In the competitive world of professional banking, cracking in Jaiib AFM exam is an important milestone for the growth of the career of banking and financial sector employees. AFM is the third paper of Jaiib. The subject banking professionals are designed to equip the relevant accounting for the banking industry and a detailed understanding of financial concepts. Jaiib AFM paper cannot be qualified without practicing questions because it provides deep knowledge of all subjects. In this post, we have provided Jaiib AFM memory based questions.
Jaiib AFM Memory Based Questions
Jaiib AFM Memory based question -free PDF is a step towards achieving professional goals for a aspiration. Jaiib AFM’s free PDFS provided questions asked questions to refine their preparation strategy, gain confidence and excel in the exam. To help the candidates in our preparation for the exam, we have compiled Jaiib AFM memory based questions based on the Jaiib AFM Exam 2025 for the May Session. By practicing these questions, candidates can improve their time management skills, increase their abilities to solve their problems, and increase their level of confidence.
Jaiib AFM Memory based Question- Click here to download PDF
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Jaiib AFM Download last year’s questions pdf
Jaiib AFM helps the previous year’s questions to keep a strong command of the subjects asked in the exam. Jayab has been compiled for both sessions of the examination held in one year last year. For the sake of candidates, we have also provided some questions for practice so that banking and financial sector employees can get an idea of levels and types of questions asked in the Jaiib AFM exam.
Questions for Jaiib AFM practice
Instructions (Q1-3)
Xyz ltd. There is a manufacturing company that has been in operation for the last five years. The company’s assets include plant and machinery, furniture and fixtures, and it follows the straight line method of depreciation. The company has the following assets with its respective basic costs and a useful life for the year 2022-2023:
Property – Basic Cost Estimated Useful Life
Plant and Machinery – of 50,00,000 10 years
Furniture – You 5,00,000 5 years
Quades – of 2,00,000 2 years
The company has the following transactions during the current financial year:
(i) The company bought a new plant and machinery on 1 April 2022 for ₹ 10,00,000.
(ii) The company sold ₹ 10,00,000 for the old plant and machinery on 1 July 2022 for ₹ 2,00,000.
Based on the above information, answer the following questions:
Q1. What is the annual depreciation expenditure for plant and machinery?
- ₹ 5,00,000
- ₹ 4,50,000
- ₹ 5,50,000
- ₹ 4,00,000
S1. Year. (Is)
Q2. What is the total depreciation expenditure for furniture for the financial year 2024-25?
- ₹ 5,00,000
- ₹ 2,00,000
- ₹ 1,00,000
- ₹ 3,00,000
S2. Ans. (D)
Q3. What is the net book price of plant and machinery by 31 March 2023?
- ₹ 40,00,000
- ₹ 33,75,000
- ₹ 45,50,000
- ₹ 38,25,000
S3. Year (B)
Q4. What is the purpose of controlling control and supporting records in branch level account, and what is the main challenge with computerization?
- The purpose of controlling control and supporting records in branch-level accountancy is to ensure that all supporting bookkeeping balances in general account book matches the balance account. The main challenge that remains even with computerization is suspense and harmony of outstanding entries in diverse deposits.
- The purpose of controlling control and supporting records in branch-level accountancy is to ensure that all supporting bookkeeping balances in general account book matches the balance account. The main challenge that remains even with computerization is the balance of the books of the account.
- The purpose of controlling control and supporting records in branch-level accountancy is to ensure that all supporting bookkeeping balances in general account book matches the balance account. The main challenge that remains even with computerization is the identification of committed errors in posting/balance calculations, in the day book or in total, or posting in GL Control Account.
- The purpose of controlling control and supporting records in branch-level accountancy is to ensure that all supporting bookkeeping balances in general account book matches the balance account. The main challenge that remains even with computerization is the harmony of entries in diverse deposits.
S4. Year. (Is)
The most important question for Jaiib AFM
Jaiib AFM asked questions facilities
Jaiib AFM memory based questions are beneficial for candidates as it has the following features.
- Questions from various subjects and sub -science of AFM
- Excellent resources for providing exam environment
- Prioritization of subjects
- Self assessment
- Conceptual clarity
