ICAI MCQ Questions and Answer Keys May 2025

ICAI provides official MCQ booklets and answer keys, such as for the May 2025 exams, to aid in self-assessment, though certified copies obtained under RTI will not include answer keys or marks.

To succeed, students are advised to build strong theoretical knowledge, regularly practice using ICAI’s resources, analyze mistakes thoroughly, manage time effectively, and engage deeply with case-based scenarios.

The Institute of Chartered Accountants of India (ICAI) is constantly evolving its examination patterns to ensure that aspiring Chartered Accountants possess not only theoretical knowledge but also practical application skills.

A significant aspect of this evolution is the inclusion of Multiple Choice Questions (MCQs) across all levels of the CA curriculum – Foundation, Intermediate, and Final. This article provides a comprehensive overview of ICAI MCQs, how to access them, and the availability of answer keys to aid your preparation.

The Growing Importance of MCQs in ICAI Exams

Under the New Scheme of Education and Training, ICAI has significantly increased the weightage of MCQs in many papers. For CA Intermediate and Final exams, up to 30% of the questions in six papers at each level are now MCQ-based.

This shift emphasizes the need for students to develop strong conceptual understanding and quick problem-solving abilities, as MCQs test these aspects directly without requiring detailed step-by-step solutions to be written.

ICAI MCQ Answer Keys May 2025

ICAI generally provides answer keys for the MCQs released for specific examination attempts. This is crucial for students to self-assess their performance and understand the correct solutions.

MCQ Questions and Keys – May 2025 Foundation, Intermediate & Final Exams

CA Foundation MCQ Answer Keys May 2025

• Paper-3: Quantitative Aptitude ( Business Mathematics, Logical Reasoning, Statistics
• Paper-4: Business Economics

CA Intermediate MCQ Answer Keys May 2025

GROUP I

• Paper-1: Advanced Accounting
• Paper-2: Corporate and Other Laws
• Paper-3: Taxation

GROUP II

• Paper-4: Cost and Management Accounting
• Paper-5: Auditing and Ethics
• Paper-6: Financial Management and Strategic Management

CA Final MCQ Answer Keys May 2025

GROUP I

• Paper-1: Financial Reporting
• Paper-2: Advanced Financial Management
• Paper-3: Advanced Auditing, Assurance and Professional Ethics

GROUP II

• Paper-4: Direct Tax Laws & International Taxation
• Paper-5: Indirect Tax Laws
• Paper-6: Integrated Business Solutions (Multidisciplinary Case study with Strategic Management)

Important Note on RTI and Answer Keys: While ICAI provides official MCQ booklets and keys for guidance, it’s important to note that if you apply for certified copies of your OMR answer sheet under the RTI Act, ICAI states that “only copies of OMR answer sheet will be provided upon receipt of an application in this regard, under this scheme.

Neither MCQ paper booklet nor the answer keys thereon will be provided, and the certified copy of OMR answer sheets will not bear the marks awarded since the same are awarded in the System.” This means direct access to the specific MCQ paper you attempted in the exam, along with its answer key, is not provided through the RTI process; only your OMR sheet showing your marked answers.

Strategy for Effective MCQ Practice

To maximize your chances of success with MCQs:

• Conceptual Clarity: MCQs fundamentally test your understanding of concepts. Focus on building a strong theoretical foundation.
• Regular Practice: Utilize the official ICAI resources – the BoS dashboard, RTPs, MTPs, and study material MCQs.
• Time Management: Practice solving MCQs within a time limit to improve speed and accuracy, crucial for exam conditions.
• Analyze Mistakes: Don’t just identify incorrect answers. Understand why your answer was wrong and why the correct answer is indeed correct. This deep analysis helps reinforce learning.
• Refer to Case Scenarios: For subjects with case study-based MCQs, diligently practice with the case scenarios booklets to grasp the application of concepts to real-world situations.

By diligently utilizing the vast resources provided by ICAI for MCQ practice and focusing on conceptual understanding, CA aspirants can significantly enhance their performance and confidently navigate this important component of the examinations.