RBI GRADE B Subject - Wise Books for Exam Preparation 2021
Updated On -
Nov 15, 2020
Excellent books for RBI Grade B will be a benefit for exam preparation. As the exam is one of the most competitive banking exams in the nation, it becomes essential to prepare well. Therefore, there is no lack of the best books for preparation. However, choosing the most beneficial books can be a tricky task for the candidates. Most of the candidates get puzzled when it comes to the purchasing of books. Experts advise candidates to choose books that are easy and uncomplicated. Further in the article, the list of RBI Grade B books for different phases of the exam and subjects is covered.
Get FREE RBI Grade B 2021 Mock Tests, Sectional Quiz, Previous Years Papers. Click Here
Section-wise Essential Books/Resources for RBI Grade B
Based on an out-and-out analysis of last year’s RBI Grade B question paper, a large number of the questions asked in the section of Economics & Social Issues were from the following references:
- The Economic Survey of India
- Concept-based (Books)
- Basic knowledge (NCERT)
- The Budget Document
- Newspapers (Current events, factual in nature)
- Press Information Bureau
The maximum of the questions was based on numbers, facts, figures, and percentages. Accordingly, based on last year’s question paper of RBI Grade B, we settled that the following are the three most essential sources for the preparation of this exam:
- The Union Budget
- The Hindu Newspaper
- The Economic Survey of India
Nevertheless, as the RBI Grade B Exam is changeable, candidates need to have an in-depth knowledge of the topics, apart from the references mentioned above. So, to assist candidates in the better preparation of this exam, the important books for RBI Grade B Phase-II & Phase-I exam preparation are covered.
Best Reference Books for RBI Grade B Phase-I Exam 2021 Preparation
Candidates can follow the books mentioned below for the Phase-I preparation of RBI Grade B exam 2021:
| Category of the Books | Best reference books for Preparation |
|---|---|
| English Language |
|
| Quantitative Aptitude |
|
| Reasoning Ability |
|
| General Awareness |
|
Best Reference Books for RBI Grade B Phase-II Exam 2021 Preparation
I. RBI Grade B Books for Finance & Management section
Following books are suggested for the preparation of the Finance & Management section of the RBI Grade B Exam:
- Indian Financial System by M.Y. Khan
- T.S Grewal -Accounting Ratio
- Principles of Management by P.C Tripathi
- Indian Financial System by Bharti V Pathak
- S. P. Robbins/TN Chhabra- Organisational Theory
In the following table, the sub-topics of this section along with the sources. Which candidates can refer for their preparation are mentioned:
| Category of the Book | Best reference books for Preparation |
|---|---|
| Inflation: Definition, trends, consequences, estimates, and remedies (control): WPI, CPI - components, and trends. | Advance Concept
|
| Risk Management in Banking Sector | Advance Concept
|
|
Advanced Concepts
|
| Financial Markets - Primary and Secondary Markets (Money, Forex, Bond, Equity, etc.), functions, instruments, recent developments, etc. | Fundamental Concept
|
| The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, Finance Commission and GST, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM) | Fundamental Concept
|
| Portfolio Investment | Indian Financial System- Bharti Pathak – Unit 15- Mutual Funds |
| Basics of Derivatives: Forward, Futures, and Swap | Theory Concept
|
| Recent Developments in the Financial Sector, Financial Inclusion- use of technology |
|
| Public Sector Reforms, Disinvestments | Indian Financial System- Bharti Pathak – Unit 7 - |
| Corporate Governance in the Banking Sector, the role of e-governance in addressing the issues of corruption and inefficiency in the government sector. |
|
| Substitute source of finance, private and social cost-benefit, Public-Private Partnership. | Official Website of RBI and Internet |
| Numerical Topics from Prasanna Chandra |
|
II. RBI Grade B Books for Economic & Social Issues section
Following books are suggested for the preparation of the Economic & Social Issues section of the RBI Grade B Exam:
- Growth & Development: Devraj Ray
- Indian Economy by Uma Kapila
- Sociology: C.N. Shankar Rao
- Indian Economy by Mishra & Puri
In the following table, the sub-topics of this section along with the sources. Which candidates can refer for their preparation are mentioned:
| Category of the Book | Best reference books for Preparation |
|---|---|
| Sustainable Development and Environmental Issues | Fundamental Concepts -
|
| Growth and Development –Measurement of Growth: National Income and Per-capita Income | Fundamental Concepts
|
| Economic Reforms in India – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy | Fundamental Concept
|
| Poverty Alleviation and Employment Generation in India | Fundamental Concepts –
|
| Monetary and Fiscal Policy | Fundamental Concept
|
| Multiculturalism – Demographic Trends – Gender Issues – Social Justice: Positive Discrimination in favor of the impoverished – Social Movements – Human Development – Social Sectors in India, Education, and Health. | Indian Economy by Ramesh Singh Unit – 20 - Preparing for the Demographic Dividend Unit – 21 - Human Development in India |
| Industrial and Labour Policy | Advance Concepts -
|
| Social Structure in India – Social Justice - Urbanization and Migration – Social Movements – Human Development – Social Sectors in India | NCERT- Std XII--Social Change and Development in India Unit -8 - Social Movements |
| Balance of Payments, Export-Import Policy | Fundamental Concept
|
| International Economic Institutions –World Bank and IMF – WTO – Regional Economic Cooperation | Advanced Concepts -
|
| Indian Political System | NCERT- Indian Constitution at Work Political Science Std 11 & Political Science-2 of Std 12 |
| Additional Topics |
|
III. Reports & Other Sources for RBI Grade B
- Economic Survey of India
- Union Budget
- World Development Report
- RBI’s Annual Report
- Example question papers by RBI. (This will accommodate candidates with a view of both the essence & the difficulty level of questions asked.)
- FAQ Section of the RBI website
- Investopedia Website
FAQ’s
Ques. Do coaching institutes provide study material sufficient for RBI Grade B preparation?
Ans: The coaching institutes grant complete and thorough study material for RBI Grade B preparation. However, it is advised not to rely on them fully and to refer to at most two other recommendation books.
Ques. Which books are the most beneficial for Quantitative preparation?
Ans: Candidates can refer to:
- Magical Book on Quicker Maths by M Tyra (latest edition)
- Quantitative Aptitude for Competitive Examinations written by R S Agarwal
Ques. Do RBI Grade B books carry solved sample question papers?
Ans: Some of the books include solved sample question papers. Candidates are recommended to go through the book and check before purchasing.
Ques. Which are the excellent books for Economic and Social Issues?
Ans: Some highly recommended books for RBI Grade B Economic and Social Issues are
- Indian Economy: Uma Kapila (Series of Books),
- Indian Economy: Mishra Puri. (Latest Edition)
- Growth And Development: Devraj Ray
Ques. Which magazines and bulletins can be used for RBI Grade B?
Ans: The magazines and bulletins can candidates can refer are listed as follows:
- Economic and Political Weekly
- Southern Economist
- Yojana
- Business India
- RBI Bulletins.
Ques. Which books to refer for the Reasoning section?
Ans: Candidates can refer to Verbal and Non-Verbal Reasoning by RS Aggarwal, Analytical Reasoning by MK Pandey.
*The article might have information for the previous academic years, please refer the official website of the exam.