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This page lists every JAIIB mock test on ClearShorts for 2027, organised the same way the IIBF syllabus is organised: paper, then module, then chapter. Start with a single chapter to find your weak areas, then move to full-length timed papers as the exam approaches. Answers appear instantly with explanations, there is no negative marking, and you can practise the free tests without creating an account.
Scroll down for free sample questions with answers, the JAIIB exam pattern and marking scheme, and a FAQ covering pass marks, question counts and how many mocks to attempt.
Try these 12 sample questions right now — no signup, no payment. Click Show answer to reveal the correct option and the reasoning behind it. They are taken directly from the free tests listed above.
Group Question: During the British colonial period, India's commerce and trade were severely hampered by unilateral transfers of capital. Q: Who published the first estimates of national income in India in his book "Poverty and Un-British Rule in India"?
Correct answer: C — Dadabhai Naoroji
According to the source, Dadabhai Naoroji published the first estimates of national income in India for the year 1867-1868 in his book 'Poverty and Un-British Rule in India'.
According to the American Institute of Certified Public Accountants (AICPA), which of the following best defines accounting?
Correct answer: B — An art of recording, classifying and summarising in a significant manner and in terms of money
The source text explicitly states the AICPA definition: 'Accounting is an art of recording, classifying and summarising, in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the results thereof'.
The fundamental accounting equation 'Assets = Liabilities + Capital' is derived from which accounting concept?
Correct answer: C — Dual Aspect Concept
The Dual Aspect concept dictates that every transaction has two effects (debit and credit). The fundamental equation Assets = Liabilities + Capital is the direct mathematical expression of this concept.
According to Sec 5(b) of the Banking Regulation Act, 1949, which of the following is an essential requirement to be called a bank?
Correct answer: C — Accepting deposits for the purpose of lending or investment
The Banking Regulation Act, 1949, strictly defines banking as accepting deposits of money from the public for the purpose of lending or investment, which are repayable on demand or otherwise.
What are the three universally recognized stages of the money laundering cycle?
Correct answer: A — Placement, Layering, and Integration
The money laundering cycle comprises three distinct stages: Placement (introducing illegal funds into the financial system), Layering (moving funds to obscure the audit trail), and Integration (reintroducing funds into the legitimate economy).
Group Question: The Indian retail banking sector is witnessing explosive growth due to changing consumer demographics. A global management consulting firm identified India as a top retail destination. Q: Which global management consulting firm identified India as the 'second most attractive retail destination' of the 30 emergent markets?
Correct answer: A — A. T. Kearney
A. T. Kearney, a global management consulting firm, specifically identified India as the 'second most attractive retail destination' of the 30 emergent markets as the retail banking growth story unfolds.
Group Question: A major public sector bank is restructuring its retail operations to compete with private banks. It currently segregates functions into departments like accounting, marketing, and planning. Q: What is the current business model adopted by this Public Sector Bank?
Correct answer: C — Departmental Approach
The Departmental Approach segregates the functions of the organization into departments such as accounting, marketing, and planning. This specialized functional approach is generally adopted by Public Sector Banks in India.
What term is used to describe economy-wide fluctuations in production or economic activity over several months or years?
Correct answer: B — b) Business cycle
The term business cycle (or economic cycle) refers to economy-wide fluctuations in production or economic activity over several months or years.
On what date is the Union Budget typically presented in the Parliament of India?
Correct answer: B — b) First of February
The annual budget of the country is called the Union Budget... Now, it is presented on the first of February. The rationale is that it provides time to implement it from first of April.
Group Question: During the British colonial period, India's commerce and trade were severely hampered by unilateral transfers of capital. Q: What was Dadabhai Naoroji's estimate of the per capita income for the year 1867-1868?
Correct answer: B — Rs. 20 per annum
Dadabhai Naoroji estimated the per capita income to be Rs. 20 per annum at current prices for the year 1867-1868.
Which regulatory body in India is responsible for advising the Central Government on the formulation of accounting policies and standards under the Companies Act, 2013?
