{"id":241176,"date":"2026-05-05T17:20:44","date_gmt":"2026-05-05T11:50:44","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=241176"},"modified":"2026-05-05T17:20:46","modified_gmt":"2026-05-05T11:50:46","slug":"jaiib-afm-module-d-practice-quiz","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-module-d-practice-quiz\/","title":{"rendered":"Attempt JAIIB AFM Module D Quiz and Download Free PDF"},"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-module-d-practice-quiz\/#Download_Free_JAIIB_AFM_Module_D_Practice_Questions_PDF\" >Download Free JAIIB AFM Module D Practice Questions PDF<\/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-module-d-practice-quiz\/#Attempt_a_Free_JAIIB_AFM_Module_D_Practice_Quiz\" >Attempt a Free JAIIB AFM Module D 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-module-d-practice-quiz\/#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-module-d-practice-quiz\/#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-module-d-practice-quiz\/#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-module-d-practice-quiz\/#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-module-d-practice-quiz\/#What_is_included_in_the_JAIIB_AFM_Module_D_free_PDF\" >What is included in the JAIIB AFM Module D free PDF?<\/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-module-d-practice-quiz\/#Why_should_you_attempt_the_JAIIB_AFM_Module_D_practice_quiz\" >Why should you attempt the JAIIB AFM Module D practice quiz?<\/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-module-d-practice-quiz\/#What_topics_are_covered_in_JAIIB_AFM_Module_D_Taxation_and_Fundamentals_of_Costing\" >What topics are covered in JAIIB AFM Module D (Taxation and Fundamentals of Costing)?<\/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-module-d-practice-quiz\/#What_are_the_important_topics_of_JAIIB_AFM_Module_D\" >What are the important topics of JAIIB AFM Module D?<\/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-module-d-practice-quiz\/#How_can_you_prepare_effectively_for_JAIIB_AFM_Module_D\" >How can you prepare effectively for JAIIB AFM Module D?<\/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-module-d-practice-quiz\/#Download_JAIIB_important_MCQs_Free_PDF\" >Download JAIIB important MCQs Free PDF<\/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-module-d-practice-quiz\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>When you start preparing for JAIIB AFM Module D, it is important to focus on both understanding and application. This module covers taxation, GST, and costing concepts, which are directly useful in day-to-day banking work, from handling TDS to analysing costs and budgets. Many aspirants find this module challenging because it involves both theory and practical concepts.<\/p>\n\n\n\n<p>In this blog, you will get a JAIIB AFM Module D practice quiz along with a free PDF of 100 questions with answers. These questions will help you build strong conceptual clarity, improve accuracy, and prepare in a more exam-focused way.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-free-jaiib-afm-module-d-practice-questions-pdf\"><span class=\"ez-toc-section\" id=\"Download_Free_JAIIB_AFM_Module_D_Practice_Questions_PDF\"><\/span>Download Free JAIIB AFM Module D Practice Questions PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To strengthen your preparation, we have provided a free PDF that includes practice questions for JAIIB AFM Module D. This PDF covers all key areas such as income tax, GST, costing methods, and budgeting. Each question is designed to help you understand concepts clearly and apply them in exam-oriented scenarios.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><a href=\"https:\/\/www.oliveboard.in\/jaiib-afm-module-wise-practice-quiz-pdf\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-attempt-a-free-jaiib-afm-module-d-practice-quiz\"><span class=\"ez-toc-section\" id=\"Attempt_a_Free_JAIIB_AFM_Module_D_Practice_Quiz\"><\/span>Attempt a Free JAIIB AFM Module D Practice Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now, test your preparation with a set of practice questions based on important topics from Module D. These questions will help you improve your understanding of taxation, costing techniques, and budgeting concepts. <\/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 Module D Practice Quiz<\/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 newly set up manufacturing company is trying to understand the purpose of cost accounting. The finance head explained that cost accounting is used for various purposes beyond mere record-keeping. Which of the following most accurately describes the PRIMARY objective of cost accounting?