Weightage of Marks for CA Foundation Paper-3 Business Math May 2023

Download section and skill wise weightages of marks for CA Foundation May/Nov 2023 Exams Paper 3 Business Mathematics, Logical Reasoning and Statistics.

CA Foundation weightage of Business Math May 2023: ICAI revised the weightage of marks for CA Foundation Paper-3. The changes are applicable for May/June 2023 exams. CA Foundation students may download topic wise marks allocation for law paper. ICAI released section wise and skill wise marks allocation for CA Foundation course.

The Board of Studies (BoS) of the Institute of Chartered Accountant of India (ICAI) has assigned chapter wise weightage of marks to Paper 3 Business Mathematics, Logical Reasoning and Statistics. This facility would help foundation students to plan their studies in a structured manner for the coming ICAI examinations.

ICAI New Course 2023: ICAI CA Foundation New Syllabus is expected to be applicable from 1st July 2023. The first exam under CA Foundation new syllabus would be held in Nov 2023 term of examinations. CA Institute brings new syllabus for the CA Foundation Course. The name of Paper-3 has been changed to “Quantitative Aptitude” from “Business Mathematics and Logical Reasoning and Statistics”.

The question paper would take into consideration the weightage range assigned to different sections. Following are the detail weightage of marks assigned to second paper of CA Foundation exam for May 2023 under New Scheme of Education and Training:

Section wise Weightage of Marks for Paper 3

Part A: Business Mathematics (40 Marks)

Section-I (Weightage 20%-30%) i.e. 8-12 Marks

  1. Ratio and Proportion, Indices and Logarithms
    • (i) Ratio and proportion and Business Applications to Ratio and Proportion problems, Laws of Indices, Exponents and Logarithms and Anti Logarithms.
  2. Equations and Matrices
    • (i) Equations: Linear Simultaneous linear equations up to three variables, Quadratic and Cubic equations in one variable.
    • (ii) Matrices: Algebra of Matrices, Inverse of a Matrix and determinants, solving system of (Cramer’s rule) involving not more than three variables equations using matrix method
  3. Linear Inequalities: Linear Inequalities in one variable and the solution space and optimal Solution.

Section-II (Weightage 30%-40%) i.e. 12-16 Marks

  1. Time Value of Money
    • (i) Simple Interest
    • (ii) Compound interest and annuity applications,
    • (iii) Perpetuity
    • (iv) Depreciation
    • (v) Effective Rate of Interest
    • (vi) Present Value
    • (vii) Calculations of Returns:
      • (a) Nominal Rate of Return
      • (b) Effective Rate of Return
      • (c) Compound Annual growth rate (CAGR)

Section-III (Weightage 30%-50%) i.e. 12-20 Marks

  1. Permutations and Combinations
    • Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations with standard results.
  2. Sequence and Series
    • Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of n terms of special series
  3. Sets, Relations and Functions
  4. Basic applications of Differential and Integral calculus (Excluding the trigonometric applications) Applications of Marginal Cost and Marginal Revenue etc.,

Part B: Logical Reasoning (20 Marks)

Section-I (Weightage 60%-70%) i.e. 12-14 Marks

  1. Number series coding and Decoding and odd man out.
  2. Direction Tests
  3. Seating Arrangements

Section-II (Weightage 30%-40%) i.e. 6-8 Marks

  1. Blood Relations
  2. Syllogism

Part C: Statistics (40 Marks)

Section-I (Weightage 45%-50%) i.e. 18-20 Marks

  1. Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution –Histogram, Frequency Polygon, Ogive, Pie-chart
  2. Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation.

Section-II (Weightage 25%-30%) i.e. 10-12 Marks

  1. Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability; Bayes’ theorem; and Mathematical Expectation.
  2. Theoretical Distribution: Binomial Distribution, Poisson distribution – basic application and Normal Distribution – basic applications.

Section-III (Weightage 10%-15%) i.e. 4-6 Marks

  1. Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, Regression coefficients.

Section-IV (Weightage 10%-15%) i.e. 4-6 Marks

  1. Index Numbers and Time series
    • (i) Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers.
    • (ii) Time Series Analysis – basic application including Moving Average Method.

Business Mathematics and Logical Reasoning and Statistics is practical paper and therefore all questions shall be practical based. In other words, practical questions will be of 100 marks.


AUBSP.com – Trending Now

March 2024 Edition

GST Law Book PDF

(GST Bare Acts, Rules, Rates and Exemptions)

Learn More