In the CMA Final Syllabus 2022, Group IV includes one elective paper (Paper 20) from the following options:
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Paper 20A: Strategic Performance Management and Business Valuation (SPMBV)
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Paper 20B: Risk Management in Banking and Insurance (RMBI)
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Paper 20C: Entrepreneurship and Startup (ENTS)
Regarding which paper is considered "best" or "easiest" for boosting marks, student perspectives and faculty advice generally highlight the following:
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Strategic Performance Management and Business Valuation (20A): This is the most popular choice among students. It is often preferred because it is a mixture of theory and practical/analytical content, which some students find more engaging and easier to study than purely theoretical subjects. Many students also find it conceptually connected to other subjects in the curriculum.
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Entrepreneurship and Startup (20C): This subject is primarily theory-based. Students who enjoy entrepreneurship concepts and prefer a theory-heavy subject over problem-solving often find this a good choice.
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Risk Management in Banking and Insurance (20B): This subject focuses on banking and insurance products. It is generally perceived as a more specialized theoretical paper.
Recommendation for your decision:
The "best" elective depends largely on your personal interest and strengths.
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If you prefer analytical and numerical work, 20A is often recommended.
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If you have a strong interest in theory and startup frameworks, 20C could be a more comfortable and interesting choice.
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It is highly recommended that you review the study modules for each option on the ICMAI official website before enrolling, as your personal comfort with the content will be the biggest factor in scoring well.