{"id":132935,"date":"2026-09-29T22:59:59","date_gmt":"2026-09-29T17:29:59","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=132935"},"modified":"2026-09-29T23:00:00","modified_gmt":"2026-09-29T17:30:00","slug":"jaiib-afm-practice-questions-free-pdf","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/","title":{"rendered":"JAIIB AFM Practice MCQs, Download Free E-Book &amp; Attempt Free Quiz"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Why_are_JAIIB_AFM_practice_MCQs_important\" >Why are JAIIB AFM practice MCQs important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Attempt_JAIIB_AFM_numerical_practice_quiz\" >Attempt JAIIB AFM numerical practice quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Where_can_you_download_JAIIB_AFM_practice_MCQs_for_free\" >Where can you download JAIIB AFM practice MCQs for free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#What_topics_are_covered_in_JAIIB_AFM_practice_MCQs\" >What topics are covered in JAIIB AFM practice MCQs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#What_types_of_questions_should_you_practise_for_JAIIB_AFM\" >What types of questions should you practise for JAIIB AFM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Which_JAIIB_AFM_topics_need_more_MCQ_practice\" >Which JAIIB AFM topics need more MCQ practice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#How_can_you_use_the_JAIIB_AFM_free_e-book_effectively\" >How can you use the JAIIB AFM free e-book effectively?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#How_can_working_bankers_prepare_for_JAIIB_AFM_with_MCQs\" >How can working bankers prepare for JAIIB AFM with MCQs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#What_other_JAIIB_AFM_resources_can_you_use\" >What other JAIIB AFM resources can you use?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#How_should_you_revise_JAIIB_AFM_before_the_exam\" >How should you revise JAIIB AFM before the exam?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#Download_JAIIB_Free_E-Books\" >Download JAIIB Free E-Books<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Preparing for the JAIIB Accounting and Financial Management (AFM) paper requires a good mix of concepts, numerical practice, and regular revision. Since AFM covers accounting principles, financial statements, financial management, taxation, and costing, solving MCQs is an important part of preparation. Practice questions help banking professionals understand the type of questions asked, improve calculation speed, and identify topics that need more revision. Candidates can use free e-books, topic-wise quizzes, and other JAIIB AFM resources to make their preparation more structured.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-are-jaiib-afm-practice-mcqs-important\"><span class=\"ez-toc-section\" id=\"Why_are_JAIIB_AFM_practice_MCQs_important\"><\/span>Why are JAIIB AFM practice MCQs important?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>JAIIB AFM practice MCQs help candidates revise concepts while getting familiar with exam-style questions. Regular practice is especially useful for numerical and application-based topics where understanding the concept is as important as remembering the formula. Solving MCQs also helps candidates identify common mistakes and improve their speed before the exam.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Strengthen accounting and financial management concepts<\/li>\n\n\n\n<li>Improve speed and accuracy<\/li>\n\n\n\n<li>Identify weak topics<\/li>\n\n\n\n<li>Practise numerical and application-based questions<\/li>\n\n\n\n<li>Revise important formulas and concepts<\/li>\n\n\n\n<li>Build confidence for the AFM paper<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-free-quizzes\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download JAIIB Free Quizzes<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-attempt-jaiib-afm-numerical-practice-quiz\"><span class=\"ez-toc-section\" id=\"Attempt_JAIIB_AFM_numerical_practice_quiz\"><\/span>Attempt JAIIB AFM numerical practice quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> JAIIB AFM Numerical Quiz Questions <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.1,92,000<\/button>\n  <button data-correct=\"true\">Rs.1,44,000<\/button>\n  <button data-correct=\"false\">Rs.96,000<\/button>\n  <button data-correct=\"false\">Rs.80,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.2,40,000<\/button>\n  <button data-correct=\"true\">Rs.1,20,000<\/button>\n  <button data-correct=\"false\">Rs.1,00,000<\/button>\n  <button data-correct=\"false\">Rs.60,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"true\">Rs.1,37,300<\/button>\n  <button data-correct=\"false\">Rs.3,79,100<\/button>\n  <button data-correct=\"false\">Rs.