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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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ALL THE VERY BEST FOR YOUR EXAMS

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SAMPLE QUESTIONS FOR
JAIIB
ACCOUNTING & FINANCE FOR BANKERS

Though we had taken enough care to go through the questions, we request everyone to update
yourself with the latest information through RBI website and other authenticated sources. In
case you find any incorrect/doubtful information, kindly update us also (along with the source
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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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Accounting & Finance for Bankers

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Cost of asset = 1,00,000
Estimated residual value = 10,000
Estimated useful life of asset = 5 years

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Find the book value at the end of 2nd year using double declining balance method.

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a. 24000
b. 36000
c. 40000
d. 64000
Ans - b

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Explanation :
Depreciation rate = (1/useful life) x 200%
= 1/5 x 200% = 20% x 2 = 40%
(*) depreciation stops when book value = residual value

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[Year 1]
Depreciation amount for year 1
= beginning book value x depreciation rate
= 1,00,000 x 40% = 40,000

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Accumulated depreciation at the end of year 1 = 40,000
Book value at the end of year 1
= 1,00,000 - 40,000 = 60,000

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[Year 2]
Depreciation amount for year 2
= beginning book value x depreciation rate
= 60,000 x 40% = 24,000
Accumulated depreciation at the end of year 2
= 40,000 + 24,000 = 64,000
Book value at the end of year 2
= 1,00,000 - 64,000 = 36,000
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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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[Year 3]
Depreciation amount for year 3
= beginning book value x depreciation rate
= 36,000 x 40% = 14,400

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Accumulated depreciation at the end of year 3
= 40,000 + 24,000 + 14,400 = 78,400

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[Year 4]
Depreciation amount for year 4
= beginning book value x depreciation rate
= 21,600 x 40% = 8,640

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Book value at the end of year 3
= 1,00,000 - 78,400 = 21,600

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Accumulated depreciation at the end of year 4
= 40,000 + 24,000 + 14,000 + 8,640 = 87,040

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Book value at the end of year 4
= 1,00,000 - 87,040 = 12,960

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[Year 5]
Depreciation amount for year 5
= beginning book value x depreciation rate
= 12,960 x 40% = 5,184

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[NOTE]
For year 5, depreciation amount will not be 5,184.

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If 5,184 is depreciated,
--> book value = 12,960 - 5,184 = 7,776
--> book value < residual value
Depreciation stops when book value = residual value
--> depreciation amount for year 5 = 2,960
--> book value = 12,960 - 2,960 = 10,000
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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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Zero coupons bonds ...... (i) Do not carry any interest, (ii) It is issued at a lower price than its
redemption value, (iii) Carry a fixed rate of interest payable at the time of redemption of the
bonds

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a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

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Ans - a
.............................................

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a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

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The risk adjusted discount rate approach for NPV determination makes a balance between ......
(i) Degree of risk, (ii) Degree of profitability, (iii) Rate of return

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Ans - b
.............................................

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A project should not be undertaken if its IRR is ...... (i) Less than the cost of capital, (ii) More
than the cost of capital, (iii) Equal to the cost of capital

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a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

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Ans - b
.............................................
Madhu had availed a loan of Rs. 120000 @ 12%, which she has to pay in 6 equal annual
installments. Calculate the amount of installment?
a. 21897
b. 27897
c. 28197
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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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d. 29187

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Ans - d

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Solution:
P = 120000
R = 12% p.a.
(SINCE PAYMENT IS TO ANNUALY, NOT Monthly, Rate IS NOT divided by 12)
T = 6 yrs
(SINCE PAYMENT IS TO BE ANNUALY, NOT Monthly, Time IS NOT multiplied with 12)
So, we can well use EMI formula in this question as we did in questions no 4, 5, 6 & 7

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The formula of EMI = P * R * (1 + R)^T ÷ { (1 + R)^T - 1 }

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EMI = 120000 × 0.12 × 1.12^6 ÷ (1.12^6 – 1)
= (120000*0.012*1.9738) ÷ 0.9738
= 28423 / 0.9738
= 29187
.............................................

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Reposting of all the ATM transactions, which happened when the EOD process was running, is
taken care by ......

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a. BOD
b. SOD
c. EOD
d. All of the above

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Ans - b
.............................................

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Role of the concurrent auditors / Internal auditors with KYC is to ......
a. Review of compliance of KYC guidelines
b. Effectiveness of the implementation of the KYC
c. Verification of newly opened accounts and their transactions
d. All of the above
Ans - d
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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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One of the sources that is available to identify the correctness of the information given by the
New Customer of the Commercial Bank is ......

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a. Introduction given by the existing customer of the Bank
b. By studying the account opening form
c. By providing information by the agencies like CRISIL
d. None of the above
Ans - c
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Sales - Rs. 85000, Operating expenses - Rs. 20000, Net Profit - Rs. 15000. Find gross profit.

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a. 5000
b. 20000
c. 35000
d. 50000

Ans - c
.............................................

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a. Capital Expenditure
b. Revenue Expenditure
c. Deferred Revenue Expenditure
d. None of the above

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Ans - c
.............................................

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Cash in hand in Trial balance indicates a ......
a. Debit Balance
b. Credit Balance
c. Either Debit or Credit Balance
d. Neither Debit nor Credit Balance
Ans - a
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.. (i) Company..ja a..... w ....... admin@jaiibcaiibmocktest. 650 ………………………………………………………………………………………………………………………………………………………………… www.. 3. 5% c......b ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 700 C.... under the Council of the Institute of Chartered Accountants of India..bankpromotionexams... admin@jaiibcaiibmocktest..... Only (i) b.3.......b .. Only (ii) c.......com murugan0501@gmail.com..com. If the rate of interest be 7...........com.....com..600 allowing the buyer a credit of 9 years.onlyforbankers..www..com.........jaiibcaiibmocktest. (i) RBI... oc Compliance with accounting standard is the duty of the . w w Ans ..... www.....b . Either (i) or (ii) d...... (ii) Accounting Standards Board kt es t a......... 750 B... ...5% p.. Only (ii) c. (ii) Auditor iib m a.........5% d......a....b .... Both (i) and (ii) ca Ans ...onlyforbankers....jaiibcaiibmocktest... What amount will he pay to clear the debt after 4 years A....... 4.. 5..5% b.c o In India..... he has a gain of ...000 and sold it the same day for Rs... 09994452442 9 .. www.... www.. Only (i) b.. www.......... Either (i) or (ii) d.. accounting standards are issued by the .... 6% iib A person purchased a watch for Rs.com... At 5% per annum simple interest....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans . Rahul borrowed Rs......bankpromotionexams....com.com.... 500.. Both (i) and (ii) Ans .............

onlyforbankers.... www....I.....bankpromotionexams. Find the rate percent? w w w A... www...com.... 6 % B..com.com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. So. 8 % D..com murugan0501@gmail..5 C.. admin@jaiibcaiibmocktest.bankpromotionexams..A Explanation: S..600 ... kt =>500+500*5*4/100 =>Rs. 09994452442 10 . admin@jaiibcaiibmocktest..com. 13 D..... So it will be Principal + simple interest.....D Explanation: es t We need to calculate the total amount to be paid by him after 4 years...500 amounts to Rs....c o Ans .. 12...... 12 B.com...*100/P/T ………………………………………………………………………………………………………………………………………………………………… www.... the rate percent per annum is iib m A...5 ca Ans .... www. 7 % C..jaiibcaiibmocktest.... 15..I.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m D. 600 .jaiibcaiibmocktest. 13...5 ... ..com... www..com.B iib Explanation: Let sum = x then Simple Interest = Rate = (100 * x) / (x * 8) = 12..... 9 % Ans .....=P*R*T/100 =>R=S...com...ja A sum of Rs 12.www.....onlyforbankers.500 in the 4 years at the rate of simple interest... oc If a sum of money doubles itself in 8 years at simple interest.

onlyforbankers.... www....... Capital Reserve a/c c.... simple interest.jaiibcaiibmocktest....com....... Current a/c ledger b.bankpromotionexams... Limited b..com murugan0501@gmail..... Profit and loss a/c b.. admin@jaiibcaiibmocktest............... Find the gain of one year by Ram.. 5000 for 2 years at 4% p..jaiibcaiibmocktest........ Overhead d. Investment ledger c..b . A. S. for 2 years...... oc Ans .. In the Partnership firms. admin@jaiibcaiibmocktest....www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… . Maximum ca a... All of above Ans – d .com..a ... Bill discounted ledger d. 111. 09994452442 11 .......com...... kt es t a.......50 B...onlyforbankers.... www... General reserve a/c iib m Profit on re-issue of forfeited shares is transferred to: iib Ans ..............com.. www..ja a......12500 = 3000..... 110........ Unlimited c.com.....a....c o m So..com.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Share capital a/c d..I = 15500 ........ Ram borrows Rs...... www.a.........bankpromotionexams..50 ………………………………………………………………………………………………………………………………………………………………… www.. He immediately lends money to Rahul at 25/4% p.....com...... =>R = 3000*100/12500/4 = 6% .com. Book of accounts of a bank includes: w w w ........ liability of each partner is ......

then we use to subtract each other to get result in this type of question. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m C....... ………………………………………………………………………………………………………………………………………………………………… www...... kt Lets solve this Simple Interest question now. 112.. (ii) Capital A/c......onlyforbankers. (ii) Gains iib a... 113..... the fundamental rule of debit and credit is.....com... Only (i) and (ii) b.......50 ... w w w Withdrawal of cash from business by the proprietor should not be credited to ... (i) Incomes...... www...d .....a ....jaiibcaiibmocktest.... (ii) and (iii) Ans .com...com murugan0501@gmail.. First we need to calculate gain for 1 year only.... www.C Explanation: iib m oc Gain in 2 year = [(5000×254×2100)-(5000×4×2100)] = (625-400) = 225 So gain for 1 year = 225/2 = 112.ja Ans . Only (i) b..50 . www.... 09994452442 12 .com........... debit expenses and losses and credit . Second.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com.www.. Only (ii) and (iii) d.....bankpromotionexams... (i)...com..............c o Ans . Both (i) and (ii) . (iii) Cash A/c a...com.. admin@jaiibcaiibmocktest..com... where we take money at some interest and lends at other.... Only (ii) c. ca For nominal accounts... Only (i) and (iii) c..... www.50 D.. Neither (i) nor (ii) d.com.....jaiibcaiibmocktest..... (i) Proprietor's A/c....... admin@jaiibcaiibmocktest. es t Two things need to give attention in this question.....onlyforbankers...bankpromotionexams..

com.. iib Fundamental rule of debit and credit with regard to assets or real accounts is not .....jaiibcaiibmocktest........com..com.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.b .. (iii) Debit expenses and losses and credit gains w w w ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m In accordance with the going concern concept in accounting........... (i)...... Only (ii) and (iii) d... admin@jaiibcaiibmocktest.......... www. (iii) An account of each property or possession dealt in by the trader in his business ca Ans . www.. www. (i) definite life.. (ii) and (iii) oc kt What is not a Nominal Account? (i) An account of each person or firm with whom the trader deals. 40000....... 09994452442 13 .... 90 and contribution Rs. Only (ii) and (iii) d... Only (i) and (iii) c..com.com murugan0501@gmail. a business is considered as having a/an ........com...bankpromotionexams... www....com............ (ii) indefinite life es t .... Only (i) and (ii) b......... Rs... Only (i) b.. Both (i) and (ii) Ans . 20 with fixed cost of Rs...com.c . What is the total variable cost of BEP? a. (i)... Neither (i) nor (ii) d........ (ii) Debit the receiver and credit the giver..bankpromotionexams. (ii) and (iii) Ans .. (i) Debit what comes in and credit what goes out.... (ii) An account of each head of expense or source of income....c o a....... Only (i) and (iii) c..com.... iib m a. 120000 ………………………………………………………………………………………………………………………………………………………………… www..b .. 80000 b.onlyforbankers...onlyforbankers.www. Rs. Only (i) and (ii) b.. Only (ii) c... admin@jaiibcaiibmocktest...ja a...jaiibcaiibmocktest. The selling price of a product is Rs..

............ (ii) and (iii) Coupon rate is not the . 140000 ..... ………………………………………………………………………………………………………………………………………………………………… www..... Capital structure of the firm d............ja Ans .com..... Bond equity structure of the firm Ans ..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c... (i) Specific rate of interest at which a bond is issued.......bankpromotionexams... (i) Face value.com.......onlyforbankers.. Mix of debit and equity is known as w w w a..... Only (ii) and (iii) d.d . Rs.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. www..... oc kt a.............bankpromotionexams... Only (ii) and (iii) d....... Only (i) and (ii) b....... (ii) and (iii) ..... (ii) Market rate of return of debenture... admin@jaiibcaiibmocktest. 130000 d...com.... Financial structure of the firm c..com.b ...... Only (i) and (iii) c.. www..c .. Only (i) and (ii) b.. Only (i) and (iii) c.. www..........com..c o Ans .....onlyforbankers...www.. (ii) Present value of cash flows in future... 09994452442 14 .........jaiibcaiibmocktest.. www.......c ...com murugan0501@gmail.. es t The intrinsic value of bond is not the .jaiibcaiibmocktest.......com. admin@jaiibcaiibmocktest...com. (i)..........com.. Organisational structure of the firm b..... (iii) Market value iib m Ans . Rs. (i). (iii) The rate at which a bond is purchased iib ca a...........

.c o a...... 09994452442 15 ...com.....com..... w w The decision tree analysis for NPV estimation recognizes that . admin@jaiibcaiibmocktest.. ca The risk adjusted discount rate approach for NPV determination makes a balance between .... (i)...com murugan0501@gmail..d ..... Half of the cost of capital d. www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Bonds may be secured by .www...com...... oc iib m a.....onlyforbankers. More than the cost of capital c...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... No relevance kt A project should be undertaken if its IRR is Ans ..... (iii) Environment is dynamic a....... Only (ii) and (iii) d.jaiibcaiibmocktest....com.......com. (ii) Environment is uncertain. Only (i) and (iii) c... Avg risk avg avg return.. Degree of profitability and investment c.bankpromotionexams..... Only (ii) and (iii) d.. admin@jaiibcaiibmocktest.. Only (i) and (ii) b.... www. (ii) and (iii) Ans ... (i) Environment always certain........... Less than the cost of capital b.. www......com.. Only (i) and (iii) c.....a . (i).. (ii) and (iii) Ans – c ………………………………………………………………………………………………………………………………………………………………… www..................ja iib a.....bankpromotionexams.... Degree of risk and degree of uncertainty d... Only (i) and (ii) b.com... Degree of risk and rate of return b. www.. w Ans ...jaiibcaiibmocktest.onlyforbankers. (iii) Unsecured bonds are also issued es t . (i) Floating charge on assets....com....... (ii) Fixed charge on assets...b ....

c o m The shortcomings of payback method are . accounts. 09994452442 16 ... (ii) The choice of payback period is arbitrary.......c ...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ...... (ii) and (iii) Ans ....... iib Nomination cannot be made in .. (i) current... (ii) trust accounts.... Only (ii) ………………………………………………………………………………………………………………………………………………………………… www.. (i) It does not take into account the time value of money.com.com. (i).....www........com....bankpromotionexams....... Only (i) b. capital rationing ..jaiibcaiibmocktest.bankpromotionexams.... iib m a.. (iii) partnership firms w w w . www...com..... 10 days c..... Only (i) and (ii) b.....com....d ...... Even when two projects are mutually exclusive.. 7 days b........... admin@jaiibcaiibmocktest. Only (i) and (ii) b.........ja a.jaiibcaiibmocktest.. www. oc Maximum timeframe for collection of cheques drawn on other locations than state capitals and major cities is ........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... (ii) and (iii) kt Ans . (iii) Only those cash flows are considered which fall in the payback period es t a....com murugan0501@gmail. admin@jaiibcaiibmocktest......onlyforbankers...com. 14 days d. Only (ii) and (iii) d...onlyforbankers.. Only (i) and (iii) c... Only (i) and (iii) c........com..com.... (i). www.. (ii) Results in accurate ranking by IRR method a....... www...........c ... 21 days ca Ans . (i) Results in accurate ranking by NPV method. Only (ii) and (iii) d.

... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c.Rs......com..c o Ans ...Rs. Find other expenses........... (ii) and (iii) IRR is the value of the discount rate at which the NPV of a project is ... (i).. admin@jaiibcaiibmocktest....d ...........com.com....bankpromotionexams...... Either (i) or (ii) d. Only (ii) and (iii) d. Only (ii) c..... 13500 d............jaiibcaiibmocktest... oc kt a.....com.ja Ans ..............com murugan0501@gmail....... www....... (iii) They focus on cash flows rather than on accounting profits iib m Ans . www..com..... 75000.. 10000 b..Rs....com...... Both (i) and (ii) .... 99000. 13500.jaiibcaiibmocktest. (ii) They take into account time value of money... (i) More than zero.com.... ………………………………………………………………………………………………………………………………………………………………… www. Either (i) or (ii) d.... Only (i) and (ii) b.. Opening Stock ..... Only (i) b....Rs.c ............ Only (i) and (iii) c.onlyforbankers.. 112500.com... 09994452442 17 .. admin@jaiibcaiibmocktest. Purchases .. www. Sales . Neither (i) not (ii) ... w w w Cost of the goods ...........onlyforbankers.. (ii) Less than zero iib ca a...... www.....d ............ 24000 Ans – b .bankpromotionexams.. a.. es t Which of the following are the advantages of NPV and IRR method? (i) They gives exact results... 10500 c...www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..

.. X has been omitted from recording in the Sales Book...000 c......com..... presently? a.....com. First b.. What will be the total of credit side.. www.. Third d.. admin@jaiibcaiibmocktest... 1.. www. All cash receipts b.bankpromotionexams....c ..ja a. www......000. Fourth w w w Ans . the difference between the sum of the present value of cash flows of the project and cash outlays for financing the project is not its .... Only (i) and (iii) c. (i) Future value..... 09994452442 18 ....97..com.onlyforbankers......c ....000 b...jaiibcaiibmocktest.com.c o m For a project..com.. Rs... 2.. iib The ..com. Second c......03... 2.....www.. Only (i) and (ii) b..06... (iii) Net present value es t a... (ii) and (iii) kt Ans .000 ………………………………………………………………………………………………………………………………………………………………… www...00. Rs...com.onlyforbankers..bankpromotionexams. All cash receipts and payments d........ A sales of Rs..... Rs.... iib m a. form of Balance Sheet and Profit and Loss account of a banking company is prescribed in Forms A and B of schedule of the Banking Regulation Act........... 3...jaiibcaiibmocktest. admin@jaiibcaiibmocktest....... Only (ii) and (iii) d.. (ii) Internal rate Is return .....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... 1949........com murugan0501@gmail... 2.. ..a ....com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..000 to Mr. All cash payments c. The existing total of debit side of the trial balance is Rs.. www... (i)... All types of transaction oc Cash book records ca Ans .

onlyforbankers. Rs 2.....jaiibcaiibmocktest. Rs........000 sales returns 10.c . kt es t a..... 1.com. admin@jaiibcaiibmocktest. Errors of commission b......30..000 indirect expenses RS 20..... 09994452442 19 . www.000 Rs 10..000 Rs 10.000 Rs 5............com.000 c. Rs 2...... iib m Calculate : oc Ans ...bankpromotionexams..onlyforbankers....jaiibcaiibmocktest..d .... Errors of principle d.ja iib ca opening Rs 40..000 Rs 10..... None of the above a.. www....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d.. Net profit from the following figures ... www..000 .com..50...000 direct expenses Rs 30. Rs 2. admin@jaiibcaiibmocktest....000 closing stock Rs 20.000 purchases Rs 2...... Rs 2.000 b....c o Ans ..com murugan0501@gmail.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..000 w w w a..b .000: Rs 10...com...30.. gross profit c...com...........com.....000 purchases returns Rs 20...... cost of goods sold b. ………………………………………………………………………………………………………………………………………………………………… www.www.com.30.......... Trial Balance is prepared to detect .000 Ans . www...000 d.000 sales Rs 2......94..000 (-) Rs 10..10.com. Errors of omission c......bankpromotionexams...000 Rs 5.000 Rs 5..00.

....jaiibcaiibmocktest....... Important c.. Rs 1.600 d...000 d. Optional d.. 816 c... Situational kt Preparation of Trial balance is : Ans ...000 es t .bankpromotionexams...000 Ans .90..bankpromotionexams..com.800....90........900 was credited to rent a/c will be rectified by: a. www. The compound interest on the same sum.. Debiting rent a/c with 1000 Ans .. 09994452442 20 .com.. Rs. Rs 65. www....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... 81...816 w Ans .... admin@jaiibcaiibmocktest..com murugan0501@gmail.. Rs 50...com.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m What will be the capital of the proprietor if his her assets are Rs 1..... admin@jaiibcaiibmocktest...............c o a..com.00 and liabilities Rs 1.... for two years is Rs.............. Debiting Rent a/c with 900 d......jaiibcaiibmocktest. www...... . RS 75.c ...ja iib a.b ....www.... Rs.onlyforbankers..com..a.com........ Rs.. 1....a ………………………………………………………………………………………………………………………………………………………………… www. rate of interest and for the same period is.. w w Rent paid Rs. Debiting Rent A/c with 1800 b. Compulsory b. 1....25. Crediting suspense a/c with 900 c.. ca Simple interest on a sum at 4% p.... Rs..onlyforbankers.. www.000 b. iib m oc a...000 c..60 b...b .com.com...

72.com.b ... 80. www.30. 4% : Rs..30..... 72..d ...000/c.. 90... admin@jaiibcaiibmocktest. Rs...250/d.. To balance c/d c.ja iib a.250/c... 3.250/Ans . 400 b..... oc kt An asset cost Rs. 400 ca Certain principal amount plus its 5 Year's simple interest makes an amount of Rs..com............ 30. Rs.500. Rs... Rs.jaiibcaiibmocktest.... 82. Rs. iib m a.com......c o a..has residual value of Rs. w w Excess debit in Suspense a/c is written as: a. Rs. Rs.. By balance c/d Ans ...b .com.bankpromotionexams... .www.. Rs. 75..000/-..has residual value of Rs...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... Rs.... 400 c.. Calculate the depreciation for 2nd year using double declining Method.500/Ans . To balance b/d b. 09994452442 21 .. 30.. Calculate the depreciation for 3rd year using Straight-line Method... www.....com...250/b. admin@jaiibcaiibmocktest....com. and is expected to last 4 years... If the interest is 1/4th of its principal.. 3.com......com murugan0501@gmail.000/..onlyforbankers.c ………………………………………………………………………………………………………………………………………………………………… www.000/.. and is expected to last 4 years........... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m An asset cost Rs.onlyforbankers.......500/b...000/-.. www. By balance b/d d... w Ans . 5% ... Rs..000/d....... 82.. 4% .com..... 72. es t .. 6% : Rs....jaiibcaiibmocktest.. find out the rate of interest and the principal amount.. www...bankpromotionexams. 600 d....

www..00....com.000...000 =3:1 ..com...... 80.com..1. 90.....bankpromotionexams.000......50.com. www.. Either (a. w w w A partner can: a... Rs. www.c o a... 09994452442 22 ......000.00..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.......com... Current Liabilities .. Rs..bankpromotionexams. or (b.000 c.. iib m a...onlyforbankers..www.000.1. oc kt Cash ... Total Current Assets .....D ca Explanation : iib Current Ratio = Current Assets : Current Liabilities ..00.000 Ans ... The present gross profit is Rs. 1.......c ... Borrow money b.5 b... www. ………………………………………………………………………………………………………………………………………………………………… www.. 10.com murugan0501@gmail.. 1:3 c..onlyforbankers.3.... What would be the correct amount of gross profit after rectification of the error? es t .d ..... or (c) Ans .ja = 3.000.jaiibcaiibmocktest.. Rs..00....... 1:1. Rs...000 b..10...........com.. admin@jaiibcaiibmocktest.com.... Debtors . Find the Current Ratio. 1.000.. Inventories ..5:1 d..00. 1....com.50.....000.......1.. 3:1 Ans .000 d... Sell goods on credit d.000 : 1. Endorse bills of exchange c.jaiibcaiibmocktest.. admin@jaiibcaiibmocktest.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Purchases book is overcast by Rs...00.. 90......

..........440 c. kt A farmer could not pay annual installments worth Rs. www........... ca .d ..com..b ...... 3..jaiibcaiibmocktest.840 Ans ..... ………………………………………………………………………………………………………………………………………………………………… www. www.. 3.com.. Rs. Loan capital Ans .....c o a....... 800 each for four years.... admin@jaiibcaiibmocktest.. Capital a/c c.....a........bankpromotionexams.. Fluctuating capital a/c c. w w Profits are shown in ..640 d.onlyforbankers.jaiibcaiibmocktest.. Balance sheet w Ans . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Partnership deed does not contain term: .......... www.ja iib a...... how much has he to pay now? iib m oc a..... Appointment of arbitrator d.... Asset side b..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com......200 b...com.com.......... 3.... Audit of A/c es t Ans ...... Fixed capital a/c b....... www.c . side of balance sheet: a........... Cash a/c d. admin@jaiibcaiibmocktest.......... 09994452442 23 .. a/c can show negative balance: .b .......... 3.. Rs.. Rs...onlyforbankers. If a simple rate of interest is calculated at the rate of 5% p... Rs............bankpromotionexams... duties of partner c.... Liabilities side d... Rights............com.. Name of partner b.........com.com murugan0501@gmail.com.www....

.... kt Ans . 10.000 approx......000 approx...547 approx.com murugan0501@gmail.50 d.. www. d..jaiibcaiibmocktest..50 Ans ... 21. Rs...ja The income derived from a 6 --...c .... www.........c o m A man deposits Rs. 13..b ....22.......com.. Rs. 18..com.. Find the sum which will 2 stand to his credit and the end of 10 years from his first payment.. www.000 in a 4% stock at 90. Rs.... d. Rs. Rs... 6. iib m oc A company has issued debentures for Rs. Rs.000 approx....30 c.. www.jaiibcaiibmocktest......547 approx... Rs..... 17...a.. Rs... Rs...% bond at Rs.. 95 is. 6.50 b..com.. 25.. 1.. 11. 11. ..c . es t a...com.000..com...... 09994452442 24 .. admin@jaiibcaiibmocktest. To produce an annual income of Rs.bankpromotionexams....... 12....com.. Rs. 1. 09994452442 ………………………………………………………………………………………………………………………………………………………………… .com... The company has created Debenture Redemption fund for the redemption of debentures at the end of the year.bankpromotionexams...500 ………………………………………………………………………………………………………………………………………………………………… www........... iib Ans .. a....000 approx b..com.. 500 every six months into a bank which allows him 1 interest payable quarterly at the rate of 2 % p.547 approx..00 on 1st January 2012 which are redeemable on 31st December. b. w w w a. Rs...www.000 approx.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... the amount of stock needed is . c... 2015.onlyforbankers.. admin@jaiibcaiibmocktest. 1..onlyforbankers... ca a..... Rs. 10% annual interest will be received on the investment.. c... Calculate the annuity amount. Rs.

25....5% b.. The stock is then quoted at ..... 2 years c.... 4 c...69% By investing Rs.. es t A man invests in a 4..d ....1.000 and would fetch Rs... Rs.5% d. 231.. www... admin@jaiibcaiibmocktest.5% stock..... 10...b ..2. a man earns Rs...com..000 Ans . 0.com...com..00.... ca a... Post payback profit would be .50........ Annual savings (cash inflow) is Rs. 4.500 d.www........ ………………………………………………………………………………………………………………………………………………………………… www..000 in the first year... 1% c.com.27. 3... 1... Rs. 3 years d..... 09994452442 25 .... 93 d. 2..50...bankpromotionexams....... Rs.....00..00..onlyforbankers. Rs.....com.......onlyforbankers..5% stock at 96.... www....bankpromotionexams..c o m b.............000 in second year and Rs...com. Rs. iib m Ans .. 1 year b. Payback period would be .com.00.... 78 b............ 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..... .000... The interest obtained by him is ......000 in third year. w w w a. Rs.com murugan0501@gmail..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com. www.. 4 years Ans .b ..... oc kt a.... www.. Rs 36....ja A machine costs Rs..... admin@jaiibcaiibmocktest..jaiibcaiibmocktest.... Rs.000...300 in a 5......jaiibcaiibmocktest..... 4. 5..c ..... The economic life of a plant is 8 years and its cost is Rs.000 c.. 3 iib Ans ..........

. Initial investment in the plant is Rs.. 2.... The average rate of return would be ......000 es t Ans – d .. Then B = x/2 and A = x/4 A:B:C = 1:2:4... Rs 500 w Ans .onlyforbankers. Then C's share is . Rs 300 c.bankpromotionexams.. ………………………………………………………………………………………………………………………………………………………………… www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ......000. Rs 200 b.000. ...00..com... Rs..com.000 c. Rs..c .[(4/7)*700) = 400 . Rs 400 d.. www....com.com murugan0501@gmail.c o m a.... www..... B...000 b. 45.800 and total depreciation amounts to Rs...00....bankpromotionexams..jaiibcaiibmocktest. 30.......www... C's share Rs.... 700 is divided among A... kt The total flows of a plant after tax but before depreciation for 5 years are Rs.. Rs.....com.2 % c.onlyforbankers.c w w Explanation: Let C = x........com.. ca Rs..32...com... 6... 20.....00.. 09994452442 26 ..... admin@jaiibcaiibmocktest..... admin@jaiibcaiibmocktest....... 6....... 9... Rs.jaiibcaiibmocktest...3 % b........ 3..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 18.....00....4 % d... 4.com.ja iib a.com.. www.2 % Ans .. www....000 d. C so that A receives half as much as B and B half as much as C.... iib m oc a....

... Audit of A/c w Ans ....... 09994452442 27 . Balance sheet Ans ............. a/c can show negative balance: a...www.. Name of partner b.. Transfer entries b....... Appointment of arbitrator d. w w .......onlyforbankers..bankpromotionexams.... Fixed capital a/c b........ www.............com.. Rights....ja iib a......com.. ca Partnership deed does not contain term: ...... duties of partner c..com.....d ..bankpromotionexams. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The journal entries passed for transferring the balances of income & expenditure accounts are called es t .. Sell goods on credit d......com.... oc iib m a. Cash a/c d..jaiibcaiibmocktest..c o a..com....d ..b . admin@jaiibcaiibmocktest................ www....com murugan0501@gmail. Rectifying entries d.d .. Closing entries Ans ..onlyforbankers. ………………………………………………………………………………………………………………………………………………………………… www.. www.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail......jaiibcaiibmocktest.................. or (b..... Fluctuating capital a/c c... www... Adjusting entries c.... Borrow money b..... admin@jaiibcaiibmocktest..........com..com........com... or (c) kt A partner can: Ans .... Endorse bills of exchange c. Either (a....

....... oc iib m A. the cost of capital Ans .25% b...bankpromotionexams... Equal to c....c o a.........75%.50% c......b ....com.www..ja iib a...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m According to IRR.com..onlyforbankers.. www... www..bankpromotionexams. the rate of dividend being 4. Less Than d. then they are transferred to: w Ans ..jaiibcaiibmocktest...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... admin@jaiibcaiibmocktest.com.... 50 each at a discount of 5%........ undertake those investments that has highest IRR.. admin@jaiibcaiibmocktest..com.75% d. Ans – d ………………………………………………………………………………………………………………………………………………………………… www.... provided the IRR is ..com.......... None of these ca If Dissolution expenses are paid by any partner....... Cash a/c c. a. Greater than b.jaiibcaiibmocktest... Intangible account kt Salaries outstanding account belongs to the category of es t .... None of the above.. Nominal account D.. The rate of income on invested amount is .com... Personal account C.... www.........com. Real account B........ 4.... .. 09994452442 28 . Bank a/c d..... 4.a .com murugan0501@gmail.....com.a .onlyforbankers.. None of these Ans ..... w w A person purchased 40 shares of Rs. www.. His capital a/c b............. 4........

.... 20 shares..... 12 b......... iib m oc a.. 18 d.. www. Rs....com..... www.... 120 Ans – d ………………………………………………………………………………………………………………………………………………………………… www.com murugan0501@gmail... None kt Trading account is a: Ans ... His executor a/c c.. 15 c... Nominal a/c d.. es t .... Real a/c c....ja iib a...........jaiibcaiibmocktest. admin@jaiibcaiibmocktest... At What price must he buy the stock? a. Raj wants to purchase a 6% stock which must yield 5% on his capital..... Rs... His loan a/c b.bankpromotionexams..... Rs.. his total share is given to: .. 09994452442 29 .com.b . He wants to have an income of 12% on his investment.c o a....com. admin@jaiibcaiibmocktest.... Rs.......jaiibcaiibmocktest...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com.....onlyforbankers. Personal a/c b.. www.. 105 c.c . Rs... ca At the time of death of a partner... www... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A man wants to buy Rs. 100 b...........onlyforbankers...www. His current a/c w Ans ...com..com. His capital a/c d... Rs....com. At what market price should he purchase each share... w w Mr.......com...bankpromotionexams. Rs.. 20 Ans ... 110 d..b ... the dividend being 9%.... Rs.

....... Both are equally good d......jaiibcaiibmocktest.ja Ans – d .onlyforbankers.... ………………………………………………………………………………………………………………………………………………………………… www..........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com.... 5% at 286 b......3% stock at 81 or 4% stock at 135? Ans ...com.....com. w w w Direct expenses form a part of ............. www.....com murugan0501@gmail............ None of the above Ans ....com... www...... Work in progress stock c.......... www.... Goods manufactured c..bankpromotionexams.c o a.b .. 3% stock at 81 b..... kt Which is better stock .com...... All above ....... Finished goods d.com..........onlyforbankers. ca Opening Stock includes: iib a.. 4% stock at 135 c. Administrative expenses on sales d......5% at 186? es t ....5% at 286 or 3. Goods purchased and manufactured Ans ...com.d .. Stock of raw material b... None of the above iib m oc a...... Both ate equally good d.. Selling & distribution expenses b......... www... a.......jaiibcaiibmocktest.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which is better investment .. admin@jaiibcaiibmocktest....5% at 186 c. 09994452442 30 .bankpromotionexams.... admin@jaiibcaiibmocktest...com...b .www......... 3............

5% b.504 b... 1... Increase in asset Ans – d ………………………………………………………………………………………………………………………………………………………………… www..3% Ans ............ Rs..bankpromotionexams.... 1.c o a. www.200 es t Ans .... Rs.. ca A invested some money in 4% stock at 96..b ...com murugan0501@gmail... 12.onlyforbankers. Balance of capital c....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m By investing in 6% stock at 96. 8.... 120 w Ans .com......... Rs.bankpromotionexams.com.. kt An investment of Rs.. B must buy a stock worth .... B wants to invest in equally good 5% stock........ Rs.com.com.com. w w Partner capital a/c do not contain: a....d .com. Rs. Salary paid d... Interest on capital b.....ja iib a.. an income of Rs.. 7..8% c........ Rs....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 100 will be derived by making An investment of .... Find the rate of interest.... www.com. 780.... admin@jaiibcaiibmocktest... .. 6.. 80 c. admin@jaiibcaiibmocktest.com.. iib m oc a...600 c..000 in a stock quoted at 120 produces an income of Rs...www. www. 77 b... 3..... www.667 d.b ... Rs. Rs...jaiibcaiibmocktest. 1.......jaiibcaiibmocktest........0% d.. 09994452442 31 ....onlyforbankers. 100 d..... 8.....

..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www...... iib a.......000 .600 d..com.......... 09994452442 32 .com murugan0501@gmail.. 1 Ans . w w w In LIFO method of inventory valuation a.. 2 d.....www...................600 b....a .. www...... Rs. M will be agreed & C will be admitted iib m oc a..com.. persons are needed to form a partnership: es t ... R wants to admit C in firm but M does not agree: Ans . Both a & b d..com..........com.....c o a... 4 b....... Neither a nor b Ans .... www...bankpromotionexams..com...ja Ans .. The investment made is...... kt At least ...... Closing stock is at latest price c....com.. Rs.c .. admin@jaiibcaiibmocktest. 9.. Rs...000 c.... www.......onlyforbankers.000...onlyforbankers.. 1.75% stock at 96...... 3 c...................bankpromotionexams... C will be admitted c.... Issue of stocks to production is at latest price b... ca By investing in 3.a ..com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Q. M will be retired d.. Shubhra earns Rs.. 25......com. Rs..... ………………………………………………………………………………………………………………………………………………………………… www.. 30..c ..jaiibcaiibmocktest..jaiibcaiibmocktest. C will not be admitted b......... 10......... admin@jaiibcaiibmocktest.

on which one the interest will be lowest? iib a...b ....onlyforbankers.... ..... 09994452442 33 ... 200 Ans .. is the interest that is paid each year as a fixed % of the amount deposited or borrowed.com........ www.. 1 c...... Half-Yearly compounding c.... www... www. Depreciation is like an insurance expense...com. www.. b............onlyforbankers.c ...jaiibcaiibmocktest.. 100 d.com. 50000 is lent at 10% interest....... Assets that are depreciated are tangible assets..bankpromotionexams.com...... Depreciation is not a part of the operating costs.. 0 b. kt ... Simple Interest d...a Explanation : ………………………………………………………………………………………………………………………………………………………………… www......com. Yearly compounding b. admin@jaiibcaiibmocktest.a . Annuities b.. admin@jaiibcaiibmocktest... Interest c. Compound Interest Ans .... c.com murugan0501@gmail. iib m oc a..www.. ca If Rs...jaiibcaiibmocktest.....com.com..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which of the following is not true es t Ans . w w w Current Ratio of a firm is 1 : 1.......ja Ans ...... Depreciation is an expense charged to the P & L a/c.......bankpromotionexams.com....... What will be the Net Working Capital ? a..... Quarterly compounding d...... Monthly compounding .......... d...c o a........

...... None of these ca Under written down value method of Depn....... Only (ii) and (iii) d...com murugan0501@gmail........ www.... (i). w w w Accounting Standards are mandatory for the enterprises.L) .....c ........bankpromotionexams.... < zero c...... (ii) and (iii) iib a.... www....... www...... Only (i) and (ii) b... Only (i) and (iii) c..A .. admin@jaiibcaiibmocktest.. (ii) Working Capital raised from the bank and term loan instalment payable within one year.. 09994452442 34 .............. equal to zero b. www............C.....d iib m ...www....onlyforbankers..com........com. admin@jaiibcaiibmocktest.com........ja Ans ...com.c o m It suggest that the Current Assets is equal to Current Liabilities hence the NWC would be 0 (since NWC = C. the W D V of the asset is always ...bankpromotionexams..jaiibcaiibmocktest............com.. > zero d. 500 Crores Ans ...jaiibcaiibmocktest....... 5 Crores c. (iii) Provisions Ans ........c . ………………………………………………………………………………………………………………………………………………………………… www... es t Which of the following are current liabilities for the purpose of current ratio? (i) Sundry Creditors and expenses payable..onlyforbankers. 50 Lakhs b............ oc kt a.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail......com..... whose turnover for the accounting period exceeds a. 50 Crores d..com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ...com.........

com. w w w Labour welfare expenses is .. www. Deferred revenue expenditure d....... ca Purchase of machinery is ..... admin@jaiibcaiibmocktest..com...com.. Deferred revenue expenditure d.............a .... www... Governmental Accepted Accounting Principles b...b .....www.com..........bankpromotionexams........ admin@jaiibcaiibmocktest..... Generally Adopted Accounting Principles kt es t Ans .com....jaiibcaiibmocktest... Governmental Adopted Accounting Principles d...........onlyforbankers. None of the above ..... www... Generally Accepted Accounting Principles c........... Capital expenditure b.... a..................d ......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... Revenue expenditure c.......jaiibcaiibmocktest.com murugan0501@gmail.. Ans ........ 09994452442 35 ... Recording b..... Classifying c... iib a. All the above GAAP stands for iib m oc a...com...... Revenue expenditure c...com.....com...b ... www...... None of the above Ans .. ………………………………………………………………………………………………………………………………………………………………… www....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Accounting cycle includes .onlyforbankers........ Summarising d.ja Ans ...bankpromotionexams.c o a.. Capital expenditure b....

.. her annual income is .com....... www.25.... 15% c. Company. Rs..... www. 51 % b...jaiibcaiibmocktest.com.. iib m oc a.bankpromotionexams..... Rs... has paid-up capital of: a. admin@jaiibcaiibmocktest... 3..... 22.. 8. Rs.. admin@jaiibcaiibmocktest..c ... The rate of dividend on stock is .www......880 in a stock at 97 to obtain an income of Rs.. Capital a/c d..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..........onlyforbankers. 25 % Ans – a ………………………………………………………………………………………………………………………………………………………………… www........ 656 w Ans ...c ... 534 c...com... Rs..910 in Rs.com.ja iib a....com murugan0501@gmail. 648 d... 208 b. 5. www. w w In Govt..com....5% Ans .... 8.c o a....com..com............... www.. 49 % c.... 09994452442 36 . Proprietor's a/c b.. kt A man invested Rs..d . Drawings a/c es t Ans ..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The amount brought by the proprietor of the business is credited to ...5% b.onlyforbankers.... 220...bankpromotionexams. ca Maya invested Rs....... 50 % d..jaiibcaiibmocktest.......... 10 shares quoted at Rs....com.. ... Cash a/c c.. If the rate of Dividend is 6%... 12% d.

...... is forfeited for nonpayment of the first call of Rs. If the share is to be re-issued as fully paid up.onlyforbankers....000 was dishonoured with Rs....000 c. 80 is called up. 10.. 39......280.150 c. the minimum amount to be collected will be . 10.400 ca Ans .420 c.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Rs.. Rs..c o a. Rs.com.... 250.... iib A company issued shares of Rs 100 each on which Rs 80 per share is called up.560 d......com.. A shareholder has not paid the call Rs. 150 as noting charges.000 b...d ... Total of debit side of the trial balance is Rs. 100 on which Rs. 40 ………………………………………………………………………………………………………………………………………………………………… www.340 b.. 2.. oc kt A bill for Rs.. Rs..onlyforbankers. w . 39..000 d.. www.000 w w Ans . Rs. Rs.. Rs.. Rs. 8... iib m a.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Rs.bankpromotionexams.. Rs. An equity share of Rs 100 on Which Rs. 39... Rs.. 39.. What should it be after rectification? es t ..com.bankpromotionexams.jaiibcaiibmocktest.........250 d.. 6.. www.. It was renewed with interest of Rs. 39...com.c .. Rs..... www..... Rs.ja a..... 20 per share on 100 shares...000 b.... 10.....com.. 20 b..www.com...jaiibcaiibmocktest.......... The amount of the new bill will be ..c .. Rs.... The amount credited to share capital in respect of him will be . www....com..... a.....400 Ans .... 10..com... 10. 20 per share.... 10. 140 discount allowed to a customer wrongly credited to Discount a/c.... admin@jaiibcaiibmocktest... 09994452442 37 .... admin@jaiibcaiibmocktest.com murugan0501@gmail.. Rs...

...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail......... 80 .jaiibcaiibmocktest. If application money is Rs 2......... www........com....... www............com.........com.. 120 days Ans .c o Ans ..ja The minimum subscription is required to be received in ..b .......... 120 ………………………………………………………………………………………………………………………………………………………………… www.com. kt a....... benefit of the old partners c.. Limited private companies d..com. admin@jaiibcaiibmocktest........ Unlimited private companies c... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c........... A applied for 200 shares but was allotted only 60 shares.... 10 days c.. 1 month d...... benefit of the new partner b.......com murugan0501@gmail. assets and liabilities of the firm are revalued for the ...... Company Limited by guarantee iib m On the incoming of new partner.......... 09994452442 38 ..com.... Rs... www.......d ..www.. 5 days b...onlyforbankers.. period: w w w a.. Unlimited pubic companies b. then share application will be debited with: a.. benefit of the of new and the old partners iib Ans ..........d .. ... Rs.... admin@jaiibcaiibmocktest.. benefit of the old partners who are sacrificing d......... www... 60 d.....com..jaiibcaiibmocktest.onlyforbankers.com...... ca a.... es t Registered companies do not include: oc Ans – d ...bankpromotionexams.....bankpromotionexams...

.. Table D of companies act es t Ans ........com murugan0501@gmail.c o m b...... www. 09994452442 39 .c ...b .. Two accounts B.. Table C of companies Act c..com......... www.. Compensating error b.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Drawing a/c b...com.... Sales A/c c... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .............. Debtor A/c d.jaiibcaiibmocktest....bankpromotionexams. www....... It is: ca a........ Table B of companies Act b... admin@jaiibcaiibmocktest....... will apply: oc iib m Ans ...... In Double entry system of Book Keeping every business transaction affects A... has credit balance: a..........com.com. Table A of companies Act d...www...jaiibcaiibmocktest.. 280 d... Purchase A/c Ans . Principal error d.... Two sides of the same account ………………………………………………………………………………………………………………………………………………………………… www....... 450 If Article of Association is not given then .......ja .....com........b ....... admin@jaiibcaiibmocktest.......a ..onlyforbankers........ None iib Ans ..............com.. www.. kt a........onlyforbankers...com. 400 c.... w w w . Omission error c....bankpromotionexams.......com...... Sale of goods to Mohan for Rs 500 is passed in books only with Rs 50...

.....c ..com......... 7......www.......... 8..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. The same account on two different dates D..onlyforbankers......b = Rs...... Crediting suspense a/c with 900 c..... Situational w Ans .. w w Rent paid Rs. www. Debiting rent a/c with 1000 Ans – a ………………………………………………………………………………………………………………………………………………………………… www. 128... income = Rs.. www..com... 128/1552 x 97 Dividend = 8% .. Compulsory b.... The dividend from the stock is: oc kt a. Preparation of Trial balance is : ... 1552.5% d.....com murugan0501@gmail....com.com.com... 128.. Optional d.....jaiibcaiibmocktest..bankpromotionexams... admin@jaiibcaiibmocktest.. Debiting Rent a/c with 900 d.... 8% c..7% Ans .5% b.....c o Ans . 1552 in a stock at 97 to obtain an income of Rs.com...900 was credited to rent a/c will be rectified by: a..... es t A man invested Rs....... 9.. www... Important c.a ..... www. admin@jaiibcaiibmocktest........ One personal and one real account ...... By investing Rs....jaiibcaiibmocktest...ja iib a...onlyforbankers..com.. 97... income = Rs. ca iib m Explanation: By investing Rs. Debiting Rent A/c with 1800 b.... 8.com.bankpromotionexams.. 09994452442 40 . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m C....

..... Sinking fund method ........ www... ………………………………………………………………………………………………………………………………………………………………… www....com.................jaiibcaiibmocktest....... Annuity method d...bankpromotionexams.....c o a.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Excess debit in Suspense a/c is written as: Ans – c ..... 5 Ans . ca In which method amount of depreciation decreases every year: iib a.. Partners' Capital a/cs d... Written down value method ..bankpromotionexams....com.www.........com..b ... www. 1 b.............month of sanction of Company Law Board: a... kt Revaluation of goodwill must be effected through .com murugan0501@gmail...com........... By balance b/d d........ Straight line method b.com......com....... To balance b/d b.... w w w Shares can be issued at discount within.. 09994452442 41 .... Realisation a/c c..... es t ......... To balance c/d c.........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com....onlyforbankers. 2 c........onlyforbankers. Revaluation a/c b. admin@jaiibcaiibmocktest. P & L a/c Ans – c .............jaiibcaiibmocktest... c. www. www.... By balance c/d iib m oc a......ja Ans ..b .com...... admin@jaiibcaiibmocktest.......... 4 d..

