CA Final Paper 4 - Group I

CA Final Corporate & Economic Laws MCQs

158 free practice questions from official ICAI MCQ Booklet

About CA Final Corporate & Economic Laws

Corporate & Economic Laws (Paper 4) is a crucial subject in CA Final Group I that tests your understanding of company law, economic legislations, and regulatory frameworks governing businesses in India. This paper carries 100 marks and includes both objective (30 marks) and descriptive questions (70 marks).

What This Quiz Covers

These 158 MCQs are extracted from the official ICAI MCQ & Case Scenarios Booklet published by the Board of Studies. The questions cover:

  • Companies Act, 2013 - Directors, KMP, Board Meetings, Amalgamation, Oppression & Mismanagement
  • SEBI Regulations - Insider Trading, LODR Compliance
  • FEMA - Foreign Exchange, Residential Status, Remittance Limits
  • Insolvency & Bankruptcy Code - CIRP, Liquidation, Resolution Process
  • Other Laws - PMLA, FCRA, Arbitration Act, Nidhi Company Rules

How These MCQs Help Your Preparation

The CA Final exam pattern includes 30 marks of objective questions in Corporate Laws. Practicing these ICAI-sourced MCQs helps you:

  • Understand the exact question patterns ICAI uses in exams
  • Master case-based application of legal provisions
  • Learn to identify correct legal interpretations quickly
  • Build speed for the time-constrained exam environment
  • Revise key sections and provisions through practical scenarios

Exam Tip: The MCQ section in CA Final Corporate Laws often tests specific numerical thresholds (like paid-up capital limits for woman director), time periods (like filing deadlines), and procedural requirements. These practice questions cover all such frequently tested areas.

Official Source: ICAI Board of Studies — All 158 MCQs are from the official "MCQs & Case Scenarios" booklet published by ICAI for CA Final Corporate & Economic Laws. Answers are verified from the official answer key.

Download original from ICAI BoS Live

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Topics Covered

Directors - Appointment & QualificationWoman Director RequirementsIndependent DirectorsKey Managerial Personnel (KMP)Board Meetings & QuorumAmalgamation & MergerOppression & MismanagementFEMA & Foreign CompaniesIBC - Insolvency ProcessNidhi Companies

158

Total Questions

2

Quiz Sets

ICAI

Official Source

CA Final Corporate Laws - Exam Pattern

Total Marks: 100

Duration: 3 hours

MCQ Marks: 30 (Case-based)

Descriptive: 70 marks

Passing: 40% (40 marks)

Negative Marking: 0.25 per wrong MCQ