-2,08,700<\/button>\n  <button data-correct=\"false\">Rs.2,00,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.1,02,000<\/button>\n  <button data-correct=\"true\">Rs.68,700<\/button>\n  <button data-correct=\"false\">Rs.-36,000<\/button>\n  <button data-correct=\"false\">Rs.2,15,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">1.40<\/button>\n  <button data-correct=\"false\">1.67<\/button>\n  <button data-correct=\"true\">1.86<\/button>\n  <button data-correct=\"false\">2.40<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. A company used CAPM with risk-free rate 6%, market return 14%, and beta 1.2. What is the cost of equity?<\/p>\n  <button data-correct=\"false\">12.0%<\/button>\n  <button data-correct=\"false\">14.4%<\/button>\n  <button data-correct=\"true\">15.6%<\/button>\n  <button data-correct=\"false\">16.8%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">14.0%<\/button>\n  <button data-correct=\"false\">15.0%<\/button>\n  <button data-correct=\"true\">16.0%<\/button>\n  <button data-correct=\"false\">16.5%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.4,300 Adverse<\/button>\n  <button data-correct=\"false\">Rs.1,300 Adverse<\/button>\n  <button data-correct=\"false\">Rs.4,300 Favourable<\/button>\n  <button data-correct=\"true\">Rs.5,300 Adverse<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"true\">Rs.1,000 Favourable<\/button>\n  <button data-correct=\"false\">Rs.9,000 Adverse<\/button>\n  <button data-correct=\"false\">Rs.10,000 Favourable<\/button>\n  <button data-correct=\"false\">Rs.5,000 Favourable<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.360<\/button>\n  <button data-correct=\"false\">Rs.375<\/button>\n  <button data-correct=\"false\">Rs.390<\/button>\n  <button data-correct=\"true\">Rs.540<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">8,000<\/button>\n  <button data-correct=\"false\">9,000<\/button>\n  <button data-correct=\"true\">10,000<\/button>\n  <button data-correct=\"false\">12,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. A company&#8217;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?<\/p>\n  <button data-correct=\"false\">9.6%<\/button>\n  <button data-correct=\"true\">10.2%<\/button>\n  <button data-correct=\"false\">11.1%<\/button>\n  <button data-correct=\"false\">12.0%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"true\">Rs.2,31,150<\/button>\n  <button data-correct=\"false\">Rs.2,50,000<\/button>\n  <button data-correct=\"false\">Rs.3,00,000<\/button>\n  <button data-correct=\"false\">Rs.2,70,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.1,75,000<\/button>\n  <button data-correct=\"true\">Rs.1,89,550<\/button>\n  <button data-correct=\"false\">Rs.2,10,000<\/button>\n  <button data-correct=\"false\">Rs.2,50,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.1,89,550<\/button>\n  <button data-correct=\"true\">Rs.2,08,505<\/button>\n  <button data-correct=\"false\">Rs.2,25,000<\/button>\n  <button data-correct=\"false\">Rs.2,50,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.20,00,000<\/button>\n  <button data-correct=\"true\">Rs.30,00,000<\/button>\n  <button data-correct=\"false\">Rs.40,00,000<\/button>\n  <button data-correct=\"false\">Rs.60,00,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.1.6 crore<\/button>\n  <button data-correct=\"true\">Rs.2.0 crore<\/button>\n  <button data-correct=\"false\">Rs.3.2 crore<\/button>\n  <button data-correct=\"false\">Rs.4.0 crore<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.10,000<\/button>\n  <button data-correct=\"false\">Rs.20,000<\/button>\n  <button data-correct=\"true\">Rs.30,000<\/button>\n  <button data-correct=\"false\">Rs.50,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>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?<\/p>\n  <button data-correct=\"false\">Rs.30,000<\/button>\n  <button data-correct=\"false\">Rs.40,000<\/button>\n  <button data-correct=\"true\">Rs.70,000<\/button>\n  <button data-correct=\"false\">Rs.1,00,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. Market price of a company&#8217;s share is Rs.180 and earnings per share is Rs.9. What is the price-earnings ratio?<\/p>\n  <button data-correct=\"false\">15<\/button>\n  <button data-correct=\"false\">18<\/button>\n  <button data-correct=\"true\">20<\/button>\n  <button data-correct=\"false\">22<\/button>\n<\/div>\n\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span 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action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"remail\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginas-group loginas-group1\">\n                            <button type=\"button\" id=\"btn-fpwd-cancel\" class=\"btn btn-md btn-white btn-cancel btn-fpwd-cancel\">Cancel<\/button>\n                            <button type=\"button\" id=\"lreset\" class=\"btn btn-md btn-tblue btn-fpwd-submit\" onclick=\"resetPassword()\">Submit<\/button>\n                       <\/div>\n                    <\/div><!