RBI PO

1. What is RBI PO?

The RBI Grade B exam is conducted every year to recruit officers into the Reserve Bank. The official RBI Grade B Exam Notification is yet to be released on the official website. Successful candidates are inducted into the bank as officers in the following departments: Direct Recruitment (DR) General Cadre.

The Reserve Bank of India conducts examinations for recruitment to various posts in the RBI. The RBI was established in 1935 and nationalised in 1949. It is the apex bank in the country responsible for maintaining the Consolidated Fund of India and formulating banking policies.

A job in the apex bank is considered highly prestigious and hence the competition is really high and equivalent to other Government exams. In this article, we have provided some information about the different RBI exams scheduled to be conducted.

2. Why RBI PO?

1. Experience Intellectual Fulfillment

Your work as an RBI Grade B officer can make a difference in the entire financial world and touch the lives of millions. Your decisions can make the news. For your entire professional lifespan, the multidisciplinary nature of work content ensures that you are continuously facing new challenges.

2. Enhance your Skills

You get an opportunity to diversify your skills. You can move between departments and work on areas from formulation of monetary policy to dealings and trading in for and government bonds, managing public debt and bank accounts to facilitating exchange remittances by residents and nonresidents, regulating and supervising 34,000 financial entities, spearheading technology within RBI or in the financial system and even training and researching for self-development.

3. Be Confident of Stability

You have a job-hopping option within the organization as you get to serve different departments and offices. You could even go out of the organization on deputation, including multilateral organization and come back without losing your seniority.

4. Derive Social Esteem

Central banks and central bankers command respect and awe. Nationally and internationally. Working with RBI is a career more distinguished than any other in the financial world because you serve the nation rather than making profit for your company.

5. Think Together

Participate in the decision making process that encourages collective approach. Come to a work environment that is vibrant with intellectual discussions even at lunch tables. Enrich your mental and physical abilities continuously.

6. Belong to the Family

Interact with some of the best minds in the government and the financial institutions while at work and build lasting relationships among the RBI fraternity at home.

7. A Revered Profile

RBI Grade B officer is the best entry-level post job in the country. RBI is known as the banker of the banks but also an architect of India’s economy and working with which is a sign of respect and dignity in the society. It provides numerous benefits to provide satisfaction to the employees.

8. Great Salary & Perks

The monthly gross salary for RBI Grade B Officers is more than Rs. 75,000/-(without accommodation in the metropolitan cities). RBI Grade B Salary can vary from place to place depending on the location. Do we need to describe more?

RBI Grade B officers are given a large number of perks like, Leave Fare Concession, Concessional interest rates for Car/ House/ Education, etc loans, Newspaper, Book grant, Transport charges, Interest-free festival advances, Medical Facilities, Residence Furnishing allowance, etc to name a few!

9. Fierce Competition

Lakhs of aspirants are fighting to reserve a seat for themselves. From commerce graduates to UPSC Aspirants, MBA students, Students from IIT/IIM and even Ph.D. holders are competing to gain a position in RBI as a Grade B officer.

3. How to prepare?

1. Know the RBI Grade B Syllabus for Phase I and Phase II Along With Marks Distribution

If you’re a fresher-aspirant who’s just beginning with the preparation of the RBI Grade B Exam, it is imperative that you are through with the RBI Grade B syllabus of both Phases, Phase I, and Phase II at the onset of your RBI Grade B preparation. It will help you in planning your study schedule. Also, once you’re through with the marks distribution and syllabus of each section, you’ll be able to prioritize topics that are problematic and need more time to master! Know more about the syllabus and exam pattern here.

2. Follow Trending Issues in Economy and Finance

If you’re a fresher-aspirant and are just starting with RBI Grade B Preparation, start off with solving basic questions and strengthen your basics of quantitative aptitude and reasoning sections. It is also pertinent to keep a tab on trending issues in economy and finance. These are important not only for the General Awareness section but also for the Interview. According to the past years’ toppers, the best of the RBI Grade B Exam tips revolve around incorporating Economy and Finance in your schedule! It is important for all the aspirants, freshers, or serious-aspirants to stay updated with the current affairs related to the banking, economy, budget, finance, and stock exchange.

