Here are most of the 1, 1.5, 2 and 2.5 marks questions from ESI and FM.

I do not remember the entire question statements as they were long and involved basic understanding of the issue discussed. This will give you an idea about your study horizon as well.

Questions/ TOPICS asked in 2015 phase 2 RBI exam:

  1. Objective of ICDS. There were two questions within one question on ICDS
  2. Food security mission
  3. When can a country declare a severe drought? I remember this question because it was way out of my league and I had no clue about it. The options were something like “when 20% of area is under drought, 40% and so on”
  4. 14th and 13th FC
  5. what is CAMELS system under management?
  6. some question on bridge loan
  7. SMERA
  8. Exchange traded futures true false. I don’t remember the question at all
  9. foreign exchange transactions covers?
  10. question on definition of motivation
  11. Impact of fiscal deficit. some statements
  12. china yuan devaluation effect
  13. Niti aayog
  14. poor economics book written by whom?
  15. NMP Objective
  16. Function of MSMED
  17. Happiness index published by which organisation?
  18. Global competitive index India’s rank
  19. India rank in HDI
  20. WPI
  21. SIDBI
  22. FRBM
  23. Activity related to FRBM
  24. Function of RBI
  25. Function of NHB
  26. NHB establishment
  27. SMEs contribution
  28. HRD function
  29. Long term decision- which one among the following is a long term decision? I don’t remember the statements here
  30. high returns to investor
  31. Least liquid
  32. Forest cover in India
  33. what is 360 degree appraisal
  34. question on Taylor’s theory on management
  35. quality of management
  36. Vanbandhu scheme
  37. question on Henri Fayol’s theory on management. I don’t remember statements under the Question.
  38. Urban Population
  39. Writer of Arthshastra?
  40. Increase in NPA
  41. WTO Trade agreement
  42. Payment bank function
  43. FDI contributors
  44. Repo definition
  45. Min Capital for small banks
  46. white label ATM net worth requirement
  47. A question on scheduled areas under the constitution.
  48. CVC constitutional body
  49. Who is SEBI chairman
  50. Cadbury committee- I don’t remember the question but it was something to do about its purpose and time.
  51. CSR percent
  52. which is not related with ICDS
  53. Factor cost GDP
  54. MUDRA fuction
  55. PMJDY facilitate
  56. SDR Currencies
  57. GST does not cover
  58. sequence of RRB NABARD SHG KCC in date of establishment
  59. interest swap
  60. What does not cause inflation
  61. Stock exchange is not for money mkt
  62. what is Six sigma- management question
  63. Shadow banking
  64. Gross expenditure
  65. PPP definition
  66. the intelligent investor author

the questions look easy on the outside but there were many questions with two inherent questions (look up sample questions released by RBI), which made it difficult and confusing.

Practical questions:

1. On “Net present value”. The question had an initial outlay, yearly inflows and terminal inflow given. cost of capital was given. it was required to find out net present value from the above mentioned facts. its an easy question if you know the formula.

2. The second question was a mix of accounting and ratio analysis. there are disagreements about the answer even now. some Balance sheet figures like current asset, fixed assets, total liability, capital, net profit, dividends etc were given. some ratios were also given. it was required to calculate a missing figure through these facts. ratios like “debt equity ratio” were to be used in the question.

English:

English paper had an essay and a precis. essay topics were:

  1. the essay was on gold schemes. i don’t remember the exact topic but it was something like,”gold schemes introduced by the government” on infrastructure. i don’t remember the exact topic- “Is infrastructure the key to economic growth in India”