IIBF JAIIB AFM QUESTION PDF – Accounting & Financial Management for Bankers | FREE JAIIB AFM CLASSES MAY 2024
In this JAIIB post, candidates will get the important questions from the whole syllabus of the AFM paper of Junior Associate of the Indian Institute of Bankers for the MAY 2024 Exams as well as links through which they can access other free Mock Tests on other papers of JAIIB 2024.
If you find the JAIIB AFM paper difficult then you must also go through the below-given questions on Accounting & Financial Management for Bankers paper.
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CHECK IT OUT: JAIIB MAY 2024 ONLINE CRASH COURSE
IIBF JAIIB FREE AFM QUESTION PDF:
As the JAIIB 2024 Exams are going to be held from May 2024 & AFM (Accounting & Financial Management for Bankers) is the third paper of JAIIB Exams 2024, we here are bringing you some set of important questions that you should go through as AFM revision for MAY 2024.
Go through the below given multiple-choice questions once:-
| No. | Questions from JAIIB Latest Syllabus MAY 2024 | Answer |
| 1 | By which method is the Capital adequacy ratio (i.e. CAR/CRAR) required to be calculated as per the Basel framework that is applicable in India?
a. Eligible T. capital funds/risk-weighted assets b. Capital funds/risk-weighted assets c. Eligible T. capital funds/(credit risk RWA + Market Risk RWA + Operational Risk RWA) d. Paid-up capital/(credit risk RWA + Market Risk RWA + Operational Risk RWA) |
c |
| 2 | Which of the following investments is not likely to be a proper investment for temporary idle cash in hands?
a. Initial public offering (IPO) of an established profitable conglomerate b. Commercial paper c. Treasury bonds are due within 1-year d. Treasury bills |
a |
| 3 | Which of the following statements most appropriately describes the cash discount?
a. A reduction in price allowed when items are bought in bulk b. A reduction allowed for inducing someone to pay up ahead of the permitted period of credit c. A reduction in price that is permitted by 1 trader to another d. A refund of the amount over-charged when the customer’s order is invoiced |
b |
| 4 | Partnership firms whose liability does not extend to the partner’s personal assets are called by what name?
a. Limited Partnership b. Liabilities Partnership c. Limited Liabilities d. LLP: Limited Liabilities Partnership |
d |
| 5 | Dhanush borrows Rs. 5,000.00 for 2 years at 4% p.a. (simple interest). He immediately lends money to Ramana at 25/4% p.a. for 2 years. Find the gain of 1 year by Dhanush on this lending.
A. 110.50 B. 111.50 C. 112.50 D. 113.50 |
c |
| 6 | Quarterly Income Statements are required to be submitted by the borrowers who are enjoying WC limits of what amount?
a. 5 crores & above b. 10 crores & above c. 25 crores & above d. 50 crore & above |
b |
| 7 | Goods are withdrawn by the proprietor, Mr. Himesh Jackson for his personal use Rs. 800 were forgotten to be posted to the Drawings account. What is the treatment to right this situation?
a. Debit the suspense a/c with Rs. 800.00, Credit the drawings a/c with Rs. 800.00 b. Debit the drawings a/c with Rs. 800.00, Credit the suspense a/c with Rs. 800.00 c. Debit the suspense a/c with Rs. 800.00 d. Credit the drawings a/c with Rs. 800.00 |
b |
| 8 | If cash is deposited in the Farooq bank, in a 3-column cash book, on what side it will be recorded on?
a. Payment side of the 3-column cash book b. Receipt side of the 3-column cash book c. Both sides of the 3-column cash book d. It will not be recorded as it represents a contra entry |
c |
| 9 | As of 2.2.2019, the Cash Book reports a bank OD of Rs. 9,850.00 There are cheques yet to be presented & deposits are awaiting for clearance on this date amounting to Rs. 15,250.00 & Rs. 21,820.00 respectively.
