RBI Grade B 2021 Exam Pattern (Section Wise), Marking Scheme, Syllabus and Books
Updated On -
Jan 12, 2021
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RBI Grade B 2020 Exam Pattern is decided by the 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 the Main exam will be held on December 1 and 2, 2020. RBI Grade B Syllabus for Phase I is consisting of four segments and these are Reasoning Ability, General Awareness, and English Language, Quantitative Aptitude.
Get FREE RBI Grade B 2021 Mock Tests, Sectional Quiz, Previous Years Papers. Click Here
Latest: RBI Grade B 2020 Application Forms are available from September 21 – October 11, 2020.
20 October 2020: Final result of RBI Grade B 2019 has been released. After 15 days of result declaration, both the mark sheet and category wise cut off score will be published.
5 October 2020: RBI has delayed to publish the RBI Grade B notification. Previously, it was decided to release the RBI Grade B 2020 notification in September.
- 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 the Main exam and interview.
- Duration will vary for both the exams. Negative marking is applicable for both the papers of RBI Grade B.
Check and Practice Current Affairs 2020 as much as possible for free
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 |
Check RBI Officer Grade B (Phase I) during the preparation time
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.
Practice Sectional Tests-Phase I for free before RBI Grade B 2020 Exam
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.