RBI Grade B- Phase - I

The Reserve Bank of India, or RBI, is the country's central bank. Every year, the organization holds recruitment exams to fill various positions. The exam is held to direct recruit RBI Officers Grade B in Combined Seniority Group (CSG) streams. For the RBI Officer Grade B exam, candidates must be be...(Read More)

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Summary

The Reserve Bank of India, or RBI, is the country's central bank. Every year, the organization holds recruitment exams to fill various positions. The exam is held to direct recruit RBI Officers Grade B in Combined Seniority Group (CSG) streams. For the RBI Officer Grade B exam, candidates must be between the ages of 21 and 30 years.

RBI Grade B 2022 exam has a three-phase selection process for Officer Grade B (General) and a two-phase selection process for Officer Grade B (DEPR/DSIM). For RBI Officer Grade B (General) candidates must clear Phase-I, Phase-II of the exam, and the final interview process. For RBI Officer Grade B (DEPR/DSIM) candidates must clear the online/written examination and the final interview process.

Candidates who pass all these selection procedures will be considered for the RBI Officer Grade B positions in its various branches all across the country. The RBI Officer Grade B Exam 2022 will be held online as a computer-based examination and offline as a descriptive (pen and paper mode).

Candidates who match the eligibility criteria can apply online using the official website for RBI Officer Grade B post.

To apply for the RBI Officer Grade B 2022 test, candidates must pay Rs. 850 for Gen/OBC candidates and Rs. 100 for SC/ST/PWD candidates. Below you will find more information on the RBI Officer Grade B 2022 exam application process, syllabus, exam pattern, vacancies, eligibility criteria, important dates, how to apply, and other details.

You can check All upcoming exams on the website Sarkaripariksha.com and attempt the daily quizzes, Live tests, and get the latest information on Daily current affairs based on current events.

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  • Exam Pattern

    Total Marks : 200
    Total Time : 120 Min
    -ve marking : 0.25 (For each wrong answer)
    Subject Qns. Marks
    General Awareness 80 80
    English Language 30 30
    Quantitative Aptitude 30 30
    Reasoning 60 60
    Total 200 200

    Eligibility Criteria

    Essential Educational Qualifications (as on 01-09-2021): 

    A. RBI Officer Grade B (General)

    Graduation in any discipline/professional qualification or equivalent technical with at least 60 percent marks (50 percent for SC/ST/PwBD candidates) or Post-Graduation/Equivalent technical qualification with at least 55 percent marks (passing marks for SC/ST/PwBD candidates) in aggregate of all semesters/years.

     

    B. RBI Officer Grade B (DEPR)

    A Master's Degree in Economics / Mathematical Economics / Econometrics / Quantitative Economics / Integrated Economics Course/ Finance from a recognised Indian or Foreign University /Institute, with a minimum of 55 percent marks or an equivalent grade in aggregate of all semesters /years; OR PGDM/ MBA Finance from a recognised Indian or Foreign University /Institute, with a minimum of 55 percent marks or an equivalent grade in aggregate of all semesters /years. OR A Master's Degree in Economics from a recognised Indian or foreign university/institute in any of the sub-categories of economics, i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55 percent marks or an equivalent grade in aggregate of all semesters/years.

     

    C. RBI Officer Grade B (DSIM)

    A Master's Degree in Statistics/ Mathematical Economics/ Econometrics/ Mathematical Statistics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with at least of 55 percent or equivalent grade in the aggregate of all semesters/years; OR A master's degree in mathematics with at least 55 percent or equivalent marks in the aggregate of all years/semesters and a 01-year post-graduate diploma in statistics or similar fields from a reputable institute; OR M. Stat. Degree from the Indian Statistical Institute with at least 55 percent in aggregate of all semesters/years; OR Post Graduate Diploma in Business Analytics (PGDBA) jointly given by ISI Kolkata, IIM Calcutta and IIT Kharagpur with at least 55 percent in aggregate of all semesters/year.

