JAIIB books by Macmillan | NS Toor latest edition 2023
JAIIB or Junior Associate of Indian Institute of Bankers is a certification course offered by the Indian Institute of Banking and Finance (IIBF). It is a flagship program of the institute and is designed to impart basic knowledge in banking and financial services. The certification is recognized by all banks in India and is a necessary requirement for career advancement in the banking industry.
JAIIB Certification Exam Overview
JAIIB is a flagship course of the Indian Institute of Banking and Finance (IIBF) that aims to provide basic knowledge of banking and financial services. IIBF syllabus for JAIIB has recently been modified The exam consists of four papers, namely, Indian Economy & Indian Financial System, Principles & Practices of Banking, Accounting & Financial Management for Bankers, and Retail Banking and Wealth Management.
Benefits of JAIIB Certification
JAIIB certification has several benefits for banking professionals. Firstly, it enhances the knowledge and skills in banking and financial services, making candidates better equipped to handle their job responsibilities. Secondly, it improves their career prospects, making candidates eligible for promotions and better job opportunities. Finally, it helps candidates stay updated with the latest developments and trends in the banking industry.
Importance of Choosing the Right Book
Choosing the right book is crucial for JAIIB preparation because it can make a significant difference in the candidate's performance. The right book should cover all the essential topics in detail, have clear explanations, and provide practice questions for each topic. It should also be written in a language that is easy to understand and follow. A good book will not only help the candidate understand the concepts but also build their confidence to face the exam.
Criteria for Selecting the Best Book for JAIIB
Before selecting the best book for JAIIB, you should consider the following criteria:
- Content: The book should cover all the topics in detail and provide a comprehensive understanding of the subject.
- Language: The language should be simple and easy to understand, even for non-commerce background students.
- Practice Questions: The book should have an adequate number of practice questions to help you evaluate your preparation level.
Best Book for JAIIB to pass the Exam
1. Principles and Practices of Banking
"Principles & Practices of Banking" is a comprehensive book that covers all the essential concepts of banking. It is written by Indian Institute of Banking and Finance (IIBF) and is an ideal book for those who want to gain a complete understanding of banking operations. The book covers a wide range of topics, including the history of banking, types of banks, the role of the central bank, and more.
2. Accounting and Financial Management for Bankers
"Accounting & Financial Management for Bankers" is another essential book for JAIIB exam preparation. This book covers various accounting concepts, including accounting standards, balance sheets, profit and loss statements, and more. It is also an excellent resource for those who want to gain a deeper understanding of financial management, including working capital management, capital budgeting, and risk management.
3. Indian Economy & Indian Financial System
"Indian Economy & Indian Financial System" is a must-read book for those who want to gain a deeper understanding of the Indian economy and financial system. This book covers various topics related to the Indian economy, including economic reforms, fiscal policy, monetary policy, and more. It also covers the Indian financial system, including various financial institutions, financial markets, and more.
4. Retail Banking and Wealth Management
"Retail Banking and Wealth Management" is an excellent book for those who want to focus on retail banking and wealth management. This book covers various topics related to retail banking, such as retail banking products and services, customer relationship management, and more. It also covers wealth management concepts, such as asset allocation, investment planning, and risk management.
Conclusion
JAIIB exam is a challenging exam that requires extensive preparation. By using the right study materials, such as the books listed above, you can significantly increase your chances of passing the exam.
FAQs
Q1. Can I rely only on these books to pass the JAIIB exam?
Ans. While these books cover all the essential topics for the JAIIB exam, it is always recommended to refer to other study materials as well, such as previous year question papers and mock tests.
Q2. Are these books useful for those who are not pursuing a career in banking?
Ans. While these books are primarily designed for those pursuing a career in banking, they are still an excellent resource for anyone who wants to gain a deeper understanding of banking concepts, financial management, and the Indian economy and financial system.
Q3. Are these books written in easy-to-understand language?
Ans. Yes, all these books are written in simple and easy-to-understand language, making it easy for anyone to grasp the concepts.