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JAIIB-AFB-RECOLLECTED QUESTIONS FROM 12.05.2019


1. 5-10 questions from depreciation

2. Two marks from Payback period NPV

3. Basis of accounting 0.5 theory

4. Foreign currency 1 mark 2 3 questions

5. Asset is a ...... Source of funds/Use of funds*/Cash inflow/None of these

6. Types of accounts in profit and Loss account ...... Only real account/Only nominal account*/Some real some nominal/Only personal

7. From E-KYC - 5 questions

8. WDV method of depreciation

9. Population of city - current year 24 lakh. Increasing 7% yearly. What will be the population After 6 years, What was the populations before 4 years and difference btw those years

10. Accounting concepts - 3 4 questions

11. Going concern

12. Conservatism

13. Business entity

14. 1$ = _____ rupees, 100 rupees how much

15. Foreign exchange 3 marks

16. Current Ratio

17. Accounting standards

18. Cash book passbook diff

19. Cash book - standing instructions won't come under cash book

20. Yield to maturity

21. Banking definition comes under which act? Banking Regulation Act, 1949

22. Types of errors - Match the following - 5 Marks

23. 3 marks on computer

24. Calculation of of Future Value - 1 Mark

25. Coupon rate and current yield - 3 Marks
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Population of city - Current year 24 Lakhs. Increasing 7% yearly. What will be the population after 6 years, What was the populations before 4 years and difference between those years

Use Compound Interest Formula

Population after 6 years at 7% interest
A = P(1+r)^t
= 2400000 (1+0.07) ^ 6
= 2400000 x 1.50073
= 3601753

Population before 4 years at 7% interest
If P(1+r)^t = 2400000, find P
P (1.07)^4 = 2400000
P (1.3108) = 2400000
P = 2400000 / 1.3108
P = 1830943

Difference between the 2

3601753 - 1830943
= 1770810
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