a. Rs. 3,280.00 O/D b. Rs. 16,420.00 O/D c. Rs. 3,280.00 d. Rs. 16,420.00 |
b |
| 10 | By what name the Cash Flow Statement (CFS) is also known?
a. Statement of ‘Changes in Financial Position’ on the basis of Cash b. Statement accounting for variation in cash c. Both a & b d. None of the above |
c |
| 11 | Which of the following calculations/statements is incorrect when debtor turnover is calculated in terms of the time period?
a. debtor turnover is also called as debtor velocity ratio b. debtor turnover is calculated as debtor/sales x 12 c. debtor turnover is calculated as sales/debtors x 12 d. debtor turnover is called the debt collection period |
c |
| 12 | For making adjustments in respect of closing stocks, which of the following account is debited?
a. Purchase A/C b. Trading A/C c. Closing stock A/C d. Balance sheet asset side |
c |
| 13 | The net profit before tax of a firm is 200. The interest amount is 20. The tangible net worth is 300 and long-term liabilities of 400. The return on investment shall be:
a. 29.50% b. 29.75% c. 31.40% d. 32.80% |
c |
| 14 | What is the adjustment entry for booking bad debts?
a. Bad Debts Debited to P & l A/c or b. Provision for bad & doubtful a/c Debited to bad Debts c. Bad debts Debited to Debtors Cr. d. P & L A/c Debited to bad Debts Cr. |
d |
| 15 | From the following which method is used for the preparation of Trial Balance?
a. Balance Method b. T. Method c. T-cum-Balance Method d. All of the above |
d |
| 16 | Which among the following accounting concepts is observed at the recording stage (& not the reporting stage) of the transactions?
a. matching concepts b. business entity concept c. materiality concept d. matching concept |
b |
| 17 | There is a 50% increase in the principal amount in 5 years at simple interest. What will be the interest if done on a compound basis of Rs. 10,000.00 after 2 years at the same rate?
a. Rs. 2450.00 b. Rs. 2100.00 c. Rs. 1855.00 d. Rs. 2200.00 |
b |
| 18 | What is the Margin money % that is required for Education Loan > Rs.4,00,000.00 for Studies abroad?
a. No margin b. 5 % c. 10 % d. 15 % |
d |
| 19 | What type of accounting error is said to have occurred when a sale, entered in the Sales Day Book has not actually been posted?
a. Entry error b. Double entry error c. The error of duplication d. The error of principle |
b |
| 20 | Cash that is not due as income of the business is not credited to income under ______ system & cash received whether due or not is taken as income of the business under ____ system
a. Accrual, accrual b. Accrual, cash c. Cash, accrual d. Cash, cash |
b |
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LATEST JAIIB AFM STUDY MATERIAL MAY 2024
As the IE&IFS, PPB, AFM, and RBWM exams have been notified by the Indian Institute of Banking and Finance (IIBF) & this might be the last opportunity for those who had cleared their other JAIIB papers in previous attempts but could not pass AFM.
We have the perfect solution for them:
You can prepare through Learning Sessions study material for the AFM paper as well as other papers of 2024 JAIIB. We have materials for individual papers as well as combo packs that you can browse on our website or through our Android app.
Read Also:- JAIIB MAY SYLLABUS 2024
Learning Sessions AFM Video Material for the JAIIB 2024 will contain:
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The lectures are prepared as per the latest IIBF Syllabus & are arranged chapter-wise for the AFM 2024 Exams which can be accessed using mobile or Laptop. You will be getting conceptual clarity.
Access the Latest JAIIB courses for MAY 2024 to pass this time:
- Download Android App: LS PRO or IIBF LEARNING CENTER
- Download iOS App: My Institute (Code: gegkt)
- Visit the website for Exam Materials: info
| YOU MAY ALSO LIKE: | |
| JAIIB MAY 2023 | Mega Classes |
| JAIIB AFM Notes-1 | Notes-1 |
| JAIIB Previous Year Question | Ques |
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