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RBI GRADE B COACHING IN CHANDIGARH
Vedanta Institute is providing RBI Grade B Coaching in Chandigarh. RBI Grade B officer Exam`s main responsibility is to keep inflation in check, to ensure smooth circulation of currency issued by R.B.I. ,maintain smooth functioning of the economy and designing various guidelines for Public Sector Banks and other Banks to follow. We also providing an online test series for RBI Grade B officers exam too.
Recently, RBI has revised the process of recruitment of Officers in Grade B. The bank has decided that in Phase-II of the online examination, the Paper-III will consist of only one subject i.e Finance and Management. Whereas, the other optional subjects ‘Economics’ and ‘Statistics’ have been withdrawn. It is from last year, RBI has introduced Computer Based Test comprising of Objective Type Multiple Choice Questions and in two phases-I and II. However, there is a slight change this year in Phase-II while the other criteria and scheme remain the same. Check below:
- The examination will consist of two phases, viz. – Phase-I & Phase-II followed by an interview.
- Phase-I examination will be objective type with Multiple Choice Questions (MCQs) of 200 marks. There are four modules under this phase.
- Phase-II examinations will consist of three papers in MCQ pattern (except Paper-I) – viz. Paper-I on English (writing skills); Paper-II – Economic & Social Issues and Paper-III – (optional subjects) – Finance & Management.
- Candidates will be required to write all the papers online.
- Only successful candidates of Phase-I will appear for Phase-II examination on a later date.
- Based on the results of Phase-II examinations candidates will be shortlisted for interview.
- Final selection will be through merit lists which will be prepared by adding marks secured by candidates in Phase-II (Paper-I + Paper-II + Paper-III) and Interview.
- There is also a provision for negative marking.
RBI Grade B Prelims Study Material
Get Comprehensive Study Material for Prelims Exam at just ₹4000 only.
RBI Grade B Mains Study Material
Get Comprehensive Study Material for Mains Exam at just ₹8000 only.
RBI Grade B Combo (Pre + Mains) Study Material
Get Comprehensive Study Material (Pre + Mains) Exam at just ₹9600.
RBI GRADE B EXAM PATTERN PRELIMS
| Sr No. | Section | No. of Questions | Max Marks | Duration |
|---|---|---|---|---|
| 1. | General Awareness | 80 | 80 | 25 mins |
| 2. | Quantitative Aptitude | 30 | 30 | 25 mins |
| 3. | English Language | 30 | 30 | 25 mins |
| 4. | Reasoning | 60 | 60 | 45 mins |
| Total | 200 | 200 | 120 Mins | |
RBI GRADE B EXAM PATTERN MAINS
| Sr No. | Sections / Subjects | Paper Type | Max Marks | Duration |
|---|---|---|---|---|
| 1. | Paper I: Economics and Social Issues |
50% Objective Type, 50% Descriptive (to be typed with the help of the keyboard) |
50 50 Total-100 |
30 90 Total-120 |
| 2. | Paper II: English (Writing Skills) |
Descriptive (3 questions) | 100 | 90 mins |
| 3. | Paper III: Finance and Management |
50% Objective Type 50% Descriptive |
50 50 Total-100 |
30 90 Total-120 |
RBI GRADE B SYLLABUS PRELIMS
| English | Numerical Ability | Reasoning Ability | Current Affairs |
|---|---|---|---|
| Comprehension | Time and Distance | Blood Relations | National News |
| Synonyms & antonyms |
Time and Work | Analogy | International News |
| Subject Verb Agreement |
HCF and LCM | Odd Man Out | Appointments |
| Spelling correction | Simple and Compound Interest |
Coding and Decoding |
Obituary |
| Cloze Test | Problems on Trains | Directions Based Concept |
Ranks & Reports |
| One-word substitution |
Averages | Row Arrangements |
Govt. Schemes |
| Sentence Rearrangement |
Probability | Symbols | International Organisation |
| Sentence Completion | Allegations and Mixtures |
Statement Reading, Understanding |
Committee |
| Tenses | Permutation and Combination |
Ranking | Important Dates |
| Direct & Indirect Speech |
Pipes& Cistern | Decision Making | Award & Honour |
| Phrases | Mensuration | Input & Output | Static G.K |
| Active & Passive Voice |
Percentage | Puzzles | Sports |
| Quadratic Equation | Data Sufficiency | Resignations | |
| Partnership | Inequality | Books & Authors | |
| Data Interpretation | Statement and Conclusion | Economic Terms & Abbreviation |
|
| Number Series | Statement and Assumptions |
Banking Awareness | |
| Simplification | Statement and Arguments | ||
| Approximation | Course of Action | ||
| Ratio & Proportions | Cause & Effect | ||
| Profit & Loss | |||
| Ages |
RBI GRADE B SYLLABUS MAINS
| Subject | Syllabus |
|---|---|
| Paper 1- Economic & Social Issues |
1. Growth and Development *Measurement of growth- National Income and per capita income *Poverty Alleviation and Employment Generation in India *Sustainable Development *Environmental issues 2. 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 3. 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 4. 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 |
| Paper 2- English | To analyse the writing skills of the candidates including expression and understanding of the topic |
| Paper 3 (a) Finance | 1. 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. *Impact of the Global Financial Crisis of 2007-08 and the Indian response 2. Financial Markets *Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. 3. 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 |
