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RBI Grade B Preparation Strategy 2021 for Phase II and Interview

Updated On -

Mar 19, 2021

The Reserve Bank of India 2021 has released the RBI Grade B 2021 notification for a total of 322 vacancies. The RBI Grade B Phase I exam for the DR-General, DEPR and DSIM exam was on 6 March 2021. On the other hand, the phase II exam of DR - General will commence on 1 April 2021. This is the high time to be shortlisted in the Phase I exam and to get a good score in the phase II exam. The Phase II exam score will be added to make the final merit list.

If you successfully clear the Phase I Examination then you qualify for the Phase II Exam. Phase II Examination is a mixture of Objective papers and Descriptive Papers which contains (Economic and Social Issues-Objective Type, English Writing Skills-Descriptive Type, Finance and Management-Objective Type). Before you start RBI Grade B preparation, you also should have a clear understanding about the RBI Grade B Phase II syllabus and exam pattern in a detailed manner.

  • Economic and Social Issues contains 100 Marks which have a time limit of 120 minutes: 50% objective type and 50% descriptive type
  • English Writing Skill Paper contains 100 Marks which have a time limit of 90 Minutes: Descriptive type
  • Finance and Management contains 100 Marks which have a time limit of 120 Minutes: 50% objective type and 50% descriptive type
Phase II Strategy

Preparation strategy for Phase II Examination

Unlike Phase I, Phase II Examination is not a Rejection Exam so the success rate in Phase-II Examination is more higher than Phase I Examination. Phase II Examination is not about speed, it is all about conceptual understanding and general awareness about the Banking and Finance Sector.Before checking RBI Grade B Phase II syllabus and its strategy ,candidates can check RBI Grade B phase I syllabus and its preparation strategy.

Paper I –Economic and Social Issues

Questions in this section will be divided into two sections: Static Economics and Dynamic Economics.

  • The Static Economics part will test Macro-Economic Concepts like national income, Repo rate, bank rate, fiscal deficit, Budget inflation etc. Try to be comfortable through their concepts and terminologies. If you studied Economics or Finance Previously this part wouldn’t be much difficult for you to master. Try to revise or clear your concepts from NCERT Books unless you don’t have an economics background.
  • For answering the Dynamic Economics part, the aspirants should be aware about current affairs related to the social and Economic issues.
  • For Social Issues Part read Newspaper or Magazines daily. For instance, the aspirants can read from ‘The Hindu’, Economic Times, Business Standards etc.
  • Some of the important topics for Dynamic Economics part are listed in the following:
    • Growth and Development
    • Measurement of growth: National income and per capita income
    • Economic reforms in India
    • Sustainable Development and Environmental Issues
    • Poverty alleviation and Employment General in India
    • Monetary and Fiscal policy
    • Privatization
    • Industrial and labour policy
    • Role of Economic Planning
    • Globalization
    • Balance of Payment
    • IMF and World Bank
    • WTO
    • Export-Import Policy
    • Social Structure in India
    • Demographic Trends
    • Multiculturalism
    • Indian Political System

Paper II –English (Writing Skills)

This paper is Descriptive in nature but it is very scoring. This is the Only Descriptive paper in the Whole Exam. Read Newspaper on a daily basis to keep yourself updated on different issues or topics.

  • The Questions generally asked on Essays, Comprehension, and Précis Writing etc.
  • The main key to success in this paper is to practice your writing skills.
  • The more you practice the more you will get a better score in Essay writing.
  • For Precis Writing, don’t deviate from the tone of the given passage. Try to use your own words and also stick to the matter of what has been discussed in the passage. For particularly this precise part try to enrich yourself with enough vocabulary.

For Comprehension, try to read the passage in less time and understand the meaning of the passage clearly and then go to answer the questions.

For this section, Candidates must read Newspapers /Articles for betterment.

Given below are some quick reference links related to RBI Grade B preparation.

Paper III-Finance and Management

Questions on management are scoring if you are able to memorize the concepts as the questions will be static in nature. Try to cover IGNOU Management Notes for better understanding the concepts. Additionally, you can use Scribd for MCQs on management.

  • The aspirants should have a detailed knowledge about the current year’s budget and also read Economic Survey to gain a perspective of the economic situation of India.
  • Read RBI Speeches and for these the aspirants should read speeches, bulletin, annual report etc.
  • Also read NITI Aayog Recent Reports.

Financial System

Finance is the one of the toughest sections which is highly technical in nature. Questions are generally asked on Indian Financial System and Indian Financial Markets.

Be well –versed with functioning of different bodies like RBI, Ministry of Finance, NABARD, Regional Rural Banks etc. Try to Cover topics like: financial market and their types, Credit Market, Details of Various asset classes, New schemes and various saving instruments, Corporate valuation Characteristics like NOPAT, Free Cash Flow, ROIC, Market value-added, Enterprise value added etc.

Numerical is also a good way to score high in the Finance section.

RBI offers different career prospects as per candidate experience, candidates can read RBI Grade B Job Profile and the respective salary structure before appearing for the exam.

Financial Markets

Some of the important topics of this unit are highlighted in the following section:

  • Primary and Secondary Markets (Forex, Bond, Money, Equity etc)
  • Instruments
  • Recent developments
  • Functions

Apart from these above mentioned topics, some of the general topics are:

  • Risk management in Banking Sector
  • Basics of Derivatives
  • Financial inclusion
  • Global financial markets and international banking-broad trends and latest
  • The union budget- Concepts, broad trends and approach
  • FinTech
  • Corporate Governance in the Banking sector etc.

