12 tests. Every chapter test has 40 MCQs and 48 minutes. That is the real pace of the exam — 72 seconds a question, exactly what ICAI gives you (100 questions in 120 minutes).
⏱️ The real pace of the exam
40 MCQs, 48 minutes. In Economics the questions are not the hard part — the clock is. A student who practises at home without a clock walks out of the hall having left the last 20 questions untouched. Here every test runs against the clock.
➖ Negative marking, exactly like ICAI — 0.25 off for every wrong answer
Nothing is taken off for a question you leave blank. So these tests do not just teach you to answer — they teach you when to guess and when to leave it. The arithmetic of it is worked out at the end of every solution.
📖 A full explanation for every question
Not just “the answer is (b)”. Every question tells you why (b) is right, and why the option that was tempting you is wrong. In Economics most mistakes happen between two lookalike options; that is where the real learning is.
📊 A report on which chapters are weak
We look at your answer grid and tell you how many went wrong in each chapter. Instead of revising the whole syllabus again, you can put your time into two or three weak chapters.
📝 An answer grid page — just like the real exam
Every paper has an answer grid at the end, exactly as the real exam does. You mark your answers on it. By exam day the routine is already a habit.
Total tests
12
Each chapter test
40 MCQs · 48 minutes
Negative marking
0.25 per wrong answer
Valid till
Jan 2027 attempt
Checked copy in 3 working days. In the busy days just before the exam it can take up to 5 working days.
One copy of each test is checked. If you want a test checked again, it is ₹50 per sheet.
The 12 tests you get
| Test | Chapter and what it covers | MCQs | Time |
|---|---|---|---|
| Chapter Test 1 | Nature and Scope of Business Economics Meaning and definitions of economics, Business Economics and its scope, Micro and macro economics, Positive and normative economics, The central problems of an economy, Production Possibility Curve and opportunity cost, Capitalist, socialist and mixed economic systems | 40 | 48 minutes |
| Chapter Test 2 | Theory of Demand and Supply Meaning and determinants of demand, Law of demand and its exceptions, Movement along and shift of a demand curve, Elasticity of demand — price, income, cross and advertisement, Theory of consumer behaviour — utility | 40 | 48 minutes |
| Chapter Test 3 | Theory of Production and Cost Factors of production, Production function, Law of variable proportions, Returns to scale, Isoquants and producer’s equilibrium, Economies and diseconomies of scale, Cost concepts, Short run and long run cost curves | 40 | 48 minutes |
| Chapter Test 4 | Price Determination in Different Markets Meaning and forms of a market, Revenue concepts, Perfect competition, Monopoly and price discrimination, Monopolistic competition and selling cost, Oligopoly and the kinked demand curve | 40 | 48 minutes |
| Chapter Test 5 | Business Cycles Meaning and features of a business cycle, The four phases, Causes and theories of business cycles, Leading, lagging and coincident indicators, Relevance of business cycles to business decision making | 40 | 48 minutes |
| Chapter Test 6 | Determination of National Income National income aggregates, The three methods of measurement, Circular flow of income, Keynesian theory of income determination, Consumption function and the propensity to consume, Investment multiplier, Difficulties in measurement | 40 | 48 minutes |
| Chapter Test 7 | Public Finance Market failure and its causes, Public goods, externalities and asymmetric information, The three functions of government, Fiscal policy and its instruments, The Union Budget, receipts and expenditure, Taxation, Deficits and public debt | 40 | 48 minutes |
| Chapter Test 8 | Money Market Functions and kinds of money, Demand for money, Supply of money and the monetary aggregates, Commercial banks and credit creation, The Reserve Bank of India and monetary policy, Instruments of monetary policy, Money market | 40 | 48 minutes |
| Chapter Test 9 | International Trade Theories of international trade, Trade policy — tariffs, quotas and other barriers, Balance of Payments, Foreign exchange and exchange rate systems, Foreign direct investment and foreign portfolio investment | 40 | 48 minutes |
| Chapter Test 10 | Indian Economy The Indian economy before and after independence, Planning and its objectives, The 1991 reforms — liberalisation, privatisation and globalisation, Structure and sectors of the Indian economy, Poverty and unemployment | 40 | 48 minutes |
| Full Syllabus Test 1 | The whole syllabus — Chapters 1 to 10 100 questions, all compulsory, 2 hours — the real exam’s pattern, length and pace | 100 | 2 hours |
| Full Syllabus Test 2 | The whole syllabus — Chapters 1 to 10 100 questions, all compulsory, 2 hours — the real exam’s pattern, length and pace | 100 | 2 hours |
In every test: 1 mark a question · −0.25 for a wrong answer · nothing taken off for a blank
How it works — 4 steps
1
Buy it and download the papers straight away. The moment your payment goes through, all 12 papers are yours.
2
Take the test with a clock. 48 minutes — not a minute more. Mark your answers on the answer grid at the end of the paper.
3
Email a photo of the answer grid to solutionsacademyofcommerce@gmail.com.
4
What comes back — your score (with negative marking applied), and a report of which chapters are weak. Along with the full solution to that test, which explains every question.
📧 Send your answer grid here: solutionsacademyofcommerce@gmail.com
Write the subject line like this:
for example: Test 2 – Rohit Sharma – 9876543210
Write the subject line like this:
Test <chapter> - <your name> - <mobile number>for example: Test 2 – Rohit Sharma – 9876543210
Send only the last page, the one with the answer grid — you do not need to send the whole paper.
About the checking: this is an MCQ paper, so there is no marking by hand here — send us the answer grid and we send back your score and a weak-chapter report. In 3 working days. If an explanation still does not make sense to you, ask on WhatsApp — Ramakant Sir answers those himself.
Who makes these tests
Ramakant Ratawa — Solutions Academy, Sikar. Teaching CA and commerce since 2012. He has written every question and every solution himself.
Students he has taught:
- Kartikeya Sodhani — CA Foundation, All Shekhawati Rank 1
- Harsh Dhoot — CA Foundation, All Shekhawati Rank 2
- Rimjhim Agarwal — CA Foundation, Rank 3 All Rajasthan
- Manan Soni — CA Intermediate, All India Rank 43
These are students we taught ourselves — not people who came to us only to take tests.
Common questions
This is an MCQ test — what is there to check?
Fair question. So here we do not look at your handwriting, we look at your answer grid, and along with the score we tell you which chapters are weak. The real value is in the explanation for every question — why the right one is right, and why the tempting option is wrong.
Is the negative marking real?
Yes, exactly as ICAI does it — 0.25 off for every wrong answer. Nothing is taken off for a question left blank. The arithmetic is worked out at the end of every solution.
Why does the solution not come with the paper?
So that you take the test honestly — in an MCQ paper it is even easier to peek. The solution reaches you with your score, as a link to a password-protected page.
How soon do I get my score?
In 3 working days. In the busy days just before the exam it can take up to 5 working days. One grid of each test is checked; if you want a test checked again, it is ₹50 per sheet.
How long does this test series run?
Until the Jan 2027 attempt. Once you download the papers, they stay with you.
Can I get a refund?
This is a digital product. Once a paper has been downloaded, that order cannot be refunded. If you cancel before downloading, you get a full refund. The full rules are in our Refund & Cancellation Policy.