..... www.onlyforbankers.. To issue fully paid bonus shares b. Nominal profits d.. To issue shares at discount d...jaiibcaiibmocktest.......c o a..........d ...... Profit & loss a/c will show: es t ... Real b.....b .. Loss iib m oc a...com. www.....com.......... Must issue a prospectus b......... www..... Personal d....... Doesn't need prospectus ..bankpromotionexams..www...jaiibcaiibmocktest..bankpromotionexams.com..... kt If depreciation is not charged. 09994452442 42 ....... ca A public company having a share capital: iib a......ja Ans ......onlyforbankers. Original profits Ans .com... ………………………………………………………………………………………………………………………………………………………………… www.... w w w Share premium is used for: a.....com murugan0501@gmail.. admin@jaiibcaiibmocktest.a .....com. More profits b....... May file a statement in lieu of prospectus d. To write off preliminary expenses c.com.. Nominal c....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.................. Less profits c.com..... Cannot file a statement in lieu of prospectus c....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Discount on issue of share is a a/c: Ans ...... www..... admin@jaiibcaiibmocktest.... Both a & b Ans ............c ........com..

....... 3..com.... only continuing Partners c.........com.stock? 2 a...d ........com. .a ......375 Ans ... Rs.com... 75.... 3........ iib m oc a...bankpromotionexams... ca A retiring Partner continues to be liable for obligation incurred after his retirement...... www.........com........com.. he does not give Public notice b...537 c... admin@jaiibcaiibmocktest. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m On the death of a Partner..... admin@jaiibcaiibmocktest.. the amount received from join life policy should be credited to the capital accounts of ..... sacrificing ratio b. kt Old profit sharing ratio minus new profit sharing ratio is equal to .. capital ratio d... 3. es t .... 3..... old ratio Ans ...jaiibcaiibmocktest...a ..000 of 4 --..... unpaid amount is transferred to his loan a/c d..com murugan0501@gmail.357 b. www.. Rs.........www...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...... Rs...... www...... if .. ………………………………………………………………………………………………………………………………………………………………… www...... he gives a public notice w Ans .onlyforbankers...a ..com....com........ Rs......bankpromotionexams...... 09994452442 43 . all Partners including the deceased Partner` b... he starts a similar business c..... All of the above Ans ..c o a.ja iib a........onlyforbankers..jaiibcaiibmocktest.. gaining ratio c...... www. w w What income will be derived from Rs. only the deceased Partner d.573 d..

Losses c.... debited to Partners' Capital a/cs kt Premium paid on Joint Life Policy of Partners is ....com.com...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... ………………………………………………………………………………………………………………………………………………………………… www...........com... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m What income can be derived from an investment of Rs.c ......com...........ja iib a....bankpromotionexams......onlyforbankers...... capital ratio w Ans ..........bankpromotionexams.. 345 d. credited to Partners' Capital a/cs b.. a.. Succession d..............c o a... 543 Ans – b . 09994452442 44 . credited to P & L a/c d..........com..a .. 722 b.....com....... admin@jaiibcaiibmocktest.....com. admin@jaiibcaiibmocktest...... Rs... Rs.. sacrificing ratio c.com.. 153? Ans .....www. old Profit sharing ratio b....... Rs.. .. oc iib m a......com murugan0501@gmail.... Profits b. www.... w w A company has a perpetual .. 11... debited to P & L a/c c. 756 c..... ca On the retirement or death of a partner....jaiibcaiibmocktest... Rs.... gaining ratio d...628 in the 6% stock at Rs. www.......... es t .... All the above Ans ..... www......onlyforbankers.a ....... Profit or loss on revaluation is transferred to Partners' Capital a/cs/ Current a/cs in ... www....jaiibcaiibmocktest..

........jaiibcaiibmocktest.....c oc iib m Assets = Capital + Liabilities = 40000+15000 = 55000 ....bankpromotionexams. kt Solution : When an entry is passed on credit Side of Passbook or on debit side of Cash book. the bank balance iib ca a..d . www.. 55. admin@jaiibcaiibmocktest...com. 40 d.000 c..... 20 c....com..... ………………………………………………………………………………………………………………………………………………………………… www...ja Ans ....com...c o a.com.. 40.. www......com.... maximum number of partners consisting of professionals can be a......com murugan0501@gmail... admin@jaiibcaiibmocktest. 25. www. Liabilities Rs.bankpromotionexams..... Rs.. Has no effect d.... Rs.com.... w w w As per companies Amendment Bill 2003..... 50 Ans ... Rs..000........onlyforbankers....... 15.. Decreases c. then Assets Rs....000 b.....000 d.a ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... es t ......onlyforbankers..........000... 45...000 Ans ....... Increases b... www.com. Can increase or decrease .jaiibcaiibmocktest. 09994452442 45 .... Rs... 65. 10 b....com...www... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Capital Rs...

.80. 100. www.c ca [Year 1] Depreciation amount for year 1 = beginning book value x depreciation rate 8.com. 1537.00.jaiibcaiibmocktest.bankpromotionexams. 320000 c..com. admin@jaiibcaiibmocktest. the total profit is..000 ... www.20.c o m Cost of asset = 8. 09994452442 46 .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .20. 240000 b. Rs.. 1425 b... a.com..3. es t a.. www.000 = 4.jaiibcaiibmocktest.com... If 5% of the total profit goes to charity and A's share is Rs.........20.. Rs.ja iib Accumulated depreciation at the end of year 1 = 3.000 Estimated residual value = 10% of the cost Estimated useful life of asset = 5 years Find the book value at the end of 1st year using double declining balance method. Rs.50 d.000 x 40% = 3.00. 855. w w w A and B invest in a business in the ratio 3 : 2. Rs..com murugan0501@gmail. 1576 Ans . 480000 d..com.bankpromotionexams....www. admin@jaiibcaiibmocktest.... ………………………………………………………………………………………………………………………………………………………………… www.. 1500 c..000 ..b Explanation: Let the total profit be Rs....com.00...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. www.000 Book value at the end of year 1 8.000 .onlyforbankers....com.com.onlyforbankers... 660000 Explanation iib m Depreciation rate = (1/useful life) x 200% = 1/5 x 200% = 20% x 2 = 40% oc kt Ans .

b .625 ………………………………………………………………………………………………………………………………………………………………… www.com. 80.. depreciation @ 10% is Rs. 1000 b..... 30.000 on 1st April 2001 and spent Rs. Rs. 12... es t A sum of money at simple interest amounts to Rs. 57..ja a...bankpromotionexams. Depreciation is charged @ 10% on original cost...000 b. total profit = 100/57 x 855 = 1500........ admin@jaiibcaiibmocktest....000 for the first year... www.. Rs.... 27.600 w w w Ans ... Mr.. If A's share is Rs..... ....400 d. 2600 in 5 years...com. A's share = Rs.. 2240 in 2 years and to Rs. Rs. www. 2000 d.. 30....... What is the amount of loss to the written of...com.. 57...jaiibcaiibmocktest.bankpromotionexams....com murugan0501@gmail. 09994452442 47 ...www.. Rs. 24... 35... www. What is the principal amount? kt a.000 for the second year.... What will be amount of depreciation for the third year? .. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..000... On 30th June 2004. Rs.c iib m Explanation: ca SI for 3 year = 2600-2240 = 360 SI for 2 year 360/3 * 2 = 240 principal = 2240 . Rs... 15.. presuming the accounting ear ends on 31st March every year? a.240 = 2000 .com..000 on its over-hauling and installation...300 c.500 b.......... the machinery was sold off for Rs. 855... www... If A's share Rs.... A purchased a second hand machinery for Rs....... 20.com.com..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... 100.onlyforbankers.... 22.. 65...jaiibcaiibmocktest... 2500 oc Ans ...... 1500 c..com. total profit = Rs.onlyforbankers. admin@jaiibcaiibmocktest... iib On a machinery... Rs......c o m After paying to charity.com.......95 x 3/5 = Rs.

....ja Which is better investment ...... 4% stock at par b...5% stock at 110 free from income-tax? w w w a....... 4.c o Ans ....com.. Rs.... Maker ………………………………………………………………………………………………………………………………………………………………… www.com. 13..........com................... The payment of Promissory Note is made by its... www..jaiibcaiibmocktest.. 13... Stock b.....com. www..... None of these iib Ans .bankpromotionexams..095 d.. Rs.... a.. www.. Both are equally good d.www.... es t A limited company is a/an ....... kt a.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c...b ..........5% stock at 110 c.com murugan0501@gmail.com....4% stock at par with an income-tax at 5% or 4...com... None of the above ca a. oc Ans .onlyforbankers.c ....... None of the above Ans ...b ...................... admin@jaiibcaiibmocktest.............. Inventory d.... person. Original b..onlyforbankers..b .... Duplicate c... admin@jaiibcaiibmocktest....505 .... .... 09994452442 48 .... Artificial d.com..........jaiibcaiibmocktest. iib m Sales Journal is also called as ....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. book...bankpromotionexams....com....... Invoice c. www..

com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. www. 09994452442 49 . for 1 year @ 6% = 2160/6 = 360 So. www. 2521 iib m Ans – c Let me Explain : Let us first find the principal Amount iib ca Simple Interest for 6 years @ 6% = 2160 So... the Principal Amount = 360/6*100 = 6000 Now let us calculate. 2151 c.a......com...... ………………………………………………………………………………………………………………………………………………………………… www...a for 6 years w w w ..com.Principal = 8511 .6000 = 2511 So.. www... 2115 b... es t Simple interest on a sum at 6% p.jaiibcaiibmocktest.4185) = 8511 CI = Amount . rate of interest and for the same period is..jaiibcaiibmocktest........ Payee c.......com..com.com.com.. Rs........ The compound interest on the same sum...a for 6 years is : Rs.. admin@jaiibcaiibmocktest..... www...2160. Rs....onlyforbankers.. 6000 at 6% p...... compound interest on Rs..onlyforbankers.com. compound interest on Rs..c o m b. Bank d.... 2511 d..ja A = P(1+r/100)^n = 6000 (1+6/100)^6 = 6000 (1. admin@jaiibcaiibmocktest.bankpromotionexams.. 6000 at 6% p.06)^6 = 6000 (1..... a .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . oc kt a...... Rs.www.. for 6 years is Rs....com.bankpromotionexams...com murugan0501@gmail. 2511 . Rs....... None of above Ans.

....500 .. Fees b.. 5% b..jaiibcaiibmocktest...... 2... admin@jaiibcaiibmocktest. Rs.... 2... the Principle amount = 2800-150-150=2500... increase b... can decrease or increase Ans..... a.......bankpromotionexams..... the bank balance es t ....... www.... Int Rate = 150/2500*100 = 6% ..com.800 in 2 years and to Rs.... decrease c.... Interest d.... has no effect d... 09994452442 50 ... oc kt A sum of money at simple interest amounts to Rs...... w w w Shareholders get ...000 ..com..bankpromotionexams.....com..com.250 in 5 years.com.... Rs..... 3.www.. Commission c..000 ..... www. So. So. a .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 3......com..onlyforbankers. Dividend Ans ....d . 3. ………………………………………………………………………………………………………………………………………………………………… www.jaiibcaiibmocktest.b ca Solution : ...com..... iib m a.... Find the sum and the rate of interest. www..... Amount including interest for 2 years = 2800. Rs...... int for 1 year = 450/3=150.. Rs. 6% Ans ..onlyforbankers..500 ... admin@jaiibcaiibmocktest.... 2.com.com murugan0501@gmail. 6% c....... www..c o a. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m When an entry is passed on credit side of passbook or on debit side of Cash book... 5% d.ja iib Int for 3 years = 3250-2800=450....

...com.360 is Rs.. various items of assets are arranged according to .....ja Ans . ………………………………………………………………………………………………………………………………………………………………… www.. admin@jaiibcaiibmocktest...... 125 b........... Credit side of P & L a/c es t Ans .jaiibcaiibmocktest...c o a..... admin@jaiibcaiibmocktest...... 100 a........com....com..... Assets side of Balance Sheet b....... order.............. Rs..... Purchase c...com.....d . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Premium received on issue of shares is shown in .... Debit side of P & L a/c d.com........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com. www.........jaiibcaiibmocktest. ca A bond carries a specific rate of interest is called as. 135 d. Rs. 09994452442 51 .com........ www... Yield-to-Maturity b. Rs....... iib m oc a.. ...... www........ 130 c. Redemption Value .. Coupon Rate d..bankpromotionexams.onlyforbankers. Rs.. 153 Ans .. Face Value c.... Liquidity Ans ............. Sales b... Stock d....b ..bankpromotionexams.. Liabilities side of balance sheet c..d .. 720.com murugan0501@gmail...www.com...onlyforbankers. kt In the balance sheet..............c .. www........ w w w The income from a 6% stock of Rs 18.... Find the price stock of Rs. iib a...

....www...550 w w ....bankpromotionexams... 100 allowed by the creditors has been posted to the debit to Discount a/c.. Rs... admin@jaiibcaiibmocktest. 09994452442 52 .. www.. admin@jaiibcaiibmocktest. 200 kt Ans . Rs..com..com. straight line method b.com....30 Total ..... www.jaiibcaiibmocktest.. Declining Balance Method c.....bankpromotionexams..jaiibcaiibmocktest..265 -1 .125 ....com........com. www..onlyforbankers... 100 b.. 100 d...128 -1 .....355 P & L Credit Balance .7 ………………………………………………………………………………………………………………………………………………………………… www......com. Accelerated Depriciation oc The method in which depreciation rate is constant is Ans .com.b Net Fixed Assets Cash Receivables Stocks Prepaid Expenses Intangible Assets ... Double Declining Balance Method d. iib m a... 200 c. (-) Rs.. By how much amount will the total of credit side of trial balance increase after rectification? es t a... www...b .com murugan0501@gmail.. ...........c o m Discount amounting to Rs..onlyforbankers....... Liabilities Capital + Reserves . In "straight line method" depreciation amount is constant.com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 09994452442 ………………………………………………………………………………………………………………………………………………………………… .ja w Assets iib ca Depreciation rate is constant in "Declining Balance Method"... (-) Rs...

88 = 167 ………………………………………………………………………………………………………………………………………………………………… www. Debt Equity Ratio = ? iib m 2. admin@jaiibcaiibmocktest.com.com murugan0501@gmail.jaiibcaiibmocktest.com.com Total .CL = 255 .com. www. www.c o . 09994452442 53 .com. Net Working Capital = ? = CA . Current Ratio = ? iib = LTL / Tangible NW = 100 / (362 – 30) = 100 / 332 = 0.bankpromotionexams.ja 4.30 : 1 .100 . Proprietary Ratio = ? w w w = (T NW / Tangible Assets) x 100 = [(362 . 09994452442 ………………………………………………………………………………………………………………………………………………………………… Loan From S F C Bank Overdraft Creditors Provision of Tax Proposed Dividend - es t Facebook Groups (125+1)/88 = 1. Quick Ratio = ? oc = (1+125 +128+1) / (38+26+9+15) = 255/88 = 2. www.com.43 : 11 ca 3. admin@jaiibcaiibmocktest.onlyforbankers. www.onlyforbankers.com.com.www.15 m JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.30 ) / (550 – 30)] x 100 = (332 / 520) x 100 = 64% 5.bankpromotionexams.26 -9 .com.jaiibcaiibmocktest.550 .89 : 1 kt 1.38 .

.. Only (i) and (iii) c... www...com.... (ii) and (iii) w Ans ....15 Lac......com. www.. What is the Creditors Velocity Ratio if Purchases are Rs..............c .....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... admin@jaiibcaiibmocktest....com..c ...com....com. www.... (i) which can be converted into cash during accounting period of one year.com.3 months .bankpromotionexams.. 09994452442 54 ..jaiibcaiibmocktest.5 Lac? ca The Current Assets are not those assets.... admin@jaiibcaiibmocktest..bankpromotionexams..com. 15 Lac? ......www.... the exchange of currencies takes place on a.c o m 6....... If Net Sales is Rs.............. Next Day c. then What would be the Stock Turnover Ratio in Times ? kt = (Average Debtors / Net Sales) x 12 = (125 / 1500) x 12 = 1 month iib m = (Average Creditors / Purchases ) x 12 = (26 / 1050) x 12 = 0. www. (i)..... oc 8.onlyforbankers.........ja iib a.. Second Working Day d.. Third Working Day Ans ............. 09994452442 ………………………………………………………………………………………………………………………………………………………………… = Net Sales / Average Inventories/Stock = 1500 / 128 = 12 times approximately es t 7. (iii) which can be kept moving .. Only (i) and (ii) b.. ………………………………………………………………………………………………………………………………………………………………… www..... w w In SPOT... Same Day b. (ii) which can be sold in the market as current goods. What is the Debtors Velocity Ratio if the sales are Rs..........10.....onlyforbankers.com.... Only (ii) and (iii) d.jaiibcaiibmocktest....com murugan0501@gmail.

.. Risk taking capacity of the business es t Ans .. Rs.com.... www... admin@jaiibcaiibmocktest..... Rs. ………………………………………………………………………………………………………………………………………………………………… www..c . The gross profit which is presently Rs. Arbitrage d.com.a ... 09994452442 55 ...... Double Declining Balance Method d.ja iib a......bankpromotionexams. Spot b. Forward c.com..onlyforbankers.......bankpromotionexams. Financial position of the business c.jaiibcaiibmocktest...000 d. No change Ans .....com. admin@jaiibcaiibmocktest....com murugan0501@gmail..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 19.. 18....... straight line method b. Accelerated Depreciation Ans .......b . 17.....com..... www.... www.500 b..... w w The asset lose an equal amount of value each year in case of a.www..... ..onlyforbankers..d ..500 c........c o a..... iib m oc a. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A balance sheet discloses .jaiibcaiibmocktest....... Rs.... 500 relating to outstanding salary.com........ Cash position of the business b......................... 18.. .....com. Declining Balance Method c.. is called as w Ans .................. Profit earning capacity of the busiess d...... kt No adjustment entry was passed for an amount of Rs... www...........500 will now be . None of these ca Operation of borrowing in one centre and lending in another at higher rate..........com....

.... an account of each head of expense or source of income C.. an account of each property or possession dealt in by the trader in his business D..c o A....com murugan0501@gmail... None of the above Ans ..... iib a... Expense c..........com..www.... Noting charges a/c is debited b..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... Noting charges a/c is credited d. d . admin@jaiibcaiibmocktest..... Asset d.....onlyforbankers... Errors of commission b........ .a ..................jaiibcaiibmocktest. Errors of omission c..... admin@jaiibcaiibmocktest. 09994452442 56 ...........com.. Liability b....... www....com..... Revenue Ans ................. ca For payment of noting charges to the notary public..com...jaiibcaiibmocktest.. an account of each person or firm with whom the trader deals B.....ja Ans.....bankpromotionexams....a .. Bank a/c is debited c........... www..... kt Wrong balancing of an account is an . none m What is Nominal account? es t Ans .com..com.bankpromotionexams..... w w w Salary payable is a: a.b ..... Cash a/c is credited. ………………………………………………………………………………………………………………………………………………………………… www...com...................onlyforbankers....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .. www.... iib m oc a. www..com.. Errors of principle d.

Rs...com. Rs 10123..... www.jaiibcaiibmocktest.bankpromotionexams... Rs 10123. 8820 Ans .ja Explanation: w (25000×(1+12100)3)=>25000×2825×2825×2825=>35123. If partner has debit balance of capital a/c..20 ..30 C...com. Rs. 25000 after 3 years at the rate of 12 % per annum ..com. Rs 10123...com.. www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum.. 09994452442 57 .D oc iib m =>(8000×(1+5100)2) =>8000×2120×2120 =>8820 . Rs. 8620 C. Rs... Debit side of capital a/c b.com... admin@jaiibcaiibmocktest..........25000 w w = Rs 10123...... Rs 10123.40 D...c o A. 8510 B..20 ...... 8730 D.....onlyforbankers.onlyforbankers..... www.... admin@jaiibcaiibmocktest... es t .. Debit side of current a/c ………………………………………………………………………………………………………………………………………………………………… www..com..... Credit side of capital a/c c.www.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www.. How much Albert will get on the maturity of the fixed deposit. kt Explanation: A.bankpromotionexams.20 So Compound interest will be 35123.50 iib Ans ..... then: a..com.20 B...A ca What will be the compound interest on Rs..jaiibcaiibmocktest.com murugan0501@gmail. Credit side of current a/c d..........com..

.......d .....onlyforbankers... (iii) Hedging a..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com... None of the above Ans .... (ii) Discounting...com.. 6251280 d.... es t a.... Ledger ca Ans ... www... 6254280 b. Errors of principle d.......a ....... 3000 short.... P&L account c. Sale of Rs....jaiibcaiibmocktest.......... 6251280... Trial balance Debit side presently shows a total of Rs.a .......... None of the above oc kt Ans ....bankpromotionexams.... Actually it should be? w w w .com. www..... 8000 not recorded into sales book is an ..... (i) Compounding........jaiibcaiibmocktest......... Bills receivable and Bills payable are part of ..com........c o m Ans ...... www...com murugan0501@gmail.....bankpromotionexams......ja a..com.. Errors of omission c.. Calculating future value of cash flows is not known as . admin@jaiibcaiibmocktest.. Errors of commission b.... www.. Journal d..com............. Only (i) and (iii) ………………………………………………………………………………………………………………………………………………………………… www............ admin@jaiibcaiibmocktest.......com............onlyforbankers.. Balance Sheet b.com..b ...... Only (i) and (ii) b...www... 6248280 c. 09994452442 58 .... iib m a. iib Total of returns inward book was added Rs.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .

...... admin@jaiibcaiibmocktest.....com.com. es t Time value of money is irrelevant in ...... 520000 b. .... (ii) and (iii) A person invested Rs........ja Solution: P = 500000 R = 8% yearly T = 1 yr Since compounding is annualy and its only 1-time investment..jaiibcaiibmocktest... 500000 in a bank FDR @ 8% p...... 560000 d.. www..com... Only (i) and (ii) b.... the amount payable shall be .... www.com..com..................onlyforbankers.. (iii) Internal rate of return method iib m Ans . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c........ FV = 500000 * (1+0........ (i). oc kt a.jaiibcaiibmocktest. the formula to be used: ----------------------FV = P * (1+R)^T ----------------------So. Only (ii) and (iii) d.......b ca a. 09994452442 59 ...... (ii) Pay back period method.......c o Ans .... Only (ii) and (iii) d. (ii) and (iii) ... (i).bankpromotionexams....a......com murugan0501@gmail. iib Ans ...com...c . Only (i) and (iii) c....a ..bankpromotionexams.. If interest is compounded on yearly basis... 580000 w w w .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www. ………………………………………………………………………………………………………………………………………………………………… www..... www.com. admin@jaiibcaiibmocktest.08)^1 = 540000 Ans.... (i) Accounting rate of return method....com...www..... for 1 year.....onlyforbankers. 540000 c......

2....com murugan0501@gmail.... 15.com.bankpromotionexams.5000/-.. Foreign Currency Regulation Act c. Foreign Contribution Regulation Act b.c o a. Rs..... 1 b...com.5 ………………………………………………………………………………………………………………………………………………………………… www. Rs. 2 d. 60..000/Ans ...... www..000/-...a.com.. None of the above w w w Ans . What would be the DSCR ? a..jaiibcaiibmocktest.. If the amount of Depreciation is Rs.... www. admin@jaiibcaiibmocktest. .onlyforbankers..... Rs.. monthly average interest on TL is Rs.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m An asset cost Rs..www.com.has residual value of Rs. Rs. www.com.... 30.30. 1.onlyforbankers... oc D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4 = 10 kt Let me explain : ca FCRA means .... and PAT is Rs... 30..com. The amount of Term Loan installment is Rs. Foreign Cheques/Commodities Regulation Act d...... Calculate the depreciation for 3rd year using sum of the digits Method..000/-. 1.20.. admin@jaiibcaiibmocktest.000/..bankpromotionexams.a .....jaiibcaiibmocktest.....5 c. www..000/c. 09994452442 60 .... es t .70.30.......com....... 3..000/...p.com....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...000/d...10000/ per month.ja iib a. and is expected to last 4 years..000/b.2..b iib m 1st year = 4/10(300000) = 120000 2nd year = 3/10(300000) = 90000 3rd year = 2/10(300000) = 60000 4th year = 1/10(300000) = 30000 ..

.... Immediately ………………………………………………………………………………………………………………………………………………………………… www.com............) / Annual Intt + Annual Installment = (270000 + 30000 + 60000 ) / 60000 + 12000 = 360000 / 180000 =2 ....... at which a sum becomes four times of itself in 15 years. Authentication/verification of signature by Indian Embassy d....... Authentication/verification of signature made by friends of the NRI who are staying abroad c.com.... www.......www..bankpromotionexams. www...... www.. 10% B.C es t DSCR = (PAT + Depr + Annual Intt........com murugan0501@gmail. Entries for deposits of cheques into the bank are made by the bank on the credit of customer account a.jaiibcaiibmocktest.. (x*r*15)/100 = 3x [important to note here is that simple interest will be 3x not 4x... because 3x+x = 4x] => r = 20% .....B iib A...com.jaiibcaiibmocktest.. admin@jaiibcaiibmocktest. 40% ca Find the rate at Simple interest......ja Ans .............com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.com.com. 20% C.. www....... 09994452442 61 .........c o Explanation : kt One of the important steps to be taken while opening NRI accounts is ..com. 30% D. ..............com... All of the above Ans ..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans ......c . Authentication/verification of signature made by the relative of NRI in India b..... admin@jaiibcaiibmocktest.. by the bank branch iib m oc a.... .... w w w Explanation: Let sum be x and rate be r% then.onlyforbankers..bankpromotionexams....onlyforbankers......

......com. Drawer a/c ca Bills receivable endorsed are debited to: ............... Avg purchase price es t In the FIFO method supplies are made from the godown for the production at the price of the earliest stock on hand..... Admission b. kt iib m Ans .. Ans .....jaiibcaiibmocktest....... After 7 days d.. www. oc a..a .. www... Current market value d. None Ans ........... 09994452442 62 .. Creditors a/c d...com.........com....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ... admin@jaiibcaiibmocktest.....ja Ans ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....bankpromotionexams. Price paid for the latest lot b.. Retirement c... Death d..com.....com.. Sacrificing ratio is calculated at the time of: w w w a............onlyforbankers....b ......c o m b..... www.... admin@jaiibcaiibmocktest...www.bankpromotionexams......com.......c ..... ………………………………………………………………………………………………………………………………………………………………… www. The closing stock is valued at the …… iib a. After reconciliation....... Debtors a/c c.... www.jaiibcaiibmocktest..com... B/R a/c b........com murugan0501@gmail..................com.a .....onlyforbankers.... Price paid for the earliest lot c. On their clearing/collection c....

....d . www........jaiibcaiibmocktest..... admin@jaiibcaiibmocktest.... Full value of goodwill c.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m On the admission of a partner.com..onlyforbankers............b ..com...............onlyforbankers........ja Ans ..c o a... Depreciation a/c Ans .. 6 month b. Old partner's capital a/c d...... decrease in the value of machinery is debited to: Ans ..com.. ca When all partner's are insolvent..com murugan0501@gmail.....a .....b ...com....com.. No goodwill kt A firm earning losses and is in dissolution process........ have: es t .... Creditors c..................com.. www... oc iib m a... ………………………………………………………………………………………………………………………………………………………………… www.. admin@jaiibcaiibmocktest..www. www..... 09994452442 63 . Goodwill equal to share of partners d. www.. Revaluation a/c b....bankpromotionexams. 1 year c. Government b. w w w Short term loans are due for payment within: a. Partners d..... Nominal goodwill b......... the loss is then borne by: iib a......... 30 days Ans ......com.jaiibcaiibmocktest....com. 2 year d... Firm collectively ..............bankpromotionexams...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Machinery a/c c..........

.com.......ja Ans .. iib m oc a.. Certificate given by the ROC d. Certificate given by the Local Authorities c.....000 b.. Copy of Bye-Laws b....bankpromotionexams............ iib a.......a .... Minors alone b. Illiterate Persons c.... 14. Copy of Bye-Laws b. 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t Ans .onlyforbankers.............com..... No document is to be verified in case of Govt Departments.jaiibcaiibmocktest...... Rs.. www...... as it is exempted m In case of societies.a..c o a.. ca In case of Government Departments.. No document is to be verified in case of societies... kt Current account can be opened by . as it is exempted ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... the important document to be verified is ...d . 09994452442 64 ......000 Ans ......onlyforbankers.... Blind Persons d.com..... Copy of Government Orders c...? a. www..... admin@jaiibcaiibmocktest. www..com..com murugan0501@gmail.. 16..bankpromotionexams. Rs..www. Rs...com.. www........000 c....b ...com................................... 1320 as compound interest for the second year @ 10% p.. admin@jaiibcaiibmocktest.com. Rs.... the important document to be verified is .... 12...... 10....... None of the above Ans ........ .. Certificate given by the ROC d..000 d.b ......jaiibcaiibmocktest.com... w w w What is the principal amount which earns Rs... ………………………………………………………………………………………………………………………………………………………………… www.

1.. Risk Based Supervision d....com.....................com....www.........900 c...500 b...... www..jaiibcaiibmocktest..jaiibcaiibmocktest.....d . Cash book c. ca Rent prepaid account is of the nature of iib a.... w w w Following is known as the book of prime entry a....ja Ans . iib m oc a..... www.. 8......bankpromotionexams..com.com..... www.bankpromotionexams..............com murugan0501@gmail. Rs. Rs. Rs............c ....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.onlyforbankers... all Ans . Intangible account .. Journal b. The banker's discount is ..... Real account b.... Market Discipline es t Ans . 7... Supervisory Review Process c......... 09994452442 65 ........... Rs.. kt The banker's gain on a sum due 3 years hence at 5% is Rs........ admin@jaiibcaiibmocktest.com.c o a... 6..onlyforbankers.. admin@jaiibcaiibmocktest.. Nominal account d..b .........com.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which one is not among the three pillars of BASEL II ? ....... Subsidiary book d..... 900.... ………………………………………………………………………………………………………………………………………………………………… www. www.... Minimum Capital Requirement b.......20 d...com.b . Personal account c......100 Ans ....com.

..com.... 1.... 100 per month in a Recurring Deposit account carrying Simple interest @ 6. Rate = 6/2 = 3% Amount=100(1+3100)2=106. 1..14% Ans ..09 .. www.onlyforbankers. 6% D. Rs.09% .242.A oc kt Explanation: Let the amount Rs 100 for 1 year when compounded half yearly.....jaiibcaiibmocktest.... admin@jaiibcaiibmocktest.www..... 5% C...bankpromotionexams.com....B w .100)% = 6.200........ www. Rs.com. on Rs 800 for 1 year = 40 Rate = (100*40)/(800*1) = 5% . 6.. admin@jaiibcaiibmocktest....... a. ca A... 7% iib Ans .25 c.12% D.. Rs... www...com.. 1. n = 2....com...onlyforbankers... 4% B.jaiibcaiibmocktest.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..c o A.09% B. 6..com. www.5% Find the amount at the end of one year..10% C.com.I. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will be es t .09 Effective rate = (106...... 6. iib m A sum of money invested at compound interest to Rs... Rs...25 d...com. 1.com murugan0501@gmail... 6...25 b.. w w A person deposits Rs. 09994452442 66 ...bankpromotionexams..ja Explanation: S...278... 800 in 3 years and to Rs 840 in 4 years.... The rate on interest per annum is.25 Ans – c ………………………………………………………………………………………………………………………………………………………………… www...300..

. Only (i) b.... (ii) Back Office .......bankpromotionexams............ Loan capital Ans – c ………………………………………………………………………………………………………………………………………………………………… www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Operating Instructions on Joint Accounts can be ..... Only (i) and (ii) b........com....... admin@jaiibcaiibmocktest.ja iib a.... Only (ii) and (iii) d.. (1) Either or Survivor.. 09994452442 67 .. www......... Central Online Real-time Environment b.... Only (ii) c.. (i)....... (ii) Former or Survivor.com.......... Fixed liability b... Centralized Online Real-time Environment c...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.com.... Only (i) and (iii) c..... (iii) Later or Survivor es t .. (i) Front Office. Centralized Online Real Environment d. (ii) and (iii) Ans ...com....com....com murugan0501@gmail..onlyforbankers.. Either (i) or (ii) d.....com.... ca Identifying KYC gaps........ www.b . Ans .bankpromotionexams.www.com... customer grievance redressal system is the function of ....jaiibcaiibmocktest.............onlyforbankers. admin@jaiibcaiibmocktest. Current asset c.jaiibcaiibmocktest.c o a..d . w w Creditors are included in: a.. Current Viability d. Neither (i) nor (ii) w Ans . www.b .... Centralized Offline Real-time Environment kt The word Core in Core Banking Solutions (CBS) stands for .. iib m oc a....... www.....com........

.... email...jaiibcaiibmocktest... (ii) and (iii) kt Ans . Goods given as charity of Rs 500 are: ..com murugan0501@gmail....com.. (i)....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . 09994452442 68 ... www....com.a ... Remuneration to partner only d.c ........com....com.......... es t a... (i) KYC – proper verification of KYC... Debited to purchase a/c c.... www...com..d ......com.. Gross income oc Net profits are considered as: ca Ans .. SMS. www.... www......www.c o m All the loans sanctioned must comply with .. Only (i) and (ii) b.. Increase b.. admin@jaiibcaiibmocktest.....ja iib a. Only (ii) and (iii) d........ fax....bankpromotionexams. No effect c.... Credited to charity a/c b. Decrease Ans – d ………………………………………………………………………………………………………………………………………………………………… www.... the borrower must be sent with reminders through post....onlyforbankers.. (ii) CIBIL disclosure – Borrower should agree and give consent for disclosure by the Bank....jaiibcaiibmocktest.bankpromotionexams... admin@jaiibcaiibmocktest......... Remuneration of enterprise b..........com.. w w Expenses proprietor equity: a...... Only (i) and (iii) c...com... Changes d.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Credited to purchase a/c w Ans ... iib m a. (iii) Default – In case of default... Salary to Manager c...onlyforbankers... Debited to charity a/c d.

. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Decrease in asset is credited but decrease in capital .....jaiibcaiibmocktest.....jaiibcaiibmocktest.....com murugan0501@gmail...........com..... w w w If furniture is purchased on credit then it be shown in: a.. Either a or b d....... www.... Cash transactions in any subsidiary book ..com.bankpromotionexams........ Due to delay in dispatch c.. Either a or b Ans .............com. Debited c....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...........com...c ..com..d .com. Credited b....... Any of these Ans .... admin@jaiibcaiibmocktest...onlyforbankers.. Debit side of cash book b.b ...... Due to defect b. kt Goods are returned: iib m oc a. Not shown in cash book c.....bankpromotionexams.... Credit side of cash book d................ ca Journal proper records: iib a.. www.c o a..... 09994452442 69 ..onlyforbankers. None es t Ans ......www........... Due to violation of item d....... All transaction b..... Credit transactions c. www...com..b ... ………………………………………………………………………………………………………………………………………………………………… www.......... www..com...... admin@jaiibcaiibmocktest... Transaction not recorded in subsidiary books d.......ja Ans ....

Rs 7925 w w w Ans ..jaiibcaiibmocktest.I....A kt Explanation: oc S. in 5 years.B Explanation: S..jaiibcaiibmocktest.com. the principal was es t ..... iib There was simple interest of Rs.25*100/9/5 = 8925 .. www. 4100 B........*100/R/T P = 4016.........onlyforbankers.I.......I..bankpromotionexams..*100/R/T iib m By applying above formula we can easily solve this question. 1230. Rs 7925 B..... as we are already having the simple interest. ………………………………………………………………………………………………………………………………………………………………… www..=P*R*T/100 =>P=S.... admin@jaiibcaiibmocktest.... admin@jaiibcaiibmocktest.com.=P*R*T/100 =>P=S..com... ca P = 1230*100/6/5 = 4100 ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest.com..com.a...com murugan0501@gmail......c o A......... 4016.onlyforbankers.....bankpromotionexams.. 4200 C.com. 4400 Ans .com. www.ja A... www.I...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. 4300 D............ www. 09994452442 70 ..com. If the total interest paid was Rs.25 on a principal amount at the rate of 9%p.www. Find the principal amount . Rs 8925 C.. Rs 7926 D.

..b ....com... Rs.......ja iib a. www.........com....com murugan0501@gmail...000 d. Debit b............bankpromotionexams.....com. admin@jaiibcaiibmocktest..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Excess of credit side over debit side is called: . kt All liabilities has ... opening balance: iib m oc a. 4..com..a . ....com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..c ........400 c...... None d..a....... ca The banker's gain of a certain sum due 2 years hence at 5% p.....bankpromotionexams...com... Rs.000 w Ans ...... 4. 8.... Cash Ans . Credit c.. ………………………………………………………………………………………………………………………………………………………………… www..........000 b... Deposit slip c....www.... Cheque d.. is Rs...com...........jaiibcaiibmocktest.....onlyforbankers......... Rs.. Debit balance c.... Only a Ans ..c o a.. w w Withdrawal from bank can be made through: a.......... www.... admin@jaiibcaiibmocktest.. Rs... Over draft only d... www.... www..onlyforbankers........ Either b or c es t Ans – a ......... 09994452442 71 .. The Present worth is .. 6.... Credit balance b......com. Pay-in-slip b...jaiibcaiibmocktest. 40....

com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.........onlyforbankers.. admin@jaiibcaiibmocktest..... 225 c.. which offer is better? ca Ans .. Both are equally good b. Rs 16.a.www....com. None of the above oc kt You want to sell your fridge.) in a period of 3 years is A.. Rs.bankpromotionexams.000 is due 10 years hence at simple interest rate 5% p.. Rs...com......com..500 due 6 months hence d. 16.......com.. iib m a..... A bill of Rs. Add d. Rs..jaiibcaiibmocktest.200 in cash c.jaiibcaiibmocktest...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m When a cheque is deposited in bank. Credit b. bank will our a/c: . Rs....com. www. Rs........... Rs..bankpromotionexams. 155..200 and another at a credit of Rs...com.. 300 d.50 B.25% per annum simple interest. Rs.. one at cash payment of Rs. 2.. 200 b...... If A lends Rs....... 154. . www.500 to be paid after 6 months... Find Banker's discount... If money being worth 6..a... 09994452442 72 .com murugan0501@gmail. 16.....a .....000 w w w Ans – d .... Subtract es t Ans ...... 157. 156.b ...... There are two offers.50 ………………………………………………………………………………………………………………………………………………………………… www....50 D... then the gain of B (in Rs. Rs. admin@jaiibcaiibmocktest...... www.5% p. and B lends the same sum to C at 11.c o a. www.....com......a. 1.. 3500 to B at 10% p...50 C... Debit c. 16..ja iib a.. Rs..onlyforbankers.com...

..com... First we need to calculate gain for 1 year only.. admin@jaiibcaiibmocktest.. simple interest..com.D .. where we take money at some interest and lends at other.. www.onlyforbankers. 113......c o Explanation: kt It will be.bankpromotionexams.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans . ………………………………………………………………………………………………………………………………………………………………… www. iib m A.C iib Explanation: .......a. Gain in 2 year = [(5000×254×2100)-(5000×4×2100)] = (625-400) = 225 So gain for 1 year = 225/2 = 112..... www.. es t We need to calculate the profit of B.. 112... 5000 for 2 years at 4% p.com. www....jaiibcaiibmocktest. oc Ram borrows Rs.50 .50 ca Ans .. w Second.onlyforbankers.bankpromotionexams. 111....50 C.....50 D. SI on the rate B lends .. 110..... then we use to subtract each other to get result in this type of question.jaiibcaiibmocktest.... admin@jaiibcaiibmocktest. He immediately lends money to Rahul at 25/4% p..com. Find the gain of one year by Ram.. www. w w Lets solve this Simple Interest question now..50 B..com..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.50 ....com murugan0501@gmail..www...com..a......SI on the rate B gets Gain of B = 3500*11....1050 = 157. for 2 years.......... 09994452442 73 ...com.50 .......com...ja Two things need to give attention in this question.5/100*3-3500*10/100*3 = 1207..

. the principal was w w w Explanation: S. Rs...com.....5/100*3-3500*10/100*3 = 1207. SI on the rate B lends ..1050 = 157. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m If A lends Rs....I.*100/R/T By applying above formula we can easily solve this question...com.jaiibcaiibmocktest.50 B. kt Ans . then the gain of B (in Rs... www.com...... admin@jaiibcaiibmocktest.. and B lends the same sum to C at 11.com.. 154... 4200 C. 155.. Rs...onlyforbankers.50 ..50 C...50 ...c o A. www...a. 156.5% p.=P*R*T/100 =>P=S...... Rs. If the total interest paid was Rs..com. Rs...www. as we are already having the simple interest..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com..jaiibcaiibmocktest..ja Ans .. P = 1230*100/6/5 = 4100 .50 D.com murugan0501@gmail..... admin@jaiibcaiibmocktest. 09994452442 74 ......) in a period of 3 years is … iib m oc Explanation: We need to calculate the profit of B....D es t .com.. www. 3500 to B at 10% p.......I.50 ...... 4400 ca Sahil took a loan for 6 years at the rate of 5% per annum on Simple Interest.. 157.... 1230.. It will be.. www..... 4100 B...SI on the rate B gets Gain of B = 3500*11.bankpromotionexams.A iib A.a....onlyforbankers...com. ………………………………………………………………………………………………………………………………………………………………… www.. 4300 D.bankpromotionexams.

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

In case of joint account, stop payment of cheque should be authorised by ...... (i) only primary
customer, (ii) all the authorised signatories, (iii) any authorised signatory

es
t

.c
o

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
.............................................

Ans - a

iib
m

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

oc

kt

Banks can undertake Pension Fund Management...... (i) with prior approval of RBI, (ii) subject to
satisfying the eligibility criteria prescribed by PFRDA, (iii) departmentally

ca

PFRDA - Pension Fund Regulatory and Development Authority
.............................................

iib

As per RBI guidelines, banks can't outsource ...... (i) determining compliance with KYC norms, (ii)
according sanction for loans, (iii) management of investment portfolio.

w

w

w

.ja

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

Ans - d
.............................................
Banks are not permitted to levy penal charges for non-maintenance of minimum balances in
any inoperative account with effect from ......
a. 01.03.2014
b. 06.03.2014
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

c. 01.05.2014
d. 06.05.2014

.c
o

Ans - d
.............................................

es
t

In case of term deposits with "Either or Survivor" or "Former or Survivor" mandate, banks are
permitted to allow premature withdrawal of the deposit ...... (i) by the surviving joint depositor
on the death of the other, only if, there is a joint mandate from the joint depositors to this
effect

iib
m

Ans - d
.............................................

oc

kt

a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)

iib

a. Asset side
b. Capital a/c
c. Liabilities side
d. Loan capital

ca

Profits are shown in ........ side of balance sheet:

.ja

Ans - c
.............................................

w

w

w

Under Fixed Capital Method, for each partner, the following account/s is/are maintained.
a. Partner's Capital A/c
b. Partner's Current A/c
c. Both a & b
d. Any one of the two
Ans - c
.............................................

…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

Composite Vouchers

es
t

Ans - c
.............................................

.c
o

a. Evidences only debit to an account
b. Evidences only credit to an account
c. Evidences both debit and credit to different accounts
d. None of these

oc

kt

A company had issued and received share capital of shares (face value RS.10) and called
application@ Rs5/- and allotment money Rs 5-/ Holders of 200 shares failed to pay the
allotment money. What amount will the company forfeit?

iib
m

a. Rs. 500
b. Rs. 1,000
c. Rs. 2,000
d. Rs. 10.000

ca

Ans – b
.............................................

iib

A company issues 3,00,000 share of Rs. 10 each at discount of Rs. 1 per share. What will be the
amount of paid up capital?

.ja

a. Rs. 3,00,000
b. Rs. 2,70,000
c. Rs. 30,00,000
d. Rs. 27,00,000

w

w

w

Ans - c
.............................................
The Receipts & Payment a/c of a cricket club shows the following details :
Subscriptions :
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

There are 12,000 members each of them paying an annual subscription of Rs. 20. The amount
to be credited to Income & Expenditure a/c will be ...

es
t

.c
o

a. Rs. 21,600
b. Rs. 22,600
c. Rs. 23,600
d. Rs. 24,000
Ans - d
.............................................

oc

kt

A sum of money amount to Rs.2,240 @ 4% simple interest in 3 years. Find the interest on the
same sum for 6 months @ 3.5% p.a.

iib
m

a. Rs. 35
b. Rs. 40
c. Rs. 45
d. Rs. 50

ca

Ans - a
.............................................

.ja

iib

Stock of stationery of a club on 1st January 2005 Rs. 3,000;
Creditors for stationery on 31st December 2005 Rs. 2,000;
Opening balance of creditors for stationery Rs. 3,000;
Payment for stationery during the year 2005 Rs.14,000;
Stock of stationery on 31st December 2005 Rs. 2,000.
The amount to be charged for stationery to the income & Expenditure a/c ...

w

w

w

a. Rs. 13,000
b. Rs. 14,000
c. Rs. 15,000
d. Rs. 16,000

Ans - b
.............................................

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

Bank Reconciliation Statement is prepared with the help of ......

.c
o

a. Bank Passbook
b. Cash column of cash book
c. Bank Passbook and bank column of cash book
d. Bank Passbook and cash column of cash book

es
t

Ans - c
.............................................

oc

kt

A firm purchased a machinery worth Rs. 2,05,000 and spent Rs. 20,000 on its installation. Its
effective useful life is estimated at 10 years and scrap value Rs. 25,000. What will be the
depreciated value at the end of 3rd year under straight line method?

iib
m

a. Rs. 2,25,000
b. Rs. 60,000
c. Rs. 1,65,000
d. Rs. 45,000

ca

Ans - c
.............................................

