CAIIB Exam Analysis ABFM: CAIIB December 2025 Paper 3 ABFM analysis will be provided here for all shifts. Candidates can check shift wise memory based analysis topics and questions asked as per the candidates’ review.
CAIIB ABFM Exam 2025 Memory-Based Paper, Shift 1, 13th December 2025
The paper was of easy to moderate difficulty. As per the memory-based discussion from candidates and the transcript, numericals dominated the paper (around 30–35 questions). Most questions were module-based and formula-driven, especially from the valuation, leverage, capital budgeting, and risk-return chapters. Candidates who practiced numericals consistently found the paper manageable.
- Break-Even Point (BEP) – Numerical
- Leverage concepts
- Seed-stage funding
- Operating Leverage, Financial Leverage, Combined Leverage
- Numerical on PE Ratio
- PB Ratio and PS Ratio
- Section 72 (Amalgamation – Income Tax)
- Poison Pills
- EV / EBITDA – Numerical
- Character-Based Decision-Making Model
- Activity-Based Costing (ABC)
- Question on Relevant Costs
- Numerical On-Spot Rate
- Numerical on Cross Currency/Forex
- Arbitrage
- Business Analytics
- Diagnostic Analysis – Case Study
- Free Cash Flow to Firm (FCFF) and EBITDA
- Interest Coverage Ratio – Numerical
- Masala Bonds
- CFAT (Cash Flow After Tax)
- Equity Carve-Out
- Net Operating Profit Less Adjusted Taxes (NOPLAT)
- Horizontal Merger
- Reverse Merger
- Demerger
- Management By Objective (MBO)
- Death by Plan
- Succession Planning
- Data Mining
- Case Study on Private Equity
- Convertible Debentures
- Principle of Identity
- BARS (Behaviorally Anchored Rating Scale)
- Maslow’s Need Hierarchy Theory
- Green Finance Standards
- Dividend Discount Model (DDM)
- Gordon’s Growth Formula
Additional topics recalled by candidates:
- Startup India Action Plan
- Role of Investment Banker
- CAPM – Systematic Risk and Return
- ROIC (Return on Invested Capital)
- Profitability Index
- Green Bonds and ISO Standards related to Sustainable Finance
CAIIB ABFM Exam Memory-Based Paper, June 2025 Cycle
The CAIIB ABFM June 2025 exam tested both numericals and concepts across shifts. Shift 1 was easy to moderate with heavy numerical weightage, while Shifts 2 and 3 were lengthy and moderate. Questions covered valuation, leverage, capital budgeting, management, startups, ethics, and sustainable finance. Check the CAIIB ABFM previous cycle analysis below.
CAIIB ABFM Exam 2025 Memory-Based Paper – Shift 1
The paper was of easy to moderate difficulty. Questions asked in CAIIB ABFM June 2025 Shift 1 were as follows:
- Break-Even Point
- Leverage
- Seed Stage
- Operating Leverage, financial leverage, combined leverage
- Numerical on PE Ratio
- PNCPS
- Section 72
- Poison Pills
- EV/EBITDA
- Character-Based Decision-Making Model
- Activity-based costing
- Question on Relevant costs
- Numerical On-Spot Rate
- Numerical on cross currency
- Arbitrage
- Business Analytics
- Diagnostic Analysis—Case Study
- Free Cash Flow to firm and EBIDTA
- Interest Coverage Ratio
- Masala Bonds
- CFAT
- Equity Carve-Out
- Net Operating Profit Less Adjusted Taxes
- Horizontal Merger
- Reverse Merger
- Demerger
- Management By Objective
- Death by Plan
- Succession Planning
- Data Mining
- Case study on Private Equity
- Convertible Debentures
- Principle of Identity
- BARS
- Maslow
- Green Finance Standards
- Dividend Discount Model
- Gordon’s Formula
CAIIB ABFM Exam 2025 Memory-Based Paper – Shift 2
The questions asked in the CAIIB ABFM 2025 Shift 2 and Shift 3 were lengthy and detailed. The difficulty level was also moderate for both shifts. The questions were as follows:
- Schools of Management
- Structures from Module A
- Motivation Topic
- Break-Even Point
- Leverage
- Ethical decision-making
- Enterprise Value
- Leader Qualities
- Discounted Cash flow
- Relative Valuation model
- International Capital budgeting
- CVP decision-making
- ARR
- Internal accrual
- ESC
- PNCPS
- PE Ratio
- PS Ratio
- EV/EBITDA
- Merger and Amalgamation
- SPAC
- Hybrid Warrant
- Startup – 4 questions
- Case study in AI
- Venture Capital Funding
- Incubator
- Seed Fund Scheme
- ISO Standard
- SIDBI
- Sustainable finance
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