The CPT or Common Proficiency Test is the first level of Chartered Accountancy examinations in India.
Eligibility - A person can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12)
Test model - It is an objective type examination and consists of 200 multiple choice questions. CPT covers four basic subjects divided into two sections viz.
1.Accounting (60 Marks) + Mercantile Laws (40 Marks)
2.Economics (50 Marks) + Quantitative Aptitude (50 Marks).
Every incorrect answer on the CPT exam carries a 0.25 negative mark. A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate, in all the four Sections to pass the Common Proficiency Test.
Exam dates - CPT exams are held in June and December
Exemption - But with effect from 3rd Aug 2012, CPT is exempted for the Graduates, Post Graduates and the students having equivalent degrees. Commerce graduates with 55% and other graduates with 60% can take direct admission for IPC.