Calculate gross income from the following information:

w

w

w

.ja

iib

sales Rs 2,00,000
opening stock Rs 20,000
purchases 1,20,000
purchase returns 2,000
wages 14,000
freight 6,000
salaries 40,000
closing stock 24,000
a. Rs 60,000
b. Rs 78,000
c. Rs 1,34,000
d. Rs 66,000

Ans - d
.............................................
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

Solvency means:

.c
o

d. None of these

es
t

Ans - a
.............................................

kt

Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

iib
m

oc

A. Rs. 610
B. Rs. 612
C. Rs. 614
D. Rs. 616
Ans - B
Explanation:

iib

ca

Amount=[7500×(1+4100)2]=(7500×2625×2625)=8112
So compound interest = (8112 - 7500) = 612
.............................................
Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

w

w

w

.ja

A. Rs 312
B. Rs 412
C. Rs 512
D. Rs 612

Ans - D
.............................................
Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded
quarterly
A. Rs 2520
B. Rs 2521
…………………………………………………………………………………………………………………………………………………………………

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.10 w Ans ..jaiibcaiibmocktest.=[1000(1+10/100)4-1000] = 464..... admin@jaiibcaiibmocktest. www.c o Ans ...10 So difference between simple interest and compound interest will be 464.onlyforbankers......I=18522-16000=2522 ...bankpromotionexams.com murugan0501@gmail. Rs 62..jaiibcaiibmocktest. 09994452442 81 .... www.10 ..I....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. oc Principal = Rs........ admin@jaiibcaiibmocktest.10 .16...... ………………………………………………………………………………………………………………………………………………………………… www. Rs 64. Rate = 20%...ja iib A. www.....C w w Explanation: S....I.. Time=9 months = 3 quarters..... Rs 65..400 = 64..com. ca What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years ? .10 B.com.C Explanation: es t Please remember..10 D... when we have to calculate C. Rs 63. www. Rs 2523 ......bankpromotionexams...10 C........ quarterly then we apply following formula if n is the number of years iib m So lets solve this question now..000..com.com.com.....onlyforbankers.I.= 1000*10/100*4 = 400 C..com....com.......www. Rs 2522 D..com. it will be 20/4 = 5% kt Amount=P(1+R4100)4n Amount=16000(1+5100)3=18522C.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m C...

ja Ans .. 2 1/2% of paid up capital b.com.. 2 1/2 of called up capital es t Ans .c o a.www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Underwriting commission on share issued by banking company can't exceed: .... is the whole time servant of bank...........onlyforbankers.com.200 d..916 b....... Real A/c b..... www. Manager d.com.. www.com.. 5.... www. admin@jaiibcaiibmocktest........ He wants to pay this in two annual equal installments..400.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail........jaiibcaiibmocktest...com......... Rs.. 09994452442 82 .onlyforbankers. www............000 Ans .. Chairman c.. 2.. Personal a/c c. admin@jaiibcaiibmocktest.. Nominal a/c d... Rs....... 10.... Director b.........bankpromotionexams...832 c.. 2% of paid up capital c.. kt .........jaiibcaiibmocktest......... Find the amount of each installment.. Rs. Member Ans ..........com.........com murugan0501@gmail..a ..... iib m oc a...com. iib a..com.... 5... Rs.. None ca Debit the debtor and credit the creditor's rule apply to: .b ... a.. A borrowed Rs....... w w w Mr. The rate of compound interest is 8% per annum.....b ................bankpromotionexams.. ………………………………………………………………………………………………………………………………………………………………… www.... 5.....b . 3% of paid up capital d.....

com..095 w Ans .... Rs. admin@jaiibcaiibmocktest. 700 d..000 was taken on 1st January 2005 for 2 years.com. Rs. Rs...045 c.. oc iib m a... Decrease in loss b.. By c.... w w Narration starts with word: a...com... Calculate the Annuity (Annual Depreciation) if rate of increase is 10% p. 46..jaiibcaiibmocktest.c o a. Rs. 600 b.... Decrease in capital d.......... To b..com...... www.. credit means: Ans – a ..onlyforbankers........com.. www.. es t .. www......... Rs........ www.... Rs.....com...com. Rs... .095 b.a.. 09994452442 83 .......com... If the rate of compound interest is 5% p. 650 c..com murugan0501@gmail.jaiibcaiibmocktest... 44... Increase in expenses kt In double entry system..795 d... 40... 800 Ans ..a...d ..80...522 payable in three equal annual Installments..www......... 46..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.onlyforbankers... admin@jaiibcaiibmocktest.....ja iib a.. Being d. Rs. Increase in asset c...bankpromotionexams....bankpromotionexams.. find out the amount of each installment... ca A lease of Rs.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A person wants to pay his loan of Rs...... With Ans – c ………………………………………………………………………………………………………………………………………………………………… www.d .. 2..

....com.000 Ans .....000 c...... Rs.a ...com............ oc kt The present worth of Rs.. Save income tax c...bankpromotionexams.. 17. 9....com murugan0501@gmail.. www.750 Rs.com... The amount to be credited to Income & Expenditure a/c would be es t .000 and expenditure incurred from the fund is Rs..625 Rs.. Rs. iib m Rs...... 6.com. The purpose of depreciation is to: .. Allocate the cost w Ans ...500 Rs.......... admin@jaiibcaiibmocktest.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m In a club. Reduce fixed assets b.. 31 Mar c...ja iib a.... a.... amount received from special fund is Rs. 09994452442 84 .. www.. 8..... Reduce fixed assets to nil d.bankpromotionexams..jaiibcaiibmocktest... w w Accounts in banks are closed on .. simple interest is ...d ........ 9. 31 Dec b.onlyforbankers........ admin@jaiibcaiibmocktest.. every year.. Nil b.jaiibcaiibmocktest...... 30 June d.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail........com..b ..... 6..a..www.. 31 July Ans – a ………………………………………………………………………………………………………………………………………………………………… www....com.onlyforbankers....000.... 7. 17... 7.... www. 6..000 ca Ans .. www.com......000 d......... Rs.c o a.020 due in two equal half-yearly installments @ 8%p..com.

....a ..... Will not affect funds position d. Decrease in sources of funds c......bankpromotionexams......24 b.... 6 years c. www.d ...............com...com.com.com......... 7 years d....a.c .......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Increase in source of funds b.for a definite period between two definite dates. Both (i) and (ii) Ans . www....www.... Ans . oc iib m a..c o a... 4442. 09994452442 85 .. 4424..24 c... The funds flow statement is required atleast for .. Only (i) b...onlyforbankers. ca The Term Loan is required to be repaid in 7 years...bankpromotionexams. 4244...com murugan0501@gmail...... admin@jaiibcaiibmocktest.com..jaiibcaiibmocktest.. (ii) use of funds es t .44 ………………………………………………………………………………………………………………………………………………………………… www.com..com...com. 8 years w w w Ans ...... The amount of EMI will be? a. None of the above kt Increase in liabilities and decrease in assets will indicate..... admin@jaiibcaiibmocktest... (i) source of funds. 50000 from the bank @ 12% p....44 d...... Rajesh borrowed Rs. Only (ii) c..... Either (i) or (ii) d. 5 years b............ 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A fund flow statement is a statement of .......... ...... www....jaiibcaiibmocktest... 4424.. www.. payable on EMI basis...ja iib a.. for 1 year...onlyforbankers....

... Both (i) and (ii) Ans ........com..... Only (ii) c.......01% (In EMI or Equated Monthly Instalment.............com.d kt iib m oc The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .126825 = 4442..com.... www..01*1....www.. admin@jaiibcaiibmocktest.jaiibcaiibmocktest.....com.4125 / 0.. 09994452442 86 .... admin@jaiibcaiibmocktest... ………………………………………………………………………………………………………………………………………………………………… www.com....01*(1+0..onlyforbankers..bankpromotionexams.. Only (ii) c..1 } -------------------------------------------------So.. (i) accounts..b .. (ii) bookkeeping a.....c o Solution: P = 50000 R = 12% / 12 = 0. bank would need..... we multiply time with 12) iib a.... tea etc. Only (i) b........ (ii) A cash flow statement .. www.com.. w w w Luca De Bargo... (i) A fund flow statement.44 ....ja Ans .........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. so we divide rate by 12) T = 1*12 = 12 (In EMI or Equated Monthly Instalment.... www..... for knowing immediate liquidity position.. es t . we need to find monthly rate..126825) ÷ 0..01)^12 – 1} = (50000*0.. Only (i) b.......com.01)^12 ÷ {(1+0...........d ..com murugan0501@gmail...jaiibcaiibmocktest.. www.onlyforbankers...... EMI = 50000*0...... an Italian monk in Venice gave birth to the modern concept of . Both (i) and (ii) ca For a seasonal industry unit like sugar.126825 = 563.com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans .. Either (i) or (ii) d.... Either (i) or (ii) d.bankpromotionexams...

.c o a... (ii) and (iii) oc kt In double entry bookkeeping.. Only (i) and (ii) b..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... (iii) Surplus es t ...... admin@jaiibcaiibmocktest... www..... Only (i) and (iii) c.. (i) Reverse entry....com murugan0501@gmail........... What is a Ledger? .. Only (ii) and (iii) d.. b.... iib m a.... where all transactions relating to a particular account are recorded at one place..... A book where all business transactions are recorded daily.....onlyforbankers. (iii) Revenue a.. Only (ii) and (iii) d.a .........com.. www. (i). Only (ii) and (iii) d.com..onlyforbankers...... w w The credit balance in the 'Capital Account' is not a/an ..com. (ii) and (iii) Ans . (i). www..ja iib a.. (ii) Asset.. None of the above....... w Ans . Only (i) and (ii) b.. Only (i) and (iii) c. (ii) and (iii) Ans – c ………………………………………………………………………………………………………………………………………………………………… www... A book................ (i).......... d.. c.....a .. (i) Liability.. admin@jaiibcaiibmocktest... entry. (ii) Adjusting entry. A book where only cash transactions are recorded....com.d .com.. Only (i) and (ii) b.com.. (iii) Contra entry ca Ans . (ii) Reserves.....jaiibcaiibmocktest. entry is not balanced with a corresponding . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m How do profits made from normal operations retained in business appear in the balance sheet? (i) Capital.... Only (i) and (iii) c.com..jaiibcaiibmocktest....... www....www...bankpromotionexams..... 09994452442 87 .bankpromotionexams...com.

. Calculate EMI. so we divide rate by 12) T = 12*15 = 180 (In EMI or Equated Monthly Instalment.....com...a ...1 } -------------------------------------------------So. www...jaiibcaiibmocktest.... 20 lac @ 12% ROI repayable in 15 years.01*5. admin@jaiibcaiibmocktest.. www.9958) ÷ 4... EMI = 2000000*0..... ………………………………………………………………………………………………………………………………………………………………… www. Both (i) and (ii) Ans . Neither (i) nor (ii) d.com. www.9958 = 24003 .....com..bankpromotionexams.. Only (i) b........com..bankpromotionexams.... kt Ram availed a house loan of Rs.9958 = 119916 / 4...com. we multiply time with 12) w w w ...c ca Solution: iib P = 10 lac R = 12% / 12 = 0........ 23004 b.. we need to find monthly rate.. www.... 09994452442 88 .. (ii) Amount deposited into the bank es t . Only (ii) c..com.... admin@jaiibcaiibmocktest.. 23404 c.ja The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .com. 24303 Ans .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail......jaiibcaiibmocktest....com murugan0501@gmail.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The transactions in the bank column on the credit side of the 'Three Columnar Cash Book' indicates ...01)^180 ÷ {(1+0..onlyforbankers...01% (In EMI or Equated Monthly Instalment)....c o a.com....... (i) Amount withdrawn from the bank.01)^180 – 1} = (2000000*0....01*(1+0.. 24003 d....www..onlyforbankers. iib m oc a.

. 100 lac and profit before tax 6% and amount of tax paid Rs........ Rs...onlyforbankers. kt For a dealer in truck vehicles..jaiibcaiibmocktest.....2:1 and amount of current liabilities Rs. 5 lac b..... (i) Total outside liability/Tangible Net Worth (ii) Long Term Liabilities/Tangible Net Worth ......com murugan0501@gmail.com..com.... What is rate of dividend? es t . (i) A current assets..bankpromotionexams...com. what is amount of fixed assets? a.. www.. Rs... 10% b.... Neither (i) nor (ii) w w w Ans . Rest of the amount is given as dividend on capital of Rs.. a truck is.. 09994452442 89 ....... admin@jaiibcaiibmocktest.a .......... 10 lac. 25% d.. www.... Only (ii) c..com..d ....... 10 lac.. 10 lac c. Rs...bankpromotionexams...onlyforbankers..... Total of Balance Sheet being Rs..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Either (i) or (ii) d......... Current Ratio is 1........com.. ca Debt equity ratio is.... www..jaiibcaiibmocktest. 20% c... None of the above ………………………………………………………………………………………………………………………………………………………………… www.. Only (ii) c.. Both (i) and (ii) Ans .. admin@jaiibcaiibmocktest. (ii) A fixed assets iib m oc a......com. Either (i) or (ii) d.....com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Amount of sales is Rs...www...c o a. Only (i) b. 15 lac d.. 40% Ans ..com............ja iib a. Only (i) b.c ....... 2 lac.... www.. 22 lac....

......bankpromotionexams....onlyforbankers...... Only (i) and (ii) ………………………………………………………………………………………………………………………………………………………………… www... (i) Operating profit/sales x 100%......... Only (i) and (iii) c........ Only (ii) and (iii) d.....jaiibcaiibmocktest.onlyforbankers.......com. admin@jaiibcaiibmocktest..com..... 40 cr.. 2 cr iib Ans – a ... What is the tangible net worth? ca a...com.......com.ja Solvency Ratio is not ...... (iii) Working capital limits a... iib m A joint stock company's total assets are Rs...bankpromotionexams.. Only (ii) and (iii) d..45 crore which include intangible assets worth Rs..... ........... www........... Only (i) and (ii) b.......com... 3 cr b.... (iii) Operating Profit/Income x 100% es t a..2 cr........ (ii) and (iii) oc kt Ans .. (ii) Capital.com murugan0501@gmail..b ..com.. (i)... www. (iii) Total net worth/total assets w w w a...... (i).. www... (ii) and (iii) Ans .. ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans ..... (ii) Operating Profit/100 x sales%....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. 7 cr c.. (ii) Total tangible assets/outside liabilities.. Its liabilities other than share capital and reserves are Rs........ Only (i) and (iii) c... (i) Profits. (i) Current Assets/Liabilities........ Term Loans are not paid out of...c o Operating Profit Ratio is not .........com. 09994452442 90 . admin@jaiibcaiibmocktest...... www.....www....... 5 cr d.. Only (i) and (ii) b.....b ..c ..jaiibcaiibmocktest....com...

....... 8454 c.. 8545 d..a Solution: ca P = 500000 R = 9 % ÷ 12 = 0...4514 = 12257 / 1. (ii) and (iii) Ans ..bankpromotionexams. multiply time with 12) w w w ......... www.com...ja iib The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T ..com.com.0075*2..jaiibcaiibmocktest. divide rate by 12) T = 10*12 = 120 (In EMI...... www... Only (i) and (iii) c..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .. Only (i) and (ii) b.. 09994452442 91 .com.........c . Only (i) and (iii) ………………………………………………………………………………………………………………………………………………………………… www......com. 8554 iib m Ans ......com murugan0501@gmail..0075^120 – 1) = (500000*0. www.. EMI = 500000 * 0. www......com.onlyforbankers.0075 * 1.com..... (i)..0075^120 ÷ (1. (ii) Bank transactions..c o m b...onlyforbankers. Only (ii) and (iii) d..1 } -------------------------------------------------So.... admin@jaiibcaiibmocktest... admin@jaiibcaiibmocktest..0075% (In EMI...bankpromotionexams.4514) ÷ 1. 8445 b. 500000 for 10 years @ 9% ROI...jaiibcaiibmocktest. es t Anita borrowed an amount of Rs..www...com... (iii) Discounts a.4514 = 8445 ... What shall be monthly payment? oc kt a. What does the 'Three Column Cash Book' record? (i) Cash transactions..

d ... www. www.. Only (ii) and (iii) d..... How much he will receive annually? w w w a.c . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c. (ii) and (iii) . (i)... 187964 d..a...... Both (i) and (ii) ca a... ....com.. es t Ledger is a book of ......... (i)...... 09994452442 92 . Neither (i) nor (ii) d. (ii) Final oc Ans ..... Only (i) and (iii) c.. 176984 c... Only (ii) and (iii) d... (ii) Final....com........jaiibcaiibmocktest....b ..com..bankpromotionexams...onlyforbankers.onlyforbankers...... www. entry.. 167894 b........c o Ans .. (i) Original......... Only (ii) c...... Rate IS NOT divided by 12) ………………………………………………………………………………………………………………………………………………………………… www..b Solution: P = 10 lac R = 12% p...www...com.........com...... 10 lacs @ 12% ROI.ja Anvita wants to receive a fixed amount for 10 years by investing Rs. Only (i) and (ii) b......jaiibcaiibmocktest....bankpromotionexams... (i) Original.. NOT Monthly. 196874 Ans ...com.com murugan0501@gmail. Only (i) b... admin@jaiibcaiibmocktest... (SINCE PAYMENT IS TO BE RECEIVED ANNUALY. (ii) and (iii) iib m Journal is not a ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...........com. kt a.com.... entry.. admin@jaiibcaiibmocktest. (iii) Duplicate entry iib Ans .... www..

..c .. m T = 10 yrs (SINCE PAYMENT IS TO BE RECEIVED ANNUALY................. the debt equity ratio will..com..... (i) Satisfactory position.... (ii) Remain unaffected w w w a...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ... The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Only (i) and (iii) c.bankpromotionexams...................com...... www.www. (i) Be be affected.... kt So.com.012*3. Only (i) b. (iii) Weak position iib Ans . admin@jaiibcaiibmocktest..1058) ÷ 2. Either (i) or (ii) d....... (i). www......jaiibcaiibmocktest........ Only (i) and (ii) b.onlyforbankers..com...... www......onlyforbankers. NOT Monthly.....bankpromotionexams......1 } -------------------------------------------------So. it is not a ....com.c o es t oc EMI = 1000000 * 0. 09994452442 93 ..12^10 – 1) = (1000000*0.com... www.. (ii) Strong position.. Both (i) and (ii) Ans .....1058 = 372702 / 2..com murugan0501@gmail.... admin@jaiibcaiibmocktest.. Only (ii) and (iii) d......b ..ja If a company issues bonus shares....12^10 ÷ (1.com...12 * 1... we can well use simple EMI formula in this question......1058 = 176984 .....com.. . (ii) and (iii) iib m If there is a surplus of cash in cash flow statement. Time IS NOT multiplied with 12) ca a. Only (ii) c.. ………………………………………………………………………………………………………………………………………………………………… www..jaiibcaiibmocktest.

. (ii) and (iii) Ans ...... a. Capital plus reserves minus intangible assets c.....jaiibcaiibmocktest.... Remain unchanged b. (ii) remain same...ja a. Only (i) and (iii) c...... (iii) No........... of times the company's earnings cover the payment of interest and repayment of principal of long debt w .... admin@jaiibcaiibmocktest..... oc iib m a........ (b) and (c) above es t Ans ....... Capital plus fictitious assets plus reserves minus intangible assets d.c .......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Only (i) and (ii) b.com. (iii) positively affected Ans ... iib ca DSCR does not show....com....... Only (ii) and (iii) d...com.. www.. admin@jaiibcaiibmocktest.. Will change d....... www. the debt equity ratio will.......... 09994452442 94 .. (i) improve.. Only (ii) and (iii) d.com.com murugan0501@gmail.www. www....com.....jaiibcaiibmocktest............. (ii) No. Only (i) and (iii) c... w w Tangible Net worth is calculated as follows.. (ii) and (iii) kt If a company revalues its assets..onlyforbankers....b ...... Capital plus reserves b.c o a....(i) Excess of current assets over current liabilities. Improve c. www.... (i). Capital plus reserve minus fictitious assets and intangible assets Ans – d ………………………………………………………………………………………………………………………………………………………………… www..bankpromotionexams. its net worth will not ..com... Only (i) and (ii) b. (i).com.... ..d .bankpromotionexams.com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m If a company issues right shares.............. of times the value of fixed assets covers the amount of loan...onlyforbankers...

......c ………………………………………………………………………………………………………………………………………………………………… www.bankpromotionexams...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... admin@jaiibcaiibmocktest.. 25% d.. Only (ii) c.. 20% c..........c o a.. www. Adjusted selling price d......... None of the above kt Unsecured loans can generally be taken by the companies to the extent of ..com...... w w In retail business....com. Provision b.. www......... Only (i) b....... (i) Margin....com........com.a ......ja iib a. % of their net owned funds.. Weighted average c. Contingent Liability d...jaiibcaiibmocktest. LIFO Ans .. ... 09994452442 95 .com murugan0501@gmail..com. Reserve c......... FIFO b.a ......com. admin@jaiibcaiibmocktest.....bankpromotionexams..... (ii) Turnover ..onlyforbankers. ca Arrears of fixed cumulative dividends and the period for which they are in arrears will be shown as .com............ Both (i) and (ii) es t Ans ......... Either (i) or (ii) d... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Return on Investment can be improved by improving ...... widely followed method of inventory valuation is a.com. Current Liability w Ans ..d .....onlyforbankers... www......jaiibcaiibmocktest....www. oc iib m a..... www. 15% b... Ans ..

......c ...com.. w w KYC is ..ja iib a.bankpromotionexams. All the above w Ans .. (ii) and (iii) Ans ........ Only (i) and (ii) b....com. admin@jaiibcaiibmocktest.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Errors of Commission arise when .... (iii) Sales less fixed cost ca Ans .. Any transaction is incorrectly recorded either wholly or partially b.... www...... admin@jaiibcaiibmocktest. To be carried out every 5 years Ans – b ………………………………………………………………………………………………………………………………………………………………… www.. a...www..b .....c .......... www......onlyforbankers.... (i) Overvaluing the inventory.....com..com. (ii) Depositing cash in hand in bank.. Only (i) and (iii) c.. To be carried out every 2 years d.jaiibcaiibmocktest. Only (ii) and (iii) d.....onlyforbankers... iib m a....... www..... (i) Variable cost less fixed cost.... (i)....... www.c o a. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Window dressing of current ratio is not possible by..... Any transaction is recorded in a fundamentally incorrect manner d.... (i).com..com... An ongoing process c........ Only (ii) and (iii) d.... Only (i) and (ii) b...... 09994452442 96 ... Only (i) and (iii) c.com...... (ii) Sales less variable cost.bankpromotionexams.......... (ii) and (iii) oc kt Contribution is not equal to.....com murugan0501@gmail.... One-time project b. Any transaction is left wholly of partially c.com... (iii) Converting cash into inventory es t ..jaiibcaiibmocktest..

... www..onlyforbankers.... at which a sum becomes four times of itself in 15 years... 30% D...... www.com.com. w w At 5% per annum simple interest.......c o m Which is not considered as free reserve? (i) Premium received on issue of shares and debentures...... Only (i) and (ii) b. Only (ii) and (iii) d..... 750 B. Rahul borrowed Rs.com. (iii) Reserve for gratuity and pension es t a.. 650 D.. admin@jaiibcaiibmocktest... oc Find the rate at Simple interest..B ca Explanation: iib Let sum be x and rate be r% ........... 40% Ans ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . 500... admin@jaiibcaiibmocktest. www. iib m A..ja then.... because 3x+x = 4x] w => r = 20% .. (x*r*15)/100 = 3x [important to note here is that simple interest will be 3x not 4x.com......jaiibcaiibmocktest....bankpromotionexams. 700 C.com..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com. 600 Ans ..... What amount will he pay to clear the debt after 4 years ? A..bankpromotionexams.... Only (i) and (iii) c.. www..d ………………………………………………………………………………………………………………………………………………………………… www. 20% C.c . (ii) and (iii) kt Ans ... (i).com...www...... 09994452442 97 . (ii) Debenture redemption reserve.jaiibcaiibmocktest.com. 10% B.com murugan0501@gmail.....onlyforbankers...

Is prepared every year b..... So....com murugan0501@gmail. So it will be Principal + simple interest............ Historical price b.....com. Rs.............. www..bankpromotionexams..... 09994452442 98 .. Shows the profit earned by a firm during a period d...... Find Banker's discount..... www......com.. 225 c..com.. 200 b....jaiibcaiibmocktest.onlyforbankers. 300 d.000 is due 10 years hence at simple interest rate 5% p.jaiibcaiibmocktest. Rs.... w w w A bill of Rs... admin@jaiibcaiibmocktest.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... Net realizable value d...a......com.... admin@jaiibcaiibmocktest.... www.com......www.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Explanation: ......000 Ans .....600 .. Is prepared after preparing the P&L ac c.. www............. Rs.onlyforbankers...... Checks the accuracy of posting the ledger accounts Ans .d ........... ………………………………………………………………………………………………………………………………………………………………… www. a. Current replacement price c.......c o We need to calculate the total amount to be paid by him after 4 years..................d .. ca The test of objectivity and verifiability is satisfied by valuing stock at iib a.ja Ans ....bankpromotionexams.. kt Trail balance iib m oc a.......a . 1.com.com... Avg market price .. es t =>500+500*5*4/100 =>Rs....com.... Rs.. 2..

.....jaiibcaiibmocktest.. a wants to settle the account after 3 months........com.. How much cash should he pay. .c o a..com. Investments c. Errors of principle d....... Control unit.a .. w w A credit entry of Rs.... None of these kt Gold appears under Ans . 2500..onlyforbankers.. Rs.com.com...... logical unit and output unit c..........ja iib a.... 1......700 b.......... ………………………………………………………………………………………………………………………………………………………………… www.740 c. www........802 due 1 year hence.750 d.... iib m oc a... Control unit............ Errors of omission c.b . Rs............. if rate is 8% p.. www...a... logical unit and storage unit w Ans .... Fixed assets d. 1.....bankpromotionexams... Input unit and output unit d.760 Ans ......... Errors of commission b...... It is an .. Rs. ca The central processing unit in a computer comprises the following ..com... Control unit. 1. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A owes B Rs.........www...... None of the above Ans – a . www.... admin@jaiibcaiibmocktest. 5200 to Mr..? es t .com. a. However.....onlyforbankers....a .....com... www.....jaiibcaiibmocktest. 09994452442 99 ... 1...... admin@jaiibcaiibmocktest...com. Control unit and logical unit b..... Other assets b...com murugan0501@gmail. Anand's account was credited as Rs.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... 1.....bankpromotionexams..... Rs.

. 1.. Rs.. Find Operating expenses..Rs.......... Capital Expenditure b.......com. 734 c. 60000 iib Sales . 102..a...100 kt Ans ... If compound interest for 2 Years at the rate of 4% of some money is Rs.. 120 Ans – b ………………………………………………………………………………………………………………………………………………………………… www..ja a. Net Profit ... www...... in this new mode of payment .a .com.com. 734 b.Rs.000 to B after 1 year. 11... 12000 b.. 18000 c.. Gross profit ....c o m A has to pay Rs. 18000..... www. w w w Ans . www... 11. B asks A to pay Rs.com.. 42000 d.bankpromotionexams.. None of the above oc Acquisition of Fixed assets is a ..... 30000.. find the simple interest at the same rate for 2 years.. Rs........ ca Ans ... Rs...jaiibcaiibmocktest.000 for 2 years..... 09994452442 100 .www...com. 108. 1...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . 110 d.... www.... .........jaiibcaiibmocktest..... B gains Rs.bankpromotionexams...000 in cash Immediately and defer the payment of Rs.. Revenue Expenditure c.......com murugan0501@gmail..a ..com. admin@jaiibcaiibmocktest.. 90000.Rs.. es t a..... A loses Rs. A agrees to it....... Counting the rate of interest at 10% p. a.... A gains Rs. admin@jaiibcaiibmocktest......... Deferred Revenue Expenditure d. 100 c.a .onlyforbankers.16 b.... 22..com. A gains Rs.100 d....com...... Rs.onlyforbankers.. iib m a.

ja a.......jaiibcaiibmocktest. 5.www.......... 5 years b... 10% c... iib m a..3675 = 6125 So Rate = (100*3675)/(6125*5) = 12% .com.. ………………………………………………………………………………………………………………………………………………………………… www..........2% b. 5.onlyforbankers.....com..9800 = 2205 SI for 5 years = (2205/3)*5 = 3675 [so that we can get principal amount after deducting SI] Principal = 12005 ..com....com murugan0501@gmail. 12% iib A sum of money amounts to Rs 9800 after 5 years and Rs 12005 after 8 years at the same rate of simple interest...... The rate of interest per annum is ..........5% d..... ....com..9% Ans ... oc kt If a sum of money trebles itself in 2 years at compound interest...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m What is the rate percent per annum if a sum doubles itself in 12 years at Compound rate of interest? es t ... 5..com.... admin@jaiibcaiibmocktest.. 5......bankpromotionexams........ 9% b.. 15 years ca Ans .....b . www..... 11% d......4% c.jaiibcaiibmocktest..com.. www...... admin@jaiibcaiibmocktest.onlyforbankers. 09994452442 101 . 12 years d....com..d ...... www. then it will be 27 times of itself in ...... www..d w w Explanation: We can get SI of 3 years = 12005 ...c o a......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... 6 years c...com... w Ans ...bankpromotionexams...

... admin@jaiibcaiibmocktest....... Rs.... Credit Balance c........c ................. B and C invested Rs...com.. w w w a. there was a gain of Rs.www. www... www. Rs 690 ………………………………………………………………………………………………………………………………………………………………… www...........com...com murugan0501@gmail. then what will be the share of B? A.. Either Debit or Credit Balance d.. A left after six months... admin@jaiibcaiibmocktest....b ......bankpromotionexams........bankpromotionexams...... Errors of omission c..... It is an . 8000. Errors of commission b.c o a.jaiibcaiibmocktest....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www... 4200 by the proprietor debited to Office Expenses account...... How much will it become at the end of 3 years? es t .....b kt Explanation: oc = [200(2120×2120×2120)+200(2120×2120)+200(2120)] = 662 .. 09994452442 102 .jaiibcaiibmocktest...onlyforbankers. 4005...com.. 4000 and Rs.. If after eight months.. Rs 662 c. Rs 664 d.onlyforbankers.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A man saves Rs 200 at the end of each year and lends the money at 5% compound interest..com.com.com... .......com....... Debit Balance b... 8000 respectively in a business. Rs 666 Ans....com. None of the above Ans .... Errors of principle d...... www.. Rs 660 b.. iib m Wages outstanding in Trial balance will show a ...... Neither Debit nor Credit Balance iib Ans . A. ca a..ja Personal expenses of Rs....

.c ......ja Ans ...com.. 27500 b. None of the above Ans .com..... Rs 990 Ans .jaiibcaiibmocktest....com... www.bankpromotionexams. w w w a.. admin@jaiibcaiibmocktest. 75000 .... www.... 68500 d.. Paid-up Capital means amount of capital actually paid by .. Rs 790 C....... www..... 4000 wrongly posted to inventory account instead of building account is an .... Errors of commission b..b ... 35000...com murugan0501@gmail.. admin@jaiibcaiibmocktest......com...jaiibcaiibmocktest..... Find Operating expenses..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail............ ………………………………………………………………………………………………………………………………………………………………… www. 09994452442 103 ...... www.. An entry of Rs.....c o m B..com... 110000.....onlyforbankers......Rs.... iib ca a............com... Net loss .. Errors of principle d....com. 7500.onlyforbankers.... Errors of omission c. Rs 890 D...www..bankpromotionexams.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..Rs........ 42500 c.. Gross profit ........ oc So B share Sales ..com..Rs.c es t Explanation: kt A:B:C = (8000*6):(4000*8):(8000*8) = 48:32:64 = 3:2:4 iib m = (2/9)*4005 = Rs 890 .......

. Rs. the money lent at 12% is... 09994452442 104 ..d ...800 c...jaiibcaiibmocktest..... 3116. 26...000 is lent out in two parts in such a way that the interest on one Part @ 10% for 5 years is equal to the on another part @ 9% for 6 years.......100 d..... ………………………………………………………………………………………………………………………………………………………………… www......a. Rs.bankpromotionexams......500 b....... Rs. Rs..... admin@jaiibcaiibmocktest..... A sum of Rs.com murugan0501@gmail...bankpromotionexams.112 Ans ... www.com. If the total annual income from interest is Rs.... and the other at 12. 12.......400 is lent out into two parts.com... Rs. Preference Shareholders d.. 11...400 ca A sum of Rs..... Rs..... then after 2 years the amount to be paid is ....500 c..com.com...com.........a.. www........ www........ Rs.com....... w w w If Rs..5% p..c o m a.. 25....a .......... Rs..... 10...www.onlyforbankers.ja Ans ... Shareholders b. 13.. Equity Shareholders c..a......b ... 8....500 d......800 b. iib m Ans ..082 c...jaiibcaiibmocktest.com.com.. iib a... 10.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..onlyforbankers. 13. oc kt a. Rs..........000 b.. 8... The sum lent out at 10% is.500 are borrowed at compound interest at the rate of 4% p. one at 12% p.... 12... 11... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . Rs. 7..500 . Rs.... 7.d .400 d........... Rs. All of the above es t Ans . admin@jaiibcaiibmocktest. 8. www. a...

. kt An asset cost Rs. AS 28 Ans – c .. 700000 Ans ..ja iib ca Let me explain : D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4+5 = 15 Cost-Residual Value = 1600000 ........www.....bankpromotionexams.......... www.. www. 1... ………………………………………………………………………………………………………………………………………………………………… www...jaiibcaiibmocktest...................c o a.......c w . Rs.com.......com murugan0501@gmail.com.. Rs... www. None of these es t Ans .....onlyforbankers.....onlyforbankers... admin@jaiibcaiibmocktest. AS 19 c.100000 = 1500000 1st year = 5/15(1500000) = 500000 2nd year = 4/15(1500000) = 400000 3rd year = 3/15(1500000) = 300000 4th year = 2/15(1500000) = 200000 5th year = 1/15(1500000) = 100000 . iib m oc a.jaiibcaiibmocktest....com.com. Rs. Bills discounted and purchased d.... 300000 c.d ...... AS 9 b. Rs.has residual value of Rs..com..com. Over-drafts b. 100000 b. Calculate the depreciation for 1st year using sum of the digits Method..... AS 26 d.00..000/... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which is not an Advance? .........000/-........ Cash Credit c.. and is expected to last 5 years. 09994452442 105 .. admin@jaiibcaiibmocktest... w w Intangible Assets are dealt in Accounting Standard a......com...... 16..com....bankpromotionexams..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 500000 d.... www....00..

com..... and for this 5.. Advanced Measurement d...... Rs....... www.a ... Rs 20.......bankpromotionexams.000 c.. 10 each have been issued at discount of 10%.bankpromotionexams.. www.... Standardised Approach c... admin@jaiibcaiibmocktest......com.. 09994452442 106 .... 10 each have been issued at a discount of 10% . www.jaiibcaiibmocktest.. ca Sales during the year is Rs 1. Internal Rating Based Approach es t Ans – d ..... a.com murugan0501@gmail..000 b. 45.....000 is to be redeemed. oc iib m a... the amount to be transferred to Capital Redemption Reserve will be ..com.....com.... Rs. Negative c...000 w w w Ans ... undertake those investments for which the NPV is Ans ..... admin@jaiibcaiibmocktest....... Rs...c o a..000 equity shares of rs....com.. Rs 33.....000 b.......00.....ja iib a.www.com. www...000 d. Rs 30.jaiibcaiibmocktest.... Positive b. Rs 25. Either positive or Negative d.000 c...onlyforbankers.00. the amount to be transferred to capital redemption /Reserve will be If the preference share capital of Rs1...000 equity share of Rs .....onlyforbankers.... 55.a .000 is to be redeemed..000 ………………………………………………………………………………………………………………………………………………………………… www.. If the preference share capital of Rs1...000 gross profits is 25% on cost find out the amount of gross profit ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... and for this 5.00... 50. None of these kt According to NPV.com... Basic Indicator Approach b..com...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which is not one of the approaches proposed for measurement of operational risks ? .....

it can be re-issued at the minimum price of . Deferred capital expenditure d...00. 2 per share.... kt a.... Rs.... None Ans .....com.c o Ans ......000 b..... www..... admin@jaiibcaiibmocktest.... ca a..com.com...jaiibcaiibmocktest. Rs....c . 60 have been paid. 36... 30.. 09994452442 107 ......ja Expenditure incurred on issue of equity shares is w w w a..com...............com.. 6.. 60 c... the cash price of which is Rs.com..000 iib m If a share of Rs 100...00..... Rs.onlyforbankers...www.com murugan0501@gmail....a . www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d..000 d. Payment is to be made in 3 equal annual installments including interest on the unpaid ………………………………………………………………………………………………………………………………………………………………… www. A purchased a machinery from Mr.......00...000 share of Rs.a .. www. What will be the amount of paid up capital? oc Ans ....... on which Rs..... Capital expenditure c.. ...com... admin@jaiibcaiibmocktest..com.000 c..000 ... B on hire-purchase system..bankpromotionexams.. Revenue expenditure b. 100 d........ Rs........ is forfeited.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.00.jaiibcaiibmocktest......C . 24. Mr... Rs........ www....... 60.. 40 b.. Rs.....000....00.....00.... es t A company issues 3.bankpromotionexams... Rs. 140 iib Ans . Rs.... 1..onlyforbankers..... 10 each at a premium of Rs. Rs......

.00 c...00 d. Rs.. d. are payable.. 1. Rs..com..67 d.a . 66. 45..com.. 10% p. es t ..00 ca Ans .627... Rs..com murugan0501@gmail. what should it be after rectification of error? a........ 13.....bankpromotionexams.33 b.000 c..jaiibcaiibmocktest.V.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. b.. Rs.... 1.. Rs.. 900 each.......225. 1.... 09994452442 108 ... c...com. Each installment is to be paid at the end of each year. 8....V..www.com...a.... Rs.a.000. www.com.... 1......000 ………………………………………………………………………………………………………………………………………………………………… www.... oc kt A Washing machine worth Rs... 10..jaiibcaiibmocktest... w w w .com.........d .. www... 33.. Ans ....c o a.ja a........333.. Rs.211. admin@jaiibcaiibmocktest.. www.a..600 immediately and the balance in equal 8 installments monthly of Rs. Rs.... can also be purchased by paying Rs....333..com.onlyforbankers... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m balance @10% per annum. Calculate the amount of annual installment. 12% p... Rs. 1.. T..00 b.. as Rs..d .. iib m a..... www. Find the amount of annual installment.a.500.. Find the rate of interest..onlyforbankers..50 Ans .. 1..000 is purchased on installment payment system under which 10 equal annual installments including interest at 10% p.000 was posted to Depreciation a/c as depreciation on furniture but was not posted to Furniture a/c.666...bankpromotionexams.. 40.000.....a.. iib A shopkeeper advertises the case price of a colour. admin@jaiibcaiibmocktest..com. 6% p. If total of debit side of the trial balance is Rs. 8% p. The same T.... Rs.. 13.

.. Rs. Only (i) and (iii) c.com.com....d .....bankpromotionexams..... 09994452442 109 .com. (ii) and (iii) ca Cost of asset = 8.b .. 604000 w Ans .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....000 Estimated residual value = 10% of the cost Estimated useful life of asset = 5 years Find the accumulated depreciation for the 2nd year using double declining balance method...... (i). (iii) shown in P&L a/c of the current year iib m Ans ...com...jaiibcaiibmocktest..00. www........ admin@jaiibcaiibmocktest.c w w Explanation Depreciation rate = (1/useful life) x 200% = 1/5 x 200% = 20% x 2 = 40% [Year 1] Depreciation amount for year 1 = beginning book value x depreciation rate 8.000 x 40% = 3..ja iib a..... www... 15.c o m b... oc kt a......com... www.....com murugan0501@gmail..com. Only (i) and (ii) b...... (ii) excluded for determination of current profits.com.......000 c....000 ………………………………………………………………………………………………………………………………………………………………… www.. 424000 c..20.... . admin@jaiibcaiibmocktest. Only (ii) and (iii) d... 512000 d....jaiibcaiibmocktest. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..onlyforbankers.. Rs. 14.. es t Prior Period income should be . (i) inclusive determination of current profits.00....000 d.bankpromotionexams.com... www..onlyforbankers.. 312000 b...www. None of the above Ans ..

... www.....92. Presently..com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com...20. debit Ravi's a/c and credit Cash a/c d..20...000 d. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..20..000 b.... The rectification entry will be.jaiibcaiibmocktest.14........60.. www...onlyforbankers. 25..000 + 1.12.. 15..onlyforbankers. debit Salary a/c and credit Cash a/c c.. 20. d .80.com..b ... Rs.000 b.....com. Rs..00....com.ja A sale of Rs... admin@jaiibcaiibmocktest...... Rs.. The existing total of debit side of the trial balance is Rs..000 . 92.000 x 40% = 1....com.40.....000 = 4..... debit Cash a/c and credit Salary a/c b.bankpromotionexams.000 paid as salary to Mr..com.. Rs. Ravi has been debited to his personal account.000 Book value at the end of year 1 8..com murugan0501@gmail..3. kt [Year 2] Depreciation amount for year 2 = beginning book value x depreciation rate 4. Rs 15.....80. what will be the total of credit side? w w w a.... admin@jaiibcaiibmocktest..jaiibcaiibmocktest.000 m Accumulated depreciation at the end of year 1 = 3...... 2..14....com.....15...000 and the gross loss is Rs 68. Calculate sales if cost of sales is Rs 1....000 iib m Rs.000 ………………………………………………………………………………………………………………………………………………………………… www. www..www.bankpromotionexams.000 Ans ......80.00 a..000 was omitted from recording in the Sales Book......000 c.00.....60...000 = 5...92..28.000 . . 09994452442 110 ........ Rs...... debit Salary a/c and credit Ravi's a/c iib Ans.000...20. ca a..c o es t oc Accumulated depreciation at the end of year 2 3..... www.

.www..... Net Profit ..42.com. www..... Sale x Rate of G. Net sales ... ca Gross profit is calculated as: ....Expenses d...c ........ 1.000 . Rs.bankpromotionexams..com. w w Purchase of machinery for cash..00 d.. Increase in liability Ans ..com........ 34....400 Ans .c ...... Increase in total assets c.....jaiibcaiibmocktest.....P/100 c. results in: a.c ......... (-) Rs... admin@jaiibcaiibmocktest.com murugan0501@gmail...d ...... ………………………………………………………………………………………………………………………………………………………………… www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c... 24..... (-) Rs.. admin@jaiibcaiibmocktest..bankpromotionexams..jaiibcaiibmocktest..000 credit sales =RS 80..... Both a & b w Ans ........com. 32. www. 46...onlyforbankers................Loss b. www..com........000 selling expenses =Rs 13.000 c...000 cost of goods =Rs 1.com...... RS... No change in total assets d. www.......04. 2...000 b..000 kt cash sale = Rs 70....600 d.....com.......... es t Find out net profit from the following figures iib m oc a.....ja iib a.onlyforbankers... Rs.......com.52.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....c o Ans .......... Decrease in total assets b.. Rs... 09994452442 111 .

Rs........ 1 month d.com. Debit b. High b..jaiibcaiibmocktest.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Rate of depreciation in reducing balance method is: ...664 d..... Moderate c...b ............. 6 month c.com..... balance: a. 1 year b...a.com.. kt If an asset is sold on 30 June while the accounts are closed on 31 Dec..832 b. .....ja iib a. Credit c.. if the rate of compound interest is 8% p........ 5. Either a or b d.... Find the sum.com.....onlyforbankers....com...www....onlyforbankers.... www.. Low d.... 10. 5........ Rs. w w Bank column of cash book has .com.... 5% es t Ans ...... www.. 5. admin@jaiibcaiibmocktest....bankpromotionexams.. She returns this in two Annual equal installments of Rs..d .com... ca Shradha borrowed some money from a money-lender.400 w Ans ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... 11. 09994452442 112 .com murugan0501@gmail....c o a....832 each... Rs...... www.a ............bankpromotionexams..... 5 month Ans .c ………………………………………………………………………………………………………………………………………………………………… www..com. Rs. www......jaiibcaiibmocktest.. then depreciation is calculated for: iib m oc a.. None Ans . admin@jaiibcaiibmocktest..200 c....

. oc kt What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years ? iib m A.I..10 C. Rs. Rs 65..= 1000*10/100*4 = 400 C..com..=[1000(1+10/100)4-1000] = 464. www...bankpromotionexams... 3......... Rs 64.bankpromotionexams.. Rs....ja So difference between simple interest and compound interest will be w 464.........jaiibcaiibmocktest.. 2...... 1..com.202 c....com..604 b...... Double entry book-keeping c.10 ....... If the rate of compound interest was 16% p..400 = 64... None of these Ans ..b ..... 2......I.... w w Italian Method of accounting is also known as a..c o a. Rs 62..10 .. respectively...... es t ...... www..C ca Explanation: iib S.jaiibcaiibmocktest. 09994452442 113 .onlyforbankers.900 d.10 Ans .com murugan0501@gmail.700 Ans .com. Rs.a.... www.. find out the sum borrowed.....c .....com.....com.. www.. Rs.864 and Rs1. ………………………………………………………………………………………………………………………………………………………………… www.10 B... admin@jaiibcaiibmocktest. 3.. Rs 63...www..... admin@jaiibcaiibmocktest.........com.onlyforbankers...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A sum of money was borrowed the paid back in 2 annual installments of Rs.10 D..com...... Cost Accounting b. Financial Accounting d.10 .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..740.....

iib ca What is the N P V of the following at 15% t=0 t=1 t=2 -120....... www...... www..000 -100..onlyforbankers.. credit b.com......com.... debit.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.000 300..com murugan0501@gmail... www.bankpromotionexams.. Both a and b d....com......... credit..... Overstating of sales register..jaiibcaiibmocktest. b...a ..000 c.. debit..com.........com.... c. side iib m oc a.... 80..c o a........000 w w w Ans .. Profit Spilt Method b........ 40.... 19. debit c... side and all payments are recorded on the ...... Transactional Net Margin Method c...com..... credit Ans ..... Rent account credited instead of debit.. kt In cash book..com..bankpromotionexams..... credit. admin@jaiibcaiibmocktest..... www.. Which of the following will not affect Trial Balance a.... Salary debited to the extent ½ the amount.a ....887 b...com... 09994452442 114 ...... Goods sold on credit not recorded in books.000 . 26. Ans – a ………………………………………………………………………………………………………………………………………………………………… www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Common non-traditional methods available for determining arm's length price is/are .www..jaiibcaiibmocktest.300 d......ja a. all receipts are recorded on the .. d...... None of these es t Ans ... debit d..c ..........onlyforbankers. admin@jaiibcaiibmocktest..

.... for 1 year = Rs... Personal a/c ………………………………………………………………………………………………………………………………………………………………… www.com... 39..com.. There is no intangible Assets or other Non Current Assets. 698 D.. iib .. Discount received in advance is a: a. 41 Lac Total Liabilities = NW + LTL + CL = 5 + 10 + CL = 41 Lac Current Liabilities = 41 – 15 = 26 Lac Therefore Net Working Capital = CA – CL = 25 – 26 = (-) 1 Lac ..com... (815 . 698. Rs.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A sum of money at simple interest amounts to Rs. Rs...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.2 lac Explanation : w w w Total Assets = 16 + 25 = Rs.10 Lac...c o A.. Rs..c ca a. 650 B.. admin@jaiibcaiibmocktest.. S...815) = Rs...5 Lac.117) = Rs.. 1 lac b.onlyforbankers.C oc iib m Principal = Rs. .. (854 ..... Real a/c b. kt Explanation: S. Rs.bankpromotionexams.com... www... A Company has Net Worth of Rs... 854 in 4 years. for 3 years = Rs. 2 lac c.... 117...(39 x 3) = Rs..... www...16 Lac and Current Assets are Rs...25 Lac...1 lac d. www. www. 690 C.com. Calculate its Net Working Capital.ja Ans . 815 in 3 years and to Rs.. ....I. Term Liabilities of Rs....jaiibcaiibmocktest.... admin@jaiibcaiibmocktest...com. 700 Ans .... 09994452442 115 ...com.onlyforbankers..com murugan0501@gmail...I...www.... ......bankpromotionexams. Fixed Assets worth RS...jaiibcaiibmocktest. The sum is: es t .com..

4:5 d...com.. www..... www........ she must invest the money in the ratio ........com. Nominal a/c d..jaiibcaiibmocktest.c . 3:4 c.... Assets = Liabilities b......... admin@jaiibcaiibmocktest....... www...onlyforbankers..c ... Assets = Capital + Liabilities d. 2:3 b............... Return of goods from customer should be credited to a.. kt a..onlyforbankers. www.com..ja A woman invests some money partly in 4% stock at 120 an partly in 3% stock at 96..... All of these iib m Which of the following is an accounting equation? ca a..jaiibcaiibmocktest.....www. Liability = Asset + Capital iib Ans ..........d ..b .......bankpromotionexams. Double a/c system c......... 09994452442 116 . Sales Return a/c ………………………………………………………………………………………………………………………………………………………………… www. ...........c o Ans .. Double entry system d..... None ....com.... admin@jaiibcaiibmocktest..com murugan0501@gmail............com. es t Dual concept records transaction on bases of: oc Ans ....bankpromotionexams... Single entry system b...........com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com..... 15:16 Ans ..Liability c........ Assets = Equity .........com. w w w a..... To get equal dividends from both......... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c...

