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RBI Officers Grade B Exam Preparation tips

Establishing a great opportunity and enormous career growth, Reserve Bank of India invites applications for the post of ‘Officers Grade B’ from eligible Indians and persons abroad. In this context notification has been released with a total of 134 vacancies, where 67 for Unreserved/General, 15 for SC, 13 for ST and 39 for OBCs in its various regional offices across the country.
Current Affirs

Those who are passionate about their career have a lot of scope to develop professionally as well as personally. Based on performance and career development one can reach the position of Deputy Governor in RBI and significant positions even in IMF, ADB, World Bank etc.

Surprising changes in 2015
Bringing significant measures this year in the scheme of written examination, eligibility, duration of the test, the number of attempts RBI declared a set of new guidelines for the post along with the notification.

Descriptive Test: Earlier the Phase-II consists of three papers i.e. English, Economics & Social Issues and Finance Management /Economics/Statistics are fully descriptive in nature. In the recent notification only the English Paper is limited to descriptive where as Paper II and III in the phase II are changed to Objective type test. This is a major change in 2015 notification and welcomed by the rivals.

Number of Attempts: Number of attempts rose to six from four for Unreserved/General category candidates in the recent notification. It means that one who had already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. However no such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them.

60% in 10th and 12th: In previous notifications irrespective of 10th and 12th standards, one needs to get minimum marks in graduation i.e. 60% marks (50% in case of SC/ST/PWD). As per the new scheme of the exam, apart from graduation one should get 60% even in 12th and 10th standard examinations.

Changes in Test Duration: Duration of the test for phase-I is decreased from 130 minutes to 120 minutes. As descriptive papers turned in to objective, the duration of the two papers in phase-II also decreased from 3 hours to 90 minutes.

Due to these changes the number of candidates appeared for the exam this time will definitely increase when compared to previous notifications. This will definitely leads to increase in cut-off marks also. Keeping it in mind aspirants should prepare strategically.

New Scheme of Examination:
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 consists tests of (i) General Awareness (ii) English Language (iii) Quantitative Aptitude and (iv) Reasoning, with composite time of 120 minutes.

S.No.

Section

No. of Questions

Max. marks

Duration

1

General Awareness

80

80

2 hours or 120 minutes

2

English Language

30

30

3

Quantitative Aptitude

30

30

4

Reasoning

60

60

Total

200

200


Note: Candidates have to secure minimum marks separately for each test as well as aggregate to qualify for phase-II.

There will be negative marking for every wrong answer. ¼ of marks will be deducted for every wrong answer.

(II) Phase-II online Examination: The Phase-II online Examination will consist of three papers as under:

S.No.

Name of the Paper

Type of Paper

Time (Minutes)

Marks

1

Paper-I: Economic and Social Issues

Objective Type

90

100

2

Paper II: English (Writing Skills)

(to be typed with the help of the keyboard)

Descriptive type

90

100

3

Paper-III: (Optional) Finance and Management or Economics or Statistics

Objective Type

90

100


Note: In Paper-III, candidates have to choose one of the three subjects at the time of online application.

Tips for Preparation
As all bank exams are same consisting of General Awareness, English Language, Quantitative Aptitude and Reasoning the preparation method is also same as well as benefit for those who competing other Bank exams. Preparation must follow a rigorous practice by understanding the basic concepts and formulae. The following are tips for preparation.

  1. Practice more and more. It develops the technique of analyzing a problem and finding the way to solve it.
  2. Touch all methods or models in all chapters at least once in your practice. Doing this enhances the ability to solve a problem.
  3. Practice more Previous and Model Papers. The repetition of the mistakes could be minimized by exercising this.
  4. Set time for practicing even a small chapter and compare the performance and time consumed.
  5. Focus on the areas which are taking the long time and try to reduce the time every time you practice on it.
  6. Don’t read or practice different subjects at a time. You may not understand the different kinds of content at a time.
  7. Plan for a systematic preparation and utilise all the time you have.
  8. Command on basic mathematical operations and formulas eases the preparation.
  9. For Current affairs and latest developments in the economy and banking related issues read daily news papers and make separate notes of important points.
  10. Rational thinking is the only way to establish a relationship between two elements in reasoning.
  11. Preparation with a group helps a lot as every member of that group has some stuff.
  12. Collect shortcut and easy methods for solving math problems.
  13. You can remember the figure and facts by reading the same content again and again.
  14. Collect the books and material which is up to the mark in standards.
  15. Preparation must be done in an application orientation. It means applying the theory in your content to your practical experiences.
  16. The difficulty level of the exam is almost equal to that of IBPS PO Exam, but we can expect high-level questions from Aptitude and reasoning.
  17. Most of the questions in General Awareness are expected from Central Budget, Economic Surveys and Policies of RBI. It is better to read more business and economic editorials in News papers.
  18. Following the Current trends in global and Indian Economy may help aspirants to score more. One should be fully focused on Economic related issues and developments in India.

Questions Appeared from…
In Paper II from Phase II, the questions may appear from Illiteracy, Poverty, Unemployment, Population Growth, Child Abuse, Child Labour and Violence against Women, Casteism, Communalism, Regionalism, Crime, Criminal, Criminology and Juvenile Delinquency, Alcoholism, Drug Abuse and Corruption.

For Detailed Social Issues Syllabus Click Here

In Statistics questions are appeared from Probability, Statistical Methods, Linear Models, Statistical, Multivariate Analysis, Optimisation Techniques and Statistical Quality Control, Sample Surveys and Design of Experiments, Applied Economic Statistics, Vital Statistics, Basic Computer Applications etc.

