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Vivitsu's REVIEWER™ – CMA Foundation Paper-4: Fundamentals of Business Economics and Management (FBEM)

Applicable for the December 2026 and June 2027 examinations. Published by Vivitsu, this is the latest edition of the REVIEWER™ question bank for Paper-4 of the CMA Foundation course under the ICMAI Syllabus 2022. It is a single, self-contained practice volume carrying 1,112+ multiple choice questions that cover the complete ICMAI syllabus for Fundamentals of Business Economics and Management — both the economics half and the management half — chapter by chapter.

Why this book

Paper-4 is an entirely objective paper, and the difference between a pass and a good score is almost always the number of well-chosen MCQs a candidate has actually worked through. Vivitsu's REVIEWER™ series is built around exactly that: it is a question bank first, not a textbook with questions bolted on. Every chapter opens with a quick review of the concepts that the examiner keeps returning to, then moves straight into graded question practice, so revision and testing happen in the same sitting.

Key features

• 1,112+ MCQs covering the complete ICMAI syllabus for Paper-4 — described by the publisher as the one and only question bank covering the full syllabus.
• 100% syllabus coverage, mapped module by module to the ICMAI Syllabus 2022.
• Quick Review of important concepts at the head of each chapter, so the theory is refreshed immediately before the questions are attempted.
• Topic-wise break-up of every chapter, letting a candidate drill a single weak area instead of re-reading the whole unit.
• LDR (Low Difficulty, Repeatedly asked) questions marked — the quick-scoring questions are flagged so they are never missed in the final revision.
• ABC Analysis of chapters, ranking the syllabus by examination weightage so study time goes where the marks are.
• Reference to all questions — each question is traced back to its source, whether study material, a model paper or a past examination.
• Chapter-wise compilation that brings together, in one place: SM (ICMAI Study Material questions), the MCQ Bank, 14 MQPs (Model Question Papers) and 12 PYPs (Previous Year Papers).

Syllabus covered (ICMAI Syllabus 2022, Paper-4 FBEM)

Section A — Fundamentals of Business Economics (70%)

• Module 1: Basic Concepts of Business Economics — the nature and scope of economics, micro and macro economics, utility, demand and supply, elasticity, theory of production, cost and revenue, and the law of returns.
• Module 2: Forms of Market — perfect competition, monopoly, monopolistic competition and oligopoly, and price and output determination under each.
• Module 3: Money and Banking — functions of money, quantity theory, inflation, commercial banking and credit creation, the Reserve Bank of India and instruments of monetary policy.
• Module 4: Economic and Business Environment — the macro environment of business, economic reforms, globalisation, liberalisation and the principal indicators of the Indian economy.

Section B — Fundamentals of Management (30%)

• Module 5: Fundamentals of Management — the nature, scope and evolution of management thought, the managerial functions of planning, organising, staffing, directing and controlling, authority and delegation, departmentation, motivation, leadership, communication and coordination.

Who should buy this book

• CMA Foundation students appearing in the December 2026 or June 2027 examination of the Institute of Cost Accountants of India.
• Candidates who have finished the ICMAI study material and now need volume practice in exam format.
• Repeat candidates who want a fast, targeted revision route through the past papers and model papers.
• Coaching institutes and faculty looking for a ready, syllabus-mapped MCQ bank for classroom tests.

Book details

Also available at The Big Books: REVIEWER™ CMA Foundation Paper-1 (Fundamentals of Business Laws and Business Communication), Paper-2 (Fundamentals of Financial and Cost Accounting) and Paper-3 (Fundamentals of Business Mathematics and Statistics), all for the Dec 2026 and Jun 2027 attempts.