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RBI Grade B Preparation Tips

Updated On -

Oct 30, 2020

India’s Central Bank Institution, Reserve Bank of India (RBI) releases a recruitment notification every year for the posts of Grade B officer and Assistant. The Bank controls the monetary policy of the Indian Currency. Working for RBI is a dream comes true for a number of banking aspirants.

Get FREE RBI Grade B 2021 Mock Tests, Sectional Quiz, Previous Years Papers. Click Here

The RBI Grade B Exam held in 3 stages.

  • Phase I
  • Phase II
  • Interview

Firstly Know the Exam Pattern and Syllabus before starting your preparation for the exam.

Phase I Exam Pattern

RBI Grade B Phase I Exam Pattern

Phase I Exam is conducted in Online Mode that is Computer Based.

Subject No. of Questions Marks Time
General Awareness 80 80 25 minutes
Reasoning 60 60 45 minutes
English Language 30 30 25 minutes
Quantitive Aptitude 30 30 25 minutes

For every correct answer, there is 1 mark and for every wrong answer, 0.25 marks will be deducted. So, be careful what you answer and try to avoid answer the questions which are confusing.

  1. General Awareness: Scoring in this section is much easier for beginners. Those candidates who are giving regularly banking exams can also score more in this section. The section is very vast and questions mostly come from static and current affairs.

The section asks India’s ranking in various INDEX published by various organizations. Important days observed by RBI and any news from RBI. In static portion questions asked may be like Capitals and Currencies of different Countries, National Wildlife sanctuaries, National animal, Name of Stadium etc. For beginners try to read economics articles and keep searching the internet. Search Investopedia to know any terminology . Read Mint, Economic Times, Money Control online and get familiar with the terms used.

RBI won’t ask definition but knowing the meaning of the terms can give you a big advantage in the exam. Try to remember news related banking and finance which is the main weightage of the General Awareness Exam. Scoring more marks in this section is the key to success. To get more marks in this particular section try to read one newspaper daily and read about any financial organization like Nabard, IMF from their website daily.

Recommended Books for General Awareness

  • Banking Awareness by Arihant Experts
  • Banking Awareness for SBI and IBPS Bank Clerk/PO/RBI Exams/RRB by Disha Expert
  1. English Language: The style of English questions in this exam is kind of similar to other banking exams. In English there is Reading Comprehension, Fill in the blanks, ClozeTest, Jumbledword, Sentence Rearrangement, ErrorSpotting, SentenceFraming, Vocabulary, Grammar, Match the Column, Tenses, Phrases and Idioms.

For reading comprehension try to read Newspaper daily. Try to understand the meaning of the words that can help you in Vocabulary. For betterment in the Vocabulary, section tries to read Dictionary. For other types of questions if you know the basic then try to practice more and more. Practice can take you to success in this section. For other questions try to solve previous year questions and model questions if the basic concept is clear.

Recommended Books for English

  • Objective English by S.P Bakshi
  • Word Power Made Easy by Norman Lewis
  1. Reasoning: Topics for reasoning are Statement and Conclusion, Inequalities, Sitting Arrangement, Input-Output machine, Statement and Inference, Blood Relations, DataSufficiency, Directions, Series Completion. This Section is also very much scoring. Try to read R.s Agarwal Reasoning book to learn basics. Then Practice more and more for betterment. Practice mock tests to assess yourself.

Recommended Books for Reasoning

  • A Modern Approach to Verbal and Non-Verbal Reasoning by Rs Agarwal
  • Analytic Reasoning by M.k Pandey
  1. Quantitive aptitude: Topics for quantitive aptitude are Data Interpretation, Permutations, Combinations, Probability, Pipes, Trains, Boats, Race, Profit, Loss, Discount, Averages, Mixtures, Allegations, Si, Ci, AP, GP, HP, Linear & quadratic equations, Geometry, Series Completion and find the wrong one in the series, Time & Work. The questions asked in this section are almost similar to other banking exams but from the last two years, the level of difficulty has increased. So this section has become little tough to score more marks. Try to clear your basics from book and practice more to get more marks in this section. Try to solve previous year questions and mock test series to get more marks.

Recommended Books For Quantitive Aptitude

  1. First Track Objective Arithmetic by Rajesh Verma
  2. How to Prepare for Quantitive Aptitude by Arun Sharma
  3. Quantum CAT by Sarvesh K Verma
  4. Magical Book On Quicker Maths by M.Tyra
Phase II Preparation

Phase II Exam Preparation

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.)

  • Economic and Social Issues contains 100 Marks which have time limit of 90 minutes.
  • English Writing Skill Paper contains 100 Marks which have a time limit of 90 Minutes.
  • Finance and Management contains 100 Marks which have time limit of 90 Minutes.

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.

Paper I –Economic and Social Issues

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

  • 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 Social Issues Part read Newspaper or Magazines daily.

