13 May 2016
The Institute has decided to introduce the criteria of negative marking for wrong answers attempted by the candidates for the three subjects of OMR based examination of the Executive Program viz.,
(i) Cost and Management Accounting; (ii) Tax Laws and Practice; and (iii) Industrial, Labour and General Laws
papers with effect from December, 2015 Examinations onwards as under:
Negative marking will be made in the ratio of 1: 4, i.e., deduction of one (1) mark for every four (4) wrong answers or proportion thereof;
Negative marks would be limited to the extent of marks secured for correct answers so that no candidate shall secure less than zero mark in the above subjects;
Total marks obtained in fraction would be rounded up to next whole number.