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⏰ LAST CHANCE -- 100+ students already bought it🙋
CA FINAL MCQ TEST SERIES
Prepare with the NEW ICAI PAPER PATTERN
✅ 23 MCQs • 30 Marks
✅ New & Unseen Questions
✅ Real ICAI Exam-Like Scenario
✅MCQs from the most expected areas for Nov 2026
💰 TODAY’S SPECIAL PRICES
📕1 SUBJECT - ₹79
📒1 GROUP - ₹199
📚BOTH GROUPS - ₹399
📈 5 TESTS IN EACH SUBJECT
🚨 These prices are available ONLY till TODAY -- 20th OCTOBER.
From tomorrow, the regular prices apply (₹99/₹249/₹499)
Every MCQ counts. Every mark counts.
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Don't ignore MCQs in CA Final Nov 2026! 🎯
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But the bigger message is- Give MCQs equal attention.
MCQs carry 30 marks out of 100 in the first 5 subjects and 40 marks out of 100 in the last subject. That is too many marks to leave to chance.
✅ Practising full mocks is the best way to prepare.
✅ But if you are short on time, at least practise MCQs with our test series.
Why our MCQ test series fits a tight schedule
⏱️ Each test has a 30-minute time limit.
📝 5 tests per subject can be finished in just 2.5 hours.
🔁 Review your past mistakes and fix them before the exam.
🆕 Only unseen, new questions.
🎁 MCQ 1 is FREE, so try it before you buy.
👉 www.camcqs.com
Every MCQ counts. Every mark counts.
📢 The offer has ended, and prices are back to normal:
📕 1 Subject: ₹99
📒 1 Group: ₹249
📚 Both Groups: ₹499
But the bigger message is- Give MCQs equal attention.
MCQs carry 30 marks out of 100 in the first 5 subjects and 40 marks out of 100 in the last subject. That is too many marks to leave to chance.
✅ Practising full mocks is the best way to prepare.
✅ But if you are short on time, at least practise MCQs with our test series.
Why our MCQ test series fits a tight schedule
⏱️ Each test has a 30-minute time limit.
📝 5 tests per subject can be finished in just 2.5 hours.
🔁 Review your past mistakes and fix them before the exam.
🆕 Only unseen, new questions.
🎁 MCQ 1 is FREE, so try it before you buy.
👉 www.camcqs.com
Every MCQ counts. Every mark counts.
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IBS analysis was tough, we tried our level best, let us know your thoughts. Thank You. :
https://youtube.com/shorts/LVtjDxt0ero?feature=share
https://youtube.com/shorts/LVtjDxt0ero?feature=share
🪤 CA Final Trap · AFM · Real return
Ms. Meera of Jaipur buys 100 grams of Sovereign Gold Bonds at ₹6,000 per gram. The bonds pay 2.5% a year on the issue price. She is in the 20% tax bracket, and inflation is 3.5% a year.
Ms. Meera of Jaipur buys 100 grams of Sovereign Gold Bonds at ₹6,000 per gram. The bonds pay 2.5% a year on the issue price. She is in the 20% tax bracket, and inflation is 3.5% a year.
What is her post-tax annual interest, and her approximate real post-tax return on the amount invested?
Anonymous Quiz
5%
A) ₹15,000 and 2.5%
30%
B) ₹12,000 and 2.0%
50%
C) ₹12,000 and −1.5%
15%
D) ₹15,000 and −1.0%
CAMCQS.COM📚
What is her post-tax annual interest, and her approximate real post-tax return on the amount invested?
Answer: C
Why it's a trap:Interest = 2.5% × ₹6,00,000 = ₹15,000. After 20% tax, she keeps ₹12,000, which is a 2.0% post-tax return. But the question asks for the REAL return, so subtract inflation: 2.0% − 3.5% ≈ −1.5%. Her interest is not keeping up with prices. B stops at the nominal return, D forgets tax, and A forgets both.
Why it's a trap:
CAMCQS.COM📚
Answer: C Why it's a trap: Interest = 2.5% × ₹6,00,000 = ₹15,000. After 20% tax, she keeps ₹12,000, which is a 2.0% post-tax return. But the question asks for the REAL return, so subtract inflation: 2.0% − 3.5% ≈ −1.5%. Her interest is not keeping up with…
📌 ICAI set this exact trap in the May 2026 CA Final exam, Paper 2 (AFM), MCQ 1.
🪤 CA Final Trap · FR · Diluted EPS
Godavari Polymers Ltd., Rajahmundry, has 20,00,000 equity shares and a profit after tax of ₹50,00,000. It also has 5,000 8% convertible bonds of ₹1,000 each, each convertible into 40 shares. The tax rate is 25%, and the average market price of a share during the year was ₹20.
Godavari Polymers Ltd., Rajahmundry, has 20,00,000 equity shares and a profit after tax of ₹50,00,000. It also has 5,000 8% convertible bonds of ₹1,000 each, each convertible into 40 shares. The tax rate is 25%, and the average market price of a share during the year was ₹20.