<\/p>\n  <button data-correct=\"false\">To prepare financial statements for external stakeholders<\/button>\n  <button data-correct=\"true\">To assist management in planning, controlling, and decision-making through cost data<\/button>\n  <button data-correct=\"false\">To compute taxable income for submission to tax authorities<\/button>\n  <button data-correct=\"false\">To replace management accounting in large organisations<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. An organisation operating in the textile sector classifies its costs for internal reporting. The production manager grouped costs into prime cost, factory cost, and total cost. He then further classified costs by behaviour \u2014 fixed, variable, and semi-variable. Which classification of cost is being applied in the second instance?<\/p>\n  <button data-correct=\"false\">Classification by nature or element<\/button>\n  <button data-correct=\"false\">Classification by function<\/button>\n  <button data-correct=\"true\">Classification by behaviour or variability<\/button>\n  <button data-correct=\"false\">Classification by controllability<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. A pharmaceutical company engaged in continuous production of a single product incurred the following costs during a period: direct materials Rs 5,00,000; direct labour Rs 2,00,000; factory overheads Rs 1,50,000; administrative overheads Rs 80,000; selling and distribution overheads Rs 70,000. What is the Prime Cost for the period?<\/p>\n  <button data-correct=\"true\">Rs 7,00,000<\/button>\n  <button data-correct=\"false\">Rs 8,50,000<\/button>\n  <button data-correct=\"false\">Rs 9,30,000<\/button>\n  <button data-correct=\"false\">Rs 7,50,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. A company uses a specific cost centre to collect and analyse costs. The production department is treated as a cost centre. What is the primary purpose of establishing a cost centre in a manufacturing organisation?<\/p>\n  <button data-correct=\"false\">To determine the selling price of products directly<\/button>\n  <button data-correct=\"true\">To collect costs for the purpose of cost control and ascertainment<\/button>\n  <button data-correct=\"false\">To record profit earned by each department<\/button>\n  <button data-correct=\"false\">To replace the function of cost unit in cost accounting<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. In a job costing environment, a manufacturing firm produces customised machinery for each client. The accountant prepares a job cost card for every order. Direct material Rs 40,000, direct labour Rs 25,000, and factory overheads absorbed at 80% of direct labour cost. What is the total factory cost (Works Cost) of the job?<\/p>\n  <button data-correct=\"false\">Rs 65,000<\/button>\n  <button data-correct=\"true\">Rs 85,000<\/button>\n  <button data-correct=\"false\">Rs 80,000<\/button>\n  <button data-correct=\"false\">Rs 75,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. A construction company is executing a long-term bridge construction contract. At year-end, it calculates work certified at Rs 80,00,000 and work uncertified at Rs 12,00,000. Total contract price is Rs 2,00,00,000 and total estimated cost is Rs 1,60,00,000. Cost incurred to date is Rs 96,00,000. Management wants to compute the profit to be recognised. Which method is most appropriate for recognising profit on a partially complete long-term contract?<\/p>\n  <button data-correct=\"false\">Recognise full estimated profit proportionately on cost basis<\/button>\n  <button data-correct=\"true\">Recognise profit based on degree of completion using certified work to contract price<\/button>\n  <button data-correct=\"false\">Defer all profit recognition until the contract is fully complete<\/button>\n  <button data-correct=\"false\">Recognise profit only when customer makes payment<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. A process manufacturing company runs two sequential processes. In Process 1, input of 1,000 kg of raw material was introduced. Normal loss is expected at 5% of input. Actual output was 920 kg. The cost of abnormal loss is charged to the Abnormal Loss Account. What is the quantity of abnormal loss?