RBI GRADE B INTERVIEW

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What Is Reserve Bank of India?

RBI Grade B 2018 notification officially released with 166 Grade B Officer vacancies! The online application for RBI Grade B recruitment 2018 has been closed. The admit card for RBI Grade B Officer exam will be available to download before 10 days of the exam. The online exam is scheduled to be held on 16th August and 7th September 2018 in multiple shifts. So if you’re preparing for RBI Grade B exam 2018, check out the syllabus, exam pattern, eligibility criteria, vacancies, admit card, question paper, and free mock test for Officer online preparation.

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When will the RBI Grade B Notification 2018 comes Out?

RBI Grade B 2018 official notification is out. Reserve Bank of India is out with 166 Vacancies for the post of General (DR), RBI Officers in Grade B (DR) – (DEPR) and RBI Officers in Grade B (DR) – (DSIM) . The recruitment notification of RBI Grade B 2018 was earlier published in the newspapers.

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What is the Job Profile of RBI Grade B officer?

You will be on probation for 2 years which can be extended to 4 years based on your performance.

You may be allotted to different departments after your training is over. This is purely random, people with hardcore finance experience may be given HRD and vice versa. Some of the departments are Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD etc. The work profiles vary from department to department. You will be transferred from one department to another after some time.

Some of the Grade B officers will also be involved in planning and policy decisions. The RBI is a regulator and there are myriads of opportunities and work. One thing is sure, the job is not monotonous.

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How to apply for RBI Grade B 2018 Exam?

Steps to apply online 

  • Click on the direct apply online link given above or visit the careers page of RBI.
  • Select ‘Click here for new registration’.
  • Fill out the relevant details. After this, your registration number and password will be generated.
  • Fill the remaining application form. You need to scan following that need to be uploaded in the application form – – photograph (4.5cm × 3.5cm) – signature – left thumb impression – a handwritten declaration (text – “I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.”)
  • Do not forget to keep a copy of the Application form after final submission.

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What is the result of RBI Grade B Exam 2017?

RBI Grade B Phase II 2017 Result Out! Reserve Bank of India has declared the result of Grade B Officer Exam 2017. Roll Numbers of candidates selected for Interview round for RBI Grade B Officer Exam has been uploaded on the official website. Cutoff and marks scored by candidates will be declared after completion of the selection process and declaration of final results of the recruitment by RBI.

RBI (Reserve Bank of India) Officer Grade B exam was conducted on 7th July 2017. Students can check their result on the link provided below or RBI official website opportunities.rbi.org.in.

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Past year papers of RBI Grade B
Salary and Other Benefits in RBI Grade B Exam
Salary Components Amount Total Amount
Basic Pay 21000* 21000*
Dearness Allowance Varies Currently 84% approx. 17640
Local Allowance 5% OF BASIC 1050
LA Allowance 1,300 1300
Family Allowance 4% OF BASIC 840
FA Ceiling 1100 1100
Grade Allowance After confirmation 2250 2250
Special Allowance 2500 2500
Educational {Monthly} 2000 2000
House {Monthly} 2000 2000
Telephone {Monthly} 800 800
Petrol Allowance {Monthly} 120Ltr 9600*
Medical {Annual} 4000
Books {Annual} 4500
Briefcase {Annual} 7000
TOTAL Rs.77580* Rs.62,080*

Note: Basic salary Rs.35150/- and Gross Salary Rs.65000/- per month. There may be difference in the amount other than basic pay according to the location of job posted anywhere in India.

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Different levels & Selection Process for RBI Grade B examination
There are three different levels of RBI Grade B examination:

  • Phase 1
  • Phase 2
  • Interview

Phase 1: Objective Written Examination This is a two-hour examination, having 200 questions. A student scores +1 mark for each correct answer and a penalty of -0.25 for each incorrect response. There is no penalty for not attempting questions. The score obtained in Tier – I examination is not considered in the final score. So it is merely a qualifying examination. Generally, the examination is conducted in different time slots over a window of 2-4 days. The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method. A candidate has to secure minimum marks separately in each subject as well as aggregate. The question paper pattern is: More 

Syllabus of Phase 2 RBI Grade B examination?
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 paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Paper-III – Finance and Management
(A) Finance and Management:
(I) Finance

(a) Financial System 1. Regulators of Banks and Financial Institutions 2. 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 1. Risk Management in Banking Sector 2. Basics of Derivatives: Forward, Futures and Swap 3. Changing Landscape of Banking sector 4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments

best RBI grade B online coaching phase 2

5. Financial Inclusion- use of technology 6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership 7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector. 8. 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), 9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.

(II) Management:

Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and controlling; The Role of a Manager in an Organization. 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 Counseling – 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.

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What are the roles of RBI?
RBI is the Regulator of Financial System

  • Controlling money supply in the system,

  • Monitoring different key indicators like GDP and inflation,

  • Maintaining people’s confidence in the banking and financial system, and

  • Providing different tools for customers’ help, such as acting as the “Banking Ombudsman.”

    RBI is the Issuer of Monetary Policy

  • Inflation control

  • Control on bank credit

  • Interest rate control

RBI is the Issuer of Currency

  • Section 22 of the RBI Act gives authority to the RBI to issue currency notes. The RBI also takes action to control circulation of fake currency.