-- end forgotpwd group --> \n                   <h6 class=\"login-subheader\">Or, login with<\/h6>\n                   <div class=\"loginas-group loginas-group2 loginas-group-single\">\n\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.0).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 10 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.00).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-where-can-you-download-jaiib-afm-practice-mcqs-for-free\"><span class=\"ez-toc-section\" id=\"Where_can_you_download_JAIIB_AFM_practice_MCQs_for_free\"><\/span>Where can you download JAIIB AFM practice MCQs for free?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates can use free JAIIB AFM practice resources from Oliveboard for topic-wise revision and MCQ practice. The resources include module-wise questions, numerical practice, case study questions, and important MCQs. These resources can be used along with regular study material to cover the AFM syllabus in a structured manner.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Study Material<\/strong><\/td><td><strong>Download Link<\/strong><\/td><\/tr><tr><td>JAIIB AFM Module A Practice Questions<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-module-a-practice-quiz\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>JAIIB AFM Module B Practice Questions<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-module-b-practice-quiz\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>JAIIB AFM Module C Practice Questions<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-module-c-practice-quiz\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>JAIIB AFM Module D Practice Questions<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-module-d-practice-quiz\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>JAIIB AFM Most Repeated MCQs<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/most-repetitive-jaiib-afm-mcqs\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>JAIIB AFM Case Study Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-case-study-practice-quiz\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Now<\/a><\/td><\/tr><tr><td>JAIIB AFM Numerical Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ppb-numerical-practice-quiz\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-topics-are-covered-in-jaiib-afm-practice-mcqs\"><span class=\"ez-toc-section\" id=\"What_topics_are_covered_in_JAIIB_AFM_practice_MCQs\"><\/span>What topics are covered in JAIIB AFM practice MCQs?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The practice MCQs should cover all four modules of the AFM syllabus. Candidates should solve questions from accounting basics, financial statements, financial management, taxation, and costing. A balanced question set allows candidates to revise both theoretical and numerical areas of the paper.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Module<\/th><th>Important topics<\/th><\/tr><tr><td>Module A<\/td><td>Accounting concepts, accounting standards, journal, ledger, BRS, trial balance, depreciation, bills of exchange and bank audit<\/td><\/tr><tr><td>Module B<\/td><td>Financial statements, company accounts, cash flow statements, banking accounts, core banking systems and computerised accounting<\/td><\/tr><tr><td>Module C<\/td><td>Financial management, ratio analysis, financial mathematics, bond valuation, capital budgeting, cost of capital, working capital and derivatives<\/td><\/tr><tr><td>Module D<\/td><td>Income Tax, TDS, GST, cost accounting, costing methods, standard costing, marginal costing and budgeting<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-types-of-questions-should-you-practise-for-jaiib-afm\"><span class=\"ez-toc-section\" id=\"What_types_of_questions_should_you_practise_for_JAIIB_AFM\"><\/span>What types of questions should you practise for JAIIB AFM?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>AFM preparation should include different types of questions rather than only direct theory-based MCQs. Candidates should practise numerical, statement-based, conceptual, and case-based questions. This helps them understand how accounting and financial management concepts can be tested from different angles.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Concept-based questions:<\/strong> Test basic accounting and financial management concepts.