JAIIB 2024 YEAR QUESTIONS PAPER FULL ANALYSIS | JAIIB EXAM PREPARATION 2024

JAIIB 2024 Previous Year Questions Paper Analysis

In this article, you will know about Jaiib previous year’s questions paper deep analysis. Analysis of the previous year’s questions is essential for exam preparation because it shows the test’s structure, layout, and other elements.

It has been challenging to determine how to analyse the previously conducted articles because of the revised JAIIB/CAIIB pattern and syllabus.

We presume that you have already started your exam preparation as the IIBF has released the exam and registration dates for the JAIIB May 2024 exam.

While previously there were three subjects PPB, AFB and LRAB. Now we have IE & IFS, PPB, AFM and RBWM. Seemingly except for PPB, all subjects have changed but this is not the case.

Many subjects have been rearranged as a result of the change in the syllabus of JAIIB, However, the basic structure largely stays the same.

Why Jaiib previous year’s questions should be analysis?

1. To learn more about the exam’s level of difficulty.
2. Aids in developing a plan for answering questions.
3. Familiarises oneself with the paper’s design.

Before beginning to analyse the PYQs, it is important to first understand what has changed and what has not.

How to analyse PYQs of JAIIB 2024?

Upon checking the syllabus of the Indian economy and Indian financial system you’ll find the similarity between the topics of previous and latest subjects.

IE & IFS i.e., Paper I is similar with:

1. CAIIB 2024 Paper I: ABM, here is how: Module B (Economic concepts related to the banking) of IE & IFS and Module A (Economic analysis) of ABM 
2. JAIIB 2024 Paper I: PPB, here is how: Module D (Financial products & services) of IE & IFS and Module A (Indian financial system) of PPB 
3. Remaining: PPB and LRAB of JAIIB 2022 are somewhat similar to several of the chapters and themes. 

PPB I.e., now Paper II is similar with:

1. JAIIB 2022 Paper II: AFB, here is how: Module A (General banking operations) of PPB a bit matches the Module D (Banking operations) of AFB.

• The syllabus for PPB no longer includes the Indian financial system and Support Services-Marketing of Banking Services/Products (Module A & D of JAIIB 2024). 
• Ethics in banks and financial institutions and general banking operations (Module A) were introduced (Module D) 

AFM i.e., Paper III is similar to It’s then counter AFB, there is only one newly introduced module i.e., Taxation and fundamentals of cost while the remaining modules are the same as they were in AFB of JAIIB 2024.

RBWM i.e., Paper III is a newly introduced subject so you may not find any help from the previous year’s questions however, some chapters of this subject can be found to be in the CAIIB electives.

Conclusion

With the above-mentioned points, we could easily figure out that many parts of the JAIIB 2022 syllabus are still relevant so the PYQs are needed to be analysed even if any module from any subject has been removed then it’s found to be introduced in some other subject. 

Modules of some subjects seem to be matching with the previous subject of CAIIB 2024, candidates can refer to our post to analyse questions based on those topics.

So going through PYQs wouldn’t be a waste of time. Also, we have clearly defined afore and in our other post what has been completely removed, what has been shuffled and what has been newly introduced so you can choose to skip, and find questions based on that.

Let’s get started with analysing the topics from JAIIB 2024.

Learning sessions mock test series

Obtaining previous year’s questions can be challenging because they are not readily available. But fear not, as many candidates for learning sessions appear each year for the JAIIB/CAIIB tests. Ashish Jain, the founder of learning sessions, too appeared for these exams and cracked the test on his first try.

Because of their strong ties to the applicants, our highly qualified team can assemble questions from the previous year and include them in our test series.

You can take the following test series:

1. Previous year questions as Memory recalled questions
2. Chapter-wise and module-wise practice exams
3. Full-length practice questions

The questions are fully up to date, meaning those mock tests have been designed after analysing the older & newer syllabus and previous year’s questions. 

The primary reason to choose our main test series is that even though we have made it clear that there are no fundamental changes to the exam, numerous subjects and modules have been moved around, which may leave applicants confused and with a disorganised collection of the material they sought.

Our test bank is completely current, and the questions were organised after studying the exam the PYQs and older and newer syllabi.

Another reason to choose our mock test series is that it is cost-effective and proves to be resourceful as it going to save your time and effort.

The topics mentioned below are from both shifts.

PPB (Principles and practices of banking)

PPB’s difficulty level was considered in Nov 2024. The paper had 4 to 5 numerical questions, 8 questions based on IT, CRR SLR based 5 questions, 3 to 4 working capital, NPA-based questions ranged 3 and so did questions from factoring and forfeiting. The topics on which most of the questions were based are as follows:

1. Personal ethics 
2. Bailment 
3. Call rate 
4. Power of attorney 
5. Mandate
6. Ombudsman 
7. REER
8. TREDS
9. Artificial intelligence 
10. Cash management system
11. Priority sector lending
12. SHG (Below the poverty line)
13. NPA provisioning
14. CGTMSE
15. MID
16. Tier 1 capital 
17. Smart card
18. Negotiable instrument act
19. Joint accounts
20. Ethics and values 
21. Specials mention accounts
22. Cheque 
23. APY
24. DEAF
25. FCSOIS
26. RSETI
27. Housing loan interest rate
28. Morale judgment theory 
29. Promissory notes
30. Counterfeit notes
31. Bank (Definition)
32. Regulation of an Insurance
33. Facilitation of a Business
34. Ombudsman (appointment) 
35. Digital app (RBI)
36. FEMA (Ministry governing) 
37. HASHD 
38. KVIC 
39. Bank guarantee and LC
40. Ethics in a Business 
41. Clayton’s rules
42. Atal pension yojana
43. APL & BPL
44. LC days calculation 
45. Former & survivor 
46. Mortgage, hypothecation and pledge in an act 
47. Wholesale banking 
48. MKIS subsystem 
49. Empty nest 
50. Full nest 
51. Pricing 
52. Types of LC
53. Drawee banks 
54. Cash management service 
55. Operation mode in Joint accounts 
56. Partnership firm upon the death of a partner 
57. AS18
58. Push and Pull strategy in marketing 
59. Bill discounting 
60. PoA and mandate (Difference)
61. Export packaging 
62. Maximum amount (RRB gold loan) 
63. Duplex
64. CKYC
65. Digital signature 
66. ADR
67. Offshore banking 
68. Fire insurance 
69. Code of conduct 
70. Workplace ethics 

