CA Foundation Course Quiz
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Questions and Answers

Which organization offers the CA Foundation Course?

  • Institute of Chartered Accountants of Scotland (ICAS)
  • Institute of Chartered Accountants of England and Wales (ICAEW)
  • Institute of Chartered Accountants in Australia (ICAA)
  • Institute of Chartered Accountants of India (ICAI) (correct)
  • How many series of papers are there in the CA Foundation Course?

  • 5 (correct)
  • 6
  • 4
  • 3
  • What was the previous name of the CA Foundation Course?

  • Common Proficiency Test (correct)
  • Intermediate Proficiency Exam
  • Chartered Accountancy Entrance Exam
  • Foundation Level Accountancy Test
  • How often is the CA Foundation exam conducted?

    <p>Twice a year</p> Signup and view all the answers

    What are the additional levels that students need to complete to become a chartered accountant?

    <p>Intermediate and Final levels</p> Signup and view all the answers

    Which term was used before 'economics' to refer to the study of the national realm as public administration of the affairs of state?

    <p>Political economy</p> Signup and view all the answers

    Who wrote the first book in English with 'political economy' in the title?

    <p>Mister James Stuart</p> Signup and view all the answers

    What does political economy seek to secure for all the inhabitants?

    <p>A certain fund of subsistence</p> Signup and view all the answers

    What is the ancient Greek term for household management?

    <p>Economy</p> Signup and view all the answers

    What does the science of political economy provide for the wants of the society?

    <p>Everything necessary</p> Signup and view all the answers

    Study Notes

    CA Foundation Course

    • The Institute of Chartered Accountants of India (ICAI) offers the CA Foundation Course.
    • The CA Foundation Course consists of four series of papers.
    • The previous name of the CA Foundation Course was the Common Proficiency Test (CPT).
    • The CA Foundation exam is conducted four times a year, i.e., quarterly.
    • To become a chartered accountant, students need to complete three additional levels: Intermediate and Final courses, and articleship training.

    Political Economy

    • Before the term 'economics' was used, the study of the national realm was referred to as the public administration of the affairs of state, which was also known as "political economy".
    • James Steuart wrote the first book in English with 'political economy' in the title.
    • Political economy seeks to secure material well-being and prosperity for all the inhabitants.
    • The ancient Greek term for household management is "oikonomia", from which the term 'economics' originates.
    • The science of political economy provides for the wants of society by managing resources efficiently to maximize welfare.

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    Description

    Test your knowledge on the CA Foundation Course, the entrance level for the chartered accountancy course in India. This quiz covers the exam structure and content, as well as the transition from the previous Common Proficiency Test.

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