..com.....com.... Customer's a/c Freight expenses for moving new machinery to factory is oc iib m Ans .. Opening stock – purchases + closing stock d......... Goods a/c d..onlyforbankers...... www...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .... www...........................com murugan0501@gmail.... All of the above iib Ans .com.jaiibcaiibmocktest.... Revenue expenses b...purchases a. Cash ………………………………………………………………………………………………………………………………………………………………… www. For an expense to be classified as revenue or capital depends on ca a..........c .. None of above Ans .d . admin@jaiibcaiibmocktest.ja Cost of goods sold is w w w a.bankpromotionexams...... Duration of the benefit of the expenditure c...... .com.. Purchases Return a/c c. Deferred revenue expenditure c...d .www..b ..........com.... admin@jaiibcaiibmocktest..........jaiibcaiibmocktest..com... Opening stock + purchases + closing stock b. Opening stock + purchases – closing stock c..... Capital expenditure d.......com.. www.....c o m b.. Effect on revenue earning capacity d. Kind of expense b.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail............. 09994452442 117 ......... kt a...............com...... Invoice journal is used for recording..onlyforbankers... None of the above es t Ans .bankpromotionexams...... www...

www. Neither a nor b .. b...............com............ Credit c..com.... This concept is called as ? iib ca a.... www. Preliminary expenses for setting up a company. oc kt a...... Annuity d.b ................... To determine how long an investment will be double.......www..com. Interest c. Entity going concept c...com.....com.com..bankpromotionexams.... Amount raised through Rights issue.... None of the above Ans ..com murugan0501@gmail............. 09994452442 ………………………………………………………………………………………………………………………………………………………………… Ans ..ja Ans .... admin@jaiibcaiibmocktest. Principal b..... c... you have to divide number ......... www.....jaiibcaiibmocktest.............c o m b.. Cost of preparing project report Accounting assumes that the business will continue to operate for a long time in future.. Sequence of payments made at regular periods over a given time interval is called .... 09994452442 118 .onlyforbankers.... www....... by annual rate of interest.. All iib m Ans .c .. Discount on d....com......c .onlyforbankers.. admin@jaiibcaiibmocktest.......... Both a & b d..... es t Which of the following is not a deferred revenue expenditure ? ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....... Going concern concept b.com... ………………………………………………………………………………………………………………………………………………………………… www...bankpromotionexams... w w w a.. Huge sales promotion expenditure in launch of new product d......jaiibcaiibmocktest....b ......

. kt A financier claims to be lending money at simple interest. 09994452442 119 ... 64 c.....jaiibcaiibmocktest. 9. 72 d.25% d.25 So amount at the end of year will be (100+5+5..com.... 62 b. the effective rate of interest becomes. www.25 ... But he includes the interest every six months for calculating the principal....25% b....com. 9% Ans ..jaiibcaiibmocktest..100 = 10.. then again for six months as below: .... then we will calculate SI for 6 months..... www..... 5 w Important: now sum will become 100+5 = 105 w w SI for last Six Months = (105*10*1)/(100*2) = Rs... ………………………………………………………………………………………………………………………………………………………………… www.. www...com......com murugan0501@gmail. admin@jaiibcaiibmocktest...bankpromotionexams..25 ..c o m a..a ca Explanation: Let the sum is 100.com........ 74 es t Ans ...ja SI for first Six Months = (100*10*1)/(100*2) = Rs....25 Effective rate = 110.com...c ....... www...onlyforbankers.... 10% c. iib As financier includes interest every six months.onlyforbankers. admin@jaiibcaiibmocktest.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .com. iib m oc a...com.........com.25) = 110.. If he is charging an interest of 10%. 10.. 5..www.bankpromotionexams...

The sum is. .... ca The securities acquired and the old assets are sold at the time of replacement a new asset is purchased under......com.. Rs..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.com....c o a.. To act as a device to check the arithmetical accuracy of the accounting process b. www.500 b........ To provide summary position of each account and accounts in general c.916 in 2 years and to Rs... Sinking fund method.onlyforbankers.149.. d.000 c... Rs..com.com.. None of these es t Ans ... Secured b..d .c .......... Rs......bankpromotionexams.. a. 2.... admin@jaiibcaiibmocktest.. Any one of the above d.000 Ans – c ………………………………………………………………………………………………………………………………………………………………… www. kt Functions of a trial balance iib m oc a. Rs... 1..... 2.c . 2...........com....... www. admin@jaiibcaiibmocktest....... 3.. w w A sum amounts to Rs. bonds... All the above Ans .jaiibcaiibmocktest... .www.onlyforbankers...com..... www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Private Sector Companies can issue ...... www............. Unsecured c.......bankpromotionexams...500 d..ja iib a.....com.. Diminishing balance Method c......jaiibcaiibmocktest....... 3. Straight Line Method b..28 in 3 years at Compound interest...com.... w Ans ..com murugan0501@gmail. 09994452442 120 ... Neither a nor b... To act as a starting point for preparation of final accounts d.....

.....jaiibcaiibmocktest......a . admin@jaiibcaiibmocktest.ja Ans ...... Debit b.a ..com murugan0501@gmail...... Either Debit or Credit d....... Professional Accounting Bodies es t Ans – c ...com..... AS 19 c...com.....com...onlyforbankers.......... kt A journal generally has .. columns iib m oc a.... Law c..com.onlyforbankers... Credit c........... Intangibles Ans .... AS 26 d.... 09994452442 121 . ………………………………………………………………………………………………………………………………………………………………… www....bankpromotionexams........... 6 Ans – c .........www.. Institute of Chartered Accountants of India d. www. iib a...com.................com......bankpromotionexams.............. www........... 3 b...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Accounting Standards Board is constituted by ...... w w w Prepaid expenses are shown as a.... www..com............com..... 4 c..jaiibcaiibmocktest. 5 d. AS 9 b. AS 28 ca Revenue Recognition is dealt in Accounting Standard ......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www. admin@jaiibcaiibmocktest..c o a... National Advisory Committee b.....

com. www... www....... www......... (ii) Total variable cost/contribution per unit. ca Funds generated in business does not mean........com murugan0501@gmail. Only (ii) and (iii) d.jaiibcaiibmocktest.....c o a.... Underwriting proposal d..com.. (ii) Profit less depreciation........ admin@jaiibcaiibmocktest.bankpromotionexams.... (i).... (iii) Net Profit .....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... w w What is the present worth of Rs....... Only (i) and (iii) c.... (i) Profit and depreciation.. www.... (iii) Total fixed cost/variable cost per unit Ans ... 130 D..com..... .. Only (i) and (ii) b... (ii) and (iii) w Ans ....www.... Working capital proposals b.c ..... Only (ii) and (iii) d...onlyforbankers...........com..........onlyforbankers.. 120 C..com.... (i).. (i) Total fixed cost/contribution per unit....c . Term Loan proposals c....... Letter of credit proposal es t Ans – b . 140 Ans – B ………………………………………………………………………………………………………………………………………………………………… www. Only (i) and (iii) c... Only (i) and (ii) b..com.jaiibcaiibmocktest...........com.bankpromotionexams..ja iib a...com... oc iib m a. 110 B..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The income break even analysis is good tool to the banker in appraising.. 09994452442 122 .. (ii) and (iii) kt Break even point is not calculated as.. 132 due in 2 years at 5% simple interest per annum ? A. admin@jaiibcaiibmocktest...

......... 6....com... 8.....jaiibcaiibmocktest. 30 L ………………………………………………………………………………………………………………………………………………………………… www. 12.. 70 L = Rs.x Then...000 b...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.100 Lac and Current Ratio is 1... Rs.= Rs.000.00. www.x) =› (x*5*2/100) = 132 ..com murugan0501@gmail......00.onlyforbankers.bankpromotionexams.. 10. www. 40 Lacs b........00. 09994452442 123 ...Non Current Assets = Rs. www...c o Let the present worth be Rs.com... iib m a.. 70 Lac and Debt Equity Ratio being 3 : 1..bankpromotionexams.... iib Total Liabilities of a firm is Rs... Rs.00.b Explanation : Total Assets = Total Liabilities = 100 Lac Current Asset = Total Assets .www..com.ja a... 100 Lacs w w Ans ... What would be the Long Term Liabilities? w .000 and liabilities-Rs...000.10.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Explanation: es t . oc kt Capital at the start of business-Rs.100x =› 110x = 13200 x= 120 .com....com..(132 .5 : 1..x =› 10x = 13200 .. Rs...00.I...000 c.Rs. S.. Then Capital at the end of the year. 100 L .. Rs.onlyforbankers.. admin@jaiibcaiibmocktest. If Fixed Assets and Other Non Current Assets are to the tune of Rs.. At the end of the year.. worth of the Assets-Rs.. 80 Lacs d......a .jaiibcaiibmocktest.000 ca Ans .com.000 d. www..6. 60 Lacs c.....com...com..2.00.00..... admin@jaiibcaiibmocktest...

.. oc kt A........com.jaiibcaiibmocktest. Real account B.onlyforbankers..... Nominal account D... 18 Ans ..com...... Intangible account ...... www............ Accounts generally prepared for ..a .c ... Real account B.. Net Worth + Long Term Liabilities = Rs...com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… Rebate on bills discounted account is of the nature of iib m Ans . admin@jaiibcaiibmocktest. 09994452442 124 ...5 : 1 then Current Liabilities works out to be Rs. Therefore the Long Term Liabilities would be Rs. 20 Lacs.com. Personal account C...com JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. m - ...... www... 80 Lacs.. 9 c.... www..............com.. If the Debt Equity Ratio is 3 : 1..... 20 Lac.....c ... 12 d..onlyforbankers..c o Facebook Groups Patents right account is of the nature of iib ca A...........com..........60 Lac. Nominal account D. then Debt works out to be Rs.... Personal account C.....................www.... .......com.com. www... 6 b........ 60 Lacs and equity Rs.jaiibcaiibmocktest...... admin@jaiibcaiibmocktest............ months w w w a..bankpromotionexams..ja Ans ....... That means.... Intangible account es t If the Current Ratio is 1. ………………………………………………………………………………………………………………………………………………………………… www.....bankpromotionexams......com murugan0501@gmail...

... 100 stock = Rs. 96.I... To earn Rs... Rs 7925 B.25*100/9/5 = 8925 ...www... admin@jaiibcaiibmocktest. 135....com....25 on a principal amount at the rate of 9%p.. www.. Rs....... 108 Explanation: w w w To earn Rs..onlyforbankers....... 4016.... 80 b. Rs... The stock is then quoted at: iib ..com murugan0501@gmail. a....com. Furniture.onlyforbankers. 135...com.jaiibcaiibmocktest.c o A.. .com.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m There was simple interest of Rs. 96..*100/R/T iib m P = 4016... Rs 8925 C.. www... 96 c..banking asset is ..... 1620/135 x 8 = Rs. Rs 7925 Ans .. 1620 in 8% stock.. Rs. 106 d. admin@jaiibcaiibmocktest. Find the principal amount es t ..... 1620.bankpromotionexams. Rs 7926 D.jaiibcaiibmocktest.. A non .B S.ja Ans .. investment = Rs. www..b ca a..a..=P*R*T/100 =>P=S...... 8.com.....bankpromotionexams.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Rs...com..... Market value of Rs.. in 5 years.. 09994452442 125 ..com.. oc kt Explanation: By investing Rs.I. Fixture and Fittings ………………………………………………………………………………………………………………………………………………………………… www. investment = Rs. Michael earns Rs...com. www..

... oc kt a..... Money at call and short notice d.. admin@jaiibcaiibmocktest......com........ Common d..... 2408650 b..... admin@jaiibcaiibmocktest..... ………………………………………………………………………………………………………………………………………………………………… www. Cash iib Ans ...journal ca a.... Office equipment c....onlyforbankers. Share of a limited company can be classified into ........ m Facebook Groups Purchase book is an example of ..com - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.com...... www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… . 50000 to Anand wrongly debited to Ramesh's account......com.. None of the above Ans .com... 09994452442 126 ......d .....bankpromotionexams.com...........onlyforbankers.... Trial balance Credit side presently shows a total of Rs..b .... ... 2508650 c..... 2458650 d.......bankpromotionexams......www... Preference c...... www...com.com murugan0501@gmail..c ................... Actually it should be .c o b. General b..... www.jaiibcaiibmocktest.........jaiibcaiibmocktest. None of the above es t Ans ..com................ Special c...........com............ Asset acquired from the debtors in satisfaction of claims against them iib m Ans .. 2458650... Equity and Preference d...c .ja Credit sale of Rs... Equity b. w w w a.. www..

........ Debit side of P & L a/c d. The difference in the cash book and pass book balances as on the date d..jaiibcaiibmocktest.....jaiibcaiibmocktest. a.......bankpromotionexams.com..........c o a. www........ www...c . admin@jaiibcaiibmocktest.......com. 09994452442 127 ...com.......ja iib a.. es t . Customer d.com. Creditor and debtor iib m oc a.a ....... a .....onlyforbankers..................www.com..... The differences in the bank ledger and pass book w Ans ...... Bailor and bailee d.com.....onlyforbankers.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The relationship between the Consignor and Consignee is that of. kt Bank Reconciliation Statement is prepared by ... The difference in the balance in the cash column and bank column of the Cash book b....... Principal and agent b. ca A bank Reconciliation is prepared.... Debtor c.. Seller and buyer c..bankpromotionexams. The difference in the balance in the pass book at the beginning and at the end c.................. w w Discount allowed on issue of shares is shown in . Liabilities side of balance sheet c.. Creditor b. Credit side of P & L a/c Ans ............. www............ so that the difference in the under noted balances is reconciled .com.....com murugan0501@gmail......... www....... Bank Ans – c ..... Ans..... admin@jaiibcaiibmocktest.... Assets side of Balance Sheet b.com.... ………………………………………………………………………………………………………………………………………………………………… www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....

....jaiibcaiibmocktest.....a.....onlyforbankers....com....b ... participating and non-convertible b.... iib m oc a... 2. Rs. All the above Ans . for the period beyond 6 years.... non-participating and non-convertible d... ... Govt...com.....c w w Solution : 4*2=8.. If the simple interest accrued by the sum for a total period of 9 years is Rs..com. 1. 6% p. 09994452442 128 ........ 1. participating and non-convertible c. Non-cumulative.. Rs........120..for the first 2 years.bankpromotionexams. Cumulative... 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t Ans .000 d.... admin@jaiibcaiibmocktest.. Registered seal b.......a. 8*3=24 8+24+24=56 1120/56*100=2000 ..com........c o a. 6*4=24.. cumulative. Rs......000 b.com murugan0501@gmail.. www. admin@jaiibcaiibmocktest..bankpromotionexams.com.. kt The ...jaiibcaiibmocktest....www...a .500 c.......... 1. ca The rate of interest on a sum of money is 4% p.com.. www....onlyforbankers........ www....... seal d........ Non-cumulative.ja iib a... what is the sum? . Common Seal c...c . for The next 4 years and 8% p. a preference share is always deemed to be ..... www..com. Rs.. non participating and non-nonconvertible m Unless otherwise stated.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.500 w Ans . ………………………………………………………………………………………………………………………………………………………………… www.. is affixed on all important documents and contracts of a company....com. 2.

.. www.... iib m a.000 ca Ans .. www.000 b...com.. Subscribed-capital c.com...b ........ w w Share Allotment Account is ..com..... Rs... 6......com murugan0501@gmail....... 09994452442 129 .com. Rs...... 10. d..d .....bankpromotionexams... Nominal Account d... Asset Account Ans – b ………………………………………………………………………………………………………………………………………………………………… www. Paid-up-capital.. Real Account b.....com.. 30..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....500.....000 were damaged by fire.com. Insurance company admitted a claim of Rs...000..000 c... 10.. Rs. Rs.000 b... Rs.com.bankpromotionexams.... Rs......... Called-up-capital b. a. oc kt Cost of sales is Rs... 40.onlyforbankers..onlyforbankers.. 20. Rs. Issued capital w Ans ......... The gross profit will be . Dividends are usually paid on: ..ja iib a. 6..500 d.000 net sales amount to Rs. Profit & Loss a/c will be debited with. Personal Account c. www....000 and Closing stock is valued at Rs...... 60.... 8........ admin@jaiibcaiibmocktest...c .. 40.....www...500 c.. es t .. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Goods costing Rs.500 Ans ...jaiibcaiibmocktest... 4. 1.. www...c o a.... admin@jaiibcaiibmocktest.com. 8....jaiibcaiibmocktest.000 d. Rs..

.com..com. ..800 Rs.400 Rs..........5% p.400 is lent out into two parts.....www. www. 25. Any of the above d.com. 09994452442 130 ..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A sum of Rs........ 8% coupon rate..400 Ans . 13...... 10 years to maturity c.. admin@jaiibcaiibmocktest. 12.....com.b .....com murugan0501@gmail. If the total annual income from interest is Rs... None of the above w Ans .....116.... ………………………………………………………………………………………………………………………………………………………………… www...a.. 11..com........ Interest Payments on Debts b... Ans .com. Dividend Payments c.......... 10% coupon rate. Passive c. the money lent at 12% is es t .ja iib a.com...onlyforbankers...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.............com........ Both d. 12% coupon rate..c o Rs..........800 Rs..... one at 12% p. ca Debt which is due to us is called... d..b .a.jaiibcaiibmocktest......... admin@jaiibcaiibmocktest.. 10 years to maturity b... 3..a ... 20 years to maturity.. 20 years to maturity........jaiibcaiibmocktest.........bankpromotionexams..bankpromotionexams.... and the other at 12. None of these kt Which is not Tax deductible? Ans ........... 10.. Active b... w w Which bond would most likely possess the least degree of interest rate risk? a... 8% coupon rate... www.....onlyforbankers.....b .. www. oc iib m a. www......

...com.... Only (ii) c...000 c.. 10.......jaiibcaiibmocktest..... www.... 20.......... a.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m If a receipt of Rs.. Liability w Ans . 20...000 Ans ..... 20..........c . An increase of Rs. Retirement Ans – a ………………………………………………………………………………………………………………………………………………………………… www. An increase of Rs.. admin@jaiibcaiibmocktest.. es t ....com.. (i) individual depositors... Asset d. w w ....com.. (ii) Persons jointly depositing articles ca Ans . admin@jaiibcaiibmocktest.. the profit will show .com.. Balance in the petty cash book is ...bankpromotionexams.. www.. Admission b.c ....www.... 09994452442 131 .....c o a.. iib m a.. Expense b.. Permission d.. Either (i) or (ii) d......a ...... www..... Profit c. Nomination facilities are available for ...... Only (i) b....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... of a partner means joining of a new person into an existing partnership as a partner..onlyforbankers..000 from Manan (our debtor) has not been recorded in the books..com........... www.onlyforbankers. Neither (i) nor (ii) oc kt In case of Safe custody of articles.com. Neither an increase nor a decrease d..bankpromotionexams.jaiibcaiibmocktest...... A decrease of Rs.com.....ja iib a.....com....com murugan0501@gmail.000 b.... Submission c.....

... 8 Years 4 months d.....c o m A manager is entitled to receive a commission @ 5 % on net profit after charging such commission.. 10.com.. w w Partnership is a . 2......d . 2.......com... www...........625 c.jaiibcaiibmocktest..000..ja iib a.... Relationship c... Rs.... admin@jaiibcaiibmocktest..... None of the above Ans – b ………………………………………………………………………………………………………………………………………………………………… www... www. 8 Years 6 months oc In how many years will a sum of money double itself at 12% per annum simple Interest? ca Ans ...com..com. His commission will be . a......c .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . For a bank.... 8 Years c.. ... an expenditure c...47.. es t a..000 and selling and administrative expense amount to Rs... an income b.....www. www.......com murugan0501@gmail......... Rs.....500 d...... Both a & b d.... Rebate on bills discounted is an item of .jaiibcaiibmocktest.. www.com.... 5... Rs..com. between two or more persons.. Friendship b.....onlyforbankers....000 kt Ans .... 1.. 2. Gross profit of the firm is Rs. iib m a.. Rs.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. an accrued income d...com...250 b.com..bankpromotionexams.onlyforbankers....... admin@jaiibcaiibmocktest...bankpromotionexams..00.... an income received in Advance w Ans ... 09994452442 132 .c . 7 Years 6 months b.

...com.. Only (i) and (iii) c.... 806069 c.com murugan0501@gmail..... admin@jaiibcaiibmocktest.. 866009 Ans ... www. oc kt You will be receiving Rs... (i) For one particular date. 800669 b.com....www...09 x 3.....com.bankpromotionexams..b ca Solution: w w w ..c o a... www.....jaiibcaiibmocktest.. If the current discount rate for such a stream of cash is 9%..... (iii) Head Cashier es t . www. (i) Vault Teller...32782 P = 806069 This can be done with PV (OA) Present Value Ordinary Annuity too. The profit and Loss Account is not an account... (ii) Cashiers signed the Denomination Slips.. 100000 at the end of each year for the next 15 years.... admin@jaiibcaiibmocktest.... (i).. www.. find the present value of cash flow. (ii) and (iii) Ans .09^15 ÷ (1.1 } -------------------------------------------------100000 = P × 0.. 09994452442 133 ....com.. 860609 d.... Only (i) and (ii) ………………………………………………………………………………………………………………………………………………………………… www. .09^15 – 1) 100000 = P × 0.....com..... (iii) An account for a particular month a.jaiibcaiibmocktest....bankpromotionexams...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...ja iib Since 100000 is like EMI.. will not be responsible for any shortage in book of notes.. Only (ii) and (iii) d.. to find P....onlyforbankers......... (ii) For one particular accounting year.com..09 × 1...com. we use the formula of EMI The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .. Only (i) and (ii) b..64248 ÷ 2.b ..64248 264248 = P x 0.com.. So.onlyforbankers. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m .... iib m a.

....... 1.......com murugan0501@gmail.. is responsible for any shortage either in Hand or Vault Balance...... (i)....c . oc kt a... 16 lac and debt equity ratio 2:1... current liabilities Rs... None of the above ......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. (ii) Operating Income/operating assets a.. Only (ii) and (iii) d. (i) Operating Assets/operating income.. 10 lac...b .com... (ii) and (iii) Ans .....jaiibcaiibmocktest. (i) Vault Teller... 09994452442 134 ... (ii) Head Cashier.......... es t ..... www...... w w w Return on Investment is..... Only (ii) and (iii) d. (i).onlyforbankers............ balance sheet total Rs.. Either (i) or (ii) d.....com..... ………………………………………………………………………………………………………………………………………………………………… www..bankpromotionexams...... www. (ii) and (iii) Current assets are Rs.b ... admin@jaiibcaiibmocktest.... What is the fixed assets/owned funds ratio? iib ca a... 6 lac.....www.................. Neither (i) nor (ii) Ans .com. www........ 09994452442 ………………………………………………………………………………………………………………………………………………………………… . 1.com.5:1 c.onlyforbankers....... www..com.com...............bankpromotionexams. Only (i) and (iii) c.....8:1 d.. admin@jaiibcaiibmocktest..c o m b........ Only (i) and (iii) c...... Only (i) and (ii) b.ja Ans ... Only (ii) c...... (iii) Cashier iib m Ans – c ..com... Only (i) b..jaiibcaiibmocktest.. 1:1 b....com..

...com.ja a........ slow moving stock Ans ...bankpromotionexams.www.. admin@jaiibcaiibmocktest...... 30000 c.000 = Rs..... iib ...... www...000 Hence Current Assets would be 4a = 4 x 10. Poor d.jaiibcaiibmocktest.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m How do you rate a unit with debt-equity ratio of 3.......... (i). (iii) Receivable of 2 years old....000 a = 10.com........30.com..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...jaiibcaiibmocktest.com..000/.c w Explanation : w w Let Current Liabilities = a 4a .... Current Liabilities is Rs..com. What is the amount of Current Assets ? Ans .. NWC is Rs...9:1? .... 50000 ca Suppose Current Ratio is 4 : 1.. 10000 b.10.. Needs financial re-arrangement through induction of owned funds of the promoters es t Ans . Very Good c..40...com..... Only (i) and (ii) b..000/-.... (ii) Plant and Machineries...onlyforbankers.. www.000 i..... www....com...... 09994452442 135 . oc iib m a.... 40000 d....com murugan0501@gmail. ………………………………………………………………………………………………………………………………………………………………… www..onlyforbankers. Good b...com.....bankpromotionexams.....5:1 and current ratio of 1....d . (ii) and (iii) kt Which of the following are not current assets ? (i) Furniture and fixtures.c o a... admin@jaiibcaiibmocktest.. Only (i) and (iii) c.... www...d ...e..... Only (ii) and (iii) d....1a = 30.....

.......... (ii) and (iii) iib m oc Acid test ratio is not computed as. Only (i) and (iii) c...... www...... that of non-current assets Rs..bankpromotionexams....com. Very high stock level c.. Only (i) and (iii) c...... 2 lac es t a.. www.. (i) Current Assets divided by Current Liabilities......com.. Only (i) and (ii) b.. (ii) and (iii) kt Ans .. Only (i) and (ii) b.jaiibcaiibmocktest..com murugan0501@gmail...a .. admin@jaiibcaiibmocktest. www.....onlyforbankers.. 2 lac... Very low investment in stocks d..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... Only (ii) and (iii) d. (ii) Sales.............. Only (i) and (ii) ………………………………………………………………………………………………………………………………………………………………… www.......... 1 lac and total liabilities Rs. (iii) Current assets a..ja If current ratio of an organisation is very high but acid test ratio is low. 1 lac...jaiibcaiibmocktest.onlyforbankers.. None of the above Ans . Very high fixed assets b.. (ii) Current Assets : Current liabilities....com. w w w a. .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .....bankpromotionexams..c o m In a Balance Sheet the amount of fixed assets is Rs.. (ii) Net worth is Rs..a .com....com.... admin@jaiibcaiibmocktest.. ca a... (iii) Current assets are Rs.. (i) Capital.............. 1 lac....b ... 4 lac..... Only (ii) and (iii) d..com.com.. Which of the following statements are not correct? (i) Net worth is Rs...... Working capital limits are not supposed to be repaid out of. (i).. it indicates that the firm has. (iii) Current Assets less stocks and then divided by current liabilities iib Ans .....www.. www......com.. (i). 09994452442 136 .

. If interest is compounded on yearly basis..... . (i).ja iib ----------------------FV = P * (1+R)^T ----------------------So.....bankpromotionexams. Only (ii) and (iii) d. 100500 c......com.... 100600 b.jaiibcaiibmocktest.... for 1 year....onlyforbankers. www.. the amount payable shall be ....com.... w w 'Outsourcing' may be defined as a bank's use of a third party that is ..com.. Neither (i) nor (ii) Ans – c ………………………………………………………………………………………………………………………………………………………………… www......a... Only (ii) c..a .06)^1 = 106000 Ans.onlyforbankers. www.com murugan0501@gmail.. es t A person invested Rs.bankpromotionexams. www. the formula to be used: w . 106000 d.... 100000 in a bank FDR @ 6% p... www....c ca Solution: P = 100000 R = 6% yearly T = 1 yr Since compounding is annualy and its only 1-time investment. 105000 iib m Ans ..... admin@jaiibcaiibmocktest....com... admin@jaiibcaiibmocktest..c o m b...com.......com....... Only (i) b.......www...... oc kt a.. Only (i) and (iii) c... 09994452442 137 .... FV = 100000 * (1+0... (ii) and (iii) Ans . Either (i) or (ii) d..jaiibcaiibmocktest.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..com...com.. (i) an affiliated entity within a corporate group. (iii) an entity that is external to the corporate group a.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.

.....com......... 8 d....ja a...c ........ 5 c.a .......jaiibcaiibmocktest. Only (ii) c... 2 b. for low risk customers.... Both (i) and (ii) Ans ........ www... 5 c....bankpromotionexams....d .jaiibcaiibmocktest. Either (i) or (ii) d.......... www... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Banks cannot outsource (i) according sanction for loans..... 2 b... w Ans . www.. 10 Ans . 8 d.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com..c o a... a..com murugan0501@gmail..............com.. 10 ca KYC is required to be done at least every ......... for high risk customers.......d . admin@jaiibcaiibmocktest.. 2 b...bankpromotionexams.... iib ..com........ kt KYC is required to be done at least every .. ………………………………………………………………………………………………………………………………………………………………… www.. for medium risk customers.. admin@jaiibcaiibmocktest.......onlyforbankers..onlyforbankers.. Only (i) b.. 10 Ans ................ 5 c.. 09994452442 138 ...... iib m oc a.com..................www.......... (iii) management of investment portfolio es t .com.. 8 d..com............... w w KYC is required to be done at least every . www.com.

.jaiibcaiibmocktest... iib In case of Safe custody of articles....... Both (i) and (ii) Ans ...... admin@jaiibcaiibmocktest....onlyforbankers.... www...... Only (i) b.. (ii) customer grievance redressal system es t ....... a...... (ii) more than one individual possible....... (i)..com.d ......c o a.com.. Only (ii) c.... (ii) and (iii) oc kt The key objectives are .. Nomination can be made in favour of . Either (i) or (ii) d. (i) one individual only. (iii) To enable faster money fund transfers to reach out to more customers ca Ans . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which of the following are Back office functions with respect to Regulatory compliance? (i) Identifying KYC gaps.. If interest is compounded on half-yearly basis... w ..bankpromotionexams.... Only (i) b.. ATMs.........onlyforbankers. (i) To increase the number of customers..... Both (i) and (ii) w w Ans . Only (ii) and (iii) d.. 106090 c.com murugan0501@gmail........ 108050 ………………………………………………………………………………………………………………………………………………………………… www..com.com. for 1 year.......com........ja a... 100000 in a bank FDR @ 6% p... Only (i) and (iii) c........ A person invested Rs. Only (i) and (ii) b.... Either (i) or (ii) d..... (ii) To provide multiple delivery channels like internet.... www..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..a . iib m a...... admin@jaiibcaiibmocktest......bankpromotionexams.jaiibcaiibmocktest....com.a.d .com..www..com. www..... www.. the amount payable shall be . 09994452442 139 . mobile banking. 105080 b..... Only (ii) c.....

b .com...... www. ………………………………………………………………………………………………………………………………………………………………… www........ 1......www.......... time is multiplied by 2) Since compounding is semi-annually and its only 1-time investment... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d......com...bankpromotionexams.jaiibcaiibmocktest..... w w w For a transport operator..c o Ans .. admin@jaiibcaiibmocktest.... None of the above ........ rate is divided by 2 T = 1 *2 = 2 (since compounding is semi-annually. admin@jaiibcaiibmocktest... Only (i) b.. (i) Current asset..com murugan0501@gmail. Both (i) and (ii) Ans ..... iib a...ja Ans . www................com.....com... the formula to be used: iib m FV = 100000 * (1+0...33:1 c.. oc kt ----------------------FV = P * (1+R)^T ----------------------So..com..com... 109060 .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... 09994452442 140 .. a bus is ... ca Desirable current ratio is.... 2:1 d... Only (ii) c. www..b ...jaiibcaiibmocktest.. 1:1 b.. .onlyforbankers....bankpromotionexams. (ii) Fixed asset a... Either (i) or (ii) d.......b Solution: es t P = 100000 R = 6% / 2 = 3% (since compounding is semi-annually...................com......03)^2 = 106090 Ans.. www..onlyforbankers.com..

www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m If current ratio is above 2:1................... Only (i) and (ii) b...com murugan0501@gmail... (ii) Does not require working capital from the Bank..... (i) Other name of acid test ratio.... (i) Current Assets less Current Liabilities.com... admin@jaiibcaiibmocktest...... Only (i) and (ii) b... (ii) Equal to quick assets : quick liabilities ...bankpromotionexams.....jaiibcaiibmocktest. Only (ii) c. iib m a.... www....... Either (i) or (ii) d....ja iib a.com.... Only (ii) and (iii) d..... Either (i) or (ii) d.. (iii) Liquidity is very high es t .com.......... Only (ii) and (iii) d... Only (i) b..c o a. (i)..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....a . (ii) and (iii) Ans .com.com..b . Only (i) and (iii) c.... admin@jaiibcaiibmocktest. www... Only (ii) c.. w w Gross Profit Ratio is........ (i) Gross Profit/100 x sales %....jaiibcaiibmocktest... Quick Ratio is..... Only (i) and (iii) c.com....onlyforbankers. Both (i) and (ii) w Ans ..bankpromotionexams. (ii) Current Assets less Current Liabilities other than Bank Borrowings.com... Only (i) b. www......... Both (i) and (ii) Ans – b ………………………………………………………………………………………………………………………………………………………………… www...com.. (iii) 75% of Current Assets ca Ans .... it means that the firm ... 09994452442 141 ..... www.. (i) Has very high investment in current assets....onlyforbankers. (ii) and (iii) oc kt Working capital gap is not .......d ........... (ii) Gross profit/sales x 100 % a... (i).

.com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A person invested Rs.a.... 884....48 b.. time is multiplied by 4) Since compounding is quarterly and its only 1-time investment. 100000 in a bank FDR @ 6% p. the amount payable shall be .jaiibcaiibmocktest.. ...48 c.. rate is divided by 4) T = 1 *4 = 4 (since compounding is quarterly.015)^4 = 106136 (paise rounded) Ans.. for 1 year..... 106136 b.. www... 116136 d.bankpromotionexams.com.. 116316 Ans .....com. admin@jaiibcaiibmocktest.. FV = 100000 * (1+0. www.....a kt Solution: iib m oc P = 100000 R = 6% / 4 = 0. payable on EMI basis.com... What is the amount of EMI? w w w a. admin@jaiibcaiibmocktest...48 d.com murugan0501@gmail..c Solution: P = 10000 ………………………………………………………………………………………………………………………………………………………………… www....com..a. 848... www.c o a.com.ja A person borrowed Rs.onlyforbankers. 10000 from the bank @ 12% p.bankpromotionexams.www... .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.jaiibcaiibmocktest.. If interest is compounded on quarterly basis..onlyforbankers.. 844. www.com. for 1 year. 106316 c. 888. the formula to be used: ----------------------FV = P * (1+R)^T ----------------------- iib ca So..com. es t ..88 Ans ..015 (since compounding is quarterly. 09994452442 142 .

.c Solution: .......1 } -------------------------------------------------So.. 13474 c.bankpromotionexams.c o m R = 12% / 12 = 0.01% (In EMI or Equated Monthly Instalment)... admin@jaiibcaiibmocktest..www........ we need to find monthly rate...onlyforbankers. Calculate EMI..... www.com. we need to find monthly rate.onlyforbankers..01)^120 – 1} = 14347 Ans .. 14374 ca Ans .. 14347 d..48 Ans .. EMI = 10000*0..... www... we multiply time with 12) w w w The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T ..com. www..com.jaiibcaiibmocktest....01*(1+0.. ………………………………………………………………………………………………………………………………………………………………… www. admin@jaiibcaiibmocktest..ja iib P = 10 lac R = 12% / 12 = 0....com murugan0501@gmail.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t kt The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T ..com. 13447 b... www.. we multiply time with 12) oc A person raised a house loan of Rs..01*(1+0..01)^12 ÷ {(1+0..com.01)^120 ÷ {(1+0. so we divide rate by 12) T = 10 *12 = 120 (In EMI or Equated Monthly Instalment..1 } -------------------------------------------------So.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....jaiibcaiibmocktest. EMI = 1000000*0......... 10 lac @ 12% ROI repayable in 10 years.01)^12 – 1} = 888.....bankpromotionexams. . so we divide rate by 12) T = 1 *12 = 12 (In EMI or Equated Monthly Instalment..... 09994452442 143 ..com.....01% (In EMI or Equated Monthly Instalment)..... iib m a..com.....com.

.... www.......com.. 4 lac ………………………………………………………………………………………………………………………………………………………………… www. Rs.. 2 lac b......b ... What is the increase in the current liabilities? w .com...jaiibcaiibmocktest. Rs.. If net working capital is Rs..... www. Rs....com.. 80 lac and Current Ratio 1.. Rs.... Rs.. 20 lac c..... Rs. 20 lac b..onlyforbankers. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ...... Rs..5:1.a ... iib Current Assets of a firm increase from Rs. 3 lac c. 20 lac b.. 15 lac d.. 90 lac but there is no change in the current ratio of 1..com... admin@jaiibcaiibmocktest....jaiibcaiibmocktest...com..... 18 lac c. 25 lac ca Ans .. 15 lac w w Ans .100 lac...c o m Total liabilities of a Balance Sheet of a firm are Rs....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Rs..com.. 15 lac d..... Rs. Rs. 45 lac c.. 09994452442 144 ..50 lac to Rs.....onlyforbankers.www.. what is the amount of net worth? iib m a....... Rs. If its fixed assets and assets other than current assets are Rs.bankpromotionexams. www. Rs. a firm's drawing power for its cash credit account with the bank increased from Rs..50 lac...5:1. 60 lac and debt equity ratio 2:1... 25 lac b.b ...50 lacs and debt equity ratio 3:1 what is the amount of long term liabilities? es t a.bankpromotionexams... www. 10 lac kt Ans ..... Rs.... admin@jaiibcaiibmocktest... 4...com. What is the change in stock level? a....ja a.. 20 lac and total liabilities of Rs..... Rs. oc Current Assets of a firm as per its Balance Sheet are Rs. 18 lac d.. 7.. Rs.. 60 lac to Rs...com murugan0501@gmail... With 25% margin on stocks...........com.

Opening stock of raw material is Rs 2 lacs .com.. www.16 Ans .... 961.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..000/b...com..86 b..000/d. raw material purchased during the year is Rs 5 lacs and closing stock of raw material is Rs 1 lacs... If the manufacturing expenses is Rs 3 lacs the unit is in net profit of .. Rs 1 lacs d. www.... Rs 2 lacs b........... kt a..c .. Nil c..... 5 lac ..com. Cash profit of Rs 30... www....c o Ans .......86 c. The unit has- oc Ans ....16 d.com... ....000/-. 986...com murugan0501@gmail.com.... es t The loss shown by a unit at the end of the year is Rs 50...com. 09994452442 145 ....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d...c Solution: P = 50000 ………………………………………………………………………………………………………………………………………………………………… www.........c ..... None of the above iib m The total sale made during the year is Rs 10 lacs...bankpromotionexams.......www...30..onlyforbankers... admin@jaiibcaiibmocktest... Rs......... admin@jaiibcaiibmocktest.. Cash loss of Rs 30..com.... w w w A person borrowed an amount of Rs... www..30.. The Depreciation for the year is Rs 80.onlyforbankers..jaiibcaiibmocktest..jaiibcaiibmocktest.com. 996...000/c.bankpromotionexams... What shall be monthly payment? a. Cash profit of Rs 1.000/..... 50000 for 8 years @ 18% ROI...c ..000/- iib ca a........ja Ans ....... Cash loss of Rs 1. 916...

.onlyforbankers.. 80 b....com.015% (In EMI.. w w Max permissible LTV ratio for Auto Loans upto Rs.. 2 lac....com.c ..bankpromotionexams..16 Ans ..a .. www.. Amount of total assets Rs....... m - es t Facebook Groups iib m a..5:1 d. 95 Ans – b ………………………………………………………………………………………………………………………………………………………………… www....1 } -------------------------------------------------So..www. divide rate by 12) T = 8 *12 = 96 (In EMI............. What is current ratio if the fixed assets are of Rs. a..... All of them w Ans .. Who is responsible for any shortage either in hand or Vault Balance? ..015^96 – 1) = 986.... www.com murugan0501@gmail....... www...... EMI = 50000 * 0....9:1 c.... 1.. Head Cashier b.ja iib a..com JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… .... 4 lac? ca Ans ...... Accountant d. 10 lac...bankpromotionexams... 09994452442 146 .. 1........onlyforbankers.com.. None of the above oc kt Funded Debt equity ratio is 2:1 and owned funds Rs. 10 Lacs is .com.......com. admin@jaiibcaiibmocktest.jaiibcaiibmocktest. 85 c... www.......015^96 ÷ (1......com...jaiibcaiibmocktest....com.....015 * 1....... % of 'on road price' of the car........ admin@jaiibcaiibmocktest. All Cashiers c..com. multiply time with 12) The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .c o R = 18 % ÷ 12 = 0..... 1:1 b.... 90 d.

.. www..... Rs.... 85 c......... www.... 95 Ans ... admin@jaiibcaiibmocktest..........com. www...... 8....bankpromotionexams. kt Max permissible LTV ratio for individual housing Loans upto 20 Lacs is .com murugan0501@gmail......com. admin@jaiibcaiibmocktest...000 d. www... 90 d...... % iib m oc a. 9 PM c.. 10 PM d.. 6. Rs.a....ja a...... 95 ca Max permissible LTV ratio for Auto Loans above Rs....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...jaiibcaiibmocktest.... is Rs..onlyforbankers..... Rs............. 85 c......... 80 b... 80 b.....onlyforbankers.a ....com..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m EOD operations at CDC normally starts around .........com.............c o a... iib . 90 d. Rs. % of 'on road price' of the car.. 40.... ………………………………………………………………………………………………………………………………………………………………… www.. ...... 09994452442 147 ... 11 PM es t Ans ..400 c.. 10 Lacs is ..com.c ...000 Ans – a . 8 PM b..jaiibcaiibmocktest....com. w w The banker's gain of a certain sum due 2 years hence at 5% p............ w Ans .....c ..www... The Present worth is… a... 4.......... 4.com...bankpromotionexams..com..000 b.......

....... 100000 b.com.. 09994452442 148 . Goods are debited to goods received on consignment account b....com....d w ..ja iib ca Let me explain : D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4+5 = 15 Cost-Residual Value = 1600000 ......jaiibcaiibmocktest. www..bankpromotionexams..... Credit consignor's personal account d..com. Debtor a/c d....... www.... Rs.com. No entry is to be passed c........has residual value of Rs.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com....... w w Which of following is special journal? a..... 200000 c.... Calculate the depreciation for 2nd year using sum of the digits Method.. Creditor a/c c.c o a.........www...100000 = 1500000 1st year = 5/15(1500000) = 500000 2nd year = 4/15(1500000) = 400000 3rd year = 3/15(1500000) = 300000 4th year = 2/15(1500000) = 200000 5th year = 1/15(1500000) = 100000 . Purchase book b.com murugan0501@gmail.. . Rs... www.. 16..b .00......... 300000 d.. None of the above m When the consignee receives the goods from the consigner kt An asset cost Rs..... iib m oc a. admin@jaiibcaiibmocktest. ………………………………………………………………………………………………………………………………………………………………… www...bankpromotionexams.......... www. 400000 Ans . Rs.jaiibcaiibmocktest.com.000/......... and is expected to last 5 years.com..00.. admin@jaiibcaiibmocktest. Capital a/c Ans – a ....onlyforbankers..onlyforbankers..........000/-. 1...... Rs.......com... 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t Ans .

Trade discount es t Ans . Rs. Rs. www.jaiibcaiibmocktest.......... . w Ans – c ..com..... Credit sales b......10. Cash sales d.onlyforbankers. kt Subsidiary book contain: iib m oc a........ if the amount exceeds ........ All of the above Ans ......com....com murugan0501@gmail. Rs. 09994452442 149 ...000/- ca Submission of details of PAN (Permanent Account Number) is compulsory for Fixed Deposits...bankpromotionexams..25............ www...com......com.... Do not carry any interest..com........... www.c o a.. w w Zero coupons bonds .jaiibcaiibmocktest..00....com.....50... Remittances.... admin@jaiibcaiibmocktest. DDs / TTs/ Rupee TCs....... Sale of asset d........... www... a... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Sales book do not contain: .b . Credit items c.. such as...000/d............ Credit sales of goods c. Loss of goods Ans .........com.. etc.000/b..000/c.. Rs.....bankpromotionexams.......ja iib a...........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. It is issued at a lower price than its redemption value b.1.www... admin@jaiibcaiibmocktest... Bears zero risk d....c .a .....com....... Interest on capital b.. ………………………………………………………………………………………………………………………………………………………………… www........ Carry a fixed rate of interest payable at the time of redemption of the bonds c..onlyforbankers.....

At the end of the month he paid Rs... Mr... 5.. 40.......... iib m oc a. www. Subsequently... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m . Section 46 c.000 as their salaries..com.b ..000 for cash and some other stationery for Rs...bankpromotionexams. 21 days Ans ....00..5..000 on credit basis to Mr. 7 days b..com. admin@jaiibcaiibmocktest. www... www... ………………………………………………………………………………………………………………………………………………………………… www..onlyforbankers...1. To be carried out every 2 years d.. To be carried out every 5 years w w w Ans .... admin@jaiibcaiibmocktest..com..... 1949 does not preclude a minor from being a nominee.000.......00. 14 days d.. 45...000..Ravi.1. which cost Rs. An ongoing process c. 30...... In the first week of next month there was a fire accident and he lost Rs...00.000 for buying stationery items. .........onlyforbankers.. Rs.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... www...bankpromotionexams....000 for furniture.000 from Mr........ja iib a....... Out of the stationery bought he sold some stationery for Rs. Peace. 09994452442 150 ... One-time project b..com. was sold for Rs....www.com....1.50....jaiibcaiibmocktest... ca KYC is .com.000 worth of stationery. for obtaining delivery of the contents of a locker.00. 10 days c.1.. 2.. he bought stationery items of Rs. Section 45 ZE d... A part of the machinery... Section 45 b......50...... of the Banking Regulation Act...com murugan0501@gmail.com.c o a.. Of which he paid Rs......... kt Maximum timeframe for collection of cheques drawn on major cities is .com.000 as an initial investment. He employed a sales person and clerk..b .....c . Vinod started a business for buying and selling of stationery with Rs..... Section 46 ZE Ans .. es t ...jaiibcaiibmocktest.....

com. 1. Liabilities : creditors..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Rs......bankpromotionexams.discount.. Rs...000 5. What is the value of the fixed assets he bought? 3. Rs... 5. (ii) all future profits but leaves all future losses.000 4... Who is the creditor and state the amount payable to him.... (iii) all future profits and all future losses a. ………………………………………………………………………………………………………………………………………………………………… www. creditors.... drawings.. 30.. Reace...00... 5..com. Mr..000 9...c o m 1.000 3.. oc Answers : . What is the total amount of expenses and losses incurred? 10.... w w w The concept of conservatism does not take into account . What are the expenses? 6.000 6.jaiibcaiibmocktest. Only (ii) and (iii) d... Vinod had started business? 2.com..........com murugan0501@gmail. Ravi. (i) all future losses but leaves all future profits.. Revenues : sales expenses. Only (i) and (iii) c. What is the gain he earned? 7..... www... Assets : debtors..000 10.... www.. Determine if the following are assets... What is the loss he incurred? 8. Drawings by the owner. salary... 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t .. 1.000 2.. 5. 1.. revenues. ...00..000 8. Mr..com.. 5.com..jaiibcaiibmocktest.. Rs. debtors. admin@jaiibcaiibmocktest. Rs.....000 7.. www..00. (ii) and (iii) Ans . Rs..com. www. Only (i) and (ii) b..onlyforbankers.. discount to debtors. Rs.onlyforbankers... What is the amount of capital with which Mr..www..bankpromotionexams.00. admin@jaiibcaiibmocktest.. 35. Who is the debtor? What is the amount receivable from him? 9.... Rs. 2. liabilities. expenses or none of the these: kt Sales...50.com. 09994452442 151 .ja iib ca iib m 1.d . salary to manager... Rs.com. What is the value of the goods purchased? 4.. (i)..