For Detailed Statistics Syllabus Click Here

For Finance Paper the questions may be asked from Finance, Financial System, Regulators of Banks and Financial Institutions, Reserve Bank of India, Banking System in India, Financial Institutions, Financial Markets, Risk Management in Banking Sector, Basics of Derivatives, Changing Landscape of Banking sector, Recent Developments in the Financial Sector, Financial Inclusion- use of technology, Public-Private Partnership, Corporate Governance in Banking Sector, The Union Budget, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM), Inflation, WPI, CPI - components and trends.

For Detailed Finance Syllabus Click Here

In Management section the questions appeared from Management, the Management Processes, Leadership, Human Resource Development, Communication, Role of Information Technology, Corporate Governance etc.

For Detailed Management Syllabus Click Here

In Economics, Microeconomics, Consumers behaviour, Markets, Macroeconomics, Consumption and Investment demand, International Economics, Public Economics, India’s Economy and Development Issues, Agriculture, Financial sector regulation and reforms are the topics from which the questions appeared.

For Detailed Economics Syllabus Click Here

RBI Grade B Officers Exam 2013 Phase-I Cut off Marks

Section

Max. Marks

General

OBC

SC

ST

PWD

General Awareness

80

36

32

30

30

30

English Language

30

14

12

11

11

11

Quantitative Aptitude

30

14

12

11

11

11

Reasoning

60

27

24

22

22

22

Total

200

126

113

106

96

96



RBI Grade B Officers Exam 2013 Phase-II Cut off Marks

Section

General

OBC

SC

ST

Aggregate Cut-off marks in Paper I, Paper II and Paper III taken together in Phase II written examination for short listing the candidates for Interview (out of Total 300 Marks)

173

158

152

152

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 number of vacancies notified under each category.

215

201

199

198



RBI Grade B Officers Exam 2014 Phase-I Cut off Marks

Section

Max. Marks

General

OBC

SC

ST

PWD

General Awareness

80

32

28

26

26

26

English Language

30

12

10

9

9

9

Quantitative Aptitude

30

12

10

9

9

9

Reasoning

60

24

21

19

19

19

Total

200

104

94

89

69

69



RBI Grade B Officers Exam 2014 Phase-II Cut off Marks

Section

General

OBC

SC

ST

Aggregate Cut-off marks in Paper I, Paper II and Paper III taken together in Phase II written examination for short listing the candidates for Interview (out of Total 300 Marks)

161

146

140

140

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 number of vacancies notified under each category.

208

202

193

192



Notification Details
Eligibility Criteria for (As on 1/10/2015)
(I) Educational Qualifications: A Minimum of 60% marks (50% in case of SC/ST/PWD) or equivalent in Bachelor’s Degree as well as in 12th and 10th standard examinations.
(II) Age: Between 21 and 30 years. For M. Phil and Ph. D candidates the upper age limit will be 32 and 34 years, respectively.
(III) Number of attempts: The maximum permissible number of attempts (which were applicable for candidates belonging to Unreserved/General Category) is 6.

Career Prospects:
(i) Pay Scale:
Selected Candidates will draw a starting basic pay of Rs.21,000/- p.m. in the scale of Rs.21000-1000-30000-EB-1000-32000-1100-36400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance, and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs.51,517/-.

(ii) Appointment and Transfers:
(i) Selected candidates will be initially posted in the Bank’s office within the Recruitment Zone for which they had applied.
(ii) The probation period is two years. At Bank’s discretion, the probationary period may be extended up to a maximum period of four years.
(iii) There are reasonable prospects for promotion to higher grades.
(iv) Selected candidates are liable to be posted and transferred anywhere in India.

Books and Reference Material
i). Objective Arithmetic by S.L. Gulati
ii). Numerical Aptitude for Banking by Dilshan Publications
iii). Data Interpretation and Sufficiency by Kiran Publications
iv). Quicker Maths by M.Thyra
v). Quantitative Aptitude by Arun Sharma
vi). Numerical Ability by S. Chand Publications
vii). Non Verbal Reasoning by Prabhat Javed
vii). Non Verbal Reasoning by Prabhat Javed
ix). Verbal Reasoning by R.S. Agarwal
x). English for Competitive Exams by Hari Mohan Prasad
xi). English for Competitive Exams by A.K. Kapoor
xii). Essential English Grammar, Intermediate English Grammar and Advanced English Grammar by Cambridge University Publications.
xiii). Verbal and Non Verbal Reasoning by B.S. Sijwali (Arihant Publications)
xiv). Marketing Management by Philip Kotler
xv). Marketing Management by Mithileshwar Jha, Kevin Keller and Abraham Koshy
xvi). Current Affairs: India Year Book, Manorama Year Book and any of two news papers either English or regional language and One standard current affairs magazine
xvii). General Knowledge: Any Standard GK Book like Malayala Manorama and websites like sakshieducation.com.

Books and Reference Material for Paper II

  1. NCERT books from 6 to 12th
  2. National Institute of Open Schooling Study materials
  3. Basics of Indian Economy
  4. India year book
  5. Indian Economy: Uma Kapila.(Series of Books)
  6. Indian Economy: Mishra Puri. (Latest Edition)
  7. Growth and Development: Devraj Ray
  8. Sociology: C.N. Shankar Rao


News Papers:

  1. Economic Times
  2. Hindu
  3. Business Standard


Weekly/Monthly Magazines/Bulletins /Reports:

  1. Economic and Political Weekly
  2. Southern Economist
  3. Yojana
  4. Business India
  5. RBI Bulletins


Reports:

  1. World Development Report
  2. Economic Survey of India

Note: Sakahieducation.com Updates Practice Tests and Grand Tests regularly which are very useful. It provides Solutions and explanations for all questions. Take free and paid online tests in the website and grab the great opportunity.
For Detailed Syllabus Click Here

Online Practice Tests for All Bank Exams Click here
Published on 10/12/2015 12:55:00 PM
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