<\/p>\n  <button data-correct=\"false\">50 kg<\/button>\n  <button data-correct=\"true\">30 kg<\/button>\n  <button data-correct=\"false\">80 kg<\/button>\n  <button data-correct=\"false\">20 kg<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. In a batch costing system, a company produces 500 units in a batch. Total batch cost is Rs 1,50,000. During inspection, 20 units are rejected as normal scrap with a realizable value of Rs 200 per unit. What is the cost per good unit produced?<\/p>\n  <button data-correct=\"false\">Rs 300<\/button>\n  <button data-correct=\"false\">Rs 292<\/button>\n  <button data-correct=\"true\">Rs 280<\/button>\n  <button data-correct=\"false\">Rs 308<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. A hospital provides healthcare services and needs to determine the cost of providing services. It treats each patient-day as its cost unit. Fixed costs are Rs 36,00,000 per annum, variable costs Rs 800 per patient-day, and the hospital operates 300 beds with 80% occupancy for 365 days. This is an example of which type of costing?<\/p>\n  <button data-correct=\"false\">Job costing<\/button>\n  <button data-correct=\"false\">Batch costing<\/button>\n  <button data-correct=\"false\">Process costing<\/button>\n  <button data-correct=\"true\">Service costing<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. A manufacturing company installs standard costing for material. The standard quantity of material for one unit is 4 kg at Rs 50 per kg. During the month, 500 units were produced using 2,200 kg at a total cost of Rs 1,05,600. What is the Material Usage Variance?<\/p>\n  <button data-correct=\"true\">Rs 10,000 Adverse<\/button>\n  <button data-correct=\"false\">Rs 10,000 Favourable<\/button>\n  <button data-correct=\"false\">Rs 4,400 Adverse<\/button>\n  <button data-correct=\"false\">Rs 5,600 Favourable<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. In the context of standard costing for labour, a company set the standard labour rate at Rs 60 per hour with standard time of 3 hours per unit. Actual output was 800 units. Actual hours worked were 2,600 hours at Rs 65 per hour. What is the Labour Rate Variance?<\/p>\n  <button data-correct=\"false\">Rs 12,000 Adverse<\/button>\n  <button data-correct=\"false\">Rs 13,000 Favourable<\/button>\n  <button data-correct=\"true\">Rs 13,000 Adverse<\/button>\n  <button data-correct=\"false\">Rs 6,000 Adverse<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. A firm uses standard costing and reports a favourable material price variance of Rs 8,000 and an adverse material usage variance of Rs 12,000. The overall material cost variance is:<\/p>\n  <button data-correct=\"false\">Rs 20,000 Adverse<\/button>\n  <button data-correct=\"true\">Rs 4,000 Adverse<\/button>\n  <button data-correct=\"false\">Rs 4,000 Favourable<\/button>\n  <button data-correct=\"false\">Rs 8,000 Adverse<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. In marginal costing, a firm reports the following data: Selling price Rs 200 per unit, variable cost Rs 130 per unit, fixed costs Rs 3,50,000 per annum. What is the Profit-Volume (P\/V) Ratio?<\/p>\n  <button data-correct=\"false\">30%<\/button>\n  <button data-correct=\"true\">35%<\/button>\n  <button data-correct=\"false\">65%<\/button>\n  <button data-correct=\"false\">40%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. Using the data from the previous question (P\/V Ratio 35%, Fixed Costs Rs 3,50,000), what is the Break-Even Point in sales value?<\/p>\n  <button data-correct=\"false\">Rs 7,50,000<\/button>\n  <button data-correct=\"false\">Rs 8,75,000<\/button>\n  <button data-correct=\"true\">Rs 10,00,000<\/button>\n  <button data-correct=\"false\">Rs 5,00,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. A company&#8217;s actual sales are Rs 15,00,000 and its break-even sales are Rs 10,00,000. What is the Margin of Safety and what does it signify?<\/p>\n  <button data-correct=\"true\">Rs 5,00,000; represents the excess of actual sales over BEP sales beyond which profit is earned<\/button>\n  <button data-correct=\"false\">Rs 5,00,000; represents the minimum level of sales to avoid losses<\/button>\n  <button data-correct=\"false\">Rs 10,00,000; represents the absolute level of profit earned<\/button>\n  <button data-correct=\"false\">Rs 25,00,000; represents total projected sales for the next period<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. Under absorption costing, a company produced 10,000 units and sold 8,000 units. Fixed production overheads are Rs 2,00,000. Under marginal costing, what would be the difference in profit reported compared to absorption costing?