RBI Grade B 2020 Exam Pattern, Marking Scheme, Syllabus and Books

Updated On -

Apr 7, 2020

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Anam Shams

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RBI Grade B 2020 Exam Pattern is decided by exam authority of Reserve Bank of India. The exam is conducted in three phases – Preliminary exam, Main exam and Interview round. RBI Grade B Prelims will be conducted on November 9 while Main exam will be held on December 1 and 2, 2020.

Latest: RBI Grade B 2020 Application Forms are available from September 21 – October 11, 2020.

  • In Phase 1, prelims exam, Multiple choice questions are asked from General Awareness, English Language, Quantitative Aptitude, and Reasoning subjects. 
  • RBI Grade B Main exam has three separate papers on Economic and Social Issues, English Language and Finance and Management.
  • Candidates qualifying Phase I and Phase II will have to face interview round carrying 50 marks.
  • Final Merit List will be formulated based on the marks of Main exam and interview. 
  • Duration will vary for both the exams. Negative marking is applicable for both the papers of RBI Grade B.
Prepp Test Series

Read the article to know RBI Grade B exam pattern details such as number of questions, mode of examination, total marks, number of sections, marking scheme, syllabus etc.

RBI Grade B 2020 Exam Pattern Highlights

The following table highlights some of the important aspects of RBI Grade B Exam Pattern 2020:

Exam Mode Online
Number of Phases 3 – Preliminary, Main exam and Interview
Number of Sections

Phase I – 4 sections (General Awareness, English Language, Quantitative Aptitude and Reasoning)

Phase II – 3 sections (Economic and Social Issues, English, Finance and Management)

Phase III – Interview Round 

Question Paper Type

Phase I – Objective

Phase II – Objective and Subjective

Total Marks

Phase I – 200 Marks

Phase II – 300 Marks

Phase III (Interview) - 50 Marks

Exam Duration

Phase I – 2 Hours

Phase II – 1.5 Hours (Each Paper)

Exam Language English and Hindi

RBI Grade B 2020 Exam Pattern

  • RBI Grade B will be conducted in online mode that is computer based test.
  • Except English language section, the paper will be set bilingually in English and Hindi.
  • RBI Grade B exam pattern and difficulty level vary for Prelims and Main exam as shown below:

RBI Grade B Exam Pattern for Prelims Exam

RBI Grade B Prelims exam will have 200 multiple choice questions of 200 marks with a total time constraint of 120 minutes. Exact number of questions and duration for each section is not specified but there will be specific sectional duration. An information bulletin will be released along with RBI Grade B Admission Letter which will specify the sectional duration. Also, candidates need to clear sectional cutoff as well as overall cutoff to qualify for main exam.

Subjects Number of Questions Maximum Marks Duration

General Knowledge, 

English Language, 

Reasoning Ability, 

Quantitative Aptitude

200 200 2 hours
Total 200 Questions 200 Marks 120 minutes

RBI Grade B Exam Pattern for Main Exam

There are three separate papers in RBI Grade B Main exam. It will be held in multiple shifts, candidates will have to appear in all shifts and separate admission letter will be issued for each shift. The English paper is a descriptive test whereas Economics and Social Issues and Finance and Management papers will be objective in nature. 

Paper Type of Paper Maximum Marks Duration
Economics and Social Issues Objective  100 90 minutes
English (Writing skills) Descriptive  100 90 minutes
Finance and Management Objective 100 90 minutes
Total 3 Papers 300 Marks 4 hours 30 minutes

RBI Grade B Interview (Phase-III)

  • Based on the aggregate score obtained in Main exam (Paper-I +Paper-II +Paper-III), candidates will be invited for the interview round.
  • RBI will decide the minimum cutoff which must be cleared by candidates in order to be shortlisted for the Interview round.
  • RBI will publish the result in PDF format containing the roll number of candidates shortlisted for the interview.
  • Candidates will receive interview call letters on their registered email ID.
  • RBI Grade B Interview round will of 50 marks.
  • Candidate can choose the medium for interview amongst Hindi or English languages.
  • Final Selection will be based on candidate’s performance in Main examination and interview.

RBI Grade B Marking Scheme

  • The exam follows a uniform marking scheme for whole test.
  • For every correct answer, you will be awarded 1 mark
  • 0.25 marks will be deducted for every wrong answer
  • For any Unattempted questions, no marks will be deducted.

Check How is RBI Grade B Scored?


RBI Grade B 2020 Syllabus

RBI Grade B 2020 Syllabus is based on the graduation curriculum. Candidates can check the important topics in the tables below from each subject included in Phase I and II.

RBI Grade B Syllabus for Prelims 

English Quantitative Aptitude Reasoning General Awareness
Grammar Mensuration Puzzles Banking & Financial Awareness
Vocabulary Time and Work Seating Arrangement Monetary Policies
Error Spotting Average, Ratio, Percentages Directions and Distance Economic Terms
Comprehension Speed, Distance and Time Data Sufficiency Current Affairs
Passage Making Mixture and Allegations Blood Relations Financial & Economics News
Jumble Words Permutation and Combination Syllogism Static GK
Fill in the Blanks Data Interpretation Coding Decoding Government Schemes, Agreement & Deals
Sentence Framing Probability Inequality Banking terms, rates, processes

RBI Grade B Syllabus for Main Exam

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.

