Importance Of Economics NCERT Books From Class 9-12 For Bank Exams Preparation

In this article, we shall capture the importance of Economics NCERT books (Classes 9-12) for bank exam preparation. Economics is an important topic for the General Awareness section in the various Government exams.

Every year, aspiring candidates are recruited by various banks for different posts depending upon the availability of bank vacancies.

There are three major bodies which conduct recruitment for banking sector exams. These include:

1. The Reserve Bank of India (RBI)
2. Institute of Banking Personnel Selection (IBPS)
3. The State bank of India (SBI)

Of these three bodies, Economics is included in the General Knowledge section and also, is a separate section the RBI Grade B Officer Exam.

Candidates can download the Free PDF of NCERT Books for Economic and Social Issues at the linked article.

Candidates need to clear the Common Written Examinations (CWE) followed by a bank interview for some posts like PO and SO for final provisional allotment.

There are two tiers in CWE namely –

• Preliminary Exam
• Mains Exam

The advantage of studying from the NCERT Economics books from Class 9th to 12th is that candidates can learn from the very basic and learn about the important terms in an understandable and simple manner. Also, all the important topics are covered in these books.

Apart from Economics, other subjects are also included in the syllabus, candidates can check the detailed bank exam syllabus at the linked article.

To learn more about SBI Exams, check at the linked article.

Importance of Economics in Bank Exams

For the Prelims exam, there are mainly three sections in almost all the bank exams, which include:

1. Reasoning Ability: This section mainly consists of non- verbal and logical reasoning.
2. Quantitative Aptitude: This section tests the numerical ability of the candidate, which needs sheer practice for its preparation.
3. English Language: This section is all about the vocabulary and grammar questions.

To explore the SBI PO Syllabus, check at the linked article.

Hence in the Preliminary exam, there is no requirement of consulting Economics books, as these three sections are not linked with the Economics paper in any way.

To prepare well for the preliminary exam, candidates can check the important link given below:

The candidates who qualify for the Prelims exam are permitted to sit for the Mains exam.

For the Bank Mains exam, there are five sections for almost all bank exams, which mainly comprise:

1. Reasoning Ability: The difficulty level is a bit high in Mains in comparison to the Prelims exam.
2. Quantitative Aptitude: This section checks mostly the mental mathematical blocks and problem-solving skills of a candidate.
3. English Language: This section tests the English knowledge and grammatical skills of a candidate.
4. Computer Knowledge: The fundamentals of the computer along with the efficiency are checked in this section.
5. General Awareness: The banking, as well as the knowledge about current affairs, is tested in this section.

To explore more about IBPS Exams, check at the linked article.

Reference of Economics in General Awareness Section

In the general awareness section, the banking awareness part includes topics pertaining to the Indian economy. This section contains the questions related to the current economy and its growth.

This is an important topic in general awareness so for a candidate to crack the bank jobs. He/she needs to have the sectional knowledge and meet the overall cut-offs to qualify in the respective bank exams.

Also, check the following links for the General Awareness section preparation for upcoming bank exams:

• Daily Current Affairs
• Static GK
• Banking Awareness

To learn Tips To Master Error Spotting In English Language Section, check at the linked article.

The main subtopic, which the candidate needs to know on the Indian economy can be studied through a banking exam preparation app like BYJU’S learning tablet. The entire section is covered under the general knowledge section, which gives detailed knowledge about the Indian economy.

Meanwhile, candidates can also refer to Economics NCERT books from standard 9-12 to keep themselves updated about the latest happenings in the Indian economy.

The written exam on Indian economy mostly consists of multiple-choice questions from:

• Economy- definition
• Economy -types
• Economic factors responsible for its growth
• Stock exchanges
• GDP- definition, and role
• Fiscal year, trade organizations, foreign reserves, and inflation
• FDI stocks
• The current economy of India

Important Bank Exams Related Topics: