Last updated on: 30th May, 2013.
Common Proficiency Test is the starting level of CA education where you need to get qualified before taking admission in next level. It is an objective based exam conducted for 100 marks. It is conducted twice a year once in June and again in December. There used to be earlier online exams but due to some reasons it is discontinued now. Students can appear in any exam either in June or in December.
To be eligible to qualify for CPT exam one must be registered with the Institute of Chartered Accountants (ICAI) before 2 months from the exam date to which they prefer to take. To register one needs to be 12th Pass or 12th Appearing. In case the student is 12th appearing, his/her exam results will be withheld till they qualify it. To register he/she needs to fill up a registration form either downloaded from the ICAI’s website http://www.icai.org or can be purchased from any ICAI counters. It can be submitted to respective regional branch either in hand or by post. For the relevant regional branch one can see the prospectus and the form. All postal addresses and the contacts are given in there.
The CPT syllabus comprises of the following subjects:
Mercantile Law -40 marks
Accounts -60 marks
Economics -50 marks
Quantitative aptitude -50 marks
Note according to new amendment proposed Economics can be made of 40 Marks and Law of 50 Marks.
Exam is conducted in two parts on the same day. First paper consists of 100 marks from Mercantile Law & Accounts to be held from 10 am to 12 am IST. Second it is held for 100 marks from 2 pm to 4 pm same day for the subjects of economics & quantitative aptitude.
Exam is conducted in OMR sheets where you need to choose the right answers out of four option of the questions. For each right answer you get 1 marks and for each wrong answers -0.25 is deducted. There are all together 200 questions of each 1 marks.
Note as per new proposed amendment passing criteria can be 60 % i.e. 120 Marks without giving effect to Negative Marking.
To pass one must secure 50 percent i.e. 100 Marks out of total 200 marks. Further one must secure 30 Percent marks in each subject.
As per new amendment proposed, passing Marks for aggregate can be 120.
To register one must register within March for June attempt & within October for December attempt. Further one need to fill and submit the exam forms within time.
Exam form for June is released in March last or April first week & for December attempt is released on October first week.
Note: One need to get 30% marks separately in each subject to get the passing certificate from June 2013 attempt.
Results are usually published online at ICAI’s website within 1 month. http://icai.org.
For more information from the official website of ICAI, visit: http://icai.org