3. Make an Effective RBI Grade B Preparation Strategy for Studying

In order to be more organized and disciplined, it goes without saying that you should have a proper RBI Grade B preparation strategy that you can use to make a daily schedule and study-plan. Whether you’re a professional or a college student, it is important to identify the number of hours you can devote to your preparation. And in consonance with that, prepare a schedule covering both short-term and long-term goals. That being said, it is also important you make realistic goals that can be easily achieved. Invest more time in problematic areas. And keep revising the concepts and tricks that you learn simultaneously to retain.

4. Include Previous Year Question Papers In Your RBI Grade B Preparation Strategy

Have a look at the previous years’ papers. That is the best tool to understand the trend of the exam and to what extent questions have deviated from the given topics. You must prepare previous year question papers to know the exam pattern, difficulty level, topic-wise distribution of questions, marking scheme, etc. Solving previous year question papers will build confidence in you and increase your question-solving skills. It will not only give you a clearer picture of the exam pattern but also will help you in assessing your performance

5. Practice Mock Tests for RBI Grade B Exam

Mock Tests play an important role in RBI Grade B Preparation. You should attempt mock tests after completing the syllabus as it will fine-tune your strategy and sharpen time management skills. Mock tests give you a simulation of the actual test and the analysis thereafter will help you in identifying your strengths and weaknesses. It will also help you in determining your speed & accuracy while helping you improve on it. You will also get your rank vis-a-vis other test-takers. Thus, mock-test based learning is indeed one of the best ways for revision. It will take your RBI Grade B preparation to the highest level.

4. Important materials:

Syllabus:

RBI Grade B Syllabus (Phase 1)

The RBI Grade B exam comprises four sections:

  1. General Awareness
  2. Quantitative Aptitude
  3. Reasoning Ability
  4. English Language

The section-wise RBI Grade B syllabus for the Phase I examination is given below in detail. Aspirants can refer to the RBI Grade B Officer syllabus given below and start the preparation for the RBI Grade B exam.

RBI Grade B Syllabus for Quantitative Aptitude:

Ratio & Proportion Mensuration
Percentage Average
Speed, Time and Distance Time and Work
Permutation and Combination Mixture and Alligation
Data Interpretation Probability
Stocks and Shares Simplification
Quadratic Equations Inequalities
Number Series Upstream and Downstream
Profit and Loss Simple and Compound Interest

RBI Grade B Syllabus for Reasoning Ability:

Puzzles Seating Arrangement
Inequalities Direction Test
Blood Relation Syllogism
Input-Output Data Sufficiency
Machine Input Coding-Decoding
Ranking Alphanumeric series

RBI Grade B Syllabus for English Language:

Reading Comprehension Cloze Test
Fill in the Blanks Sentence Rearrangement
Jumbled Words/Sentences Error Spotting
Sentence Framing Match the columns
Vocabulary Grammar
Tenses Rules Idioms & Phrases

RBI Grade B Syllabus for General Awareness:

Current Affairs Indian Financial System
Indian Banking System Banking Awareness
Banking History Monetary Plans
Economic News National and International Institutions
Bank Terms & Abbreviations Government Schemes
Banking Agreements Sports News
Awards Books and Authors
Static GK – General Knowledge about Dams, Sanctuaries, National Parks, Stadiums, Airports, Country, Capital & Currency, etc.

RBI Grade B Syllabus (Phase 2)

The RBI Grade B Syllabus will test the candidates in the following areas:

  1. Economic and Social Sciences
  2. English
  3. Finance & Management

RBI Grade B Syllabus for Economic and Social Sciences:

Growth and Development Economic Reforms in India
Social Structure in India Corporate Governance
Development in the Financial Sector Export-Import Policy
Illiteracy Balance of Payments
Rise in Inequality Rigid Labor Law
Human Resource Development Inflation
Regionalism and Language Conflicts Poor Education Standards
Globalizations Social Structure in India
Employment Generation in India Sustainable Development
Monetary and Fiscal Policy Social Sectors in India
Benefits of International Trade Direct and Indirect Taxes
Insurance and Capital Marketing Government debt

RBI Grade B Syllabus for Finance and Management:

Union Budget Regulation of Banks
Risk Management in Banking Sector Technology in Finance
Corporate Governance Human Resource Development
Motivation and Incentives Regulators of banks and financial institutions
Development in the Financial Sector Financial sector Regulations
Monetary Policy Union Budget
Inflation The Managing Process
Career Planning Role of Incentives
Role of Information Technology Communication Channels
Leadership Nature and Scope of Management

a. E-books:

