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AFB Previous Year Question Papers Accounting & Finance for Banking PDF

JAIIB AFB Previous Year Question Papers Accounting & Finance for Banking PDF

If you are starting with the preparation for JAIIB then we suggest that you should also prepare from JAIIB Question Papers of Previous Years to know the level & kind of questions that IIBF expects from its Junior Associate

You can also find the JAIIBs solved papers of the other two subjects here that will assist you in understanding the Exam pattern and the level of difficulty of the papers usually possess.

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JAIIB AFB PREVIOUS YEAR QUESTION PAPERS

You are free to download the PDF files of JAIIBs Accounting & Finance for Banking Previous Year Question Papers from the below links:

JAIIB AFB Previous Questions And Answers PDF
JAIIB AFB Previous Questions And Answers pdf for May 2022 Click Here

 

We also advise you to read the following important questions of AFB before you appear in the exams:

No. AFB Previous Year Questions Papers Answer
1 Federal Reserve Board is the regulator of the banking system in:

  1. India
  2. Europe
  3. United States
  4. Britain
c
2 A bank can hold as mortgagee, pledgee, or absolute owner of shares of a company, maximum to the extent of:

  1. 30% of paid-up capital of the bank and 30% of paid-up capital of the company, whichever is lower
  2. 30% of paid-up capital of the bank and 30% of paid-up capital of the company, whichever is higher
  3. 30% of paid-up capital of the bank and 30% of paid-up capital of the company, whichever is higher
  4. 30% of paid-up capital + reserves of the bank and 30% of paid-up capital of the company, whichever is lower
a
3 When a manufacturer of a product keeps the product price at a higher level considering that the buyers would perceive the product to be of better value and quality, this is called _______ pricing.

  1. Geographical pricing
  2. Promotional pricing
  3. Market skimming pricing
  4. Psychological pricing
d
4 Tele-banking facility is provided by banks through bank computers based on which of the following:

  1. Voice processing
  2. Brick and mortar processing
  3. Internet processing
  4. Virtual banking
a
5 Under the Prevention of Money Laundering Act 2002, the banks are required to maintain a record of cash transactions of the value of:

  1. Rs.50000 and above
  2. Rs.1 lac and above
  3. Rs.10 lac and above
  4. Above Rs.10 lac
d
6 A microenterprise having sales of Rs.36 lac and Rs.50 lac for the last two years respectively has projected sales of Rs.60 lac and wants to have a bank limit enhanced from the existing Rs.8 lac to

Rs.11 lac. What amount of limit can be sanctioned and what is the margin requirement:

  1. Limit Rs.10 lac, margin Rs.2.50 lac
  2. Limit Rs.12 lac, margin Rs.3.00 lac
  3. Limit Rs.12 lac, margin Rs.5.00 lac
  4. Limit Rs.15 lac, margin Rs.2.50 lac
b
7 Bank’s obligation to pay the cheque drawn by the customer u/s 31 of NI act exists in which of the following circumstances:

  1. When the amount in words and figures differs
  2. When there is a notice of death of the customer
  3. When an attachment order has been received
  4. When the signatures of the drawer are genuine but differ
a
8 Two companies are merged. One of these is a supplier of goods to the other. This merger is known as:

  1. Horizontal merger
  2. Vertical merger
  3. Conglomerate merger
  4. Concentric merger
b
9 Which of the following may not be part of the Bank reconciliation process?

  1. Interest on overdraft
  2. Dishonor of cheque
  3. Cash drew from a bank
  4. Cheque deposited but not collected
c
10 The Indian insurance industry is run on globally acceptable standards and for that purpose, IRDA carries the following functions: (which one is not correct):

  1. Registration of insurance
  2. Solvency margins of insurance
  3. Conduct of reinsurance business
  4. Functions as insurance Ombudsman
d
11 Which of the following is true?

  1. Bank Reconciliation Statement (BRS) is an account.
  2. BRS is prepared by the bank.
  3. BRS shows causes of disagreement between cash book & passbook.
  4. BRS shows only excess cash book over passbook.
c
12 Direct deposit by a customer in the bank

  1. Shows a higher passbook balance than cash book.
  2. Shows a lesser passbook balance than a cash book.
  3. Shows no difference.
  4. None of the above.
a
13 A document is executed outside India and it requires payment of stamp duty in India. The duty can be paid on this document within:

  1. Before it is used in India
  2. Immediately when the document enters India
  3. Within 4 months from the date of its execution abroad
  4. Within 3 months of its entry into India
d
14 A customer of a bank placed certain funds with the bank for the purchase of certain securities. Bank started the purchase of securities as per instructions of the customer. But before the purchase of securities for the entire amount could have been completed, the bank failed. The relationship of the customer in this case with the bank is that of?

  1. Agent- principal
  2. Bailor- bailee
  3. Beneficiary- Trustee
  4. Creditor- debtor
c
15 Sales return of amount Rs.1000 from Vijay was wrongly entered in purchase book. The rectification is

  1. Debit sales to the extent of Rs.2000.
  2. Credit purchases to the extent of Rs.2000
  3. Credit Vijay Rs.2000, debit sales and purchases to the extent Rs.1000, each.
  4. Debit sales return by Rs.1000 and credit purchases by Rs.1000
d
16 In wholesale banking, banks normally do not deal with which of the following:

  1. Corporates including multinationals
  2. Trading houses
  3. Prime public sector companies
  4. None of the above
d
17 Suspense a/c is not used in which of the following cases.

  1. Before trial balance.
  2. After trial balance.
  3. Before final accounts.
  4. None of the above.
a
18 Which of the following are true?

  1. Nominal accounts always have credit balances.
  2. Real accounts always have debit balances.
  3. The debit balance in the ledger account is a credit balance in the trial balance.
  4. P&L a/c appears in the trial balance.
b
19 Global depository receipts are listed on _____ stock exchanges:

  1. American
  2. European
  3. Asian
  4. Indian
b
20 Under the on-site model, the banks are evaluated by RBI on the basis of important parameters called CAMELS. Which among the following does not match:

  1. C – Capital and reserves of the bank
  2. A – Asset quality
  3. E- Earning
  4. L- Liquidity
a

 

Read Alos:- jaiib previous year question papers with answers

EXAM DETAILS OF JAIIB

As you may know, IIBF has postponed the November 2021 JAIIB Exams to January 2022. The dates for exams for Paper-I (PPB), Paper-II (AFB) & Paper-III (LRAB) are 08.01.2022, 09.01.2022, and 22.01.2022 respectively.

You can check the official notification of Exam dates for JAIIB by clicking on the link here:- JAIIB 2022 EXAM OFFICIAL NOTIFICATION

So, while preparing for the upcoming JAIIB EXAMS you should make use of the Mock tests to get into exam mode. Here, you will also find some previous year’s questions prepared by the Learning Sessions.

IMPORTANT LINKS:

Accounting and Finance for Bankers (PPB)
JAIIB (PPB) Sample Questions for Jan 2022 Get Here
Legal and Regulatory Aspects of Banking (LRAB)
JAIIB (Legal) Sample Questions for Jan 2022 Get Here
JAIIB AFB Previous Year Question Papers PDF
JAIIB AFB Previous Year Questions Answers pdf for May 2022 Click Here

 

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