RBI Grade B Exam 2023: Notification, Dates, Syllabus, Exam Pattern, and Preparation Tips
RBI Grade B Exam 2023: Notification, Dates, Syllabus, Exam Pattern, and Preparation Tips
The Reserve Bank of India (RBI) Grade B Exam is a highly competitive exam conducted to recruit eligible candidates for the post of Grade B Officers in the Reserve Bank of India. This exam is known for its rigorous selection process and offers a prestigious career in the Indian banking sector.
Overview of the RBI Grade B Exam
| Exam Name | RBI Grade B Exam |
|---|---|
| Conducting Authority | Reserve Bank of India |
| Frequency | Annual |
| Exam Level | National |
| Mode of Exam | Online |
| Official Website | www.rbi.org.in |
RBI Grade B Latest Notification
| Event | Date |
|---|---|
| RBI Grade B Notification | 26th April 2023 (Short) |
| RBI Grade B Detailed Notification | 9th May 2023 (Detailed) |
| RBI Grade B Apply Online 2023 Starts | 09th May 2023 |
| Last date to submit the online application form | 09th June 2023 (6.00 PM) |
| RBI Admit Card for Phase-I Exam | 09th June 2023 (6.00 PM) |
| Officers in Gr B (DR)- General Phase-I – Online Examination | 09th July 2023 |
| Officers in Gr B (DR)- Phase-II – Paper I, II & III Online Examination | 30th July 2023 |
| Officers in Gr B (DR) – DEPR- Phase I – Paper – I – Online Examination | 16th July 2023 |
| Officers in Gr B (DR)- DEPR- Phase-II – Paper I, II & III Online Examination | 02nd September 2023 |
| Officers in Gr B (DR)- DSIM- Phase I – Paper – I – Online Examination | 16th July 2023 |
| Officers in Gr B (DR)- DSIM- Phase I – Paper – II & III – Online Examination | 19th August 2023 |
| RBI Grade B Final Result 2023 | To be notified |
How to apply for RBI Grade B Exam
- Visit the official RBI website (www.rbi.org.in)
- Click on the ‘Opportunities@RBI’ section
- Click on ‘Current Vacancies’ and select ‘Vacancies’
- Find the RBI Grade B Exam notification and click on ‘Apply Online’
- Register and complete the application form
- Upload required documents and pay the application fee
- Submit the application form and take a printout for future reference
RBI Grade B Exam Application Fee
The application fee for the RBI Grade B Exam varies based on the candidate’s category:
| Category | Application Fee |
|---|---|
| General/OBC | Rs. 850/- |
| SC/ST/PwBD | Rs. 100/- |
RBI Grade B Vacancy
| Post Name | Vacancy |
|---|---|
| Officers in Grade ‘B’ (DR)–(General) | 222 |
| Officers in Grade ‘B’ (DR)–DEPR | 38 |
| Officers in Grade ‘B’ (DR)–DSIM | 31 |
| Total | 291 |
Detailed Eligibility Criteria
Educational Qualification
Candidates must have a minimum of 60% marks (50% for SC/ST/PwBD) in Bachelor’s Degree, 12th, and 10th standard examinations.
RBI Grade B Selection Process
Phase I: Preliminary Examination
| Sr. No. | Subject | No. of Questions | Marks | Duration |
|---|---|---|---|---|
| 1. | General Awareness | 80 | 80 | 120 minutes (Composite Time) |
| 2. | Quantitative Aptitude | 30 | 30 | |
| 3. | English Language | 30 | 30 | |
| 4. | Reasoning Ability | 60 | 60 |
Total Marks: 200
Candidates have to secure minimum qualifying marks in each section and also the overall cutoff marks to be eligible for Phase II. The marks obtained in Phase I will not be considered for final selection.
