RBI Grade B Exam

Introduction

Reserve Bank of India (RBI) which is the central banking institution of India is responsible for controlling the monetary policy of the country, regulates all banks and provides essential financial services like inflation control, the issue of currency, storage of foreign exchange reserves etc. From 2015 onwards, RBI has decided to conduct a national-level recruitment examination for selection of its Grade B Level Officers. The RBI Grade B recruitment test comprises of three stages: Phase I, Phase II (both Online), and an interview. The test takes place every year in the month of June with notification being released in May.

Notification

The Reserve Bank of India is yet to release the official notification for the Post of RBI Grade B Officers 2018. Interested and eligible candidates are required to apply online once the registration process commences. Interested and eligible candidates would be required to appear for three stages of the examination to finally make it to the merit list. Candidates would have to appear in Phase I, Phase II and finally qualify the Interview to be selected for the post of RBI Grade B Officer 2018.

Application Process

  • Interested and eligible candidates who intend to register for the RBI Grade B Exam 2018 are required to enter basic details such as name, E-mail ID, date of birth, contact number etc. Once the registration is complete, a provisional registration number and password would be provided for future use.
  • The second step would require candidates to upload their photograph and signature as per the mentioned size specifications. (Photograph – JPEG format; Dimensions: 200 x 230; Size: 20-50 KB and Signature – JPEG format; Dimensions: 140 x 60; Size: 10-20KB)
  • After which candidates would be required to enter their educational information and other details as they appear on the form.
  • After all the various stages are complete, the candidate would have to submit the application form after verifying all the details.
  • In the last stage, candidates are required to pay the application fee in his preferred mode of payment.

Application Fee

Interested and eligible candidates who have applied for RBI Grade B Exam 2018 would be required to pay an application fee. Details are mentioned below.

  • General / OBC Candidates – Rs. 850
  • SC/ ST/ PWD/ Ex Service Candidates – Rs 100
  • RBI Staff – nil

Vacancy Details

As the official notification for the recruitment of RBI Grade B Officers post 2018 has not been released yet, hence, there is no accurate number. However, after an analysis of past recruitment notifications, candidates can expect over 500 vacancies for the same post.

Important Dates

Candidates can tentatively expect Phase I of the RBI Group B Exam 2018 to be held in the second week of June. Phase II of the RBI Group B Exam would tentatively be held in the First week of July and the final round – the Interview round be held in the months of August through October. Candidates should keep in mind that, since the official notification has not been released by the Board, these are only tentative dates, that have been found out through an analysis of past year examination trends, candidates should regularly check the official website, for the official dates.

Exam Pattern

RBI Grade B 2018 exam will be conducted in two phases – Phase I and Phase II. The exam is followed by an interview. The mode of the exam, both Phase I and Phase II, shall be online.

Phase I
In Phase I, the questions would be objective in nature (MCQs). There shall be 200 questions of 1 mark each. A negative marking of 0.25 mark for each incorrect answer would be applied. The exam duration shall be 2 hours. Candidates have to secure both sectional and overall minimum qualifying marks.

The Phase I paper shall comprise of the following sections:

Section Number of Questions Marks
General Awareness 80 80
English Language 30 30
Quantitative Aptitude 30 30
Reasoning     60 60
TOTAL 200

200

 

Phase II
Phase II of the examination would have, both objective and subjective questions. The Phase II examination of RBI Grade B 2018 exam shall comprise of 3 Papers. Each of these paper will be 1.5 hours long with 100 marks weight for each. Paper III of Phase II shall have 3 optional subjects out of which candidate has to choose one.

Paper Type Time Allotted Marks
Economic & Social Issues Objective 90 100
English Language Subjective 90 100
Finance & Management / Economics / Statistics Objective 90 100
TOTAL   270 300

Optional Subjects (Select one out of the three)
Finance and Management.
Economics.
Statistics.

Interview Round
Candidates shall be called for interview based on the marks received in Phase II of the written exam. Total marks for the interview would be 50 marks. Candidates can opt for either English or Hindi for the interview. 

Exam Syllabus

English Language Skills (30 marks)
Reading Comprehension
Fill in the Blanks.
Error Correction.
Para Jumbles
Paragraph Completion.
Vocabulary.

