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About RBI Grade B

Reserve Bank of India (RBI) conducts RBI Grade B Officer Exam to select eligible candidates for the position of Grade B officer in its various branches all across the country. RBI Grade B is one of the most coveted job profile in the Banking Sector.As Reserve Bank of India offers an excellent pay scale and reputed job profile, it decoys thousands of candidates every year to take this examination. With a handful of vacancy to be filled through RBI Grade B Exam, it is really important to prepare effectively for this exam.

RBI is the central bank of the country and the numerous perquisites offered by RBI Grade B post apart from the reputed job, makes it the most sought-after job among students in large number. Reserve Bank of India releases the notification for Grade B exam every year. Vacancies in this year 2018 are as follows:

  • Officers in Grade ‘B’ (DR) – (General)
  • Officers in Grade ‘B’ (DR) – DEPR
  • Officers in Grade ‘B’ (DR) – DSIM

RBI Grade B Job Profile

One will be on probation for 2 years which can be extended to 4 years based on his/her performance.

After training is over, candidate may be allotted to different departments. This is purely random, people with hard-core finance experience may be given HRD and vice versa. Some of the departments that may be allotted are Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD etc. The work profiles vary from department to department. However, one will be transferred from one department to another after some time.

Some of the Grade B officers will also be involved in planning and policy decisions. The RBI is a regulator and there are multitudes of opportunities and work. One thing is sure, the job is not monotonous.

RBI Grade B Exam Pattern

RBI Grade B 2018 Exam is conducted in three phases:

  • Phase-I exam
  • Phase-II exam and
  • Interview process

Candidates are required to clear all the three phases in order to get a confirmed post as a Grade B Officer in Reserve Bank of India.

RBI Grade B Exam Pattern Prelims

Serial Number Section Asked No. of Questions Maximum Marks Duration
1. General Awareness 80 80 Composite time of 2 hours
2. Quantitative Aptitude 30 30
3. English Language 30 30
4. Reasoning 60 60
Total 200 200

RBI Grade B Exam Pattern Mains

Serial Number Section Asked Paper Type Maximum Marks Duration
1. Economics and Social Issues Objective 100 90 minutes
2. Paper II English (Writing Skills) Descriptive (to be typed with the help of keyboard) 100 90 minutes
3. Paper III Finance & Management Objective Type 100 90 minutes

RBI Grade B Officer Interview Process

Candidates will be shortlisted for the interview, based on aggregate marks obtained in Paper-I, Paper-II and Paper-III of Phase II exam. Interview Process will carry 50 marks.

RBI Grade B Exam Syllabus

The syllabus of RBI Grade B 2018 exam is just like the other Bank Exams. The major sections from which the questions are asked are:

  • Reasoning
  • Quantitative Aptitude
  • General Awareness and
  • English Language

RBI Grade B Preliminary Exam syllabus:

The preliminary examination of RBI Grade B exam will comprise of Reasoning Ability, Quantitative Aptitude, English Language and General Awareness. Here is the detailed syllabus:

Reasoning Quantitative Ability English Language General Awareness
Logical Reasoning Simplification Reading Comprehension Current Affairs
Alphanumeric Series Profit & Loss Cloze Test Indian Financial Systems
Ranking/Direction/Alphabet Test Mixtures &Alligations Para jumbles Indian Banking Systems
Data Sufficiency Simple Interest & Compound Interest & Surds & Indices Miscellaneous Monetary Plans
Coded Inequalities Work & Time Fill in the blanks National Institutions
Seating Arrangement Time & Distance Multiple Meaning /Error Spotting Banking Terms
Puzzle Mensuration – Cylinder, Cone, Sphere Paragraph Completion
Tabulation Data Interpretation
Syllogism Ratio & Proportion, Percentage
Blood Relations Number Systems
Input Output Sequence & Series
Coding Decoding Permutation, Combination &Probability

RBI Grade B Mains syllabus:

The Mains Examination of RBI Grade B exam  will constitute of 3 sections: Economic & Social Issues, Finance and Management. The complete syllabus is discussed below:

Subject Syllabus
Economic & Social Issues Growth and Development
Economic Reforms in India
Social Structure in India
Finance Financial System
Financial Markets
Risk Management
Basics of Derivatives
Development in Financial Sector
Union Budget
Management Role of Manager
Human Resource Development
Motivation, Morale and Incentives
Corporate Governance

Besides the preliminary exam and the mains exam, an interview process is also conducted for candidates who qualify the first two phases of RBI Grade B exam.

The final merit list is made on the basis of marks obtained by a candidate in his/ her mains exam and interview process.