     

     

    **Some boards/universities/institutions/do not offer class or percentage of marks, instead of awarding Aggregate Grade Points (e.g., CGPA/OGPA/CPI, etc.). If a university/institute/board establishes criteria for converting aggregate grade point to % of marks, the criteria will be followed. Where the University/Institute/Board does not provide criteria for converting Aggregate Grade Point into the percentage of marks, the undefined parameter(s) would be worked out as follows in the degree/passing certificates**

    Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10-point scale Aggregate Percentage of Marks
    6.75 60%
    6.25 55%
    5.75 50%

    Number of Attempts: 

    A general category candidate may apply for the RBI Grade B Phase-I test a maximum of six times. There is no attempt limit for applicants from the EWS, OBC, SC, ST, and PwBD categories.

     

    Age limit (As on 01-01-2021):

    The candidate's age must be between 21 to 30 years. * Applicants must have been born between the 02 January 1991 and the 02 of January 2000. The upper age limit for candidates who possessing M.Phil. and Ph.D. qualifications, will be 32 and 34 years respectively.*

     

    The following are the permissible upper age limit relaxations and category-codes for claiming age relaxation:

    Code No Category Age-relaxation permissible beyond upper age limit
    01 SC/ ST 5 years
    02 OBC 3 years
    03 PWD (Gen/ EWS) 10 years
    04 PWD (SC/ ST) 15 years
    05 PWD (OBC) 13 years
    06 Ex-Servicemen 5 years

     

    Exam Pattern

    Scheme of RBI Office Grade B Selection Procedure:

    The recruitment process will be divided into the following phases:

    FOR RBI Officer Grade B (General)

    • Phase-I

    • Phase-II

    • Interview

     

    FOR RBI Officer Grade B (DEPR/DSIM)

    • Online/ Written Examination (Paper- I, II & III)

    • Interview

     

    RBI Officers Grade B (Dr)-General:

    Phase-I Online Examination (Objective Type):

    Part Name of Tests Number of Questions Maximum Marks
    I English Language 30 30
    II Quantitative Aptitude 30 30
    III Reasoning Ability 60 60
    IV General Awareness 80 80
    Total 200 200

    Important Note:

    I. The question papers will be of the multiple option type.

    II. One mark has been allotted for each question.

    III. The questions will be written in both Hindi and English.

    IV. Each test will be given its separate time slot.

    V. Candidates must get the minimum marks prescribed by the Board for each test individually as well as in aggregate

     

    Phase-II online Examination:

    Paper Number Name of Paper Type of Paper Number of Question Maximum Marks Time allotted for each test
    Paper-I Economic and Social Issues Objective Type @ 50 30 minutes
    Descriptive, answers to be typed with the help of the keyboard @ 50 90 minutes
    Paper-II English (Writing Skills) Descriptive, to be typed with the help of the keyboard 3 100 90 minutes
    Paper-III Finance and Management Objective Type @ 50 30 minutes
    Descriptive, answers to be typed with the help of the keyboard @ 50 90 minutes

    Important Note:

    I. The questions will be written in both Hindi and English.

     

    @ - There will be 30 questions and 50 marks for Objective questions in both Papers I and III (some questions carrying 2 marks each and some carrying 1 mark each). In the case of descriptive questions, six questions will be asked, of which candidates must attempt four questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). If a candidate answers more than four descriptive questions, only the first four will be considered.

     

    Interview:

    Applicants will be shortlisted for interviews based on the sum of their Phase-II marks (Paper-I + Paper-II + Paper-III). The Board shall determine the minimal aggregate cut-off marks for being shortlisted for an interview based on the number of vacancies. The interview will be worth 75 points.

    Before presenting for the interview, the candidate must pass a psychometric test conducted by the bank. There will be no scores awarded for this, and it will not be considered as part of the final selection criterion. The candidate has the option of having the interview in Hindi or English. The final selection will be made using a merit list created by aggregating the marks obtained by applicants in the Phase-II examination and interview, as well as any grace marks that may be available under current guidelines.

