Can you please tell me the difficulty level of Chartered Accountants Common Proficiency Test CA CPT exam? I heard that this exam is not easy to clear so is it true? Is there negative marking in CA CPT exam?

Common Proficiency Test (CPT) is conducted online as well as in paper pencil mode. Paper Pencil mode test is of 4 hours duration comprising of two sessions of 2 hours each with a break between two sessions. The test will comprise of objective type questions with negative marking for choosing wrong answers.


Exam pattern of CA CPT

CA CPT is a Pen and paper-based test.

CA CPT is divided into four parts:
Part 1 Fundamentals of Accounting and Mercantile Laws
Part 2 Mercantile Laws
Part 3 General Economics
Part 4 Quantitative Aptitude

It is conducted in two sessions.

It consists of objective type questions of 200 marks.

Each session is of two hours and the total time duration is of four hours.

The medium is English or Hindi.

0.25 marks are deducted for every incorrect response.

Exam Timings
First session: 10:00 am - 12:00 noon,
Second session: 2:00 pm - 4:00 pm


ICAI CA CPT Passing Criteria

Section Sections CA CPT Cutoff Overall CA CPT Cutoff
Fundamentals of Accounting 30% of 60 marks 50%
Mercantile Laws 30% of 40 marks
General Economics 30% of 50 marks
Quantitative Aptitude 30% of 50 marks


CA CPT Syllabus

Fundamentals of Accounting

Introduction to Company Accounts

Bank Reconciliation Statement

Preparation of Final Accounts for Sole Proprietors

Accounting Process

Depreciation accounting

Theoretical Framework

Accounting for Special Transactions

Partnership Accounts


Mercantile Laws

The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract and breach of contract

The Sale of Goods Act, 1930: Formation of the contract of sale Conditions and Warranties Transfer of ownership and delivery of goods Unpaid seller and his rights

The Indian Partnership Act, 1932: General Nature of Partnership Rights and duties of partners Registration and dissolution of a firm



General Economics

Micro Economics

Introduction to Micro Economics

Money and Banking

Indian Economy A Profile

Theory of Production and Cost

Price Determination in Different Markets

Select Aspects of Indian Economy

Economic Reforms in India

Theory of Demand and Supply

Indian Economic Development


Quantitative Aptitude

Simple and Compound Interest including annuity - Applications

Sets, Functions and Relations

Theoretical Distributions

Sampling Theory

Ratio and proportion, Indices, Logarithms

Equations

Basic concepts of Permutations and Combinations

Sequence and Series Arithmetic and geometric progressions

Measures of Central Tendency and Dispersion

Correlation and Regression

Index Numbers

Inequalities

Limits and Continuity Intuitive Approach

Basic concepts of Differential and Integral Calculus

Statistical description of data