Study Module A of JAIIB Paper 1 covering Indian Economic Architecture – GDP, economic sectors, economic planning, Five Year Plans, NITI Aayog, fiscal policy, budget concepts, and India’s economic development. Essential topics for IE & IFS exam.
Priority Sector Lending: Foundation of Inclusive Banking Priority Sector Lending (PSL) is a cornerstone of India’s financial inclusion strategy, mandating banks to allocate credit to specific sectors crucial for economic and social development. For JAIIB aspirants, understanding PSL guidelines and MSME financing is essential for banking operations and compliance. Priority Sector Lending Framework RBI Guidelines…
Understanding Economic Sectors: The Foundation of Indian Economy The Indian economy is structured into three main sectors, each playing a vital role in the country’s economic development. For JAIIB aspirants, understanding the sectoral composition, contributions, and interdependencies is crucial for banking and policy analysis. Three-Sector Model Overview Economic Sector Classification Sector Alternative Names Core Activities…
Introduction to Economic Planning in India Economic planning has been a cornerstone of India’s development strategy since independence. Understanding the evolution from centralized Five-Year Plans to the market-oriented approach of NITI Aayog is crucial for JAIIB aspirants as it directly impacts banking policies and financial sector development. Historical Background of Economic Planning Pre-Independence Planning Efforts…
Introduction to Indian Economy The Indian economy is one of the world’s fastest-growing major economies and plays a crucial role in global economic dynamics. For JAIIB aspirants, understanding the fundamentals of the Indian economy is essential as it forms the foundation of Paper 1 – Indian Economy & Indian Financial System. Key Characteristics of Indian…