.. Only (i) ………………………………………………………………………………………………………………………………………………………………… www.... 2:1................... 09994452442 152 . system of accounting...com.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The concern concept according to which a fact or happening which cannot be expressed in terms of money is not recorded in the accounting books is called .. ....... matching concept c.4.... At premium d. In ...c o a.33 : 1 ...com.c ......2..... admin@jaiibcaiibmocktest............ iib m a.bankpromotionexams... www. admin@jaiibcaiibmocktest.www...c iib ca Explanation : Rs.com..00.....onlyforbankers.00... 1:2 b...jaiibcaiibmocktest.... es t ..... (ii) Cash a... www.d .. realisation concept d..00...2....000/Rs......com..com..ja When the expected rate of interest is lower than the coupon rate a bond may be issued w w w a........ (i) Mercantile..com.000 = 2 : 1 The ideal Current Ratio preferred by Banks is 1.. 1:1. cost concept b. incomes and expenses are recognised as and when they are due irrespective of their actual receipt/payment.5 Ans ...jaiibcaiibmocktest..... money measurement concept Ans ...000 and Rs.5 c.com.. www.. At any rate Ans ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com....onlyforbankers..... 2:1 d..00....000 respectively..... At par b...... www...bankpromotionexams.com murugan0501@gmail. Find the Current Ratio. At discount c.4. oc kt If the Current Assets and Current Liabilities of a concern are Rs....

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

.c
o

m

b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
.............................................

es
t

In ...... method of accounting, profit represents excess of receipts over expenditure. (i)
Mercantile, (ii) Cash

iib
m

Ans - b
.............................................

oc

kt

a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)

iib

a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)

ca

...... system of recording transactions in books is not a scientific one. (i) Single Entry, (ii) Doubly
Entry

.ja

Ans - a
.............................................

w

w

w

A truck cost Rs 1,05,000 with a residual value of Rs. 1,00,000. it has an estimated useful life of 5
years. If the truck was bought on July 9, what would be the book value at the end of year 1?
a. Rs. 1,00,000
b. Rs. 85,000
c. Rs. 80,000
d. Rs. 25,000
Ans - a
.............................................
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

The facility to get bill of exchange discounted puts them into the category of

.c
o

a. Fixed assets
b. Intangible assets
c. Wasting assets
d. Current assets

es
t

Ans - d
.............................................

kt

Ascertaining value of stock from accounting record is known as

iib
m

oc

a. Continuous stock taking
b. Periodic inventory
c. Perpetual inventory
d. Stock audit
Ans - c
.............................................

iib

.ja

a. 167
b. 333
c. 500
d. 833

ca

The cost of a van is 3,250 with a residual value of Rs. 750. The van has an estimated useful life
of 5 years. The amount of depreciation expense using sum-of-the-year's digit to nearest dollar
in year 5 is...

w

Ans - a
.............................................

w

w

...... capital is the amount with which Company is formed.
a. Authorised
b. Subscribed
c. Both a & b
d. All the above
Ans – a
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

How much value of stock having face value of Rs. 100/- at Rs. 85 can be purchased for Rs.
1,360?

es
t

.c
o

a. Rs. 1,156 stock
b. Rs. 1,360 stock
c. Rs. 1,600 stock
d. Rs. 1,660 stock
Ans - c
.............................................

oc

kt

What is the principal amount which earns Rs. 264 as compound interest for the second year @
10% p.a.?

iib
m

a. Rs. 2,000
b. Rs. 2,200
c. Rs. 2,400
d. Rs. 2,600
Ans - c

ca

Solution :

iib

A = P(1+r/100)n
In the formula, A represents the final amount in the account after n years at interest rate 'r'
with starting amount 'p'.

w

.ja

P 2nd year = 2640
A 1st Year = 2640
P 1st = (2640/110*100) = 2400
.............................................

w

w

Simple interest on a sum at 5% p.a. for two years is Rs.500. The compound interest on the same
sum, rate of interest and for the same period is......
a. Rs. 475
b. Rs. 512.50
c. Rs. 525
d. Rs. 537.50
Ans – b
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

Solution :
Let us first find the Principal Amount

.c
o

Simple Interest for 2 years @ 5% = 500
So, for 1 year @ 5% = 500/2 = 250
So, the Principal Amount = 250/5*100 = 5000

oc

kt

es
t

Now let us calculate, compound interest on Rs. 5000 at 5% p.a for 2 years
A = P(1+r/100)^n
= 5000 (1+5/100)^2
= 5000 (1.05)^2
= 5000 (1.1025)
= 5512.50

iib
m

CI = Amount - Principal
= 5512.50 - 5000
= 512.50
So, compound interest on Rs. 5000 at 5% p.a for 2 years is : Rs. 512.50
.............................................

ca

...... is the interest that is paid on the principal amount and also on the accumulated part of
interest.

.ja

iib

a. Annuities
b. Interest
c. Simple Interest
d. Compound Interest

w

Ans - d
.............................................

w

w

In book keeping, Capital account is a ................account.
a. nominal
b. real
c. personal
d. intangible
Ans - b
.............................................
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

Joint venture account is

.c
o

a. Nominal
b. personal
c. Real
d. Intangible account

es
t

Ans - a
.............................................

kt

The set of rules for recording of events in accounts are called as

iib
m

oc

a. Accounting Rules
b. Accounting Standards
c. Accounting laws
d. None of these
Ans - b
.............................................

iib

.ja

a. 6
b. 7
c. 8
d. 9

ca

A man invested Rs. 3000 in a stock at 120 to obtain an income of Rs. 150. The dividend from
stock is …%

Ans - b

w

w

w

Explanation:
By investing Rs. 3000, income = Rs. 150
By investing Rs. 97, income = Rs. 150/3000 x 120 = Rs. 6
Dividend = 8%
.............................................
A man invested Rs. 90,000 in a stock at 90 to obtain an income of Rs. 4,500. The dividend from
the stock is ...... %
a. 3.5
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

.c
o

m

b. 4.5
c. 5.5
d. 6.7
Ans - b

By investing Rs. 90,000, income = Rs. 4,500
By investing Rs. 90, income = Rs. 4500/90000 x 90 = Rs. 4.5

oc

kt

Dividend = 4.5 %
.............................................

es
t

Explanation:

iib
m

Simple interest on a sum at 8 % p.a. for 3 years is Rs.960. The compound interest on the same
sum, rate of interest and for the same period is......

Ans - b

iib

Let me Explain :

ca

a. Rs. 1029
b. Rs. 1039
c. Rs. 1049
d. Rs. 1092

.ja

Let us first find the printcipal Amount

w

w

w

Simple Interest for 3 years @ 8% = 960
So, for 1 year @ 8% = 960/3 = 320
So, the Principal Amount = 320/8*100 = 4000
Now let us calculate, compound interest on Rs. 4000 at 8% p.a for 3 years
A = P(1+r/100)^n
= 4000 (1+8/100)^3
= 4000 (1.08)^3
= 4000 (1.2597)
= 5039
CI = Amount - Principal
…………………………………………………………………………………………………………………………………………………………………

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158

the Principal Amount = 400/10*100 = 4000 w w w .bankpromotionexams.. 1685 Ans . 1658 c... 1856 d..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..com........ 4000 at 10% p.. www.. www. compound interest on Rs.com... 1039 .. 1856 .. m = 5039 ..4000 = 1856 So....c o So...a for 3 years is : Rs.1600.com.com...... www..........jaiibcaiibmocktest.. Rs..com.. Rs. 1586 b.... The compound interest on the same sum... compound interest on Rs... 4000 at 10% p.. ………………………………………………………………………………………………………………………………………………………………… www....4641) = 5856 CI = Amount ..com murugan0501@gmail.....bankpromotionexams.. admin@jaiibcaiibmocktest. Rs. compound interest on Rs. for 1 year @ 10% = 1600/4 = 400 So....a for 4 years is : Rs. www......ja iib Now let us calculate...Principal = 5856 ...com. 4000 at 8% p..www.onlyforbankers... admin@jaiibcaiibmocktest.... Rs...c iib m Let me Explain : Let us first find the principal Amount ca Simple Interest for 4 years @ 10% = 1600 So...a for 4 years A = P(1+r/100)^n = 4000 (1+10/100)^4 = 4000 (1.com.jaiibcaiibmocktest. rate of interest and for the same period is. for 4 years is Rs.onlyforbankers..com... 09994452442 159 .4000 = 1039 es t Simple interest on a sum at 10% p..1)^4 = 4000 (1...a...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. oc kt a..

...000 b.000..com..... admin@jaiibcaiibmocktest... Rs.000 c..... admin@jaiibcaiibmocktest.000 iib Ans . Rs... then Assets Rs.bankpromotionexams. Rs....d Let me Explain : w ......000... 25.000.000 c.. 80..onlyforbankers.....000....ja A = C+L = 60000+25000 = 85000 . 50.. then Assets Rs. .c oc A = C+L = 40000+15000 = 55000 .. Rs.....bankpromotionexams. Liabilities Rs. 85...000.com murugan0501@gmail.c o a. Rs..... 95. Rs... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Capital Rs.. 25. 40... 65.com. w w Capital Rs. ca a.. www. 1...000....com.. Rs.... 55...com.... 35.jaiibcaiibmocktest...... Rs.www.000 d...000 d. 95.... 09994452442 160 ..45. 45.000 b. kt Let me Explain : iib m Capital Rs. 15..com.onlyforbankers..000 b... then Liabilities Rs.... Rs. 60..000 d.com...000 c. 60. Liabilities Rs. Rs.. www..a ………………………………………………………………………………………………………………………………………………………………… www. Assets Rs.. Rs.000 es t Ans .com. a... www...com...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www...jaiibcaiibmocktest. Rs... 45.. 50..000 Ans .

c o A = C+L = 95000 .. 35......com murugan0501@gmail.....000....d iib ca Let me Explain : Let the principal be P and rate be R..jaiibcaiibmocktest.... 45. www... Liabilities Rs....... oc kt a.. 3:2 d.. ………………………………………………………………………………………………………………………………………………………………… www. 1........ then Ratio = [(P*R*9/100):(P*R*21/100)] = 9PR:21PR = 9:21 = 3:7 ...... admin@jaiibcaiibmocktest... then Capital Rs..jaiibcaiibmocktest.. www. w w w a..15... admin@jaiibcaiibmocktest........ 55. 1:2 b.000 d.....com.......com....000 b.bankpromotionexams........ 2:1 c....... www.... .www. Rs......onlyforbankers. 80..com...bankpromotionexams.....000 Ans ....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...............com.50000 = 45000 .. 35...000 c...........com... Rs. www..000..com. 09994452442 161 .....com.onlyforbankers..b Let me Explain : A = C+L = 80000+35000 = 45000 .ja Assets Rs.. Rs.. Rs. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Let me Explain : es t ... What will the ratio of simple interest earned by certain amount at the same rate of interest for 9 years and that for 21 years. 3:7 iib m Ans .com.

. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m An asset cost Rs. 09994452442 162 ... 1.a..com. es t .com murugan0501@gmail. www..60 b.800.com.a for 2 years ………………………………………………………………………………………………………………………………………………………………… www.Residual Value So.... Rs.com.. www..000/-. 80.000 c.. the Principal Amount = 400/4*100 = 10000 Now let us calculate...816 w Ans . 81.. 816 c..jaiibcaiibmocktest.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. compound interest on Rs. Rs..jaiibcaiibmocktest.20. 70..000/.onlyforbankers.. admin@jaiibcaiibmocktest. 70000 * 6 = Rs.. for 1 year @ 4% = 800/2 = 400 So...20... 4...has residual value of Rs.. Calculate the total depreciation till 6th year using Straight-line Method. Rs.000 d... Rs. 10000 at 4% p.80. rate of interest and for the same period is.c oc kt Let me Explain : Expected Life = 9 Years Total Depreciation = Cost of the Asset . for two years is Rs. Value to be taken for Depreciation = 720000 .000 b..000/. 1.onlyforbankers.. 4.000 Ans . 90..com. admin@jaiibcaiibmocktest.com. Rs.www.ja iib a.. and is expected to last 9 years.. Rs.. 4. The compound interest on the same sum.90000 = 630000 Depreciation per year = 630000/9 = 70000 iib m So...com..com.bankpromotionexams..com... ...20.b w w Let me Explain : Let us first find the printcipal Amount Simple Interest for 2 years @ 4% = 800 So. Rs. www. www. ca Simple interest on a sum at 4% p.... Rs.c o a...600 d. 7. Total Depreciation till 6th year also will be Rs.bankpromotionexams..

Calculate the depreciation for 4th year using sum of the digits Method.com.. 12000 ………………………………………………………………………………………………………………………………………………………………… www.com..000/- iib Let me explain : ca Ans ..com. www. 10000 at 4% p.com murugan0501@gmail... Rs....com.onlyforbankers..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.......onlyforbankers.www. a.bankpromotionexams.a for 2 years is : Rs.. www. 11500 b.. 60..... A money lender lent some amount in simple interest of @ 8% p.com.bankpromotionexams....has residual value of Rs.jaiibcaiibmocktest.000/d.. 3..a....... oc An asset cost Rs.... compound interest on Rs.com.. Rs.000/-.000/c.. Rs...Principal = 10816 ..ja D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4 = 10 w w w 1st year = 4/10(300000) = 120000 2nd year = 3/10(300000) = 90000 3rd year = 2/10(300000) = 60000 4th year = 1/10(300000) = 30000 .com..... 30.. admin@jaiibcaiibmocktest. 15.....20. www.. he got Rs.jaiibcaiibmocktest. Rs..0816) = 10816 es t CI = Amount . admin@jaiibcaiibmocktest.....10000 = 816 kt So... 1........... 816 ... Rs. 09994452442 163 . 30.... Find out the sum lent by the money lender.. and is expected to last 4 years.000/b... www.com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ...... iib m a.... Rs..c .c o m A = P(1+r/100)^n = 10000 (1+4/100)^2 = 10000 (1..000/.04)^2 = 10000 (1.30.. 14000 in full payment of interest and principal amount.. After 18 months..

... Total amount repayable is ..... www..com.... ………………………………………………………………………………………………………………………………………………………………… www... Rs..3.. Rs..com murugan0501@gmail... 09994452442 164 ......c o Ans .... Neither a nor b Mr..b .ja Ans .com. www...com....com.. kt a.com...bankpromotionexams... 76000 d........ Akil borrowed a sum of Rs.... was debited to trade expenses account with Rs. es t While recording transactions.. In how many years will a sum of money double itself at 8% per annum compound Interest? w w w a........com. Rs......www.. Rs..com..... Convention of Conservatism b. Rs... for 4 years........ Principle of Prudence c... The partners drawing account should be debited in the rectifying entry with . 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c.. 8 Years b..... 74000 c....c .... 78000 ....... 9 Years 6 months Ans ...onlyforbankers....000 for the son of a partner... admin@jaiibcaiibmocktest.. 13000 . www..... 8 Years 6 months.......jaiibcaiibmocktest........a........300....... 12500 d......... A watch purchased for Rs......bankpromotionexams...c ....... c.... admin@jaiibcaiibmocktest...c .onlyforbankers... Rs.. This is called as oc iib m Ans ... all possible losses must be taken into consideration but all anticipated profit should be ignored.. iib ca a..jaiibcaiibmocktest.... Anand at the rate of 12% p..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com........ 72000 b. 9 Years d.. Both a & b d.... 50000 from Mr.. www...

.onlyforbankers......112 d.... www... Rs. 120 d. 8...bankpromotionexams...... Rs.com.d ...com.com murugan0501@gmail......jaiibcaiibmocktest.. 8....... 110 c.... Rs... a. credited to the debtor should result in ..... 130 Ans – a ………………………………………………………………………………………………………………………………………………………………… www... Rs..100 c... Rs.. 100 b.com. find the simple interest at the same rate for 2 years...a...... 300 b.. Rs...ja iib a.... admin@jaiibcaiibmocktest. 3000 es t Ans .... admin@jaiibcaiibmocktest.000 written off as bad debts now received..... 8. then after 2 years the amount to be paid is ....3.... Rs...com..com.. decrease the net profit by Rs.....com... www... ca If Rs. Rs... increase in the balance of debtor's account kt A sum of Rs.. 09994452442 165 .. 3000 b....c o m a.com. Ans ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .. 3300 d.. www.......onlyforbankers.. no effect on net profit d... Rs.......... w w If compound interest for 2 Years at the rate of 4% of some money is Rs. Rs.200 w Ans . Rs.bankpromotionexams.. 2700 c. www. ... 7.082 b. 3000 c... 8...c . Rs..jaiibcaiibmocktest.b .......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. 102.com.www...500 are borrowed at compound interest at the rate of 4% p.... increase the net profit by Rs. iib m oc a......

...4% b. 6 years c................. 5. 18 years ca Ans ..... half b.... 12 years d.... one tenth Ans – b ………………………………………………………………………………………………………………………………………………………………… www. admin@jaiibcaiibmocktest..8% d... then it will be 27 times of itself in . 5..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m What is the rate percent per annum if a sum doubles itself in 12 years at Compound rate of interest? es t . None of the above w Ans ......... 5..9% Ans – d .www.onlyforbankers.....bankpromotionexams. double c....... unequal c.. one fourth d... are …… .......com..... w w When compound interest is calculated half yearly.. a. Can't say d.....onlyforbankers.com. 09994452442 166 .c o a..com..com................com.... then the period becomes ... 5.com.........com.jaiibcaiibmocktest..... admin@jaiibcaiibmocktest..com murugan0501@gmail.. oc kt If a sum of money trebles itself in 2 years at compound interest.... iib m a... www..5% c. www... equal b.b ..a ... The simple interest and compound interest of first year.............jaiibcaiibmocktest.....bankpromotionexams.... 5 years b..com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...ja iib a. www. www.

bankpromotionexams.. Rs....50 b........ 9 % iib A sum of Rs 12........*100/P/T So.. 2..000 Ans – b .. ………………………………………………………………………………………………………………………………………………………………… www.500 b. www.. Find the rate percent w Ans ..com...com murugan0501@gmail....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www....A w w Explanation: S. Rs..625 c...com. Rs.... 7 % C.onlyforbankers...bankpromotionexams.12500 = 3000..I = 15500 ..30 d.... 6. If the rate of interest is 10% he ..onlyforbankers...www.......com.. ...................com.com. 09994452442 167 . simple interest is ..30 c... S.950 in cash and sells it for Rs.. iib m a.. es t . Gains Rs..... loses Rs...=P*R*T/100 =>R=S......com.I...I.. 15. =>R = 3000*100/12500/4 = 6% ..... 6. www. Rs.. Gains Rs.. 6 % B.com...200 on credit of 1 year.. 7...........a. 7.. admin@jaiibcaiibmocktest....500 amounts to Rs. admin@jaiibcaiibmocktest. Loses Rs.020 due in two equal half-yearly instalments @ 8%p. 8 % D.. 1....500 in the 4 years at the rate of simple interest. www.........c o a......750 d...50 ca Ans . oc kt A person buys a watch for Rs. 6..com....jaiibcaiibmocktest..d ..ja A..jaiibcaiibmocktest. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The present worth of Rs...

...01.1999 Ans .. 09994452442 168 ........ Pay-in-Slips b.. Letters of authority signed by the customers.....01.....d .... w w ......ja iib a.... iib m oc a...com.............. RTGS/NEFT w Ans .. Sundry Debtor d. kt Category-wise accounts for various types of transactions put through inter-branch accounts to be maintained wef .......c ...onlyforbankers. Head Cashier es t Ans – b .... Suspense b. Application for issue of DD....com...www... www.....c o a.... www.. Challans for deposits into Govt Accounts c. www. admin@jaiibcaiibmocktest.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. EOD/BOD b...bankpromotionexams.04.. 01... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Any excess in the Cash Balance must be credited to ........bankpromotionexams.b ....com............ 01.. admin@jaiibcaiibmocktest.....1998 b...com... www.04........... process is done for all the branches at one consolidated stretch. SOD/BOD d.. 01. containing standing instructions d. ca Which of the following is not an example for credit voucher? ....onlyforbankers.. ..1998 c.com.. account on the same day..com..... EOD/SOD c. All the above Ans ...........com..com murugan0501@gmail...... TD..... Sundry Creditor c.........jaiibcaiibmocktest.... a.........com............ 01........1999 d. ………………………………………………………………………………………………………………………………………………………………… www..jaiibcaiibmocktest...

.. It is a loss for the firm receiving the payment and again for the firm making the payment c........ All the above E.com murugan0501@gmail...... www.... www.. admin@jaiibcaiibmocktest....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.......... The cost of a van is 3..com.. 13.. The van has an estimated useful life of 5 years....com. Rs... Declaration of all guardians on behalf of minors b..d ........com.. A & B kt Ans – d . Discount allowed is entered on debit side and discount earned on the credit side of cash book... Rs.. The sum lent out at 10% is. the following document/s is/are important - iib m a... d... 16700 b. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Cash discount is …… es t .onlyforbankers. iib A sum of Rs....c o a.bankpromotionexams.500 c..jaiibcaiibmocktest.. 10... www.com...25. 12. The amount of depreciation expense using sum-of-the-year's digit in year 5 is..c .........500 w w Ans .. 75.500 b. a..www..000.000 is lent out in two parts in such a way that the interest on one Part @ 10% for 5 years is equal to the on another part @ 9% for 6 years.... w ..bankpromotionexams..com.. The allowance to expedite cash receipts and payments within a specified period b... 33300 ………………………………………………………………………………………………………………………………………………………………… www. admin@jaiibcaiibmocktest.. Rs...com. 26.... 09994452442 169 ...onlyforbankers..000 with a residual value of Rs.. www.ja a...........jaiibcaiibmocktest. Rs......................com.....500 d. 11... Declaration can be exempted as per Hindu Succession Act ca Ans ... Declaration of all family members c...com. Declaration of the Karta of the family d.. oc For opening accounts in the case of Joint Hindu Undivided Family (JHUF).....

com.a . Find the simple interest on Rs 7000 at 50/3 % for 9 months w w w A....I... Rs.... = P×R×T100 ………………………………………………………………………………………………………………………………………………………………… www. Signatures of the partners d... Rs....com...& above d......000/.000/.....C Explanation: S....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. admin@jaiibcaiibmocktest.. oc iib m Ans ...000/.& above ...jaiibcaiibmocktest. admin@jaiibcaiibmocktest.. Partnership Deed b...... 1075 B.000/...b .. Partners MOU c.com.c o Ans . Rs..com.. www.www...00....... Registration certificate of Partnership Submission of details of PAN (Permanent Account Number) is compulsory for Fixed Deposits of . 775 Ans .jaiibcaiibmocktest... 875 D...... 83300 ..a ........onlyforbankers... 09994452442 170 ..ja Ans . 50000 d...50......com. Rs.........com.... es t While opening an account in case of partnership firm..& above c.. 975 C......1... one of the vital document to be produced by the firm is ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c. www......... iib ca a..... www. Rs..75.com murugan0501@gmail. Rs..bankpromotionexams.........onlyforbankers. www....bankpromotionexams.. Rs.. Rs..com...20..com.....& above b......... kt a..

000 received from Ramesh. 09994452442 171 . iib a.... None of the above Ans .... Ramesh a/c kt Rs................ = 7000×50/3*9/12/100 =875 es t [Please note that we have divided by 12 as we converted 9 months in a year format] ..... Errors of principle d....... 5.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m So. Errors of omission c...jaiibcaiibmocktest.........b .....onlyforbankers.... Bad Debts a/c b.com.com..com....... www..www............. ………………………………………………………………………………………………………………………………………………………………… www......... 15000 is returned by the customer....b ..............com.. www. It is an … a.........com.....ja Ans .. www.........onlyforbankers..... we get .... ca Maintenance of fixed assets is a .......... Capital Expenditure b..... should be credited to .com.. www.....I.bankpromotionexams... Bad Debts Recovered a/c c.......com murugan0501@gmail. It is taken into stock but no entry passed... oc iib m a..c o S. Ans .b ... admin@jaiibcaiibmocktest..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Revenue Expenditure c........ w w w Goods worth Rs....... by putting the values in the above formula..... Errors of commission b..bankpromotionexams..jaiibcaiibmocktest.. None of the above . Bad Debts Provision a/c d.com...com. admin@jaiibcaiibmocktest.... Deferred Revenue Expenditure d... whose account was previously written off as bad debts...

ja iib a...com. Goodwill b.. 10000 b... Losses d.... Find the gross profit...a ... 13500. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Cost of the goods .. Ans . none Ans .........com murugan0501@gmail. a. Purchases . www.... ca .b ....... Issued to promoters of the company for their services Ans – c ………………………………………………………………………………………………………………………………………………………………… www......com...onlyforbankers.com......Rs. liabilities side B........ 75000.www. 24000 d.jaiibcaiibmocktest. assets side C...... 23500 c.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 112500........... Issued for a consideration other than cash c.com.. kt Where does the Net Profit appear in the balance sheet? es t .a .com.. w w Rights shares mean the shares which are... All of the above w Ans ....Rs.jaiibcaiibmocktest... admin@jaiibcaiibmocktest....onlyforbankers.. admin@jaiibcaiibmocktest. reputation and long standing in the business...... is the value attached to the super profit earning capacity of business arising from its wide connections. 37500 iib m oc A....bankpromotionexams....c o a. Issued to directors of the company b... Sales ..com........ . Offered to the exiting shareholders d....com.. Opening Stock .. either a or b D. 09994452442 172 .. www. 89000.........Rs.bankpromotionexams........... www. Liblities c...Rs.... www.......com.

com........ 140 Ans – b ………………………………………………………………………………………………………………………………………………………………… www... 8300 ca Ans – a ..... admin@jaiibcaiibmocktest.. Any balance w Ans .. 6000 d....... Deducted c......... www... 120 C.. 3700 b. www. The said amount should be ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...Rs. Sales .com.... es t a.www.com...jaiibcaiibmocktest..com.. www.onlyforbankers...... from the passbook balance. 110 B.bankpromotionexams. www............ja iib a.... 37500.bankpromotionexams.... admin@jaiibcaiibmocktest...... None of the above kt Ans – b .a .. Partner's loan d.Rs..com.. iib m a.. Bank passbook shows credit balance of Rs.. 132 due in 2 years at 5% simple interest per annum A.. to reconcile the same with cashbook... 2300....com. 130 D..... To the outsiders b.....Rs.. Expenses ... Capital of partner c. 4700 c.....com. w w What is the present worth of Rs. No entry required d. 7500.. Find the net profit...com......com murugan0501@gmail... 43500...... 3000 is credited in the passbook but not yet entered in cashbook........ In Dissolution payment is made: ...jaiibcaiibmocktest..... oc Cost of the goods ....onlyforbankers...... 09994452442 173 ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .c o m Interest of Rs.... Added b..

.. 7500..... (i)............. ………………………………………………………………………………………………………………………………………………………………… www.............. 42500 c.b ... Find Operating expenses. .Rs..jaiibcaiibmocktest........ Net loss ........I. 6....25 % d.. (ii) and (iii) kt Purchase of a T....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... Gross profit .jaiibcaiibmocktest... S.com. Only (ii) and (iii) d.... www.com.. www.bankpromotionexams.... w w Sales .. Only (i) and (ii) b.bankpromotionexams......100x =› 110x = 13200 x= 120 ....Rs. ca A sum of money doubles itself in 16 years at simple interest with yearly rate of.25 % w Ans . www......ja iib a. (ii) increase assets and decrease capital.... (i) decrease assets and decrease capital...onlyforbankers.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… .......... admin@jaiibcaiibmocktest.b .Rs. admin@jaiibcaiibmocktest.onlyforbankers.....x) es t =› (x*5*2/100) = 132 .x =› 10x = 13200 ....... 8.. 27500 b.....com........x Then......= Rs....com......www....25 % c. 68500 d....com.com. 5...c .25 % b..com murugan0501@gmail........ 7......... 35000.. a... 75000 Ans ... Only (i) and (iii) c.............V set for the proprietor will not . 110000... oc iib m a.. (iii) increase capital and decrease assets Ans .(132 .com..... www.com.. 09994452442 174 .....c o m Explanation: Let the present worth be Rs.

admin@jaiibcaiibmocktest.. 09994452442 175 ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. (Note: SINCE HERE PAYMENT IS TO BE RECEIVED ANNUALY..com.com. 6 lac c... Rs.... Rs.... Amount of opening stock is Rs.....09 * 1. 111536 c. admin@jaiibcaiibmocktest.com...09^15 ÷ (1. The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .1 } -------------------------------------------------So.... EMI = 900000 * 0. www.. 3 lac b. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Amount of sales is Rs..com murugan0501@gmail. 50 lac and stock turnover is 10...com.. 9 lac d..ja iib P = 9 lac R = 9% p. 9 lacs @ 9% ROI...... www. How much he will receive annually? iib m a. 4 lac..... 111653 Ans – d ca Solution: w w w ......09^15 – 1) = 111653 Ans ..... 5 & 6.... oc kt Mr...jaiibcaiibmocktest.b .......onlyforbankers... NOT Monthly...a.. ………………………………………………………………………………………………………………………………………………………………… www...c o a... 111356 b. Rs. www... What will be amount of closing stocks? es t .... we can well use EMI formula in this question as we did in questions no 4..... www..bankpromotionexams..... Time IS NOT multiplied with 12) So....com.. None of the above Ans ...com..jaiibcaiibmocktest. X wants to receive a fixed amount for 15 years by investing Rs.www.onlyforbankers. 111563 d. Rate IS NOT divided by 12) T = 15 yrs (Note: SINCE HERE PAYMENT IS TO BE RECEIVED ANNUALY.bankpromotionexams. NOT Monthly..com.com..

20 per unit.... 250 lac c.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.c ..... admin@jaiibcaiibmocktest.... Rs. 20 b...000? w w w Ans ..d ... (i) Profit and Loss Account.. (ii) and (iii) kt The financial statements include.. 270 lac d...jaiibcaiibmocktest... 5 lac....... Rs.. Rs.com.. www. Rs.com.... www. iib . 92820 @ 10%............bankpromotionexams....... X obtained a loan of Rs....jaiibcaiibmocktest. 60 d.....bankpromotionexams... 160000 and variable cost Rs.onlyforbankers. Rs... which he has to pay in 4 equal annual installments..... What is the amount of sales? .com..com murugan0501@gmail...com... of units is 4.. www. 40 c.. 200 lac b. what is the amount of selling price.com.. 09994452442 176 .c o a.com.... 28292 d. Only (i) and (ii) b.com...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Profit to sales is 2% and amount of profits is Rs.. (iii) Funds flow statement Ans . 22982 c.ja a..........com....... (i)......... Only (ii) and (iii) d..onlyforbankers.. if break even no..b .. 300 lac es t Ans .. Only (i) and (iii) c. 29282 ………………………………………………………………………………………………………………………………………………………………… www.. 22892 b. Rs. Calculate the amount of installment? a... admin@jaiibcaiibmocktest......... Rs. Rs.... www.. (ii) Balance Sheet...... Mr..... oc iib m a. 80 ca In respect of a firm having fixed cost of Rs....www..

..........jaiibcaiibmocktest. Time IS NOT multiplied with 12) So.... (i) Only profit and loss account. Only (i) b...onlyforbankers.com.. (iii) which can be kept moving a. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans .www.. (i) which can be converted into cash during accounting period of one year.com.a. admin@jaiibcaiibmocktest. Either (i) or (ii) d...bankpromotionexams..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. www.. Only (i) and (ii) b.. (Note: SINCE HERE PAYMENT IS TO ANNUALY. admin@jaiibcaiibmocktest..1^4 ÷ (1. we can well use EMI formula in this question as we did in questions no 4...... the bank should study.com... 6 & 7 iib a...... www.1 × 1..com.ja Ans ............. es t P = 92820 R = 10% p.. 09994452442 177 . (ii) which can be sold in the market as current goods.. w w w The Current Assets are not those assets.1 } -------------------------------------------------EMI = 92820 × 0...com. (ii) Only Balance Sheet .com... (i).. NOT Monthly....... www..... Only (i) and (iii) c....com..... NOT Monthly..1^4– 1) = 29282 Ans ... 5..bankpromotionexams.com..com murugan0501@gmail. www.. (ii) and (iii) Ans – c ………………………………………………………………………………………………………………………………………………………………… www... Both (i) and (ii) ca For assessing financial position of a borrower.......jaiibcaiibmocktest.c o Solution: kt oc iib m The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T . Only (ii) and (iii) d.. Only (ii) c..d ....c .onlyforbankers... Rate IS NOT divided by 12) T = 4 yrs (Note: SINCE HERE PAYMENT IS TO BE ANNUALY.....

. (iii) Receivable of 2 years old.c o a. 50.. www. www.. 09994452442 178 ...com........ Rs.....000 c. (i).....com murugan0501@gmail.... 1.com.onlyforbankers... An asset cost Rs...... www.jaiibcaiibmocktest. (ii) Fixed Assets divided by Current Assets. Rs.. (iii) Owned funds divided by Current Liabilities ... oc iib m a.00.com........ ca Current Ratio is not calculated as. Credit Suresh to the extent of Rs..00.... Rs.. 90... (ii) and (iii) Ans ..40. www..000 c.c ... (i) Current Assets divided by Current Liabilities..www........ 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which of the following are not current assets ? (i) Furniture and fixtures.jaiibcaiibmocktest. Only (i) and (ii) b.. 2... admin@jaiibcaiibmocktest..... admin@jaiibcaiibmocktest.ja iib a... 3.bankpromotionexams.com...... (ii) and (iii) w w w Ans .. Calculate the total depreciation till 3rd year using Straight-line Method.20000 kt Sale of Rs.bankpromotionexams.70..com.00.... 5.000 b. (ii) Plant and Machineries... Only (i) and (iii) c.. slow moving stock es t .000 d.. Only (i) and (ii) b.....40.........000 Ans – c ………………………………………………………………………………………………………………………………………………………………… www.......com..20000 to Suresh is posted to his credit..onlyforbankers... (i)....has residual value of Rs. Rs. Debit Suresh to the extent of Rs..000 b.. Credit Suresh to the extent of Rs.. Debit Suresh to the extent of Rs.. and is expected to last 5 years.000/.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Only (i) and (iii) c.....20.com.000/-...c ....... then rectification is Ans .. Only (ii) and (iii) d.. Only (ii) and (iii) d..com.....a ... a.000 d..

...... (i) Expenses not provided........ admin@jaiibcaiibmocktest.70.. Direct Quote b. iib The concept of deriving the rate of currency A in terms of currency C through currency B is called as w w w . letter of guarantee. Indirect Quote c... Cost of replacement of defective parts of the machinery is a...... admin@jaiibcaiibmocktest..c ..www. www.......000/. liability on account of letter of credit..... 09994452442 179 .. 90000 * 3 = 2...jaiibcaiibmocktest. which are to be repaid immediately.jaiibcaiibmocktest. www. (iii) Net worth of the party ca Ans ...com. iib m a.....com.... www..com.bankpromotionexams...Residual Value So.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t So.................onlyforbankers..c o Expected Life = 5 Years Total Depreciation = Cost of the Asset ...50000 = 450000 Depreciation per year = 450000/5 = 90000 m Let me Explain : kt Rs..ja a.... provisions not made etc.....com murugan0501@gmail.com....com.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail......... Total Depreciation till 3rd year will be ..com..... Chain Rule d..... (ii) Current liabilities.com.bankpromotionexams. Capital expenditure b.. (i).. www....... Deferred revenue expenditure ………………………………………………………………………………………………………………………………………………………………… www.......... Only (i) and (iii) c. Arbitrage Ans – c . (ii) and (iii) oc The contingent liabilities are not .. Only (i) and (ii) b..onlyforbankers.............com.. Revenue expenditure c.. Only (ii) and (iii) d. Value to be taken for Depreciation = 500000 ......

. Deferred revenue expenditure d....Column 'B' es t Column 'A' oc kt (1) Error of omission (a) Not disclosed by trial balance (2) Suspense ale (b) Disclosed by trial balance (3) Error of principle (c) Rectified by passing journal entries (4) Two sided errors (d) Debit or credit balance (5) Posting on wrong side (e) Accounting rules not followed iib m Answers: (l)-(a)..jaiibcaiibmocktest. (5)-(b) ........c o Ans.. admin@jaiibcaiibmocktest. Loss of goods due to fire for Rs...www.com murugan0501@gmail........ www..... www........... ………………………………………………………………………………………………………………………………………………………………… www....com........................ admin@jaiibcaiibmocktest.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail............ (2)-(d).onlyforbankers.. (4)-(c)........ Revenue expenditure c.. the programming used to control the operations of the control unit .... iib ca a..bankpromotionexams. Match the following pairs: .com.. None of these Ans.........com. Application software is concerned with ...onlyforbankers..... b ......com........... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d.ja Ans ....com.. the programming used to control input unit b....com.... the programming to execute specific functions d... Capital expenditure b....... www..... 09994452442 180 .com.......... None of these ... www.....com....bankpromotionexams..c .jaiibcaiibmocktest........... the programming used to control output unit c....... (3)-(e)..... b .50000 is w w w a..

Debit side of the pass book.. 09994452442 181 . Total Amount on Rs..com. c.. 5856 .com.......... b.com. a .jaiibcaiibmocktest......bankpromotionexams. www..ja iib Simple Interest for 4 years @ 10% = 1600 So..... admin@jaiibcaiibmocktest. 5856 c.c o a. for 1 year @ 10% = 1600/4 = 400 So......... www.a for 4 years w w w A = P(1+r/100)^n = 4000 (1+10/100)^4 = 4000 (1.onlyforbankers. www. ………………………………………………………………………………………………………………………………………………………………… www.. 6585 d..com. www... Rs... 6856 Ans . Rs.......com......b ca Let me Explain : Let us first find the principal Amount ..1600..com.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Under casting of the credit side of Cash Book has the same effect as over casting of the ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. admin@jaiibcaiibmocktest. compound interest on Rs..... 4000 at 10% p...a for 4 years is : Rs.. Rs.a.1)^4 = 4000 (1. There is no relevance between the two d... Rs.4641) = 5856 So.. None of the above es t Ans. the Principal Amount = 400/10*100 = 4000 Now let us calculate... 4000 at 10% p.com murugan0501@gmail. rate of interest and for the same period is.. kt Simple interest on a sum at 10% p.... for 4 years is Rs. 5586 b...www..jaiibcaiibmocktest......onlyforbankers.......bankpromotionexams.com. Credit side of the pass book... iib m oc a...com.... Find the total amount for the compound interest on the same principal.....

14000 and new fixtures of the value of Rs.ja So.6000 d.. 5029 b.com.Rs...6000 and Revenue expenditure . 5092 Now let us calculate..www..2597) = 5039 .a... Capital expenditure .. Find the total amount for the compound interest on the same principal.. Total Amount on Rs..08)^3 = 4000 (1. www... www....com..onlyforbankers.com.Rs.... 20000 were sold off at Rs..960.... compound interest on Rs.... the Principal Amount = 320/8*100 = 4000 kt es t .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Simple interest on a sum at 8 % p. for 3 years is Rs.. 4000 at 8% p. 5039 c..c o a. Ans .com.. Rs. Capital expenditure .....bankpromotionexams. 4000 at 8% p...com. w w w How much is the Capital or/and Revenue Expenditure in "Fixtures of the book value of Rs..com.jaiibcaiibmocktest.b Let me Explain : iib m oc Let us first find the principal Amount Simple Interest for 3 years @ 8% = 960 So....... Rs.a for 3 years iib ca A = P(1+r/100)^n = 4000 (1+8/100)^3 = 4000 (1.10000 and Revenue expenditure .. admin@jaiibcaiibmocktest.....com murugan0501@gmail... 5049 d....... rate of interest and for the same period is.10000 Ans . 10000 were acquired. 5039 ...com. for 1 year @ 8% = 960/3 = 320 So..Rs...16000 b.. Revenue expenditure .....16000 c.Rs...onlyforbankers...... ………………………………………………………………………………………………………………………………………………………………… www...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...... a..jaiibcaiibmocktest.. www.com. Capital expenditure .c .Rs. admin@jaiibcaiibmocktest..Rs..... Rs..a for 3 years is : Rs. www.bankpromotionexams... Rs.. 09994452442 182 .

.......................a .. Rs........ 3. 50.. Any one of the above d. Accounting for investments oc Accounting standard AS 6 deals with ca Ans . 09994452442 183 .. admin@jaiibcaiibmocktest... . www.00.c .. www. b .bankpromotionexams.00.....jaiibcaiibmocktest..........com.000 and received During the current year Rs. Subscription shown in the credit side of income & Expenditure a/c will be es t a..000 kt Ans.000 b.. Depreciation Accounting d...com. is time saving and economical ........000. 4.... Impersonal Accounts c...000 c... w w Both Real Accounts and Nominal Accounts are a.. www.. Rs.....c o m Subscription outstanding of a club during the previous year was Rs.....com.. 50... www.onlyforbankers.. 3...50.bankpromotionexams..com.... Cash Flow statements b.000 d.www....com murugan0501@gmail........jaiibcaiibmocktest.. Valuation of Inventories c. Rs. Double Entry System c..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . None of these Ans – b ………………………………………………………………………………………………………………………………………………………………… www.. Personal Accounts b.......... admin@jaiibcaiibmocktest..onlyforbankers.. iib m a. Both a & b d.50............com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Neither a nor b w Ans .......com.. Single Entry System b. Rs.......com....com..ja iib a. 3.com...

com.. Coupon Rate c....... YTM d.... www...000 b..d .www. w w w What is the Present Value of Rs. TOM b. ca Minimum capital requirement is expressed in terms of...jaiibcaiibmocktest.. www.............. ………………………………………………………………………………………………………………………………………………………………… www.............. Credit Risk b.com....... 100.......com...............000 to be received after 1 year at 10%? a.d .......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....c o a...com murugan0501@gmail...com... Specific Risk c.... 115.... 110.onlyforbankers...onlyforbankers. kt In exchange of currencies deal. Ready c........com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Rate of return earned by an investor who purchases a bond and holds it till maturity is called as Ans .. Intrinsic Value b.. General Market Risk d.........jaiibcaiibmocktest... Forward Ans .. 104... Both b & c ...... Redemption Value iib m oc a................. www. admin@jaiibcaiibmocktest. 121.........bankpromotionexams.b .545 Ans ..500 c.com.. www........com.......com...... 09994452442 184 .c ..bankpromotionexams...000 d. admin@jaiibcaiibmocktest...... "cash" is also called as es t .ja Ans .. iib a..... Spot d....

.... (5)-(b) ....com.... admin@jaiibcaiibmocktest...... contingent loss b......... www. w w Due to heavy flooding a truck carrying consignment goods sinks....com.com murugan0501@gmail.c o a...bankpromotionexams........ www.... kt Match the following pairs: iib m oc Column 'A' .www...onlyforbankers. Paid to bank for dishonour b... (2)-(e).com..jaiibcaiibmocktest...... All of them es t Ans . LIFO b... WACM d... admin@jaiibcaiibmocktest.......... (3)-(d).....jaiibcaiibmocktest.......... Nominal loss c.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m As per accounting standards which of the following is not a preferred method ... w Ans .. www.. Paid to drawer for dishonour c.com.com......... FIFO c...a ......bankpromotionexams..... www.com. Casual loss Ans – c ………………………………………………………………………………………………………………………………………………………………… www.. 09994452442 185 ...Column 'B' (1) Trial balance (a) Difference in trial balance (2) Net trial balance (b) Always shows debit balance (3) Gross trial balance (c) Debit or Credit Balances (4) Suspense a/c (d) Debit and credit totals (5) Real a/c (e) Statement of balances of ledger accounts ca Answers: (l)-(c)........... None of the above.. Paid to notary public for recording dishonour d.... Noting charges are ......com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...ja iib a..c . (4)-(a).... This loss is called a. Abnormal loss d.....onlyforbankers...com.

... Rs. then Assets Rs...www.a...com. for 6 years is Rs.000 b...com.com. admin@jaiibcaiibmocktest. www.... 09994452442 186 .com...000.d Let me Explain : iib ca A = C+L = 120000 + 75000 = 195000 .. iib m oc a... 8521 d. Rs...... kt Capital Rs.. 45.com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Goods lost in transit is . 1. Liabilities Rs.. Rs.. Find the total amount for the compound interest on the same principal.000 Ans .ja Simple interest on a sum at 6% p.. 75.. admin@jaiibcaiibmocktest.onlyforbankers.bankpromotionexams. Rs..com.onlyforbankers...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...jaiibcaiibmocktest. Rs.........000 c. 8581 Ans ....2160.b Let me Explain : Let us first find the principal Amount ………………………………………………………………………………………………………………………………………………………………… www.... . Rs. 1....com.000 d.....com murugan0501@gmail. www.... Rs..com. w w w a..000..... Rs. Abnormal loss c. Nominal loss b.. www....c o a... rate of interest and for the same period is.. 1..20.... Conditional loss es t Ans – a .........20. 8115 b... 75. Casual loss d.. www.....bankpromotionexams......95. 8511 c....jaiibcaiibmocktest...

..com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. for 1 year @ 6% = 2160/6 = 360 So.com.a for 6 years kt es t A = P(1+r/100)^n = 6000 (1+6/100)^6 = 6000 (1.000/-. 90. Value to be taken for Depreciation = 500000 .ja Expected Life = 5 Years Total Depreciation = Cost of the Asset ...c o m Simple Interest for 6 years @ 6% = 2160 So..... ca a.. www..com....com.....000 d. www.com...bankpromotionexams. 6000 at 6% p... iib m An asset cost Rs.... 8511 .com.a for 6 years is : Rs...00.com. Depreciation for 3rd year also will be Rs...Residual Value So...000 b.bankpromotionexams.onlyforbankers.4185) = 8511 oc So...000/..06)^6 = 6000 (1. 1....... Error of principle ………………………………………………………………………………………………………………………………………………………………… www... Error of commission b.jaiibcaiibmocktest. totaling or balancing of an account is a. Rs. 90000/.. 09994452442 187 . and is expected to last 5 years... 6000 at 6% p.. 5.... admin@jaiibcaiibmocktest......a Let me Explain : w w w .com.. 50.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..... the Principal Amount = 360/6*100 = 6000 Now let us calculate. Rs...000 c. 3. admin@jaiibcaiibmocktest. A clerical error committed while posting...www...50000 = 450000 Depreciation per year = 450000/5 = 90000 So. compound interest on Rs.00... Rs..00.. Error of omission c... Calculate the depreciation for 3rd year using Straight-line Method.onlyforbankers..com murugan0501@gmail. Rs..70..... www.has residual value of Rs...000 iib Ans ... 2....jaiibcaiibmocktest. www. Total Amount on Rs..

. (ii) and (iii) Ans . (iii) liabilities = assets + capital a.................jaiibcaiibmocktest.a .....c . Revenue Expenditure c...com murugan0501@gmail.com... 0.. es t a....onlyforbankers.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… Ans ...... www..... Only (ii) and (iii) d..... admin@jaiibcaiibmocktest..bankpromotionexams...c o m d.. None ... www.......com.....www. (i) capital = assets . (ii) assets = capital + liabilities..00 c. admin@jaiibcaiibmocktest....jaiibcaiibmocktest. 0. Only (i) and (ii) ………………………………………………………………………………………………………………………………………………………………… www....... (i).......................liabilities.. (i) Board of Directors..onlyforbankers.....c .... www.com. .. www.. Capital Expenditure b......... Deferred Revenue Expenditure d...826 b...........ja Compliance of accounting standards is not the duty of ....... Compensating error ca a..... Legal expenses incurred in connection with raising debenture loans is kt iib m At 10% p..com...814 iib Ans ........ 0.com.bankpromotionexams.... 1. 09994452442 188 ... (iii) Company secretary w w w a..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....a.... (ii) Auditor... 2 year discount factor is oc Ans ....com....com..com.............909 d.. Only (i) and (ii) b......a .. Only (i) and (iii) c.. Point out the correct accounting equation .

