JAIIB IE&IFS study plan
JAIIB IE&IFS · Give each week a clear focus.
8 weeks · About 6 hours per week
Indian Economy
Build a one-page map of Indian national income concepts (GDP, GNP, NDP, NNP at market price and factor cost) and write the conversion formula between each pair from memory
Explain the difference between nominal and real GDP and compute a deflator from a simple two-year dataset you construct yourself
List the sectors covered by the Index of Industrial Production and the eight core industries, and state the weight of each core industry in the index
Sketch how the Union Budget's revenue account and capital account are structured, identifying where fiscal deficit, revenue deficit and primary deficit appear
Your checkpoint
A single hand-drawn or typed formula sheet covering national income aggregates, deficit definitions and core-industry weights, self-tested with 10 recall questions answered without notes
Indian Economy
Trace the transmission channels of monetary policy from the policy repo rate to deposit and lending rates, naming each intermediate step
Distinguish CRR, SLR, repo, reverse repo, MSF and the liquidity adjustment facility by counterparty, collateral and purpose
Describe how the Monetary Policy Committee is constituted, how often it meets and what its inflation target and tolerance band are
Solve three numerical problems on money multiplier and credit creation given reserve ratios and initial deposits
Your checkpoint
A one-page comparison table of all RBI liquidity tools plus worked solutions to the three money-multiplier problems, all produced without reference material
Indian Economy
Classify inflation by cause (demand-pull, cost-push, imported, structural) and match each type to the policy response normally used
Interpret the components of the consumer price index and the wholesale price index and explain why the two series can diverge
Explain the fiscal policy instruments available to the government and distinguish automatic stabilisers from discretionary measures
Summarise the main features of the FRBM framework, including the debt and deficit anchors it sets
Your checkpoint
A two-page inflation and fiscal policy brief with a table mapping inflation type to policy tool, plus five self-written multiple-choice questions with answer keys
Indian Economy
Outline the external sector: current account and capital account components, and how the balance of payments must balance
Explain how the exchange rate is determined under fixed, floating and managed float regimes, and define nominal, real and effective exchange rates
Describe the role, functions and instruments of the WTO and explain India's position on key disputes and special and differential treatment
Identify the major multilateral and regional institutions India engages with and the nature of that engagement
Your checkpoint
A balance-of-payments worked example that you construct and balance yourself, plus a glossary of 20 external-sector terms defined in your own words
Indian Financial System
Map the structure of the Indian financial system into regulators, markets, intermediaries and instruments on a single diagram
State the mandate and at least three specific functions of RBI, SEBI, IRDAI, PFRDA and IFSCA, and explain how their jurisdictions differ
Distinguish scheduled from non-scheduled banks, and commercial from cooperative banks, by the criteria that actually separate them
Compare the money market instruments (call money, treasury bills, commercial paper, certificates of deposit) by issuer, tenor and minimum denomination
Your checkpoint
A hand-drawn institutional map of the financial system with every regulator and market segment labelled, checked against your notes for completeness
Indian Financial System
Describe the primary and secondary market process for government securities, including the role of primary dealers and the auction formats used
Explain how a bond's price responds to a change in yield, and compute price change for a given duration and yield shift
Outline the equity market structure from issuer to investor, naming the roles of merchant banker, registrar, depository and clearing corporation
List the investor protection and grievance redressal mechanisms available in securities markets and in banking
Your checkpoint
Three fully worked bond-pricing problems (price from yield, yield from price, duration-based price change) with clean solutions and no note references
Indian Economy & Indian Financial System
Connect monetary policy decisions to their effect on bank balance sheets, bond yields and credit growth in a written chain of reasoning
Explain the main financial inclusion initiatives and the role of payment systems and digital infrastructure in extending access
Describe the major banking sector reforms and the current regulatory framework for capital adequacy, asset classification and resolution
Identify the key non-banking and development finance institutions and state what each does that a commercial bank does not
Your checkpoint
A 500-word integrated note showing how one repo rate change propagates through the financial system and the real economy, with every link justified
Indian Economy & Indian Financial System
Re-solve every numerical problem attempted in weeks 1 to 7 and record the error type for any you still get wrong
Answer two full-length timed mock tests under exam conditions and score each by domain
Re-read only the topics flagged as weak in the mock analysis, and rewrite the affected section of your formula sheet
Recite from memory the definitions, limits, ratios and institutional facts most likely to be tested
Your checkpoint
A mock-test error log with every wrong answer traced to a specific topic, plus a final one-page revision sheet that replaces all earlier notes
Milestones
Week 2: You can explain the policy rate transmission chain and all RBI liquidity tools from memory, and correctly solve a money-multiplier problem on the first attempt
Week 4: You can build and balance a simple balance of payments and define external-sector terms without notes, completing domain 1 coverage
Week 6: You can draw the financial system map from memory and price a bond from its yield without looking anything up
Week 8: Both timed mock tests are completed with scores recorded by domain, and every error in the log has a named topic and a corrected revision-sheet entry