<\/p>\n  <button data-correct=\"false\">Both methods report the same profit<\/button>\n  <button data-correct=\"false\">Marginal costing profit will be Rs 40,000 higher than absorption costing profit<\/button>\n  <button data-correct=\"true\">Marginal costing profit will be Rs 40,000 lower than absorption costing profit<\/button>\n  <button data-correct=\"false\">Absorption costing profit will be Rs 20,000 lower<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Under the concept of Cost-Volume-Profit (CVP) analysis, a company is evaluating the impact of a 10% increase in selling price while fixed costs remain at Rs 4,00,000 and variable costs remain at Rs 60 per unit. If the original selling price was Rs 100, what happens to the Break-Even Point in units?<\/p>\n  <button data-correct=\"false\">BEP increases because fixed costs increase<\/button>\n  <button data-correct=\"false\">BEP remains unchanged as only selling price changes<\/button>\n  <button data-correct=\"true\">BEP decreases because contribution per unit increases<\/button>\n  <button data-correct=\"false\">BEP increases because variable cost ratio increases<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. A company reported the following data under marginal costing: Sales Rs 20,00,000; Variable costs Rs 12,00,000; Fixed costs Rs 5,00,000. Compute the profit under marginal costing and also the P\/V ratio.<\/p>\n  <button data-correct=\"false\">Profit Rs 5,00,000; P\/V Ratio 40%<\/button>\n  <button data-correct=\"false\">Profit Rs 8,00,000; P\/V Ratio 40%<\/button>\n  <button data-correct=\"true\">Profit Rs 3,00,000; P\/V Ratio 40%<\/button>\n  <button data-correct=\"false\">Profit Rs 3,00,000; P\/V Ratio 60%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. A company has fixed costs of Rs 6,00,000 and a P\/V ratio of 30%. Management wants to earn a target profit of Rs 1,80,000. What level of sales is required to achieve this target profit?<\/p>\n  <button data-correct=\"false\">Rs 19,00,000<\/button>\n  <button data-correct=\"true\">Rs 26,00,000<\/button>\n  <button data-correct=\"false\">Rs 20,00,000<\/button>\n  <button data-correct=\"false\">Rs 22,00,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. In a process costing scenario, Process 2 receives transfer from Process 1. Input to Process 2: 800 kg transferred at Rs 1,20,000, additional material Rs 20,000, direct labour Rs 30,000, overheads Rs 15,000. Normal loss is 10% of input with nil scrap value. Actual output is 760 kg. What is the cost per unit of output?<\/p>\n  <button data-correct=\"true\">Rs 256.41<\/button>\n  <button data-correct=\"false\">Rs 231.25<\/button>\n  <button data-correct=\"false\">Rs 261.11<\/button>\n  <button data-correct=\"false\">Rs 231.48<\/button>\n<\/div>\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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It covers all important topics such as taxation, GST, costing methods, and budgeting. The questions are designed to help you understand concepts clearly and apply them in exam scenarios.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Covers complete Module D syllabus<\/li>\n\n\n\n<li>Includes 100 practice questions<\/li>\n\n\n\n<li>Simple and easy explanations<\/li>\n\n\n\n<li>Based on latest exam pattern<\/li>\n\n\n\n<li>Helps improve conceptual clarity<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Download<\/strong>:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>PDF Link<\/strong><\/td><td><strong>PDF Link<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-case-study-practice-quiz\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB AFM Case Study Practice Quiz<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-numerical-practice-quiz\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB AFM Numerical Practice Quiz<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-you-attempt-the-jaiib-afm-module-d-practice-quiz\"><span class=\"ez-toc-section\" id=\"Why_should_you_attempt_the_JAIIB_AFM_Module_D_practice_quiz\"><\/span>Why should you attempt the JAIIB AFM Module D practice quiz?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Practice is the only way to build confidence before the exam. The Module D quiz helps you test your understanding and identify weak areas.