JAIIB AFM Exam Analysis 2024, 27 October, Complete Review

The JAIIB AFM (Accounting and Financial Management) exam 2024 October-November cycle has been successfully conducted on 27 October 2024. Conducted by the Indian Institute of Banking & Finance (IIBF), this examination is part of the JAIIB certification aimed at enhancing banking professionals’ understanding of critical financial management concepts. With an extensive syllabus covering topics such as financial decision-making, working capital management, risk assessment and capital structure, the AFM exam is a bit challenging.

JAIIB AFM Exam Analysis 2024, 27 October, Overall Review

The JAIIB AFM exam conducted on 27 October had an overall moderate difficulty level, with a balanced focus on conceptual understanding and practical application. These questions required candidates to evaluate situations based on financial indicators and make informed decisions. Candidates found that proper preparation, including mock tests and practice questions, was essential to tackle the varied question types effectively. A detailed analysis of the 27 October 2024 exam can give candidates an understanding of the question trends, difficulty level and topics of high weightage.

JAIIB AFM Exam Analysis 2024, 27 October, Shift 1

The Shift 1 of the 27 October JAIIB 2024 AFM exam was moderate regarding difficulty level. In addition to theoretical questions, Shift 1 presented several numerical problems. Candidates who had balanced their preparation across theoretical concepts and numerical problems performed better in this paper. The topics from which the questions appeared in this shift are listed below.

1. AS-29
2. AS-3
3. Section 10 of the Income Tax ACT
4. LLP Registration & Firm
5. Ratio
6. Financial and Operating Lease
7. Relation Between Coupon Rate and YTM
8. Journal Entry
9. Compound and Simple Interest
10. Suspense Account Related To Bank
11. Discounting Bill
12. Golden Rule
13. Depreciation
14. LIFO
15. Forward Contract
16. Omni Channel
17. Trial Balance
18. Break Even Point
19. Management Accounting
20. Cash Budget
21. Pref Shares
22. Infra Project
23. Internal Audit
24. Contribution Formula
25. Risk Audit Assessment
26. 72 Rule
27. Life Policy Deduction US
28. LIC Insurance Premium which section?
29. Religious Charity
30. If the market rate remains constant, the return on the bond will be simple interest or compound interest?
31. Who controls GST?
32. Trust Donation Exemption
33. Standing Instruction payment happened through the bank, what is the impact on the cashbook?
34. Real Account
35. Statutory Audit
36. Cashbook
37. Bank Reconciliation
38. Bill Receivable Bills Payable Debit
39. Discount Journal
40. Calculate the number of units
41. Variance related numerical
42. Maximum number of members in private limited company
43. Trial Balance Rectification
44. The factoring factor deals with
45. Honoring of Bill entry in books of drawee
46. Quick Asset Ratio
47. AS 2 Inventory FIFO
48. GST Council
49. Deferred Tax
50. Tangible Asset
51. Bills Allotment Numerical
52. Fixed Cost Sales Numerical
53. Debt Equity Ratio
54. Trust For Charity under which section?
55. Networth Related Numerical Question
56. Break Even Sale
57. Break Even Volume
58. Revenue Receipt
59. BRS Numerical
60. Partnership
61. Cash Flow

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JAIIB AFM Exam Analysis 2024, 27 October, Shift 1: Video Link

JAIIB AFM Exam Analysis 2024, 27 October, Shift 2 & 3

After communicating with the banking and financial sector employees and the expert analysis of our faculty members, we have concluded that in the second shift, the level of questions was easy while the third shift was tough. After the JAIIB AFM Exam Analysis 2024, Shift 2 & 3, we have provided the list of questions asked in the examination.

1. Derivatives
2. AS 16
3. Ratio Analysis
4. NEO Bank
5. Minimum Private Company Members
6. Rectification Of Error
7. Prepaid Experience
8. Stock to Turnover Ratio
9. Agency Problem in Financial Management
10. Which of the following is having high cost of capital? a) Equity Share Capital b) Term Loan c) Bonds d) Pref Shares
11. Swap Agreement
12. If wages is paid for installation of machinery which account is going to debit? a) Wages Account b) Machinery Account c) Training Account d) P & L Account
13. Journal Entry
14. IRR
15. Depreciation
16. BRS
17. Current Ratio is 2.5, liquid ratio is 1.5, net working capital is Rs. 60,000. What is Current Asset?
18. Contra Entry
19. Business Entity
20. AS 3
21. Why Cash Budget is prepared?
22. YTM
23. Gross Profit
24. AS 4
25. Building Block Of Financial System
26. AS 9
27. Sub-standard Asset
28. AS 29
29. Going Concern
30. Bill Of Exchange
31. CAPM
32. Premium/Zero Based Budget
33. Debit Voucher
34. Inventory Turnover Ratio
35. 80 U
36. Fund Flow Statement
37. Who is liable to pay GST?
38. Wrong Entry Rectification
39. Calculation of Profit using FC, VC, & Sales
40. Straight Line Method
41. House Rent
42. Accrual Basis
43. Break Even Point
44. Annuity Of Due
45. Appointment Of Auditor
46. A-B-C (Endorsement)
47. GST Limit
48. Bullet Repayment
49. Golden Rule-Real Account
50. Salary Deduction
51. GST on Banking Transaction
52. Profit + FC
53. EMI
54. Gold & Silver in Bank
55. Stock Turnover Ratio
56. Impact On Net Worth
57. Which Audit is related to examining companies for court related?
58. Evaporation of Petroleum which type of loss
59. Equitable Units
60. Equity Capital
61. ITR Section Defines For?
62. Is a mutual fund considered for SLR?
63. Types Of ITR Filling
64. Compound Interest
65. Calculate Future Value
66. Cost Of Equity(Odd One Out)
67. Research & Development
68. Ind AS 107
69. Put Option
70. Ind AS 113
71. Which is a Tangible Asset? a) Cash b) Machinery c) Good Will d) Furniture
72. Cash Budget Method is used for which type of business?
73. Cooperative Society
74. WDV DEP Cost of Machinery: Rs. 20,000, Dep-20%, What will be the cost of vehicle after 5 years?

JAIIB AFM Exam Analysis 2024, 27 October, Shift 2 & 3: Video Link