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RBI Grade B 2021 Exam Pattern (Section Wise), Marking Scheme, Syllabus and Books

Updated On -

Jan 12, 2021

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Anam Shams

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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.
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.

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.


bhagyashri kene
Is the exam Bilingual?
kavita rani

Hi Bhagyashri. Yes, excluding English language section, the paper is set bilingually in English and Hindi. Check out the latest exam pattern here.

arushi thankur
Will the exam conducted online or offline (OMR Based)?
kavita rani

Hi Arushi. The mode of exam is Online. This exam is taken into three phases including Preliminary, Main exam and Interview. RBI Grade B exam is taken online, which is computer based test. Check out more details related to the same here.

Will the exam conducted online or offline (OMR Based)?
kavita rani

Hi Neha. RBI Grade B exam is taken in online mode that is computer based test.

sadim ansari
What is the syllabus for Phase 2 exams?
kavita rani

Hi Sadim. RBI Grade B Syllabus for Phase I include four segments including Reasoning Ability, General Awareness, and English Language, Quantitative Aptitude. For detailed syllabus, refer here.

What is the Structure of the exam?
kavita rani

Hi Vipasha. RBI Grade B exam is taken online and there are three phases in the exam including Preliminary, Main exam and Interview round. Detailed exam pattern is mentioned here.

sunny pandey
Will the exam conducted online or offline (OMR Based)?
kavita rani

Hi Sunny, The mode of the exam is online, it will be taken on computer.

priyanka kar
I'm a science student and I have no idea of economic and finance .so how difficult would it be for me to learn the economic thing ?
arvind kumar

Hi Priyanka, you can learn the economics by proper focus on the particular subject keeping in view the syllabus strictly. For more details visit: RBI GRADE B

kashish tomar
Is it necessary to have econometrics knowledge for clearing the RBI grade B DEPR?
kavita rani

Hi Kashish. Yes, in case you have econometrics knowledge then it will help you get a good score in the RBI Grade B DEPR. As the majority of the candidates are Ph. D holders and the level of competition is tough. So having knowledge of econometrics will help get a good score.

vishal sharma
Will my preparation for the RBI grade B exam help in getting a good score at the CAT as well?
kavita rani

Hi Vishal. Candidates who have earlier prepared for the RBI grade B exam, or other competitive entrance exams, you will get an extra advantage while giving the CAT exam.

How can I prepare for economic and social issues for the RBI Grade B Phase 2 exam?
kavita rani

Hi Vipasha. Referring to the latest books can help you stay updated about the latest economic and social issues for the RBI Grade 2 phase 2 exam. Refer here to know the best recommended books.

ibashisha mukhim
How can I prepare for an RBI Grade B officer during my SBI PO preparation?
kavita rani

Hi Ibashisha. Yes, you can prepare for both the exams at the same time.

surabhi s
How can I prepare for RBI grade B phase 1 & phase 2 while going to college? I am in the 2nd semester of BCA.
kavita rani

Hi Surabhi. In case you are studying in a dedicated way and is well-versed with the latest exam pattern, you can prepare for the exam along with continuing your studies as well. But you need to complete your graduation to give the RBI Grade B exam. To know more about the same, refer here.

Am I eligible for RBI grade B exam (10th - 85%,12th-72%,B.E.- CGPA-7.07 & CPI-6.27)?
kavita rani

Hi Pradeepraj. You need to have at least 60% marks or an equivalent grade in Bachelor’s degree as well as in 12th and 10th standard examinations. Check out the detailed eligibility criteria here.

yash raj singh
How can I become an RBI grade B officer, as I have completed my BSc and I don't know a single knowledge of it? Can anyone explain the details?

Dear Yash Raj Singh

Greetings from Collegedunia. We are happy to inform you that you are eligible to apply for RBI Grade-B Officer Examination if you have completed Graduation with 60% aggregate marks in all 3 Years. You can apply it to its official website.

kavita rani

Hi Yash. The RBI Grade B exam is considered as one of the toughest exams but in case you do the right competitive exam preparation, you can easily get a good score in this exam. In case you meet the minimum eligible criteria, you can apply for the exam. Refer to the official website and adhere to the steps mentioned there to apply.

rashmi gupta
What are the Mistakes made by RBI grade aspirants while exam preparation?
kavita rani

Hi Rashmi. The most important mistake made by the RBI grade aspirants while preparing for teh exam is the lack of awareness. Also doing random studies without guidance can affect your preparations a lot. So it is important to study as per the latest exam pattern.

How is the difficulty level of RBI grade B exams in comparison to CAT exam?
kavita rani

Hi Naman. There is no comparison between CAT and RBI GRADE B exams as both exams are completely different from each other. Also in terms of difficulty level, CAT Verbal Ability is quite difficult as compared to RBI Grade B Phase 1. Overall, if we compare the difficulty level, CAT questions are more difficult and need more practice as compared to RBI Grade B questions.

vanshika chandra
What is the job profile of rbi grade b officer and what are the future avenues?
kavita rani

Hi Vanshika. In the Reserve Bank of India, there are more than 30 Departments and in each department there are few Sections which is further subdivided into 4–5 sub sections. List of some of the departments of the Reserve Bank of India include Consumer Education and Protection Department, Corporate Strategy and Budget Department, Department of Banking Regulation, Department of Communication, etc. To know details about the job profile, refer to the official website.

shatakshi patki
Is the RBI grade B officer exam tougher than the SBI PO exam?
kavita rani

Hi Shatakshi. You can’t compare RBI Grade B prelims with SBI prelims. However, the Grade B prelims can be compared to SBI Mains. SBI PO exam is considered as tougher exam as more challenging questions are asked in this exam. Moreover, the selection process (phase 2 and interview) of RBI Grade B is quite difficult as compared to the other bank exams.

What is the difference in the pattern of SBI PO and RBI Grade B? Which topics should I study differently for the RBI Grade B?
kavita rani

HI Devisingh. Some of the common sections which you need to prepare include Objective English, Subjective English, Quantitative Aptitude, Reasoning, Current Affairs, and Interview. While preparing for the SBI PO mains and interview, you need to have knowledge of finance as well.

To know the detailed syllabus, refer here.

shaik kabeer
Is it advisable to quit RBI Grade B preparation for a 26 years old working professional like me, after 3 failed attempts and start preparing for an exam which has higher chances of success?
kavita rani

Hi Shaik. I think you should not quit rather give it a try so that it can increase your chances of getting selected. In case you are not satisfied with your current job and dedicated to get government job, then you can try for other exams like NABARD, SEBI, SIDBI, SBI PO, IBPS, SSC etc.