Most JAIIB AFM candidates are working banking professionals who are already managing loans, accounts, and financial operations at their branches every single day. But when it comes to sitting in an exam hall and solving structured numerical questions within a time limit, even experienced bankers find it challenging. The reason is simple knowing a concept in practice and applying it in a written exam format are two very different things. That is why attempting a focused numerical practice quiz for Accounting and Financial Management (AFM) is so important for busy banking professionals.
In this blog, we have put together a structured numerical quiz and a free PDF download so aspirants can practice smartly, even with a packed work schedule.
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. GST is levied on the ‘value of supply’. A company sells goods for Rs.5,00,000 but also charges Rs.20,000 for packing, Rs.10,000 for loading, and Rs.5,000 for insurance. What is the taxable value of supply under GST?
2. An individual’s total income = Rs.9,50,000. He invests Rs.1,50,000 in PPF (Sec 80C). He pays medical insurance premium of Rs.25,000 for self and Rs.30,000 for parents above 60 years (Sec 80D). He also has NPS contribution of Rs.50,000 (Sec 80CCD(1B)). What is the taxable income?
3. A company’s accounting depreciation is Rs.3,00,000 (straight-line). Tax depreciation under IT Act is Rs.5,00,000 (WDV). Tax rate = 30%. The timing difference is Rs.2,00,000. What deferred tax liability arises?
4. A company has carry-forward losses of Rs.5,00,000. Tax rate = 30%. Future profits are virtually certain. What is the Deferred Tax Asset (DTA) recognised?
5. A company needs to replace machinery costing Rs.20,00,000 after 5 years. It sets up a sinking fund earning 10% per annum. FVIFA (10%, 5 years) = 6.105. What equal annual contribution must be made to the sinking fund?
6. Sum of Years Digits (SYD) depreciation: Asset cost = Rs.12,00,000; Useful life = 5 years; Residual value = Rs.1,00,000. What is the depreciation in Year 2?
7. In a bank’s balance sheet as per Schedule III of the Banking Regulation Act, under which schedule is ‘Borrowings from RBI’ classified?
8. A bank’s balance sheet shows: Advances Rs.400 crore; Investments Rs.200 crore; Cash Rs.50 crore; Fixed Assets Rs.30 crore; Other Assets Rs.20 crore; Deposits Rs.520 crore; Borrowings Rs.80 crore; Capital Rs.30 crore; Reserves Rs.70 crore. What is the Credit-Deposit (CD) ratio?
9. From the following data, calculate the Proprietary Ratio (Equity Ratio): Share Capital Rs.15,00,000; Reserves Rs.5,00,000; Long-term Debt Rs.10,00,000; Current Liabilities Rs.8,00,000; Fixed Assets Rs.22,00,000; Current Assets Rs.16,00,000.
10. A company’s sales = Rs.60,00,000; COGS = Rs.42,00,000; Gross Profit = Rs.18,00,000; Operating Expenses = Rs.6,00,000; EBIT = Rs.12,00,000; Interest = Rs.2,00,000; EBT = Rs.10,00,000; Tax = Rs.3,00,000; PAT = Rs.7,00,000. What is the Net Profit Ratio?
11. A firm’s data: Fixed Assets Rs.40,00,000; Current Assets Rs.20,00,000; Share Capital Rs.25,00,000; Reserves Rs.5,00,000; Long-term Debt Rs.20,00,000; Current Liabilities Rs.10,00,000. What is the Debt-Equity ratio?
12. A company has EBIT of Rs.20,00,000. It has two financing options: Plan A (all equity, 1,00,000 shares) and Plan B (50% debt at 10%, 50,000 shares). Tax rate = 40%. Under Plan B, what is the EPS and financial leverage?
13. A company’s Degree of Operating Leverage (DOL) is 4. Sales decrease by 5%. What is the percentage change in EBIT?
14. In a computerised banking system, the posting of a debit to a savings account and credit to a current account for an internal fund transfer is called:
15. Under CRAR (Capital to Risk-weighted Assets Ratio) as per Basel III, if a bank has Tier 1 capital of Rs.800 crore and Tier 2 capital of Rs.200 crore, and total risk-weighted assets of Rs.8,000 crore, what is the CRAR and is it compliant with the minimum 11.5% requirement?
16. A company’s data: Net Sales Rs.50,00,000; COGS Rs.35,00,000; Average Inventory Rs.7,00,000; Average Debtors Rs.6,25,000; Average Creditors Rs.5,00,000. Calculate the inventory turnover ratio and average collection period.
17. A company’s EPS = Rs.8; DPS (dividend per share) = Rs.5; Market price = Rs.120; Book value per share = Rs.60. Calculate the dividend yield and Price to Book ratio.
18. USD/INR spot rate = Rs.83.00. 3-month forward points = 25/30 paise. What is the 3-month forward bid and offer rate?
19. An exporter will receive USD 2,00,000 in 3 months. Spot USD/INR = Rs.83.50. 3-month forward rate = Rs.84.00. If the exporter enters a forward sale contract, what is the guaranteed INR receipt, and what is the opportunity cost/gain if spot rate on maturity is Rs.83.00?
20. A company issued 12% debentures of Rs.1,000 each at a discount of 5%, redeemable at par after 8 years. Tax rate = 35%. Approximate cost of debt: Kd = [I(1-t) + (RV-NP)/n] / [(RV+NP)/2]. What is the after-tax cost of debt?
Quiz Summary
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What does the JAIIB AFM numerical practice quiz PDF include?
The JAIIB AFM numerical quiz is designed following the actual exam pattern and focuses on key calculation-based questions from Accounting and Financial Management. It includes practical questions based on real banking scenarios, helps you solve problems using the right formulas, and provides detailed explanations for every question. The quiz also covers all important topics that carry high weightage in the exam, making it easier for working professionals and bankers to practice effectively and improve their calculation 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
- Builds accuracy in solving questions
- Helps in better time management
- Strengthens understanding of formulas
- Increases confidence in the exam
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.
Also Check,
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| 50 Most Repetitive JAIIB AFM MCQs | Click here to Check |
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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Hi, I’m Aditi. I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies.
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