Fundamentals of Financial and Cost Accounting (50 Questions) — Banking & Financial Awareness: Reserve Bank of India (RBI) Monetary Policy & Circulars, NPAs, Basel Norms, Negotiable Instruments & Payment Systems, Financial Institutions (NABARD, SIDBI, EXIM,NHB, SEBI, IRDAI) | Current Affairs: National & International Banking and Economic News, Union Budget, Economic Survey and Government Schemes, MoUs, Appointments, Committees, Books and Awards | Insurance & Capital Markets: Money Market and Capital Market Instruments, Insurance Principles, Regulatory Framework & Financial Inclusion

Paper 2 (Business Mathematics, Statistics & Economics) (100 Questions, 200 Marks, 120 Mins)

  • Fundamentals of Business Mathematics and Statistics (50 Questions) — Arithmetic: Percentages, Profit & Loss, Discount, Ratio & Proportion, Partnership, Mixture & Alligation, Simple & Compound Interest, Time & Work, Pipes & Cisterns, Time, Speed & Distance, Averages, Ages and Number System | Algebra: Simplification and Approximation, Linear and Quadratic Equations, Number Series and Algebraic Identities | Geometry & Modern Math: Mensuration (2D & 3D Figures), Triangles, Circles and Coordinate Geometry, Trigonometry, Permutation, Combination & Probability | Data Interpretation: Tabular, Bar Graph, Line Chart and Pie Chart DI, Caselet Data Interpretation and Data Sufficiency
  • Fundamentals of Business Economics and Management (50 Questions) — Banking & Financial Awareness: Reserve Bank of India (RBI) Monetary Policy & Circulars, NPAs, Basel Norms, Negotiable Instruments & Payment Systems, Financial Institutions (NABARD, SIDBI, EXIM,NHB, SEBI, IRDAI) | Current Affairs: National & International Banking and Economic News, Union Budget, Economic Survey and Government Schemes, MoUs, Appointments, Committees, Books and Awards | Insurance & Capital Markets: Money Market and Capital Market Instruments, Insurance Principles, Regulatory Framework & Financial Inclusion

Frequently Asked Questions

What is the official examination pattern for CMA Foundation (ICMAI Cost & Management Accounting) 2026?

The CMA Foundation (ICMAI Cost & Management Accounting) (Institute of Cost Accountants of India (ICMAI) CMA Foundation Examination) examination conducted by Institute of Cost Accountants of India (ICMAI) comprises 2 stage(s): Paper 1 (Laws, Ethics & Financial Accounting) (100 Questions, 200 Marks, 120 minutes); Paper 2 (Business Mathematics, Statistics & Economics) (100 Questions, 200 Marks, 120 minutes).

What are the sections and syllabus topics in CMA Foundation (ICMAI Cost & Management Accounting)?

In Paper 1 (Laws, Ethics & Financial Accounting), the paper is divided into 2 section(s): Fundamentals of Business Laws, Contracts, Ethics & Corporate Governance (50 Qs), Fundamentals of Financial and Cost Accounting (50 Qs). Each section tests core conceptual clarity, speed, and analytical application.

Is there negative marking in the CMA Foundation (ICMAI Cost & Management Accounting) exam?

No, there is no negative marking for incorrect responses in CMA Foundation (ICMAI Cost & Management Accounting). Each correct answer carries +2 mark(s).

In which languages is the CMA Foundation (ICMAI Cost & Management Accounting) mock test series available?

CMA Foundation (ICMAI Cost & Management Accounting) is officially supported in English, Hindi, Telugu, Tamil, Kannada, Malayalam, Marathi, Bengali, Gujarati, Punjabi, Odia, Assamese, Urdu. On Mock Test Mama, you can practice full-length mock tests, sectional tests, and chapter-wise topic drills in your preferred exam language.

How can I attempt a free CMA Foundation (ICMAI Cost & Management Accounting) online mock test with solutions?

You can start a free full-length CMA Foundation (ICMAI Cost & Management Accounting) mock test immediately on Mock Test Mama (mocktestmama.in) by clicking "Start Free Test" on any Full Mock Set, Sectional Test, or Topic Drill card above—complete with a real CBT timer, instant score report, and step-by-step explanations.