Answer: B
Why it's a trap:Add back the bond interest AFTER tax: 8% × ₹50 lakh = ₹4,00,000, less 25% tax = ₹3,00,000. Diluted EPS = ₹53,00,000 ÷ 22,00,000 shares = ₹2.41. The ₹20 market price is bait: average market price matters for options and warrants, not convertibles. D ignores the bonds because the conversion price (₹25) is above the market price, A forgets the interest add-back, and C adds it back before tax.
Why it's a trap:
CAMCQS.COM📚
Answer: B Why it's a trap: Add back the bond interest AFTER tax: 8% × ₹50 lakh = ₹4,00,000, less 25% tax = ₹3,00,000. Diluted EPS = ₹53,00,000 ÷ 22,00,000 shares = ₹2.41. The ₹20 market price is bait: average market price matters for options and warrants…
📌 ICAI had set this exact trap in the Nov 2024 CA Final exam, Paper 2 (AFM), MCQ 4.
🪤 CA Final Trap · AFM · Options
Ms. Kavya of Indore bought a 3-month option with a strike price of ₹500, paying a premium of ₹30. At expiry, the share was trading at ₹620, and her option lapsed.
Ms. Kavya of Indore bought a 3-month option with a strike price of ₹500, paying a premium of ₹30. At expiry, the share was trading at ₹620, and her option lapsed.
What kind of option was it, and what is her profit or loss per share?
Anonymous Quiz
20%
Call, profit of ₹90
15%
Call, loss of ₹30
40%
Put, loss of ₹30
25%
Put, profit of ₹90
CAMCQS.COM📚
What kind of option was it, and what is her profit or loss per share?
Answer: C
Why it's a trap:
A call with the share at ₹620 against a ₹500 strike would be exercised, not left to lapse. The only option worthless at ₹620 is a PUT (the right to sell at ₹500 when the market pays ₹620). It lapses, and the buyer loses only the premium: ₹30. A assumes "price went up, so it's a call in profit".
📌 ICAI set this exact trap in the Nov 2024 CA Final exam, Paper 2 (AFM), MCQ 4.
Why it's a trap:
📌 ICAI set this exact trap in the Nov 2024 CA Final exam, Paper 2 (AFM), MCQ 4.
🪤 CA Final Trap · Audit · Who can sign?
A CA firm in Bhopal lets its audit assistant sign these on the firm's behalf:
(i) audit queries raised during the audit
(ii) a letter forwarding the draft financial statements to the client
(iii) a turnover certificate for the client's bank
(iv) the memorandum of physical cash verification
A CA firm in Bhopal lets its audit assistant sign these on the firm's behalf:
(i) audit queries raised during the audit
(ii) a letter forwarding the draft financial statements to the client
(iii) a turnover certificate for the client's bank
(iv) the memorandum of physical cash verification
Which of these can be delegated without breaching Clause (12)?
Anonymous Quiz
63%
(i), (ii) and (iv)
19%
(i) and (iv) only
6%
All four
13%
(ii) and (iii) only
Answer: A
Why it's a trap:
The Council lets a firm delegate routine documents that carry no professional opinion or authentication. That covers audit queries, letters forwarding drafts and cash verification memos. A turnover certificate IS authentication, so only a member can sign it. B is the trap: (ii) sounds like signing financial statements, but it's only a covering letter.
📌 ICAI set this exact trap in the Jan 2026 CA Final exam, Paper 3 (Audit), MCQ 9.
Why it's a trap:
📌 ICAI set this exact trap in the Jan 2026 CA Final exam, Paper 3 (Audit), MCQ 9.
🪤 CA Final Trap · DT · Gift to daughter-in-law
On 1 June 2024, a year after his son's wedding, Mr. Raghavan of Madurai gifts ₹15 lakh by cheque to his son's wife, Divya. She puts it in a fixed deposit that earns ₹1,05,000 interest in FY 2025-26.
On 1 June 2024, a year after his son's wedding, Mr. Raghavan of Madurai gifts ₹15 lakh by cheque to his son's wife, Divya. She puts it in a fixed deposit that earns ₹1,05,000 interest in FY 2025-26.
Answer: D
Why it's a trap:Two rules, one after the other. A father-in-law is a "relative" (lineal ascendant of the spouse), so the gift is exempt under section 56(2)(x). But section 64(1)(vi) clubs income from an asset transferred to a son's wife without adequate consideration into the transferor's income. B is the trap: the FD is in Divya's name, but the interest is taxed in Mr. Raghavan's hands.
📌 ICAI set this exact trap in the Jan 2026 CA Final exam, Paper 4 (DT), MCQ 5.
Why it's a trap:
📌 ICAI set this exact trap in the Jan 2026 CA Final exam, Paper 4 (DT), MCQ 5.
🪤 CA Final Trap · IDT · Place of supply
Kanchan Tea Exports, registered under GST in Siliguri (West Bengal), hires a training firm registered in Bengaluru to train its Guwahati sales team. The training is held at a resort in Goa.
Kanchan Tea Exports, registered under GST in Siliguri (West Bengal), hires a training firm registered in Bengaluru to train its Guwahati sales team. The training is held at a resort in Goa.