Under the New Scheme of Education and Training, the simplified entry to the chartered accountancycourse has been designed through Common Proficiency Test (CPT). It is an objective type test of 200marks of four subjects, i.e. Accounting, Mercantile Laws, General Economics and QuantitativeAptitude with an objective to test basic knowledge in these subject areas. This test is of 200 marks.This test is divided into two sessions of two hours each with a break in between. CPT is an objectivetype test with negative marking. Subjects to be studied in CPT are as follows:SESSION – I (Two Sections – Two hours – 100 Marks)Section A: Fundamentals of Accounting (60 Marks)Section B: Mercantile Laws (40 Marks)SESSION – II (Two Sections – Two hours – 100 Marks)Section C: General Economics ( 50 Marks)Section D: Quantitative Aptitude ( 50 Marks)The CPT is treated as a single paper of 200 Marks. A student has to obtain 100 marks in aggregate toqualify CPT.The Board of Studies has prepared comprehensive study materials covering the above mentionedsubjects. There are good numbers of objective type questions in the study materials which studentsshould practice.In addition, this question bank is published to facilitate students to prepare for the examinations. Thisbook contains 10 Model Test Papers comprising of 2000 objective type questions. Each Model testpaper is divided into four sections. Section A relates to Fundamentals of Accounting carrying 60 marks.Section B relates to Mercantile Law carrying 40 marks. Sections C and D relate to General Economicsand Quantitative aptitude carrying 50 marks each. All the papers have been carefully designed so as toexpose students to all types of questions such as one line statement questions, fill in the blanks,numerical based questions, table based questions, paragraph based questions and diagram basedquestions.Students are advised to answer these each test paper under examination conditions. They shouldattempt Section A and Section B in first two hours and with a break; Section C and Section D should beattempted in next two hours. Then the answer sheet should be assessed consulting the answers givenat the end of the Model Test Papers. They should deduct 0.25 marks for each wrong answer. Thesame procedure should be followed for all ten test papers. I am confident that students will be able toevaluate their performance by this process.I acknowledge contribution of the faculty members of the Board Studies, namely, Mrs. Prem J. Bhutani,Mrs. Seema Gupta, Mrs. Shilpa Agrawal, CA. Vikas Kumar, Ms. Srishti Gupta, Ms. Ginni Aggarwal inthe preparation of these Model Test Papers. I also acknowledge the contributions made by Mr. P.N.Kapur who developed question bank of Accounting, Mr. R.K. Gupta and Dr. G.K. Pandey whodeveloped question bank of Mercantile Laws, Dr. O.P. Shukla, Dr. G.P. Srivastava and Dr, ChammaShukla who developed question bank of Economics and CA. Atul Mittal and Mr. G.P. Bhargava whodeveloped question bank of Quantitative Aptitude.
Director of Studies