<\/li>\n\n\n\n<li><strong>Numerical questions:<\/strong> Cover formulas, ratios, valuation, costing, and financial calculations.<\/li>\n\n\n\n<li><strong>Statement-based questions:<\/strong> Check understanding of accounting and financial concepts.<\/li>\n\n\n\n<li><strong>Case study questions:<\/strong> Test the practical application of concepts.<\/li>\n\n\n\n<li><strong>Previous-year questions:<\/strong> Help candidates understand recurring topics and question patterns.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-mock-test\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free JAIIB Mock Test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-jaiib-afm-topics-need-more-mcq-practice\"><span class=\"ez-toc-section\" id=\"Which_JAIIB_AFM_topics_need_more_MCQ_practice\"><\/span>Which JAIIB AFM topics need more MCQ practice?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some AFM topics require repeated practice because they involve calculations, formulas, or multiple steps. Financial Management is particularly important for numerical practice, while accounting topics such as BRS, depreciation, and financial statements require strong conceptual understanding. Taxation and costing also benefit from regular revision through MCQs.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Area<\/th><th>Topics to practise<\/th><\/tr><tr><td>Accounting<\/td><td>BRS, depreciation, errors, accounting standards and journal entries<\/td><\/tr><tr><td>Financial statements<\/td><td>Balance sheet, P&amp;L account, cash flow and company accounts<\/td><\/tr><tr><td>Financial management<\/td><td>Ratio analysis, bond valuation, capital budgeting and cost of capital<\/td><\/tr><tr><td>Taxation<\/td><td>Income Tax, TDS and GST<\/td><\/tr><tr><td>Costing<\/td><td>Marginal costing, standard costing and budgeting<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-you-use-the-jaiib-afm-free-e-book-effectively\"><span class=\"ez-toc-section\" id=\"How_can_you_use_the_JAIIB_AFM_free_e-book_effectively\"><\/span>How can you use the JAIIB AFM free e-book effectively?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Downloading the free e-book is only the first step. Candidates should include MCQ practice in their daily study routine and review the questions they answer incorrectly. This approach helps connect concepts with actual questions and makes revision more effective.<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Study one topic from the AFM syllabus.<\/li>\n\n\n\n<li>Solve MCQs related to the same topic.<\/li>\n\n\n\n<li>Mark questions that you answered incorrectly.<\/li>\n\n\n\n<li>Revise the concept or formula behind the mistake.<\/li>\n\n\n\n<li>Reattempt the incorrect questions after a few days.<\/li>\n\n\n\n<li>Practise numerical and case study questions regularly.<\/li>\n\n\n\n<li>Take full-length mock tests during the final stage of preparation.<\/li>\n<\/ol>\n\n\n\n<p><strong>Also Check:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topics<\/strong><\/td><td><strong>Download Link<\/strong><\/td><\/tr><tr><td>Bankers\u2019 Special Relationship<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/bankers-special-relationship\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><tr><td>Security Considerations, IT Security &amp; IT Audit<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/security-considerations-for-jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><tr><td>Foreign Exchange, Forex Market<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/foreign-exchange-arithmetic\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><tr><td>Consumer Protection Act COPRA<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/consumer-protection-act-2019\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><tr><td>Trial Balance, Rectification of Errors<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/trial-balance-for-jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><tr><td>Balance Sheet Equation<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/balance-sheet-equation-notes-for-jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><tr><td>Ratio Analysis<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/ratio-analysis-notes-for-jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><tr><td>Depreciation &amp; its Accounting<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/depreciation-notes-for-jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Notes<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-working-bankers-prepare-for-jaiib-afm-with-mcqs\"><span class=\"ez-toc-section\" id=\"How_can_working_bankers_prepare_for_JAIIB_AFM_with_MCQs\"><\/span>How can working bankers prepare for JAIIB AFM with MCQs?