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.
Firstly Know the Exam Pattern and Syllabus before starting your preparation for the exam.
Phase I Exam is conducted in Online Mode that is Computer Based.
|Subject||No. of Questions||Marks||Time|
|General Awareness||80||80||25 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.
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.
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.
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.)
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.
Questions in this section will be divided into two sections: Static Economics and Dynamic Economics.
Magazines or Bulletins:
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.
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.
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.
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.