Management

  • Fundamentals of Management and Organisational Behaviour
    • Introduction to Management
    • Evolution of management thought: Administrative, Human Relations, System approach to management
    • Managerial roles and management functions
    • Nudge theory
  • Meaning and Concept of Organisational behaviour, Personality
    • Factors affecting personality
    • Big five model of personality
    • Alderfer’s ERG theory
    • The concept of reinforcement
    • Content theories (Maslow’s need theory)
    • McCllelands’ theory of needs
    • Herzberg’s two factor theory
    • Process theories (Adams equity theory, Vroom’s expectancy theory)
  • Leadership
    • Theories (Trait, Behavioural, Charismatic, Transactional & Transformational leadership)
    • Analysis of Interpersonal Relationship
    • Organisational change: Kurt Lewin theory of change
    • Organisational Development (OD)
    • Theories of Planned Change (Lewin’s Change Model)
    • Action Research model
  • Ethics at the workplace and Corporate Governance
  • Communication
Phase II Exam

Topper’s Strategy: Phase II Exam and Interview

In this section, the preparation strategy of Shivang Bhanvadia, who secured AIR 2 rank in 2016 in his first attempt, will be analysed.

Economic and Social Issues

  • Since he was from a non-economics and non-finance background, hence he needed to start from NCERT of 11th and 12th standard. Apart from that, he read Indian Economy by Ramesh Singh.
  • He used to read from some important sources like Economic Survey of India and Budget of the respective year. He made a habit of reading the Economic Survey thoroughly. Hence, it helped to gain the economic situation of the country.
  • For the current affairs part, he reads newspapers daily. In addition, he also tried to read from the RBI website for reading speeches, annual reports, bulletin etc.
  • For the social issue part I, he relied on NCERT social science book.

English (Writing Skills)

  • Since this is a subjective paper, hence, kindly check your writing skills.
  • The aspirants have to answer 1 essay (40 marks), 1 reading comprehension (30 marks) and 1 precis writing (30 marks).
  • Unless practicing everyday, he read expert’s Strategy to write a good essay and good preci writing. This is an effective way to reduce the silly mistakes while writing.
  • Subjects for essay writing are: GST, E-banking etc.
  • To get a good score in this section, the aspirants have to avoid spelling and grammatical errors. Also, try to make your content crisp and try to write in to the point.

Finance and Management

  • To prepare the theoretical part, Shivang used to read from Indian Financial System by Prof. Bharati V. Pathak (Pearson Publication).
  • To prepare the numerical part, he relied on the Internet. Though, SHivang had the basic concept on Balance Sheets (due to his interest in stock market), however, to prepare the other things like rate of return, Bond Yield, Coupon rate etc.
  • Since, the aspirants would not get direct questions from Management part, hence, he suggested to follow any books referred by RBI.
Phase II Interview

Topper’s Strategy: Interview of RBI Grade B Exam

Shivang Bhanvadia was capable of scoring 42 out of 50 in the interview round and his rank was 2nd in all over the nation.

  • There is no hard and fast syllabus for RBI Grade B interview. Recalling his interview experience, Shivang Bhanvadia advised to revise the basics of banking the day before.
  • Shivang went through the basic concept before the date of interview, but did not read too much. Therefore, it helped to keep him calm from the undue pressure.
  • Do not panic if you do not know the answer. The panel members are usually very cordial and they do not unnecessarily put interviewee in stressful situations.
  • His interview round was more a discussion session than a question-answer round.
  • However, if the aspirants would still face any problem, then they appear for mock interviews with the peers or with someone, who can help them out.
  • Talk about a relevant subject while answering. If you need to support your argument with an example or statistics, make sure it is relevant to your question and subject and not a far-fetched metaphor.
Important Points

Key Points to be remembered at the time of Preparation

  1. Solve Previous Year Question Sets: After successfully completing all the above stages try to solve previous year questions and assess yourself. From the previous year question set you can assume the hardness of the questions.
  2. Create a Particular Time-Table: Aspirants preparing for RBI Grade B must stay organized and focused. Prepare the time-table realistically so that you can match up with it till the end. According to a survey the time of morning is the most fruitful time to study, so try to study in those hours. Give more time to difficult subjects according to you. Also, try to study all the subjects in a day.
  3. Clear Basic Concepts: At the first stage of preparation try to clear the basic fundamentals of any subject. These concepts will surely help you to solve difficult problems.
  4. Reading Newspaper Daily: Aspirants appearing for RBI Grade B Exam must have to read a newspaper daily. Try to read English Newspaper and this will also help you in your English Section. Also, it will help you to prepare in the Finance and Economic section.
  5. Practice Mock Test Series: After completing the whole syllabus for the Exam try to Solve Previous Years’ Sample Questions and assess yourself. Try to find your strengths and weaknesses. Focus more on your weakness and try to convert it to your strong point. Whenever you feel you are ready for the Exam try to give the Mock Test and see where you stand.

Last but not the least, Be Confident and give your level best in the Examination.

Phase II FAQs

FAQs

Ques. How can I start to prepare for the RBI Grade B exam?

Ans. The aspirants have to know the exam, exam pattern and syllabus very well. Then make a study plan. Go through the Phase I and II section wise preparation Strategy. Revision and appear for mock tests as much as you can.

Ques. How many hours should I study for the RBI Grade B exam?

Ans. Ideally, the desired candidate should need 8-10 months for preparing RBI Grade B Exam. Hence, they can get time to identify their strengths and weaknesses and can improve themselves.

3 Months Crash Course

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

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