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RBI Grade B 2024 Exam

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About RBI Grade B Exam

Reserve Bank of India RBI has released the Recruitment of Officers Grade B Various Post Recruitment 2023 Notification. Any candidate who is interested in this RBI Officers Grade B 2023 recruitment and fulfills the eligibility can apply online from 09 May 2023 to 09 June 2023. For recruitment eligibility, age limit, Post wise Eligibility, selection procedure, syllabus and all other information read the advertisement and then apply.


RBI Grade B Exam Date

Reserve Bank of India has released the RBI Grade B 2023 Online Registration dates, Exam Date and other important dates along with the official RBI Grade B Notification 2023 on 26th April 2023. All the important dates for RBI Grade B 2023 will be updated here once it has been released by RBI.
 

Events Dates
Release of RBI Grade B Notice 26th April 2023
Online Application Form Starts 09th May 2023
Online Application Last Date 09th June 2023 (6 pm)
Online payment of Application Fees Last Date 09th June 2023 (6 pm)
RBI Grade B phase-I Call Letter Notified Soon
RBI Grade B phase-I Exam Date 2023 09th  16th July 2023
RBI Grade B phase-II Exam Date 2023 30th July, 2nd September, 19th August 2023
Official website https://www.rbi.org.in

RBI Grade B Eligibility

RBI notifies the eligibility in the RBI Grade B notification every year. Candidates are required to fulfil the eligibility conditions as stated by the RBI. The basic eligibility criteria in regards to the age limit and the educational qualification as given in the RBI Grade B Notification are discussed below:

Eligibility - Age Limit:

As per the RBI Grade B Notification, the applications are invited from candidates between the age group of 21 and 30 years of age group as of January 01, 2022. However, candidates holding M.Phil. and PhD degrees are given age relaxations. The upper age limit for such candidates is 32 and 34 years respectively. Furthermore, the candidates from the reserved category are eligible for relaxation in the upper age limit as per the Government of India norm.


RBI Grade B Vacancy

Reserve Bank of India (RBI) has announced 291 vacancies for the RBI Grade B 2023 exam along with its official RBI Grade B Notification 2023. Let’s have a look at the post-wise vacancy distribution for RBI Grade B 2023 Exam.

Posts  Vacancies
Officers in Grade ‘B’ (DR)–(General)  222
Officers in Grade ‘B’ (DR)–DEPR  38
Officers in Grade ‘B’ (DR)–DSIM  31
Total  291

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RBI Grade B Admit Card

The candidates can download their respective RBI Grade B admit cards by the following steps:

  • Visit the official website www.rbi.org.in
  • After landing on the page click on the link saying download admit card
  • After clicking on it one should enter all the required details.
  • Now, click on the submit button.
  • Then, for further use take a printout of the admit card.

RBI Grade B Salary

The Pay Scale for the RBI Grade B Officer is Rs. 55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750(16 years). This means that you will be having basic pay of Rs. 55,200/- in which you will get an increment of Rs. 2850/- up till nine years of your service. After the completion of nine years, you will get into the executive band wherein the basic pay will be Rs. 80850/- and then again for the next two years you will get an increment of Rs. 2850/- and further an increment of Rs. 3300/- for the following 4 years thus ending up with the basic pay of Rs. 99,750/- and this is when you don't get any promotion. Apart from the Basic Pay, multiple emoluments such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance etc. will also be provided.


RBI Grade B Selection

The RBI Grade-B selection process is done in three phases. Phase-I, Phase-II, and Interview round. Candidates must qualify in phase- I in order to appear for the Phase-II exam. On clearing Phase -II examination, they will be called for the interview round.

The final selection of candidates is done based on the overall performance in the exams as well as in the interview round.


RBI Grade B Syllabus

The applicants must be clear about the syllabus of the RBI Grade-B examination so that they can prepare well for the RBI Grade B Phase-I Exam.

Phase-I Syllabus:
Subjects Topics
English
  • Grammar
  • Vocabulary
  • Error Spotting
  • Comprehension
  • Passage Making
  • Jumble words
  • Fill in the blanks
  • Sentence Framing
Quantitative Aptitude
  • Mensuration
  • Time and Work
  • Average, Ratio, Percentages
  • Speed, Distance and Time
  • Mixture and Allegations
  • Permutation and Combination
  • Data Interpretation
  • Probability
Reasoning
  • Puzzles
  • Seating Arrangement
  • Directions and Distance
  • Data Sufficiency
  • Blood Relations
  • Syllogism
  • Coding-Decoding
  • Inequality
General Awareness
  • Banking Financial Awareness
  • Monetary Policies
  • Economic Terms
  • Current Affairs
  • Financial Economics News
  • Static GK
  • Government Schemes, Agreement Deals
  • Banking terms, rates, processes

