JAIIB Daily Quiz: Quiz 9

JAIIB Daily Quiz: Quiz 9

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. What is the objective of formulation and practicing of Accounting Standards:

(a) to harmonise diverse accounting policies and practices

(b) to regulate accounting practices

(c) to frame accounting policies of the companies

(d) to standardize accounts of companies and firms

Answer & Explanation
Ans. b
  1. Segment Reporting is mandatory disclosure under which of the following accounting standards:

(a) AS 1

(b) AS 12

(c) AS 17

(d) AS 22

Answer & Explanation
Ans. d
  1. Which of the following is not part of the interim financial report as per AS 25:

(a) condensed balance sheet

(b) condensed statement of profit and loss account

(c) condensed cash flow statement

(d) none of the above

Answer & Explanation
Ans. d
  1. A business firm is separate and distinct from its owners is the assumption under which of the following accounting concepts:

(a) business entity

(b) going concern entity

(c) money measuring entity

(d) accounting period

Answer & Explanation
Ans. a
  1. Profit is a liability for a firm and the loss is an asset under which of the following concepts:

(a) business entity concept

(b) materiality concept

(c) historical record concept

(d) accounting period concept

Answer & Explanation
Ans. a
  1. A bank pass book is copy of:

(a) a customer’s account in the bank’s books

(b) cash book relating to bank column

(c) cash book relating to cash column

(d) a bank’s account in the customer’s books

Answer & Explanation
Ans. a
  1. A credit entry in pass book means a credit entry in cash book:

(a) true

(b) false

(c)Can’t say

(d)Either A or B

Answer & Explanation
Ans. b
  1. Normally if cash book shows a debit balance, pass book also show a debit balance:

(a) true

(b) false

(c)Can’t say

(d)Either A or B

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
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JAIIB/DBF Paper-3 (Legal and Regulatory Aspects of Banking) Online Mock TestsVisit-test.ambitiousbaba.com
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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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