| Paper 3 (b)- Management | 1. Fundamentals of Management & Organizational Behaviour *Introduction to management *Evolution of management thought *Scientific, Administrative, Human Relations *Systems approach to management *Management functions and Managerial roles *Nudge theory *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, Types, Management of Conflict *Organizational Change: Concept, Kurt Lewin Theory of Change *Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model). 2. Ethics at the Workplace and Corporate Governance *Meaning of ethics, why ethical problems occur in the 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 *An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory *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 |
ELIGIBILITY CRITERIA OF RBI GRADE B OFFICER AS OF 2022
The parameters of RBI Grade B Officer 2022 were explained below clearly:
1.Nationality:
A candidate must be an Indian citizen
or a citizen of Nepal
or a subject of Bhutan
or a Tibetan refugee (who came to India before 1 January 1962)
or a person of Indian origin who migrated from Myanmar and Sri Lanka to permanently settle in India.
Age Limit:
The candidates as on 01/07/2022 should have been between 21 and 30 years (candidates must have been born not earlier than 02/07/1987 and not later than 01/07/1996).
For candidates possessing M.Phil. and Ph.D. qualification, upper age limit was 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 was relaxed to the extent of the number of completed years of such experience subject to a maximum of three years.
For such candidates, upper age limit should not have exceeded 33 years including experience. For experience, probationary period will not be reckoned.
RBI Grade B Officers Exam 2016 Eligibility – Age Relaxation in Upper Age Limit
5 years for SC/ST if posts are duly reserved for this category.
10 years for PwD (General), 13 years for PwD (OBC) and 15 years for PwD (SC/ST) candidates.
5 years for Ex-employees of banking institutions whose services were terminated due to reasons of economy or as of bank liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange.
5 years for Emergency Commissioned Officers/Short Service Commissioned Officers who completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment.
3 years for OBC if posts are duly reserved for this category.
5 years for Candidates who were domiciled in Kashmir Division of the State of Jammu and Kashmir.
5 years for Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) if they have rendered at least five years continuous Military Service and released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than dismissal or discharge for misconduct/inefficiency/physical disability.
Educational Qualification :
As on 01/07/2022, the candidates should have secured 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 (or Diploma or equivalent) and 10th standard examinations.
The minimum qualifying percentage or an equivalent grade for the Bachelor’s Degree will be in aggregate for all semesters / years.
RBI Grade B Officer Eligibility Criteria 2022 – Conversion Parameters
In case the University/Institute does not convert marks to grade, the following parameters would be employed.
Experience :
As per the RBI Grade B Officers 2022 Eligibility Criteria, upper age relaxation is applied to candidates with experience as an officer in any Commercial Bank/Financial Institution in Public Sector. Their upper age limit must not exceed 33 years which includes the work experience.
Number of Attempts as per RBI Grade B Eligibility Criteria 2022
Candidates belonging to unreserved i.e. General Category, who had already appeared 6 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.
AREAS ONE ONE MAY GET TO WORK IN AS GRADE B OFFICER IN RBI
Monetary Authority The Reserve Bank of India constantly works towards keeping inflation under check and ensuring adequate supply of liquidity for the productive sector as also towards financial stability.
Supervisor of the Financial System Prescribes regulations for sound functioning of banks and financial institutions, including non-banking finance companies – Promotes best practices in risk management and corporate governance to protect depositors’ interest and to enhance public confidence in the financial system of the country – Encourages use of technology in banks to provide cost-effective service to consumers.
Issuer of Currency Ensures good quality coins and currency notes in adequate quantity – Mops up notes and coins unfit for circulation – Advises the Government on designing of currency notes with the latest security features.
Manager of Foreign Exchange Formulates policies to facilitate external trade and payments, facilitates foreign investments in India and Indian investments abroad and promotes orderly development of foreign exchange markets.
Banker to the Government Maintains accounts of central and state governments. Performs merchant banking function for the central and the state governments – Encourages development and orderly functioning of Government securities market – Advises central and state governments in better cash management.
Payment Systems Work towards stablishment of modern, robust, efficient, secure and integrated payment and settlement system for the country.
