Official ICAI · Paper 4 · 3 sessions

ICAI CA Foundation — Business Economics Past Papers & Suggested Answers

Every published exam session for Business Economics, newest first — with direct links to ICAI's own Suggested Answer, Examiner Comments and Question Paper PDFs. Most recent: January 2026.

Paper 4 100 marks 3 hours 100% objective · 0.25 negative marking

Business Economics subject guide

Every Business Economics exam session

3 of 3 have an official Suggested Answer

What Business Economics covers

The 10 chapters ICAI examines in this paper under the New Scheme. Every past paper above is set from this syllabus.

1 Introduction to Business Economics
2 Theory of Demand and Supply
3 Theory of Production and Cost
4 Price Determination in Different Markets
5 Determination of National Income
6 Business Cycles
7 Public Finance
8 Money Market
9 International Trade
10 Indian Economy

Official ICAI study material for this paper

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