JAIIB AFM Important Questions Module B MCQs
Priyanka Dahima14 Aug, 2024
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JAIIB AFM Important Questions Module B MCQs : JAIIB stands for Junior Associate of the Indian Institute of Bankers and is a prestigious course that members of the Institute can apply for. The JAIIB exam aims to provide the basic knowledge required in banking and financial services, financial technology, customer relations, basic accounting and legal aspects relevant to day-to-day banking. Through the JAIIB 2024 exam, the candidate will benefit from personal and professional experiences. We have provided JAIIB AFM MCQs 2024 Module B Questions.
JAIIB AFM Important Questions Module B MCQs
Candidates who wish to appear in the JAIIB Examination of IIBF must ensure that they are members. Each JAIIB paper is divided into four modules, and candidates must clear each module to crack the exam. Practice active learning techniques like attempting JAIIB AFM MCQs 2024 Exam Module B. 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 Important Questions Module B MCQs for your exam preparation.JAIIB AFM MCQs 2024 Module B 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, each with 1 mark. The duration of the JAIIB AFM exam is 1 hour and there is no negative marking for incorrect responses. Check out the JAIIB AFM Module B Questions 2024 prepared by our experts.JAIIB AFM MCQs 2024 Module Questions
Q1. A balance sheet is a statement of ___________
A. Assets and Liabilities B. Sources of funds and application of funds C. Both 1 and 2 D. None of the above Ans: C. Both 1 and 2Q2. In which statement is the extended accounting equation used?
A. Cash Flow Statement B. Balance Sheet C. Income Statement D. None of the above Ans: B. Balance SheetQ3. According to the Companies Act, a firm must present its balance sheet in which of the following format?
A. Horizontal Form B. Vertical Form C. Either Horizontal or Vertical Form D. Neither of the above Ans: B. Vertical FormQ4. Under the heading "non-current assets", _______________ appear in a company's balance sheet.
A. Goodwill B. Patents C. Vehicles D. All of the above Ans: D. All of the aboveQ5. Securities Premium Reserve appears under which head in a Company's Balance Sheet?
A. Share Capital B. Long-term Provision C. Short-term Provision D. Reserve & Surplus Ans: D. Reserve & SurplusQ6. What are trademarks, copyrights and patents?
A. Current Assets B. Fixed Assets C. Intangible Assets D. Investments Ans: C. Intangible AssetsQ7. Hindustan Unilever Ltd has incurred heavy advertisement expenditure on the launch of the new shampoo. As an Accountant of HUL, how will you treat this advertisement expenditure?
A. Capital Expenditure B. Revenue Expenditure C. Deferred Revenue Expenditure D. Operating Expenditure Ans: C. Deferred Revenue ExpenditureQ8. An organization prepares a Profit & Loss Account to ascertain its:
A. Gross Profits/ Gross Loss B. Capital C. Net profit/ Net loss D. Depreciation Ans: C. Net profit/ Net lossQ9. How can we categorize Trademark as an Asset?
A. Fictitious Asset B. Fixed Asset C. Intangible Asset D. Current Asset Ans: C. Intangible AssetQ10. Which of the following financial statement will show Gross loss?
A. Balance Sheet B. Profit & Loss Account C. Trading Account D. Cash flow statement Ans: C. Trading AccountQ11. Expenditure which occurs on a repeated basis or frequently in business and is incurred to maintain regular functioning of the business are:
A. Capital Expenditure B. Deferred Revenue Expenditure C. Revenue Expenditure D. Preliminary Expenditure Ans: C. Revenue Expenditure https://www.youtube.com/watch?v=T8gs583IPJ4&list=PLSaOxOxYHrDPykxIcwOR3054su4y0copU&index=10 .JAIIB AFM MCQs 2024<span style=
Q1. Where can I get the JAIIB AFM MCQs 2024 for Module B?
Q2. How many papers are there in JAIIB Exam?
Q3. Is it necessary to practice JAIIB AFM MCQs 2024?
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