JAIIB Daily Quiz: Quiz 11

JAIIB Daily Quiz: Quiz 11

JAIIB Exam Quiz 2021: JAIIB exam is schedule for the 2021 by IIBF. here we are providing the JAIIB MCQ Based Quiz on a regular basis. You can Attempt the Quiz on a regular basis for upcoming JAIIB Exam. Quiz will be provided Module Wise and Unit Wise etc. You can attempt the JAIIB Quiz from the below and make improvement in your preparation by attempting JAIIB Quizzes provided by Ambitious Baba on a regular basis. This Quiz will help you to boost your score in jaiib exam and Provide you the way to clear your exam in 1st Attempt.

  1. Passbook is a copy of ___________

(a) the customers cash transaction

(b) the cash column of a customer’s cash book

(c) the bank column of a customer’s cash book

(d) None of the above

Answer & Explanation
Ans: c
  1. A firm has deposited with the bank Rs. 25000 cash but bank credited this amount to another account. A cheque issued by the firm for Rs. 20000 has been dishonoured to the above reason. The balance as per cash book is Rs. 5535. What is the balance as per pass book?

(a) 435

(b) 535

(c) 20535

(d) 25535

Answer & Explanation
Ans: b

Soln.

As per cash book
Amount deposited in bank 25000
cheque issued 20000
bal remained 5000
bal as per cash book 5535
bal as per cash boom before amt dep 535
therefore balancee as per pass book 535
  1. The _______ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

(a) Journal

(b) Ledger

(c) Balance Sheet

(d) P & L Account

Answer & Explanation
Ans: b

 

  1. __________ is/are recorded in sales book.

(a) Cash sales

(b) Credit sales

(c) Both (a) & (b)

(d) None of the above

Answer & Explanation
Ans: b

 

  1. ___________ is also known as book of second entry.

(a) Trial Balance

(b) Ledger

(c) Balance Sheet

(d) Journal

Answer & Explanation
Ans: b
  1. The _________ concept of accounting implies that the business entity will continue its operations in the future.

(a) Business Entity Concept

(b) Going Concern concept

(c) Money measurement concept

(d) Realisation concept

Answer & Explanation
Ans: b

7.____________ is the method used to sell a product from one subsidiary to another within a company.

(a)  Transfer pricing

(b) Revenue pricing

(c) Forward pricing

(d) Zero pricing

Answer & Explanation
Ans: a

 

  1. Financial instruments is covered under which standard of IFRS?

(a) IFRS 5

(b) IFRS 7

(c) IFRS 9

(d) IFRS 11

Answer & Explanation
Ans: c

JAIIB Online Mock test with Explanation

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Related Links:

Paper 1 Module-Wise PDF

Paper 2 Module-Wise PDF

Paper 3 Module-Wise PDF

JAIIB/ DBF Capsule PDF

Download JAIIB Paper-3 CAPSULE PDF 2.0 (Legal & Regulation Aspects of Banking)

JAIIB Paper-2 CAPSULE PDF 2.0 (Accounting & Finance for Bankers)

JAIIB Paper-1 CAPSULE PDF 2.O (Principles & Practices of Banking)

 

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