JAIIB IE&IFS study materials
JAIIB IE&IFS study resources

JAIIB IE&IFS study plan

JAIIB IE&IFS · Give each week a clear focus.

8 weeks · About 6 hours per week

Week 1

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

Week 2

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

Week 3

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

Week 4

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

Week 5

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

Week 6

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

Week 7

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

Week 8

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