100+ Free JAIIB AFM Practice Questions
Pass your IIBF JAIIB Paper 3: Accounting and Financial Management for Bankers (India) exam on the first try — instant access, no signup required.
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Key Facts: JAIIB AFM Exam
~100 MCQs / 100 marks
Official JAIIB paper size per subject (2026 rules)
IIBF JAIIB Rules & Syllabus 2026 PDF
50/100
Minimum passing marks per paper
IIBF JAIIB Rules & Syllabus 2026 PDF
2 hours
Examination duration per paper; no negative marking
IIBF JAIIB Rules & Syllabus 2026 PDF
₹4,000 / ₹1,300
First attempt / subsequent attempt fee per paper (+ taxes)
IIBF JAIIB Rules & Syllabus 2026 PDF
4 modules
Official AFM syllabus structure (A–D)
IIBF JAIIB Rules & Syllabus 2026 PDF
5 attempts / 3 years
Time limit to complete all JAIIB papers with credit retention for passed subjects
IIBF JAIIB Rules & Syllabus 2026 PDF
JAIIB AFM (2026): ~100 MCQs for 100 marks in 2 hours, English/Hindi, online, no negative marking; pass at 50/100 per paper. Fees ₹4,000 first attempt / ₹1,300 later attempts per paper + taxes. IIBF members with 12th pass eligibility. Free bank: 100 practice MCQs across four official modules.
Sample JAIIB AFM Practice Questions
Try these sample questions to test your JAIIB AFM exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under the double-entry system of bookkeeping, every debit entry must have a corresponding:
2The going concern assumption in accounting implies that the enterprise:
3Revenue is generally recognised under accrual accounting when:
4The principle of conservatism (prudence) in accounting typically requires:
5Indian Accounting Standards (Ind AS) in India are converged with which international framework?
6A bank reconciliation statement primarily reconciles:
7If cheques issued but not yet presented appear in the bank reconciliation, they are:
8A trial balance is prepared to:
9Wages paid for installation of a new machine should be treated as:
10Under the straight-line method, annual depreciation on an asset costing ₹10,00,000 with zero scrap value and 10-year life is:
About the JAIIB AFM Exam
JAIIB Paper 3 (Accounting and Financial Management for Bankers) tests accounting principles, financial statements, core banking systems, financial management, taxation and costing knowledge essential for day-to-day banking operations. The 2026 examination is online MCQ with no negative marking.
Assessment
Paper III of the four-paper JAIIB flagship diploma. Online MCQ examination in English or Hindi. Scheduled on dedicated dates (e.g., May 10 and November 28, 2026 sessions per IIBF calendar). Candidates register and pay per attempt.
Time Limit
2 hours
Passing Score
50 out of 100 per paper (or minimum 45 in each paper with 50% aggregate in a single attempt)
Exam Fee
₹4,000 first attempt / ₹1,300 per subsequent attempt per paper (+ convenience charges & taxes) (Indian Institute of Banking & Finance (IIBF))
JAIIB AFM Exam Content Outline
Module A — Accounting Principles and Processes
Ind AS/GAAP, double entry, subsidiary books, BRS, trial balance, errors, depreciation, capital vs revenue, bills of exchange, bank audit.
Module B — Financial Statements and Core Banking Systems
Balance sheet equation, final accounts, company accounts, cash/funds flow, banking company accounts, CBS and computerised accounting.
Module C — Financial Management
Overview, ratio analysis, financial mathematics (interest, YTM, forex), capital structure, investment decisions, leasing, working capital, derivatives.
Module D — Taxation and Fundamentals of Costing
Income tax/TDS/deferred tax, GST, cost and management accounting, costing methods, standard and marginal costing, budgets.
How to Pass the JAIIB AFM Exam
What You Need to Know
- Passing score: 50 out of 100 per paper (or minimum 45 in each paper with 50% aggregate in a single attempt)
- Assessment: Paper III of the four-paper JAIIB flagship diploma. Online MCQ examination in English or Hindi. Scheduled on dedicated dates (e.g., May 10 and November 28, 2026 sessions per IIBF calendar). Candidates register and pay per attempt.
- Time limit: 2 hours
- Exam fee: ₹4,000 first attempt / ₹1,300 per subsequent attempt per paper (+ convenience charges & taxes)
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
JAIIB AFM Study Tips from Top Performers
Frequently Asked Questions
What is JAIIB Paper 3 AFM?
It is the third paper of IIBF's JAIIB flagship diploma covering Accounting and Financial Management for Bankers — accounting processes, financial statements, CBS, financial management, taxation and costing.
What is the JAIIB AFM exam pattern?
Per IIBF JAIIB Rules & Syllabus 2026: approximately 100 objective MCQs for 100 marks in 2 hours, online mode, no negative marking. Medium is English or Hindi, chosen at registration.
What is the passing score for JAIIB AFM?
Minimum 50 marks out of 100 in the paper. Alternatively, at least 45 marks in each subject with an aggregate of 50% across all papers in a single attempt completes the examination.
How much does the JAIIB exam cost?
First attempt fee is ₹4,000 per paper; 2nd through 5th attempts are ₹1,300 each, plus convenience charges and applicable taxes. Candidates register separately for every attempt.
Who is eligible for JAIIB?
Only ordinary members of IIBF who have passed the 12th standard or equivalent may appear. Employers must be institutional members for staff membership.
Are these official IIBF exam questions?
No. These are original OpenExamPrep practice questions aligned to the official 2026 AFM syllabus modules. IIBF does not release its proprietary MCQ bank.