Free Mock Test for JAIIB

JAIIB Accounting & Finance Mock Test 1

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

This test contains 25 questions with four options.

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  1. Answered
  2. Review
  1. Question 1 of 25
    1. Question
    1 points

    Commission received in advance is of the nature of

    Correct

    Incorrect

  2. 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.

    Correct

    Incorrect

  3. 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?

    Correct

    Incorrect

  4. Question 4 of 25
    4. Question
    1 points

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

    Correct

    Incorrect

  5. Question 5 of 25
    5. Question
    1 points

    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?

    Correct

    Incorrect

  6. Question 6 of 25
    6. Question
    1 points

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

    Correct

    Incorrect

  7. Question 7 of 25
    7. Question
    1 points

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

    Correct

    Incorrect

  8. Question 8 of 25
    8. Question
    1 points

    Which of the following is not true

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    Incorrect

  9. Question 9 of 25
    9. Question
    1 points

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

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  10. Question 10 of 25
    10. Question
    1 points

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

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    Incorrect

  11. Question 11 of 25
    11. Question
    1 points

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

    Correct

    Incorrect

  12. Question 12 of 25
    12. Question
    1 points

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

    Correct

    Incorrect

  13. Question 13 of 25
    13. Question
    1 points

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

    Correct

    Incorrect

  14. Question 14 of 25
    14. Question
    1 points

    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

    Correct

    Incorrect

  15. Question 15 of 25
    15. Question
    1 points

    Private Sector Companies can issue ………. bonds.

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    Incorrect

  16. Question 16 of 25
    16. Question
    1 points

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

    Correct

    Incorrect

  17. Question 17 of 25
    17. Question
    1 points

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

    Correct

    Incorrect

  18. Question 18 of 25
    18. Question
    1 points

    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.

    Correct

    Incorrect

  19. Question 19 of 25
    19. Question
    1 points

    The method in which depreciation amount is constant is

    Correct

    Incorrect

  20. Question 20 of 25
    20. Question
    1 points

    In SPOT, the exchange of currencies take place on

    Correct

    Incorrect

  21. Question 21 of 25
    21. Question
    1 points

    Which is not Tax deductible?

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    Incorrect

  22. Question 22 of 25
    22. Question
    1 points

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

    Correct

    Incorrect

  23. Question 23 of 25
    23. Question
    1 points

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

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  24. Question 24 of 25
    24. Question
    1 points

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

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    Incorrect

  25. Question 25 of 25
    25. Question
    1 points

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

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    Incorrect

JAIIB Accounting & Finance Mock Test 2

Time limit: 0

Quiz-summary

0 of 25 questions completed

Questions:

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
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  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 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:

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

Your time:

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Average score
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  25. 25
  1. Answered
  2. Review
  1. Question 1 of 25
    1. Question
    1 points

    The main objective of providing depreciation is

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    Incorrect

  2. Question 2 of 25
    2. Question
    1 points

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

    Correct

    Incorrect

  3. Question 3 of 25
    3. Question
    1 points

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

    Correct

    Incorrect

  4. Question 4 of 25
    4. Question
    1 points

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

    Correct

    Incorrect

  5. Question 5 of 25
    5. Question
    1 points

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

    Correct

    Incorrect

  6. Question 6 of 25
    6. Question
    1 points

    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?

    Correct

    Incorrect

  7. Question 7 of 25
    7. Question
    1 points

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

    Correct

    Incorrect

  8. Question 8 of 25
    8. Question
    1 points

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

    Correct

    Incorrect

  9. Question 9 of 25
    9. Question
    1 points

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

    Correct

    Incorrect

  10. Question 10 of 25
    10. Question
    1 points

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

    Correct

    Incorrect

  11. Question 11 of 25
    11. Question
    1 points

    Annuity is defined as

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    Incorrect

  12. Question 12 of 25
    12. Question
    1 points

    Present Value is defined as

    Correct

    Incorrect

  13. Question 13 of 25
    13. Question
    1 points

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

    Correct

    Incorrect

  14. Question 14 of 25
    14. Question
    1 points

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

    Correct

    Incorrect

  15. Question 15 of 25
    15. Question
    1 points

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

    Correct

    Incorrect

  16. Question 16 of 25
    16. Question
    1 points

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

    Correct

    Incorrect

  17. Question 17 of 25
    17. Question
    1 points

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

    Correct

    Incorrect

  18. Question 18 of 25
    18. Question
    1 points

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

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  19. Question 19 of 25
    19. Question
    1 points

    GAAP stands for

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  20. Question 20 of 25
    20. Question
    1 points

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

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  21. Question 21 of 25
    21. Question
    1 points

    Accounting cycle includes

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  22. Question 22 of 25
    22. Question
    1 points

    Accounting standard AS 6 deals with

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  23. Question 23 of 25
    23. Question
    1 points

    Accounting standard AS 3 deals with

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  24. Question 24 of 25
    24. Question
    1 points

    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……..

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    Incorrect

  25. Question 25 of 25
    25. Question
    1 points

    Prepaid expenses are shown as

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    Incorrect