NIBM Interview Prep INDIAN ECONOMY - CHAPTER SUMMARIES + COMPLETE INTERVIEW Q&A
One point one. Micro versus Macro Economics
One point two. Economic Systems
One point three. Four Sectors of Economy
One point four. Factors of Production and Types of Goods
One point five. Investment and Circular Flow
Three Methods of GDP Calculation:
One point seven. GDP versus GVA
One point eight. Nominal versus Real GDP
One point nine. ICOR (Incremental Capital Output Ratio)
One point eleven. Exchange Rates
One point twelve. Recession versus Slowdown
One point thirteen. Economic Development versus Growth
Two point one. Money and Banking Basics
Two point two. Money Supply Measures
Two point three. Money Creation (Fractional Reserve Banking)
Monetary Policy Committee (MPC):
Two point five. Monetary Policy Instruments
Two point six. OMO, MSS and Sterilization
Two point seven. RBI - Roles and Functions
Two point eight CRR versus SLR - Key Differences
Two point nine Indian Financial System Structure
Two point ten Base Rate, MCLR and External Benchmark Rate
Two point eleven Securities and Financial Markets
Two point twelve Digital Payments
Chapter three - Money and Banking Part two (EXTREMELY IMPORTANT)
Three point two Narasimham Committee Reforms
Three point three RBI - Government Relationship
Three point four NPA (Non-Performing Assets) and Crisis
Three point five Resolution Framework
RBI Circular (June twenty nineteen) on NPA Resolution:
Three point six Insolvency and Bankruptcy Code (IBC) twenty sixteen
Three point seven Bad Bank (NARCL)
Three point eight Development Financial Institutions (DFIs)
Three point nine FSDC (Financial Stability and Development Council)
Three ten Corporate Governance in Banks (PJ Nayak Committee
Chapter four - Government Budgeting Budget, Deficits, Fiscal Policy, FRBM, GST, Tax System
Four point two Budget Classification: Revenue versus Capital
Four point four Fiscal Policy
Four point five FRBM Act two thousand three
Four point six Government Accounts
Four point seven India's Tax System
Four point eight GST (Goods and Services Tax)
Four point nine Finance Commission and Centre-State Transfers
RBI / Monetary Policy - Interview Q&A
One. What is the role of the Reserve Bank of India in the economy?
Three. What is the reverse repo rate?
Five. What is CRR (Cash Reserve Ratio)?
Eight. What is Term Repo? What is LTRO?
Eleven. What penalties can RBI impose if banks don't maintain CRR/SLR?
Chapter two - Section two point seventeen
Balance Sheet / Accounting (VERY IMPORTANT)
One. What is the difference between a Balance Sheet, P&L Account, and Cash Flow Statement?
Applied / Thinking Questions (VERY IMPORTANT for NIBM)
One. If you are a banker, how would you decide whether to give a loan or not?