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CMA Foundation · June 2026 · Paper 4

CMA Foundation Fundamentals of Business Economics and Management 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).

ChapterQuestionsMarksShare
Money and Banking122424%
Forms of Market102020%
Communication, Co-ordination, Collaboration, Monitoring and Control61212%
The Fundamentals of Economics488%
Economic and Business Environment488%
Theory of Demand and Supply366%
Planning, Organizing, Staffing and Leading366%
Introduction to Management244%
Leadership and Motivation - Concepts and Theories244%
Utility, Wealth, Production122%
Means of Production122%
Stewardship Theory and Agency Theory of Management122%
Organisation Structure, Responsibility, Accountability and Delegation of Authority122%

What stood out

  • Economics carried 35 questions (70 marks) and management 15 (30 marks), the fixed split for this paper.
  • Money and Banking (12 questions) and Forms of Market (10) together made up nearly half the paper; covering inflation, money supply measures, central and commercial banking and market structures is essential.
  • Theory of Production, Cost of Production and Decision-making did not appear at all this term, while demand theory had only 3 questions.
  • In management, the control and coordination chapter led with 6 questions, and several items asked which thinker gave a particular definition, so author-definition pairs are worth memorising.
  • The business environment questions centred on PESTEL-type classification of external factors rather than current affairs.

Practise the chapters that carried the marks

Money and Banking, Forms of Market, Communication, Co-ordination, Collaboration, Monitoring and Control: study guides and practice questions in the CMA Foundation format.

Money and BankingForms of MarketCommunication, Co-ordination, Collaboration, Monitoring and Control