RESERVE BANK OF INDIA

RECRUITMENT- GRADE B
JANUARY 8, 2012 RIJU BAFNA 17 COMMENTS

This entry has been written by a selected RBI candidate.
Career with Reserve Bank of India
Reserve Bank of India recruits Officers in Grade ‘B’ (General) and the number
of vacancies usually range from 70 to 80 for each panel year. The candidate
must be between 21 and 30 years (subject to relaxation for certain
categories) and must have the requisite educational qualifications (First Class
Bachelor’s degree/ Second Class Masters degree etc.)
The selection is usually through Written
Examinations and Interview. Written Examination isconducted in two
phases—Objective (Phase I) and Subjective (Phase II). The subjective
exam is conducted 3-4 months after the objective exam for the candidates
qualifying in the objective test.
The Objective Stage or Phase I of WE
Objective Paper is of 3 hours duration for 200 marks. The objective test or
Phase I act as a filtering mechanism. The candidate is subjected to a
predictable test similar to a MBA entrance or Bank PO exams. The question
paper is divided in four sections—1) General Awareness, 2) Reasoning,
3) English and 4) Quantitative aptitude. Candidates have to secure
minimum marks separately for each section. The number of candidates
taking the exam is usually between 1, 50,000 to 2, 00,000.
The objective exam is not difficult and a candidate with average aptitude for
such a general test will be able to clear it. There are certain points that
distinguish RBI’s objective test from other similar exams:1. General Awareness and Reasoning occupy the pride of place in the exam
and have greater number of questions and weightage compared to
Quantitative aptitude and English.
2. A candidate is not allowed to move to the other sections unless the time
allowed for a particular section has lapsed. So, if General Awareness has

It is usually the time factor that counts the most in reasoning section. 3. but only just. It is also useful to supplement it with a business daily (Business Standard. anyone which you feel is the best for you. It has been observed that general awareness section is dominated with current issues and economy based questions. The Subjective Stage or Phase II of WE . there are certain tips that are useful for this stage of examination. Tips for Success in Phase I Though there is no fixed method to succeed in what is essentially an aptitude test. Financial Express etc. those who have not been in the race of a government job or a MBA seat might need to treat this section with caution. Business Line. it can easily reach around 110 marks (for general category) out of total 200 marks. The sectional cut-off is usually low but the overall cut off for selection to phase II of written examination is often high. however. The result of this stage is usually declared within one month of the examination. the candidate will not be allowed to access the questions of some other section (say. RS Agarwal’s Verbal and non-Verbal Reasoning is an exhaustive book and can be relied upon to ensure good results. English portion is usually the easiest and does not require any particular preparation.been allotted 45 minutes and 60 questions. It is the second most important section after General Awareness and can make or mar a candidate’s prospect. can be relied upon. There are number of books available for Quantitative Aptitude for entrance examination. even if he or she has attempted all the 60 questions. English) unless 45 minutes are over.) The candidates with certain distaste for mathematics might need to push themselves. The time tested strategy for preparing is the regular reading of a good national daily (The Hindu is usually a favorite). Same could be said about level of reasoning questions. RBI DOES NOT expect you to be a human calculator and the questions are of a reasonable standard and with some practice even those who have not been on talking terms with numbers for years will do just fine.

Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatisation – Role of Economic Planning. Comprehension. Thus related topics even though not specifically mentioned should be part of the preparation. Health and Education. Capital Market. Exchange Rate Management.This stage consists of three papers: Paper I – English Paper II – Economic and Social Issues and Paper III – Finance and Management. Outlays. Business/Office Correspondence. Functions of the Money Market. Financial Sector Reforms. New Measures. Stock Exchanges and their Regulation. Role of Banks and Financial . Globalization – Opening up of the Indian Economy – Balance of Payments. Capital Market Intermediaries and their Regulation. RBI provides an indicative syllabus with the clarification that it is by no means exhaustive. Précis writing. From FERA to FEMA. Growth and Operation of the Money Market. Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation. Exchange Risk Management. Each of these papers is of 3 hours duration carrying 100 marks. Syllabus for Phase II: Paper I – English Essay. Money Market and Foreign Exchange Market. Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice : Positive Discrimination in favour of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India. Paper II – 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. Non-tax sources of revenue. The Foreign Exchange Market. Role of SEBI. Paper III – Finance and Management: Finance : The Union Budget – Direct and Indirect taxes.

