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IE-IFS Capsule Cards PRO Fundamentals of Economics…
What is the Greek origin of the word 'Economics'?
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Origin of Economics
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 79
WA 79
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What is the primary study focus of Microeconomics?
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Microeconomics Focus
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 65
WA 65
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What are the three fundamental questions every society must answer?
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Three Economic Problems
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 61
WA 61
IE-IFS Capsule Cards PRO Fundamentals of Economics…
How did Adam Smith define Economics?
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Adam Smith's Definition
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 60
WA 60
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What does Macroeconomics primarily deal with?
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57 Views
Macroeconomics Focus
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 57
WA 57
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IE-IFS Capsule Cards PRO Fundamentals of Economics…
Which famous book was written by Adam Smith and when?
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54 Views
The Wealth of Nations
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 54
WA 54
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What is Prof. Alfred Marshall's definition of Economics?
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Marshall's Welfare Definition
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 52
WA 52
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What characterizes a Command or Socialistic Economy?
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51 Views
Command Economy
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 51
WA 51
IE-IFS Capsule Cards PRO Fundamentals of Economics…
How did Lionel Robbins define the subject of Economics?
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50 Views
Robbins' Scarcity Definition
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 50
WA 50
IE-IFS Capsule Cards PRO Fundamentals of Economics…
Who is considered the pioneer of modern Macroeconomics?
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Father of Macroeconomics
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 50
WA 50
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IE-IFS Capsule Cards PRO Fundamentals of Economics…
What is the extreme case of a market economy called?
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Laissez-Faire Economy
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 50
WA 50
IE-IFS Capsule Cards PRO Fundamentals of Economics…
Name the landmark 1936 book written by J.M. Keynes.
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Keynes' Revolutionary Book
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 49
WA 49
IE-IFS Capsule Cards PRO Fundamentals of Economics…
How does a Market Economy resolve the three fundamental questions?
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Market Economy (Capitalism)
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 49
WA 49
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What is a Mixed Economy?
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Mixed Economy
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 44
WA 44
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What type of economic system does India follow?
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India's Economic System
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 44
WA 44
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IE-IFS Capsule Cards PRO Fundamentals of Economics…
Is Economics concerned with production or consumption?
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Economics as a Science
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 44
WA 44
IE-IFS Capsule Cards PRO Fundamentals of Economics…
Why is resource scarcity alone not the only economic problem?
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42 Views
Alternative Uses of Resources
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 42
WA 42
IE-IFS Capsule Cards PRO Fundamentals of Economics…
In Robbins' definition, what do 'ends' and 'means' represent?
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Ends and Means Concept
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 40
WA 40
IE-IFS Capsule Cards PRO Fundamentals of Economics…
Which type of economy operated in the Soviet Union during the 20th century?
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Soviet Union Economy Type
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 40
WA 40
IE-IFS Capsule Cards PRO Fundamentals of Economics…
How is the economy of the United States classified today?
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US Economic System
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 39
WA 39
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Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies — JAIIB IE-IFS Capsules

India's #1 short-form JAIIB preparation app. 500+ capsule cards, unlimited mock tests & PDF notes for JAIIB May & Nov 2026 (PPB, IE-IFS, AFM, RBWM). Learn while commuting. Clear JAIIB in your first attempt. Join 5,000+ bankers.

All 20 cards on this page
Origin of Economics What is the Greek origin of the word 'Economics'? Microeconomics Focus What is the primary study focus of Microeconomics? Three Economic Problems What are the three fundamental questions every society must answer? Adam Smith's Definition How did Adam Smith define Economics? Macroeconomics Focus What does Macroeconomics primarily deal with? The Wealth of Nations Which famous book was written by Adam Smith and when? Marshall's Welfare Definition What is Prof. Alfred Marshall's definition of Economics? Command Economy What characterizes a Command or Socialistic Economy? Robbins' Scarcity Definition How did Lionel Robbins define the subject of Economics? Father of Macroeconomics Who is considered the pioneer of modern Macroeconomics? Laissez-Faire Economy What is the extreme case of a market economy called? Keynes' Revolutionary Book Name the landmark 1936 book written by J.M. Keynes. Market Economy (Capitalism) How does a Market Economy resolve the three fundamental questions? Mixed Economy What is a Mixed Economy? India's Economic System What type of economic system does India follow? Economics as a Science Is Economics concerned with production or consumption? Alternative Uses of Resources Why is resource scarcity alone not the only economic problem? Ends and Means Concept In Robbins' definition, what do 'ends' and 'means' represent? Soviet Union Economy Type Which type of economy operated in the Soviet Union during the 20th century? US Economic System How is the economy of the United States classified today?
Chapters in this paper
Micro Finance Institutions Non-Banking Financial Companies (NBFCs) Fixed Income Markets – Debt and Bond Markets Interconnectedness of Markets and Market Dynamics Merchant Banking Services Foreign Exchange Markets (IE-IFS) Factoring, Forfaiting and Trade Receivables Discounting System (TReDS) Venture Capital Lease Finance and Hire Purchase Credit Rating and Credit Scoring Pension Products Para Banking and Financial Services Provided by Banks Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) An Overview of Indian Economy Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies Indian Financial System – An Overview
Modules in IE-IFS
MODULE A: Indian Economic Architecture MODULE B: Economic Concepts Related to Banking MODULE C: Indian Financial Architecture MODULE D: Financial Products & Services
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
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