JAIIB-AFB-RECOLLECTED QUESTIONS

Junior Associate of the Indian Institute of Bankers ( JAIIB) 2020– The Indian Institute of Banking and Finance has invited the online application from the applicants for its course JAIIB- Junior Associate of the Indian Institute of Bankers. JAIIB is a  Flagship course by IIBF for those who are already bankers. As the application form is out, without wasting much time, its time to start your preparation.

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JAIIB 2020 Subjects and Exam Dates:

JAIIB-AFB-RECOLLECTED QUESTIONS FROM 12.05.2019

• 5-10 questions from Depreciation
• Two marks from Payback period NPV
• Basis of accounting 0.5 theory
• Foreign currency  2 to 3 questions. Each one mark.
• Asset is a …… Source of funds/Use of funds*/Cash inflow/None of these
• Types of accounts in profit and Loss account …… Only real account/Only nominal account*/Some real some nominal/Only personal
• From E-KYC – 5 questions
• WDV method of Depreciation
• Population of city – current year 24 lakh. Increasing 7% yearly. What will be the population After 6 years, What was the populations before 4 years and difference between those years.

Ans. By Using Compound Interest Formula,

Population after 6 years at 7% interest

A = P(1+r)^t

    = 2400000 (1+0.07) ^ 6

    = 2400000 x 1.50073

= 3601753

Population before 4 years at 7% interest

If P(1+r)^t = 2400000, find P

P (1.07)^4 = 2400000

P (1.3108) = 2400000

P = 2400000 / 1.3108

P = 1830943

Difference between the two years

3601753 – 1830943

= 1770810

• Accounting concepts – 3 to 4 questions
• Going concern
• Conservatism
• Business entity
• 1$ = _____ rupees, 100 rupees how much
• Foreign exchange 3 marks
• Current Ratio
• Accounting standards
• Cash book passbook difference
• Cash book – standing instructions won’t come under cash book
• Yield to maturity
• Banking definition comes under which act? Banking Regulation Act, 1949
• Types of errors – Match the following – 5 Marks
• 3 marks on Computer
• Calculation of of Future Value – 1 Mark
• Coupon rate and current yield – 3 Marks
• Opening stock closing – 4 Marks

• Ratio Analysis – 2 Marks
• Compound interest – 1 Mark
• Type of accounts – 5 Marks
• Debit credit…accounts – 5 Marks
• Trademark… Under which account
• Error classification
• Question on tangible
• Population based compound
• Shares, debentures based problems
• Definition of annuity
• Many questions from capital shares
• 1$=71.*** and 1$= 22.*** singapore dollar. What is the value of INR for 1spdollar
• Current assets-2:1 quick ratio -1.5:1 current liabilities 160000 inventories??
• Bond related interest 12% face value 5000 market price 4500= current yield?
• Some present anuity due present ordinary and also future annuity ( 1 mark each)
• Calculate  net profit cost of goods sold
• Some question from cost concept, business going
• outsourcing of service in bank
• Market price of bond 4500 face value 5000 coupon rate 12% current yield?? – 13.33% (YTM = 12/100)*(5000/4500)
• Debt service coverage ratio formula parts were asked
• Equence of payment=annuity
• Future value annuty Due
• Zero Coupe Bond
• Forward rate
• Bill of exchange
• Balance sheet related questions
• Subsidy Book
• FCIL (Food corporation) type of company
• Non-Voting Share
• Computer/Hardware/Software
• Front office/Back Office
• KYC/Risk Category
• Small a/c max Withdral in a Month
• Cheque Collection days 7/10/14
• Vault/Custody Key
• DEAF Account
• Certificate of deposit
• Floating rate
• CBS related questions
• IND-FIU. (Txn 10 LAC in month)
• If the 1 year discount factor is 0.8333, what is the discount rate (interest rate) per year? a. 10%/b. 20%/c. 30%/d. None of the above
• Problem of ARR
• Prime entry
• Face value 100, Coupon rate 12%, For 5years, ROI 15%, Bond value..??
• 1$= rs 69.77/79, 1$= HKD 7.7640/41, 1HKD = Rs??
• In Clerical errors, Error of commission, Error of ommision, And 3rd one is ???
• 1$= Rs 69.2135/ 69.3525, 100Rs =….$?
• Company related questions  reg partnership, registration, members
• Customer service questions
• NPB & IRR problems
• WDV & sum of digits
• Principle 10000 after 3 yrs it’s 16000 which is compounded annually…Find r after 3 yrs ??
• 2 problems on ratios
• Balance sheet 1 problem
• YTM & bond value 2 problem
• Rent receivable what account
• Real & nominal related questions
• Accounting in CBS
• Rectification of error
• Officialy valid documents
• Minor can operate acount – 10 yrs
• promisiry note two party 1 maker 2 payee
• straight line method formula
• BCSBI
• Which type of account can not be opened for FCNRB?
• Advantages of computer accounting
• Data definition
• What is the meaning of voucher posting in Banking?
• What is CLIF?
• Which one is not considered as OVD? How can a customer open Account without any OVD?
• What are the document required to be collected for sole proprietor current account?
• Pension fund management by bank
• Which one does not come under parabanking activities?
• Why all banks have account in other bank?
• Accounting concepts example

Best way to prepare for any exam is to go through Recalled questions and practice them.

Prepare with,

• JAIIB ALL SUBJECTS (PPB+AFB+LRB) JAIIB 2020 LIVE CLASSES BILINGUAL
• JAIIB COMBO (ALL SUBJECTS) | JAIIB 2020 | LIVE CLASSES | BILINGUAL