🎯 HOW EACH TEST WORKS
1️⃣ ATTEMPT THE TEST
Take the test through our website and attempt the questions in a structured test environment.
2️⃣ GET YOUR SCORE
Once you complete the test, you can see your performance.
3️⃣ CHECK THE DETAILED EXPLANATIONS
Every MCQ comes with a detailed explanation so that you understand:
✔️ Why the correct option is correct
✔️ Why the other options are wrong
✔️ The concept tested
4️⃣ ANALYSE YOUR PERFORMANCE
Review your performance and identify the areas where you need more practice.
5️⃣ LEARN FROM YOUR MISTAKES
Don't just look at your score.
A wrong answer is an opportunity to understand the concept better and avoid repeating the same mistake.
📌 WHAT YOU'LL GET
✅ Concept & Application based MCQs
✅ Real ICAI CA exam like MCQ questions
✅ Relevant ICAI updates covered
✅ Detailed explanations
✅ Subject-wise practice
✅ Exam-oriented questions
✅ Performance analysis
1️⃣ ATTEMPT THE TEST
Take the test through our website and attempt the questions in a structured test environment.
2️⃣ GET YOUR SCORE
Once you complete the test, you can see your performance.
3️⃣ CHECK THE DETAILED EXPLANATIONS
Every MCQ comes with a detailed explanation so that you understand:
✔️ Why the correct option is correct
✔️ Why the other options are wrong
✔️ The concept tested
4️⃣ ANALYSE YOUR PERFORMANCE
Review your performance and identify the areas where you need more practice.
5️⃣ LEARN FROM YOUR MISTAKES
Don't just look at your score.
A wrong answer is an opportunity to understand the concept better and avoid repeating the same mistake.
📌 WHAT YOU'LL GET
✅ Concept & Application based MCQs
✅ Real ICAI CA exam like MCQ questions
✅ Relevant ICAI updates covered
✅ Detailed explanations
✅ Subject-wise practice
✅ Exam-oriented questions
✅ Performance analysis
📚 CA FINAL STUDENTS — TRY THIS FREE TEST!
How fast and accurately can you solve MCQs as per ICAI new paper pattern?
Take a FREE MCQ test and check:
⏱️ Your time per question
🎯 Your accuracy
📊 Your overall performance
❌ Detailed explanations for wrong answers
👉 www.camcqs.com
How fast and accurately can you solve MCQs as per ICAI new paper pattern?
Take a FREE MCQ test and check:
⏱️ Your time per question
🎯 Your accuracy
📊 Your overall performance
❌ Detailed explanations for wrong answers
👉 www.camcqs.com
CAMCQS.COM📚 pinned «👋 WELCOME TO CAMCQS•COM 📚 Your practice hub for CA Final MCQ Tests. 🎯 New • Concept-Based • Application-Focused 🆓Free MCQ test details https://t.me/CAMcqsPractice/5 💎MCQ Test series details https://t.me/CAMcqsPractice/5 ❓How the MCQ Test series works…»
📚 CA Final Students — Free MCQ Test
I recently tried the free MCQ test on CAMCQS•COM and found it quite useful, especially with the new ICAI exam pattern.
✅ New questions
✅ Based on the latest pattern
✅ Helps with speed & time management
✅ Performance analysis + explanations
They have free tests, so you can try it yourself before deciding whether you want the full test series.
🔎 Just search CAMCQS•COM on Google and check it out.
I recently tried the free MCQ test on CAMCQS•COM and found it quite useful, especially with the new ICAI exam pattern.
✅ New questions
✅ Based on the latest pattern
✅ Helps with speed & time management
✅ Performance analysis + explanations
They have free tests, so you can try it yourself before deciding whether you want the full test series.
🔎 Just search CAMCQS•COM on Google and check it out.
Independent MCQ 1:
Mr. A, a member in practice, has accepted and signed 60 tax audit reports during the financial year. Subsequently, he is required to sign 3 revised tax audit reports relating to reports already signed by him. Which statement is correct?
A. He cannot sign the revised reports, since signing them would result in more than 60 tax audit reports during the year.
B. He can sign the revised reports, since the limit of 60 applies to tax audit reports but not to revised tax audit reports.
C. He cannot sign the revised reports, since signing them would result in more than 60 tax audit reports during the year.
D. He can sign the revised reports only if the original tax audit reports were included within the limit of 60 reports.
Mr. A, a member in practice, has accepted and signed 60 tax audit reports during the financial year. Subsequently, he is required to sign 3 revised tax audit reports relating to reports already signed by him. Which statement is correct?
A. He cannot sign the revised reports, since signing them would result in more than 60 tax audit reports during the year.
B. He can sign the revised reports, since the limit of 60 applies to tax audit reports but not to revised tax audit reports.
C. He cannot sign the revised reports, since signing them would result in more than 60 tax audit reports during the year.
D. He can sign the revised reports only if the original tax audit reports were included within the limit of 60 reports.
Independent MCQ 2:
An NBFC-UL has Tier 1 Capital of ₹300 crore as on 31 March of the previous year. During the current year, it issues PDI of ₹60 crore. Assuming all other eligibility conditions are satisfied, how much of the PDI can be included in Tier 1 Capital?
