CA PRC Preparation Book PDF 2026 (Free Download)

What is in the CA PRC book

Each model paper carries the same number of MCQs per subject as the real CA PRC paper, so sitting it is a rehearsal of the real thing, not a random worksheet.

Sample MCQs from the CA PRC book

The first 10 questions of model paper 1.

1. Business Writing and Comprehension

   1. Read the passage and answer the question: "A farmer who depends on one crop may earn a large profit in a favourable year. However, a disease affecting that crop can destroy the entire harvest. Growing several crops may produce less profit in the best years, but it protects the farmer from complete failure." What does the passage identify as the main advantage of growing several crops?

   • A. It guarantees the highest profit every year.
   • B. It removes the need for agricultural labour.
   • C. It reduces the risk of total financial loss.
   • D. It prevents every disease from spreading.
   Show answer

   Answer: C, It reduces the risk of total financial loss.. See the explanation

2. Quantitative Methods

   2. The Marshall-Edgeworth price index uses which quantities as weights?

   • A. Only base-period quantities
   • B. Only current-period quantities
   • C. The average of base and current quantities
   • D. The difference between the two quantities
   Show answer

   Answer: C, The average of base and current quantities. See the explanation

3. Economics

   3. The price elasticity of demand is the ?

   • A. ratio of the change in price to the change in quantity demanded.
   • B. ratio of the percentage change in quantity demanded to the percentage change in price.
   • C. ratio of the change in quantity demanded to the change in price.
   • D. ratio of the percentage change in price to the percentage change in quantity demanded.
   Show answer

   Answer: B, ratio of the percentage change in quantity demanded to the percentage change in price.. See the explanation

4. Accounting

   4. In partnership accounts, a partner's salary is generally treated as which type of item?

   • A. A charge against gross profit
   • B. An appropriation of net profit
   • C. A liability to outside creditors
   • D. A deduction from fixed capital
   Show answer

   Answer: B, An appropriation of net profit. See the explanation

5. Introduction to Business

   5. Which situation is most likely to support a wider span of management?

   • A. Highly routine work with capable employees
   • B. Inexperienced staff performing varied tasks
   • C. Unclear duties requiring constant supervision
   • D. Managers handling many unrelated projects
   Show answer

   Answer: A, Highly routine work with capable employees. See the explanation

6. Business Writing and Comprehension

   6. Which statement best describes a feasibility report?

   • A. It assesses whether a proposed plan is practical.
   • B. It announces that a completed plan was successful.
   • C. It records the minutes of a committee meeting.
   • D. It gives employees routine administrative instructions.
   Show answer

   Answer: A, It assesses whether a proposed plan is practical.. See the explanation

7. Quantitative Methods

   7. If f'(1) = 0 and f''(1) = 0, what conclusion follows from the second derivative test?

   • A. A local maximum is certain
   • B. A local minimum is certain
   • C. The test gives no definite classification
   • D. An inflection point is certain
   Show answer

   Answer: C, The test gives no definite classification. See the explanation

8. Economics

   8. As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?

   • A. real balance effect
   • B. menu costs of inflation
   • C. money illusion.
   • D. cost-push inflation.
   Show answer

   Answer: B, menu costs of inflation. See the explanation

9. Accounting

   9. If an impairment loss on a non-revalued machine is later reversed under IAS 36, what is the maximum carrying amount after reversal?

   • A. Its original cost without any depreciation
   • B. The carrying amount that would have existed without the impairment
   • C. Its current market value in every case
   • D. Its original residual value plus the impairment loss
   Show answer

   Answer: B, The carrying amount that would have existed without the impairment. See the explanation

10. Introduction to Business

    10. What is the main distinction between raw data and information?

    • A. Data is always numerical, but information is always verbal
    • B. Data consists of unprocessed facts, while information has meaning after processing
    • C. Data is stored electronically, but information is stored only on paper
    • D. Data is confidential, while information is always public
    Show answer

    Answer: B, Data consists of unprocessed facts, while information has meaning after processing. See the explanation

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