ICMAI (Institute of Cost Accountants of India)
CMA Foundation Answer Key 2027 — Official & Expected
Download official answer keys, challenge wrong answers, and check your expected score
Answer Key Release Timeline
Exam Conducted
DoneProvisional Key Released
Expected: June 2027Objection Window
UpcomingFinal Key Released
UpcomingHow to Download Official Answer Key
Visit official website of ICMAI (Institute of Cost Accountants of India)
Navigate to the "Answer Key" section on the homepage
Select your exam date and shift from the dropdown
Download the PDF answer key to your device
Match each response with your recorded answers
Note: Official download available on ICMAI (Institute of Cost Accountants of India) website after exam date.
Expected Answer Key — Subject-wise Breakdown
| Subject | Questions | Correct Answer Pattern | Difficulty |
|---|---|---|---|
| Fundamentals of Economics and Management | 50 | Mixed (A/B/C/D) | Moderate |
| Fundamentals of Accounting | 50 | Mixed (A/B/C/D) | Moderate |
| Fundamentals of Laws and Ethics | 50 | Mixed (A/B/C/D) | Moderate |
| Fundamentals of Business Mathematics and Statistics | 50 | Mixed (A/B/C/D) | Moderate |
Disclaimer: This is a provisional estimated breakdown. Official answer key will be published by ICMAI (Institute of Cost Accountants of India).
Expected Score Calculator
Marking scheme: +4 per correct, −1 per wrong
How to Challenge Wrong Answers
Download Objection Form
Get the official objection form from the conducting body's website
Pay Challenge Fee
₹200 per question challenged. Fee is refunded if objection is accepted
Submit with Proof
Attach supporting proof (books, previous papers) for each challenged question
Await Resolution
Result declared after expert review — reflected in final answer key
Frequently Asked Questions
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