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All about JAIIB New Syllabus - Paper I (IE&IFS)

The objective of the JAIIB exam is to provide basic knowledge of banking and financial services. From this year (2023) onwards, new JAIIB Syllabus has been released.There will be 4 subjects namely:

1. Indian Economy & Indian Financial System
2. Principles & Practices of Banking
3. Accounting & Financial Management for Bankers
4. Retail Banking & Wealth Management

 

The new JAIIB Syllabus is vast, so lets understand about the first paper in this article.

PAPER 1 – Indian Economy & Indian Financial System

This paper consists of four Modules which are as follows:

Module A - Indian Economic Architecture

An Overview of Indian Economy, Sectors of the Indian Economy, Economic Planning in India & NITI Aayog, Role of Priority Sector and MSME in the Indian Economy, Infrastructure including Social Infrastructure, Globalisation- Impact on India, Economic Reforms, Foreign Trade Policy, Foreign Investments and Economic Development, International Economic Organizations (World Bank, IMF, etc.), Climate change, Sustainable Development Goals (SDGs), Issues Facing Indian Economy.

Module B-  Economic Concept related to Banking

Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies, Supply and Demand, Money Supply and Inflation, Theories of Interest, Business Cycles, Monetary Policy and Fiscal Policy, System of National Accounts and GDP Concepts, Union Budget.

Module C- Indian Financial Architecture

Indian Financial System-An Overview, Indian Banking Structure, Banking Laws – Reserve Bank of India Act, 1934 & Banking Regulation Act, 1949, Development Financial Institutions, Micro Finance Institutions, Non-Banking Financial Companies (NBFCs),Insurance Companies, Indian Financial System- Regulators and Their Roles, Reforms & Developments in the Banking Sector.

Module D- Financial Products and Services

Financial Markets, Money Markets, Capital Markets and Stock Exchanges, Fixed Income Markets – Debt and Bond Markets, Foreign Exchange Markets, Interconnectedness of Markets and Market Dynamics, Merchant Banking Services, Derivatives Market, Factoring, Forfaiting and Trade Receivables Discounting System (TReDS), Venture Capital, Lease Finance and Hire Purchase, Credit Rating and Credit Scoring, Mutual Funds, Insurance Products, Pension Products, Para Banking and Financial Services Provided by Banks, Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts.

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Points to remember:

• The test is objective in nature
• The test comprises 100 questions.
• Each paper is of 100 marks 
• Time allotted for each paper is 120 minutes.
• Entrants will be considered if they get at least 45 marks in each subject and a cumulative 50% in all subjects in one attempt.
• Applicants must re-register if they cannot pass the test after three years or five tries, whichever comes first. Such applicants will not be given credit for any prior passed subjects.
• Starting when you register for the first try, the three-year window or five tries, whichever comes first, will begin.
• Attempts will be recorded when an applicant applies for the examination, whether or not the individual takes the test.
• A candidate will be qualified to apply for any five of the six exams within three years.
• The JAIIB Exam 2023 test has no age restrictions. However, candidates must work in the banking and financial industry.

For further detailed information please visit the IIBF official website:  https://www.iibf.org.in/

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