CA Intermediate Financial Management MCQ tests
Paper formats
- Combined 30 marks, 60 minutes, Full paper
- FM 15 marks, 30 minutes, Section A
- SM 15 marks, 30 minutes, Section B
Chapters covered
- Ratio Analysis - Liquidity Ratios (1 Q)
- Ratio Analysis - Activity Ratios (1 Q)
- Ratio Analysis - Return on Equity and Du Pont Analysis (1 Q)
- Cost of Capital - Cost of Debt and Preference Capital (1 Q)
- Cost of Capital - Cost of Equity (1 Q)
- Cost of Capital - Weighted Average Cost of Capital (1 Q)
- Financing Decisions - Capital Structure (8 Q)
- Investment Decisions - Capital Budgeting Techniques (3 Q)
- Financing Decisions - Leverages (11 Q)
- Management of Working Capital - Operating Cycle (2 Q)
- Investment Decisions - Payback Period (1 Q)
- Investment Decisions - Net Present Value (1 Q)
- Investment Decisions - Profitability Index (1 Q)
- Dividend Decisions - Walter's Model (6 Q)
- Dividend Decisions - Gordon's Model (1 Q)
- Dividend Decisions - MM Dividend Irrelevance Theory (1 Q)
- Management of Working Capital (20 Q)
- Scope and Objectives of Financial Management (2 Q)
- Types of Financing (2 Q)
- Ratio Analysis (8 Q)
- Cost of Capital (16 Q)
- Investment Decisions - Capital Budgeting (16 Q)
- Management of Working Capital - Cash Budgeting (3 Q)
- Management of Working Capital - Inventory Management (2 Q)
- Types of Financing - Lease Financing (3 Q)
- Types of Financing - Deep Discount Bonds (1 Q)
- Types of Financing - International Financing (1 Q)
- Dividend Decisions (3 Q)
- Financing Decisions - Capital Structure and Leverage (2 Q)
Practice tests
- Test 1
15 marks, 30 minutes, 8 questions - Test 2
15 marks, 30 minutes, 8 questions - Test 3
15 marks, 30 minutes, 8 questions - Test 4
15 marks, 30 minutes, 8 questions - Test 5
15 marks, 30 minutes, 8 questions - Test 6
15 marks, 30 minutes, 8 questions - Test 7
15 marks, 30 minutes, 8 questions - Test 8
15 marks, 30 minutes, 8 questions - Test 9
15 marks, 30 minutes, 8 questions - Test 10
15 marks, 30 minutes, 8 questions - Test 11
15 marks, 30 minutes, 8 questions - Test 12
15 marks, 30 minutes, 8 questions - Test 13
15 marks, 30 minutes, 8 questions - Test 14
15 marks, 30 minutes, 8 questions - Test 15
15 marks, 30 minutes, 8 questions
Answer keys
Every question with the correct answer, the working behind it and the authority it rests on.
- Test 1 — answers
8 questions, answers, explanations and the authorities they rest on - Test 2 — answers
8 questions, answers, explanations and the authorities they rest on - Test 3 — answers
8 questions, answers, explanations and the authorities they rest on - Test 4 — answers
8 questions, answers, explanations and the authorities they rest on - Test 5 — answers
8 questions, answers, explanations and the authorities they rest on - Test 6 — answers
8 questions, answers, explanations and the authorities they rest on - Test 7 — answers
8 questions, answers, explanations and the authorities they rest on - Test 8 — answers
8 questions, answers, explanations and the authorities they rest on - Test 9 — answers
8 questions, answers, explanations and the authorities they rest on - Test 10 — answers
8 questions, answers, explanations and the authorities they rest on - Test 11 — answers
8 questions, answers, explanations and the authorities they rest on - Test 12 — answers
8 questions, answers, explanations and the authorities they rest on - Test 13 — answers
8 questions, answers, explanations and the authorities they rest on - Test 14 — answers
8 questions, answers, explanations and the authorities they rest on - Test 15 — answers
8 questions, answers, explanations and the authorities they rest on
About this paper
This page covers Section A: Financial Management of CA Intermediate Group 2 Paper 6 on its own. The questions apply financial principles to practical scenarios: Scope and Objectives of Financial Management, Types of Financing, Ratio Analysis, Cost of Capital, Capital Structure Decisions, Leverages, Capital Budgeting, Dividend Decisions, and Working Capital Management. Each test carries 15 marks in 30 minutes with no negative marking.
Tests here: 15 tests, 120 questions in all, 8 questions in 3 case scenarios in each test, 30 minutes and 15 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 CA Intermediate Paper 6: Financial Management and Strategic Management (relevant for January 2027 attempt).
Questions people ask
What does this section cover?
Section A: Financial Management of CA Intermediate Paper 6. The 8 questions sit in 3 case scenarios testing financial decision-making, ratio computations, WACC and component costs, EBIT-EPS indifference points, operating and financial leverages, NPV and IRR appraisal, and working capital cycles.
How long is each test and how is it marked?
Each test runs for 30 minutes and carries 15 marks across 8 questions in 3 case scenarios. Seven questions are worth 2 marks each and one question is worth 1 mark. 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 CA Intermediate Paper 6 Section A: Financial Management relevant for the January 2027 examination attempt.
Will I get a certificate?
Sit the test in exam mode. When you submit, the result page shows your score, the tier you land in, the time you took and a breakdown by chapter and by difficulty, and the certificate carries your name, the test title, the paper, the attempt and your score, ready to download as a PNG or a PDF.
Practice test by HeyArtha. Not issued by or affiliated with ICAI.