ICAI conducts a National level Chartered Accountant Common Proficiency Test (commonly known as CA CPT Exam) twice a year, in the months of June and December. Online Registration is the norm. 

Scheme of the Examination:  

The Entrance consists of one MCQ paper held in two sessions of two hours each on the same day. The first session has Fundamentals of Accounting (60), Mercantile Laws (40) and the second session has General Economics (50) and Quantitative Aptitude (50) totalling 200 questions. The marking scheme is (+1,  -1/4) i.e. you get one mark for a correct answer and lose 0.25 marks for a wrong answer. A minimum of 30% in each of the subjects and 50% of the aggregate in this exam is required for appearing for the second level of the course i.e. PCC (Professional Competency Course).  


A.  Fundamentals of Accounting include Theoretical Framework, Accounting Process, Bank Reconciliation Statement, Inventories, Depreciation accounting, Preparation of Final Accounts for Sole Proprietors, Accounting for Special Transactions, Partnership Accounts and Introduction to Company Accounts.

B.  Mercantile Laws include The Indian Contract Act , 1872; The Sale of Goods Act, 1930 and The India Partnership Act, 1932

C.  General Economics includes Micro Economics like Theory of Demand and Supply, Theory of Production and Cost, Price Determination in Different Markets and Indian Economic Development like Select Aspects of Indian Economy, Economic Reforms in India, Money and Banking.

D.  Quantitative Aptitude to test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools. Topcs include Ratio and proportion, Indices, Logarithms;  Linear, Quadratic and cubic equations; Inequalities; Simple and Compound Interest; Basic concepts of Permutations and Combinations; Sequence and Series, Sets, Functions and Relations, Limits and Continuity, Basic concepts of Differential and Integral Calculus; Statistical description of data; Measures of Central Tendency and Dispersion; Correlation and Regression; Probability; Theoretical Distributions; Sampling Theory and Index Numbers