Institute of Productivity and Management (IPM, Lucknow)

The pattern of Aptitude Test (AT) is as follows:
1. There will be three sections in the Aptitude Test namely
(A) Quantitative Ability (Multiple Choice Question-MCQ)
(B) Quantitative Ability (Short Answer Question-SA)
(C) Verbal Ability (Multiple Choice Question-MCQ)
2. Each question will carry 4 marks.
3. There will be a negative marking of 1 negative mark for each wrong answer except Quantitative Ability (SA) Section (these questions will not carry any negative marking).
4. The AT will be structured as under :
(D) QA (MCQ) : 40(Questions) in 40 Minutes
(E) QA (SA) : 20(Questions) in 40 Minutes
(F) VA (MCQ) : 40(Questions) in 40 Minutes
5. Candidate must answer the sections in a pre-specified order and this order will remain same for all the candidates.
The QA comprises the following topics like Number systems, Data Interpretation, Averages, Quantitative reasoning, Distance, Time and Work, Mixtures and Alligations, Interpretation of tables and Common graphs & charts, etc.
While the verbal Ability comprises the following as Sentence completion, Synonyms, Antonyms, Idioms, and Phrases, Comprehension of passages, Proper Usage of Words, Vocabulary, Grammar and fill in the blanks,
So for admission point of view you have to go through the all topics covered in QA and VA. The few books are can be helpful in preparation of IPMAT are given below.
1. Crack the IIM Indore IPM (Integrated Programme in Management) Entrance ExaminationPublisher dueNorth Academy
2. Wiley's ExamXpert IIM-IPM (IIM-Indore Integrated Program in Management) Aptitude TestPublisher Wiley India

Hi Nirmal, Decide what you want to be in next five years and then analyze what your options are if you were to study IPM or CA after analyzing see which course is most the compitable to your self made future image and proceed with that. IPM goes for a holistic development of the student by making him acquire knowledge and be efficient in different domains. It garners your presentation skills and boosts your overall development. It isn't focused on just one domain but many. On the other hand a CA deals in depth about the field of accountancy. It is a correspondence course to say. You study, go give your exams and then do your articleship. The presentation skills and personality development solely rests on your course of action into this. Other Comparison Areas :-
If you want to spend a less, simply you can opt for CA. It will cost 1/10 th that of IPM. You will have that much security that you will be pass out within 5 years in case of IPM, you Cant expect that from ICAI. CA. Will have a option to Practice Independently. You can always go for MBA of CFA or FRA while doing CA. So Think about the Pros & Cons and Decide accordingly.