Quantitative Aptitude (30 marks)
Understanding of the Number System i.e. whole numbers, decimals, fractions and their relationships.
Question on Percentage problems.
Ratio & Proportion.
Number Series i.e. Arithmetic Progression, Geometric Progression etc.
Permutation Combination.
Probability.
Simple & Compound Interest.
Profit and Loss.
Mixture and Alligation.
Speed, Time and distance.
Time & Work.
Mensuration and Geometry.
Data Interpretation. Might include Graphs, bars, and charts.

Reasoning (60 marks)
Mathematical Inequalities.
Small & Capital letters/numbers coding, decoding, and classification.
Syllogism.
Blood Relation Questions.
Circular & Linear Arrangements,
Directions & Distances,
Ages & Birthdates,
Scheduling.
Different arrangement problems like circular, rectangular & hexagonal.
Puzzles.
Ordering & Ranking.
Verbal Reasoning.

General Awareness (80 marks)
Banking & Financial Awareness.
Economic News
Monetary policies
Important guidelines,
Financial & Economics News,
Economics terms, etc.
Static Awareness
History,
Political Science,
Geography,
Science,
Environmental facts,
Parks, Dam, Thermal Power Plants, Mountains, Temples, Stadiums, Airports etc.
Current Affairs
Daily News, National and International news,
Books by famous personalities,
Sports,
Awards, Summits & Conferences,
Government Schemes, Agreement & Deal,
People & Places in News,
Science and Technology,
Defence etc.

Paper II Syllabus
Economic & 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 Cooperation.
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


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

Finance & Management / Economics / Statistics
(A)Finance
(a) Financial System
(b) Financial Markets
(c) General Topics

(B)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
Finance and Management.

Economics.
(a) Microeconomics
(b) Macroeconomics
(c) International Economics
(d) Public Economics
(e) India’s Economy and Development Issues 

Statistics
Probability
Statistical Methods
Linear Models
Statistical Inference
Multivariate Analysis
Optimisation Techniques and Statistical Quality Control
Sample Surveys and Design of Experiments
Applied Economic Statistics
Vital Statistics
Numerical Analysis
Basic Computer Applications

Eligibility Criteria

Candidate must either be a Citizen of India or, Citizen of Nepal or subject of Bhutan or, Person of Indian Origin (PIO) who have migrated from Myanmar, Sri Lanka, Pakistan or East African countries and intend to permanently settle in India.

The candidate must be in the age range 21-30 years. For candidates pursuing M.Phil. and Ph.D., upper age limit has been extended to 32 and 34 years respectively. Upper age limit has also been relaxed for candidates with experience in commercial banks or financial institutions. The relaxation is equal to the number of years of experience subject to a maximum of 3 years. But even for them, upper age limit has been fixed at 33 years. Age relaxations would be provided as per post availability for reserved categories.

Candidates are required to have successfully completed their Graduation with 60% (50% in case of SC/ST/PWD candidates) or more marks from a recognized college or university. Candidates would also be required to have secured 60% (50% for SC/ST/PWD) or more marks in their 10th and 12th Board Examinations.

Admit Card

As per the examination pattern, candidates would be required to appear for three phases of examination, Phase I, Phase II and the Interview Round. The Admit Card for Phase I would be tentatively released in the First week of June 2018 and the Admit Card for Phase II of the Examination would be tentatively released in the fourth week of June 2018. The interview Call Letter would be released immediately after the result of Phase II of the examination is out.

Cut Off

The Cut off for Phase I and Phase II Examination has not been declared yet. However, candidates should be well informed that only those candidates who have qualified Phase I would be called for Phase II of the examination. And the candidates who qualify for Phase II of the examination will be called for the Interview Round. 

Result

The Board would be releasing results for Phase I, Phase II and the Final Merit List. The final merit list would be tentatively announced in November 2018 and would take into account the candidates performance in Phase II examinations and the interview.

All the students preparing for RBI Grade B Exam 2018 can get all exam related information here, including RBI Grade B Exam Dates, RBI Grade B Notification, RBI Grade B Age Limit, RBI Grade B Exam Pattern, RBI Grade B Cut-Off, RBI Grade B Result and much more.