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    Download ICWAI Foundation Economics and Business Fundamentals Exam Previous Years Question Papers

    Institute of Cost and Works Accountants of India offers the ICWAI course, which prepares professionals for cost and works accountancy, who can find job opportunity in big corporate firms as cost and works accountants.

    About Foundation course:

    The first level of the CWA/ICWAI course offered by the Institute of Cost and Works Accountants of India is called as foundation course and this is the lowest level at which a student can start pursuing the professional course of cost and works accountancy. However, for candidates, who have completed their 10+2, foundation course need not be taken and they can directly join the intermediate course of ICWAI.

    Foundation course duration:

    The minimum duration for completion of the course according to the regulations of the institution is six months and this is the minimum period a student has to spend for completion of foundation course. The period of six months begins from the period when a candidate registers himself/herself with the institute and the minimum age limit for registration to the foundation course is 17 years.
    Papers in the foundation course of CWA examination:

    The foundation course of CWA includes the following papers according to the 2008 syllabus:

    • Organization and management fundamentals
    • Accounting
    • Economics and Business Fundamentals
    • Business Statistics and Statistics Fundamentals

    Syllabus of Economics and Business Fundamentals:

    Economics and Business Fundamentals is the paper 3 of the ICWAI foundation course. This paper is conducted for 100 marks and the question paper will have questions worth 60 marks from economics and 40 marks from Business Fundamentals divided as follows:

    • Economics – 60 marks

    o Basic Concepts of economics
    o Forms of Market
    o National Income
    o Theory of Employment
    o Money
    o Banking
    o International Trade
    o Public Finance

    • Business Fundamentals – 40 marks

    o Type of Business Unit
    o Company Organization and Management
    o Business Objectives
    o Stock Exchange and its workings
    o Business Communication and Report Writing

    Previous year question papers:

    ICWAI aspiring candidates can practice with the help of past question papers of Economics and Business Fundamentals paper in the foundation course of ICWAI.





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    Re: Download ICWAI Foundation Economics and Business Fundamentals Exam Previous Years Question Papers

    is cwa foundation exam is tough?




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