THE BIGBOOKS
STORE

Vivitsu's REVIEWER™ — CMA Foundation Paper 1: Fundamentals of Business Laws and Business Communication, applicable for the December 2026 and June 2027 examinations. A question bank covering the complete ICMAI syllabus for Paper 1.

The CMA Foundation is an objective examination, and Paper 1 is the one candidates most often underestimate. Business Laws rewards precision — the exact condition, the exact exception, the exact number of days — and Business Communication rewards familiarity with how the examiner frames a question rather than deep understanding. Neither is well served by reading the Study Material through once. Both are served by working through questions until the patterns are obvious.

This volume is built for that. It carries 1,069+ MCQs compiled chapter-wise from the ICMAI Study Material, a dedicated MCQ Bank, 14 Model Question Papers and 12 Previous Year Papers, with every question referenced back to its source. A quick review of important concepts precedes the questions in each chapter, so the book works as a standalone revision text and not only as a drill.

Key Features

• 1,069+ MCQs covering the complete ICMAI syllabus for Paper 1.
• Chapter-wise compilation drawing on the ICMAI Study Material (SM), the MCQ Bank, 14 Model Question Papers and 12 Previous Year Papers.
• Quick review of important concepts at the head of each chapter — revision and practice in one book.
• Topic-wise break up, so weak areas can be isolated and drilled.
• Reference to all questions — every question traceable to its source, which matters when an answer needs to be checked against the Study Material.
• LDR questions marked, for the final revision pass.
• ABC Analysis — chapters ranked by examination weightage, so study time goes where the marks are.
• 100% syllabus coverage, claimed and structured chapter by chapter.
• Applicable for the Dec'26 and Jun'27 attempts.

Coverage

Section A — Fundamentals of Business Laws

• Introduction to Law and Legal System — sources of law, the classification of law, and the basic legal vocabulary the paper assumes.
• Indian Contracts Act, 1872 — offer and acceptance, consideration, capacity to contract, free consent and the vitiating factors, void and voidable agreements, contingent and quasi contracts, performance and discharge, breach and remedies, and the special contracts of indemnity, guarantee, bailment, pledge and agency.
• Sale of Goods Act, 1930 — the contract of sale, conditions and warranties, transfer of property and of title, performance, rights of an unpaid seller, and auction sales.
• Negotiable Instruments Act, 1881 — promissory notes, bills of exchange and cheques, holder and holder in due course, negotiation and endorsement, presentment, dishonour and the liability of parties.
• Indian Partnership Act, 1932 — the nature of partnership, the relations of partners to one another and to third parties, registration, and dissolution.
• Limited Liability Partnership Act, 2008 — incorporation, partners and designated partners, and the distinction from a partnership firm and a company.

Section B — Fundamentals of Business Communication

• Introduction to Business Communication — the communication process, types and channels, formal and informal communication, and the barriers to effective communication.
• Interpersonal Communication, listening, and non-verbal communication.
• Business Correspondence — the structure of a business letter, enquiries and quotations, orders, complaints and adjustments, collection letters, sales letters, and circulars.
• Official and employment correspondence — applications, resumes, offer and appointment letters, and official notes.
• Reports, notices, agenda and minutes, and the drafting conventions each follows.
• Electronic communication — email, and the etiquette and format expected.
• Vocabulary and usage — the language component the paper tests directly.

Who Should Buy This Book?

• CMA Foundation candidates sitting Paper 1 in the December 2026 or June 2027 attempt.
• First-attempt students who need structure imposed on the ICMAI Study Material.
• Repeat candidates, for whom targeted practice on weak chapters matters more than re-reading.
• Students in the final weeks before the examination — the LDR marking and ABC analysis are built for exactly that phase.
• Coaching institutes and faculty running CMA Foundation batches.
• Commerce students preparing for CMA alongside B.Com, where the business law syllabus overlaps substantially.

Why Choose This Book?

Two features distinguish a good objective question bank from a large one. The first is referencing: when a candidate gets a question wrong, the useful next step is to read the paragraph the question came from, and that is only possible if every question is traced to its source. This book does that throughout. The second is prioritisation. No candidate completes every question in the final fortnight, and the ones who do best are the ones who choose correctly — which is what the ABC analysis of chapter weightage and the LDR marking are for.

Beyond that, the argument for a Reviewer over the bare Study Material is simply that the CMA Foundation is answered in MCQ form. Reading comprehension and recognition are different skills, and the examination tests the second. Working 1,069+ questions across the Study Material, the MCQ Bank, 14 Model Question Papers and 12 Previous Year Papers is the most direct preparation there is for the paper as it is actually set.