JAIIB IE & IFS Memory Based Questions: 1 November 2026

01/11/2026

Table of Contents

JAIIB IE & IFS Recollected Questions: 1 November 2026

JAIIB is a flagship certification course offered by the Indian Institute of Banking & Finance (IIBF). The examination is conducted twice a year, generally in May and November.

The JAIIB Indian Economy & Indian Financial System (IE & IFS) Exam held on 1 November 2026 has been completed. Ambitious Baba is providing recollected questions from the IE & IFS examination to help candidates prepare effectively for the upcoming exam shifts.

These recollected question papers are based on questions remembered by candidates who appeared in the examination. Since several questions and concepts are frequently repeated in subsequent examinations, these papers will be highly useful for revision and practice.

Candidates appearing in the upcoming shifts are advised to practice these JAIIB IE & IFS Recollected Questions to strengthen their preparation and improve their chances of scoring well in the examination.

Stay connected with Ambitious Baba for the latest JAIIB study materials, recollected questions, mock tests and exam updates.

Questions related to the UCRF abbreviation and its associated financial or banking concept.
Meaning and purpose of the green shoe option.
Meaning of single factoring and international factoring.
TReDS: Meaning and working of the Trade Receivables Discounting System.
Differences between leasing and hire purchase.
Questions related to the mentioned LPT term and its full form or concept.
Role, responsibilities and jurisdiction of the Insurance Ombudsman.
Important rules and concepts related to insurance coverage.
Questions based on the calculation of Gross Domestic Product.
NNP Net National Product formula and related concepts.
Numerical questions based on the calculation of revenue deficit.
Formula and meaning of fiscal deficit.
Different measures of money supply, including M1 and M3.
Relationship between M1 and time deposits with banks.
CPI and WPI: Meaning, differences and measurement of inflation.
Meaning of the quinary sector and its role in high-level decision-making.
Classification of agriculture under the primary sector.
Questions related to the causes and reasons for migration.
Investment and annual turnover criteria for classifying a medium enterprise.
Why agriculture is included in the primary sector.
Quinary Sector: Activities related to high-level decision-making and specialised services.
Objectives and important features of the Parvatmala Pariyojana scheme
Objectives related to road and highway infrastructure development of the Bharatmala Pariyojana
Eligibility, insurance coverage and benefits under Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Eligibility, premium and insurance benefits under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Foreign Direct Investment limits applicable to private sector banks.
Number of members in the RBI Central Board and its composition.
Section 22 of RBI Act Provisions related to the issue of banknotes by RBI.
RBI Act, 1934: Important provisions and regulations under the Act.
Questions based on important provisions of the Banking Regulation Act.
Eligibility criteria and rules for appointing full-time directors.
RRB Shareholding Pattern: Ownership ratio of Central Government (50%), State Government (15%) and Sponsor Bank (35%).
Priority Sector Lending targets and limits for weaker sections in Small Finance Banks (SFBs) and Scheduled Commercial Banks (SCBs).
Year of establishment and main purpose of the Industrial Finance Corporation of India (IFCI)
Structure and number of members on the board of NaBFID.
Central Government’s shareholding in the National Bank for Financing Infrastructure and Development.
Objectives, eligibility and financial assistance limits under the SMILE scheme.
Meaning, functions and important regulations related to MFIs.
Bond structure and process of transferring bad loans.
: Full form of EASE (Enhanced Access and Service Excellence) and its objectives.
Full form, objectives and benefits of the SFURTI scheme.
Identification of derivative financial instruments and their types.
Stock Exchanges: Establishment years of BSE (1875), CSE (1908), OTCEI (1990), NSE (1992), Metropolitan Stock Exchange (2012), NSE IFSC (2016) and India INX (2017).
Meaning and features of SOFR (Secured Overnight Financing Rate) and SONIA (Sterling Overnight Index Average) Benchmark Rates
Roles of Sponsor, Trustee and Special Purpose Vehicle (SPV) of REITs
Meaning, purpose and features of green bonds.
Eligibility, contribution and pension benefits of Atal Pension Yojana (APY)