Reality of ICAI MCQs I Truth Behind MCQ Questions I CA SHANKAR LAKHWANI

Summary

In this motivational video, the speaker shares his impressive scores in DT and IDI's MSQ exams, encouraging viewers to prepare for the MSQ exam efficiently. He advises focusing on understanding concepts rather than memorizing from the MSQ booklet, emphasizing that a strong grasp of the syllabus is crucial for success.

Takeaways

• 📚 The speaker emphasizes the importance of preparation for the CA (Chartered Accountant) exams, particularly focusing on the MCQ (Multiple Choice Questions) section.
• 🎯 The speaker scored 29 out of 30 in DT (Direct Tax) and 22 out of 30 in ID (Indirect Tax) MCQs, indicating a strong performance.
• 📈 The speaker suggests that one should not rely solely on the ICAI (Institute of Chartered Accountants of India) MCQ booklet and should also use other resources for preparation.
• 📝 It is advised to first ensure a solid understanding of the syllabus and then proceed to solve MCQs from the ICAI booklet or other sources.
• 🤓 The speaker warns against the misconception that one must cover 100% of the syllabus; instead, focus on understanding 70% thoroughly.
• 📉 The speaker mentions that if one has a strong conceptual understanding, even without referring to the ICAI MCQ booklet, they can still perform well in the exams.
• 🚫 The speaker discourages the idea of solving MCQs based on fear of the unknown and emphasizes the importance of confidence in one's preparation.
• 📚 The speaker advises not to worry about special or tricky points in the ICAI MCQ booklet that are not covered in the regular syllabus.
• 🔑 The speaker stresses that the key to success in the CA exams is a strong conceptual understanding rather than memorizing answers from the MCQ booklet.
• 📈 The speaker encourages the audience to trust in their preparation and not to be overly concerned with the MCQ booklet or external resources.
• 👍 The speaker ends with an encouraging note, urging the audience to keep studying and learning, promising to cover all topics in the next video.

Q & A

What were the speaker's scores in DT and IDI's MCSQ exams?

The speaker scored 29 out of 30 in DT's MCSQ exam and 22 out of 30 in IDI's MCSQ exam.

What is the speaker's strategy for covering all topics in the video?

The speaker plans to cover everything in the video, suggesting a comprehensive approach to preparing for the MCSQ exam.

What does the speaker suggest about the importance of the MCSQ booklet for the ICAI exam?

The speaker emphasizes that the ICAI MCSQ booklet is crucial and can help in solving the exam without touching the booklet, indicating its significant role in exam preparation.

What is the speaker's advice for students who have not prepared well for the MCSQ exam?

The speaker advises such students to focus on understanding the concepts and not to worry about solving every question from the MCSQ booklet.

What is the 'Two-Step Test' mentioned by the speaker?

The 'Two-Step Test' is a strategy where the speaker suggests passing the test on any subject before attempting the MCSQ, ensuring a solid understanding of the syllabus.

Why does the speaker discourage students from relying solely on the MCSQ booklet for the ICAI exam?

The speaker discourages this because relying only on the MCSQ booklet might lead to missing out on understanding the concepts, which is essential for the exam.

What is the speaker's view on the fear associated with the MCSQ exam?

The speaker believes that there is no need to fear the MCSQ exam and encourages confidence in one's preparation, emphasizing that understanding concepts is more important than memorizing questions.

How does the speaker address the issue of covering the entire syllabus for the ICAI exam?

The speaker suggests that it is not necessary to cover 100% of the syllabus but to focus on understanding the concepts well.

What is the speaker's advice regarding the use of reference books and applications for the MCSQ exam?

The speaker advises against relying too much on external references or applications and instead emphasizes the importance of understanding the concepts from the syllabus.

What is the speaker's final advice for students preparing for the ICAI exam?

The speaker's final advice is to focus on understanding the concepts, not to worry about solving every question, and to have confidence in one's preparation.