.c . www..... Ledger c.......... 9900 d.... 09994452442 189 ........ iib m Ans . Any one of the above d.. a sum doubles itself in 5 years...... Rs...... (ii) and (iii) Ans .com. Only (i) and (iii) c.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ........ Rs... 9000 b.... Rs.com.. Journal.... 9600 c. ………………………………………………………………………………………………………………………………………………………………… www..com... None of these Mr...................... admin@jaiibcaiibmocktest..... www.a ...a.bankpromotionexams.jaiibcaiibmocktest.com.....com murugan0501@gmail.www.. (i).onlyforbankers..... Rs...onlyforbankers....bankpromotionexams....com..... oc kt a................. for 3 years.... Raj at the rate of 11% p.. iib ca a...... es t Transaction are first recorded in the ..jaiibcaiibmocktest..... www. 10200 .com........ 15 Years c.. 20 Years d. 25 Years Ans – b .... Journal b.ja Ans ..... 30000 from Mr.. It will be four times of Itself in …… a......com...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... Only (ii) and (iii) d.. and then they are posted to the .... www...com..c o m b. admin@jaiibcaiibmocktest.................. Ledger. 10 Years b.....b . Total amount of interest payable is ... Ravi borrowed a sum of Rs...... w w w At a certain rate of simple interest...

....b .600 d... 42........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...onlyforbankers... What is his principal amount? Ans ......com..d .... Rs......com.. 240.com. Revenue expenditure c....onlyforbankers. www...ja iib a. w w Legal expenses incurred in connection with raising of debenture loans is ..com murugan0501@gmail....... Revenue expenditure c.. 44..... admin@jaiibcaiibmocktest... es t .. www..com......jaiibcaiibmocktest.. 09994452442 190 .....bankpromotionexams.c ..... Revenue expenditure c.......com........... ca The overhauling expenses of machines is.... Rs... a... oc iib m a....5%... Deferred revenue expenditure d....... www.. Capital expenditure b.. None of the above w Ans ...... Deferred revenue expenditure d.jaiibcaiibmocktest.600 c. 48. Rs....800 b.. None of the above Ans ..b ... .... 41...c o a....... Capital expenditure b.000 Ans . admin@jaiibcaiibmocktest... a money-lender's yearly income from interest falls by Rs.com.................... Capital expenditure b..bankpromotionexams.....com.........www....... None of the above kt The removal of stock from old works to new site is... Deferred revenue expenditure d.......com.. ………………………………………………………………………………………………………………………………………………………………… www..... Rs.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Due to a fall in the rate of interest from 11% to 10... www.

. software programme c.com.....onlyforbankers. Programme b..com murugan0501@gmail....c o a.. Permission d........com... Retirement Ans ............b ................www.com......... Hardware Programme Ans ...jaiibcaiibmocktest.. kt Ans ...... Retirement ca .com.. www. www.. www.. Permission d.. Computer programmed ..com. Admission b.. Submission c...... .. Submission c.software programme d... es t ..... w w The set of instructions written by a programmer for a computer is called ....... Computerised accounting c.. of a partner means that a partner breaks off his relations with all other partners and withdraws himself from the firm.....onlyforbankers........... admin@jaiibcaiibmocktest... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m . iib m a.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. www........com.... admin@jaiibcaiibmocktest........... Manual accounting d. None of the above oc .com... 09994452442 191 ..bankpromotionexams. w Ans – a ..........d ........... ………………………………………………………………………………………………………………………………………………………………… www........ Accounting b......ja iib a.... Admission b.com...........c ..... of a partner means joining of a new person into an existing partnership as a partner.......... a.......bankpromotionexams.. means accounting performed by a computer.jaiibcaiibmocktest..

.. is the value attached to the super profit earning capacity of business arising from its wide connections....c o a..ja iib a...a .com.. Liabilities c....com murugan0501@gmail.......com......... www.. www..........c .......com....com...d .... Liquidity Ans ..... Computer virus d...... Purchase c. Sales b....... admin@jaiibcaiibmocktest..... of data is required to guard against loss of data. Software virus b... order... None of the above w Ans ..bankpromotionexams.....com. Hardware virus c. iib m oc a...... 09994452442 192 .....bankpromotionexams..... kt Regular ...onlyforbankers....... All of the above Ans ..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m ......jaiibcaiibmocktest....jaiibcaiibmocktest....... Losses d.. www.......onlyforbankers.com...... Up dating d... various items of assets are arranged according to . Function c. www................. Goodwill b. reputation and long standing in the business...com.. es t .. admin@jaiibcaiibmocktest...... back up b...... w w In the balance sheet... destroys computer data..www. Control Ans ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. ...... a... ………………………………………………………………………………………………………………………………………………………………… www...... ca ....a ......com........ Stock d....

Third d. Both a & b d.. Original b..................com...com.. Relationship c.jaiibcaiibmocktest............bankpromotionexams........ None of the above Ans .. es t ..... .........ja iib a.. Ans ........ www.. liability of each partner is .com.jaiibcaiibmocktest.... Duplicate c. Overhead d.... between two or more persons....a .. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The .............. www........ kt Ans .com...... ca In the Partnership firms.onlyforbankers...www... www. a..... www.......b .. Unlimited c....com....com.com.onlyforbankers.. admin@jaiibcaiibmocktest.. Maximum w Ans . Artificial d.... Limited b...... None of the above oc Partnership is a .bankpromotionexams................ person..... admin@jaiibcaiibmocktest......c ...... Fourth iib m a............. form of Balance Sheet and Profit and Loss account of a banking company is prescribed in Forms A and B of schedule of the Banking Regulation Act...... First b.c .com......... Second c... 09994452442 193 ........ Friendship b..com murugan0501@gmail.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 1949..c o a... ………………………………………………………………………………………………………………………………………………………………… www.. w w A limited company is a/an ..

... a..... www...ja iib a....com..jaiibcaiibmocktest. Rs...........b ...jaiibcaiibmocktest...000 c. Preference c....28 in 3 years at Compound interest....www... Succession d.........916 in 2 years and to Rs.........com.. 09994452442 194 .000 w Ans ..com. www. Rs. seal d..c .......bankpromotionexams...com murugan0501@gmail...... es t ....onlyforbankers... Registered seal b...c . admin@jaiibcaiibmocktest.com.500 b. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A company has a perpetual .. Profits b................ www...........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Rs... 3..... 3.. 2. admin@jaiibcaiibmocktest.bankpromotionexams..500 d............. 2........ is affixed on all important documents and contracts of a company...... The sum is. w w The ....com. All the above iib m oc a.....com..... Rs.....149. 1..... ca A sum amounts to Rs..... Common Seal c.... .. Govt.................. Equity b.c o a.... Losses c...... Ans .. All the above Ans .com........ ………………………………………………………………………………………………………………………………………………………………… www.com.onlyforbankers. www.. kt Share of a limited company can be classified into . Equity and Preference d. None of the above Ans – c ... 2.

...jaiibcaiibmocktest..c o a.... Rs 800 b.. what will be the interest on drawing @ 15%: a......onlyforbankers.onlyforbankers. capital..... capital is the amount with which Company is formed.com...com.....m in beginning of every month.jaiibcaiibmocktest............ Preference Shareholders d.................. Rs 900 c... Any of the above Ans . admin@jaiibcaiibmocktest.. 09994452442 195 ..com.......com.. ………………………………………………………………………………………………………………………………………………………………… www......... Authorised b........... es t .. Equity Shareholders c............... All of the above ......... www...000 p..... Rs 975 d......... Subscribed c. Both a & b d..... Authorised b... www....b .....a .. Subscribed c...... Shareholders b.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m ... www..com..com murugan0501@gmail.. ca Paid-up Capital means amount of capital actually paid by ..........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. All the above iib m oc a.ja Ans ... iib a..b ..bankpromotionexams.... Ans ... Preference d...com..... admin@jaiibcaiibmocktest.................com. w w w If a partner draw amount of Rs 1...bankpromotionexams.... kt Capital subscribed by the public is called .com.www. Rs 825 Ans .a ... www.

........ 4.......... A firm purchased a machine for Rs..000 in its erection.... iib m a..bankpromotionexams. under straight line method? Accounts are closed on 31st December each year. its scrap value being Rs.. 82. Rs.com.com..c ...40... Rs.000 c.....b .. a. 09994452442 196 . Subsidiary books c.. Journal d. 10.com.com..000 d.. Mr.. www. www... 54.. it is estimated the useful life of the truck is 4 years..... Rs.onlyforbankers....com.... Its estimated effective life is 5 years at the end of which it will have a scrap value of Rs...ja a.... Cash book b........... 8.....com.. es t a..225 b....com.450 d.000 and spent Rs..000 on 1st April 2004.. The amount of depreciation expense in year 2 by using the declining balance at twice the straight line rate is.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... The estimated effective life of the plant is 10 years.. 60000 ………………………………………………………………………………………………………………………………………………………………… www.bankpromotionexams. admin@jaiibcaiibmocktest.jaiibcaiibmocktest.400 kt Ans .. www. What will be the depreciation value at the end of the 3rd year.. 61. 2.. w w w ...000 b. 1.00..900 with a residual value of 500...onlyforbankers........200 c..www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ....c o m A truck cost 8.. Rs......000. X purchased a plant costing Rs.... 4...com....com murugan0501@gmail..c .000 Ans . 5.jaiibcaiibmocktest. 8....... 56.... Rs. 58. www.000. Ledger oc Trade discount is shown in: ca Ans .... admin@jaiibcaiibmocktest. What will be the amount of depreciation each year if charged under straight line method... iib On 1st January 2002......

. 72.1........ Find the Current Ratio...000 b. 7500 at 4% per annum for 2 years....com murugan0501@gmail. Rs.. Rs.....600 d..000..b . 20.5:1 d..50. 66.. 09994452442 197 .....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 80. ca Find compound interest on Rs....50.5 b. Debtors .. kt es t On 1st January 2002.....jaiibcaiibmocktest. 56..000 and spends Rs. 1. 1:1.3..00......000...com.ja Ans ...c o m b.00. Rs 612 ..000...000 c.D . 65.... w w w Cash ..com.......com. compounded annually iib A.. a firm purchased machinery worth Rs....1... www..com... Rs.. Rs 412 C.....com..500 c....500 Ans ..bankpromotionexams.. admin@jaiibcaiibmocktest.. Rs. a..00. Rs..00.onlyforbankers. 1:3 c..000..com... Total Current Assets ..... www. What will be written down value at the end of 5th year? iib m oc a...d ………………………………………………………………………………………………………………………………………………………………… www.com.000 and spends Rs.www. www.. it buys additional machinery worth Rs. 3:1 Ans ... Inventories . Current Liabilities .b ..jaiibcaiibmocktest. Rs...000 d... 2.com.000 Ans .. Annual depreciation is 10% on straight line method. 1 lakh... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..... Rs 512 D.000 on its erection.onlyforbankers. www..........bankpromotionexams.. 1.. 2.000. Rs...... 66......... and on 1st July 2004. Rs 312 B.... admin@jaiibcaiibmocktest.1.

.. (ii) Subjectivity.. www....... admin@jaiibcaiibmocktest.com. 09994452442 198 . (ii) and (iii) Under the money measurement concept the following will not be recorded in the books of account of the business ...com.00...com.. oc kt a...... (iii) Bad health of managing director iib ca a.... Rs 2521 C....... es t Accounting principles are generally not based on ..000 = 3 : 1 The ideal Current Ratio preferred by Banks is 1....... (i) Imagination... (i). 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Explanation : ... www........ compounded quarterly A.16....c . www.www. Rs 2520 B.com murugan0501@gmail.jaiibcaiibmocktest. (i).000/1.com. Only (i) and (iii) c. (i) Value of furniture....com.........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com............ w w w Find the compound interest on Rs..onlyforbankers.. admin@jaiibcaiibmocktest.ja Ans .. Only (ii) and (iii) d..00......000 at 20% per annum for 9 months.... (ii) and (iii) . (iii) Practicability iib m Ans .......c o 3. Rs 2522 D...........onlyforbankers..... www. Rs 2523 Ans ...... (ii) Quality of company goods.com..bankpromotionexams............33 : 1 .C Explanation: ………………………………………………………………………………………………………………………………………………………………… www...bankpromotionexams. Only (i) and (ii) b.. Only (ii) and (iii) d........ Only (i) and (ii) b......a ...... Only (i) and (iii) c.com..jaiibcaiibmocktest.

. Schedule VI c........... admin@jaiibcaiibmocktest....... Rate = 20%....... www.. ca a...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.jaiibcaiibmocktest.......... www.... Schedule V b.jaiibcaiibmocktest...... Merchant bank is one that normally doesn't deal in .....com.. it will be 20/4 = 5% oc Amount=16000(1+5100)3 =18522 C..I=18522-16000 =2522 ...... quarterly then we apply following formula if n is the number of years Amount=P(1+R4100)4n es t Principal = Rs...16..I...... International finance b..... a....c . 09994452442 ………………………………………………………………………………………………………………………………………………………………… .b .... Both a and b iib m Final accounts of a limited company consist of ......com...com.... www....com....com murugan0501@gmail.......... .... admin@jaiibcaiibmocktest.c o m Please remember... Time=9 months = 3 quarters.......... www. when we have to calculate C.000... kt So lets solve this question now.... Schedule VII d.... of the companies Act prescribes the form of balance sheet............. w w w a..www...onlyforbankers...com.com... Retail Products ………………………………………………………………………………………………………………………………………………………………… www..com.bankpromotionexams. Trading account d..com.. iib Ans .onlyforbankers..ja ..bankpromotionexams.. Profit and Loss account c. 09994452442 199 ... Balance Sheet b. Schedule VIII Ans ..

..com. Long-term loans for companies d...com.com........... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c...... kt a... Only Credit entries c. www.......onlyforbankers... Underwriting . oc Ans . 09994452442 200 ..jaiibcaiibmocktest.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.c .. Bills re-discounting Ans – c .... . admin@jaiibcaiibmocktest....c o Ans ... Driving License c...onlyforbankers. a.. www. FIU-Ind comes under the department of ..... Any of the above iib Ans .. Commerce...com...... Only Debit entries b...... Ration Card d....bankpromotionexams...ja Accounting for which of the following is normally not carried out at Head Offices? w w w a.. es t Which of the following can't be taken as Proof of Identity? iib m Composite vouchers normally contain ..... Voter ID b.....bankpromotionexams........... www...com..... admin@jaiibcaiibmocktest. Ministry of Finance b......www...... Both Debit and Credit entries d..... Aadhaar Card ca a. Ministry of Finance ………………………………………………………………………………………………………………………………………………………………… www...... Funds Management b..... www.. Investments c....c ..b ...........com.............jaiibcaiibmocktest... Banking..com........com...... CASA d............com murugan0501@gmail......................

...c o Ans .. admin@jaiibcaiibmocktest... 09994452442 201 ...... Ministry of Finance d.... what will the bond sell for? In perpetual bonds iib m Ans .....com... and the yield to maturity is 7... es t ABC Company just issued a bond with a Rs.... Credit in Nominal Account d.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...... Intelligence.... 1..com.. ………………………………………………………………………………………………………………………………………………………………… www..com murugan0501@gmail..bankpromotionexams.......onlyforbankers.......... All the above ......... 975 c..com....ja Ans .b . pays annual coupons. w w w Value of the asset is increased or the business has acquired more of that asset.com.....051 iib ca a. Revenue.... Debit in Nominal Account Ans ..bankpromotionexams. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c..onlyforbankers.. 1..... If the bond has a life of 20 years...020 d.........b . Rs......... 1.. Rs..www.000 face value and a coupon rate of 8%.com.. Rs.... a.com.. Interest and maturity value is paid in advance d.. www... Rs.... Ministry of Finance ..5%. 951 b. admin@jaiibcaiibmocktest.. www........b .....com........c .... Credit in Real Account b...... www.jaiibcaiibmocktest....com... Debit in Real Account c.......jaiibcaiibmocktest............. Interest is paid even beyond maturity period b.... www. oc kt a...... Only interest is paid and has no maturity value c.......... then there is a .......

. 1... 80... ca The minimum subscription is to be received in: ..ja iib a..... 1:1 b........000 and owner's equity is Rs...jaiibcaiibmocktest....com.... admin@jaiibcaiibmocktest.......com murugan0501@gmail..........d . Real account b. 120 days c.... 09994452442 202 . www. 50 days w Ans .. Intangible account es t Ans ..b .com..000 c... 80.. 70.......com.. kt Liabilities in a company are of Rs...000 d....000. 1:4 c.bankpromotionexams........ admin@jaiibcaiibmocktest..onlyforbankers..........c .................c o a.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.......000 b... www... 0:4 d. Gaining ratio is .. www... Nominal account d........com. ………………………………………………………………………………………………………………………………………………………………… www.... Rs...... S share profits in 5:3:2. w w R.. N..... Rs.50.... If N retire then new ratio of R and S is 2:3..www.b .....com... Rs..... Rs....... www..com..onlyforbankers... 10.. 45 days b... What is the amount of total equity? iib m oc a......000 Ans .......com..com.jaiibcaiibmocktest.......... 130 days d......bankpromotionexams. 4:0 Ans .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Commission received in advance is of the nature of . Personal account c. 70.. : a.

. 117. for 3 years = Rs....onlyforbankers. The sum is: ..b ..117) = Rs... The partners b.... Rs... 39... www.d . 30..ja A.. ………………………………………………………………………………………………………………………………………………………………… www. 700 w Ans .. www.000 is: es t a...... 815 in 3 years and to Rs.... Rs 50.www..com... iib A sum of money at simple interest amounts to Rs...... 15.....com murugan0501@gmail. The firm d. 698. for 1 year = Rs.. iib m a. 09994452442 203 .. All the managers c. (815 . . www. 690 C.... 40...000...com.. 698 D......000 d. 854 in 4 years. Rs... 10.com.....I.com......bankpromotionexams. Principal = Rs. 45......I.. The firm and all the partners oc Partnership is a form of business organisation in which business debts can be recovered from: ca Ans .... Rs. Rs.......... Rs.(39 x 3) = Rs...C w w Explanation: S......c o m Goodwill on two years purchase of the average profit of last three years profits of 20... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .....com..jaiibcaiibmocktest... Rs....jaiibcaiibmocktest....com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..onlyforbankers.000 c. admin@jaiibcaiibmocktest....bankpromotionexams... (854 ...000... Rs... www..000 kt Ans .000 b..... S.....815) = Rs....com..com. admin@jaiibcaiibmocktest... 650 B..

Rs....jaiibcaiibmocktest... www... admin@jaiibcaiibmocktest. Rs.a ..D kt Explanation: iib m Which of following is contingent liability? oc We need to know the S.. 35 B. 350 D... All above iib Ans ... ca a..... Had the interest been 2% more. Incomplete recording of amount ………………………………………………………………………………………………………………………………………………………………… www.bankpromotionexams...com..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Cannot be determined Ans .. Credit balance c..... Either debit or credit balance d. admin@jaiibcaiibmocktest...com murugan0501@gmail... Since the principal is not given..com.bankpromotionexams.... 09994452442 204 ......... Rs.......... Error of principle are committed due to: a..com...com.... www. None Ans .......ja Purchase a/c always have a: w w w a..com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A certain amount earns simple interest of Rs. 1750 after 7 years.jaiibcaiibmocktest..I... how much more interest would it have earned? es t . Claim against company not acknowledged as debt b..onlyforbankers..................... 245 C. Unpaid liability of shares c. so data is inadequate.. www.................. www...com....... ....onlyforbankers..... . Debit balance b....com.www...d .. Arrear of fixed cumulative dividend d.. Incomplete knowledge of capital & revenue expenditure b..com..c o A.. principal and time to find the rate....

...... www....25 d........onlyforbankers..... 1. Rs.200 b....... 1. Nominal a/c d.....com... Had the interest been 2% more.. 1. how much more interest would it have earned? w w w A..com. Rs.. 09994452442 205 ...... Both a & b ca Insurance unexpired is a: iib m Ans .. so data is inadequate.....com..... 35 B.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....300 iib Ans ....I..onlyforbankers.d Explanation: We need to know the S.... ………………………………………………………………………………………………………………………………………………………………… www............jaiibcaiibmocktest...bankpromotionexams.278 c... Personal a/c b.5% Find the amount at the end of one year.....a ..... Rs. Incorrect balancing of ledger a/c's d.ja A certain amount earns simple interest of Rs......c .....c o Ans .... ...... oc kt a.. Rs...bankpromotionexams.www.....a ..... es t A person deposits Rs. ..... 100 per month in a Recurring Deposit account carrying Simple interest @ 6. Cannot be determined Ans ...jaiibcaiibmocktest....... principal and time to find the rate.... Wrong posting in ledger ... Rs.com. Rs.com..... Rs...242. a.... www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c...com murugan0501@gmail..... 245 C... admin@jaiibcaiibmocktest.. 1750 after 7 years...com................ www..com...com. Real a/c c....... www.... Since the principal is not given. admin@jaiibcaiibmocktest. 350 D... 1.

www.com.. 09994452442 206 ..ja Find the simple interest on the Rs.I. kt Find the simple interest on Rs 7000 at 50/3 % for 9 months iib m oc a.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..d .. Rs. admin@jaiibcaiibmocktest....onlyforbankers.a Explanation: One thing which is tricky in this question is to calculate the number of days... 2000 at 25/4% per annum for the period from 4th Feb 2013 to 18th April 2013 w w w a... Rs 40 Ans .. 875 d..jaiibcaiibmocktest.c iib ca Explanation: S....bankpromotionexams. by putting the values in the above formula.... 775 Ans ...com.com. admin@jaiibcaiibmocktest. www. we get S..jaiibcaiibmocktest. Rs 30 c...... ………………………………………………………………………………………………………………………………………………………………… www........ Good-will c.onlyforbankers. Rs.www....... www.. 1075 b.com.com..com..c o a..I....com...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Depletion is used in relation to: ... www.......com.....bankpromotionexams. .com murugan0501@gmail. Rs.. Mines es t Ans ....... Rs 25 b. Rs 35 d..... Rs. = P×R×T100 So.... Stock in trade d.. 975 c... Plant and Machinery b..... = 7000×50/3*9/12/100 =875 [Please note that we have divided by 12 as we converted 9 months in a year format] ....

es t Time = (24+31+18) days = 73/365 years = 1/5 years iib m Accounting standard AS 13 deals with oc S........com......com.09 Effective rate = (106.www.com murugan0501@gmail....bankpromotionexams. Rate = 6/2 = 3% Amount=100(1+3100)2=106.......onlyforbankers...12% D..10% C.com.A Explanation: Let the amount Rs 100 for 1 year when compounded half yearly.. Accounting for investments iib Ans ... = 2000*25/4/5/100 = 25 ... www.....com......... n = 2... Valuation of Inventories c..14% Ans .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.......I. 6.... .. 6....ja Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will be w w w A..... www.......com.. Depreciation Accounting d. admin@jaiibcaiibmocktest..... 6........ So let’s calculate the number of days now.....bankpromotionexams.c o m Always remember that the day on which money is deposited is not counted while the day on which money is withdrawn is counted......com. kt P = 2000 R = 25/4% ca a.09% B.........jaiibcaiibmocktest.... www...com.d . www.......com......... admin@jaiibcaiibmocktest.. 09994452442 207 .100)% = 6. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ... Cash Flow statements b...jaiibcaiibmocktest.. 6..onlyforbankers..09% .... ………………………………………………………………………………………………………………………………………………………………… www.......09 .

.... kt A sum of money invested at compound interest to Rs... www..com..500 c.onlyforbankers.onlyforbankers... es t Ans ..... 09994452442 208 . b.bankpromotionexams. ..a...... 20..... The rate on interest per annum is.... 4.com.. www....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail........c .... Rupees...I.. admin@jaiibcaiibmocktest. Any foreign currency.B iib ca Explanation: S.... 3... Interest payable to him at 5% p.500 Ans – d .. 5. Cheques issued by the customers ………………………………………………………………………………………………………………………………………………………………… www....000 and his share in the profits Rs..com. 4% B...jaiibcaiibmocktest...000. c.... admin@jaiibcaiibmocktest.... Us Dollars. www.... would be w w w a.bankpromotionexams...... 7% Ans ....... Rs.000 after adjusting for drawings Rs.000 d.. Rs....www...... Which of the following is not an example for debit voucher? a.. d... www....... on the opening capital balance. 5. 6% D.. RS...com..com. iib m oc A........com murugan0501@gmail.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The marine insurance policy should be expressed in ....... 10.com..500 b.com.. 1... 5% C.com.. on Rs 800 for 1 year = 40 Rate = (100*40)/(800*1) = 5% ..... RS..00. Same currency which the LC is drawn..c o a.ja A partner's capital balance at the end of the year is Rs.jaiibcaiibmocktest... 800 in 3 years and to Rs 840 in 4 years....

Management of investment portfolio b...jaiibcaiibmocktest. sacrificing ratio d. 1763737 Ans . 09994452442 ………………………………………………………………………………………………………………………………………………………………… ... w w w You will be receiving Rs. containing standing instructions d..d ............ admin@jaiibcaiibmocktest. 09994452442 209 .bankpromotionexams.. es t If goodwill is raised at full value in the books of the firm on retirement of a partner..com murugan0501@gmail....... old Profit sharing ratio b.com. we use the formula of EMI ………………………………………………………………………………………………………………………………………………………………… www.onlyforbankers.ja Ans .. 1376767 b. So..www..... www. Internal Audit c..com...com.....b Solution: Since 204000 is like EMI. Compliance Functions d........bankpromotionexams. new profit sharing ratio c......com. www..b .... All the above .jaiibcaiibmocktest....... TD. and is to be written off completely.... www.......com. Application for issue of DD. oc kt a.com..........com.com... admin@jaiibcaiibmocktest......... to find P..onlyforbankers............. 1637676 d.com - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... Letters of authority signed by the customers.. Withdrawal forms c.. a.c o b..... gaining ratio Which activities should not be outsourced? iib ca a.. www.. 204000 at the end of each year for the next 20 years..... then the capital accounts of the remaining partners will be debited in- iib m Ans . If the current discount rate for such a stream of cash is 10%...... RTGS/NEFT m Facebook Groups Ans . 1736767 c.....d ....... find the present value of cash flow..

.....com JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. (i).....1^20 – 1) 204000 = P × 0....com.onlyforbankers....... w w Under Fluctuating Capital Method.......jaiibcaiibmocktest.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .. Partner's Current A/c c. Only (i) and (ii) b.. ca Long term liabilities of the organisation are. 12000 b... 30000....1 × 1.com..com.com.. Partner's Capital A/c b. (i) Capital and reserves... a...... www..bankpromotionexams.1^20 ÷ (1.....com....com.Rs............Rs.. admin@jaiibcaiibmocktest. iib m oc a...onlyforbankers..... Find Operating expenses. www. (ii) Term Loans from institutions........ www.. . Any one of the two Ans . for each partner....c o Facebook Groups kt Sales .... Gross profit . Both a & b d...a .. 42000 d.....com... 18000 c........ Only (ii) and (iii) d. (iii) Long term unsecured loans .com murugan0501@gmail..1174596 P = 1736767 Ans This can be done with PV (OA) Present Value Ordinary Annuity too..........bankpromotionexams..... 90000.. m - ..1 } -------------------------------------------------204000 = P × 0..ja iib a..com.. 60000 Ans ..... the following account/s is/are maintained. 09994452442 210 .... 18000...... Only (i) and (iii) c.... admin@jaiibcaiibmocktest.....jaiibcaiibmocktest...www..... www..... Net Profit .......Rs..... (ii) and (iii) w Ans – d .. ………………………………………………………………………………………………………………………………………………………………… www...........a ..............

....1 } -------------------------------------------------………………………………………………………………………………………………………………………………………………………………… www........ admin@jaiibcaiibmocktest.com..jaiibcaiibmocktest.. 3000 d..com...onlyforbankers.. 80000.... 5 lac and capital and reserves Rs. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A firm sells 4000 units and earns profit of Rs..... www.c . 1. 10 lac... None of the above oc kt In a Balance Sheet amount of total assets is Rs.. The ROI charged is 20% annually. 34438 iib A loan of Rs... www.....5:1 c..com....com. ca Ans .. 100000 T = 5 years R = 20% p. = 0...2% The formula of EMI = -------------------------------------------------P * R * (1 + R)^T ÷ { (1 + R)^T .... www.... www....bankpromotionexams.... 1 lac is paid back in 5 equal annual installments. 2 lac..com.com...com. 33348 b..a.... 09994452442 211 .b Solution: P = Rs....jaiibcaiibmocktest. Find the amount of each loan? w w w Ans .b . current liabilities Rs.. iib m a. 33438 c. 2500 c. 2:1 d... What is the funded debt equity ratio.ja a.bankpromotionexams. 3500 Ans .. If fixed cost is Rs.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...... 1:1 b.c o a.. 34348 d. of units? es t ..www........ 60000. what is the break even no.... admin@jaiibcaiibmocktest..... 2000 b.com murugan0501@gmail..com... ...onlyforbankers..

. 40000. 3 lac c..bankpromotionexams.. Present Value Ordinary Annuity formula as shown in the formula kt es t in pic comment 100000 = P × (1. 120000 c..... admin@jaiibcaiibmocktest..www..... admin@jaiibcaiibmocktest.. Rs..... 09994452442 212 .com.Rs.2^5– 1) ÷ (0........ 265000 d.....onlyforbankers.jaiibcaiibmocktest..Rs.com....com. Net Profit .. 250000.. EMI = 100000 × 0.. 130000 ………………………………………………………………………………………………………………………………………………………………… www..Rs. iib Merchandise costs .. 5 lac b....com..5:1 and owned funds Rs.jaiibcaiibmocktest....bankpromotionexams............com.. www.... 12 lac d. Rs.... Rs....2 ×1.. Rs...... www..ja a... 15000. 20 with fixed cost of Rs. Rs... 23000..... 273000 w w Ans ... What is the total variable cost of BEP? a..9906 P = 33438 Ans .. 235000 c.. iib m a.. 3 lac.. What is amount of current assets? ca Ans ....... w ... 80000 b.c o m So... Find the amount of sales.. 90 and contribution Rs. Current Rtio is 1....c . None of the above oc Funded Debt equity ratio is 3:1 and the amount of total assets Rs..com.. www. Rs... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ... www...onlyforbankers...com..2^5) 100000 = P × 2.d ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com murugan0501@gmail.com... 227000 b......2^5– 1) = 33438 Ans We can also solve using PV (OA).. 20 lac.2 × 1.... Gross Profit ..2^5 ÷ (1.. The selling price of a product is Rs....

c o Ans .. es t The fixed assets are those which.... (i)............ X is to invest Rs...com.. Only (i) and (iii) c. admin@jaiibcaiibmocktest..onlyforbankers. admin@jaiibcaiibmocktest.jaiibcaiibmocktest. Only (ii) and (iii) d..jaiibcaiibmocktest.com.... (iii) cannot be converted into cash easily oc Ans .. Only (i) and (ii) b. (i).... Rs... www....com. ...bankpromotionexams.com murugan0501@gmail. www........ 552563 d. www.. ………………………………………………………………………………………………………………………………………………………………… www.com. (ii) In Fixed Assets.c Solution: P = 1000000 R = 5% p..... Only (i) and (ii) b....a......com............ (ii) and (iii) iib m Long term liabilities should not be invested only in.......... (i) In Current Assets..com.. (ii) and (iii) Ans ..onlyforbankers. Only (i) and (iii) c........ (iii) Partly in Current Assets and fixed assets iib ca a..d . 525263 c. 140000 .. 09994452442 213 ........ (ii) are not generally sold. 555263 Ans .....a .....www.......com.. 100000 by end of each year for 5 years @ 5% ROI. How much amount he will receive at the end of 5 years? w w w a..... kt a......ja Mr. 522563 b..bankpromotionexams.. www........com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..d ... (i) are used indirectly for the business..... Only (ii) and (iii) d.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d.......

..com........... For a real property developer.bankpromotionexams.05) * {{1+0......jaiibcaiibmocktest. (ii) and (iii) Ans .com.... 09994452442 214 ..onlyforbankers...www.......... www....... es t Ordinary Annuity) is applied.onlyforbankers.com..... FVOA (Future Value of kt oc The formula of FVOA = -------------------------------------------------FVOA = (C ÷ R) x { (1 + R)^T . (ii) Working Capital raised from the bank and term loan instalment payable within one year.. iib m Current liabilities are those which are to be paid.. www...1 } -------------------------------------------------So.....b .. Only (i) and (ii) b......05}^5 – 1} = 552563 Ans . Only (ii) and (iii) d. (iii) Provisions w w w a.....bankpromotionexams... None of the above iib Ans ... www..com murugan0501@gmail....com..com.... Only (i) and (iii) c.com. within 2 years of the Balance Sheet b.....ja Which of the following are current liabilities for the purpose of current ratio? (i) Sundry Creditors and expenses payable.com..... admin@jaiibcaiibmocktest. (i).......c o m T=5Y This ques asks the FUTURE VALUE OF INVESTMENT AT THE END OF PERIOD...d ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. admin@jaiibcaiibmocktest............... within 1 year from the Balance Sheet date c.. so...jaiibcaiibmocktest.. ca a................ (ii) A current assets a.. a plot of land is..... Only (i) ………………………………………………………………………………………………………………………………………………………………… www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… . within one month from the date they arise d........ . www.. FVOA = (100000÷0..com..... (i) A fixed assets..

...com........jaiibcaiibmocktest. X is to invest Rs. www...... Both (i) and (ii) Ans ..com..05) = 552563 × 1... www.bankpromotionexams....bankpromotionexams.........1 } x (1 + R) -----------------------------------------------------------So. Only (ii) c.. admin@jaiibcaiibmocktest.d ..05}^5 – 1} x (1 + 0...........com murugan0501@gmail..ja iib ca Solution: P = 1000000.com..com... www. 508191 b............ (i).jaiibcaiibmocktest..com.a.. es t Mr..c o m b..... admin@jaiibcaiibmocktest..... w w w For opening Bank Accounts. Only (i) and (iii) c..... How much he would have at the end of the 5-year period? oc kt a...onlyforbankers... FVAD (Future Value of Annuity Due) is applied.......www....... 508911 c.. 580911 iib m Ans . T = 5 Y This question asks the FUTURE VALUE OF INVESTMENT AT THE BEGINNING OF PERIOD.05) x {{1+0...05 = 580191 Ans ..com.. (i) banks. The formula of FVAD = -----------------------------------------------------------FVAD = (C ÷ R) x { (1 + R)^T ....b .. .. will be exempted from the requirement of photographs. R = 5% p... Only (i) and (ii) b.......onlyforbankers.. FVAD = (100000÷0.. www...... 09994452442 215 ......com... Only (ii) and (iii) d.... 100000 every year for the next 5 years (at the beginning of the period) @ 5%... 580191 d...c .... (ii) Local Authorities... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .com.. (iii) Government Departments a. (ii) and (iii) Ans .. ………………………………………………………………………………………………………………………………………………………………… www..... Either (i) or (ii) d. so.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.

........bankpromotionexams... None Ans – a ………………………………………………………………………………………………………………………………………………………………… www.... iib m a...... admin@jaiibcaiibmocktest.. www..com..com murugan0501@gmail......... Only (ii) c...ja iib a..c . 12 working days from the date of receipt of customer complaint c... Neither (i) nor (ii) Ans ......... 12 working days from the date of transaction b. Only (ii) c....jaiibcaiibmocktest. 09994452442 216 ......... Neither (i) nor (ii) oc kt Cheques can bear date in ..... The time limit for resolution of ATM customer complaints by the issuing banks is ...com... www..c o a... www..... ... admin@jaiibcaiibmocktest.a .com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Banks may not insist on photographs in case of accounts of .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.com. Purchase c.... Only (i) b.www... Only (i) b.......jaiibcaiibmocktest.d .............. www..... w w Cash discount is allowed at time of: a.com. 7 working days from the date of transaction d. (ii) Pardanishin women es t ...... (i) Staff members. Either (i) or (ii) d... 7 working days from the date of receipt of customer complaint w Ans ... (ii) Gregorian Calendar ca Ans .com.......bankpromotionexams..... Payment b...onlyforbankers..com.....com.. Either (i) or (ii) d................... Sale d...onlyforbankers. (i) Hindi as per the National Calendar (Saka Samvat)....

.. 8......com.... admin@jaiibcaiibmocktest. Discount Paid c.. Discount.. a.. Cash deposited in bank c.. 10.c o a....com... 1....com... 2. Cash..... then the period becomes .. Cash withdrawn from office b.jaiibcaiibmocktest..... Bank....onlyforbankers.. www. oc iib m a. is .... The amount to be credited to Consignment a/c being abnormal loss........ 12...... double c.000 Ans – c ………………………………………………………………………………………………………………………………………………………………… www... Discount Received...b ..... www..com.onlyforbankers...b .. Cheque withdrawn for domestic use d..a ...com.000 d....ja Ans . www.... Rs......000 c... Rs..000 is received from the insurance company in full settlement.. Rs..000 b..bankpromotionexams.com... www. half b.... one fourth d...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which of following is contra entry? Ans .............. 8. 10 watches are lost in transit and an amount of Rs........www... w w w Shradha sends 100 watches to Shubhra at an invoice price of Rs... Bank b. iib a.bankpromotionexams. 09994452442 217 .. ca When compound interest is calculated half yearly. Goods withdrawn Ans . Cash.200 which is cost + 20%..... es t . Bank d. Cash. Rs....jaiibcaiibmocktest.... None of these kt The columns available in a three columnar cash book are.com. one tenth .com murugan0501@gmail. admin@jaiibcaiibmocktest.com.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.........

.c o m The Income & Expenditure a/c of a club shows subscriptions of Rs... www.. Any professional concern having professional income exceeding Rs 10 lacs in a year d... 42. 1800 c. www.d .com.. Any business organization having annual turnover above Rs 40 lacs c.... Companies b.....com. Subscriptions Accrued at the beginning of the year are Rs. What is the no.. 1500 b.. oc At 40%. 09994452442 218 ........ the capacity utilization break even point...com murugan0501@gmail. the total no...onlyforbankers. Only (ii) ………………………………………………………………………………………………………………………………………………………………… www.. All of the above w w Ans ........ 5......... 50.. admin@jaiibcaiibmocktest..... 47.com.........com..... of break even units? iib m a.ja a....... Rs...com.000.... Which of the following statements is true? (i) Balance sheet depicts the financial position of a particular borrowing unit on a particular date.jaiibcaiibmocktest...... 2500 ca Ans .... www. (ii) It tells about financial position for the whole year a.000 and subscriptions accrued at the end of the year are Rs.com.. kt Ans ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 50...bankpromotionexams..jaiibcaiibmocktest.500.........com..500 Rs.000.. 2000 d. of units produced is 5000.bankpromotionexams.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ... www.500..com............. Rs.. 7.000...www.. iib Audit of books of accounts is statutory requirement for- w ......c .. Only (i) b... es t Rs..onlyforbankers.. The amount that figures in Receipts & Payment a/c under the head 'Subscriptions' will be ..b . 55..... admin@jaiibcaiibmocktest....

. 40000 d.onlyforbankers...d .1 } ÷ (1 + R)^T -------------------------------------------------------------------So....c o Ans . 110000 iib m Mr.bankpromotionexams.a.... 10000 b.. 432498 d.. The formula of PVOA = -------------------------------------------------------------------PVOA = (C ÷ R) x { (1 + R)^T ... 20000 c..onlyforbankers. so..a ...com.. 150000...Rs...... ca a....ja Solution: w w w P = 10000 R = 5% p.. Both (i) and (ii) . X is to receive Rs.jaiibcaiibmocktest. oc Ans . www...jaiibcaiibmocktest.. 423498 b....com. 423948 c... www. www... es t Sales .b .com...com. Find gross profit...com. admin@jaiibcaiibmocktest..bankpromotionexams. www....... 09994452442 219 . ………………………………………………………………………………………………………………………………………………………………… www. PVOA (Present Value of Ordinary Annuity) is applied.. Either (i) or (ii) d. Net Loss .. 30000... T=5Y This ques asks the PRESENT VALUE OF INVESTMENT AT THE END OF PERIOD.Rs.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... 10000.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c... admin@jaiibcaiibmocktest.... 100000.. as interest on bonds by end of each year for 5 years @ 5% ROI.com.www... kt a.com murugan0501@gmail. 432948 iib Ans .com... Calculate the present value of the amount he is to receive...............com..Rs.. Operating expenses ..

..... ………………………………………………………………………………………………………………………………………………………………… www... (iii) Cost of production iib Ans . 24000 d..c o m PVOA = (100000÷0. 89000....com murugan0501@gmail.www.. (ii) Paid up capital and reserves.. A Balance sheet shows total liabilities at Rs......c .... Only (ii) and (iii) d... w w w a... 23500 c...Rs.. www... (ii) and (iii) iib m Finished goods period is not worked out on the basis of..onlyforbankers. In a Balance Sheet owners fund doesn't mean.. (i)......bankpromotionexams.. 09994452442 220 . (ii) and (iii) ca a...... 37500 Ans ...com.. Opening Stock .. 2 lac and debit balance of profit and Loss account at Rs..com..........com.jaiibcaiibmocktest. (i) Cost of sales.. Only (ii) and (iii) d...... admin@jaiibcaiibmocktest.............. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ...05)^5 = 432948 Ans ... www.. 10000 b... Purchases .com. 1 lac.....Rs. (ii) Raw material consumed... Find the gross profit...........com.... Only (i) and (ii) b. 10 lac.... 112500.05) x {(1+0. (iii) Money contributed by promoters oc Ans . 5 lac and long term debt Rs.com..bankpromotionexams.onlyforbankers.....Rs.. 13500....... Only (i) and (iii) c. 75000. current liabilities at Rs......ja Cost of the goods ...... www. Sales ...b . Only (i) and (ii) b........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.............. www.. .. (i) Money invested by owners from their sources..Rs.... The net worth is.. (i)........... kt es t a...05)^5 – 1} ÷ (1+0.com... admin@jaiibcaiibmocktest...com..............b ...jaiibcaiibmocktest..... Only (i) and (iii) c.

...jaiibcaiibmocktest. nomination can be made in favour of ....onlyforbankers. admin@jaiibcaiibmocktest.... be appointed as a nominee for delivering contents of a hired locker........a .....bankpromotionexams..... www. 8 lac..... Either (i) or (ii) d. (ii) can't a.. 14 lac d... Neither (i) nor (ii) Ans ........bankpromotionexams..ja iib a... None of the above es t Ans .. (i) one individual only. 4 lac c..com... Rs.a ....... 0.....c o m a.www.....com... (i) can. oc kt a..... ………………………………………………………………………………………………………………………………………………………………… www.....a ...com..jaiibcaiibmocktest. None of the above ca Where the safe deposit locker is hired from the bank by two or more individuals... iib m Ans ... Rs.....75 lac c. A Balance sheet shows fixed assets and non-current assets at Rs........... 6 lac and long term liabilities at Rs.........c . www.. admin@jaiibcaiibmocktest..... Rs.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com......com..onlyforbankers...com murugan0501@gmail....... Only (i) b.. Either (i) or (ii) d..... 09994452442 221 ... www... ...com.......... Neither (i) nor (ii) Ans . Only (ii) c.... 2 lac b.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..com. (ii) more than one individual possible. www.... Rs.... Rs.. Rs.....com... w w w A minor ...... 3 lac d. What is the net working capital................. Only (i) b... 2 lac b......... Only (ii) c..

.... 456496 d. One year b...1 } x (1 + R) ÷ (1 + R)^T --------------------------------------------------------------------------------So..jaiibcaiibmocktest... ..05) ÷ (1+0.com.onlyforbankers. ... 454596 b.....ja iib a. admin@jaiibcaiibmocktest.....d .. www.05) x {(1+0.com...com. ca Mr.. admin@jaiibcaiibmocktest...com..... www. 455496 c.....com...com.... Calculate the present value of the amount he is to receive.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Three years d.onlyforbankers...05)^5 ………………………………………………………………………………………………………………………………………………………………… www.. 14 days d...c o a.. 09994452442 222 ... www. 21 days es t Ans . as interest on bonds at the beginning of each year for 5 years @ 5% ROI..jaiibcaiibmocktest..... 7 days b. kt To assess the financial position of the borrower the financial statements of the borrower should preferably be analysed atleast for... Two years c.....com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Maximum timeframe for collection of cheques drawn on state capitals is .a .... PVAD = (100000÷0. www. 10 days c.......... T=5Y --------------------------------------------------------------------------------PVAD = (C ÷ R) x { (1 + R)^T .www........... 465496 w w w Ans .a Solution: P = 10000 R = 5% p. 100000.bankpromotionexams..bankpromotionexams..com.... iib m oc a....a.com murugan0501@gmail. Three years or for whatever period they are available whichever is minimum Ans .05)^5 – 1} x (1+0...... X is to receive Rs......

............... admin@jaiibcaiibmocktest.... 15 lac d. admin@jaiibcaiibmocktest..000 d. Calculate the depreciation for 5th year using Straight-line Method.... What is the amount of current assets after this investment? ca a. Rs...com.......000 Ans ......... what is the amount of total current assets? es t a.www... due to which its current ratio came down from 2:1 to 1.000/. 4 lac.100 lac and net profit after tax.5:1... 3. www. www. 4... 13 lac oc kt Ans ....com.90000 = 630000 ………………………………………………………………………………………………………………………………………………………………… www..50.... Value to be taken for Depreciation = 720000 ...... 7... 5 lac... Rs.. 12 lac c....bankpromotionexams.com. 09994452442 223 ..onlyforbankers.. Rs.. 70.com..... 5 lac iib Ans .. of Rs..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m = 454596 Ans .ja An asset cost Rs.com..c ..... Rs.00. If stock turnover ratio is 10 and other current assets of Rs.......... Rs....a . 5 lac from its liquid assets of the business in an associate firm. 18 lac c..000 c.bankpromotionexams.jaiibcaiibmocktest.... Rs...com.com.com murugan0501@gmail. Rs..000 b. www.com. w w w a.c o A company reported sales of Rs. and is expected to last 9 years.b Let me Explain : Expected Life = 9 Years Total Depreciation = Cost of the Asset ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.Residual Value So. www. Rs.jaiibcaiibmocktest.. 20 lac b...has residual value of Rs. Rs. Rs... Rs.. 90.. Rs....... iib m A company invested Rs..000/-. .. 15 lac b... ..... 80..20..onlyforbankers....... 10 lac d...