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Improves speed and accuracy<\/li>\n\n\n\n<li>Strengthens taxation and costing concepts<\/li>\n\n\n\n<li>Helps in revision before exam<\/li>\n\n\n\n<li>Gives real exam-like experience<\/li>\n\n\n\n<li>Builds confidence for the final 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\/jaiib\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">Explore JAIIB Online Courses<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-topics-are-covered-in-jaiib-afm-module-d-taxation-and-fundamentals-of-costing\"><span class=\"ez-toc-section\" id=\"What_topics_are_covered_in_JAIIB_AFM_Module_D_Taxation_and_Fundamentals_of_Costing\"><\/span>What topics are covered in JAIIB AFM Module D (Taxation and Fundamentals of Costing)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>JAIIB AFM Module D covers important topics on taxation and costing that are useful in banking operations. It includes concepts like income tax, TDS, deferred tax, and GST, along with cost and management accounting. The module also covers costing methods such as standard costing, marginal costing, and budgeting. These topics help banking professionals understand tax rules, control costs, and make better financial decisions.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Area<\/strong><\/td><td><strong>Topics (Brief)<\/strong><\/td><\/tr><tr><td><strong>Income Tax &amp; TDS<\/strong><\/td><td>Basics of income tax, deductions, TDS\/TCS, return filing<\/td><\/tr><tr><td><strong>GST<\/strong><\/td><td>Basic concepts, input tax credit, registration<\/td><\/tr><tr><td><strong>Cost Accounting<\/strong><\/td><td>Cost concepts, types, cost units and centres<\/td><\/tr><tr><td><strong>Costing Methods<\/strong><\/td><td>Job, batch, process, and service costing<\/td><\/tr><tr><td><strong>Standard Costing<\/strong><\/td><td>Standards and variance analysis<\/td><\/tr><tr><td><strong>Marginal Costing<\/strong><\/td><td>Breakeven, CVP analysis, P\/V ratio<\/td><\/tr><tr><td><strong>Budgeting<\/strong><\/td><td>Types of budgets and budgetary control<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Also Check,<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Related Topics<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>50 Most Repetitive JAIIB RBWM MCQs<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/50-most-repetitive-jaiib-rbwm-mcqs\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to Check<\/a><\/td><\/tr><tr><td>50 Most Repetitive JAIIB PPB MCQs<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/50-most-repetitive-jaiib-ppb-mcqs\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to Check<\/a><\/td><\/tr><tr><td>50 Most Repetitive JAIIB IE &amp; IFS MCQs<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/50-most-repetitive-jaiib-ie-ifs-mcqs\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to Check<\/a><\/td><\/tr><tr><td>50 Most Repetitive JAIIB AFM MCQs<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/most-repetitive-jaiib-afm-mcqs\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to Check<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-topics-of-jaiib-afm-module-d\"><span class=\"ez-toc-section\" id=\"What_are_the_important_topics_of_JAIIB_AFM_Module_D\"><\/span>What are the important topics of JAIIB AFM Module D?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While preparing for JAIIB AFM Module D, focus on high-weightage and scoring topics. This module is more practical and includes basic calculations, so selecting the right areas can help you score better with regular practice.<\/p>\n\n\n\n<p>Key topics include income tax, GST, and cost accounting methods. These are often asked in the JAIIB exam and can be scored easily with clear concepts and consistent practice.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td><strong>Income Tax<\/strong><\/td><td>TDS rates, important sections, deductions under Section 80, and TCS. This is one of the most frequently asked areas.<\/td><\/tr><tr><td><strong>GST<\/strong><\/td><td>Basic concepts like input tax credit, reverse charge mechanism, registration limits, and GST forms.<\/td><\/tr><tr><td><strong>Cost Accounting Methods<\/strong><\/td><td>Selection of appropriate costing methods and understanding cost calculation for different business scenarios.<\/td><\/tr><\/tbody><\/table><\/figure>\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-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free JAIIB Mock Tests<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-you-prepare-effectively-for-jaiib-afm-module-d\"><span class=\"ez-toc-section\" id=\"How_can_you_prepare_effectively_for_JAIIB_AFM_Module_D\"><\/span>How can you prepare effectively for JAIIB AFM Module D?