Common Proficiency Test Assessment Test

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Quizzes Created: 636 | Total Attempts: 733,305

Questions: 10 | Attempts: 134 | Updated: Mar 20, 2023

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Common Proficiency Test Assessment Test - Quiz

The Common Proficiency Test, or abbreviated as CPT, was the principal level of Chartered Accountancy examinations in India, which has been changed to CA Foundation as per ICAI overhauled scheme. Take this assessment test to assess your knowledge of the CPT.

Questions and Answers

1.

Common Proficiency Test was conducted in which of these countries?
- A.
  
  India
- B.
  
  Nepal
- C.
  
  United Kingdom
- D.
  
  Australia
Correct Answer
A. India

Explanation
The Common Proficiency Test was conducted in India.

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2.

A person can register for Common Proficiency Test after completing...
- A.
  
  Grade 9
- B.
  
  Grade 10
- C.
  
  Grade 11
- D.
  
  Grade 12
Correct Answer
B. Grade 10

Explanation
A person can register for the Common Proficiency Test after completing Grade 10. This implies that the minimum educational requirement to register for the test is the completion of Grade 10.

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3.

Common Proficiency Test involves...
- A.
  
  Objectives and theory questions
- B.
  
  Objectives questions only
- C.
  
  Theory questions only
- D.
  
  Oral interview
Correct Answer
B. Objectives questions only

Explanation
The Common Proficiency Test involves only objective questions. This means that the test consists of multiple-choice questions where candidates have to select the correct answer from a given set of options. There are no theory-based questions or oral interviews included in this test. The objective format allows for a standardized and efficient evaluation of the candidates' knowledge and understanding of the subject matter.

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4.

Common Proficiency Test covers ____ basic subjects.
- A.
  
  2
- B.
  
  3
- C.
  
  4
- D.
  
  5
Correct Answer
C. 4

Explanation
The Common Proficiency Test covers four basic subjects.

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5.

Common Proficiency Test tests are held in which months?
- A.
  
  January and February
- B.
  
  July and August
- C.
  
  April and June
- D.
  
  July and January
Correct Answer
D. July and January

Explanation
The Common Proficiency Test (CPT) is held in the months of July and January. These months are chosen strategically to allow students to appear for the exam after completing their academic year in June and December respectively. Holding the test in these months ensures that students have enough time to prepare for the exam and also aligns with the academic calendar.

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6.

The Common Proficiency Test results are declared in...
- A.
  
  February and March
- B.
  
  August and September
- C.
  
  April and June
- D.
  
  July and January
Correct Answer
D. July and January

Explanation
The Common Proficiency Test results are declared in July and January. This means that the results for this test are announced twice a year, once in July and once in January. It is likely that the test is conducted in the months leading up to these result announcements, allowing for the necessary time to grade and process the test papers. This regularity in result declaration ensures that candidates have a specific timeframe in which they can expect to receive their results.

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7.

The Common Proficiency Test is the first level of...
- A.
  
  Economics
- B.
  
  Accounting
- C.
  
  Chartered Accountancy
- D.
  
  Business Administration
Correct Answer
C. Chartered Accountancy

Explanation
The Common Proficiency Test is the first level of Chartered Accountancy. This test is conducted by the Institute of Chartered Accountants of India (ICAI) and serves as an entry point for aspiring chartered accountants. It tests the basic knowledge and understanding of subjects like accounting, economics, and business administration, which are essential for a career in chartered accountancy. Therefore, the correct answer is Chartered Accountancy.

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8.

There were how many multiple choice questions?
- A.
  
  100
- B.
  
  200
- C.
  
  150
- D.
  
  50
Correct Answer
B. 200
9.

Every incorrect answer carries a _____ negative mark
- A.
  
  0.25
- B.
  
  0.5
- C.
  
  1
- D.
  
  1.5
Correct Answer
A. 0.25

Explanation
Every incorrect answer carries a negative mark of 0.25. This means that for each wrong answer, 0.25 marks will be deducted from the total score.

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10.

A candidate is required to have a minimum of ____ to pass the examinations.
- A.
  
  50%
- B.
  
  60%
- C.
  
  70%
- D.
  
  80%
Correct Answer
A. 50%

Explanation
The candidate is required to have a minimum of 50% to pass the examinations. This means that the candidate needs to achieve a score that is equal to or higher than 50% of the total marks in order to pass.

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