Free Mock Test for JAIIB

Commission received in advance is of the nature of

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.

What annual rate of simple interest was paid if Rs. 10000 earned Rs. 1100 as interest in 2 Years and 9 months?

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

Due 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?

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

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

Which of the following is not true

Which one is not among the three pillars of BASEL II ?

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

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

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

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

A 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

Private Sector Companies can issue ………. bonds.

According to NPV, undertake those investments for which the NPV is

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

A 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.

The method in which depreciation amount is constant is

In SPOT, the exchange of currencies take place on

Which is not Tax deductible?

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

A bond carries a specific rate of interest is called as…

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

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

The main objective of providing depreciation is

Which of the following depreciation methods is NOT an accelerated method?

The value which bond holder gets on maturity is called as…

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

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

A 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?

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

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

At 10% p.a. 2 year discount factor is

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

Annuity is defined as

Present Value is defined as

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

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

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

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

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

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

GAAP stands for

The set of rules for recording of events in accounts are called as

Accounting cycle includes

Accounting standard AS 6 deals with

Accounting standard AS 3 deals with

Capital 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……..

Prepaid expenses are shown as