RBI is the Controller and Supervisor of Banking Systems

  • Public sector banks

  • Private sector banks

  • Foreign banks

  • Co-operative banks, or

  • Regional rural banks

    Manager of Foreign Exchange

RBI manages forex under the FEMA- Foreign Exchange Management Act, 1999. In order to

  • facilitate external trade and payment

  • promote development of foreign exchange market in India.

Eligibility Criteria for RBI Grade B examination
Age : Between 21 and 30 years. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively. For candidates having experience as an officer in Commercial Bank/ Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of years of such experience, subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. Educational Qualifications: A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th and10th standard examinations. The minimum qualifying percentage or an equivalent grade for the Bachelor’s Degree will be in aggregate for all semesters/years. Number of attempts: Candidates belonging to unreserved i.e. General Category, who had already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them.

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Cut off of RBI Grade B Exam 2017
Exam 2017 Cut Off

Section wise and aggregate cut off marks in Phase – I examination held on June 17, 2017 for shortlisting the candidates for Phase-II examination for the post of Grade B Officers (DR).

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How do I clear RBI Grade B exam in 6 months?

If you start RBI Grade B preparation in December, you are expected to have atleast 6 months till may 2018. Anything above that would be a bonus.

This answer covers next 3 months. I am not covering complete 6 months because it is always better to plan for near future and not the entire run of study.

The strategy of study should be to cover phase 2 right now in the next 2 months and then to move towards phase 1 for the next 1 month.

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Books recommended for RBI Grade B Exam

Mere coverage of all the below mentioned books does not ensure selection due to the nature of examination. Application of concepts and learnings determine success. Therefore, do not just focus on covering all the books. Also focus on understanding and applying what you read.

GENERAL AWARENESS: (helpful in all 3 stages) 

LUCENT’s General Knowledge for Static Part of GA Online Blogs and newspapers for current affairs- The Hindu/ Livemint/ Business standard/ Scroll.in/ The Indian Express

Method to Prepare for RBI Grade B exam

Step 1- Understand the syllabus and demands of RBI Grade B exam.

RBI exam is conducted in three phases.

  • RBI Grade B Phase 1 comprises of Aptitude test (English, Reasoning, Quantitative Aptitude and Data Interpretation) and General Awareness.

  • RBI Grade B Phase 2 comprises of 3 papers- English, Economic and Social Issues (ESI) and Finance and Management. While English is Descriptive, ESI and Finance and management are objective papers. Marks of RBI Grade B exam phase 2 and phase 3 are combined to prepare merit list of candidates for RBI exam.

  • RBI Grade B Phase 3 is the Interview stage.

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Does RBI stick to the syllabus for RBI GRADE B examination?
No it does not. Over the last two years, RBI has been asking all kinds of questions outside the syllabus mentioned by it. In finance and management for RBI Grade B Exam, the trend is more pronounced with many technical areas being covered. These are not at all mentioned in the syllabus.  However, the silver lining is that there is a trend. RBI is using certain areas in Finance and Management to frame questions. The trick is to cover those and related areas thoroughly if one wants to be proactive in preparation of RBI GRADE B. Relying on past year examination is not going to make sure that your name appears in the list, being proactive and one step forward than others can!  I have mentioned books that need to be covered for RBI GRADE B 2017 in some questions of Quora. Please make sure that you do not rely on books and syllabus mentioned by RBI. They do not solve the purpose.  To know about Break up of Books chapter wise, booklist as well as method of preparing for RBI Grade B Exam, you can use the following links: 

Chapter wise break up for finance & management

All About Study Material For RBI Grade B Phase 2 Exam (Finance and Management):

Management for RBI Grade B Phase 2 Exam-

“Organization Theory and Behavior” by T N Chhabra and B P Singh”.

“Human Resource Management” by T N Chhabra.

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What our Students Have to Say

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Teja BM

Former Assistant at Reserve Bank of India (2015)

I want to thank Anuj Jindal a lot for his courses. Myself being from technical background have absolutely no idea about either economics or finance. I learnt a lot from his videos. I already read 9th and 10th class NCERTs for basic concepts, however when I started reading 11th Class NCERT and also started watching Anuj’s videos, I got a lot of conceptual clarity from his videos.

He organised the content in a logical manner and also covered the concepts comprehensively and sufficiently in depth.

So, I highly recommend my fellow aspirants to subscribe to his courses so that they too could get benefited if they feel they didn’t understood economics or finance.

Note: I’m in no way associated with Anuj Jindal apart from being his student and I wanted him and students to get benefited. I’m voluntarily endorsing his course.

Shilpa Dahiya

Former Assistant at Reserve Bank of India (2015)

​I don’t have much idea about ¿¿¿¿¿¿ course but i had subscribed to Anuj Jindal’s course. Not only the material is good, but also he also gives personal attention in case of any problem. He gives proper schedule as and when which notes he will deliver, which maintains a sort of discipline specially for employed aspirants to finish the earlier notes before receiving the new ones. RBI Grade B Online Coaching

Pritam Deo

Thank you so much Anuj Jindal for your course which enabled me to qualify for interview. Due to your course only I could cover F&M in short span of time. Your videos are just awesome which is so lucid that I could grasp the concepts with ease. Also, the notes provided by you are of high quality which stands out in the market.

Anonymous

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