RBI Grade B Officer Exam at a Glance

As we all know RBI grade B officer Exam Notification Out, students have lot of queries regarding exam pattern, syllabus previous cutoffs etc. so in this post we will discuss all one by one. Working with RBI is a dream of every banking aspirants. RBI is the apex Bank of India, which provide handsome package and growth opportunities.


Important dates for RBI grade B officer recruitment 2015
You all can apply online from 5th October 2015 to 23rd October 2015.
Phase 1 Exam - November 21st and 22nd, 2015
Phase 2 Exam - December 7, 2015

 Vacancies
Unreserved i.e., General (GEN/UR)- 67
Scheduled Castes (SC)-15
Scheduled Tribes (ST) 13
Other Backward Classes (OBC)-39
Total-134

# Candidates belonging to OBC category but coming in the 'Creamy Layer' are not entitled to OBC reservation. They should indicate their category as 'General (GEN)’.
* Out of 134 vacancies mentioned above, 04 vacancies are reserved for candidates belonging to Persons with Disability (PWD) category – one vacancy each for Visually Handicapped (VH), Orthopedically Handicapped (OH), and two vacancies for Hearing Impaired (HI). Persons with Disability may belong to any category - GEN/SC/ST/OBC.

SCHEME OF SELECTION: 
Selection will be through ON-LINE Examinations and interview. Examinations will be held in two phases as described in following paragraphs.
(I) Phase-I online Examination (Objective Type) : This Paper for 200 marks will be held on November 21/22, 2015.
Total Time- 2 hours

There are four modules in Phase-I, viz.- General Awareness, English Language, Quantitative Aptitude and Reasoning.

 1. General Awareness (80 questions) – Banking + Economics + Financial Awareness + Current Affairs

 2. English Language(30 Questions) – Reading Comprehension, Jumbled Sentences, Fill in the Blanks, Error Spotting, Cloze Test

3. Quantitative Aptitude(30 Questions) – Arithmetic + Data Interpretation.

4. Reasoning  (Verbal)(60 Questions) - Syllogism + Data Sufficiency + Miscellaneous + Seating Arrangement/ Puzzle Test + Input Output +Logical Reasoning

(II) Phase-II online Examination: The Phase-II online Examination will be conducted on December 7, 2015, only for the candidates who are shortlisted on the basis of results of Phase-I. 


NOTE: In Paper-III, candidates have to choose one of the three subjects at the time of online application. All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

(III) Interview: Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

SYLLABI (Phase-II)
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/ Economics/Statistics:

(A) Finance and Management :
(i) Finance
(a) Financial System
Regulators of Banks and Financial Institutions
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
Risk Management in Banking Sector
Basics of Derivatives: Forward, Futures and Swap
Changing Landscape of Banking sector
Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
Financial Inclusion- use of technology
Alternate source of finance, private and social cost-benefit, Public-Private Partnership
Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
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),
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.

 Management:
Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. 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 Counselling – 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.
The questions on this section will be basic in nature.

(B) Economics

(a) Microeconomics
Consumers behaviour and firms; value of resources like land, labour and capital
Markets-monopoly, perfect and imperfect competition
General Equilibrium of price and activity, economic welfare and case for regulatory / policy interventions

(b) Macroeconomics
Measuring national income and its components; basic macro identities and idea of macro-balance; Goods and Financial Market Equilibrium (IS-LM Framework)
Major macro-economic school of thoughts; Classical, Keynesian and Monetarist
Consumption and Investment demand; demand management policies and their effectiveness
Money demand and supply; monetary and fiscal policies
(c) International Economics
Benefit of International trade; comparative and absolute advantage; effect of International trade on resources allocation and factor price equalisation; non-conventional trade barriers, optimum currency areas and effect of customs union
International finance and exchange rates issues in an open economy, benefits and costs of an inter-connected financial markets; evolution of international financial architecture
(d) Public Economics
Public Goods, instruments of financing, government tax and non-tax revenue
Direct and Indirect taxes, efficiency costs of commodity taxes, income taxation, labour supply and savings, corporate taxation and corporate behaviour
Government expenditure policy-various components, deficit financing and its impact on the economy, government debt and crowding out of private capital
(e) India’s Economy and Development Issues
India’s experimentations with planned development models and the outcomes, structural issues-savings and investment, demography, urbanization, productivity, etc., issues with poverty, inequality and employment
Agriculture- policy and developments, manufacturing competitiveness; what is holding India back, role of public sector enterprises in the key economic sectors, India’s resilient service sector; trade, tourism, communication, ITES, etc.
Financial sector regulation and reforms-banking, insurance and capital market, fiscal policy and the changing priorities of government, emergence of monetary policy and its new role

