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CAIIB ABFM MCQs 2024, Module A Questions for Advanced Business and Financial Management

We have provided the CAIIB ABFM MCQs 2024 for Advanced Business and Financial Management Paper. Go through the article for CAIIB ABFM Exam MCQs.
authorImagePriyanka Dahima10 Jan, 2025
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CAIIB ABFM MCQs 2024

CAIIB ABFM MCQs 2024: Certified Association of Indian Institute of Banking, known as CAIIB, is one of the major events held by IIBF twice a year, usually in June/December. The purpose of the exam is to improve the knowledge of IIBF members in the field of asset management, credit management, international banking and balance sheet management.

The foundation of knowledge and skills already acquired provides a strong foundation for preparing for the CAIIB exam. Here we have been discussing the CAIIB ABFM MCQs 2024.

CAIIB ABFM MCQs 2024

Completing CAIIB ABFM MCQs 2024 is an integral part of exam preparation. Physics Wallah CAIIB ABFM MCQs simulate real exam experience. With CAIIB MCQs for Advanced Business and Financial Management (ABFM) paper By PW, candidates can assess their understanding, identify areas that need improvement and also refine their exam preparation strategies. CAIIB 2024 MCQs are ultimately useful in the mains exam.

CAIIB ABFM MCQs

The questions cover the CAIIB ABFM exam syllabus, provide a realistic exam experience and familiarize you with the latest exam patterns. CAIIB Advanced Business and Financial Management questions allow candidates to engage in extensive practice, strengthen their conceptual understanding and increase their confidence. The CAIIB Advanced Business and Financial Management exam consists of 100 questions and each question carries 1 mark. CAIIB ABFM exam duration is 1 hour and there is no negative marking. Have a look at the CAIIB ABFM MCQs prepared by our faculty experts. Q1. Which of the Following Function of management comprises of four elements that is, Leadership, Motivation, Communication and Supervisioon? a) Planning b) Organizing c) Staffing d) Directing e) Controlling   Ans: d) Directing Q2. Which of the following function of management involves following four steps?
  1. Establishing performance standard,
  2. Measurement of actual performance,
  3. comparison of actual performance against the established standards
  4. Taking corrective actions to achieve the desired objectives.
a) Planning b) Organizing c) Staffing d) Directing e) Controlling   Ans: e) Controlling Q3. Which of the following needs does not fall within the classification of 'Maslow's hierarchy of needs'? a) Physiological Needs b) Safety Needs c) Self - actualization d) Directing   Ans: d) Directing Q4. Which of the following needs is considered the most fundamental and essential for human survival? a) Safety Needs b) Love and Belongingness Needs c) Esteem Needs d) Physiological Needs  Ans: d) Physiological Needs Q5. Which of the following is also known as Two-Factor Theory or Satisfier-Dissatisfier Theory of Motivation and behaviour? a) Douglas Mcgregor's X & Y Theory b) Maslow's hierarchy of needs c) Motivation- Hygiene Theory d) None of These  Ans: c) Motivation- Hygiene Theory Q6. The organizing stage of the management process involves which of the following? a) Monitoring performance  and measuring results b) Settling organizational goals and objectives c) Arranging and allocating resources effectively d) Developing detailed plans to guide activities  Ans: c) Arranging and allocating resources effectively Q7. How does strategic management impact resources allocation in an organization? a) It priorities resource allocation based on the preferences of top management. b) It lead to resource allocation solely based on short-term profitability. c) It helps efficiently allocate resources to activities that align with strategic priorities. d) It limits resources allocation to research and development projects.  Ans: c) It helps efficiently allocate resources to activities that align with strategic priorities. Q8. which of the following sums up the Management definition the best? a) The procedure of creating items and manufacturing them. b) The skills of persuading clients to buy goods and services. c) The process of directing and correcting employees. d) The method of organizing, coordinating and planning resources to meet objectives.  Ans: d ) The method of organizing, coordinating and planning resources to meet objectives. Q9. What is the main reason for setting performance standards in the management controlling process? a) To estimate the number of workers required for a certain task. b) To find areas of concern with the organization's planning procedure. c) To compare actual performance to predetermined standards and evaluate it. d) To set the monetary budget for the following year.  Ans: c) To compare actual performance to predetermined standards and evaluate it.

CAIIB ABFM MCQs 2024<span style=

Q1. Where can I get the CAIIB ABFM MCQs 2024?

Ans. You can get the CAIIB ABFM MCQs 2024 at our PW Blogs.

Q2. How many papers are there in CAIIB Exam?

Ans. CAIIB Syllabus includes 4 compulsory papers and 1 elective paper. We have discussed all of them below- Paper 1: Advanced Bank Management(ABM) Paper 2: Bank Financial Management(BFM) Paper 3: Advanced Business and Financial Management (ABFM) Paper 4: Banking Regulations and Business Laws (BRBL) Paper 5: Elective Paper

Q3. How do I start preparing for CAIIB ABFM Exam?

Ans. Get the best books available for CAIIB ABFM Exam or attend video courses and live lectures as having a good study resource will definitely help you crack the exam.
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