Banking, finance & commerce

CA Foundation - Quantitative Aptitude & Business Economics previous year questions (PYQ)

208 previous year CA Foundation - Quantitative Aptitude & Business Economics questions, grouped by year, with answers and solutions.

2024 (208 questions)

Q1.

Accounting & Regulatory Compliance: Under applicable statutory guidelines in 'Mathematics of Finance: Simple Interest, Compound Interest, Effective Rate, Annuities and Sinking Fund' (Commercial Math, Statistical Dispersion & Economic Analysis), what is the mandatory financial treatment or disclosure requirement?

(A)

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Mathematics of Finance: Simple Interest, Compound Interest, Effective Rate, Annuities and Sinking Fund)

(B)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

(C)

Arbitrary capitalization of regular operational expenses without future economic benefit

(D)

Off-balance sheet concealment of material contingent liabilities

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Q2.

Financial Valuation & Risk Governance: In quantitative risk assessment of 'Mathematics of Finance: Simple Interest, Compound Interest, Effective Rate, Annuities and Sinking Fund', which metric reliably gauges liquidity coverage and credit solvency?

(A)

Interest coverage ratio and net debt-to-EBITDA within prudential regulatory thresholds (Mathematics of Finance: Simple Interest, Compound Interest, Effective Rate, Annuities and Sinking Fund)

(B)

Gross uncollateralized receivables divided by overdue accounts payable

(C)

Speculative inventory holding periods ignoring market depreciation

(D)

Nominal face value of authorized share capital without considering equity

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