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JAIIB IE and IFS Syllabus 2026, Exam Pattern, Detailed Syllabus, Preparation Tips

The JAIIB exam, conducted by the Indian Institute of Banking & Finance, is an important opportunity for banking professionals to get higher pay and get priority in promotional opportunities. The exam includes four main subjects that build a strong understanding of banking concepts.

One of these subjects is Indian Economy & Indian Financial System (IE & IFS). Having a clear idea of the complete syllabus for this paper is important for focused and effective preparation. Below, we have provided the detailed JAIIB IE & IFS Syllabus 2026, covering all the essential topics candidates must study.

JAIIB IE & IFS Syllabus 2026

The JAIIB IE & IFS paper of the JAIIB Exam consists of 100 questions for a total of 100 marks. Candidates will be given a total of 2 hours to attempt questions from this subject. To help in effective prep we have provided the module-wise JAIIB IE & IFS Syllabus below.

JAIIB IE and IFS Syllabus 2026, Exam Pattern, Detailed Syllabus, Preparation Tips_3.1

JAIIB IE&IFS Exam Pattern 2026

The Indian Economy & Indian Financial System paper in JAIIB is structured to evaluate both basic and applied knowledge.

  • The Mode of Exam is Online (Computer-Based Test)
  • Objective Type (Multiple Choice Questions – MCQs)
  • Total Questions: 100 Questions
  • Maximum Marks: 100 Marks
  • Time Duration: 2 Hours (120 Minutes)
  • No Negative Marking (Candidates are encouraged to attempt all questions)
  • Qualifying Marks: Candidates must secure at least 50% marks in the IE & IFS paper.

Module A: Indian Economic Architecture Syllabus

The JAIIB IE & IFS Module A helps candidates understand the structure, evolution, and current challenges of the Indian economy. It covers economic planning, reforms, globalisation, and key development issues relevant for banking and competitive exams.

Unit Syllabus Topics
Indian Economy – Overview
• Evolution of Indian Economy
• Basic characteristics of Indian Economy
• Indian economy in pre-British period
• Economy till 2008 and post-2008
• Structural changes in Indian Economy
Economic Planning in India
• Meaning and definition of economic planning
• History and objectives of planning
• Types of planning
• Achievements of planning
• Financial resources for Five-Year Plans
Sectors of Indian Economy
• Primary, Secondary, Tertiary sectors – role & importance
• Quaternary and Quinary sectors
• Agricultural revolutions
• GDP contribution of sectors
• Organised vs unorganised sector
• Sunrise sectors and employment trends
Priority Sector & MSME
• Priority sector – definition and role
• Priority Sector Lending norms
• MSME – definition and significance
• MSME contribution to GDP
• Government initiatives – Atmanirbhar Bharat, Make in India, Start-up India
Infrastructure
• Infrastructure and economic development
• Power, energy, transport (rail, road, aviation)
• Social infrastructure – health, education, family welfare
Globalisation
• Concept and advocacy of globalisation
• Impact on Indian economy
• Fair globalisation
• Protectionism and reversal of globalisation
Economic Reforms
• Overview of reforms
• Real sector and financial sector reforms
• Global integration reforms
Foreign Trade & Investment
• Foreign Trade Policy (1990s, 2015–20)
• FDI and FII trends
• Economic growth vs development
International Institutions
• IMF, World Bank, WTO
• India’s role in WTO
• Regional economic cooperation
Sustainable Development
• SDGs and climate change
• India’s progress in SDGs
• CSR initiatives
Issues in Indian Economy
• Poverty and inequality
• Jobless growth
• Migration pressure
• Pandemic-related challenges

JAIIB Exam Date 2026 – Click to Check

Module B: Economic Concepts Related to Banking Syllabus

This module builds strong conceptual clarity of basic economics required for banking exams. It focuses on demand–supply, inflation, policies, national income, and budget concepts.

Unit Syllabus Topics
Basics of Economics
• Meaning of economics
• Microeconomics and macroeconomics
• Market, command and mixed economies
Demand and Supply
• Demand and supply schedules
• Shifts in demand and supply
• Equilibrium analysis
• Price and quantity changes
Money Supply & Inflation
• Meaning of money
• Money supply
• Inflation – causes and measurement
Theories of Interest
• Classical theory
• Keynes’ liquidity preference theory
• Money market equilibrium
• IS-LM model
Business Cycles
• Meaning and characteristics
• Phases of business cycle
Monetary & Fiscal Policy
• Tools of monetary policy
• Monetary policy during global financial crisis
• Fiscal policy and FRBM Act
National Income & GDP
• Concepts and computation
• Utility of national income
Union Budget
• Budget receipts and expenditure
• Plan expenditure
• Deficit concepts

Module C: Indian Financial Architecture

This module explains the structure and regulation of India’s financial system. It covers banks, NBFCs, insurance, microfinance, regulators, and major financial institutions.