Paper-II: English (Writing Skills)

The English paper will be designed to test the writing skills of candidates including expression and understanding of the topic. Download RBI Grade B Sample Papers

Paper-III -Finance and Management:

(I) Finance

(a) Financial System: Regulators of Banks and Financial Institutions, 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

  • Risk Management in Banking Sector 
  • Basics of Derivatives: Forward, Futures and Swap
  • Changing Landscape of Banking sector
  • Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
  • Financial Inclusion- use of technology
  • Alternate source of finance, private and social cost-benefit, Public-Private Partnership
  • Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
  • 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),
  • Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.

(II) Management

  • Nature and scope; The Role of a Manager in an Organisation.
  • The Management Processes- Planning, Organisation, Staffing, Directing and Controlling;
  • 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.

Recommended RBI Grade B 2020 Books

Below listed are some useful preparation books for RBI Grade B 2020. These books will go long way in clearing out doubts and consolidating knowledge of core fundamentals in each section.

Subjects Name of the book Author Name
Economic and Social Issues Indian Economy Uma Kapila
Indian Economy Mishra Puri
Growth and Development Devraj Ray
Sociology C.N. Shankar Rao
English Descriptive General English S P Bakshi and Richa Sharma
Finance & Management Monetary Theory and Public Policy  Kenneth Kurihara
Economic Growth and Development Mayer and Baldwin
Financial Management Prasanna Chandra
Statistics An Introduction to Numerical Analysis Atkinson
Sampling Techniques Cochran, William G
Fundamental of Applied Statistics Gupta, SC, VK Kapoor
English Objective English Edgar Thorpe
Objective General English R.S. Aggarwal, Vikas Aggarwal
Word Power Made Easy Norman Lewis
Reasoning Test of Reasoning Edgar Thorpe
A modern approach to verbal & non-verbal Reasoning R.S. Aggarwal
How to prepare for Logical Reasoning Arun Sharma
Analytical Reasoning M.K. Pandey

*The article might have information for the previous academic years, please refer the official website of the exam.

Comments


15 Comments
J
jaya ch
When is RBI Grade B exam in 2020?
S
shobhna chaturvedi
Hi Jaya, RBI has not released the exam dates for 2020 session yet.
V
valliammai v
I Pursued B.E.,Civil Engineering, I wanna appear for this Exam in 2020, But I am completely unaware of Finance (Banking Terms) etc...should I proceed preparing for this or step back and choose to try something else?
S
shobhna chaturvedi
Hi Valliammai, this totally depends on your choice and field of interest.
S
sana fatima
Hi, I have completed my MBA in finance
S
shobhna chaturvedi
Hi Sana, you are eligible for this exam only if you have scored at least 60% in your UG degree.
F
flora jancy rani a
i need a model question paper of rbi exam
S
shobhna chaturvedi

Hi Jancy, you can check Practice Papers for the exam from here.

Y
yuva raja
i need guidance to prepare rbi exam...
S
shobhna chaturvedi

Hello, you can refer the Practice Papers for this exam from here to enhance your preparation.

N
nannam maheswari
Hi ,iam completed my degree and iam decided to write a RBI grade b exam after completion of my pg and I want a best study plan to write RBI exam after 2 years
S
shobhna chaturvedi

Hi Nannam, you can refer to some Practice Papers from here to enhance your ongoing preparation for the exam.

M
mukesh jangid
Sir' I have done my graduation by 62% but I have 59% in 10th and 72% in 12th so can I apply for RBI
S
shobhna chaturvedi

Hi Mukesh, kindly check the Eligibility Criteria for various posts being offered through this exam to know the posts you are eligible for.

N
nammo shri
My age is 30 , high school percentage is 48%, in 12th 72%, graduate by 57%, also I have done post graduation in which I have scored 62%, do I eligible for rbi grade b exam
S
shobhna chaturvedi
Hi Nammo, sorry but you are not eligible for the exam as candidates must not be above than 30 years of age as on May 31, 2019.
C
chandan sharma
I want to prepare for RBI Grade B exam. I have just started so should i appear for 2019 or i should go for 2020 exam.
S
shobhna chaturvedi
Hi Chandan, applying for exam in 2019 is not possible as the dates have already gone. However, you may apply for RBI Grade B exam in 2020. Notification for the same is expected to release in the month of April, 2020.
J
jithin
I AM A QUALIFIED CA, AND I WANT TO KNOW IF I AM ELIGIBLE FOR GRADE B EXAM CONDUCTED BY RBI
S
shobhna chaturvedi

Hi Jithin, you can check the Eligibility Criteria of the exam from here to know whether you are eligible or not.