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100+ Free CMA Foundation Paper 3 Practice Questions

CMA Foundation Paper 3: Fundamentals of Business Mathematics and Statistics practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: CMA Foundation Paper 3 Exam

100

Total Marks

ICMAI Syllabus 2022

2 hrs

Exam Duration

ICMAI Syllabus 2022

40% / 60%

Maths / Statistics Weight

ICMAI Syllabus 2022

No

Negative Marking

ICMAI Exam Pattern

40%

Pass Mark per Paper

ICMAI Examination Rules

Rs. 6,000

Foundation Fee

ICMAI

CMA Foundation Paper 3 (FBMS) is an offline, objective MCQ paper of 100 marks completed in 2 hours with no negative marking under ICMAI's Syllabus 2022. Section A, Fundamentals of Business Mathematics, carries 40% and covers ratios, interest, annuities, progressions, set theory, indices, logarithms, permutations, combinations, quadratic equations, and basic calculus. Section B, Fundamentals of Business Statistics, carries 60% and covers data representation, central tendency, dispersion, skewness, correlation, regression, probability, index numbers, and time series. Passing requires at least 40% in each paper and 50% aggregate across the four Foundation papers.

Sample CMA Foundation Paper 3 Practice Questions

Try these sample questions to test your CMA Foundation Paper 3 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1If A:B = 2:3 and B:C = 4:5, what is A:B:C?
A.8:12:15
B.2:3:5
C.2:12:5
D.8:3:15
Explanation: To combine ratios with a common term B, scale them so B is equal. A:B = 2:3 and B:C = 4:5; multiply the first by 4 and the second by 3 to make B = 12, giving A:B = 8:12 and B:C = 12:15, so A:B:C = 8:12:15.
2Two numbers are in the ratio 5:7 and their sum is 96. What is the larger number?
A.40
B.56
C.48
D.60
Explanation: Let the numbers be 5x and 7x. Their sum is 12x = 96, so x = 8. The larger number is 7x = 7 x 8 = 56.
3The fourth proportional to 4, 9 and 12 is:
A.27
B.16
C.36
D.21
Explanation: If a:b = c:d, then d is the fourth proportional and d = (b x c) / a. Here a = 4, b = 9, c = 12, so d = (9 x 12) / 4 = 108 / 4 = 27.
4If x varies directly as y and x = 15 when y = 5, what is x when y = 8?
A.20
B.24
C.18
D.26
Explanation: Direct variation means x = ky. From x = 15 and y = 5, k = 15/5 = 3. When y = 8, x = 3 x 8 = 24.
5What is the simple interest on Rs. 8,000 at 6% per annum for 3 years?
A.Rs. 1,440
B.Rs. 1,200
C.Rs. 1,600
D.Rs. 960
Explanation: Simple interest = (P x R x T) / 100 = (8000 x 6 x 3) / 100 = 144000 / 100 = Rs. 1,440.
6A sum doubles itself in 8 years at simple interest. What is the annual rate of interest?
A.10%
B.12%
C.12.5%
D.8%
Explanation: If a sum doubles, the interest earned equals the principal, so SI = P. Using SI = (P x R x T)/100, P = (P x R x 8)/100, giving R = 100/8 = 12.5%.
7What is the compound interest on Rs. 10,000 at 10% per annum compounded annually for 2 years?
A.Rs. 2,000
B.Rs. 2,100
C.Rs. 1,900
D.Rs. 2,200
Explanation: Amount = P(1 + R/100)^T = 10000 x (1.10)^2 = 10000 x 1.21 = Rs. 12,100. Compound interest = 12,100 - 10,000 = Rs. 2,100.
8The present value of Rs. 1,100 receivable after 1 year at 10% per annum is:
A.Rs. 1,000
B.Rs. 990
C.Rs. 1,010
D.Rs. 1,100
Explanation: Present value = Future value / (1 + r)^n = 1100 / (1.10)^1 = 1100 / 1.10 = Rs. 1,000.
9The present value of an ordinary annuity of Rs. 5,000 per year for 3 years at 10% (annuity factor 2.4869) is approximately:
A.Rs. 15,000
B.Rs. 12,434
C.Rs. 13,500
D.Rs. 11,000
Explanation: Present value of an ordinary annuity = Annual payment x annuity factor = 5,000 x 2.4869 = Rs. 12,434.50, approximately Rs. 12,434.
10In an arithmetic progression, the 5th term is 17 and the 10th term is 32. What is the common difference?
A.2
B.3
C.5
D.4
Explanation: In an AP, the nth term is a + (n-1)d. The difference between the 10th and 5th terms is 5d = 32 - 17 = 15, so d = 15/5 = 3.

About the CMA Foundation Paper 3 Practice Questions

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