CAIIB ABFM Exam Analysis 2025, 13th December Review

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CAIIB Exam Analysis ABFM: CAIIB December 2025 Paper 3 ABFM analysis will be provided here for all shifts. Candidates can check shift wise memory based analysis topics and questions asked as per the candidates’ review.

CAIIB ABFM Exam Analysis 2025, 13 December, Shift 1

The paper was of easy to moderate difficulty. As per the memory-based discussion from candidates and the transcript, numericals dominated the paper (around 30–35 questions). Most questions were module-based and formula-driven, especially from the valuation, leverage, capital budgeting, and risk-return chapters. Candidates who practiced numericals consistently found the paper manageable.

Break-Even Point (BEP) – Numerical
Leverage concepts
Seed-stage funding
Operating Leverage, Financial Leverage, Combined Leverage
Numerical on PE Ratio
PB Ratio and PS Ratio
Section 72 (Amalgamation – Income Tax)
Poison Pills
EV / EBITDA – Numerical
Character-Based Decision-Making Model
Activity-Based Costing (ABC)
Question on Relevant Costs
Numerical On-Spot Rate
Numerical on Cross Currency/Forex
Arbitrage
Business Analytics
Diagnostic Analysis – Case Study
Free Cash Flow to Firm (FCFF) and EBITDA
Interest Coverage Ratio – Numerical
Masala Bonds
CFAT (Cash Flow After Tax)
Equity Carve-Out
Net Operating Profit Less Adjusted Taxes (NOPLAT)
Horizontal Merger
Reverse Merger
Demerger
Management By Objective (MBO)
Death by Plan
Succession Planning
Data Mining
Case Study on Private Equity
Convertible Debentures
Principle of Identity
BARS (Behaviorally Anchored Rating Scale)
Maslow’s Need Hierarchy Theory
Green Finance Standards
Dividend Discount Model (DDM)
Gordon’s Growth Formula

Additional topics recalled by candidates:

Startup India Action Plan
Role of Investment Banker
CAPM – Systematic Risk and Return
ROIC (Return on Invested Capital)
Profitability Index
Green Bonds and ISO Standards related to Sustainable Finance

CAIIB ABFM Exam Analysis 2025, 13 December, Shift 2 & Shift 3

The CAIIB ABFM 2025 Shift 2 and Shift 3 papers were numerically heavy, lengthy, and moderate to difficult in nature. Both shifts tested candidates extensively on valuation, leverage, mergers, capital budgeting, and strategic finance concepts. Shift 2 had a strong dominance of merger-related questions, while Shift 3 continued the trend with complex numericals and case-study-based questions requiring deep conceptual clarity.

Shift 2 Questions:

3-Stage Growth Model
Merger – 10 Questions
Financial Leverage
Combined Leverage
Break-Even Point (BEP)
Case Study on Terminal Value
Spot Rate
Return on Invested Capital (ROIC)
Arbitrage Pricing Theory (APT)
Foreign Currency
Home Currency
P/E Ratio
P/B Ratio
P/S Ratio
Mutual Funds – 3 Questions
Relevant Cost
Black–Scholes Model
Prime Mortgage
Net Present Value (NPV)
Accounting Rate of Return (ARR)
Delegation of Authority
Data Mining
Warrants and Options
Organizing
PESTLE Analysis
Stages in a Start-up
Mezzanine Financing
Strategy (Corporate, Business, Functional)
Venture Capital

Shift 3 Questions:

Debt to Equity Ratio
Financial Leverage
Operating Leverage
Combined Leverage
Start-up Theory
Sunk Cost
Simple Formula of Combined Leverage
PSL Renewable Energy Limit
Weighted Average Cost of Capital (WACC)
EV / EBIT
Dividend Discount Model (H-Model) – Numerical
Fixed Cost
Loan Portfolio – Numerical
Forecasting – Case Study
Merger
Certainty Equivalent Coefficient
Foreign Currency Financial Leverage

check CAIIB December cycle complete exam analysis 2025

CAIIB ABFM Exam Memory-Based Paper, June 2025 Cycle

The CAIIB ABFM June 2025 exam tested both numericals and concepts across shifts. Shift 1 was easy to moderate with heavy numerical weightage, while Shifts 2 and 3 were lengthy and moderate. Questions covered valuation, leverage, capital budgeting, management, startups, ethics, and sustainable finance. Check the CAIIB ABFM previous cycle analysis below.

CAIIB ABFM Exam 2025 Memory-Based Paper – Shift 1

The paper was of easy to moderate difficulty. Questions asked in CAIIB ABFM June 2025 Shift 1 were as follows:

Break-Even Point
Leverage
Seed Stage
Operating Leverage, financial leverage, combined leverage
Numerical on PE Ratio
PNCPS
Section 72
Poison Pills
EV/EBITDA
Character-Based Decision-Making Model
Activity-based costing
Question on Relevant costs
Numerical On-Spot Rate
Numerical on cross currency
Arbitrage
Business Analytics
Diagnostic Analysis—Case Study
Free Cash Flow to firm and EBIDTA
Interest Coverage Ratio
Masala Bonds
CFAT
Equity Carve-Out
Net Operating Profit Less Adjusted Taxes
Horizontal Merger
Reverse Merger
Demerger
Management By Objective
Death by Plan
Succession Planning
Data Mining
Case study on Private Equity
Convertible Debentures
Principle of Identity
BARS
Maslow
Green Finance Standards
Dividend Discount Model
Gordon’s Formula

CAIIB ABFM Exam 2025 Memory-Based Paper – Shift 2 & 3

The questions asked in the CAIIB ABFM 2025 Shift 2 and Shift 3 were lengthy and detailed. The difficulty level was also moderate for both shifts. The questions were as follows:

Schools of Management
Structures from Module A
Motivation Topic
Break-Even Point
Leverage
Ethical decision-making
Enterprise Value
Leader Qualities
Discounted Cash flow
Relative Valuation model
International Capital budgeting
CVP decision-making
ARR
Internal accrual
ESC
PNCPS
PE Ratio
PS Ratio
EV/EBITDA
Merger and Amalgamation
SPAC
Hybrid Warrant
Startup – 4 questions
Case study in AI
Venture Capital Funding
Incubator
Seed Fund Scheme
ISO Standard
SIDBI
Sustainable finance

Tripti Mishra

Hi, I’m Tripti, a senior content writer at Oliveboard, where I manage blog content along with community engagement across platforms like Telegram and WhatsApp. With 3+ years of experience in content and SEO optimization related to banking exams, I have led content for popular exams like SSC, banking, railways, and state exams.