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Preparing Module D requires a mix of concept clarity and regular practice. Since this module includes theory and numerical concepts, a structured approach works best.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Focus on understanding concepts, not just memorising<\/li>\n\n\n\n<li>Practice questions daily from each topic<\/li>\n\n\n\n<li>Revise formulas and key terms regularly<\/li>\n\n\n\n<li>Attempt mock tests and quizzes<\/li>\n\n\n\n<li>Focus more on weak areas after analysis<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-jaiib-important-mcqs-free-pdf\"><span class=\"ez-toc-section\" id=\"Download_JAIIB_important_MCQs_Free_PDF\"><\/span>Download JAIIB important MCQs Free PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Also, download the JAIIB important MCQs free PDF here:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Study Material<\/strong><\/td><td><strong>Study Material<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/jaiib-ie-ifs-questions\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Important Questions PDF<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/jaiib-ppb-questions\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB PPB Important Questions PDF<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.oliveboard.in\/jaiib-afm-questions\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB AFM Important Questions PDF<\/a><\/td><td><a href=\"https:\/\/www.oliveboard.in\/jaiib-rbwm-questions\/?ref=contac-afm-module-d-q\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB RBWM Important Questions PDF<\/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-1774957351278\"><strong class=\"schema-faq-question\">1. What is JAIIB AFM Module D about?<\/strong> <p class=\"schema-faq-answer\">It focuses on taxation and costing concepts useful for financial decision-making in banking.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774957352359\"><strong class=\"schema-faq-question\">2. Is JAIIB AFM Module D difficult?<\/strong> <p class=\"schema-faq-answer\">It is moderate in difficulty, but scoring if concepts and formulas are clear.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774957353117\"><strong class=\"schema-faq-question\">3. What are the main topics in Module D?<\/strong> <p class=\"schema-faq-answer\">Income tax, GST, costing methods, marginal costing, and budgeting.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774957354077\"><strong class=\"schema-faq-question\">4. Is GST important for the JAIIB exam?<\/strong> <p class=\"schema-faq-answer\">Yes, basic GST concepts and terms are frequently asked.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1774957354630\"><strong class=\"schema-faq-question\">5. Do numerical questions come in Module D?<\/strong> <p class=\"schema-faq-answer\">Yes, especially from costing, marginal costing, and budgeting.<\/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-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-provisional-score-card\/\">JAIIB Provisional Score Card 2026 Out, Steps to Download, Direct Link<\/a><\/li>\n<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<\/ul>","protected":false},"excerpt":{"rendered":"<p>When you start preparing for JAIIB AFM Module D, it is important to focus on both understanding and application. This<\/p>\n","protected":false},"author":58,"featured_media":241177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10353],"tags":[],"class_list":["post-241176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jaiib","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>Attempt JAIIB AFM Module D Quiz and Download Free PDF<\/title>\n<meta name=\"description\" content=\"Attempt free JAIIB AFM Module D practice questions to assess your preparation level and download 100 practice questions PDF.\" \/>\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-module-d-practice-quiz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attempt JAIIB AFM Module D Quiz and Download Free PDF\" \/>\n<meta property=\"og:description\" content=\"When you start preparing for JAIIB AFM Module D, it is important to focus on both understanding and application. 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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. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-module-d-practice-quiz\/#faq-question-1774957351278\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-module-d-practice-quiz\/#faq-question-1774957351278\",\"name\":\"1. 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