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JAIIB AFM Important Questions Module D MCQs

Access the JAIIB AFM MCQs 2025 Module D for Accounting & Financial Management of Banking Paper to get good scores in the JAIIB exam. Go through the article for JAIIB AFM Exam MCQs.
authorImagePriyanka Dahima19 Apr, 2025
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JAIIB AFM Important Questions Module D MCQs

JAIIB AFM Important Questions Module D MCQs: JAIIB stands for Junior Associate of the Indian Institute of Bankers, one of the flagship programs. For the banking professionals this exam is 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 D Questions.

JAIIB AFM Important Questions Module D MCQs

Each JAIIB paper is divided into four Modules namely, Module A, B, C & D and candidates have to clear each section to clear the exam. Practice powerful study techniques like trying the JAIIB AFM MCQs 2025. Remember to follow the study plan and prepare the concepts in the first part so that the next part can be used in difficult exercises. Check JAIIB AFM 2025 Module D MCQs Exam Questions for your exam preparation.

JAIIB AFM MCQs 2025 Module D 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 D Questions 2025 prepared by our experts. Check out the JAIIB AFM Module B Questions 2025 prepared by our experts.

JAIIB AFM Module D MCQs 2025

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 60 Minutes and there is no negative marking for incorrect responses. Check out the JAIIB AFM Module D Questions 2025 prepared by our experts.

Q1. Section 80C is one of the most popular and favourite sections amongst taxpayers as it allows them to reduce taxable income by making tax-saving investments or incurring eligible expenses. What are the Eligible investments for tax deductions u/s 80C?

A. Life Insurance Premium
B. Public Provident Fund
C. Equity Linked Saving Schemes
D. All the above Ans: D. All the above

Q2. The deduction is covered under 80QQB of the Income Tax Act, 1961 included in Royalty Income is ________?

A. Any Income earned by an author for practicing his profession
B. Any Income earned as a lump sum payment for  assignment of any of his interests in the copyright of any book based on literary, artistic or scientific in nature or of royalty or copyright fees for author's book
C. Any Income received as advance payment of royalties copyright fees.
D. All the Above Ans: D. All the Above

Q3. Under Section 194A, the rate of TDS on premature deduction (amount of withdrawal is more than 50,000) from Employees Provident Fund is ______

A. 5%
B. 10%
C. 15%
D. 20% Ans: B. 10%

Q4. What is the threshold limit to deduct TDS @10% U/s 194A (Interest earned on FD) for individuals other than senior citizens?

A. 10000
B. 20000
C. 30000
D. 40000 Ans: D. 40000

Q5. What are the maximum exemptions limit under Section 80C of the Income Tax Act, 1961?

A. Rs. 50,000
B. Rs. 1,00,000
C. Rs. 1,50,000
D. Rs.5,00,000 Ans: C. Rs. 1,50,000

Q6. Which of the following statements about direct and indirect taxes is incorrect?

A. Direct taxes can be shifted from one individual to another while indirect taxes are paid directly by the taxpayer.
B. Indirect taxes are imposed only on goods and services, while direct taxes are imposed on income, profit or revenue.
C. Direct taxes can be assigned to another person for payment, while indirect taxes cannot
D. with the implementation of goods and services tax (GST), direct taxes have replaced all forms of indirect taxes Ans: B. Indirect taxes are imposed only on goods and services, while direct taxes are imposed on income, profit or revenue.

Q7. Section 80U offers tax benefits if an individual suffers a disability, while section ___________ offers tax benefits if an individual taxpayer's dependent family members(s) suffers from a disability.

A. Section 80UA
B. Section 80UD
C. Section 80DD
D. Section 80DU Ans: C. Section 80DD

Q8. What is the key difference between the financial year (FY) and assessment year (AY)?

A. The FY is the year in which income is assessed and taxed while the assessment year is the year in which income is earned.
B. The financial year is the year in which income is earned, while the assessment year is the year in which income is assessed and taxed.
C. The FY and assessment year are the same and can be used interchangeably.
D. The financial year and assessment year are unrelated to income taxation. Ans: B. The financial year is the year in which income is earned, while the assessment year is the year in which income is assessed and taxed.

Q9. Under Section 80U, disability has been defined as of the following:

A. Blindness B. Hearing impairment C. Mental Illness D. All the above Ans: D. All the above

Q10. Which of the following is requirements to claim deductions under Sections 80U?

A. There isn't any documentation requirement apart from the certificate certifying the disability from a recognised medical authority in Form 10-IA.
B. There's no need of producing bills for the cost incurred for the pursuance of treatment or such other expenses.
C. One must submit the medical certificate indicating the disability together D. All the above Ans: D. All the above

Q11. Royalties received against a Patent comes under which section of the Income Tax Act 1961?

A. Sec 80 QQB
B. Sec 80 U
C. Sec 80 RRB
D. Sec 80 TTA Ans: C. Sec 80 RRB 

.

JAIIB AFM Important Questions Module D MCQs FAQs

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

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

Q2. 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.

Q3. 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). .
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