JAIIB-AFB-RECOLLECTED QUESTIONS

Junior Associate of the Indian Institute of Bankers ( JAIIB) 2020– The Indian Institute of Banking and Finance has invited the online application from the applicants for its course JAIIB- Junior Associate of the Indian Institute of Bankers. JAIIB is a Flagship course by IIBF for those who are already bankers. As the application form is out, without wasting much time, its time to start your preparation.

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JAIIB 2020 Subjects and Exam Dates:

EXAMINATION DATE	SUBJECTS
03-05-2020	Principles & Practices of Banking
10-05-2020	Accounting & Finance for Bankers
17-05-2020	Legal & Regulatory Aspects of Banking

JAIIB-AFB-RECOLLECTED QUESTIONS FROM 12.05.2019

5-10 questions from Depreciation
Two marks from Payback period NPV
Basis of accounting 0.5 theory
Foreign currency 2 to 3 questions. Each one mark.
Asset is a …… Source of funds/Use of funds*/Cash inflow/None of these
Types of accounts in profit and Loss account …… Only real account/Only nominal account*/Some real some nominal/Only personal
From E-KYC – 5 questions
WDV method of Depreciation
Population of city – current year 24 lakh. Increasing 7% yearly. What will be the population After 6 years, What was the populations before 4 years and difference between those years.

Ans. By Using Compound Interest Formula,

Population after 6 years at 7% interest

A = P(1+r)^t

= 2400000 (1+0.07) ^ 6

= 2400000 x 1.50073

= 3601753

Population before 4 years at 7% interest

If P(1+r)^t = 2400000, find P

P (1.07)^4 = 2400000

P (1.3108) = 2400000

P = 2400000 / 1.3108

P = 1830943

Difference between the two years

3601753 – 1830943

= 1770810

Accounting concepts – 3 to 4 questions
Going concern
Conservatism
Business entity
1$ = _____ rupees, 100 rupees how much
Foreign exchange 3 marks
Current Ratio
Accounting standards
Cash book passbook difference
Cash book – standing instructions won’t come under cash book
Yield to maturity
Banking definition comes under which act? Banking Regulation Act, 1949
Types of errors – Match the following – 5 Marks
3 marks on Computer
Calculation of of Future Value – 1 Mark
Coupon rate and current yield – 3 Marks
Opening stock closing – 4 Marks

Ratio Analysis – 2 Marks
Compound interest – 1 Mark
Type of accounts – 5 Marks
Debit credit…accounts – 5 Marks
Trademark… Under which account
Error classification
Question on tangible
Population based compound
Shares, debentures based problems
Definition of annuity
Many questions from capital shares
1$=71.*** and 1$= 22.*** singapore dollar. What is the value of INR for 1spdollar
Current assets-2:1 quick ratio -1.5:1 current liabilities 160000 inventories??
Bond related interest 12% face value 5000 market price 4500= current yield?
Some present anuity due present ordinary and also future annuity ( 1 mark each)
Calculate net profit cost of goods sold
Some question from cost concept, business going
outsourcing of service in bank
Market price of bond 4500 face value 5000 coupon rate 12% current yield?? – 13.33% (YTM = 12/100)*(5000/4500)
Debt service coverage ratio formula parts were asked
Equence of payment=annuity
Future value annuty Due
Zero Coupe Bond
Forward rate
Bill of exchange
Balance sheet related questions
Subsidy Book
FCIL (Food corporation) type of company
Non-Voting Share
Computer/Hardware/Software
Front office/Back Office
KYC/Risk Category
Small a/c max Withdral in a Month
Cheque Collection days 7/10/14
Vault/Custody Key
DEAF Account
Certificate of deposit
Floating rate
CBS related questions
IND-FIU. (Txn 10 LAC in month)
If the 1 year discount factor is 0.8333, what is the discount rate (interest rate) per year? a. 10%/b. 20%/c. 30%/d. None of the above
Problem of ARR
Prime entry
Face value 100, Coupon rate 12%, For 5years, ROI 15%, Bond value..??
1$= rs 69.77/79, 1$= HKD 7.7640/41, 1HKD = Rs??
In Clerical errors, Error of commission, Error of ommision, And 3rd one is ???
1$= Rs 69.2135/ 69.3525, 100Rs =….$?
Company related questions reg partnership, registration, members
Customer service questions
NPB & IRR problems
WDV & sum of digits
Principle 10000 after 3 yrs it’s 16000 which is compounded annually…Find r after 3 yrs ??
2 problems on ratios
Balance sheet 1 problem
YTM & bond value 2 problem
Rent receivable what account
Real & nominal related questions
Accounting in CBS
Rectification of error
Officialy valid documents
Minor can operate acount – 10 yrs
promisiry note two party 1 maker 2 payee
straight line method formula
BCSBI
Which type of account can not be opened for FCNRB?
Advantages of computer accounting
Data definition
What is the meaning of voucher posting in Banking?
What is CLIF?
Which one is not considered as OVD? How can a customer open Account without any OVD?
What are the document required to be collected for sole proprietor current account?
Pension fund management by bank
Which one does not come under parabanking activities?
Why all banks have account in other bank?
Accounting concepts example