## JAIIB Accounting & Finance Mock Test 1

#### Quiz-summary

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#### Information

This is free mock test for Accounting and Finance for JAIIB.

This test contains 25 questions with four options.

Click on the “Start Quiz” button below. Answer the questions and see result after submitting.

If you are looking for books for JAIIB, you should buy and study the following books by IIBF to clear your JAIIB exam:

**Principles and Practices of Banking****Accounting and Finance for Bankers****Legal and Regulatory Aspects of Banking – JAIIB**

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- Question 1 of 25
##### 1. Question

1 pointsCommission received in advance is of the nature of

CorrectIncorrect - Question 2 of 25
##### 2. Question

1 points**A money lender lent some amount in simple interest of @ 8% p.a. After 18 months, he got Rs. 14000 in full payment of interest and principal amount. Find out the sum lent by the money lender.**CorrectIncorrect - Question 3 of 25
##### 3. Question

1 points**What annual rate of simple interest was paid if Rs. 10000 earned Rs. 1100 as interest in 2 Years and 9 months?**CorrectIncorrect - Question 4 of 25
##### 4. Question

1 pointsSequence of payments made at regular periods over a given time interval is called

CorrectIncorrect - Question 5 of 25
##### 5. Question

1 pointsDue to a fall in the rate of interest from 11% to 10.5%, a money-lender’s yearly income from interest falls by Rs. 240. What is his principal amount?

CorrectIncorrect - Question 6 of 25
##### 6. Question

1 pointsUnder ‘Written Down Value method’ of Depreciation, the W D V of the asset is always

CorrectIncorrect - Question 7 of 25
##### 7. Question

1 pointsIn how many years will a sum of money double itself at 8% per annum compound Interest?

CorrectIncorrect - Question 8 of 25
##### 8. Question

1 pointsWhich of the following is not true

CorrectIncorrect - Question 9 of 25
##### 9. Question

1 pointsWhich one is not among the three pillars of BASEL II ?

CorrectIncorrect - Question 10 of 25
##### 10. Question

1 pointsAccording to IRR, undertake those investments that has highest IRR, provided the IRR is …… the cost of capital

CorrectIncorrect - Question 11 of 25
##### 11. Question

1 pointsAt a certain rate of simple interest, a sum doubles itself in 5 years. It will be four times of Itself in

CorrectIncorrect - Question 12 of 25
##### 12. Question

1 pointsWhat is the principal amount which earns Rs. 1320 as compound interest for the second year @ 10% p.a.?

CorrectIncorrect - Question 13 of 25
##### 13. Question

1 pointsA sum of money doubles itself in 16 years at simple interest with yearly rate of…

CorrectIncorrect - Question 14 of 25
##### 14. Question

1 pointsA sum of Rs. 25,400 is lent out into two parts, one at 12% p.a. and the other at 12.5% p.a. If the total annual income from interest is Rs. 3,116, the money lent at 12% is

CorrectIncorrect - Question 15 of 25
##### 15. Question

1 pointsPrivate Sector Companies can issue ………. bonds.

CorrectIncorrect - Question 16 of 25
##### 16. Question

1 pointsAccording to NPV, undertake those investments for which the NPV is

CorrectIncorrect - Question 17 of 25
##### 17. Question

1 pointsWhich is not one of the approaches proposed for measurement of operational risks ?

CorrectIncorrect - Question 18 of 25
##### 18. Question

1 pointsA sum of money at simple interest amounts to Rs. 2,800 in 2 years and to Rs. 3,250 in 5 years. Find the sum and the rate of interest.

CorrectIncorrect - Question 19 of 25
##### 19. Question

1 pointsThe method in which depreciation amount is constant is

CorrectIncorrect - Question 20 of 25
##### 20. Question

1 pointsIn SPOT, the exchange of currencies take place on

CorrectIncorrect - Question 21 of 25
##### 21. Question

1 pointsWhich is not Tax deductible?

CorrectIncorrect - Question 22 of 25
##### 22. Question

1 pointsOperation of borrowing in one centre and lending in another at higher rate, is called as

CorrectIncorrect - Question 23 of 25
##### 23. Question

1 pointsA bond carries a specific rate of interest is called as…

CorrectIncorrect - Question 24 of 25
##### 24. Question

1 pointsThe price at which two unrelated and non-desperate parties would agree to a transaction is called

CorrectIncorrect - Question 25 of 25
##### 25. Question

1 pointsWhen a currency is at premium in future or for a future value date, it is

CorrectIncorrect

## JAIIB Accounting & Finance Mock Test 2

#### Quiz-summary

0 of 25 questions completed

Questions:

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25

#### Information

This is free mock test for Accounting and Finance for JAIIB.