Bankers’ Bank Ensures adequate liquidity in the financial system and in individual banks, on a daily basis – Performs lender of the last resort function.
Developmental Role Performs a wide range of functions to support national objectives such as ensuring orderly growth and development of financial markets and institutions, creating institutions to serve specialised financial needs and extending the organised financial sector to all parts of the economy.
Under Research Serves as the primary source of information on Indian economy and financial system – Analyses the issues and problems affecting the Indian economy – Renders advice for policy formulation and shaping monetary, banking and financial policies – Prepares the Bank’s publications – Warehouses data to enable decision-making
1.Nationality:
A candidate must be an Indian citizen
or a citizen of Nepal
or a subject of Bhutan
or a Tibetan refugee (who came to India before 1 January 1962)
or a person of Indian origin who migrated from Myanmar and Sri Lanka to permanently settle in India.
Age Limit:
The candidates as on 01/07/2022 should have been between 21 and 30 years (candidates must have been born not earlier than 02/07/1987 and not later than 01/07/1996).
For candidates possessing M.Phil. and Ph.D. qualification, upper age limit was 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 was relaxed to the extent of the number of completed years of such experience subject to a maximum of three years.
For such candidates, upper age limit should not have exceeded 33 years including experience. For experience, probationary period will not be reckoned.
RBI Grade B Officers Exam 2016 Eligibility – Age Relaxation in Upper Age Limit
5 years for SC/ST if posts are duly reserved for this category.
10 years for PwD (General), 13 years for PwD (OBC) and 15 years for PwD (SC/ST) candidates.
5 years for Ex-employees of banking institutions whose services were terminated due to reasons of economy or as of bank liquidation and personnel retrenched from Government Offices after at least one year’s service and currently registered with Employment Exchange.
5 years for Emergency Commissioned Officers/Short Service Commissioned Officers who completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment.
3 years for OBC if posts are duly reserved for this category.
5 years for Candidates who were domiciled in Kashmir Division of the State of Jammu and Kashmir.
5 years for Ex-servicemen (including Emergency Commissioned Officers/Short Service Commissioned Officers) if they have rendered at least five years continuous Military Service and released on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than dismissal or discharge for misconduct/inefficiency/physical disability.
Educational Qualification :
As on 01/07/2022, the candidates should have secured 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 (or Diploma or equivalent) and 10th standard examinations.
The minimum qualifying percentage or an equivalent grade for the Bachelor’s Degree will be in aggregate for all semesters / years.
RBI Grade B Officer Eligibility Criteria 2022 – Conversion Parameters
In case the University/Institute does not convert marks to grade, the following parameters would be employed.
Experience :
As per the RBI Grade B Officers 2022 Eligibility Criteria, upper age relaxation is applied to candidates with experience as an officer in any Commercial Bank/Financial Institution in Public Sector. Their upper age limit must not exceed 33 years which includes the work experience.
Number of Attempts as per RBI Grade B Eligibility Criteria 2022
Candidates belonging to unreserved i.e. General Category, who had already appeared 6 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.
AREAS ONE ONE MAY GET TO WORK IN AS GRADE B OFFICER IN RBI
Monetary Authority The Reserve Bank of India constantly works towards keeping inflation under check and ensuring adequate supply of liquidity for the productive sector as also towards financial stability.
Supervisor of the Financial System Prescribes regulations for sound functioning of banks and financial institutions, including non-banking finance companies – Promotes best practices in risk management and corporate governance to protect depositors’ interest and to enhance public confidence in the financial system of the country – Encourages use of technology in banks to provide cost-effective service to consumers.
Issuer of Currency Ensures good quality coins and currency notes in adequate quantity – Mops up notes and coins unfit for circulation – Advises the Government on designing of currency notes with the latest security features.
Manager of Foreign Exchange Formulates policies to facilitate external trade and payments, facilitates foreign investments in India and Indian investments abroad and promotes orderly development of foreign exchange markets.
Banker to the Government Maintains accounts of central and state governments. Performs merchant banking function for the central and the state governments – Encourages development and orderly functioning of Government securities market – Advises central and state governments in better cash management.
Payment Systems Work towards stablishment of modern, robust, efficient, secure and integrated payment and settlement system for the country.
Bankers’ Bank Ensures adequate liquidity in the financial system and in individual banks, on a daily basis – Performs lender of the last resort function.
Developmental Role Performs a wide range of functions to support national objectives such as ensuring orderly growth and development of financial markets and institutions, creating institutions to serve specialised financial needs and extending the organised financial sector to all parts of the economy.
Under Research Serves as the primary source of information on Indian economy and financial system – Analyses the issues and problems affecting the Indian economy – Renders advice for policy formulation and shaping monetary, banking and financial policies – Prepares the Bank’s publications – Warehouses data to enable decision-making