Phase-II Exam Syllabus:
The details of the topics to be covered for RBI Grade B Phase II are given in the below table.
Papers Topics
Paper-I: Economic and Social Issues
  • Growth and Development
  • Measurement of growth: National Income and per capita income
  • Sustainable Development and Environmental issues
  • Poverty Alleviation and Employment Generation in India
  • Economic Reforms in India
  • Industrial and Labour Policy
  • Monetary and Fiscal Policy
  • IMF and World Bank
  • WTO
  • Regional Economic Cooperation
  • Social Structure in India
  • Multiculturalism
  • Demographic Trends
  • Urbanization and Migration
  • Gender Issues
  • Privatization
  • Role of Economic Planning
  • Globalization
  • Balance of Payments
  • Export-Import Policy
  • Opening up of the Indian Economy
  • International Economic Institutions
Social Justice:
  • Positive Discrimination in favor of the underprivileged
  • Social Sectors in India
  • Social Movements
  • Indian Political System
  • Human Development
  • Health, and Education.
Paper-II: English (Writing Skills) This paper assesses the writing skill that includes the capability of expressing and understanding the topic
Paper-III: Finance and Management Finance:
  • Financial System
  • Regulators of Banks and Financial Institutions
  • Banking System in India
  • Financial Institutions SIDBI, EXIM, NABARD, NHB, etc,
  • Financial Markets Primary and Secondary Markets
  • Risk Management in Banking Sector
  • Reserve Bank of India- functions, and conduct monetary policy
Basics of Derivatives:
  • Forward, Futures, and Swap
  • Changing Landscape of Banking sector
  • Recent Developments in the Financial Sector
  • Portfolio Investment
  • Public Sector Reforms
  • 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)
  • Disinvestments
  • Financial Inclusion- use of technology
  • Alternate source of finance
  • Private and social cost-benefit
  • Public-Private Partnership Corporate Governance in Banking Sector
Inflation:
  • Definition
  • Trends, estimates, consequences, and remedies (control): WPI, CPI components, and trends.
Management: its nature and scope:
  • The Management Processes; Planning, Organisation, Staffing, Directing, and Controlling
  • The Role of a Manager in an Organisation Leadership: The Tasks of a Leader; Leadership Styles
  • Goals of HRD
  • Performance Appraisal, Potential appraisal, Leadership Theories
  • A successful Leader versus an effective Leader
  • Human Resource Development
  • Concept of HRD 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
  • Barriers to Communication
  • Role of Information Technology
  • Verbal versus non-verbal Communication
  • upward, downward and lateral communication.
Corporate Governance:
  • Mechanisms of Corporate Governance
  • Factors affecting Corporate Governance.

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RBI Grade B Exam Pattern

The applicants must have a clear idea about the exam pattern of the RBI Grade-B post, before applying for it. The Exam Pattern of RBI Grade B 2022 is divided into three phases, Phase-I, Phase-II, and Interview Round. The exam pattern for the two phases is given below.
 

Phase-I Exam Pattern:

RBI Phase-I of this examination consists of four sections. There is no sectional time limit. The total duration of the RBI Grade B Phase- I is of 120 minutes. The marks for each section are given below.

Subjects Number of questions Maximum marks Duration
General Awareness 80 80 25 minutes
Quantitative Aptitude 30 30 25 minutes
English Language 30 30 25 minutes
Reasoning 60 60 45 minutes
Total 200 200 120 minutes

Phase-II Exam Pattern:

RBI Grade-B Phase-II examination question paper consists of three sections. Each section needs to be completed within 90 minutes. The total time duration is 270 minutes.

Name of Test Paper Type Maximum Marks Time Allotted
Paper I - Economic and Social Issues
  • 50% Objective Test
  • 50% Descriptive Test
  • 50
  • 50
  • 30 mins
  • 90 mins
Paper-II - English (Writing Skills) Descriptive Test 100 90 mins
Paper III - Finance and Management
  • 50% Objective Test
  • 50% Descriptive Test
100
  • 30 mins
  • 90 mins

RBI Grade B Cut off

The cut off for RBI Grade B 2022 Exam will be released after each phase of the examination is completed. The cut-off for the Phase-I exam will be released first followed by the cut off for the Phase-II exam. Candidates can evaluate their marks and their chances of selection by matching their score with the cut off list released by RBI.