This test contains 25 questions with four options.

Click on the “Start Quiz” button below. Answer the questions and see result after submitting.

If you are looking for books for JAIIB, you should buy and study the following books by IIBF to clear your JAIIB exam:

**Principles and Practices of Banking****Accounting and Finance for Bankers****Legal and Regulatory Aspects of Banking – JAIIB**

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading...

You must sign in or sign up to start the quiz.

You have to finish following quiz, to start this quiz:

#### Results

0 of 25 questions answered correctly

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- Answered
- Review

- Question 1 of 25
##### 1. Question

1 pointsThe main objective of providing depreciation is

CorrectIncorrect - Question 2 of 25
##### 2. Question

1 pointsWhich of the following depreciation methods is NOT an accelerated method?

CorrectIncorrect - Question 3 of 25
##### 3. Question

1 pointsThe value which bond holder gets on maturity is called as…

CorrectIncorrect - Question 4 of 25
##### 4. Question

1 pointsAt a certain rate of simple interest, a sum doubles itself in 5 years. It will be four times of Itself in

CorrectIncorrect - Question 5 of 25
##### 5. Question

1 pointsA sum of money doubles itself in 16 years at simple interest with yearly rate of…

CorrectIncorrect - Question 6 of 25
##### 6. Question

1 pointsA capital equipment costing Rs. 200,000 today has Rs. 50,000 salvage value at the end of 5 years. If the straight line depreciation method is used, what is the book value of the equipment at the end of 2 years?

CorrectIncorrect - Question 7 of 25
##### 7. Question

1 pointsRate of return earned by an investor who purchases a bond and holds it till maturity is called as

CorrectIncorrect - Question 8 of 25
##### 8. Question

1 pointsWhat is the Present Value of Rs. 115,000 to be received after 1 year at 10%?

CorrectIncorrect - Question 9 of 25
##### 9. Question

1 pointsAt 10% p.a. 2 year discount factor is

CorrectIncorrect - Question 10 of 25
##### 10. Question

1 pointsIf 1 year discount is 0.8333, what is the discount rate?

CorrectIncorrect - Question 11 of 25
##### 11. Question

1 pointsAnnuity is defined as

CorrectIncorrect - Question 12 of 25
##### 12. Question

1 pointsPresent Value is defined as

CorrectIncorrect - Question 13 of 25
##### 13. Question

1 pointsA bond holder of a company has one of the following relationship with It.

CorrectIncorrect - Question 14 of 25
##### 14. Question

1 pointsCost of Car is Rs. 300,000, Depreciation. Rate is 10% on WDV. What is the book value of car after 3 years ?

CorrectIncorrect - Question 15 of 25
##### 15. Question

1 pointsWhich of the following investment rules does not use the time value of the money concept?

CorrectIncorrect - Question 16 of 25
##### 16. Question

1 pointsWhile recording transactions, all possible losses must be taken into consideration but all anticipated profit should be ignored. This is called as

CorrectIncorrect - Question 17 of 25
##### 17. Question

1 pointsTransaction are first recorded in the ……….. and then they are posted to the ………

CorrectIncorrect - Question 18 of 25
##### 18. Question

1 pointsAccounting assumes that the business will continue to operate for a long time in future. This concept is called as

CorrectIncorrect - Question 19 of 25
##### 19. Question

1 pointsGAAP stands for

CorrectIncorrect - Question 20 of 25
##### 20. Question

1 pointsThe set of rules for recording of events in accounts are called as

CorrectIncorrect - Question 21 of 25
##### 21. Question

1 pointsAccounting cycle includes

CorrectIncorrect - Question 22 of 25
##### 22. Question

1 pointsAccounting standard AS 6 deals with

CorrectIncorrect - Question 23 of 25
##### 23. Question

1 pointsAccounting standard AS 3 deals with

CorrectIncorrect - Question 24 of 25
##### 24. Question

1 pointsCapital at the start of business-Rs.6,00,000. At the end of the year, worth of the Assets-Rs.10,00,000 and liabilities-Rs.2,00,000. Then Capital at the end of the year……..

CorrectIncorrect - Question 25 of 25
##### 25. Question

1 pointsPrepaid expenses are shown as

CorrectIncorrect