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AFB (accounting and finance for bankers) 

Most of the questions in this paper were based on the topics from Module B of AFB. There were more theoretical-based questions rather than numerical based. The overall layout of the paper was found to be moderate. The numerical questions’ frequency ranged from 18 to 20. Major topics on which numerical questions were based were balance sheets, profit and loss, accounting concepts, etc. Then there were some other major topics like Shares from which nearly 5 questions were framed, Banking reconciliation had the most weightage ranging 7 questions from this topic, there were 4 to 5 questions based on ratio analysis, there were 2 to 3 questions based on features of bond, YTM, adjustment entry, depreciation, BRS, convention and current ratio and accounting. There were single questions based on capital busting, forex, EMI and spot rate. In the second shift, nearly 10 questions were KYC based. 4 to 5 questions were based on column matching framed from topics like Golden Rules, Nominal & Real A/c, and Forex.

Here are the topics from which questions in the exam were framed:

1. Sinking fund 
2. Features of bond 
3. Preference share 
4. NPV & IRR
5. Debt-equity ratio
6. Errors
7. Accounting concepts and convention 
8. Current account 
9. Present value 
10. Indirect quote
11. Accounting standards and accounting principles 
12. Concept of conservatives 
13. Banking manuals 
14. Error of commission
15. Customer risk 
16. Ratio analysis 
17. Spot rate
18. YTM 
19. Capital busting
20. Future Value
21. Capital bud
22. Time value of money 
23. Asset category 
24. Balance sheet 
25. Profit and loss 
26. Parties’ disclosure 
27. Housing loan LTV ratio 
28. Data security 
29. WDV and SLM 
30. Interest earning 
31. Payback period 
32. Forex (TOM/Cash/spot/forward)
33. Quick asset
34. Forfeiting 
35. Current ratio 
36. Cheque collection policy 
37. Net profit
38. Cash flow 
39. KYC guidelines
40. Journal entries
41. Inventory turnover ratio 
42. Balance sheet
43. EMI 
44. Discounting method 
45. Future Value 
46. Debit voucher 
47. CBS
48. eKYC
49. Cash flow statements 
50. Materiality 
51. Promissory note 
52. Retirement bill
53. Types of petty cash 
54. Capital budgeting 
55. Bonus share
56. Interest earning
57. Overdraft 
58. Passbook & Cashbook 
59. Back end and front end 

LRAB (legal and regulatory aspects of banking)

LRAB is no more a part of JAIIB still you may find questions analysis of this paper resourceful in case you’re going to appear for CAIIB BRBL.

Most of the questions in this paper had moderate to tough levels. Following are the topics based on which questions were framed:

1. Ombudsman tenor 
2. Copra act 
3. ARC
4. Companies Act
5. Integrated ombudsman 
6. Minor in partnership 
7. Partnership
8. Definition of Company
9. RTI
10. Holder in Due course
11. RBI Act
12. NPA
13. Collecting Banks 
14. Unregistered partnership firm
15. Bank Guarantee
16. Partnership Act
17. Companies Act
18. Limitation Act 1963
19. MOA Clause
20. Companies Act
21. LLP 
22. FEMA
23. DRT
24. Contract indemnity guarantee
25. Bankers book evidence act 
26. Difference between indemnity and guarantee 
27. DRT Amount limit
28. Powers of the recovery officer
29. Ombudsman 
30. Question on TDS
31. Demand draft defined in a sec?
32. Conversion
33. Question on Mortgage
34. Registration fill duration
35. Question on assignment
36. Lots of questions from Partnership
37. CAD
38. Indemnity 
39. Principle of Corporate Personality 
40. DRT not applicable
41. Payment in due course
42. Deferred Payment Guarantee
43. Financial Guarantee
44. Documents title to goods
45. Case queue on Bearer Cheque
46. Lok Adalat
47. Bankers book evidence act 
48. Difference between indemnity and guarantee 
49. DRT Amount limit
50. If a minor opted to join as a partner after earning a degree. Six months following the date of reaching the age of majority, his obligation begins.
51. Bill of exchange Limitation
52. SFB Capital
53. Presiding Officer
54. Eligibility of Chairman of DRT
55. Who corrects a clerical error in DRT
56. Asset Reconstruction Company
57. The presiding officer of DRT 
58. What sort of accounts can a liquidator maintain with the bank? Current or saving? current air conditioning
59. Can a trust join a partnership firm as a partner?
60. No. For how many years are records need to be retained by banks? 
61. Difference B/w MOA and AOA
62. The doctrine of Indoor Management
63. Priority Waterfall
64. Pledge
65. Equitable Mortgage
66. Simple Mortgage
67. RTI fee
68. IBBI
69. Cessation of Membership
70. Contract to Minor
71. Exporter’s Bank Name