     

    RBI Officers Grade B (Dr)-DEPR:

    Paper Name Name of Tests Maximum Marks Duration
    Paper-I  Objective Type (on Economics) 100 120 minutes
    Paper-II 

    Descriptive Type (on Economics) 

    (Question paper displayed on a computer, answers to be written on paper)

    100 180 minutes
    Paper-III 

    English – Descriptive

    (To be typed with help of keyboard)

    100 90 minutes

     

    RBI Officers Grade B (Dr)-DISM:

    Paper Name Name of Tests Maximum Marks Duration
    Paper-I  Objective Type (on Statistics) 100 120 minutes
    Paper-II 

    Descriptive Type (on Statistics) 

    (Question paper displayed on a computer, answers to be written on paper)

    100 180 minutes
    Paper-III 

    English – Descriptive

    (To be typed with help of keyboard)

    100 90 minutes

    Important Note for RBI Officer Grade B (DEPR/DISM):

    • Candidates who get the required minimum aggregate marks in Paper-I will be shortlisted for Paper-II/ Paper-III of the examination based on their Paper-I results.

    • Paper-II 'Written Examination' question papers will be written in Hindi and English.

    • Paper-II (Economics / Statistics, as applicable) will be a descriptive type pen/paper examination with questions displayed on a computer screen.

     

    Interview

    The interview will be worth 75 points. The candidate has the option of having the interview in Hindi or English.

    Before presenting for the interview, the candidate must pass a psychometric test conducted by the bank. There will be no scores awarded for this, and it will not be considered as part of the final selection criterion. 

    Vacancy Details

    Details of the Posts:

    Followings are the likely posts that will be filled up through this Examination:

    Post Name GEN EWS OBC SC  ST Total
    Officer Grade B (General) 108 27 59 49 27 270
    Officer Grade B (DEPR) 13 02 06 05 03 29
    Officer Grade B (DSIM) 09 01 03 05 05 23

     

    Syllabus

    Syllabus For RBI Officers Grade B (General)

    Phase-I Examinations:

    (A) English Language

    Reading Comprehension

    Cloze Test

    Fill in the Blanks

    Sentence Rearrangement

    Jumbled Words/Sentences

    Error Spotting

    Sentence Framing

    Match the columns

    Vocabulary

    Grammar

    Tenses Rules

    Idioms & Phrases 

    (B) Quantitative Aptitude

    Ratio & Proportion

    Mensuration

    Percentage

    Average

    Speed, Time and Distance

    Time and Work

    Permutation and Combination

    Mixture and Alligation

    Data Interpretation

    Probability

    Simplification and Approximation

    Quadratic Equations

    Inequalities

    Number Series

    Upstream and Downstream

    Profit and Loss

    Simple and Compound Interest

    (C) Reasoning Ability

    Puzzles

    Seating Arrangement

    Inequalities

    Direction Test

    Blood Relation

    Syllogism

    Input-Output

    Data Sufficiency

    Reasoning Analogy

    Coding-Decoding

    Ranking

    Alphanumeric series

    (D) General Awareness

    Current Affairs

    Indian Financial System

    Indian Banking System

    Banking Awareness

    Banking History

    Monetary Plans

    Economic News

    Indian Culture

    Indian Constitution

    National and International Institutions

    Bank Terms & Abbreviations

    Government Schemes

    Banking Agreements

    Sports News

    Awards

    Books and Authors

    Static GK – National Parks, Sanctuaries, Dams, Currency, Stadiums, etc.

     

    Phase-II Examination:

    (A) Paper-I - Economic and Social Issues:

    (A-I) Growth and Development 

    Measurement of growth: National Income and per capita income

    Poverty Alleviation and Employment Generation in India

    Sustainable Development and Environmental issues.

    (A-II) Indian Economy 

    Economic History of India

    Changes in Industrial and Labour Policy

    Monetary and Fiscal Policy since reforms of 1991

    Priorities and recommendations of Economic Survey and Union Budget

    Indian Money and Financial Markets: Linkages with the economy

    Role of Indian banks and Reserve Bank in the development process

    Public Finance

    Political Economy

    Industrial Developments in India

    Indian Agriculture

    Services sector in India.

    (A-III) Globalization

    Opening up of the Indian Economy

    Balance of Payments, Export-Import Policy

    International Economic Institutions

    IMF and World Bank – WTO

    Regional Economic Cooperation

    International Economic Issues

    Social Structure in India

    Multiculturalism

    Demographic Trends

    Urbanisation and Migration

    Gender Issues

    Social Justice: Positive Discrimination in favour of the underprivileged

    Social Movements

    Indian Political System

    Human Development

    Social Sectors in India

    Health and Education

     

    (B) 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

     

    (C) Paper-III -Finance and Management: 

    (A-I) Finance 

    (A-I) Financial System

    Regulators of Banks and Financial Institutions

    Reserve Bank of India- functions and conduct of monetary policy

    Banking System in India – Structure and concerns

    Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc,

    Changing landscape of banking sector.

