CMA Foundation is the entry-level examination for students aspiring to become Cost and Management Accountants. The exam consists of four papers:
- Fundamentals of Business Laws and Business Communication (FBLC)
- Fundamentals of Financial and Cost Accounting (FFCA)
- Fundamentals of Business Mathematics and Statistics (FBMS)
- Fundamentals of Business Economics and Management (FBEM)
All four papers are objective in nature and are based on multiple-choice questions (MCQs). The questions test both conceptual understanding and practical application, forming the foundation for the Intermediate and Final levels of the CMA course.
This page provides CMA Foundation MCQ practice questions and quizzes to help students:
- test their understanding,
- strengthen core concepts, and
- practise in an exam-like format.
CMA Foundation MCQ Practice – Paper-wise
1. Fundamentals of Business Laws and Business Communication (FBLC)
Free tests are available for practice. Advanced online tests and downloadable MCQ PDFs will be added gradually.
Click “Start Test” to attempt free chapter-wise MCQs.
| Lesson 1: Introduction | Free Online Practice Test |
|---|---|
| 1.1 - Sources of Law | Start Test |
| 1.2 - Legislative Process in India | Start Test |
| 1.3 - Legal Methods and Court System in India | Start Test |
| 1.4 - Primary and Subordinate Legislation | Start Test |
| 2.1 - Essential Elements of a Contract | Start Test |
| 2.2 - Void and Voidable Agreements | Start Test |
| 2.3 - Consideration, Legality of Consideration | Start Test |
| 2.4 - Capacity to Contract | Start Test |
| 2.5 - Quasi and Contingent Contracts | Start Test |
| 2.6 - Performance of Contract | Start Test |
| 2.7 - Meaning of Indemnity, Guarantee, Pledge, Agent | Start Test |
| 2.8 - E-Contracts and E-Signature | Start Test |
| 2.9 - Discharge of Contracts | Start Test |
| 2.10 - Breach of Contract and Remedies of Breach of Contract | Start Test |
CMA Foundation Business Law – Complete MCQ Revision Pack
- 350+ Exam-Pattern MCQs with Detailed Explanations
- Strictly Aligned with ICMAI Foundation Exam Pattern
- Covers all core areas systematically
- Includes direct, conceptual & trap-based MCQs
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