Unit Syllabus Topics
Indian Financial System
• Meaning and phases of evolution
• Banking reforms
• Narasimham Committee
• Present status of banking system
Banking Structure in India
• Types of banks
• Scheduled commercial banks
• RRBs, cooperative banks
• Payment banks, SFBs, NBFCs
Banking Regulation
• RBI Act, 1934
• Banking Regulation Act, 1949
• Structure and key provisions
Development Financial Institutions
• Role and objectives of DFIs
• IFCI, ICICI, IDBI, SIDBI
• EXIM Bank, NABARD, NHB, NaBFID
Microfinance Institutions
• SHG-Bank linkage
• JLGs
• RBI regulations for MFIs
• Priority sector lending
NBFCs
• Concept and evolution
• Classification and regulation
• Scale Based Regulation (SBR)
• Ombudsman scheme
Insurance Sector
• History and development
• Privatisation and FDI
• Insurance penetration
• Reinsurance and repositories
Financial Regulators
• RBI, SEBI, IRDAI, PFRDA
Banking Reforms
• Bad banks
• Infrastructure financing
• EASE reforms

Module D: Financial Products and Services

This module focuses on financial markets and products offered by banks and financial institutions. It is highly practical and important for professional banking knowledge.

Unit Syllabus Topics
Financial Markets
• Meaning and evolution
• Market segments
• Functions and price discovery
Money & Capital Markets
• Call, notice, term money
• T-bills, CDs, CPs
• Repo and LTRO
Fixed Income Markets
• Government securities
• Bond valuation
• Corporate bond market
Capital Markets
• Primary and secondary markets
• Stock exchanges
• SEBI regulations
• ASBA, QIP
Forex Market
• Evolution of forex market in India
• FEMA, FEDAI
• ADRs, GDRs
Market Interconnection
• Integrated markets
• Treasury operations
• Contagion effect
Merchant Banking
• Concept and evolution
• SEBI regulations
• Merchant banking activities
Derivatives Market
• Futures, options, swaps
• Credit default swaps
• ISDA agreement
Factoring & TReDS
• Factoring and forfaiting
• TReDS mechanism
Venture Capital
• VC financing stages
• Regulatory aspects
• Exit routes
Leasing & Hire Purchase
• Types of leasing
• Legal and regulatory aspects
Credit Rating
• CRAs and credit scoring
• CICs and credit scores
Mutual Funds
• Types and functions
• NAV, riskometer
• Investment strategies
Insurance Products
• Life and non-life insurance
• Bancassurance
• Social security schemes
Pension Products
• NPS, APY, EPF, PPF
Para-Banking Services
• Financial services by banks
• Disclosure norms
REITs & InvITs
• Concept and structure
• Taxation and regulations

Tips to Cover the JAIIB IE & IFS Syllabus

The Indian Economy & Indian Financial System (IE & IFS) subject is the most common in all banks and with focused preparation, JAIIB aspirants can easily crack this paper. Here, are some useful tips to consider:

  1. Focus more on high-weight topics like Economic Reforms, Monetary & Fiscal Policy, Financial Markets, MSME, and Priority Sector.
  2. Work on conceptual clarity over rote learning, especially in money supply, inflation, interest rates, and banking-related economics.
  3. Link topics with current RBI policies, Union Budget, and government initiatives for better understanding.
  4. Cover financial markets and instruments such as money market, capital market, bonds, repo, derivatives, etc.
  5. Cover the role and functions of regulators like RBI, SEBI, IRDAI, and PFRDA with recent updates.
  6. Understand international organisations and global issues (IMF, World Bank, WTO, SDGs, climate change) in an India-centric context.
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FAQs

What Modules are included in the modules are there in the JAIIB IE & IFS Syllabus?

The four key modules included in the JAIIB IE & IFS Syllabus 2026 are Indian Economic Architecture, Economic Concepts Related to Banking and Indian Financial Architecture and Financial Products And Services.

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