    (A-II) Financial Markets

    Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. 

    (A-III) General Topics

    Risk Management in Banking Sector

    Basics of Derivatives

    Global financial markets and International Banking – broad trends and latest developments.

    Financial Inclusion

    Alternate source of finance, private and social cost-benefit, Public-Private Partnership

    Corporate Governance in Banking Sector, role of e-governance in addressing issues of corruption and inefficiency in the government sector.

    The Union Budget – Concepts, approach and broad trends

    Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends; striking a balance between inflation and growth through monetary and fiscal policies.

    FinTech

    (B) Management: 

    (B-I) Fundamentals of Management & Organizational Behaviour:

    Introduction to management

    Evolution of management thought

    Management functions and Managerial roles;

    Meaning & concept of organizational behaviour

    Personality: meaning, factors affecting personality, Big five model of personality; concept of reinforcement

    Perception: concept, perceptual errors

    Motivation: Concept, importance, Content theories (Maslow’s need theory,

    Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two factor theory) & Process theories (Adams equity theory, Vrooms expectancy theory).

    Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership

    Emotional Intelligence: Concept, Importance, Dimensions.

    Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window

    Conflict: Concept, Sources

    (B-II) Ethics at the Workplace and Corporate Governance:

    Meaning of ethics, why ethical problems occur in business.

    Theories of ethics

    Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring

    Moral issues in business: Ethics in Compliance, Finance, Human

    Resources, Marketing, etc.

    Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.

    Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance

    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.

     

    Syllabus For RBI Officers Grade B (DEPR):

    (A) For Paper-I & II (On Economics)

    The standard of Economics papers would be that of any Central University in India's Master's Degree examination in Economics.

     

    (B) For Paper III (On English)

    The English paper will be designed in such a way as to assess writing skills as well as expressiveness and comprehension of the topic.

     

    Syllabus For RBI Officers Grade B (DISM):

    The Standard of papers would be that of Master's Degree examination of any Central University in India.

    (A) Paper-I (on Statistics)

    Probability

    Standard distribution

    Large and small sample theory

    Analysis of Variance

    Estimation

    Testing of Hypotheses

    Multivariate analysis and Stochastic Processes.

     

    (B) Paper-II (on Statistics)

    Probability and Sampling

    Linear Models and Economic Statistics

    Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test

    Stochastic Processes

    Multivariate analysis 

    Numerical Analysis and Basic

    Computer Techniques.

     

    (C) Paper-III (on English)

    The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

     

    Application Fee

    Fee Payable by Candidates for RBI Officer Grade B Exam:

    All Other Category’s: Rs. 850/-

    SC/ST/PWBD/ candidates : Rs.100/-

    *Staff candidates are exempted from payment of examination fee and intimation charges.*

     

    Mode of Payment:

    The payment can be made by using Debit Cards (RuPay/ Visa/ MasterCard/ Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets by providing information as asked on the screen. Bank Transaction charges for Online Payment of application fees/ intimation charges will have to be borne by the candidate.

     

    How to Apply

    The following is a step-by-step instruction to completing the RBI Grade B online application form:

    • Visit the RBI's official website, rbi.org.in.

    • At the top of the page, select the Opportunities area.

    • Click on the current vacancies section to open a new tab.

    • Select "RBI Officer Grade B Recruitment 2021" from the given link.

    • Now, select "Application Form" from the given link.

    • A new tab will appear, requesting your registration.

    • Select New Registration from the given link.

    • Complete the form with the right information from your official documents.

    • Save the file and then submit a scanned photo and signature image.

    • Before pressing the submit button, double-check all of your information.

    • Finally, pay the application cost that corresponds to your category.

    • Paying the application fee online with a debit/credit card, mobile wallet, or net banking.

    • Once the transaction has been completed successfully, an e-receipt will be generated.

    • Make an e-print of the receipt for future reference.

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