HOW TO KICKSTART RBI GRADE 'B' PREPARATION




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How to use upscfever.com for preparation


The syllabus for the exam can be found here -- > link.


RBI Grade B exam is an ideal backup for UPSC as the subjects are focused on economy and English. The Paper I is also similar to Paper II of CSE prelims. The schedule of the exam is that the prelims and mains are held in September and the result is declared in record time.


A candidate is advised to read economic times and financial matters along with normal preparation of Economy. The number of vacancies are less than that of UPSC CSE. But the career prospects are good as 2 out of 4 deputy directors of RBI were Grade B officers.


RBI preparation requires:




Subject
Click here
General Aptitude link
Knowledge of economics and banking concepts link
Current affairs on banking, economy India Yearbook and Economic survey
Aptitude link


Introduction of RBI Grade 'B' position




Recruitment of Officers in Grade ‘B’ (General) - DR – Batch Year 2016

1. Applications (App.) are invited for the post mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, citizens of Nepal and subjects of Bhutan, persons of Indian origin who have migrated from Myanmar and Sri Lanka with the intention of permanently settling in India and in whose favour Eligibility Certificates have been issued by Government of India.




 

IMPORTANT DATES:*
Event Important Dates
Website Link Open –For On-Line Registration of Applications and Payment of Fees/Intimation Charges Mid July to Start of August
Phase-I Online Examination September 
Phase-II Online Examination September 

2. ELIGIBILITY CRITERIA:



a. Age (as on 01/07/2016): Between 21 and 30 years (candidates must have been born not earlier than 02/07/1986 and not later than 01/07/1995). For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively. For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of completed years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. Refer item 8 below for relaxation in upper age limit for specified categories.

b. Educational Qualifications (as on 01/07/2016): A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th standard examinations. The minimum qualifying percentage or an equivalent grade for the Bachelor's Degree will be in aggregate for all semesters / years.




c. Number of attempts: Candidates belonging to unreserved i.e. General Category, who had already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them.


3. SCHEME OF SELECTION:

 Selection will be through ON-LINE Examinations and interview. Examinations will be held in two phases as described in following paragraphs.


(I) Phase-I online Examination (Objective Type):

 This Paper for 200 marks will be held on September 4, 2016. Depending on the number of candidates, the examination may be held on some other days also. A candidate, however, has to appear for examination in only one shift on the given day. The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate. The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method. The Paper consists tests of (i) General Awareness (ii) English Language (iii) Quantitative Aptitude and (iv) Reasoning, with composite time of 120 minutes. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.



Candidates have to secure minimum marks separately for each test as well as aggregate, as prescribed by the Board. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI web-site, tentatively within a week after Phase-I examination.



(II) Phase-II online Examination: The Phase-II online Examination will be conducted on September 19, 2016, only for the candidates who are shortlisted on the basis of results of Phase-I. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:







Name of Paper Type of Paper Time (Minutes) Marks
Paper-I:
Economic and Social Issues
Objective Type 90 100
Paper II:
English (Writing Skills)
Descriptive, to be typed with the help of the keyboard 90 100
Paper-III:
Finance and Management
Objective type 90 100
NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.




(III) Interview: Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.





8. RELAXATION IN THE UPPER AGE LIMIT:

Upper age is relaxable by-

  1. Three years in the case of OBC candidates if the posts are reserved for them.



  2. Five years in the case of: i) SC/ST candidates if the posts are reserved for them ii) Ex-employees of banking institutions whose services had to be terminated for reasons of economy or as a result of bank going into liquidation and personnel retrenched from Government Offices after at least one year's service and currently registered with Employment Exchange, iii) Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) provided applicants have rendered at least five years continuous Military Service and have been released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or on account of physical disability or have been released on account of physical disability attributable to Military Service or on invalidment, iv) Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment, v) Candidates who had ordinarily been domiciled in Kashmir Division of the State of Jammu and Kashmir between 1st January, 1980 and 31st December, 1989.



  3. 10 years for PWD(GEN); 13 years for PWD(OBC) and 15 years for PWD(SC/ST) candidates.

  4. For eligible staff candidates the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013.

NOTE: CUMULATIVE AGE RELAXATION WILL NOT BE AVAILABLE EITHER UNDER THE ABOVE ITEMS OR IN COMBINATION WITH ANY OTHER ITEMS.

Introduction

RBI conducts recruitment for Grade B officers.

Syllabus

Paper-I - Economic and social Issues:



Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.




Suggested reference material:


Books:

  1. Indian Economy: Uma Kapila.(Series of Books)
  2. Indian Economy: Mishra Puri. (Latest Edition)
  3. Growth And Development: Devraj Ray
  4. Sociology: C.N. Shankar Rao


News Papers:

  1. Economic Times
  2. Hindu
  3. Business Standard

Weekly/Monthly Magazines/Bulletins /Reports:

  1. Economic and Political Weekly
  2. Southern Economist
  3. Yojana
  4. Business India
  5. RBI Bulletins


Reports:

  1. World Development Report
  2. Economic Survey of India

Paper-II -English (Writing Skills):




The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.


Paper-III -Finance and Management:




(I) Finance




(a) Financial System

  1. Regulators of Banks and Financial Institutions
  2. Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.

(b) Financial Markets




Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), functions, instruments, recent developments.


(c) General Topics



  1. Risk Management in Banking Sector
  2. Basics of Derivatives: Forward, Futures and Swap
  3. Changing Landscape of Banking sector
  4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
  5. Financial Inclusion- use of technology
  6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
  7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
  8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
  9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.


Suggested reference material:

  1. An introduction to Economics – A W Stonier and D C Hauge
  2. Monetary Theory and Public Policy – Kenneth Kurihara
  3. Indian Economy – Mishra and Puri
  4. Indian Economy – R. Dutt and KPM Sundaram
  5. Economic Growth and Development – Mayer and Baldwin
  6. Major economic newspapers and Economic and Political Weekly
  7. Public Finance – K K Andley and Sundaram
  8. Financial Management – Prasanna Chandra

(II) Management:


Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

The questions on this section will be basic in nature.



Download RBI syllabus