RBI GRADE B PHASE I & II 2018

Register for Free 20 Days RBI Grade B Phase I & II Course

RBI Grade B

Free Material

Courses Offered

RBI Grade B Complete Phase 1 & 2 + Nabard Grade A + Nabard Grade B Complete Course

Rs 26000 20000

25% OFF

Videos, Notes and Tests

Phase I – Preliminary Examination

1) Test of Reasoning 

2) English Language
3) Computer Knowledge 
4) General Awareness 
5) Quantitative Aptitude
6) Economic & Social Issues
7) Agriculture & Rural Development (with focus on Rural India) ( Covered by using 400+ Questions with Detailed Explanation)

8) Coverage of Yojana magazine
9) Coverage of Kurukshetra Magazine
10) Coverage of latest State of Forest Report’
11) Comprehensive coverage of website of ministries
12) Budget Survey
13) Agriculture Census
14) Coverage of basics of agriculture

Phase II

(Paper-I) 

1) General English (comprising essay writing, comprehension, report writing, paragraph writing & letter writing.) (covered through comprehensive tests and detailed discussion of answers through videos)

Paper–II
1) Economic & Social Issues

2) Agriculture & Rural Development (with focus on Rural India) ( Covered by using 400+ Questions with Detailed Explanation)
 
Paper–III 
1) Finance
2) Management
3) Statistics
 

Phase 1 Complete + Phase 2 Complete

Rs 24000 Rs. 19000

20% OFF

Videos, Notes & Mock Tests

Phase 1

  • Quantitative Aptitude
  • Logical Reasoning 
  • English
  • Current Affairs

Phase 2

  • English Descriptive 
  • Economic & Social Issues 
  • Finance & Management 
  • Current Affairs
  • Economic Survey
  • Budget
  • Government Schemes

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Phase 2 (ESI) + Phase 1 GA

Rs. 7000

Videos, Notes & Mock Tests Phase 1

  • Current Affairs

Phase 2

  • Economic & Social Issues 
  • Current Affair
  • Economic Survey
  • Budget
  • Government Schemes

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Phase 2 Complete + Phase 1 GA

Rs 18000 Rs. 16000

10% OFF

Videos, Notes & Mock Tests

Phase 1

  • Current Affairs

Phase 2

  • Economic & Social Issues 
  • Finance & Management 
  • English Descriptive
  • Current Affairs
  • Economic Survey
  • Budget
  • Government Schemes

BUY NOW 〉

Phase 2 (FM) + Phase 1 GA

Rs. 7000
Videos, Notes & Mock Tests:

Phase 1

  • Current Affairs

Phase 2

  • Finance & Management
  • Current Affair 
  • Finance Video analysis
  • Numerical Questions
  • Management Video discussions
  • Case studies

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Phase 1 Complete

Rs. 6000

Videos, Notes & Mock Tests Phase 1

  • Quantitative Aptitude
  • Logical Reasoning
  • English
  • Current Affairs

Phase 2

  • Current Affairs 

BUY NOW 〉

About RBI Grade B

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What Is Reserve Bank of India?
Reserve Bank of India (RBI) us the central bank of India, which controls monetary policy making. Establishment of RBI- April 1935(Under Reserve Bank Of India Act). Current Governor of RBI- Urjit Patel.

Past year papers of RBI Grade B
Salary and Other Benefits in RBI Grade B Exam
Salary ComponentsAmountTotal Amount
Basic Pay21000*21000*
Dearness AllowanceVaries Currently 84% approx.17640
Local Allowance5% OF BASIC1050
LA Allowance1,3001300
Family Allowance4% OF BASIC840
FA Ceiling11001100
Grade Allowance After confirmation22502250
Special Allowance25002500
Educational {Monthly}20002000
House {Monthly}20002000
Telephone {Monthly}800800
Petrol Allowance {Monthly}120Ltr9600*
Medical {Annual}4000 
Books {Annual}4500 
Briefcase {Annual}7000 
TOTALRs.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.

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.

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. More

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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