CMA Mock and Practice Test Papers with Answers: Foundation, Inter, Final

ICMAI's own examiners recommend this kind of practice. In their comments on the June 2026 Intermediate Cost Accounting paper, they say students "must appear a number of mock tests within the stipulated time frame and self-evaluate their performance prior to the examination".

Where to download CMA mock test papers

All of these are free PDFs on icmai.in, with a separate list for Foundation, Intermediate and Final:

The model question paper page opens on the Foundation list for the latest term; choose the term, then Intermediate or Final, to see the other levels.

How ICMAI's mock papers are set

The June 2026 practice test papers and model question papers follow this format:

This matches the real exams. ICMAI's June 2026 Intermediate Paper 8 (Cost Accounting) exam paper had the same 30-mark compulsory MCQ question and the same choice of any five 14-mark questions. For December 2026, ICMAI's timetables (13 August 2026) set out:

• Foundation: all four papers on 13 December 2026, in two sessions: Papers 1 and 2 from 10 am to 12 noon, and Papers 3 and 4 from 2 pm to 4 pm Indian time. Each paper has 50 multiple-choice questions of 2 marks, answered on an OMR sheet at an exam centre, and there is no negative marking.
• Intermediate: papers from 2 pm to 5 pm Indian time, between 10 and 17 December 2026, at exam centres.
• Final: papers from 10 am to 1 pm Indian time, between 10 and 17 December 2026, at exam centres.

Why mock tests help

A mock test is your study material applied under exam conditions. It shows you things that reading alone cannot:

• Time management. You learn how long Section A takes you and how much time is left for each 14-mark question, or, at Foundation, how to get through 100 questions in a 2-hour session.
• Weak areas. Marking a paper against ICMAI's answers shows which topics cost you marks, so you can plan your revision around them.
• Doubts. Questions you were unsure about are the ones to take back to the study notes or to your teacher before exam day.
• The format. By exam day you know the paper layout, the instructions and how the choice of questions works.

The examiners' comments for June 2026 make the same point for several papers. For Intermediate Paper 9 they advise: "Solve mock tests and past exam papers under exam conditions. Review mistakes and seek clarification on misunderstood concepts." For Final Paper 19 they say students "must give importance to Section A, consisting of MCQs", preparing for it by "taking up various tests".

How to use mock test papers

1. Finish a paper's syllabus first. While you study a chapter, use the MCQ bank and, for Intermediate and Final, the work book. Keep the full practice test papers and model question papers for timed mocks once the syllabus is done.
2. Sit each mock in one go, in the exam's time. Give an Intermediate or Final paper 3 hours, ideally in the same slot as your exam (2 pm to 5 pm for Intermediate, 10 am to 1 pm for Final in December 2026). For Foundation, do two papers back to back in 2 hours, as in the exam, and mark your answers on a sheet the way you would on an OMR form.
3. Read the whole paper before you write. The examiners' June 2026 comments on Intermediate Paper 8 advise going "through the entire question paper at a glance" and selecting "the right combination of questions" for your five Section B answers. They also ask candidates to start each answer on a fresh page and write the correct question number on top.
4. Answer every Foundation question. There is no negative marking in the December 2026 Foundation exam, so leave nothing blank in your mocks either.
5. Mark your paper against ICMAI's answer paper. Then compare your score with ICMAI's standard of pass (CMA Prospectus 2025): at least 40% in each paper and 50% in aggregate, across all four papers at Foundation and within each group at Intermediate and Final. Our guide to CMA papers and passing marks explains the groups and exemptions.
6. Check the latest changes for law and tax papers. Laws and rates change from term to term, and ICMAI has posted a Supplementary for December 2026 for Papers 5, 6, 7 (Sections A and B), 13, 15, 17, 18 and 19. Check your answers in those papers against it.
7. Keep a record and repeat. Note your marks for each section, revise the topics where you lost the most, then sit another set. In our experience, spreading full mocks over the last few weeks before the exam, rather than leaving them all to the final days, leaves time to fix what they reveal.

More papers once you have used these

When you have worked through the latest sets, these give you more practice:

• Earlier model question papers. The same MQP page keeps Syllabus 2022 sets for the December 2023, June 2024, December 2024, June 2025 and December 2025 terms.
• Past exam papers and suggested answers. ICMAI's question papers page has Syllabus 2022 papers for every term from December 2023 to June 2026, and its suggested answers page covers the December 2011 to June 2026 terms. Our guides to the CMA Inter question paper and CMA Final question papers explain how to use them.
• Examiners' comments. ICMAI's Examiners' Comments Summaries for the June 2026 Intermediate and Final exams give paper-by-paper advice on how students can improve. Read the one for your paper before you mark your mocks.

Two things to skip: ICMAI's Revision Test Papers page still shows only a June 2018 set written for Syllabus 2016, and the question papers page also lists papers from older syllabuses, which cover different subjects. Check that a paper says "Syllabus 2022" before you use it.

For the study notes behind all of this, see where to download ICMAI's CMA study material.