Regulation of Banks and Financial Institutions. Leadership: The Tasks of a Leader. Communication: Steps in the Communication Process. Barriers to Communication. Planning Organisation. Please see the information provided by RBI for the 2010 panel year examination to appreciate the importance of Phase II: Aggregate cut – off marks in paper I. Motivation. Factors determining morale. II & III taken together in phase II written examination for shortlisting the candidates for interview (out of total 300 marks). How Managers Motivate. The interview is just for 50 marks while the written test is for 300 marks. . then you will require an exceptional performance in interview and lot of luck to make it to final list of selected candidates.Institutions in Economic Development. Leadership Styles. Corporate Governance: Factors affecting Corporate Governance. Leadership Theories. The Management Processes. Morale and Incentives: Theories of Motivation. Importance of Good Performance in Phase II for Final Selection If you want a career with RBI. Verbal versus non-verbal Communication. Candidates with very good scores in written and very poor performance in interview have made it to the final selection list but the reverse—great scores in interview and poor marks in written has often lead to heartbreak. Mechanisms of Corporate Governance. Role of Information Technology. A poor performance here will end your progress to interview stage and even if you are somehow able to barely clear the cut off with low scores. Human Resource Development: Concept of HRD. Management: Management: its nature and scope. Oral versus Written Communication. downward and lateral communication. A successful Leader versus an effective Leader. The Role of a Manager in an Organisation. Disinvestment in Public Sector Units. you have to do very well in this stage. Goals of HRD. Performance Appraisal – Potential appraisal and development – Feedback and Performance Counseling – Career Planning – Training and Development – Rewards – Employee Welfare. failure and anguish. Concept of Morale. Role of Incentives in Building up Morale. upward. Directing and Controlling. Communication Channels. Staffing. There is no cut-off in the interview and thus a very good score in written stage insures you against a mediocre or poor interview.

171(Gen) 156(OBC) 150(SC) 150(ST) Aggregate marks in phase II Written examination and Interview taken together (out of total 350 marks) obtained by the last recommended candidate under the respective category with reference to the no. Candidates who do not regularly appear for such subjective examinations or have undergone degrees that do not require them to write essay type answers in examination are advised to devote some time to honing their written composition skills as part of their preparation. a useful platform to share information and interact with fellow aspirants. Uma Kapila’s Indian Economic development since Independence (latest edition) 3. it requires some effort and focused preparation. coherence in presentation and lucidity of the language of the answer matters a lot. For Paper I: No special preparation required. There is no short cut for this stage and with the exception of Paper I (English). when there is not much to distinguish between answers of candidates. Last 2-3 Years Economic Survey. 1. Dutt and Sundaram’s Indian Economy (latest edition) 2. Ultimately. 199(Gen) 181(OBC) 181(SC) 178(ST) Tips for Selection Phase II: The previous examination question papers for this stage are available on the Internet and have been shared by the candidates on social networking website Orkut in a community named ‘Reserve Bank of India Grade B Exam2009’ and ‘Reserve Bank of India Grade B Exam-2010’. Of vacancies notified under each category. Government of India . For Paper II: Economic and Social Issues For Economic Related Topics: The following material is extremely useful to cover most of the syllabus for this paper.

