JAIIB Daily Quiz: Quiz 8

JAIIB Daily Quiz: Quiz 8

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. A machinery worth Rs. 2 lac with expected life of 10 years is purchased. The depreciation on it is charged as Rs 20000 every year. The depreciation method is:

(a) written down value method

(b) straight line method

(c) both the above

(d) None of above

Answer & Explanation
Ans. b
  1. Recording of financial transactions on the basis of set of rules and criteria is known as:

(a) Accounting practices

(b) Accounting procedures

(c) Accounting Standards

(d) Generally accepted accounting practices

Answer & Explanation
Ans. c
  1. The amount of depreciation charged on machinery will be credited to:

(a) machinery account

(b) depreciation account

(c) cash account

(d) asset account

Answer & Explanation
Ans. a
  1. Depreciation is a process of:

(a) valuation

(b) allocation

(c) both the above

(d) none of the above

Answer & Explanation
Ans. b
  1. On January 01, 2000 a firm purchased machinery worth Rs. 50000 and on July 1st2002, it buys additional machinery wroth Rs. 10000 and spends Rs. 1000 on its erection. The accounts are closed on December 31. Assuming that the annual depreciation will be 10% on SLM basis, what will be written down value at the end of 5thyear?

(a) 51000

(b) 47250

(c) 33250

(d) 31550

Answer & Explanation
Ans. c
  1. Summarising is done through preparation of which of the following types of account:

(a) cash book and journal

(b) trading & profit and loss account

(c) balance sheet

(d) b and c

Answer & Explanation
Ans. d
  1. Capital is equal to:

(a) Liabilities – assets

(b) Assets – liabilities

(c) Tangible Assets – intangible assets

(d) Tangible assets – liabilities

Answer & Explanation
Ans. b
  1. Goods lying unsold in the beginning of accounting year are called:

(a) stocks

(b) opening stocks

(c) closing stocks

(d) salable stocks

Answer & Explanation
Ans. b

JAIIB Online Mock test with Explanation

JAIIB/DBF Paper Mock Link
JAIIB/DBF Paper-I (Principle and Practices of Banking) Online Mock TestsVisit-test.ambitiousbaba.com
  • Unit wise Mock- 450questions
  • Module Wise Mock- 250 Questions
  • Full length Mock 5- 600 Questions (Each Mock 120 Q)
  • Memory based Mock
  • Case Study Mock test

Click here -Mock Link

Total- 1500+ Questions

JAIIB/DBF Paper-II (Accounting & Financial for Bankers) Online Mock TestsVisit-test.ambitiousbaba.com
  •  Unit wise Mock- 250+Questions
  • Module Wise Mock- 200 Questions
  • Full length Mock 5- 600 Questions(Each Mock 120 Q)
  • Memory based Mock
  • Case Study Mock test

Click Here- Mock Link

Total- 1200+ Questions

JAIIB/DBF Paper-3 (Legal and Regulatory Aspects of Banking) Online Mock TestsVisit-test.ambitiousbaba.com
  • Unit wise Mock- 500+Questions
  • Module Wise Mock- 200 Questions
  • Full length Mock 5- 600 Questions(Each Mock 120 Q)
  • Memory based Mock

Click here-Mock Link

(1500+ Questions)

ComboVisit-test.ambitiousbaba.com
  •  Approx (4500Questions) + Capsule PDF

Click here-Mock Link

 

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)

 

 

Leave a Reply