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CA Intermediate Cost and Management Accounting MCQ tests

Group 2January 2027 attempt30 marks60 minutesNo negative marking

Chapters covered

Practice tests

Answer keys

Every question with the correct answer, the working behind it and the authority it rests on.

About this paper

Practice tests for the Cost and Management Accounting paper. The questions follow the Part I MCQ pattern of the ICAI examination paper: case scenarios with practical computations, cost analysis, and decision-making questions of 2 marks each. Each test has 15 questions in 6 case scenarios, carries 30 marks and runs for 60 minutes, with no negative marking.

Tests here: 15 tests, 225 questions in all, 15 questions in 6 case scenarios in each test, 60 minutes and 30 marks each, no negative marking. After you submit you see your score, a chapter-wise and difficulty-wise breakdown, and an explanation for every question.

Law and standards used: ICAI Study Material for Paper 4 Cost and Management Accounting (relevant for the January 2027 examination attempt), Cost Accounting Standards (CAS) issued by ICMAI, and Guidance Notes.

Questions people ask

What is the pattern of these tests?

The same as Part I of the ICAI examination paper: dense case scenarios presenting realistic manufacturing, operational, and cost figures, followed by questions testing practical cost calculations, variance analysis, and managerial decision criteria. Every question carries 2 marks.

What does this paper cover?

The syllabus of CA Intermediate Group 2 Paper 4: Cost and Management Accounting. This includes Material Cost, Employee Cost and Direct Expenses, Overheads (Absorption Costing Method), Activity Based Costing (ABC), Cost Accounting Systems, Unit and Batch Costing, Job and Contract Costing, Process and Operation Costing (including Joint Products and By-Products), Service Costing, Standard Costing, Marginal Costing, and Budget and Budgetary Control.

How long is each test and how is it marked?

Each test runs for 60 minutes and carries 30 marks across 15 questions arranged in 6 case scenarios. Every question carries 2 marks. There is no negative marking, so an incorrect answer costs you nothing.

Which study material applies to these questions?

The questions follow the latest ICAI Study Material for Paper 4 (relevant for the January 2027 examination attempt) and applicable guidance issued by the Institute of Cost Accountants of India and ICAI.

Will I get a certificate?

When you complete a test in timed exam mode and submit, you can download a performance certificate showing your score, tier, and time taken, formatted as a PNG or PDF.

Practice test by HeyArtha. Not issued by or affiliated with ICAI.