A start can be made by going through the Finance section of India Year Book by Publication Division. The candidate should start with the FAQs section on the website of these two regulators. Some of the social issues are also addressed in the economic books suggested above. Report on Currency and Finance by RBI. also cover some important topics in this section. which focuses on current issues and topics of Group Discussion can be useful. Regular reading of editorial sections of good newspapers is a must as this paper usually has questions based on current issues.. For Paper III: Finance Portion: This is perhaps the trickiest part of the syllabus. the best way to cover the topics in this section is searching through the reports available on RBI or SEBI’s website. The candidate is given the choice to attempt any 5 out of 9 or 10 questions (economic and social issues combined). Reading a good monthly competitive exam magazine like Pratyogita Darpan etc. Ministry of I&B. For Social Issues: This is a very broad area and there is no particular book which can be prescribed. gender disparity etc. reservation. environment. Further. The questions are general is nature like corruption. The candidate usually has to attempt 3 questions out of 5. Yet. The module VI of Company Secretary Executive exam by ICSI on Securities Laws is also a very useful resource. The best resource for this section is the websites of RBI and SEBI. it is helpful if one understands the regulatory and administrative framework for financial regulation in India. Management Portion: . The questions can range from unexpected (like write an essay on regulation of stock exchanges) to mundane (what do you understand by credit ratings).The questions are of essay type and familiarity with recent developments and relevant statistics shall be an advantage. Class XI and XII books of Sociology of NCERT are good background text for preparation. Since the questions are essentially on regulatory finance.

Remain confident even if you have to face some unexpected questions. etc. Tips for Interview: RBI’s panel has traditionally been parsimonious when it comes to awarding marks in interview. it best to quote from the RBI’s advertisement: “SERVICE CONDITIONS / CAREER PROSPECTS: . Usually the entire process extends to 11-12 months (from the date of recruitment advertisement to final results of the interview). However. not made) and with some background reading even a non-management background candidate will be able to articulate his views. Organizational Behavior: Stephen P. For questions related to salary and prospects. Principles of Management – Koontz and O’Donnell 2. if you are not comfortable with Economics and Financial terminology (Like CRR. Interview is essentially a personality test as the knowledge has already been tested at written stage. The following books are established classics and can be relied upon to crack this portion easily.Robbins The results for this stage are declared within 2 months of the examination. The candidate usually has to attempt 2 questions out of 4. No special preparation is required except reading newspapers to be in touch of current issues. Banking terms related questions and being asked to comment on recent relevant financial developments is highly probable. NPA. But.) then skimming through the Indian Economy Pratiyogita Darpan Extra Issue Series will be a good investment. SLR. It is advisable for the candidate to refer only to the standard texts as there is plethora of management books. the questions are usually very open ended (like comment on Great Leaders are born. The interviews are conducted over a period of 6-8 weeks in different cities. The results are declared in 7-10 days of last interview.This portion initially disheartens some of non-management background candidates and appears a spoiler. interview is conducted in a very cordial manner and the questions are related to the candidate’s background. High scores are an aberration as even the successful candidates don’t score much above 30. But. 1.

m. etc. The Board/Bank will not entertain any request received after the interview.a.21000-1000-30000-EB-1000-32000-1100-36400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance. reimbursement of expenses for maintenance of vehicle for official purpose. Education. Leave Fare Concession (once in two years for self. consider granting up to four advance increments. The posts also carry benefits of Provident Fund.21. House Rent Allowance.38. at its sole discretion. Pension and Gratuity. Local allowance. The number of maximum increments will be 4. At present. Such information may be furnished in the Bio-data form in the appropriate column.000/.p. initial monthly Gross emoluments to direct recruit Grade B Officers are approximately Rs. book grant. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. telephone charges. spouse and eligible dependents). etc. Car. (approx. Personal Computer. NOTE: For candidates possessing very high academic or professional qualification/ experience of significant value to the Bank. Loans and Advances at concessional rates of interest for Housing. Interest free festival advance.00 lakhs p. at the sole discretion. Family Allowance as per rules in force from time to time. Consumer Articles. Total pay and allowances along with admissible perquisites attached to the post considering market value of housing in Mumbai work out at the minimum of Rs10.” . newspaper.853/-. (ii) Perquisites: Bank’s accommodation subject to availability. will consider requests for higher emoluments on account of higher qualification/special experience of value to the Bank at the interview stage only.(i) Pay Scale: Selected Candidates will draw a starting basic pay of Rs. The Board. as per eligibility.) on a cost to the Bank basis. allowance for furnishing of residence. the Bank may. in the scale of Rs.