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Working banking professionals can use short and consistent practice sessions to prepare for AFM. Instead of depending on long study hours, candidates can divide their preparation into concept revision, MCQ practice, and error analysis. Weekend sessions can be used for numerical quizzes, case studies, and mock tests.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Daily activity<\/th><th>Suggested focus<\/th><\/tr><tr><td>Concept revision<\/td><td>Revise one AFM topic<\/td><\/tr><tr><td>MCQ practice<\/td><td>Solve topic-wise questions<\/td><\/tr><tr><td>Error analysis<\/td><td>Review incorrect answers<\/td><\/tr><tr><td>Formula revision<\/td><td>Revise important formulas and calculations<\/td><\/tr><tr><td>Weekend practice<\/td><td>Attempt numerical, case study or mock tests<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-other-jaiib-afm-resources-can-you-use\"><span class=\"ez-toc-section\" id=\"What_other_JAIIB_AFM_resources_can_you_use\"><\/span>What other JAIIB AFM resources can you use?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates can combine the free AFM e-book with other JAIIB resources for better preparation. Module-wise practice questions can help with topic-level revision, while numerical quizzes and case studies provide additional application-based practice. Previous-year questions and mock tests can then be used to check overall preparation.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Resource<\/th><th>How it helps<\/th><\/tr><tr><td>JAIIB AFM study material<\/td><td>Provides structured topic-wise preparation<\/td><\/tr><tr><td>AFM practice MCQs<\/td><td>Helps revise important concepts<\/td><\/tr><tr><td>AFM numerical quizzes<\/td><td>Improves calculation practice<\/td><\/tr><tr><td>AFM case study quizzes<\/td><td>Builds application skills<\/td><\/tr><tr><td>JAIIB previous-year papers<\/td><td>Helps understand question trends<\/td><\/tr><tr><td>JAIIB mock tests<\/td><td>Improves speed and time management<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Candidates can also explore Oliveboard&#8217;s <strong>JAIIB AFM study material<\/strong>, free quizzes, previous-year papers, and other JAIIB preparation resources to support their exam preparation.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Join the JAIIB Online Course now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-should-you-revise-jaiib-afm-before-the-exam\"><span class=\"ez-toc-section\" id=\"How_should_you_revise_JAIIB_AFM_before_the_exam\"><\/span>How should you revise JAIIB AFM before the exam?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The final revision should focus on important concepts, formulas, frequently practised questions, and topics where mistakes are common. Candidates should avoid starting too many new topics at the last minute. Instead, they should use their marked questions, practice e-book, numerical questions, and mock-test analysis for focused revision.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revise important accounting concepts and formulas.<\/li>\n\n\n\n<li>Practise BRS, depreciation, ratios, valuation, and costing questions.<\/li>\n\n\n\n<li>Review taxation and GST concepts.<\/li>\n\n\n\n<li>Reattempt previously incorrect MCQs.<\/li>\n\n\n\n<li>Solve timed practice sets.<\/li>\n\n\n\n<li>Analyse mock-test mistakes.<\/li>\n\n\n\n<li>Keep the final revision focused on weak areas.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-jaiib-free-e-books\"><span class=\"ez-toc-section\" id=\"Download_JAIIB_Free_E-Books\"><\/span>Download JAIIB Free E-Books<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To make your\u00a0<a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-preparation-strategy\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB 2026 preparation<\/a>\u00a0easier, Oliveboard provides a collection of e-books and topper handwritten notes. These resources cover important topics in the Indian Economy and Banking, helping you revise key concepts quickly and effectively. You can download the PDFs and study at your own pace, anytime and anywhere.