CMA Foundation · June 2026 · Paper 3

CMA Foundation Fundamentals of Business Mathematics and Statistics June 2026: paper analysis

Our own analysis of the official paper, as of 12 October 2026. The questions and answers belong to ICMAI; read them on ICMAI's website.

Official question paper (ICMAI)

Chapter-wise marks

Where the marks were in this paper (out of 100; internal-choice alternatives not double counted).

Chapter	Questions	Marks	Share
Measures of Central Tendency and Dispersion	8	16	16%
Correlation and Regression	7	14	14%
Probability	7	14	14%
Ratios, Variations and Proportions	5	10	10%
Index Numbers and Time Series	5	10	10%
Statistical Representation of Data	3	6	6%
Time Value of Money and Annuity - Simple and Compound Interest	2	4	4%
Arithmetic Progression and Geometric Progression	2	4	4%
Set Theory, including Venn Diagram	2	4	4%
Indices and Logarithms	2	4	4%
Permutation and Combinations	2	4	4%
Quadratic Equations	2	4	4%
Calculus - Application in Business	2	4	4%
Time and Distance	1	2	2%

What stood out

The paper keeps a fixed split: 20 mathematics questions (40 marks) and 30 statistics questions (60 marks), so statistics carries more weight.
Measures of central tendency and dispersion was the largest chapter with 8 questions, mixing direct computation with property-based concept checks.
Correlation and regression and probability had 7 questions each; regression items needed quick use of the regression-coefficient and mean relationships.
Ratio and proportion led the mathematics section with 5 questions, while calculus appeared only twice, once as a cost-minimisation application.
Nearly every question required a calculation, so practising short-cut methods is more useful than theory for this one-hour paper.

Practise the chapters that carried the marks

Measures of Central Tendency and Dispersion, Correlation and Regression, Probability: study guides and practice questions in the CMA Foundation format.

Measures of Central Tendency and Dispersion Correlation and Regression Probability