(C) Statistics:
(1) Probability: Random variables, Theorems of probability, Conditional probability, Independent events, Bayes' theorem and its application, expectation, moments, distribution functions, Binomial, Poisson, Geometric, Exponential, Negative binomial, Hyper geometric, Cauchy, Laplace, Logistic, Pareto, Log-normal, Beta and Gamma distributions, Weibull, Uniform, Bivariate normal distribution and truncated distributions, Markov’s inequality, Chebyshev’s inequality, Cauchy-Schwarz inequality, Laws of large numbers, Central limit theorems and applications.
(2) Statistical Methods: Population and sample, Measures of central tendencies Parameter and Statistic, Correlation and Regression, intra-class correlation, multiple and partial correlations, Spearman's coefficient of rank correlation, Z, chi-square, t and F statistics and their properties and applications, Large sample distributions, Variance stabilizing transformations, sin inverse, square root, logarithmic and z transformation.
(3) Linear Models: General Linear models, BLUE, method of least squares, Gauss-Markoff theorem, estimation of error variance, Simple and Multiple linear regression models, Important assumptions and treatments in case of assumption’s violation, Regression diagnostics, Analysis of variance in one, two and three-way classifications, Analysis of Covariance in one and two-way classifications.
(4) Statistical Inference: Properties of estimators, MVUE, Rao-Blackwell and Lehmann-Scheffe theorems, Cramer-Rao inequality, methods of estimation, properties of maximum likelihood and other estimators, confidence intervals. Simple and composite hypotheses, Type I and Type II errors, size and power of a test, Most Powerful and Uniformly Most Powerful tests, Neyman-Pearson lemma, Likelihood Ratio test and its properties and applications. SPRT, OC and ASN functions, Tests of goodness of fit. Parametric vs. Non-parametric Test, Frequently-used non-parametric inferential statistical methods.
(5) Multivariate Analysis: Bivariate and Multivariate normal distribution, marginal and conditional distribution, Estimation of mean vector and covariance matrix, Asymptotic properties of estimators, Sampling distribution of  and S, Mahalanobis D2 and Hotelling's T2 and its applications.
(6) Optimisation Techniques and Statistical Quality Control: Linear Programming, Transportation Problem, Assignment Problem, Basics of Simulation, Quality control, Process Control and Product Control, control charts, Acceptance Sampling plan, single and double sampling plans (ASN, OC, ATI, LTPD, AOQL).
(7) Sample Surveys and Design of Experiments: Simple and Stratified random sampling, ratio and regression methods of estimation, Double sampling, Systematic, Cluster, two stage and PPS sampling. Sampling and Non-sampling errors. Principles of Design of Experiments, Completely Randomized Design, Randomized Block Design, Latin Square Design, missing plot technique, 22 and 23 factorial designs, Split-Plot Design and Balanced Incomplete Block Design, Fractional factorial experiments
(8) Applied Economic Statistics: Time Series vs. cross sectional data, Multiplicative and additive models, Auto-correlation, Partial autocorrelation, Smoothing techniques, Seasonal and cyclical adjustment. Price and Quantity Index numbers, Types of index numbers and their properties. Chain and Fixed base index numbers, Cost of Living Index numbers, Wholesale Price Index, Consumer Price Index, Index of Industrial Production, Gini’s coefficient, Lorenz curves, Application of Pareto and Lognormal as income distributions.
(9) Vital Statistics: Sources of vital statistics compilation, Errors in census and registration data, Measurement of population, rate and ratio of vital events, Stationary and Stable population, Life Tables, Measures of Fertility, Mortality and Reproduction, Crude rates of natural growth, Pearl’s Vital Index.
(10) Numerical Analysis: Principles of floating point computations and rounding errors, Linear Equations factorization methods, pivoting and scaling, residual error correction method, Iterative methods, Jacobi, Gauss-Seidel methods, Newton and Newton like methods, unconstrained optimization, Lagrange interpolation techniques, Cubic Splines, Error estimates, Polynomials and least squares approximation; Integration by interpolation, adaptive quadratures and Gauss methods.
(11) Basic Computer Applications: Functional organization of computers, algorithms, basic programming concepts, Program testing and debugging, Subprograms and Subroutines, Sorting/searching methods, Database Management Systems, Software Engineering, Basic of Networking, Internet Technologies, Web and HTML, Distributed systems, Programming using C, MINITAB and FORTRAN.

Cutoffs of 2014
Phase-I Cutoff Marks


Phase-II Cutoff Marks


How to Prepare for RBI Grade B ExamPhase-I
1. Give special attention to current affairs section as 80 questions comes from this section. It help in clearing Phase-I Exam. Topics covered in Phase -I- Banking + Economics + Financial Awareness + Current Affairs
For preparation of this section read our current affairs quiz and Current Affair booster of last 5 months.

2. Practice Reasoning on daily basis specially puzzle as 15-20 marks puzzle comes in exam. so practice high level puzzles also like square puzzle,seating arrangement, building puzzle, puzzle on blood relation extra.

3. For English section focus on comprehension, cloze test and fill in the blanks and read newspaper daily specially articles related with Banking and finace and economy.

4. For Quantitative section practice Arithmetic + Data Interpretation.

Hope these Tips help you in cracking RBI grade B officer Exam.. All the best.

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