Cut-Off Marks for Phase-I Exam 
Section  Category 
GENERAL/UR  EWS  OBC  SC  ST  PwBD (OH/HI/VH/MD) 
General Awareness 
(Maximum Marks = 80) 
16.00  16.00  12.00  10.25  10.25  10.25 
Reasoning
(Maximum Marks = 60) 
12.00  12.00  9.00  7.75  7.75  7.75 
English Language 
(Maximum Marks = 30) 
6.00  6.00  4.50  3.75  3.75  3.75 
Quantitative Aptitide 
(Maximum Marks = 30) 
6.00  6.00  4.50  3.75  3.75  3.75 
Total Score/ Aggregate 
(Maximum Marks = 200) 
66.75  66.75  63.75  53.50  52.75  52.75 

RBI Grade B Qualification

Basic Educational Qualification:

As per the RBI Grade B Notification, you require 60% marks in Graduation (50% for reserved categories i.e SC/ST/PwBD) or an equivalent grade in Bachelor s degree along with 10th and 12th standard examinations from any recognized university/board.
 

Post-Wise Qualifications

RBI Grade B Notification notifies about the post-wise qualifications under eligibility criteria. The required qualification for officers in Grade B (General, DEPR and DSIM) are tabulated below:

Post Qualification

Officers in Grade ‘B (DR) - (General)

At least 60% marks in Graduation (50% for reserved categories i.e SC/ST/PwBD) or an equivalent grade in Bachelor s degree along with 10th and 12th standard examinations from any recognized university/board.

Officers in Grade ‘B (DR) - (DEPR)

A Master s Degree in Econometrics/ Economics / Quantitative Economics/ Integrated Economics Course/ Mathematical Economics /Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute; OR

PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute; OR

Master s Degree in Economics in any of the subcategories of economics i.e. agricultural/ developmental/ business/ applied, etc., with at least 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

Officers in Grade ‘B (DR) - (DSIM)

A Master s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics Informatics from IIT-Kharagpur/ Applied Statistics Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years; OR

Master s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years and a one-year post-graduate diploma in Statistics or related subjects from an Institute of repute; OR

M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters/years; OR

Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur, and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.


RBI Grade B How to Apply

Once RBI releases the RBI Grade B notification as well as the application form on their official website, you will be able to fill it online. The RBI Officer Grade B online application will be accepted via online mode at the official website of RBI.

Steps to apply online for RBI Officer Grade B 2022 Exam
  • Go to the official website of RBI rbi.org.in.
  • Click on the opportunities section, given at the bottom of the page.
  • A new tab will open, click on the current vacancies section.
  • Click on the RBI Officer Grade B Recruitment 2022 link.
  • Now, click on the Application Form link.
  • A new tab asking for your registration will open.
  • Click on the link for New Registration.
  • Fill out the form with correct details as per your official documents.
  • Click save and upload a scanned photograph signature image.
  • Cross-check all your details and click on the submit button.
  • At last, pay the application fee as per your category.
  • The application fee is required to pay online through debit/credit card, mobile wallets or net banking.
  • Do not forget to take an e-print of the receipt for future use.

Application Fees

A total of Rs. 850/- is the application fee to be paid by candidates belonging to the General and OBC category for RBI Grade B 2023 exam. The same amount is reduced to Rs. 100/- for candidates belonging to SC/ST/PWD category.

Category Application Fee
General/OBC Rs. 850/-
SC/ST/PWD Rs. 100/-
Staff@RBI Nil

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Frequently Asked Questions (FAQ) RBI Grade B Exam

Q. What is the Syllabus of RBI Grade B Exam?
A. In this article Page, we have provided the latest syllabus of the RBI Grade B exam. The syllabus of RBI Grade B comprises the topics and sub-topics under sections, Knowledge of RBI Grade B syllabus helps candidates to focus on their preparation and important areas of each subject.
Q. What is pattern of RBI Grade B Exam?
A. In this article Page, we have provided the latest exam pattern of the RBI Grade B exam . The pattern of comprises the subject wise pattern and no. of questions will come in exam, go to our article section of exam pattern for more details.
Q. Which is the best Mock test series for the RBI Grade B Exam?
A. At Studyclap, candidates can practice a complete set of Mock Test Series, along with a free mock test designed by our well qualified and expert faculty Team.
Q. How to prepare for the RBI Grade B Exam?
A. To prepare for RBI Grade B exam, candidates should go through the exam syllabus and exam pattern, solve mock tests, practice previous years' question papers. Try to clear the concepts of each and every topic rather than cramming. Set a time to go over the chapters, Differentiate weak areas and work to improve them. Solve puzzles to improve logical skill.
Q. How to Download RBI Grade B Exam Syllabus PDF?
A. Candidates can download RBI Grade B exam syllabus PDF from our website for free. Candidates need to only register with us to download the exam syllabus.

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