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JAIIB AFM Important Questions Module A MCQs

We have provided the JAIIB AFM MCQs 2025 Module A for Accounting & Financial Management of Banking Paper. Go through the article for JAIIB AFM Exam MCQs.
authorImagePriyanka Dahima21 Apr, 2025
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JAIIB AFM Important Questions Module A MCQs

JAIIB AFM Important Questions Module A MCQs: JAIIB stands for Junior Associate of the Indian Institute of Bankers, one of the flagships. It is a survey conducted twice a year by IIBF (Indian Institute of Banking and Finance). The main objective of the JAIIB exam is to provide IIBF members with the advanced knowledge needed to make better decisions, including risk management, asset management, credit management, international banking, balance sheet management, financial analysis, etc. For banking professionals, we have provided JAIIB AFM MCQs 2025 Module A Questions.

JAIIB AFM MCQs 2025

Each JAIIB paper is divided into four modules and candidates have to clear each module to crack the exam. Practice active learning techniques like attempting JAIIB AFM MCQs 2025 Exam Module A. Remember to follow the study plan and prepare concepts in the first semester so that the next semester can be spent in rigorous practice. Check JAIIB AFM Module A Exam Questions 2025 for your exam preparation.

JAIIB AFM MCQs 2025 Module A Questions

JAIIB’s Accounting & Financial Management questions enable candidates to practice extensively, strengthen their conceptual understanding and build confidence. The JAIIB Accounting & Financial Management of Banking Paper exam consists of 100 questions and each question is carrying 1 mark. JAIIB AFM exam duration is 1 hour and there is no negative marking for incorrect responses. Check out the JAIIB AFM Module A Questions 2025 prepared by our experts.

JAIIB AFM MCQs 2025 Module A Questions

JAIIB’s Accounting & Financial Management questions enable candidates to practice extensively, strengthen their conceptual understanding and build confidence. The JAIIB Accounting & Financial Management Paper exam consists of 100 questions and each question is carrying 1 mark. JAIIB AFM exam duration is 1 hour and there is no negative marking for incorrect responses. Check out the JAIIB AFM Module A Questions 2025 prepared by our experts.

Q1. Which of the following is/are the objectives of Accounting

I) Systematic recording of transactions
II) Ascertainment of results of above recorded transactions
III) Ascertainment of the financial position of the business
IV) Providing information to the users for rational decision making
A. I, III & IV
B. I & III Only
C. II & IV Only
D. All I, II, III and IV Ans: D. All I, II, III and IV

Q2. According to the definitions of accounting given by the Committee on Terminology set up by the American Institute of Certified Public Accountants, what are the three key activities involved in accounting?

A. Recording, analyzing and interpreting
B. Identifying, interpreting, and summarizing
C. Analyzing, recording and summarizing
D. Recording, classifying and summarizing Ans: D. Recording, classifying and summarizing

Q3. __________ is a fundamental principle of accounting that is based on the idea that the busine4ss or organization is separate from its owners or stakeholders.

A. Entity Concept
B. Money Measurement Concept
C. Accrual concept
D. Cost Concept Ans: A. Entity Concept

Q4. A _________ is a book or electronic register that contains a complete record of all financial transactions of a company or organization. It serves as the principal accounting record that contains individual accounts for each asset, liability, equity, revenue and expense.

A. Journal
B. Ledger
C. Trail Balance
D. Trading Account Ans: B. Ledger

Q5. Which of the following Accounting Standards is related to Cash Flow Statement?

A. AS 2
B. AS 3
C. AS 4
D. AS 5 Ans: B. AS 3

Q6. Which of the following principles of accounting states that there should be uniformity in the accounting processes and policies?

A. Going Concern
B. Cost Concept
C. Entity Concept
D. Consistency Concept Ans: D. Consistency Concept

Q7. Which of the following principles of accounting states that the entity remains in operation sufficiently long to carry out its objects and plans?

A. Going Concern
B. Cost Concept
C. Entity Concept
D. Consistency Concept Ans: A. Going Concern

Q8. Which of the following principles states that Capital contributed by the owner is liability for business?

A. Cost Concepts
B. Money Measure Concepts
C. Realisation Concept
D. Business Entity Concept Ans: D. Business Entity Concept

Q9. Due to which concept, accounting does not record non-financial transactions?

A. Going Concern Concepts
B. Money Measure Concepts
C. Accrual Concept
D. Cost Concept Ans: B. Money Measure Concepts

Q10. Amount withdrawn by proprietor in business should be credited to _________.

A. Proprietors account
B. Drawings account
C. Capital account
D. Asset account Ans: B. Drawings account

Q11. Which accounting principle states that Every transaction has double effect, one is debit and another one is credit?

A. Dual Aspect Concept
B. Business Entity Concept
C. Periodicity Assumption
D. Going Concern Concept Ans: A. Dual Aspect Concept

Q12. The accounting treatment for property, Plant & Equipment's (PPE) comes under ______________

A. Accounting Standard 5
B. Accounting Standard 10
C. Accounting Standard 15
D. Accounting Standard 20 Ans: B. Accounting Standard 10

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JAIIB AFM Important Questions Module A MCQs FAQs

Q1. Where can I get the JAIIB AFM MCQs 2025 for Module A?

Ans. You can get the JAIIB AFM MCQs 2025 for Module A at our PW Blogs.

Q2. How many papers are there in JAIIB Exam?

Ans. The JAIIB Exam, candidates’ knowledge is examined for the four compulsory papers: Indian Economy & Indian Financial System(IE & IFS), Principles & Practices of Banking(PPB), Accounting & Financial Management for Bankers(AFM), and Retail Banking and Wealth Management (RBWM).

Q3. Is it necessary to practice JAIIB AFM MCQs 2025?

Ans. Yes, it is necessary to practice JAIIB AFM MCQs 2025 for better understanding of exam pattern.
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