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. Payment of Rs. 200 to Ram as wages for repairing second hand furniture purchased, should be debited to:

(a) furniture account

(b) repairs account

(c) wages account

(d) Ram’s account

Answer & Explanation
Ans. a
  1. Which of the following accounts may have a debit or credit balance?

(a) Misc. expenses account

(b) current account of a partner

(c) purchase account

(d) commission received account

Answer & Explanation
Ans. b
  1. The balance on the debit side of a bank column in cash book indicates?

(a) total amount withdrawn from bank

(b) total amount deposited in bank

(c) cash at bank

(d) none of the above

Answer & Explanation
Ans. c
  1. The periodical total of purchase book is posted to:

(a) debit of purchase account

(b) debit of sales account

(c) credit of purchases account

(d) credit of cash account

Answer & Explanation
Ans. a
  1. Provision for discount on creditors will always show a debit balance:

(a) true

(b) false

(c) incomplete statement

(d) Can’t say

Answer & Explanation
Ans. a
  1. For closure of an account at the end of an accounting period which of the following narration is given:

(a) To balance

(b) To balance c/d

(c) By balance c/d

(d) B and C above

Answer & Explanation
Ans. d
  1. Abhinav had raised a loan which he agrees to repay on a weekly basis. The amount of instalment shall be calculated as.

(a) Principal / 12

(b) Principal + interest / 52

(c) Principal + interest / 7

(d) Principal / 52

Answer & Explanation
Ans. b

Sol. Principal + interest / 52

  1. An amount of Rs. 20000 gets accumulated to Rs. 32000 at the end of 3rd year at simple interest. Calculate the rate of interest.

(a) 10%

(b) 15%

(c) 20%

(d) 25%

Answer & Explanation
Ans. c

Sol. Interest amount for 3 years = 32000-20000=12000

Interest per year =12000/3= 4000

Rate of interest = (interest * 100)/ principal *time = (4000*100)/20000*1= 20%

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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