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Notes<\/strong><\/td><td><strong>Link to Download PDF<\/strong><\/td><\/tr><tr><td>800+ Important JAIIB Questions<\/td><td><a href=\"https:\/\/www.oliveboard.in\/jaiib-question-bank\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/td><\/tr><tr><td>JAIIB Memory Based 2026 Paper<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-memory-based-paper\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>750+ Solved Previous Year JAIIB Questions<\/td><td><a href=\"https:\/\/www.oliveboard.in\/jaiib-750-pyqs\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>Economic Concepts in Banking Topper Handwritten Notes<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/economic-concepts-of-banking-jaiib-handwritten-notes\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Economic Concepts in Banking for JAIIB<\/a><\/td><\/tr><tr><td>Indian Economic Architecture Topper Handwritten Notes<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/indian-economic-architecture-topper-notes-jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Indian Economic Architecture for JAIIB<\/a><\/td><\/tr><tr><td>Fundamentals of Economics<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/risk-and-basic-risk-management-framework-jaiib\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Fundamentals of Economics for JAIIB<\/a><\/td><\/tr><tr><td>Types of Economics and Basic Economic Problems<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/risks-in-banking-business\/?ref=contac-afm-pmcq\" target=\"_blank\" rel=\"noreferrer noopener\">Types of Economics and Basic Economic Problems<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1790702771768\"><strong class=\"schema-faq-question\">1. <strong>Are JAIIB AFM MCQs useful for numerical preparation?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, numerical MCQs help candidates improve calculation speed and understand how formulas are applied.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790702773084\"><strong class=\"schema-faq-question\">2. Which AFM topics should I practise regularly?<\/strong> <p class=\"schema-faq-answer\">BRS, depreciation, financial statements, ratio analysis, bond valuation, capital budgeting, cost of capital, taxation, and costing are useful areas for regular practice.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790702773633\"><strong class=\"schema-faq-question\">3. <strong>How can AFM practice questions improve exam preparation?<\/strong><\/strong> <p class=\"schema-faq-answer\">They help candidates revise concepts, identify weak areas, improve accuracy, and become familiar with different question types.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790702774279\"><strong class=\"schema-faq-question\">4. <strong>How should working professionals practise AFM MCQs?<\/strong><\/strong> <p class=\"schema-faq-answer\">Working professionals can solve a small set of MCQs daily and use weekends for longer quizzes, numerical practice, and mock tests.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790702775068\"><strong class=\"schema-faq-question\">5. <strong>Can case study questions be included in AFM preparation?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, case study questions are useful for practising the application of accounting and financial management concepts.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-module-d-practice-quiz\/\">Attempt JAIIB RBWM Module D Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-module-c-practice-quiz\/\">Attempt JAIIB RBWM Module C Free Quiz and Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-module-b-practice-quiz\/\">Attempt JAIIB RBWM Module  B Quiz and Download Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-module-a-practice-quiz\/\">Attempt JAIIB RBWM Module A Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-free-quizzes\/\">Attempt JAIIB Free Practice Quizzes &amp; Download Paper-wise PDFs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-exam-analysis-2026\/\">JAIIB Exam Analysis 2026, November Cycle, All Shifts Covered<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Preparing for the JAIIB Accounting and Financial Management (AFM) paper requires a good mix of concepts, numerical practice, and regular<\/p>\n","protected":false},"author":58,"featured_media":252910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[705,10353,11314,10237],"tags":[],"class_list":["post-132935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-books","category-jaiib","category-jaiib-caiib-promotion","category-preparation-resources","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JAIIB AFM Practice MCQs, Download Free E-Book &amp; Attempt Free Quiz<\/title>\n<meta name=\"description\" content=\"Prepare effectively for the JAIIB AFM exam with practice MCQs that help reinforce key concepts and improve speed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-practice-questions-free-pdf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JAIIB AFM Practice MCQs, Download Free E-Book &amp; Attempt Free Quiz\" \/>\n<meta property=\"og:description\" content=\"Preparing for the JAIIB Accounting and Financial Management (AFM) paper requires a good mix of concepts, numerical practice, and regular revision. 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