Comprehensive JAIIB MCQs | Indian Economy & Indian Financial System | Paper-I

Welcome Friends to our Blog MCQXAM. Indian Economy & Indian Financial System is a very Important Paper for those preparing for JAIIB (Junior Associate of the Indian Institute of Bankers) Exam. It is very crucial to have a solid grasp of concept about Indian Economy & Indian Financial System for clearing the JAIIB Exam.

We have prepare and collected some fundamental questions and answers in the form of MCQ Questions and Answers arranged into multiple Quizzes. It can help you to understand the topics. A solid fundamental understanding will build your confidence and encourage you to think critically and enables you to answer the JAIIB Questions correctly in the Exam and increase your chances to pass the exam with flying colors. It is advisable to practice these Questions and Answers on regular basis to raise your confidence Level. Let’s dive into the essentials that every banker must master!


Practice MCQ Question and Answer

Indian Economy & Indian Financial System is the Paper I of JAIIB Exam. It is divided into Four modules. Each Module has different number of Units which is 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 Concepts Related to Banking

  • Fundamentals of Economics, Microeconomics, 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
  • Interconnection 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 (InvITs)