CMA Intermediate Mock Test with AI Answer Checking

Practise the exact ICMAI pattern: 8 papers, no negative marking. Then see your projected scores, paper by paper.

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CMA Intermediate exam pattern

CMA Intermediate has 8 papers of 100 marks each (800 total). Every paper combines MCQs with written answers. There is no negative marking. At least 40% in each paper of a group and 50% aggregate of the non-exempted papers of that group; when both groups are taken together, 40% in each paper and 50% aggregate across both groups. The exam is held in June and December.

Paper	Marks	Duration	Type	Negative marking
Paper 5: Business Laws and Ethics	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers
Paper 6: Financial Accounting	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers
Paper 7: Direct and Indirect Taxation	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers
Paper 8: Cost Accounting	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers
Paper 9: Operations Management and Strategic Management	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers
Paper 10: Corporate Accounting and Auditing	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers
Paper 11: Financial Management and Business Data Analytics	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers
Paper 12: Management Accounting	100	3 hours	MCQ + written	None: 30 marks of MCQs (15 of 2 marks each) and 70 marks of written answers

CMA Intermediate syllabus, chapter by chapter

Every chapter below has its own practice set. Your diagnostic mock tells you which ones to open first.

Paper 5: Business Laws and Ethics

Paper 6: Financial Accounting

Paper 7: Direct and Indirect Taxation

Paper 8: Cost Accounting

Paper 9: Operations Management and Strategic Management

Paper 10: Corporate Accounting and Auditing

Paper 11: Financial Management and Business Data Analytics

Paper 12: Management Accounting

How FinsRise helps you clear CMA Intermediate

Objective papers: speed and accuracy

Timed mocks with real negative marking, so you learn when to skip, not just what to answer.

Subjective papers: answers checked

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Revision that targets you

Your wrong answers return as revision cards on a schedule, until you stop getting them wrong.

CMA Intermediate: frequently asked questions

How many papers are there in CMA Intermediate?

Eight papers of 100 marks each in two groups. Group I: Business Laws and Ethics, Financial Accounting, Direct and Indirect Taxation, and Cost Accounting. Group II: Operations Management and Strategic Management, Corporate Accounting and Auditing, Financial Management and Business Data Analytics, and Management Accounting.

What is the CMA Intermediate exam pattern?

Each paper is a 3-hour written exam at an offline exam centre. It opens with a compulsory Section A of 15 multiple choice questions with four options, 2 marks each (30 marks). The remaining 70 marks are descriptive and numerical questions; in the June 2026 papers these were Questions 2 to 8 of 14 marks each, any five to be answered.

Is there negative marking in CMA Intermediate?

No. Neither the question papers nor the ICMAI prospectus provide for negative marking.

What are the passing marks for CMA Intermediate?

To pass a group you need at least 40% in each paper of the group and 50% aggregate of the non-exempted papers of that group. If you appear for both groups, you qualify with at least 40% in each paper and 50% aggregate across both groups together.

Is there paper-wise exemption in CMA Intermediate?

Yes. If you fail a group but score 60% or more in a paper, you are exempted from that paper (counted as 50 marks in the next aggregate) or, if every other paper of the group was at least 40%, the actual marks are carried forward. The benefit lasts for the next three successive terms.

When is the CMA Intermediate exam held?

ICMAI holds its examinations twice a year, in the June and December terms. In the December 2026 term, Intermediate papers run from 10 to 17 December 2026, 2.00 P.M. to 5.00 P.M., with the two groups on alternate dates.

Which Income-tax Act applies to CMA Intermediate Taxation?

The Income-tax Act, 2025 governs income from 1 April 2026 (tax year 2026-27). FinsRise CMA content is written for the June 2027 term, so income-tax questions use the Income-tax Act, 2025, not the Income-tax Act, 1961.

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