The CMA Foundation exam is the first step toward becoming a Cost and Management Accountant. It 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)
Each paper is objective in nature, with multiple-choice questions that test both conceptual understanding and practical application. Students can expect a mix of theoretical and problem-based questions, designed to build a strong base for the Intermediate and Final levels.
Prepare smarter for your CMA Foundation exam with our collection of multiple-choice questions. These quizzes are designed to test your knowledge, strengthen your concepts, and help you practice for real exam scenarios.
1. Fundamentals of Business Laws and Business Communication (FBLC)
| Lesson 1: Introduction | MCQ Test Questions |
| 1.1 – Sources of Law | Free |
| 1.2 – Legislative Process in India | Free |
| 1.3 – Legal Methods and Court System in India | Free |
| 1.4 – Primary and Subordinate Legislation | Free |
| 2.1 – Essential Elements of a Contract | Free |
| 2.2 – Void and Voidable Agreements | Free |
| 2.3 – Consideration, Legality of Consideration | Free |