The CMA Foundation level consists of all multiple choice questions only. There will be hundred questions in total of one mark each in one particular session. There is no negative marking for incorrect answers and answering all questions will be mandatory. Combining both the sessions, this exam attributes to be of two hundred marks in total. The exam will be taking place in two sessions, both on the same day in different time slots. In the morning session, Paper 1 and Paper 2 will be held while in the afternoon slot, Paper 3 and Paper 4 will be taken place with a gap of one hour between both the sessions.