CPT Exam Form June 2014 Online – Last Date – 25 April

CPT Exam is held twice a year in the month of June and December and ICAI has announced that the next Common Proficiency Test  June 2014 Attempt is scheduled to be held on Sunday, 22nd June 2014. The CPT Exam June 2014 Attempt would consist of 4 Papers scheduled to be conducted in 2 Sessions of 2 Papers at the following timings

Particulars First Session (10:30 AM to 12:30 PM) Second Session (2:00 PM to 4:00 PM)
Subjects Fundamentals of Accounting General Economics
Mercantile Laws Quantitative Aptitude

CPT Exam Form

The Exam Form for Common Proficiency Test June 2014 Attempt would be available from 4th April 2014 (10:00 AM) onwards and the last date of submission of the same is 25th April 2014 (05:30 PM). There is no provision for submitting the exam forms after 25th April with late fee and only those applications received till 25th April 2014 would be eligible to appear for June 2014 Exams.

All Students who have appeared/cleared Class XII Exams and have registered as a CPT Student with ICAI on or before 1st April 2014 and fulfill all the requisite conditions are eligible to appear for Common Proficiency Test (CPT) June 2014 Attempt.

Recommended Read: Procedure for CPT Registration

Students desirous of appearing for Common Profiency Test (CPT) scheduled to be held in June 2014 are required to obtain the Exam Form from the various branches of ICAI on payment of Rs.1000 (Rs. 500 towards Examination Fee and Rs. 500 for the cost of the Exam Form)

Students interested of appearing for CPT Exam June 2014 Attempt can also apply for the same online. Students availing the facility for submitting the Exam Form online only need to pay Rs. 500 towards the Examination Fees. They are exempted from paying Rs. 500 for the Cost of the Exam Form and thus Students availing the facility for online submission of Exam Form can avail an exemption from paying Rs. 500 towards the Cost of the Exam Form. The CPT Exam June 2014 Application Form can be submitted online on the following website of ICAI

http://icaiexam.icai.org

CPT Admit Cards are released 21 days before the Common Proficiency Test Exam Date and can also be downloaded online. CPT Results are announced in the month of July for June Exams and in the month of January for December Exams.

ca result CPT Exam Form June 2014 Online   Last Date   25 April

CPT Exam Passing Marks

CPT Exam June 2014 Attempt would be an Objective type Exam with 4 options to supplement each question out of which 1 option is correct and 3 options are false. The Student has to identify the Correct Answer and encircle the same. 1 Mark would be awarded for each correct answer and 0.25 Marks would be deducted for each wrong answer (Negative Marking). Multiple darkened circles for a question will also be regarded as a wrong answer.

As per Notification No. 1 CA(7)/145/2012 (applicable from June 2013 onwards),  Students are required to obtain 30% marks in each subject and 50% in aggregate to be declared as passed. Accordingly, the minimum marks required in each paper are as follows:-

Section

Subject

Max Marks

Minimum Passing Marks

A

Fundamentals of Accounting

60

18

B

Mercantile Laws

40

12

C

General Economics

50

15

D

Quantitative Aptitude

50

15

TOTAL

200

100*

*Although the minimum marks required in each paper are 30%, the minimum marks required in aggregate is 50%. A Candidate is required to satisfy both the above conditions to be declared as passed in CPT Exam.

In other words, if a candidate obtains 30% marks in all subjects, but does not score minimum 50% marks in aggregate or the candidate scores 50% marks in aggregate, but fails score 30% marks in any of the paper, he shall be declared as Fail. The above CPT passing criteria is made more clear with the help of the following table:-

Cand

idate

Marks Secured

Total

Result

Section A

Section B

Section C

Section D

Fundamentals

Of Accounting

Mercantile

Laws

General

Economics

Quantitative

Aptitude

Marks Obtained

Max Marks

Marks Obtained

Max Marks

Marks Obtained

Max Marks

Marks Obtained

Max Marks

Marks Obtained

Max Marks

A

55

60

25

40

22

50

17

50

125

200

Pass

B

36

60

20

40

18

50

29

50

100

200

Pass

C

47

60

25

40

23

50

10

50

105

200

Fail

D

30

60

22

40

25

50

15

50

92

200

Fail

E

17

60

20

40

15

50

10

50

62

200

Fail

The CPT Pass Percentage is 35% (approx.) i.e. out of all the Students who appear for the Common Proficiency Test, only 35% (approx.) are successful in clearing the Common Proficiency Test. Students unsatisfied with the marks allotted to them can also apply for Revaluation on Payment of prescribed fees of Rs. 200.

After clearing the CPT Exam June 2013, the Students shall apply for CA Intermediate Registration which is the next step after having cleared the CPT. The CA Inter Exams are held in the month of May and November every year and the CA Inter Pass Percentage is usually in the range of 15-20%.

CPT Exemption for Graduates

The Govt. has approved ICAI’s request for exempting CPT for Graduates. As a result of this approval, all Commerce Graduates with more than 55% marks are exempted from appearing for the Common Proficiency Test and can directly register for IPC – Intermediate Professional Course which is the 2nd  level in CA Exams. In case of Non-Commerce graduates, the marks secured in Graduation should be 60% or above.

Moreover, Graduates availing such CPT Exemption can also start their Articleship without the requirement of having cleared IPCC Group 1 as is the case with those students who have registered for the CA Course through the CPT Route.

If you have any queries regarding CPT June 2014 Exam, please post your query here on our Q&A Forum and we would be happy to help.

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