RBI Grade B Exam Booklist
Subjects Name of Book and Author/Publications
Quantitative Aptitude
  • Fast Track Objective Arithmetic by Rajesh Verma
  • Quantitative Aptitude for Competitive Exams by R.S.Agarwal
  • How to prepare for Quantitative Aptitude for CAT by Arun Sharma
Reasoning Ability
  • Verbal and Non Verbal Reasoning by R.S.Agarwal
  • Analytical Reasoning by M.K.Pandey
  • How to Prepare for Logical Reasoning by Arun Sharma
General Awareness
  • Lucent’s General Knowledge
English Language
  • Objective English by S.P.Bakshi
  • High School Grammar and Composition by Wren and Martin
  • Word Power Made Simple by Normal Lewis
Finance and Management
  • Indian Financial System by M.Y.Khan
  • Public Finance by K.K.Andley and Sundaram
  • Banking and Finance: Banking, Insurance and Other Financial Institutes by Arun Arora
  • Financial Management by Prasanna Chandra
Economic and Social Sciences
  • Economic and Social Issues in India by Dhrub Kumar
  • Indian Economy by Uma Kapila
  • Growth and Development by Devraj Dey

b. Videos:

How to prepare for RBI PO:

https://youtu.be/DMNROWzirSc

RBI PO strategy:

https://youtu.be/IhRYFh6Daxs

Study tips for RBI PO:

https://youtu.be/09cp_ZJo4Ac

Complete information of RBI PO:

https://youtu.be/1c3zKy39M0Q

Preparation strategy for RBI PO:

https://youtu.be/I0McxHzdLsY

Strategy to crack RBI PO:

https://youtu.be/2CZA-O-Bbd4

RBI PO preparation:

https://youtu.be/A7CeWueTTXk

5. Previous year question papers with answers:

RBI PO 2018 question paper:

https://gradeup.co/liveData/f/2019/3/RBI%20Grade-B%20Phase-1_English%20Part.pdf-91.pdf

RBI PO 2017 question paper:

https://gradeup.co/liveData/f/2019/3/PYSP_RBI_2017.pdf-33.pdf

RBI PO 2015 question paper:

https://gradeup.co/liveData/f/2019/3/RBI%20Grade%20B_2015.pdf-88.pdf

RBI PO sample paper1:

https://gradeup.co/liveData/f/2020/5/english_part_34_73.pdf

RBI PO sample paper2:

 

https://www.mockbank.com/bulletin/wp-content/uploads/2017/05/RBI-Grade-B-2014.pdf

6. Important tips:

  1. Know About Reserve Bank Of India (RBI)

It is very important to know about the Reserve Bank of India (RBI) prior to starting the preparation for the Grade B Officer exam. Getting familiar with the role and responsibilities of RBI not only helps you crack the online examination but also during the personality interview. Pay special attention to the key functions such as policy rates and reserve ratios.

  1. Number Of Attempts

A fresher should know that there is a restriction on the number of attempts. If you are a serious aspirant, never waste the attempts. Candidates belonging to the general category have only six attempts to clear the phase 1 online examination. However, there is no such restriction on candidates belonging to SC/ST and OBC castes.

  1. Understand The Syllabus Of Phases 1 & 2

The official notification has clearly provided the detailed syllabus for the phase 2 examination and provided the section names in phase 1. Aspirants have to tour the syllabus of the other competitive examinations such as SSC CGL and IBPS PO to know what exactly the section carries. Though the format of the questions will be different in the RBI Grade B Officer exam, one can consider the syllabus. The bank will provide the detailed information about the examination in an information handout, which will be released with the admission letter. Until then, explore the syllabus of phase 2 here.

  1. Follow Trending Issues In Economy & Finance

If you are a fresher to the RBI examination, start your preparation with the basic concepts of RBI besides following the trending issues in economy and finance. Stay updated with the current affairs related to the banking, budget, economy, stock exchange and finance; this will acquaint you with the exam preparation. Also, read business and finance columns written by experts.

  1. Make An Effective Study Schedule

To be honest, a fresher or a beginner should put extra efforts compared to senior aspirants to crack the RBI Grade B Officer examination. Hence, one should prepare an effective study schedule. If you are not from any finance background, acquaint yourself with financial terminology and basic concepts. Make a study schedule which should focus primarily on phase 1. Once you are confident about phase 1, you can draft a new plan to prepare for phase 2 because the screening round is tough in almost all the examinations because of the competition.

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