Recommended Books for Economic and Social Issues

  1. Indian Economy by Uma Kapila
  2. Indian Economy by Mishra Puri
  3. Growth and Development: Devraj Roy

Magazines or Bulletins:

  1. Economic and Political Weekly
  2. Southern Economist
  3. Yojana
  4. Business India

Newspapers:

  1. Economic Times
  2. Hindu
  3. Business Standards

Paper II –English (Writing Skills)

This paper is Descriptive in nature but it is very scoring. The Questions generally asked on Essays, Comprehension, and Précis Writing etc. This is the Only Descriptive paper int he Whole Exam. Read Newspaper on daily basis to keep yourself updated on different issues or topics. The main key to success in this paper is to practice your writing skills. The more you practice the more you will get better score in Essay writing. For Precis Writing, don’t deviate from the tone of the given passage. Try to use your own words.also stick to the matter what have been discussed in the passage. For particularly this precis 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.

Recommended Books for English Writing Skills:

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

Finance is the one section 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 class, 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.

Recommended Books For Finance and Management

  1. An Introduction to economics –AW Stonier and DC Hauge
  2. Monetary Theory and Public Policy- Kenneth Kurihara
  3. Indian Economy- Mishra and Puri
  4. Economic Growth and Development-Mayer and Baldwin
Preparation Key Points

Key Points to be remembered at the time of Preparation

  1. 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.
  2. 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.
  3. Reading Newspaper Daily: Aspirants appearing for RBI Grade B Exam must have to read a newspaper daily. Try to read English Newspaper this will also help you in your English Section. Also, it will help you to prepare in the Finance and Economic section.
  4. Practice Mock Test Series: After completing the whole syllabus for the Exam try to Solve Mock Test Series and assess yourself. Try to find your strength and weaknesses. Focus more on your weakness and try to convert it in your strong point. Whenever you feel you are ready for the Exam try to give Mock Test and see where you stand.
  5. Solve Previous Year Question Sets: After successfully completing all the above stages try to solve previous year questions and assess yourself. From previous year question set you can assume the hardness of the questions.

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

All the Best to all the aspirants of RBI Grade B Examination.

RBI Grade B FAQs

FAQ’s

Ques. Can I Prepare for the Exam without Coaching?

Ans. Yes, Candidates can prepare for RBI Grade B Exam without Coaching. But that will require hardwork and dedication.

Ques. I am currently working. How can I prepare for the Exam?

Ans. It is advised to start your preparation before one year of the Exam. Try to take out some time between your work for the study.

Ques. Is there any number of attempts for the Exam?

Ans. Yes, there is a limit in the number of attempts.

Ques. How can I clear my concepts for Quantitive Aptitude?

Ans. You can refer to High School books to clear your basic concepts for Quantitive Aptitude.

Ques. What is the Ideal Preparation Time for RBI Grade B Exam?

Ans. The Ideal preparation time for RBI Grade B is One year. However, many candidates crack the exam by preparing for only 6 months.

Ques. Can I crack the RBI Grade B Exam by practising only Mock Tests?

Ans. No, to crack the exam, candidates must prepare with the help of books, tutorials also with mock tests.

Ques. Do RBI prescribes book for the exam?

And. Yes RBI prescribes book for II phase Exam.

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

Comments


7 Comments
R
riyaz
how to prepare finance and management for rbi grade b?
K
kavita rani

Hi Riyaz. The Finance & Management (F&M) section of the RBI Grade B Exam is considered as the toughest section in Phase II. Thus it is important to have better understanding of concepts and reading (both conceptual & practical) that help you get a good score in the exam.

P
pradeepraje
how to prepare management for rbi grade b?
K
kavita rani

Hi Pradeepraj. Management is one the most scoring subject in RBI Phase-2 so you must prepare a detailed preparation strategy to get a god score. You are suggested to pick each topic chapter wise and refer to different sources until all the topics are understood clearly.

S
sheetal chib
how to prepare general awareness for rbi grade b?
K
kavita rani

Hi Sheetal. For current affairs section of RBI Grade B, candidates are advised to read newspapers daily. Make your notes while reading the newspaper and go through the previous year questions and mock question papers to understand the kind of questions asked in the exam. Other useful preparation tips are mentioned here.
 

S
sheetal chib
how to crack rbi grade b in first attempt?
K
kavita rani

Hi Sheetal The first stage of preparation is to clear all the basic fundamentals of any subject. IN case your concepts are clear, you can solve even the most difficult problems as well. Also, do more mock tests and sample papers that help you get a good score. Check other preparation tips here. 
  

R
riyaz
how to start preparation for rbi grade b?
K
kavita rani

Hi Riyaz. You must know the latest exam pattern, make an effective study plan, prepare prelims section-wise strategy to get a good score. Other useful preparation tips are mentioned here.
 

R
riyaz
how many months current affairs for rbi grade b?
K
kavita rani

Hi Riyaz, We suggest you to refer to at least 6 months old current affairs to ace your preparation level.

P
priyanka chavan
How many hours should rbi grade b aspirant study ??
C
common admission test

Hii Priyanka. You should Study an average of 6 to 8 hours daily to clear RBI Grade B in One year. Kindly refer this link for more Preparation tips:- PREPARATION TIPS