A. ₹45 crore, being 15% of the current year's Tier 1 Capital.
B. ₹45 crore, being 15% of the previous year's Tier 1 Capital.
C. ₹60 crore, since the PDI issued is within the overall Tier 1 Capital requirement.
D. ₹15 crore, being the portion of PDI exceeding the permissible Tier 1 limit.
An NBFC-UL has Tier 1 Capital of ₹300 crore as on 31 March of the previous year. During the current year, it issues PDI of ₹60 crore. Assuming all other eligibility conditions are satisfied, how much of the PDI can be included in Tier 1 Capital?
A. ₹45 crore, being 15% of the current year's Tier 1 Capital.
B. ₹45 crore, being 15% of the previous year's Tier 1 Capital.
C. ₹60 crore, since the PDI issued is within the overall Tier 1 Capital requirement.
D. ₹15 crore, being the portion of PDI exceeding the permissible Tier 1 limit.
Independent MCQ 3
A Chartered Accountant accepts an appointment as statutory auditor of a company without verifying whether the provisions relating to appointment of auditors under the Companies Act, 2013 have been complied with. Subsequently, it is found that the company had not complied with the relevant provisions. Which of the following is the most appropriate conclusion?
A. The member is not guilty, since the company is responsible for complying with the Companies Act, 2013.
B. The member is guilty of professional misconduct under Clause 9 of Part I of the First Schedule to the Chartered Accountants Act, 1949.
C. The member is guilty only if the company had deliberately concealed the non-compliance.
D. The member is not guilty provided the appointment was subsequently approved by the shareholders.
A Chartered Accountant accepts an appointment as statutory auditor of a company without verifying whether the provisions relating to appointment of auditors under the Companies Act, 2013 have been complied with. Subsequently, it is found that the company had not complied with the relevant provisions. Which of the following is the most appropriate conclusion?
A. The member is not guilty, since the company is responsible for complying with the Companies Act, 2013.
B. The member is guilty of professional misconduct under Clause 9 of Part I of the First Schedule to the Chartered Accountants Act, 1949.
C. The member is guilty only if the company had deliberately concealed the non-compliance.
D. The member is not guilty provided the appointment was subsequently approved by the shareholders.
Independent MCQ 4
An NBFC-MFI has deployed 61% of its total assets, after netting intangible assets, towards microfinance loans for three consecutive quarters. In the fourth quarter, the proportion falls to 59%. Which of the following is the most appropriate?
A. It continues to qualify as an NBFC-MFI because the 60% requirement is tested based on the average of four consecutive quarters.
B. It continues to qualify as an NBFC-MFI because the requirement is required to be maintained on an ongoing basis, but a single quarter below 60% does not automatically change its classification.
C. It ceases to qualify as an NBFC-MFI immediately because the proportion has fallen below 60% in the fourth quarter.
D. It ceases to qualify as an NBFC-MFI only when the proportion remains below 60% for four consecutive quarters.
An NBFC-MFI has deployed 61% of its total assets, after netting intangible assets, towards microfinance loans for three consecutive quarters. In the fourth quarter, the proportion falls to 59%. Which of the following is the most appropriate?
A. It continues to qualify as an NBFC-MFI because the 60% requirement is tested based on the average of four consecutive quarters.
B. It continues to qualify as an NBFC-MFI because the requirement is required to be maintained on an ongoing basis, but a single quarter below 60% does not automatically change its classification.
C. It ceases to qualify as an NBFC-MFI immediately because the proportion has fallen below 60% in the fourth quarter.
D. It ceases to qualify as an NBFC-MFI only when the proportion remains below 60% for four consecutive quarters.
FR MCQ 1
An entity has applied the Pillar Two exception under Ind AS 12. Which statement regarding current tax is correct?
A. The entity is not required to disclose current tax expense related to Pillar Two because the deferred tax exception also applies to current tax.
B. The entity shall disclose separately its current tax expense (income) related to Pillar Two income taxes.
C. The entity shall disclose current tax related to Pillar Two only if the Pillar Two legislation is already effective.
D. The entity shall disclose only the deferred tax impact of Pillar Two income taxes separately.
An entity has applied the Pillar Two exception under Ind AS 12. Which statement regarding current tax is correct?
A. The entity is not required to disclose current tax expense related to Pillar Two because the deferred tax exception also applies to current tax.
B. The entity shall disclose separately its current tax expense (income) related to Pillar Two income taxes.
C. The entity shall disclose current tax related to Pillar Two only if the Pillar Two legislation is already effective.
D. The entity shall disclose only the deferred tax impact of Pillar Two income taxes separately.
FR MCQ 2
For the disclosure of an entity's exposure to Pillar Two income taxes (Ind AS 12), which statement is most appropriate?
A. The entity must always disclose the exact amount of Pillar Two income taxes expected to be payable.
B. The entity shall disclose qualitative information only where quantitative information cannot be determined with certainty.
C. The entity shall disclose qualitative and quantitative information about its exposure to Pillar Two income taxes at the end of the reporting period.
D. The entity shall disclose quantitative information only after Pillar Two legislation becomes effective.
For the disclosure of an entity's exposure to Pillar Two income taxes (Ind AS 12), which statement is most appropriate?
A. The entity must always disclose the exact amount of Pillar Two income taxes expected to be payable.
B. The entity shall disclose qualitative information only where quantitative information cannot be determined with certainty.
C. The entity shall disclose qualitative and quantitative information about its exposure to Pillar Two income taxes at the end of the reporting period.
D. The entity shall disclose quantitative information only after Pillar Two legislation becomes effective.