. which is called w w w A.........b .com........ Memorandum of Association b........ is made ca a. Profit b.... www.com. Sale c.c o m Depreciation per year = 630000/9 = 70000 So......... double entry Ans .. oc Ans .......com......c .. adjusting entry C..... Articles of Association ………………………………………………………………………………………………………………………………………………………………… www. es t Balance with the bank as per cash book of the customer is Rs... www......... the entry is balanced with a corresponding entry. Deducted c... www.com murugan0501@gmail....... admin@jaiibcaiibmocktest..jaiibcaiibmocktest.. www.......com..... a....com......... .. is called the Charter of the company... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . contra entry D....bankpromotionexams.........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com... to reconcile the cashbook with bank passbook...com. kt a... admin@jaiibcaiibmocktest..... The said amount should be ..... reverse entry B... 70000/.... None of these iib Ans .onlyforbankers... None of the above iib m Revenue is recognised only when .jaiibcaiibmocktest.............bankpromotionexams........ 09994452442 224 ... 14700 and the bank has paid Rs..ja In double entry...... ...com.. Loss d.www..... No entry required d.. Depreciation for 5th year also will be Rs...onlyforbankers..........b .......... 2000 as per standing instruction......... Added b....

www. oc kt a.jaiibcaiibmocktest...... ... back up b.www..com.. the amount payable shall be . Control iib Ans . 09994452442 ………………………………………………………………………………………………………………………………………………………………… Ans .... Prospectus d.... 882000 d.... Incorporation b.... w w w a......onlyforbankers...a .......bankpromotionexams.. ca a...... 800000 in a bank FDR @ 10% p...c o m c.. 884000 Ans . www.. If interest is compounded on half-yearly basis.c Solution: P = 800000 R = 10% / 2 = 5% (since compounding is semi-annually........... Up dating d.. for 1 year.. All of the above iib m Regular ...ja A person invested Rs.... admin@jaiibcaiibmocktest.. www.com........com.....com... Commencing the business c... rate is divided by 2 ………………………………………………………………………………………………………………………………………………………………… www... www.......... None of the above Ans ..com............... 09994452442 225 ... Income-tax department d... es t A company comes into existence when it gets the certificate of.bankpromotionexams. ......jaiibcaiibmocktest...com....... 880000 c.........a.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com murugan0501@gmail.a .. admin@jaiibcaiibmocktest..com..com. Function c...........a ... of data is required to guard against loss of data.onlyforbankers. 872000 b..

...... Nominal.bankpromotionexams....c . www..a/c...... www........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail............ c.. www.c o ----------------------FV = P * (1+R)^T ----------------------So...com.com... w w A person who owes money to the firm is called A.com.com........ Ans .... Manual accounting d........... Accounting b.com. ………………………………………………………………………………………………………………………………………………………………… www..com......................onlyforbankers....... Debtor C..com......www.. b... None of the above oc ........ admin@jaiibcaiibmocktest......... Owner Ans .bankpromotionexams..... d...............com murugan0501@gmail. means accounting performed by a computer..... Computerised accounting c. ....jaiibcaiibmocktest..onlyforbankers.... ca Capital account is a ... Real.. personal.. Both B and D. time is multiplied by 2) Since compounding is semi-annually and its only 1-time investment.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m T = 1*2 = 2 (since compounding is semi-annually....b .........com... 09994452442 226 .jaiibcaiibmocktest.........ja iib a.b ........ the formula to be used: kt iib m a.. www.. FV = 800000 * (1+0... admin@jaiibcaiibmocktest. es t ... Shareholders D... Creditor B...05)^2 = 882000 .... w Ans .......

......... A ledger account d...... Cheaper c...d . www...com. None of these es t Ans ... www.... 09994452442 227 ... ca Trial Balance is a ..onlyforbankers...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m When a currency is at premium in future or for a future value date.jaiibcaiibmocktest..... Deal Price d.. admin@jaiibcaiibmocktest..... Personal Account c.com.. a..... None of these w Ans ... it is ...jaiibcaiibmocktest......b ... Costlier b.... Part of the cash book b......ja iib a..........c o a.......bankpromotionexams.www.............com..a .. All the above Ans – b ………………………………………………………………………………………………………………………………………………………………… www.. oc iib m a. None of these kt The price at which two unrelated and non-desperate parties would agree to a transaction is called Ans .. Arm's Length Price c......com.com..com...com.. admin@jaiibcaiibmocktest..... www... Real Account d.............bankpromotionexams.. Transfer Pricing b.com murugan0501@gmail..... Equal d...... ... w w Bank Reconciliation Statement is .onlyforbankers. A statement prepared to know the cause for the difference between balance as per bank column of cash book and passbook c.... www.... Nominal Account b.com.....

. Capital Expenditure b.www...com murugan0501@gmail....onlyforbankers........ Making payment of the bill on the due date Ans.b ...com.com...bankpromotionexams........com.............. Revenue Expenditure c............a ...... www..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com.. Making payment of the bill before the due date d. a...com.............. Both a and b d.c ...onlyforbankers........ Neither a not b es t Ans ....com.... Making payment of the bill after the due date c... iib a........ ………………………………………………………………………………………………………………………………………………………………… www...... admin@jaiibcaiibmocktest. admin@jaiibcaiibmocktest.c o a.jaiibcaiibmocktest............. Accuracy of the book keeper b..........com..... w w w Retiring a bill under rebate means..ja Ans ........com..... Arithmetical accuracy of books c. Ans ... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Acid test ratio is also called as .......... www.. oc iib m a. www. None of these ...... Liquidity Ratio c.jaiibcaiibmocktest. 09994452442 228 ........... Dishonouring the bill b.... Quick Ratio b... ca Trial balance validates .bankpromotionexams... Deferred Revenue Expenditure d.......... None of the above kt Construction of building is a ... c ... www. Honesty of the book keeper d...

............. if income is more is called Ans ...d ... Surplus d...........d ..... 5% b.... Profit c.........jaiibcaiibmocktest....... w Ans ..... ………………………………………………………………………………………………………………………………………………………………… www.. Net Revenue b... Admission b... 10% d..a ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... admin@jaiibcaiibmocktest............ Submission c............ 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Difference between income and expenses. of a partner means that a partner breaks off his relations with all other partners and withdraws himself from the firm..c .bankpromotionexams.com. Retirement ca ............ Permission d.....jaiibcaiibmocktest. es t . .... 12% Ans ..com...com....... admin@jaiibcaiibmocktest... 09994452442 229 ...... Discounting of compounded future cash flows Ans .com. Present cash flows compounded into the future d...bankpromotionexams......... Inverse of future cash flows c.com.......com.c o a...... kt The rate of discount on share cannot exceed. w w Present Value is defined as a..com murugan0501@gmail...com.com... www.. www...onlyforbankers... www........ All of the above iib m oc a.. www...www.. 8% c.onlyforbankers....ja iib a.... Future cash flows discounted to the present at an appropriate discount rate b.................

. www................com..com.. Is the discount rate at which the present value....... depositor c.. iib a..bankpromotionexams. admin@jaiibcaiibmocktest.. what is the discount rate? .com... ......... w w w The yield to maturity is a rate of return which a..d ................ www. Identify iib m oc a..bankpromotionexams. www....jaiibcaiibmocktest.. equals the current price c........ gives the return at maturity on the bond for the original holder d... admin@jaiibcaiibmocktest. 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t Ans ..... www.onlyforbankers.jaiibcaiibmocktest... b or c Ans ..... gives the current yield b.......... 09994452442 230 ...... 10% b.......com..www........ Equal cash flows at equal intervals for a specified period c.. 20% c....com.onlyforbankers.ja Ans ....c ......................... Unequal cash flows at equal intervals for specified period d..... of the coupons and the final payment at face value.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. 15% ca If 1 year discount is 0.... Unequal cash flows at equal intervals forever m Annuity is defined as kt A bond holder of a company has one of the following relationship with It. 30% d. ………………………………………………………………………………………………………………………………………………………………… www.c o a.. shareholder b..b ........8333......com........com..b ... employee Ans ......com murugan0501@gmail. creditor d.com. Equal cash flows at equal intervals forever b....

......com.c o a. 1:2 b...... Liquidity Ratio Ans..com.. no relationship es t Ans .onlyforbankers.com....... Balance Sheet b. direct and curvilinear d.... Debtor's Turnover Ratio d..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m The relationship between the bond prices and interest rates is one of the Following ........bankpromotionexams. kt Which is not a Solvency Ratio? iib m oc a.. w w What will the ratio of simple interest earned by certain amount at the same rate of interest for 12 years and that for 6 years......b . c .. admin@jaiibcaiibmocktest. a.. .www... is prepared........com.....jaiibcaiibmocktest.com......... All the above w Ans .... . admin@jaiibcaiibmocktest..com....ja iib a. www... direct & linear b.. Debt-Equity Ratio b. 09994452442 231 ......c ... Current Ratio c.. www................................bankpromotionexams.. 2:3 Ans – b ………………………………………………………………………………………………………………………………………………………………… www.jaiibcaiibmocktest. Bank Reconciliation Statement d.... 2:2 d. www... 2:1 c. inverse & linear c. www. Trial Balance c......onlyforbankers.com.......... ca To know the cause for the difference between balance as per bank column of cash book and passbook.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com murugan0501@gmail....com..

. Real Account b.........onlyforbankers... Net Loss ... Capital Expenditure b.......b .c o Let the principal be P and rate be R.....com.....com.. Ans ... a.... None of the above kt If the benefit of an expenditure is available for only one year. 110000 w Ans .... 150000...com.com. Representative Personal Account d........... ca Sales ......ja iib a.............Rs. ...com....... 10000 b. b .. Find gross profit.com. w w Consignee's Account is a... Nominal Account Ans.Rs.. Revenue Expenditure c... www.. www.......... 09994452442 232 ..... 40000 d....... then es t Ratio = [(P*R*12/100):(P*R*6/100)] = 12PR:6PR = 12:6 = 2:1 ...... admin@jaiibcaiibmocktest....... Deferred Revenue Expenditure d.....bankpromotionexams.com murugan0501@gmail..com.........www. Operating expenses ...onlyforbankers.. www.... oc iib m a..jaiibcaiibmocktest......b ..... ………………………………………………………………………………………………………………………………………………………………… www.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 10000........... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Let me Explain : ...... it is a ... 20000 c.... 30000. Personal Account c. admin@jaiibcaiibmocktest......Rs.com.. www........bankpromotionexams..jaiibcaiibmocktest.......

www... 2:2 d. Operating Assets b.....com..bankpromotionexams....... www. find out the balance as per KRB Bank’s books.... Liquid assets es t Ans..2006 amounted to Rs....jaiibcaiibmocktest.. iib m Rs. ..... 09994452442 233 . 500 were debited by the bank but no entry was made by the accountant of the company.com.22500 ca Ans .. Bank column of cash book of company showed a debit balance of Rs..com...com... Fixed Assets c.......com..25500 Rs..4000 Bank charges of Rs.bankpromotionexams..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Assets kept for short term for converting into cash or for resale are called as. Current Assets d.d Let me Explain : Let the principal be P and rate be R Then.com... w w Ans ..com murugan0501@gmail.com. 2:3 iib What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years.. Cheques deposited into the bank but not credited before 31st December.jaiibcaiibmocktest....... Ratio = [(P*R*6/100):(P*R*9/100)] = 6PR:9PR ………………………………………………………………………………………………………………………………………………………………… www.. c ..... w .. www.30500 Rs.onlyforbankers. 2:1 c. On 31st December. www. 1:2 b. From the above particulars........... admin@jaiibcaiibmocktest..2006.. www....c o a.... 26000..21500 Rs.ja a. admin@jaiibcaiibmocktest.c ....onlyforbankers. oc kt X co ...was maintaining account with KRB Bank Ltd...com..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....

admin@jaiibcaiibmocktest....2800 = 450. So.... 3. Amount including interest for 2 years = 2800... The existing total of debit side of the trial balance is Rs.000 ..onlyforbankers. www.. X has been omitted from recording in the Sales Book..06.com murugan0501@gmail.. 5% d..com.ja Int for 3 years = 3250 . 10 years to maturity b..97.b . kt a. Rs..bankpromotionexams.......94. the Principle amount = 2800-150-150 = 2500...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. Rs 2. www... presently? oc Ans ...onlyforbankers.000 .....com.....com. 09994452442 ………………………………………………………………………………………………………………………………………………………………… .....000 b.. 1.....00. Rs. 10% coupon rate. 2... Rs..c o m = 6:9 = 2:3 . Rs.jaiibcaiibmocktest..250 in 5 years.... 2....com. 1... 3... Int Rate = 150/2500*100 = 6% .....bankpromotionexams.000......com...800 in 2 years and to Rs. What will be the total of credit side.. 09994452442 234 . www.......500 . ........ Which bond would most likely possess the least degree of interest rate risk? a... int for 1 year = 450/3 = 150.... 20 years to maturity...com...500 . 6% iib m A sum of money at simple interest amounts to Rs. 8% coupon rate...com. 8% coupon rate..000 to Mr. www. Rs. 3.... 2..com. Find the sum and the rate of interest. 6% c. admin@jaiibcaiibmocktest...... 2.....03..... es t A sales of Rs.. 2. 10 years to maturity c.www.. Rs.b ca a... ………………………………………………………………………………………………………………………………………………………………… www..... 3.. Rs.jaiibcaiibmocktest... w w w So...000 d. 5% b....000 c....000 iib Ans .

................... Errors of omission c....... An entry of Rs. Capital Expenditure b................a ... w w w ......com.....onlyforbankers.. Actually it should be ......com.jaiibcaiibmocktest.. 1 c..b .in total of sales book is an. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d...onlyforbankers. 20 years to maturity.. kt es t a.. Over casting of Rs...... Errors of principle d........ it is a ............ 3500/... 0. www..... None of the above Ans .... 0. 09994452442 235 . Revenue Expenditure c.. www...jaiibcaiibmocktest.. Deferred Revenue Expenditure d. Both Credit and debit sides of the trial balance presently shows a total of Rs.... 12% coupon rate.......c o Ans ......www.com.. www.com.. admin@jaiibcaiibmocktest...bankpromotionexams...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com... 56810000 ………………………………………………………………………………………………………………………………………………………………… www... 56785000........bankpromotionexams....a . admin@jaiibcaiibmocktest........ Errors of commission b.. a. None of the above ca a........ 2 d. If an expenditure helps in increasing the earning capacity of a firm..... www.... iib m Ideal ratio for "Acid test ratio" is oc Ans . 25000 related to Bills payable account has been posted to the credit side of Bills receivable account..........67 iib Ans . ...com...........b .5 b..com...com..ja a..com murugan0501@gmail......

.. current yield .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...c .. 0. 56760000 c.. yield to maturity b.d .. 1 c........ 2 d........ coupon rate c.........c o m b.. admin@jaiibcaiibmocktest...bankpromotionexams.........www.... compounded rate d.. www.........com..b .ja Ans – a ........ 09994452442 ………………………………………………………………………………………………………………………………………………………………… ...........com....jaiibcaiibmocktest.... Commission received is a w w w a..67 What does the rate of return equal to if interest rates do not change during the pendency of the bond ? iib ca a.. 56785000 d.......... www.... www..... oc kt a.... Nominal Account d..bankpromotionexams.com......... ………………………………………………………………………………………………………………………………………………………………… www. None of these Ans ...5 b...... None of the above Ans ...com.... 09994452442 236 .........com......com. es t Ideal ratio for "Fixed Asset Ratio" is iib m Ans .................... 0..com.. Personal Account b....... admin@jaiibcaiibmocktest.jaiibcaiibmocktest.. Real Account c.......onlyforbankers...com.. www...onlyforbankers.....com murugan0501@gmail...

None of these ..c ...onlyforbankers.onlyforbankers... admin@jaiibcaiibmocktest... ca "Debit all expenses and losses and credit all incomes and gains".jaiibcaiibmocktest............ 27 b... d......com murugan0501@gmail. Proprietor's A/c b.....5000 carries a coupon interest rate of 12%.....3% d............jaiibcaiibmocktest...bankpromotionexams... 29 d......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. admin@jaiibcaiibmocktest.c .. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m There are . Cash A/c c.com......................... 30 es t Ans .... Nominal Account........ www..... Accounting standards in India .. Real Account c..2% Ans .. www..com... 12% b. 14.bankpromotionexams.....com..... Capital A/c d.. It is quoted in the market at Rs. www..... ………………………………………………………………………………………………………………………………………………………………… www...com.. Personal Account b..c ..b .. 13. 28 c. 10% c.. in iib a........ja Ans ... 09994452442 237 ........c o a... kt Where a withdrawal of cash from business by the proprietor be credited? iib m oc a............www.com.... Drawings Ans ....4500....... www..com.....com...... What is the current yield of the bond? a.... w w w A Bond of face value Rs....com..........

....... www..com.. All of the above Ans – a ..... Internal rate of return c..is the value of an established business over the above the value represented by its tangible assets......... oc iib m a.c o a........ Capital loss c.. admin@jaiibcaiibmocktest............ 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which of the following investment rules does not use the time value of the money concept? ..com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail........ To give preference on re-payment c.. www. Deferred revenue expenditure. Revenue and capital loss both kt Discount on issue of shares is a ......a ...... ………………………………………………………………………………………………………………………………………………………………… www... Losses d...jaiibcaiibmocktest. To raise resources without losing management control d...............com.com..com.bankpromotionexams.. 09994452442 238 . Revenue loss b..ja Ans . a.www..com......... ca The main object of permitting the company to issue non-voting equity shares is .... Liabilities c..... The payback period b... Net present value d.............. w w w ....b . All of the above use the time value concept es t Ans . Goodwill b.............c ........ Ans ....onlyforbankers.. www...com. All of the above . admin@jaiibcaiibmocktest...... d......jaiibcaiibmocktest............ iib a... www..onlyforbankers...........bankpromotionexams............com murugan0501@gmail.com. To give higher dividend b.

.. admin@jaiibcaiibmocktest.a .000 b.... Turnover Ratios c......jaiibcaiibmocktest...com murugan0501@gmail.c .......onlyforbankers.... Facilitate Inter-Firm comparison b.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Cost of Car is Rs..... ………………………………………………………………………………………………………………………………………………………………… www.......jaiibcaiibmocktest...... es t .. Long-term Solvency Ratios oc Which one is also called as "Liquidity Ratios"? kt Ans – d ..... Net Profit Ratio Ans .000. None of these w Ans .........com... Facilitate Intra-Firm comparison c.www.. 220. www........ admin@jaiibcaiibmocktest..c o a..... 300......................bankpromotionexams. Earnings per Share c. w w "Return on Investment" is also called as a.... Depreciation rate is 10% on WDV..... Overall Profitability Ratio b.....onlyforbankers... Short-term Solvency Ratios d.......com. 218... What is the book value of car after 3 years ? iib m a. 210...bankpromotionexams... 214........ Help in Planning d. 09994452442 239 ....d ...00 c.......com..... Gross Profit Ratio d..... www. ca Which one is not the uses of Accounting Ratios? ..... Profitability Ratios b.. www......com..com.........700 Ans .. www.com..........ja iib a...com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....300 d.com....

.2 : 1. The amount of Fixed Assets + Non Current Assets is Rs... 09994452442 ………………………………………………………………………………………………………………………………………………………………… Current Ratio = 1.... kt es t a. 22 Lacs m - .... 12 Lac... What would be the Current Liabilities? Ans . www......... ………………………………………………………………………………………………………………………………………………………………… www... www.a iib m oc Explanation : Total Assets is Rs..c o Facebook Groups Current Ratio = 1..com JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....com. admin@jaiibcaiibmocktest... w Ans – b ............ 09994452442 240 . 10 Lacs b..22 Lac...... Second Working Day c...com.........com murugan0501@gmail.....jaiibcaiibmocktest... 10 Lac.. b... Third Working Day Ans ...2 : 1 Current Liabilities = Rs. Total of balance sheet being Rs.b . the exchange of currencies take place on a... 10 Lac ........www...... Same Day b..... Both valuation and allocation... www.com.. 16 Lacs d...ja iib a..com..22 Lac. 10 Lac Then Current Assets = 22 – 10 = Rs.com......com......jaiibcaiibmocktest.com... d.bankpromotionexams.onlyforbankers. Valuation..... Fixed Assets + Non Current Assets is Rs..... w w In TOM.. 12 Lacs c..com.....bankpromotionexams. Next Day c.. Allocation. Non of these. www............. c.onlyforbankers. ca Depreciation is a process of: . admin@jaiibcaiibmocktest..

com..... Rs.... w w w If the rates in Mumbai are US \$1=Rs......7580 Therefore for one Euro we will get a...42......... Forward .... www.... All of these es t Ans ....... www.onlyforbankers..d ......bankpromotionexams....ja Ans ...... Straight-line c...56.. Double-declining balance b. admin@jaiibcaiibmocktest...jaiibcaiibmocktest.. ca The exchange of currencies takes place on the date of the deal in iib a.........c o a........ None of these kt Which of the following depreciation methods is NOT an accelerated method? Ans – b .. Mahajani b...jaiibcaiibmocktest... 09994452442 241 ...www...53 c.c ..b ....com.56.45 b.. Marwari c... oc iib m a....com...com........... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Nama. the old method of accounting used in India...com.....38 d..com murugan0501@gmail... www.. Rs. SPOT b...............50 Ans ... Rs... www... Cash d..56....com.... In London market are US \$1=Euros 0...56.... Deshi d... is also called as ... Rs......onlyforbankers.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....... ………………………………………………………………………………………………………………………………………………………………… www. TOM c...bankpromotionexams......850... admin@jaiibcaiibmocktest... Sum-of-the-years' digits d..com.com..

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

The value which bond holder gets on maturity is called as...

.c
o

a. Market Value
b. Face Value
c. Intrinsic Value
d. Redemption Value

es
t

Ans - d
.............................................

oc
iib
m

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

kt

The contingent liabilities are not shown...... (i) In the balance sheet total, (ii) In the balance
sheet alongwith other liabilities, (iii) As footnotes

Ans – a
.............................................

iib

.ja

a. 5000
b. 20000
c. 35000
d. 50000

ca

Sales - Rs. 85000, Operating expenses - Rs. 20000, Net Profit - Rs. 15000. Find gross profit.

w

Ans - c
.............................................

w

w

The investment in security deposits made against telephone or electricity is......
a. A current asset
b. A fixed asset
c. A non-current asset
d. None of the above
Ans - c
.............................................
…………………………………………………………………………………………………………………………………………………………………

www.jaiibcaiibmocktest.com, www.bankpromotionexams.com, www.onlyforbankers.com

242

www.jaiibcaiibmocktest.com, www.bankpromotionexams.com, www.onlyforbankers.com

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

.c
o

m

A capital equipment costing Rs. 200,000 today has Rs. 50,000 salvage value at the end of 5
years. If the straight line depreciation method is used, what is the book value of the equipment
at the end of 2 years?

es
t

a. Rs. 200,000
b. Rs. 170,000
c. Rs. 140,000
d. Rs. 50,000

kt

Ans - c
.............................................

oc

What is the market value of a bond that will pay a total of fifty semiannual coupons of Rs. 80
each over the remainder of its life? Assume the bond has a Rs. 1,000 face value and a 12% yield
to maturity.

iib
m

a. Rs. 734.86
b. Rs. 942.26
c. Rs. 1,135.90
d. Rs. 1,315.24

ca

Ans - a
.............................................

.ja

iib

What would you pay for a share of ABC Corporation stock today if the next dividend will be Rs.
3 per share, your required return on equity investments is 15% and the stock is expected to be
worth Rs. 90 one year from now?

w

w

w

a. Rs. 60.00
b. Rs. 68.12
c. Rs. 78.26
d. Rs. 80.87
Ans - c
.............................................
Capital = Rs. 65,000, Assets = Rs.80,000, then Liabilities = Rs......
a. Rs. 25,000
b. Rs. 35,000
c. Rs. 5,000
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

d. Rs. 15,000

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Ans - d
.............................................

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t

Under the straight line method of providing depreciation, depreciation amount will not ...... (i)
Increase every year, (ii) Remain constant every year, (iii) Decreases every year

oc

Ans - b
.............................................

kt

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

iib
m

An asset cost Rs. 16,00,000/- has residual value of Rs. 1,00,000/-, and is expected to last 5
years. Calculate the depreciation for 4th year using sum of the digits Method.

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a. Rs. 100000
b. Rs. 200000
c. Rs. 300000
d. Rs. 400000

iib

Ans - b

.ja

Let me explain :

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D = (nth/E(sigma)n)(cost-Residual Value)
E(sigma)n = 1+2+3+4+5 = 15
Cost-Residual Value = 1600000 - 100000 = 1500000
1st year = 5/15(1500000) = 500000
2nd year = 4/15(1500000) = 400000
3rd year = 3/15(1500000) = 300000
4th year = 2/15(1500000) = 200000
5th year = 1/15(1500000) = 100000
.............................................
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

A truck cost Rs 1,05,000 with a residual value of Rs. 1,00,000. it has an estimated useful life of 5
years. If the truck was bought on July 9, what would be the book value at the end of year 1?

es
t

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a. Rs. 1,00,000
b. Rs. 85,000
c. Rs. 80,000
d. Rs. 25,000
Ans - a
.............................................

oc

kt

A sum of Rs. 25,400 is lent out into two parts, one at 12% p.a. and the other at 12.5% p.a. If the
total annual income from interest is Rs. 3116. the money lent at 12% is......

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m

a. Rs. 10,000
b. Rs. 11,800
c. Rs. 12,400
d. Rs. 13,400

ca

Ans - b
.............................................
Assets

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Net Fixed Assets - 800
Inventories - 300
Preliminary Expenses - 100
Receivables - 150
Investment In Govt. Secu - 50
Total Assets - 1400

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Liabilities
Equity Capital - 200
Preference Capital - 100
Term Loan - 600
Bank C/C - 400
Sundry Creditors - 100
Total Liabilities – 1400
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

1. Debt Equity Ratio = ?

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a. 1:1
b. 1:2
c. 2:1
d. 2:3

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Ans - c
Explanation :

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2. Tangible Net Worth = ?

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a. 100
b. 200
c. 300
d. 400

kt

600 / (200+100) = 2 : 1
.............................................

ca

Ans - b

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Explanation :

.ja

Only equity Capital i.e. = 200
.............................................
3. Total Liabilities to Tangible Net Worth Ratio = ?

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a. 7:2
b. 11:2
c. 13:2
d. 15:2
Ans - b

Explanation :
Total Outside Liabilities / Total Tangible Net Worth : (600+400+100) / 200 = 11 : 2
.............................................
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

4. Current Ratio = ?

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a. 1:1
b. 1:2
c. 2:1
d. 3:1

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Ans - a
Explanation :

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(300 + 150 + 50 ) / (400 + 100 ) = 1 : 1
.............................................

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a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

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m

Intangible assets are ...... (i) Goodwill, patents, copyrights (ii) Cash in Bank, Land & Building, (iii)

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Ans - b
.............................................

Ledger is the book of ..... entry.

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a. Original
b. Final
c. Daily
d. Monthly

Ans - b
.............................................
Net Working Capital is not calculated as ...... (i) surplus of fixed assets over current liabilities, (ii)
surplus of long term fund/liabilities over long term assets, (iii) surplus of fixed assets over
current assets
a. Only (i) and (ii)
…………………………………………………………………………………………………………………………………………………………………

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247

.com. ..b ............com.. admin@jaiibcaiibmocktest.onlyforbankers.. Return of anything purchased Ans – c ………………………………………………………………………………………………………………………………………………………………… www.bankpromotionexams..c o m b...........www.......... 101086 b..com.. www......... the fundamental rule of Debit and credit is...com. Return of goods to the suppliers b..... Ans is 110186 ... 111086 iib m Ans .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . ca For nominal accounts. how much he should invest annually? oc kt a... w w Sales Return Book records a.. At 12% ROI. www. incomes and gains D. debit expenses and losses and Credit...... www...com.bankpromotionexams... Only (i) and (iii) c...c Hint: Use FVOA formula to find C. what goes out C.... the giver B... Only (ii) and (iii) d. none w Ans ...com..... 09994452442 248 ... 101186 c... es t Mr. Return of goods by the customers c... 110186 d...... (ii) and (iii) Ans . Here FV is given.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... 7 lac...... admin@jaiibcaiibmocktest.......onlyforbankers.com murugan0501@gmail.jaiibcaiibmocktest... Return of anything sold d.............com.com.ja iib A..jaiibcaiibmocktest...c .. www. X wants to send his daughter to a management school after 5 years and will need onetime payment of charges amounting to Rs.... (i).....

.000 to Raju against cheque issued by him.onlyforbankers.. www.... for two years is Rs.....com.com......com.onlyforbankers..... es t Ans ... Uncalled capital.... a.. Debit bank a/c Credit Sales a/c b. www...com.c o a.....bankpromotionexams.. admin@jaiibcaiibmocktest..com.com. Rs. Real a/c c. Calls in arrear . iib a.. Rs.com... w w w Simple interest on a sum at 4% p...... Debit bank a/c Credit Raju's a/c kt Patent Right a/c is iib m oc a.com. c...800.jaiibcaiibmocktest........ ...........ja Ans . Nominal a/c b...jaiibcaiibmocktest.. Find the total amount for the compound interest on the same principal... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Goods sold worth Rs...a . ca The difference between subscribed capital and called-up capital is called.. www.. 8160 b.... 10816 d.............. admin@jaiibcaiibmocktest..bankpromotionexams.. 10861 Ans . Paid up capital b.......com murugan0501@gmail... Rs...........www.. Personal a/c d.. Debit Raju's a/c Credit Sales a/c c............com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... Intangible a/c Ans ..... 8610 c. The entry for this will be. Calls in advance d.. Debit cheque received a/c Credit Sales a/c d.. 09994452442 249 ....30.. rate of interest and for the same period is....c Let me Explain : ………………………………………………………………………………………………………………………………………………………………… www.b .b ........ www.a. Rs.

...... www..a for 2 years oc kt A = P(1+r/100)^n = 10000 (1+4/100)^2 = 10000 (1......a .com...com..... Goodwill b.. Credit Side c..0816) = 10816 iib m So.jaiibcaiibmocktest. Debit Side b....a for 2 years is : Rs. 10000 at 4% p.... ..com....www. admin@jaiibcaiibmocktest. ………………………………………………………………………………………………………………………………………………………………… www...04)^2 = 10000 (1...........com.................. 09994452442 250 .... the Principal Amount = 400/4*100 = 10000 es t Now let us calculate. 10816 .... for 1 year @ 4% = 800/2 = 400 So... Total Amount on Rs. Either Debit or Credit Side d.. www.. www.... The closing debit balance falls on the w w w a.....com...... iib ca a.bankpromotionexams..onlyforbankers.....bankpromotionexams.a ..com....c o Simple Interest for 2 years @ 4% = 800 So.. compound interest on Rs....com... Liabilities c........com murugan0501@gmail.. Losses d. admin@jaiibcaiibmocktest.ja Ans .jaiibcaiibmocktest.. None of these Ans .onlyforbankers.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.....is the value of an established business over the above the value represented by its tangible assets... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Let us first find the principal Amount .com.. 10000 at 4% p............... www............ All of the above .

. admin@jaiibcaiibmocktest.com.. 128...jaiibcaiibmocktest.com murugan0501@gmail.5 b. 8. The dividend from the stock is .onlyforbankers........ 2:5 d... income = Rs... 97.jaiibcaiibmocktest...bankpromotionexams. www.5 d. then ………………………………………………………………………………………………………………………………………………………………… www....com.... 1552... Costlier b..ja What will the ratio of simple interest earned by certain amount at the same rate of interest for 4 years and that for 10 years.... 2:1 c... www... 128/1552 x 97 Dividend = 8% .b a...... 2:3 Ans ........com. Equal d.www.. 128 By investing Rs..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..... w w w a... admin@jaiibcaiibmocktest. www..b .com..... 7.com.. 1:2 b. 1552 in a stock at 97 to obtain an income of Rs..com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com.com. . income = Rs.....c o m A man invested Rs...... None of these ca When a currency is at discount in future or for a future value date. 09994452442 251 .. 8 c..... kt Ans ..onlyforbankers.. 9... % es t a.bankpromotionexams. Cheaper c........ www.. it is iib Ans ..c Let me Explain : Let the principal be P and rate be R.7 = Rs.. 8 iib m oc Explanation: By investing Rs..

. 500......... Deduct Rs.. Deduct Rs. A. 8....bankpromotionexams... 9... Rs..com............com...1000 directly deposited in the bank.. Rs....com.. % oc kt a. 500/5000 x 90 = Rs.www.............c iib m Explanation: By investing Rs. admin@jaiibcaiibmocktest....bankpromotionexams. www.... 614 ………………………………………………………………………………………………………………………………………………………………… www.......1000 in CB c.com. but not recorded in cash book . admin@jaiibcaiibmocktest......2000 in CB Ans .. 500 By investing Rs... w w w . iib When overdraft as per cash book and a Cheque of Rs.jaiibcaiibmocktest.. Rs......com.b .. The dividend from the stock is .....ja a.onlyforbankers.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… .......... Find the compound interest on Rs.....com.jaiibcaiibmocktest..com.. 50000 in a stock at 90 to obtain an income of Rs.. 7500 at 4% per annum for 2 years. www........ www... Add Rs..... 09994452442 252 ..... 90.5 c..... 9 ca Dividend = 9% .2000 in cash book d.. income = Rs.onlyforbankers... 9 d. es t A man invested Rs.1000 in CB b.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com murugan0501@gmail.com. 612 C..5 Ans ....c o m Ratio = [(P*R*4/100):(P*R*10/100)] = 4PR:10PR = 4:10 = 2:5 ... Add Rs.. www.. 8 b.. income = Rs. 610 B... 5000.. compounded annually..

.........25000 = Rs 10123....20 B. Rs. How much Albert will get on the maturity of the fixed deposit..50 Ans ..40 D.20 So Compound interest will be 35123.. admin@jaiibcaiibmocktest.ja What will be the compound interest on Rs.....20 ...a Explanation: (25000×(1+12100)3)=>25000×2825×2825×2825=>35123....com.onlyforbankers...7500) = 612 ......... iib m oc A................onlyforbankers....D Explanation: iib ca =>(8000×(1+5100)2) =>8000×2120×2120 =>8820 ...bankpromotionexams.. Rs... .. admin@jaiibcaiibmocktest. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m D... ………………………………………………………………………………………………………………………………………………………………… www...com. www..c o Ans ..jaiibcaiibmocktest. 09994452442 253 . Rs 10123. 8620 C.20 . Rs 10123....... Rs.com....www.30 C.. Rs.. 25000 after 3 years at the rate of 12 % per annum w w w A.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 8510 B. www.com....jaiibcaiibmocktest.com... 8730 D. Rs 10123.....bankpromotionexams....com murugan0501@gmail..com.... www..... Rs 10123.......com........ www..B kt Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum......... 8820 Ans ....... 616 es t Explanation: Amount=[7500×(1+4100)2]=(7500×2625×2625)=8112 So compound interest = (8112 .com...... Rs... ...

Rs.. Rs. 09994452442 254 ...c o a.....jaiibcaiibmocktest.. Rate of interest is 14 p...onlyforbankers.... admin@jaiibcaiibmocktest. All above es t Ans ..20...000 Ans .onlyforbankers. 70..bankpromotionexams...a ...com murugan0501@gmail. Purchase in open market b..ja iib a.. www. Loss at time of issue is equal to: iib m oc a... 7...... www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Debentures can be redeemed by: .bankpromotionexams..05...... The rate of compound interest is 4 p..000 d.. Drawing a lot c...com.... a... 45..912 b.a. 1.. 1..000 for 15 years.........49.. w w Calculate the present value of an annuity of Rs.28...000 d. 1. 1..00.000 b.... 12. Rs.... 1..com.. Rs... . admin@jaiibcaiibmocktest.....com. 2.b ... Rs...000 b..com......... kt 7000 shares of Rs 100 were issued at discount of 10% and redeemed at premium of 5%...24.....000 c.www..com.956 c.....000 for 15 years..com....00.... 1. 1....000 ca Calculate the amount of an annuity of Rs.. www.. Rs.760 Ans – c ………………………………………………………………………………………………………………………………………………………………… www.....a. Redemption in lumpsum d.... Rs...880 d. Rs...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.com.000 c......jaiibcaiibmocktest.12. www..00..... 12..b . 2. w Ans .57.com.

....... 8000 Ans ..16............c o a.com...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... 9000 c....c .. Both a & b ca Claim 'of a retiring partner can be paid: w Ans .. Only credit of goods Ans .....com........ Both b & c kt Goodwill is raised at the time of: Ans – d ....jaiibcaiibmocktest. 09994452442 255 ..... All cash and credit purchase of trading goods d..50 each. www........... w w Purchase A/c shows only: a...d ..com...bankpromotionexams.....com murugan0501@gmail. Half yearly d.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A machine was purchased for Rs 1............000 by cheque and remaining by issue of shares of Rs 10 each @ 10...ja iib a. 11000 b.. Admission c....... admin@jaiibcaiibmocktest..........com.. Dissolution b...com... In installment c....bankpromotionexams. ………………………………………………………………………………………………………………………………………………………………… www..... www. All purchases of goods & Assets b.....onlyforbankers..... 10000 d...www...000 payments made Rs 10.... .jaiibcaiibmocktest.. Number of share allotted will be es t . Death d..........com.. www. Only cash of goods & Assets c..............c ......com.... admin@jaiibcaiibmocktest. In full b.............. www.onlyforbankers.......com.. iib m oc a.

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

.c
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m

A woman retire at the age of 60 years and her employer gives her a pension of Rs. 12,000 a year
paid on half-yearly installments for the rest of her life. Supposing her expectation of life to be
13 years more and that interest is @ 4% p.a. payable half-yearly, what single sum is equivalent
to this pension?

es
t

a. Rs. 3,00,000
b. Rs. 2,50,000
c. Rs. 2,41,500
d. Rs. 1,20,750

oc

kt

Ans - d
.............................................

Posting is made at ...... side of any a/c appearing at debit side of cash book:

iib
m

a. Debit
b. Credit
c. Either a or b
d. none

ca

Ans - b
.............................................

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A money-lender finds that due to a fail in the rate of interest from 13% to 12.5%, His yearly
income from interest falls by Rs. 208. His principal amount is......

w

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a. Rs. 42,800
b. Rs. 41,600
c. Rs. 44,600
d. Rs. 48,000

Ans - c
.............................................
Profit represents excess of receipts over expenditure. This statement is not as per ...... (i)
mercantile system of accounting, (ii) cash system of accounting, (iii) hybrid system of
accounting
a. Only (i) and (ii)
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

.c
o

m

b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b
.............................................

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t

Personal a/c may have ....... balance:

iib
m

Ans - c
.............................................

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kt

a. Debit
b. Credit
c. Either a or b
d. None

At what rate percent per annum will the simple interest on a sum of money be 2/5 of the
amount in 10 years?

iib

Ans - d

ca

a. 1%
b. 2%
c. 3%
d. 4%

.ja

Explanation:

w

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Let sum = x
Time = 10 years.
S.I
= 2x /5, [as per question]
Rate =( (100 * 2x) / (x*5*10))%
=> Rate
= 4%
.............................................
Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is
increased by 4%, what amount will Rs. 800 become in 3 years.
a. Rs 1052
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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o

m

b. Rs 1152
c. Rs 1252
d. Rs 1352
Ans - a

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t

Explanation:
S.I. = 956 - 800 = Rs 156

oc

Now amount will be 800 + 252 = 1052
.............................................

kt

R=156∗100800∗3R=612% New Rate = 612+4=212% New S.I. = 800×212×3100=252
R=156∗100800∗3R=612% New Rate = 612+4=212% New S.I. = 800×212×3100=252

iib
m

Interest collected by bank is in our passbook:

ca

a. Credited
b. Debited
c. Subtracted
d. Not shown

iib

Ans - a
.............................................

Bank reconciliation statement is prepared by:

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w

.ja

a. Bank
b. Customer
c. Creditor
d. Firm

Ans - b
.............................................
The debit balance of passbook is:
a. Plus balance
b. Minus balance
c. Either a or b
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

d. none

.c
o

Ans - b
.............................................
Trial balance shows:

kt
oc

Ans - a
.............................................

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a. Arithmetic accuracy of books
b. Only ledger balances
d. Only cash transactions

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m

According to Accounting Standard 2 inventory means tangible property held

ca

a. For sale in the ordinary course of business (finished goods)
b. In the process of production for such sale(work-in-process)
c. For production in the production of goods or services for sale(raw materials)
d. All the above

iib

Ans - d
.............................................

.ja

A person desires to create a endowment fund to provide for a prize of Rs.3,000 every pear. If
the fund can be invested at 10% per annum compound interest, find the amount of the
endowment.

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a. Rs. 3,000
b. Rs. 6,000
c. Rs. 15,000
d. Rs. 30,000

Ans - d
.............................................
My daughter is 5 years old. In order to provide a sum Rs. 1,00,000 when she Completes 21
years, I have decided to invest a fixed sum of money every year beginning immediately and the
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

m

last payment will be when she completes 21 years. Find the fixed sum of money assuming the
money earns compound interest at the rate of 8%p.a.

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t

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a. Rs 1,483 approx.
b. Rs. 1,400 approx.
c. Rs. 1,500 approx.
d. Rs. 2,966 approx.
Ans - d
.............................................

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m

a. Rs. 8,000 approx.
b. Rs. 9,073 approx.
c. Rs. 18,146 approx
d. Rs. 36,292 approx

oc

kt

The rate of interest in a bank is 5% compounded annually. What should I invest per year to get
Rs. 6,00,00 at the end of 20 years?

ca

Ans - c
.............................................

iib

A firm has leased a leasehold property for 3 years on 1st January, 2005 for Rs.1,00,000 and his
decided to replace it by creating a depreciation fund. The rate of compound interest on
investments is 55 p.a. Calculate the annual depreciation (i.e. the amount to be invested).

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a. Between Rs. 30,000 and Rs. 31,000
b. Between Rs. 31,000 and Rs. 32,000
c. Between Rs. 32,000 and Rs. 33,000
d. Between Rs. 33,000 and Rs. 34,000

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Ans - b
.............................................
Cash discount is ...... (i) The allowance to expedite cash receipts and payments within a
specified period, (ii) It is a loss for the firm receiving the payment and again for the firm making
the payment, (iii) Discount allowed is entered on debit side and discount earned on the credit
side of cash book.
a. Only (i) and (ii)
…………………………………………………………………………………………………………………………………………………………………

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
…………………………………………………………………………………………………………………………………………………………………

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b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
.............................................

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The holding period for which interest rate risk disappears is not known as ...... (i) Safety of bond,
(ii) Duration of the bond, (iii) Maturity of the bond

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Ans - b
.............................................

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a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

If a bond is purchased at its current market price and if the coupon interest is received, the rate
of return on it is measured by ......

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a. Yield to maturity of bond
b. Current yield of bond
c. Current present value of bond
d. Future yield of bond.

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Ans - b
.............................................

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In perpetual bonds, only ...... paid. (i) Interest, (ii) Maturity
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
.............................................

…………………………………………………………………………………………………………………………………………………………………

www.jaiibcaiibmocktest.com, www.bankpromotionexams.com, www.onlyforbankers.com

261

....... 1. Sales journal b. Cash receipt in cash book d......com...ja iib a........ Rs....... ………………………………………………………………………………………………………………………………………………………………… www..... 60.jaiibcaiibmocktest. Nominal accounts Ans . Final entry c......jaiibcaiibmocktest...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 30...... www...bankpromotionexams.... 3. and is expected to last 4 years.30.. Both of the above d........000/c.. Calculate the depreciation for 1st year using sum of the digits Method.com.com....000/- . admin@jaiibcaiibmocktest. 30.onlyforbankers. 15....20. www.. General journal c.com.b .....c . www.com murugan0501@gmail...com..com.. Rs. oc Let me explain : D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4 = 10 Cost-Residual Value = 330000 ... ca Cash book is book of iib m 1st year = 4/10(300000) = 120000 2nd year = 3/10(300000) = 90000 3rd year = 2/10(300000) = 60000 4th year = 1/10(300000) = 30000 ... www...000/b......has residual value of Rs......... None of the above w Ans ..com.......... Rs.. 09994452442 262 .............a es t .000/.30000 = 300000 kt Ans . Rs....com.onlyforbankers. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m An asset cost Rs.....www.. Prime entry b. admin@jaiibcaiibmocktest....000/-.... w w The sale of business asset on credit is recorded in a.c o a..bankpromotionexams.000/d....

.. Yearly compounding b.1..& above b.. m Overdraft as per Cash book means iib m Ans ...com..bankpromotionexams...... www.jaiibcaiibmocktest.. Quarterly compounding d.........com murugan0501@gmail. w w w Cash cannot be accepted for issue of DDs/TTs/Rupee TCs from the customers for Rs..... Immediately b.20......& above c..com.c o es t a....... Monthly compounding kt If Rs....com.. ………………………………………………………………………………………………………………………………………………………………… www.. admin@jaiibcaiibmocktest..... After 7 days ...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... Half-Yearly compounding c. www.... Rs.000/......000/...d .. Rs... At the time of reconciliation d.... Credit balance in the bank column of the cash book c..............com.... on which one the interest will be highest? ca Entries for deposits of cheques into the bank are made by the customer in the debit side of cash book iib a. www..... Rs.......com. . a..onlyforbankers.......a .com.& above Ans .....com.....com..ja Ans .........& above d.. Credit balance in the cash book b...onlyforbankers......000/....www.00.50. oc a....... On their clearing c.. Neither of the two d.000/.... admin@jaiibcaiibmocktest... Both of the two Ans – a ........75.........jaiibcaiibmocktest...bankpromotionexams.......b . 09994452442 263 .... 50000 is lent at 10% interest.............. Rs. www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ...

..... (ii) and (iii) Ans ....... (ii) banks can accept interest free deposits in current account (iii) banks can't accept interest free deposits es t ....com.... admin@jaiibcaiibmocktest.. Only (i) and (iii) c... www..com... Rs.. www. Only (i) and (ii) b....onlyforbankers..jaiibcaiibmocktest. www......com.. www..............com.com......ja iib 2 = (5 x100) / Sales Sales = 500/2 = Rs...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...... No such limit Ans . Rs.. 150 Lac c. iib m oc a. (i)..... w w w The amount beyond which cash transactions (Receipts & Payments) are to be monitored by the Commercial Banks as stipulated by the RBI in its guidelines is a. 09994452442 264 ....jaiibcaiibmocktest... Find the amount of Sales........ Only (ii) and (iii) d..c ca Explanation : Net Profit Ratio = (Net Profit / Sales ) x 100 ..c o a.............. 250 Lac d.b .10 lacs & above d.com murugan0501@gmail......5 lacs & above b..........bankpromotionexams... admin@jaiibcaiibmocktest... kt Profit to sales is 2% and amount of profit is say Rs..8 lacs & above c. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which of the following are not true? (i) banks can accept interest free deposits..onlyforbankers.com... 350 lac Ans .. ………………………………………………………………………………………………………………………………………………………………… www....5 Lac....www...c ... Rs.com. 50 lac b.250 Lac ....com.....bankpromotionexams..

.. www.....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. admin@jaiibcaiibmocktest. 500000 d....... Rs.... w w w An asset cost Rs.onlyforbankers.c o a..onlyforbankers..com.... Error of Principle b...com...... iib a.00... Access log es t Ans – c .......ja Ans ....has residual value of Rs... 1. Audit Trail b...com murugan0501@gmail....... 16... Error of Omission d. Rs..... and is expected to last 5 years....bankpromotionexams...com.. kt Wages Paid for the erection of machine debited to wages Ac is iib m oc a....000/-... Amount d.... www.com.bankpromotionexams.......00. admin@jaiibcaiibmocktest. All of the above .....a .. Calculate the depreciation for 5th year using sum of the digits Method. www. Balance Sheet d.. Rs. Error of Mathematics Ans .......www..jaiibcaiibmocktest..com......com..... 100000 b. 09994452442 265 . www.b . a...com... Interest b. 700000 Ans .... ca Present value is equivalent to ........com... Principal amount c...jaiibcaiibmocktest.000/.... Rs...... Error of Commission c. Supplementary c.a Let me explain : ………………………………………………………………………………………………………………………………………………………………… www....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Which one of the following documents is not generated on EOD? . 300000 c.........

ja iib a.com...c o m D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4+5 = 15 Cost-Residual Value = 1600000 . www...100000 = 1500000 es t 1st year = 5/15(1500000) = 500000 2nd year = 4/15(1500000) = 400000 3rd year = 3/15(1500000) = 300000 4th year = 2/15(1500000) = 200000 5th year = 1/15(1500000) = 100000 ...... admin@jaiibcaiibmocktest.com. Rs. 22.jaiibcaiibmocktest.com.000 w Ans ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. oc iib m a. Encashment d... Mere delivery c. www.....400 due in years at 5% simple interest? . 112 d.... Rs......com.. ca What annual installment will discharge a debt of Rs....com...... 92..d Explanation: ………………………………………………………………………………………………………………………………………………………………… www.www. admin@jaiibcaiibmocktest..com.bankpromotionexams... Rs.............com...........000 c......000 b... Rs............... w w A 12% stock yielding 10% is quoted at: a...onlyforbankers. 20........... 110 c.... 09994452442 266 . 120 Ans .. 21.b ..onlyforbankers.....000 d..33 b. Endorsement & delivery b. www..... Rs. 83.com murugan0501@gmail.. www..a .jaiibcaiibmocktest.bankpromotionexams... Rs... 23..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..... Rs....com.. None of the above kt Instruments payable to order can be transferred or negotiated by Ans ........ Rs.