Correct answer: B — National Financial Reporting Authority (NFRA)
As per the text, the 'National Financial Reporting Authority (NFRA)' is an independent regulatory body constituted under Section 132 of the Companies Act, 2013. It advises the Central Government on formulating accounting policies and standards, replacing the old NACAS.
Which of the following accounting concepts justifies the practice of charging depreciation on fixed assets over their useful lives rather than expensing the entire cost at purchase?
Correct answer: B — Going Concern Concept
The Going Concern concept assumes the business will continue its operations indefinitely. This long-term view is the reason why assets are depreciated over their useful lives rather than expensed immediately.
Our mock tests mirror the pattern below so that your practice score is a fair predictor of your real score. IIBF revises the syllabus and pass criteria from time to time, so treat this as a working summary and confirm the current rules on the official IIBF website before your exam.
| Particular | Details |
|---|---|
| Conducting body | Indian Institute of Banking & Finance (IIBF) |
| Mode | Online, at designated test centres |
| Number of papers | 4 |
| Marks per paper | 100 |
| Duration per paper | 120 minutes (2 hours) |
| Question type | Objective multiple choice, including case studies and numerical problems |
| Negative marking | None |
| Minimum per paper | 45 marks out of 100 |
| Aggregate to pass | 50 per cent across all papers in one attempt |
| Paper credit | A paper scored at 50 or above is normally carried forward if the aggregate is not cleared |
| Attempts allowed | Four consecutive attempts within the membership validity period |
| Medium | English and Hindi |
| Paper | Full name | Mock tests here | Practise |
|---|---|---|---|
| IE-IFS | Indian Economy & Indian Financial System | 46 | JAIIB IE-IFS mock test → |
| PPB | Principles & Practices of Banking | 55 | JAIIB PPB mock test → |
| AFM | Accounting & Financial Management for Bankers | 35 | JAIIB AFM mock test → |
| RBWM | Retail Banking & Wealth Management | 26 | JAIIB RBWM mock test → |
Most candidates fail JAIIB not because the syllabus is hard but because they read passively and never test recall under time pressure. The fastest correction is to reverse the order: attempt the chapter test first, score badly, and then read the chapter. You will remember far more, because you now know exactly what you did not know.
Work through one module at a time using the accordion above. Each chapter test is short enough to finish in a break between shifts. When you get a question wrong, do not simply note the right answer — read the explanation and write one line in your own words about why your choice was wrong. That one line is what survives to exam day.
In the last two weeks, switch to full-length timed papers. Sit for the whole 120 minutes without pausing, keep your phone out of reach, and do not check answers until you submit. The goal at that stage is not knowledge, it is stamina and pacing: roughly one question per minute with twenty minutes left over for the numerical questions in AFM.
A practical target is 65 per cent or better on every chapter test before you attempt a full paper, and a consistent 60 per cent on full papers before exam day. That margin absorbs the difficulty gap between practice questions and the real IIBF paper.
Yes. Every test marked FREE opens with no payment and no signup. You can also practise the sample questions on this page instantly. Premium tests unlock the full 3,240+ question bank along with detailed explanations for every option.
Each JAIIB paper carries 100 marks and is normally set as 100 objective questions to be answered in 120 minutes. Some papers include case-study and numerical questions that carry more than one mark, so the question count can be slightly under 100. Always confirm the current pattern on the official IIBF website before your exam.
A candidate must score a minimum of 45 out of 100 in each paper, with an aggregate of 50 per cent across all papers taken in a single attempt. If you score 50 or more in an individual paper but fail the aggregate, that paper is normally credited and carried forward. Verify the current rule with IIBF, as pass criteria have been revised in the past.
No. IIBF does not apply negative marking in JAIIB, so you should attempt every question rather than leaving blanks. Our mock tests follow the same rule so your practice score reflects your real score.
Work chapter by chapter first, then move to full-length papers. A realistic target is one chapter test a day for six weeks, then one full-length timed paper every second day in the final fortnight. Reviewing every wrong answer matters more than the number of tests.
No account is needed to take a free test. Creating a free account only adds score history, best-score tracking per test and a coverage bar so you can see which chapters you have not touched yet.
Every test currently published, in syllabus order. Free tests open immediately.
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