Most candidates for the JAIIB AFM paper are working banking professionals who handle loans, accounts, and daily financial tasks at their branches. However, solving structured numerical questions in an exam within a time limit can still feel difficult. The reason is simple knowing a concept in real work and applying it in an exam are different skills. That is why practicing focused numerical questions for AFM is important to improve speed, accuracy, and confidence.
Download JAIIB AFM numerical practice quiz PDF
Candidates can download the JAIIB AFM numerical practice quiz PDF to practice anytime, anywhere covering 100 numerical questions with correct answers and their detailed solution. The direct link to download the PDF is provided below.
Attempt JAIIB AFM numerical practice quiz
If you want to clear JAIIB with confidence, do not ignore numerical questions. Regular practice will help you solve questions faster and reduce mistakes in the exam.
1. A machine was purchased on 1st July for Rs.9,60,000. The company follows the Written Down Value (WDV) method of depreciation at 20% per annum. The financial year ends on 31st March. What is the depreciation charged for the first year?
2. A machine costing Rs.12,00,000 was purchased on 1st October. Depreciation is charged at 20% per annum under the Written Down Value method. The company closes books on 31st March. What is the depreciation charge for the first year?
3. A project requires an initial investment of Rs.10,00,000 and generates annual cash inflows of Rs.3,00,000 for 5 years. The cost of capital is 10%. The present value annuity factor at 10% for 5 years is 3.791. What is the NPV of the project?
4. A capital project requires Rs.15,00,000 investment and generates uneven cash flows of Rs.4,00,000, Rs.5,00,000, Rs.6,00,000, and Rs.5,00,000 over four years. The cost of capital is 10%. PV factors are 0.909, 0.826, 0.751, and 0.683 respectively. What is the NPV of the project?
5. A firm reports EBIT of Rs.18,00,000. Interest is Rs.4,50,000, annual principal repayment is Rs.3,00,000, tax rate is 30%, and depreciation is nil. Using DSCR = (PAT + Depreciation + Interest)/(Interest + Principal Repayment), what is the DSCR?
6. A company used CAPM with risk-free rate 6%, market return 14%, and beta 1.2. What is the cost of equity?
7. Risk-free rate is 6%, expected market return is 14%, and beta of the security is 1.25. What is the cost of equity using CAPM?
8. A manufacturing entity set material standard at 5 kg per unit at Rs.20 per kg. Actual production was 1,000 units using 5,300 kg costing Rs.1,11,300. What is the material price variance?
9. Labour standard is 2 hours per unit at Rs.50 per hour. Actual output is 1,000 units and actual labour is 1,800 hours at Rs.55 per hour. What is the labour cost variance?
10. A production batch of 500 units incurred material cost of Rs.1,50,000 and labour cost of Rs.75,000. Overheads are absorbed at 60% of labour cost. What is the cost per unit?
11. A product sells for Rs.200 per unit with variable cost of Rs.140 per unit. Fixed costs are Rs.6,00,000. What is the break-even quantity in units?
12. A company’s capital structure consists of equity of Rs.40 lakh costing 15% and debt of Rs.60 lakh costing 10%. Corporate tax rate is 30%. What is the WACC?
13. An ordinary annuity pays Rs.50,000 annually for 6 years at 8% interest. The PV annuity factor is 4.623. What is the present value of the ordinary annuity?
14. An investor contributes Rs.50,000 at the end of each year for 5 years at an interest rate of 10%. The PV annuity factor is 3.791. What is the present value of the ordinary annuity?
15. Under the same conditions as above (Rs.50,000 annually, 10% for 5 years, PV factor 3.791), the investor contributes at the beginning of each year instead of the end. What is the present value of the annuity due?
16. A firm capitalised reserves to issue bonus shares in 1:2 ratio. Paid-up capital before bonus was Rs.60,00,000. What is the amount capitalised for the bonus issue?
17. A company has paid-up equity capital of Rs.8 crore and free reserves of Rs.12 crore. It announces a bonus issue in the ratio of 1:4. What amount will be capitalised for issuing bonus shares?
18. A company forfeited 10,000 shares of Rs.10 each for non-payment of allotment money of Rs.3 per share. Application money of Rs.5 per share had been received. The shares were later reissued at Rs.8 per share as fully paid. What amount is transferred to capital reserve?
19. A company issued 10,000 shares of Rs.10 each at par. Application money Rs.3 and allotment money Rs.4 per share were received. Final call of Rs.3 per share was not paid, leading to forfeiture. What amount is credited to the forfeited shares account?
20. Market price of a company’s share is Rs.180 and earnings per share is Rs.9. What is the price-earnings ratio?
Quiz Summary
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What does the JAIIB AFM numerical practice quiz PDF include?
The JAIIB AFM Numerical Quiz is based on the latest IIBF exam pattern and covers important calculation-based questions from Accounting and Financial Management. It includes practical banking problems, key formulas, high-weightage topics, and simple explanations to help banking professionals improve their calculation and problem-solving skills.
How will numerical practice help you in AFM exam preparation?
Numerical questions require clarity of concepts and strong calculation skills. Practicing them regularly can improve your overall performance.
- Improves Calculation Speed: Helps solve AFM numericals faster through regular practice.
- Improves Accuracy: Reduces calculation mistakes in Accounting and Financial Management questions.
- Supports Time Management: Helps improve speed and manage exam time effectively.
- Strengthens Formula Application: Makes important AFM formulas easier to understand and apply.
- Builds Exam Confidence: Regular practice improves confidence and problem-solving skills.
Also Download: JAIIB Previous Year Papers
Why is practicing AFM numerical questions important for bankers?
In banking roles, you often deal with numbers, calculations, and financial decisions. Numerical practice helps you build these practical skills.
- Helps in real-life financial calculations
- Improves decision-making ability
- Strengthens understanding of financial data
- Makes you exam-ready for calculation-based questions
- Reduces confusion during the exam
What is the JAIIB AFM (Accounting and Financial Management) syllabus 2026?
Paper 3 of JAIIB is Accounting and Financial Management. The paper consists of a total of 4 modules as listed below:
- Accounting Principles and Processes
- Financial Statement and Core Banking Systems
- Financial Management
- Taxation and Fundamentals of Costing.
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What is the JAIIB exam pattern 2026?
It is important for the bankers to know the detailed exam pattern of the exam they are going to appear in. The detailed JAIIB AFM Exam Pattern are as follow:
| Particulars | Details |
| Subject | Accounting and Financial Management |
| No. of Questions | 100 |
| Total Marks | 100 |
| Duration | 2 hours |
The JAIIB AFM paper consists of 100 questions for a total of 100 marks. There is no negative marking for incorrect or unattempted questions, and the duration of the paper is 2 hours.
Download JAIIB important MCQs Free PDF
Also, download the JAIIB important MCQs free PDF here:
| Study Material | Study Material |
| JAIIB IE and IFS Important Questions PDF | JAIIB PPB Important Questions PDF |
| JAIIB AFM Important Questions PDF | JAIIB RBWM Important Questions PDF |
FAQs
A set of calculation-based questions to improve your AFM numerical skills.
Yes, it is designed according to the current JAIIB AFM exam format.
Topics include ratio analysis, time value of money, budgeting, and working capital.
Yes, each question comes with detailed step-by-step explanations.
It improves speed, accuracy, and confidence in solving calculation-based questions.
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