Concepts Master · JAIIB · IE&IFS

IE&IFS: Concepts and Practice

For JAIIB’s Indian Economy and Indian Financial System paper: every unit of the syllabus taught in plain words, with the latest official figures: the economy and its sectors, money, inflation and policy, the Budget, the banks and their regulators, and the markets a banker works in, with practice questions and every answer explained. By G S Khurana; 2026–27 edition.

The chapters

• APart A: Indian Economic Architecture
• 1The Indian economy and its sectorsp. 1
• 2Planning, NITI Aayog, the priority sector and MSMEsp. 15
• 3Infrastructure, including social infrastructurep. 29
• 4Globalisation, reforms, trade and foreign investmentp. 43
• 5International economic organisationsp. 57
• 6Climate change, the SDGs and the economy’s issuesp. 71
• BPart B: Economic Concepts Related to Banking
• 7Economics, its kinds, and supply and demandp. 85
• 8Money supply and inflationp. 99
• 9Theories of interest and business cyclesp. 113
• 10Monetary policy and fiscal policyp. 127
• 11National accounts and GDPp. 141
• 12The Union Budgetp. 155
• CPart C: Indian Financial Architecture
• 13The financial system and the banking structurep. 169
• 14The RBI Act and the Banking Regulation Actp. 183
• 15Development finance and microfinance institutionsp. 197
• 16NBFCs and insurance companiesp. 211
• 17The regulators and their rolesp. 225
• 18Reforms and developments in bankingp. 239
• DPart D: Financial Products and Services
• 19Financial markets and the money marketp. 253
• 20Capital markets, stock exchanges and bondsp. 267
• 21The forex market, market links and merchant bankingp. 281
• 22Derivatives, factoring, TReDS and venture capitalp. 295
• 23Leasing, hire purchase, credit rating and mutual fundsp. 309
• 24Insurance, pension, para-banking, REITs and InvITsp. 323

Corrections and updates: see the errata page.