. 120..... 36....jaiibcaiibmocktest.c .. ....771 b..771 c...jaiibcaiibmocktest.com... es t A machine costs Rs. 120... 10.. w w A certain sum @4% simple interest per annum becomes Rs. money invested = Rs.bankpromotionexams. What amount should be retained out of profits at the end of each year to accumulate at 5% p.00.051 approx. oc kt a...120 approx. 09994452442 267 .... Ans – a ………………………………………………………………………………………………………………………………………………………………… www.... Rs. 100. Rs.com........ the trader paid him Rs.c . Rs.bankpromotionexams...c o Market value of Rs.771 ca A money lender lent some amount to a trader @ 8% p.31... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m To earn Rs.. 5.com. money invested = Rs.10.. 650 w Ans ..com.... 625 d. What will be the amount of installment per year to repay the loan in 3 years? a.com.onlyforbankers..... 610 c..771 d. Rs. Rs. with compound interest for 10 years to replace the machine by another one costing Rs.com.. admin@jaiibcaiibmocktest.11..000...a..... d......215 approx.. 5.. Rs.ja iib a..11... Rs.000 approx.000 and its effective life estimated to be 10 years Its scrap value is Rs..com....... www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. admin@jaiibcaiibmocktest.. 33......360 in 3 years..a..000? iib m Ans .. www.. 35.. c.....onlyforbankers. www.. .. 600 b. 700 in full payment of interest and principal amount........11.com...00. After 18 months. Rs.com murugan0501@gmail. 12. To earn Rs.. www........ Rs. 100/10x12 = Rs. Rs..... Rs.....www.. 34..... . 100 stock = Rs. Find out the sum lent by the moneylender.. Rs. 50.... b.......

2.c ....... Neither a nor b Ans ....com....jaiibcaiibmocktest... www.. Both a & b d.......... w w In FIFO method of inventory valuation a..........528 Ans – c .. 6.. It is intended to the benefit of current period d.c o a....jaiibcaiibmocktest.com... .......com. www.560 at 5% compound interest to repay in two equal Annual installments.www..... 09994452442 268 . iib m oc a........com... es t ... 3. Rs..com murugan0501@gmail....... 3..........bankpromotionexams. Rs.....com. Find the amount of each installment... Rs.......c .... 3. The amount is very small b...bankpromotionexams. ………………………………………………………………………………………………………………………………………………………………… www. The amount is paid in installments c.....onlyforbankers................... admin@jaiibcaiibmocktest...ja iib a.onlyforbankers....d ....285 c.. Revenue expenditure b......... Closing stock is at latest price b..com. Capital expenditure c.... An expenditure is a revenue expenditure because ... All of the above w Ans . www...... admin@jaiibcaiibmocktest....835 b........320 d.... Deferred revenue expenditure d... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m A person borrowed Rs....com. Rs..... Issue of stocks to production is at earliest price c... www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... ca An expenditure charged to P&L a/c over a period of 5 to 6 years is an example of ......... It is intended to the benefit of future period kt Ans ..com..

c o a....... Cash Flow statements b..... d...jaiibcaiibmocktest.. 5........... www.......... oc iib m a...com....... Personal Account b.com..com.. Compensation b.... Nominal Account d...com. To reduce tax burden.......a .... Thomas were taken into stock. To allocate true profit. None of these kt Bills receivable is a Ans ..... Omission d..c .. Ans .. es t ..... www.com..com murugan0501@gmail.....com... admin@jaiibcaiibmocktest.....bankpromotionexams..... but no entry was passed... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Goods worth Rs.. Valuation of Inventories c... ca Accounting standard AS 3 deals with .....onlyforbankers.....b .............onlyforbankers.......000 returned by Mr.... Accounting for investments w Ans .jaiibcaiibmocktest.... 09994452442 269 ........com. Commission c.. Depreciation Accounting d... www.a ............ w w The main objective of providing depreciation is a.ja iib a. To show the true financial position in the balance sheet.. www... admin@jaiibcaiibmocktest... b.. To provide funds for replacement of fixed assets.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...... c..com..... This is an error of .............www.. ………………………………………………………………………………………………………………………………………………………………… www......bankpromotionexams..... Real Account c. Principle Ans .

.a ..onlyforbankers.. Single Entry System b... www. w w Professional fees paid in connection with acquisition of leasehold premises a.. Liabilities-Rs. Rs........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. Rs...... none w Ans .........com..... then Capital. Deferred revenue expenditure c.80...com murugan0501@gmail.000 c.com....1. www. Rs.. the cash column in the cash book of a customer d.bankpromotionexams. Neither a nor b Ans ......... Revenue expenditure d.40.onlyforbankers........ admin@jaiibcaiibmocktest........ Double Entry System c.....www.. 09994452442 270 ........... www. admin@jaiibcaiibmocktest.............80. ca The Pass book of an account holder is the copy of . an account is debited and some other account is credited...... in every transaction... the bank columns in the cash book of the account holder b.... es t .jaiibcaiibmocktest.b .. the relevant account in the books of a bank c.com..... kt Assets-Rs.bankpromotionexams..com.. www.......c o a..4.....000. iib m oc a..ja iib a..000..1.. Both a & b d....3...b .com.. Current expenditure Ans ......com...000 Ans ...b ....000 d.......jaiibcaiibmocktest...... Capital expenditure b..60... ………………………………………………………………………………………………………………………………………………………………… www.........60.1. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Under which system...4..20.com.......000 b............com......... Rs..

.. the Principal Amount = 250/5*100 = 5000 ………………………………………………………………………………………………………………………………………………………………… www...000. Rs. for 1 year @ 5% = 500/2 = 250 So....9. Credit Cash a/c Rs.50 w w Ans ..com.50 d... oc kt Purchased a printer having price as Rs..bankpromotionexams..c Let me Explain : Let us first find the principal Amount Simple Interest for 2 years @ 5% = 500 So.1..500.000...... d.. www....com. ca Ans – c .000. Credit Cash a/c Rs. 5152....c o a.onlyforbankers.10....ja a.000. Credit Cash a/c Rs....000.. 5125. Debit Office Equipment a/c Rs.9... Credit Discount Received Rs..000. Credit Discount Received Rs. www.. admin@jaiibcaiibmocktest.9. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Entries for issuance of cheques are made immediately by the customer to the credit of cash book..com...com murugan0501@gmail.. Debit Office Equipment a/c Rs..com..com. 09994452442 271 . The entry for this will be iib m a. Debit Purchases a/c Rs.. www. Find the total amount for the compound interest on the same principal.10.......jaiibcaiibmocktest.... but the bank debits the customer account es t .000 at a discounted price of Rs.9. c.jaiibcaiibmocktest.com..000. w . admin@jaiibcaiibmocktest. Rs.... on presentation over counter c. Rs..9...bankpromotionexams.www. immediately b... rate of interest and for the same period is. www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. on presentation in clearing d.50 b.000. for two years is Rs..000.....com.000.....1..9. 5521..... Debit Purchases a/c Rs..9...com.... Credit Cash a/c Rs..10.50 c.. on presentation at counter or in clearing Ans..... d ..onlyforbankers.a. b.000. iib Simple interest on a sum at 5% p. Rs..... 5512.

..com..bankpromotionexams............com - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... www..05)^2 = 5000 (1.www..... None w Ans .... Can be opened after permission of zo..jaiibcaiibmocktest. 09994452442 ………………………………………………………………………………………………………………………………………………………………… es t ... Deferred capital expenditure d..... www... 09994452442 272 . d....onlyforbankers...com.. b......... it is ..com.. balancing error d......a for 2 years is : Rs. Total Amount on Rs.... Ans . none Ans . 5000 at 5% p.. Can be opened after obtaining trust deed.......... m Facebook Groups kt Debit balance in the cash books means iib m oc a....... www..com murugan0501@gmail.. admin@jaiibcaiibmocktest..c o Now let us calculate.. Capital expenditure c..b .... 5512... www... overdraft b.a for 2 years A = P(1+r/100)^n = 5000 (1+5/100)^2 = 5000 (1... favourable balance c. w w Accounts in personal names indicative of trusteeship capacity of a/c holders a.... admin@jaiibcaiibmocktest...... ca The benefit of an expenditure incurred is of long duration and its purpose is to increase the earning capacity of the business. compound interest on Rs......d ....50 So. Should not be opened.....onlyforbankers...b ..... Revenue expenditure b..com..............com..........com......jaiibcaiibmocktest...1025) = 5512....bankpromotionexams.. 5000 at 5% p...................50 ..com.. Can be opened after permission of ho. ………………………………………………………………………………………………………………………………………………………………… www.... c...com.....ja iib a.

...com.bankpromotionexams. (iii) the concerned Regional Language w w w a..... admin@jaiibcaiibmocktest.... (i) a claim is lodged with the issuing bank within 30 days of the date of the transaction..... in . . In case of joint account................com....... (ii) a claim is lodged with the issuing bank anytime es t a. (ii) and (iii) oc Which of the following are not considered as main functions of a Modern commercial bank? (i) Equipment Leasing.. (ii) by all the authorised signatories a..www.. Only (i) b..... www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. (iii) MMMFs ca Ans . revoking of stop payment of cheque should be authorised by . Only (ii) c..onlyforbankers.com... (i).... (i).............. (i) only primary customer..... etc.. (ii) Hindi. Only (i) and (iii) c...... www.com murugan0501@gmail...... www. Only (i) and (iii) c.Money Market Mutual Funds .onlyforbankers..b MMMF .com.... Either (i) or (ii) d.com..... Only (ii) and (iii) d...........com.....bankpromotionexams... www.. (ii) Dealing in securities. Only (i) ………………………………………………………………………………………………………………………………………………………………… www... (ii) and (iii) Ans .d ....a .. admin@jaiibcaiibmocktest.jaiibcaiibmocktest.......com. Neither (i) nor (ii) kt Ans . iib m a..... Only (ii) and (iii) d... pay-in-slips... 09994452442 273 ... (i) English. passbooks..c o m Any customer is entitled to receive compensation for delay in resolution of ATM customer complaints. 09994452442 ………………………………………………………………………………………………………………………………………………………………… ........jaiibcaiibmocktest..ja iib Banks should make available all printed material used by retail customers including account opening forms.. Only (i) and (ii) b.. Only (i) and (ii) b.. only if ......com........

..400 A and B share profits in the ratio of 4/5th and 1/5th... There is no relevance between the two d.......600 b. Rs.. 7..com.. None of the above Ans ..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… . Rs..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..b .c o m b...jaiibcaiibmocktest..... Debit side of the pass book.. C is admitted for 1/2 share.....500 shares at Rs.... iib ca a... ………………………………………………………………………………………………………………………………………………………………… www...... admin@jaiibcaiibmocktest.........b ..b .....120 c. Either (i) or (ii) d.. oc kt a.....bankpromotionexams.......... Rs........12 per share in the open market...com.... 4 : 1 : 5 c....500 d.. The company declared a dividend of 8%.. 5 : 4 : 1 .... 9.......... 10....com murugan0501@gmail.bankpromotionexams... Rs.......... admin@jaiibcaiibmocktest.......com....... 9. Both (i) and (ii) Ans . www... w w w Under casting of the credit side of Cash Book has the same effect as over casting of the ......a .. 5 : 1 : 4 d.. www.onlyforbankers.onlyforbankers. the face Value of shares being Rs.. Only (ii) c.. Credit side of the pass book.ja Ans .. es t A man purchased 9. What amount of dividend will he receive? iib m Ans .....com. 09994452442 274 ......com........com..... The profit sharing ratio will be.. 1 : 5 : 4 b.com..jaiibcaiibmocktest... www.......... 11.. c.www. a... b. www..............com.

..... 10.. 1.......com murugan0501@gmail...000. . a..60.onlyforbankers... 1.. Rs.com. the machinery was sold for Rs....... 09994452442 ………………………………………………………………………………………………………………………………………………………………… ..ja iib Mr..000 c.. Rs...000 b. www....000 Ans . If depreciation is charged on straight line method.... assuming that the books are closed on 31st December.. its effective life being 5 years and scrap value at the end of 5 years Rs.com...onlyforbankers....000 d. 25... 40. 1 lakh..com.. on original cost........ The machine is depreciated at 10% p.... calculate the amount Profit/loss on the sale of the car. iib m a...... 1... 2. 30.00.... X Purchased a machinery for Rs.. www.www.... The car was sold on 1st July 2014 for Rs..c o m Mr...c . 35. oc A company purchased a car for Rs. Rs...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... Profit Rs.000....00. 1....bankpromotionexams. Rs.. 14. On 1st July 2014.. Loss Rs.. www.... (-) Rs. Profit Rs.. Rs.000 c. es t a.000 kt Ans ...000 b. Rs..bankpromotionexams..jaiibcaiibmocktest... 09994452442 275 ......000. 45.com. under written down value method. 10..a. www........000 on 1st January 2013.000 on 1st January 2012.. The machinery is sold at the end of 3rd year for Rs. Freight paid on a machine for bringing it to factory is.....20. Loss Rs.000 b... 12..com.000 d.000 ca Ans – d . What is the amount of loss to be written off. X purchased a machine worth Rs...000.... admin@jaiibcaiibmocktest.b . 18.... Capital expenditure b. 2...jaiibcaiibmocktest... (-) Rs... admin@jaiibcaiibmocktest.com. Revenue expenditure ………………………………………………………………………………………………………………………………………………………………… www.com. Depreciation is charged at 20% p... 18. what is the profit/loss on this sale? w w w a....000 d. 16.a..com.000 c...

....bankpromotionexams...a .... None of the above ...... 2000 at 25/4% per annum for the period from 4th Feb 2015 to 18th April 2015 oc kt A...... Holding Company d...........com...... www... a.com murugan0501@gmail... w w A company incorporated out side India but has a place of business in india..ja iib Time = (24+31+18) days = 73/365 years = 1/5 years P = 2000 R = 25/4% S.. Rs 40 Ans . www...I...onlyforbankers.A ca iib m Explanation: One thing which is tricky in this question is to calculate the number of days..... Rs 30 C.com............jaiibcaiibmocktest.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... Rs 35 D..... Foreign Company c... 09994452442 276 .......c o Ans .. admin@jaiibcaiibmocktest....... Statutory Company b..com......com....b ..... Rs 25 B... = 2000*25/4/5/100 = 25 ....com.jaiibcaiibmocktest..www... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c. w ... Deferred revenue expenditure d...... es t Find the simple interest on the Rs.. ………………………………………………………………………………………………………………………………………………………………… www.. www. Always remember that the day on which money is deposited is not counted while the day on which money is withdrawn is counted....... www. is termed as ......com... admin@jaiibcaiibmocktest.onlyforbankers..com.. So lets calculate the number of days now......... Subsidiary Company Ans ....com.bankpromotionexams..

.....jaiibcaiibmocktest..com. . destroys computer data. www. www... 56290 d..bankpromotionexams. 16000 by the end of each year @ 10% ROI..com murugan0501@gmail.com..... Hardware virus c... Only (ii) and (iii) d........ Computer virus d......... X opened a recurring account with a bank to deposit Rs...... Only (i) and (iii) c...... ....b . 52960 c..onlyforbankers.... (i) Raju's account.com.. Ans is 52960.. None of the above es t Ans ....www.... Return of goods from a customer should not be credited to ... 52690 b...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.... (ii) and (iii) Ans . 09994452442 277 ... www........ (i)...... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m ..... admin@jaiibcaiibmocktest.....com. 56920 Ans ..... Here C is given..........com.c .ja Wages paid to Raju should not be debited to.. (ii) Wages account. ........ Only (i) and (ii) b. (iii) Goods account a....bankpromotionexams...onlyforbankers... (i) Customer account. How much he would get at the end of 3rd year? iib m oc a.... admin@jaiibcaiibmocktest..... Software virus b....c o a.....com.... Only (i) and (ii) ………………………………………………………………………………………………………………………………………………………………… www..... (ii) Sales return account.com.b iib ca Hint: Use FVOA formula to find FV..... (iii) Cash account w w w a....... kt Mr..com. www.jaiibcaiibmocktest...

... Ans .....c ..bankpromotionexams.ja a. (i)...com.... Only (i) and (iii) c....com murugan0501@gmail..com... 09994452442 278 ..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 208...... Only (i) and (ii) b...com... 286.... Ans is 208......c .a Hint: ca Use FVOA formula to find C....com... www... Which of the following are the Para banking activities permitted for the banks? (i) Primary Dealership Business.. admin@jaiibcaiibmocktest..16 .. (ii) Investment in VCFs... 18 c.... 10 b.. (iii) MMMF a.......com... 09994452442 ………………………………………………………………………………………………………………………………………………………………… .06 iib m Ans .......... 21 d. www....16 b.. es t If you wish an annuity to grow to Rs.. Only (i) and (iii) ………………………………………………………………………………………………………………………………………………………………… www. admin@jaiibcaiibmocktest. (ii) and (iii) Ans .. Here FV is given.jaiibcaiibmocktest..... w w w . Only (ii) and (iii) d.jaiibcaiibmocktest...com....com.www..com..... 25 iib According to Indian Minority Act...bankpromotionexams....onlyforbankers..... a minor whose guardian is appointed by the court..06 c.. 268.. 218............ www...c o m b.. continues to be a minor upto the age of ...16 d........... 17000 over 5 years so that you can replace your car. what monthly deposit would be required if you could invest at the end of month @ 12% compounded monthly? oc kt a... www.....onlyforbankers....

.com....com.... ...... www.... (ii) and (iii) oc kt Which of the following are true in case of Basic Savings Bank Deposit Account (BSBDA)? (i) it shall not have the requirement of any minimum balance...com murugan0501@gmail.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... admin@jaiibcaiibmocktest.jaiibcaiibmocktest.d es t VCF . 12390 b....Money Market Mutual Funds .......onlyforbankers.............d . Only (ii) and (iii) d.. (iii) no charge will be levied for non-operation / activation of in-operative 'Basic Savings Bank Deposit Account' ca Ans ............. 13920 iib How much money will a student owe at graduation if she borrows Rs...com.Ventura Capital Funds MMMF . 09994452442 279 .bankpromotionexams... (ii) and (iii) ......com...... www.... Here C is given... (ii) account holders will be allowed a maximum of four withdrawals in a month.bankpromotionexams....ja a...com. 3000 per year @ 5% interest during each of her four years of school? w Ans .. Only (i) and (iii) c... www.......com.......onlyforbankers.com..... 12930 c.... iib m a.jaiibcaiibmocktest. Ans is 12930 . Only (i) and (ii) b..... (i).com.. 13290 d. (i).. ………………………………………………………………………………………………………………………………………………………………… www..........c o Ans .... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c.... admin@jaiibcaiibmocktest..www. www.. Only (ii) and (iii) d..b w w Hint: Use FVOA formula to find FV....

.c ....com.... Schedule VII d......com..... of the companies Act prescribes the form of balance sheet........com............ Schedule V b.... ca Final accounts of a limited company consist of .......... Both a and b w Ans – d . Profit and Loss account c. w w ......... (ii) and (iii) Ans .....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.............bankpromotionexams.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m All cheque forms should be printed in .... New Ratio . New Ratio c.. (iii) the concerned Regional Language es t .... a...........com.............. (i) English....com murugan0501@gmail...... . Only (ii) and (iii) d..... Old Ratio b..... www.. ………………………………………………………………………………………………………………………………………………………………… www.. www.. www...bankpromotionexams.....com..jaiibcaiibmocktest.... (i). oc iib m a.c o a.ja iib a..onlyforbankers.a ....New Ratio d...com... Schedule VIII Ans .. Old Ratio ... Schedule VI c.b ...com... admin@jaiibcaiibmocktest.....www.jaiibcaiibmocktest.... www...... 09994452442 280 .......... (ii) Hindi... Only (i) and (iii) c...onlyforbankers...com.. Trading account d..Old Ratio kt Sacrificing Ratio is equal to Ans ................. admin@jaiibcaiibmocktest.. Balance Sheet b. Only (i) and (ii) b.

bankpromotionexams.. www.. pays annual coupons.. 942..b . Rs.ja a. your required return on equity investments is 15% and the stock is expected to be worth Rs........ 68.com..com...24 ca Ans .. 1..... Rs.... money is borrowed for .. www.. 3 per share.com. Rs. What would you pay for a share of ABC Corporation stock today if the next dividend will be Rs...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.......... Rs... Rs.86 b.. and the yield to maturity is 7.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m In money at call and short notice..12 ………………………………………………………………………………………………………………………………………………………………… www.com...onlyforbankers..... 1 to 5 days b.... 1 to 14 days d. iib m a..... 975 c. admin@jaiibcaiibmocktest. Rs..000 face value and a coupon rate of 8%.a . 1. www... 1 to 21 days es t Ans .com.. admin@jaiibcaiibmocktest...com... 1.bankpromotionexams.. If the bond has a life of 20 years..... 734......jaiibcaiibmocktest.... Rs........051 w w Ans ...... 1. what will the bond sell for? w . www. 1...... 09994452442 281 ..020 d.www..90 d. 60.26 c.. 1.... oc kt What is the market value of a bond that will pay a total of fifty semiannual coupons of Rs....jaiibcaiibmocktest.135......com...c o a.... iib ABC Company just issued a bond with a Rs.onlyforbankers.c ..5%... 90 one year from now? a. 1 to 7 days c....315.....00 b. 80 each over the remainder of its life? Assume the bond has a Rs.com..... Rs. 951 b.. Rs.. Rs...com murugan0501@gmail..000 face value and a 12% yield to maturity..

...000.. 15.. Assets = Rs..bankpromotionexams...com... www.... Rs.... 65.. 25..000 c.........................com... None of the above ca a... None of these iib Ans ..... ………………………………………………………………………………………………………………………………………………………………… www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. 5.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m c... kt a..... 09994452442 282 .. Rs. Rs.000......Capital = 80000+65000 = 15000 .com..ja Capital = Rs..com murugan0501@gmail......com.87 ..c .www.. www... Columnar petty cash book c..com...... admin@jaiibcaiibmocktest...26 d.. Rs....c ......000 Ans ....c o Ans .80........ then Liabilities = Rs.. www. w w w a... es t Errors which affect one account can be iib m Which is not a type of petty cash book are oc Ans .000 b. Rs.... 80.. 78........ ... Two columnar petty cash book d... Rs.. Errors of posting d..d Solution : Assets = Capital + Liabilities Liabilities = Assets .. 35.com....onlyforbankers............... Errors of full omission b.000 d......... www.........c . admin@jaiibcaiibmocktest..jaiibcaiibmocktest..... Simple petty cash book b..jaiibcaiibmocktest.com.............bankpromotionexams...onlyforbankers..com.... Errors of principle c...

...onlyforbankers.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Cash book is book of ...jaiibcaiibmocktest.......bankpromotionexams...... (i).com.c o a..........onlyforbankers........ (ii) Drawings account. Only (ii) and (iii) d. 350000 in 5 years.... kt The sale of business asset on credit is recorded in ... www.com...... (i) Proprietor's account.. (ii) and (iii) w w w Ans .....www..... (ii) Final entry ......d . Determine the annual savings required to purchase the earthmover if the return on investment is 12%.. Only (i) and (iii) c.... a...... Only (i) b.... Only (i) b. Both (i) and (ii) es t Ans .......... ca The amount brought in by the proprietor in the business should not be credited to ..ja iib a.....com. Only (i) and (ii) b... www. www. (ii) General journal iib m oc a.........a .bankpromotionexams.. 55093 c..... Both (i) and (ii) Ans . Either (i) or (ii) d.... Either (i) or (ii) d....com murugan0501@gmail...........com.. admin@jaiibcaiibmocktest. Only (ii) c... admin@jaiibcaiibmocktest. 59053 ………………………………………………………………………………………………………………………………………………………………… www. (i) Prime entry......com.. (iii) Capital account ..... 09994452442 283 ..... Only (ii) c. A construction company plans to purchase a new earthmover for Rs.. 50593 b...com.. 50953 d..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. (i) Sales journal ...b ... www.com.....com.jaiibcaiibmocktest....

.... Only (i) and (iii) c.... oc kt a.......... Sources of funds have been used for payment of current liabilities c.... 2..225 b...450 d.. es t A truck cost 8.com....................... admin@jaiibcaiibmocktest.....c o Hint: Use FVOA formula to find C. 4.com....jaiibcaiibmocktest...com.. www... 09994452442 284 .... Here FV is given........com.900 with a residual value of 500.. (iii) Discount account iib a.......com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail. admin@jaiibcaiibmocktest...................... ………………………………………………………………………………………………………………………………………………………………… www.... www..bankpromotionexams....com.... it is estimated the useful life of the truck is 4 years.....ja Ans ..onlyforbankers...400 ca In case of a bad debt... Ans is 55093 .jaiibcaiibmocktest.. The amount of depreciation expense in year 2 by using the declining balance at twice the straight line rate is. 8.. (i) Bad debt account.. Which of the following is certainly true? a.c ........ Sources of funds have been used for payment of current assets d.. (ii) Customer account. Only (ii) and (iii) d.......www.com.... (i)... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans .com.. (b) & (c) both Ans ... 4..d .bankpromotionexams. the amount should not be debited to.. Only (i) and (ii) b. iib m Ans – c . w w w The debt-equity ratio of a firm has shown increase (increase in long term sources) along with its current ratio..onlyforbankers. www......... www.. Sources of funds have been utilised for purchase of fixed assets b...200 c.................. (ii) and (iii) .....b .com...com murugan0501@gmail........

com.........com. admin@jaiibcaiibmocktest. Now it increases the no..... Opening Stock .. As a result of this. of units produced to 5000...Rs..... debt-service coverage ratio w w w Ans .www. 10500 c....... Find other expenses.com.Rs... A firm has been producing 4000 units of an item with its break even at 2000 units.jaiibcaiibmocktest.c o a... 1000 d... admin@jaiibcaiibmocktest.... debt-equity ratio b..com murugan0501@gmail. www. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Strict adherence to KYC norms is achieved through ........ Sales ...com.. www..... Strict Implementation of the Banks Systems and procedures while opening the accounts d. kt Cost of the goods ...b .. www..bankpromotionexams....d ....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.. current ratio c.. 112500.. 3000 b. 99000.... 13500.....ja iib a.com..... of units ? a........ All of the above es t Ans – d .. Identification of customers with appropriate documents c..... 75000. 2000 c...... 24000 Ans ......Rs..... Purchases . nil ………………………………………………………………………………………………………………………………………………………………… www.. ca A term loan of a firm has been rescheduled by the Bank.......... quick ratio d..Rs.com... iib m oc a...onlyforbankers..com..... which of the following has been affected? . 10000 b. Following the statutory authority guidelines b. 13500 d. .... 09994452442 285 ..... www..jaiibcaiibmocktest.....bankpromotionexams.com..... What is the change in the break even no..onlyforbankers..

jaiibcaiibmocktest.........a .......com..000 to B after 1 year.. (ii) and (iii) oc kt Ans .. A loses Rs. 1.......www...... . No transaction is to be permitted for the first six months till the customer is fully know to the bank d.com..d .bankpromotionexams....100. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Ans ....... ………………………………………………………………………………………………………………………………………………………………… www..... B asks A to pay Rs... Detailed verification of Customer Profile as received from the earlier branch is to be done with caution and if required fresh details are to be obtained b..... admin@jaiibcaiibmocktest.... Fresh details are to be obtained and a fresh customer profile is to be prepared c..... .com.....com murugan0501@gmail...a............ in this new mode of payment .. www.bankpromotionexams....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....... B gains Rs...onlyforbankers.. 734 c....... 09994452442 286 . (i). www.. A agrees to it. 11. 1. iib Ans .....b .. Only (i) and (ii) b.com.. 22.....com.com.. Counting the rate of interest at 10% p. ca a....... iib m A has to pay Rs... Which one of the following is/are correct in this regard? w w w a...... (ii) Sales........a .100 d..com.. Only (i) and (iii) c. www.jaiibcaiibmocktest.........onlyforbankers.. A gains Rs....... Only (ii) and (iii) d...... A gain Rs...c o Receivables period is not worked out on the basis of. www... Detailed verification is not needed but the account is opened immediately and informed to the customer Ans .............000 in cash Immediately and defer the payment of Rs. admin@jaiibcaiibmocktest..com.. 734 b..ja While accounts are transferred from one branch to another. (i) Cost of production. (iii) Cost of sales es t a....... the receiving branch is expected to comply with KYC Norms.000 for 2 years.... 11..............

90 Ans ......onlyforbankers.. Bank’s respective authority c. Organisation Chart of the company m While opening an account in the name of a company.bankpromotionexams..jaiibcaiibmocktest. ………………………………………………………………………………………………………………………………………………………………… www. RBI b.... kt Max permissible LTV ratio for individual housing Loans Above 20 Lacs & upto 75 Lacs is .c o es t a..b .com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.b ..ja iib a.......................... www.... admin@jaiibcaiibmocktest. 09994452442 ………………………………………………………………………………………………………………………………………………………………… .. www. www.......... 75 b.......... w w Max permissible LTV ratio for individual housing Loans Above 75 Lacs is . 80 c.jaiibcaiibmocktest.com......... the following document/s is/are to be obtained …… Ans ...................... Ministry of Finance d............ Memorandum and Articles of Association of the Company b......com......bankpromotionexams...... www..... 80 c.. 09994452442 287 .. % a..... ....... 90 Ans ............ Roles and responsibilities of the Company d..com.......com murugan0501@gmail. 75 b...a .........www..com....com...... 85 d...........onlyforbankers..... ca The branches of commercial banks should report suspicious transactions to . 85 d... admin@jaiibcaiibmocktest.com... None of the above w Ans .. Instructions of the Registrar of the Company c.com.... % iib m oc a..a ..

....250 in 5 years. 30.has residual value of Rs..... 3. 60.... 5% Ans ... 4% d..000......... 1100 as interest in 2 Years and 9 months? es t ... Rs......000.. and is expected to last 4 years.. 2.... 5% b.. 10000 earned Rs. 3. admin@jaiibcaiibmocktest.com.000/c... www.. Rs. iib An asset cost Rs. Find the sum and the rate of interest.www.... 6% ca Ans . 3% c. ………………………………………………………………………………………………………………………………………………………………… www.. Rs.com. oc kt A sum of money at simple interest amounts to Rs. www... 5% d...c .500.bankpromotionexams........20.. 90..500....b ..com.... 2. www......000/-.. Rs. admin@jaiibcaiibmocktest.. iib m a..000/- w w w Ans ..com..b Let me explain : D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4 = 10 1st year = 4/10(300000) = 120000 2nd year = 3/10(300000) = 90000 3rd year = 2/10(300000) = 60000 4th year = 1/10(300000) = 30000 ..jaiibcaiibmocktest.... Calculate the depreciation for 2nd year using sum of the digits Method. Rs......30.800 in 2 years and to Rs...com.com.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail... ......000/....com. 1...com murugan0501@gmail.. 6% c.. 2.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m What annual rate of simple interest was paid if Rs.....000/b..jaiibcaiibmocktest..c o a.bankpromotionexams..onlyforbankers.. Rs.. 3.. www... 2% b. 3..... 30.....onlyforbankers... 09994452442 288 . Rs.000/d..com........ja a. Rs.....

d .... 50000 b....jaiibcaiibmocktest.... 70000 d.... Its Break even point units are 2000....c o A.. Sleeping Partners d. If variable cost is Rs..onlyforbankers....... In this case proper classification isa.bankpromotionexams... www... Working Partners Ans ... www.........60.... A company has issued partly convertible debentures for Rs.... 60000 c. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m If a sum of money doubles itself in 8 years at simple interest........www.100...com.5 es t Ans . www.... 13 D. Rs.... Rs 100 lacs as Term Liability ………………………………………………………………………………………………………………………………………………………………… www... Quasi Partners c.... 13.....jaiibcaiibmocktest...... kt Explanation: iib m A company had selling price per unit of Rs......... 100 lacs of which 40% is compulsorily convertible to equity.bankpromotionexams.. Rs.. .. what is the fixed cost? ca a.. Rs..ja Nominal Partners are also called as w w w a...... www.. Active Partners b....onlyforbankers.... 80000 iib Ans ...com...b ...com. the rate percent per annum is ..5 C..5 .com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..com murugan0501@gmail.....com.... Rs.. 09994452442 289 . admin@jaiibcaiibmocktest....b oc Let sum = x then Simple Interest = x Rate = (100 * x) / (x * 8) = 12...com. admin@jaiibcaiibmocktest...com........com.. 12... 12 B..com.

www.com murugan0501@gmail.onlyforbankers. if fixed cost is Rs. Previously the Break even point units were 2000 and now 2667. 1...jaiibcaiibmocktest. www. Rs 60 b..... which it had been selling at Rs...com.......a .100000 = 1500000 1st year = 5/15(1500000) = 500000 2nd year = 4/15(1500000) = 400000 3rd year = 3/15(1500000) = 300000 4th year = 2/15(1500000) = 200000 5th year = 1/15(1500000) = 100000 ...jaiibcaiibmocktest...com. 100000 b.... Rs. www.... es t An asset cost Rs.. 09994452442 290 ........com... and is expected to last 5 years.100 earlier.com.c o m b.... Rs..... w w w A company is forced to sell its product at Rs.00.. Rs 40 lacs net worth and Rs 60 lacs Term Liability Ans . 09994452442 ………………………………………………………………………………………………………………………………………………………………… . Rs 60 lacs equity and Rs 40 lacs Term Liability c. Rs. 80000/-? a.com.bankpromotionexams.....www...com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail......has residual value of Rs.....000/....... Calculate the depreciation for 3rd year using sum of the digits Method....... 16....a .. oc kt a. www.... 90 due to competition....30 Ans ..40 d....00.... 700000 iib m Ans ....... ………………………………………………………………………………………………………………………………………………………………… www.......ja iib ca Let me explain : D = (nth/E(sigma)n)(cost-Residual Value) E(sigma)n = 1+2+3+4+5 = 15 Cost-Residual Value = 1600000 ... Rs.000/-.com.. 500000 d. Classification depends upon the period of payment of debenture d... Rs....bankpromotionexams.......com.. Rs. Rs 50 c............. 300000 c. There is no change in the variable cost...b .com. admin@jaiibcaiibmocktest....onlyforbankers. admin@jaiibcaiibmocktest... What is the variable cost.

......a ...com murugan0501@gmail... depreciation amount will not ..onlyforbankers. Preparation of final accounts kt Errors of part omission do not permit Ans ... w w w Under the diminishing balance method depreciation.... It is ...... A clerical error b...... www. unpaid share capital c................bankpromotionexams.. The trial balance to agree d.. A mathematical error es t Ans .. admin@jaiibcaiibmocktest. ca The term Quasi Equity refers to- iib a.... Only (i) and (iii) c......com.........com.. www...........jaiibcaiibmocktest....bankpromotionexams.. oc iib m a.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...jaiibcaiibmocktest..com.... (i). (ii) and (iii) Ans ...... 2000 has been debited to General Expenses ac............a . capital reserve d..... (i) Increase every year........... www..... Only (i) and (ii) b...com.....com....b . www..... Correct totaling of the Balance sheet b. admin@jaiibcaiibmocktest.....ja Ans ............com. unsecured loans from friends and relatives b... (ii) Remain constant every year.c o a. all of the above .... An error of omission d..... Only (ii) and (iii) d..www... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Purchase of office furniture for Rs...com. (iii) Decreases every year a......... ………………………………………………………………………………………………………………………………………………………………… www.... An error of principle c.onlyforbankers..c .. Correct totaling of the Trial Balance c... 09994452442 291 .......com....

jaiibcaiibmocktest...c o a...jaiibcaiibmocktest.com......com.. 879.onlyforbankers. Calculate the amount of monthly payment? .. Ans is 879.......07 So.. oc Let the principal be P and rate be R.29 Ans ....bankpromotionexams...com.d kt Explanation: iib m Ratio = [(P∗R∗6100):(P∗R∗9100)] =6PR:9PR =2:3 .29 d....07 = 41388.... = 10/1200 = 0. www.29 . 1:2 b. admin@jaiibcaiibmocktest..bankpromotionexams. 897.....com murugan0501@gmail.. 25000 immediately and another Rs.07 T = 5 × 12 = 60 months and R = 10% p....com.... 798......a w w w Hint: Present Value of 20000 for 2 years @ 10% = 20000 ÷ 1.com.. 789... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years.www... 2:2 d.... es t .a. apply EMI formula.. total amount today= 25000 + 16388.com. 09994452442 292 .....ja iib a......29 c.... 2:1 c.. then ca A person wants to borrow Rs..... ………………………………………………………………………………………………………………………………………………………………… www.onlyforbankers. www. admin@jaiibcaiibmocktest... He wants to pay it in monthly installments for 5 years..29 b.0083324 = 16388. www..... www. 2:3 Ans.. 20000 after a period of 2 years @ 10% interest..00833 Now....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....com..com.

None of the above iib m oc a..com........ Low capacity utilisation b.b ............ www................ Better capacity utilisation c..... 09994452442 293 . www.....c o a.a ............ ca Stock-in-process period is worked out not based on.com...com. (iii) Cost of production . (ii) Cost of sales.. Only (i) and (ii) b...bankpromotionexams.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..... Only (ii) and (iii) d.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Assets turnover ratio of a company is increasing. Increase in liquidity d.www..... (i) Cost of production..jaiibcaiibmocktest.. admin@jaiibcaiibmocktest. which indicates... (i).com.onlyforbankers.......com murugan0501@gmail..com..... Only (i) and (ii) b. None of the above Ans – b . kt Raw material consumed is calculated as. Only (i) and (iii) c. admin@jaiibcaiibmocktest.ja iib a.. Opening stock plus purchases less closing stock of raw material c...... (i)...........jaiibcaiibmocktest..onlyforbankers. Only (i) and (iii) c........ Ans ..com... www. (ii) and (iii) w Ans .bankpromotionexams....com. Opening stock plus purchases b... es t ......... w w Creditors' period is worked out on the basis of..... (ii) Purchases..... Purchases less closing stocks d..com.. (ii) and (iii) Ans – b ………………………………………………………………………………………………………………………………………………………………… www. (iii) Cost of sales a............ (i) Raw material consumption..... www... Only (ii) and (iii) d....

com... Only (i) and (iii) c....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail...com murugan0501@gmail... Only (i) and (iii) c......com...... (ii) and (iii) oc kt Which of the following are permitted para banking activities? (i) Mutual Fund Business........ Only (ii) and (iii) ………………………………………………………………………………………………………………………………………………………………… www...com....... Only (ii) and (iii) d. (iii) Primary Dealership Business ca Ans ..... (iii) Head Office a.. (ii) Regional Office..... Only (i) and (iii) c.bankpromotionexams.... iib m a.... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Submission of audited balance sheet audited by Chartered Accountants.com.onlyforbankers. 1 lac and above b.............. Rs...c o a. Rs.......... (ii) and (iii) w w Ans .. Only (ii) and (iii) d...... www.......com.. www...c .onlyforbankers. Rs.. (ii) Money Market Mutual Funds..d .. admin@jaiibcaiibmocktest.... (ii) Purchasing and Sale of Securities..www..ja a... 10 lac and above d.. www. Only (i) and (ii) b.....jaiibcaiibmocktest.. (i).. admin@jaiibcaiibmocktest.... by the borrowing units is mandatory if the amount of credit limits from banking system is.. Only (i) and (ii) b..... (i).....jaiibcaiibmocktest. (iii) Acting as Representative and Correspondent w . Only (i) and (ii) b.. es t . 09994452442 294 . 50 lac and above Ans ..com... Which of the following are called as Back-offices? (i) Bank Branch. Rs. www..........com.d .. iib Which are of the following are functions of a bank? (i) Collection and Payment of Credit Instruments. 5 lac and above c..com...bankpromotionexams....

....jaiibcaiibmocktest. Only (ii) and (iii) d..www. 09994452442 295 .c . www.........com murugan0501@gmail.com. Only (i) and (iii) c. What is the Net Worth ? b............onlyforbankers. admin@jaiibcaiibmocktest. (i) convention of conservatism.....com. admin@jaiibcaiibmocktest.....com. (ii) convention of feasibility...com.... (iii) convention of materiality iib ca a..com...jaiibcaiibmocktest.bankpromotionexams....com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....c ... www.......c o Ans ..... Tangible Net Worth is …… ………………………………………………………………………………………………………………………………………………………………… www.. 09994452442 ………………………………………………………………………………………………………………………………………………………………… m d.. (i).d ..... Only (i) and (iii) c.....com...bankpromotionexams.. (i).. es t Banks can allow minors' accounts to be opened with mothers as guardians in case of ...... www.................onlyforbankers. www. (ii) and (iii) .ja Ans . (ii) savings...........com. (iii) RD oc Ans ........ Only (i) and (ii) b....... Only (ii) and (iii) d. accunts (i) FD. (i).. Only (i) and (ii) b... (ii) and (iii) . kt a... (ii) and (iii) iib m The following convention/s do not consider the qualities and disqualities of general manager ................ w w w LIABILITES Capital Reserves Term Loan Bank C/C Trade Creditors Provisions 180 20 300 200 50 50 800 ASSETS Net Fixed Assets Inventories Cash Receivables Goodwill 400 150 50 150 50 800 a....com....

.66 : 1 es t kt 2014-15 350 160 280 580 170 70 80 30 40 ASSETS Net Fixed Assets Security Electricity Investments Raw Materials SIP Finished Goods Cash Receivables Loans/Advances Goodwill ca iib m 2013-14 300 140 320 490 150 120 40 20 20 iib LIABILITIES Capital Reserves Bank Term Loan Bank CC (Hyp) Unsec.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.c o m c.com.ja 1. b...50 = 390 2.400 Inventories ..onlyforbankers....02 3..com....Goodwill = 150 Outside Liabilities : TL + CC + Creditors + Provisions = 600 Net Working Capital : C A ..... www....com. Debt Equity Ratio for 1st Year : 320+150 / 390 = 1.www.21 .... admin@jaiibcaiibmocktest. c..com.. What is the Net Worth : Capital + Reserve = 200 Tangible Net Worth is : Net Worth ... Current Ratio for 2nd Year : (170 + 30 +170+20+ 240 + 190 ) / (580+70+80+70) 820 /800 = 1.. Tangible Net Worth for 1st Year : ( 300 + 140) .17 : 1 Quick Ratio : Quick Assets / C L = 200/300 = 0. www...50 Receivables . 1600 1760 2013-14 730 30 110 150 20 140 30 310 30 50 1600 2014-15 750 30 110 170 30 170 20 240 190 50 1760 w w w ..... f... 09994452442 ………………………………………………………………………………………………………………………………………………………………… Outside Liabilities …… Net Working Capital …… Current Ratio …… Quick Ratio …… a. www.150 Cash ...250 = 50 Current Ratio : C A / C L = 350 / 300 = 1.. d... Assets Net Fixed Assets ..onlyforbankers......com..bankpromotionexams. e............ www.jaiibcaiibmocktest......bankpromotionexams. f.......com murugan0501@gmail.. e.com..... 09994452442 296 ... Long T L Creditors (RM) Bills Payable Expenses Payable Provisions oc .jaiibcaiibmocktest...150 ………………………………………………………………………………………………………………………………………………………………… www. admin@jaiibcaiibmocktest.. Total ...com.. d..com...C L = 350 .....

50 oc Total Liabilities . www.jaiibcaiibmocktest. 200 c...Goodwill = 150 .50 .www.com. 09994452442 297 .c o Total Assets ......com.. www..com... 2.. 300 Ans .. Tangible Net Worth = ? w w w a. 200 Ans .50 Provisions ...bankpromotionexams...onlyforbankers.800 Liabilities kt es t Capital ....bankpromotionexams.com.300 Bank C/C ... 180 b...com......... admin@jaiibcaiibmocktest. admin@jaiibcaiibmocktest... 100 b..com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail.com. 150 c.....b Explanation : Net Worth . www..20 Term Loan .com... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m Goodwill ...onlyforbankers............ja iib Explanation : Capital + Reserve = 200 . 250 d....... www.... Net Worth = ? ca a.com.b . 180 d.200 Trade Creditors ......180 Reserves ...800 iib m 1...............com murugan0501@gmail.... ………………………………………………………………………………………………………………………………………………………………… www.jaiibcaiibmocktest.

.. Outside Liabilities = ? .www...jaiibcaiibmocktest....com.. ca Ans ..a iib Explanation : CA . 200 b........17 c.. 09994452442 298 . www...c o a. 6. www...... 50 b. Current Ratio = ? w w w a. ........bankpromotionexams. Quick Ratio = ? ………………………………………………………………………………………………………………………………………………………………… www. 600 d... Net Working Capital = ? kt Explanation : TL + CC + Creditors + Provisions = 600 .com............ www......... 200 oc 4. 400 c.... 1:1.com....... 1:1.... admin@jaiibcaiibmocktest....jaiibcaiibmocktest.....com..........com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail..33:1 d........bankpromotionexams..17:1 Ans .....33 b........com. 100 c...17 : 1 ..CL = 350 .. 800 es t Ans ..com murugan0501@gmail..d Explanation : CA / CL = 350 / 300 = 1.com.. admin@jaiibcaiibmocktest.. www...ja 5..... 09994452442 ………………………………………………………………………………………………………………………………………………………………… m 3...250 = 50 ...com.onlyforbankers. 1...c iib m a..onlyforbankers. 1........ 150 d..com....

.. If interest is compounded on quarterly basis.. 0. FV = 1000000 * (1+0....onlyforbankers.. 1:0.03 (since compounding is quarterly........ for 1 year...... iib m a.. www....a... 1125509 c....com.... 1095209 b.....ja P = 1000000 R = 12% / 4 = 0......com.....bankpromotionexams.b Explanation : Quick Assets / CL = 200/300 = 0..... www.. admin@jaiibcaiibmocktest.33:1 b..... admin@jaiibcaiibmocktest.. 1145509 ca Ans . the amount payable shall be .. time is multiplied by 4) w w w Since compounding is quarterly and its only 1-time investment.. www.com Facebook Groups - JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION BANK PROMOTION EXAMS / ONLY FOR BANKERS murugan0501@gmail....... 0...com murugan0501@gmail.. the formula to be used: ----------------------FV = P * (1+R)^T ----------------------So.com.jaiibcaiibmocktest.... 09994452442 299 . 09994452442 ………………………………………………………………………………………………………………………………………………………………… . 1130509 d. www.33 d..com.com.. ………………………………………………………………………………………………………………………………………………………………… www.jaiibcaiibmocktest. rate is divided by 4) T = 1*4 = 4 (since compounding is quarterly.... 1:0......03)^4 = 1125509 ..66 : 1 kt ..com.com. 1000000 in a bank FDR @ 12% p.com.b iib Solution: ..c o m a.www...onlyforbankers....66:1 c.. oc A person invested Rs......bankpromotionexams.66 es t Ans ..