Phase II: Main Examination
| Paper | Type | Subject | Marks | Duration |
|---|---|---|---|---|
| Paper I | Objective | Economic and Social Issues | 100 | 90 minutes |
| Paper II | Descriptive | English (Writing Skills) | 100 | 90 minutes |
| Paper III | Objective | Finance and Management | 100 | 90 minutes |
Total Marks: 300
Candidates who clear Phase I are eligible for Phase II. The marks obtained in Phase II will be considered for final selection. Candidates have to secure minimum qualifying marks in each paper of Phase II and also the overall cutoff marks.
Phase III: Interview
Candidates who qualify in Phase II will be shortlisted for the interview process. The interview carries 75 marks. Candidates have to secure minimum qualifying marks in the interview and also the overall cutoff marks.
Final Selection
The final merit list will be prepared based on the marks obtained in Phase II (Main Examination) and Phase III (Interview). The candidates will be selected according to their ranking in the merit list and the number of vacancies.
RBI Grade B Syllabus
Phase I Syllabus
| Section | Topics |
|---|---|
| Quantitative Aptitude | Simplification, Number Series, Data Interpretation, Quadratic Equations, Data Sufficiency, Time & Work, Time, Speed & Distance, Mensuration, Geometry, Simple & Compound Interest, Profit & Loss, Ratio & Proportion, Averages, Mixtures & Alligations, Probability, Permutation & Combination |
| Reasoning Ability | Seating Arrangement, Puzzles, Inequality, Syllogism, Input-Output, Data Sufficiency, Coding-Decoding, Blood Relations, Direction Sense, Order & Ranking, Alphabet Test, Machine Input, Logical Reasoning |
| English Language | Reading Comprehension, Cloze Test, Para Jumbles, Sentence Improvement, Spotting Errors, Fill in the Blanks, Sentence Completion, Vocabulary (Synonyms, Antonyms, etc.), Sentence Rearrangement |
| General Awareness | Current Affairs, Banking Awareness, Static General Knowledge, Economic & Social Issues, Financial Awareness |
Phase II Syllabus
| Paper | Section | Topics |
|---|---|---|
| I | Economic & Social Issues | Growth & Development, Economic Reforms, Globalization, Social Structure, Poverty Alleviation, Employment Generation, Sustainable Development, Demographic Trends, Urbanization, Migration, Gender Issues, Social Justice, Positive Discrimination, Human Development, Health & Education, Indian Economy: Performance & Policies, Economic Survey, Union Budget, Inflation, Agricultural & Industrial Policy |
| II | English Language | Essay Writing, Précis Writing, Comprehension, Business/Office Correspondence |
| III | Finance & Management | Financial System, Financial Markets, Risk Management, Basics of Derivatives, Development in the Financial Sector, Union Budget, Inflation, Corporate Governance, Management: Nature & Scope, Management Functions, Leadership, Human Resource Development, Motivation, Communication, Corporate Social Responsibility, Ethics in Business, Information Technology in Management |
RBI Grade B Exam Pattern
Phase I Exam Pattern
| Section | No. of Questions | Marks | Duration |
|---|---|---|---|
| General Awareness | 80 | 80 | 25 minutes |
| Quantitative Aptitude | 30 | 30 | 20 minutes |
| English Language | 30 | 30 | 25 minutes |
| Reasoning Ability | 60 | 60 | 45 minutes |
Phase II Exam Pattern
| Section | Type | Marks | Duration |
|---|---|---|---|
| Economic and Social Issues | Objective | 100 | 90 minutes |
| English Language (Writing Skills) | Descriptive | 100 | 90 minutes |
| Finance and Management | Objective | 100 | 90 minutes |
Important Points
- Phase I is an elimination round; only successful candidates proceed to Phase II
- There is negative marking of 1/4th marks for each incorrect answer in both Phase I and Phase II exams
- Candidates must secure minimum qualifying marks in each section of Phase I and Phase II exams
- The final merit list is based on the candidate’s performance in Phase II and Phase III
RBI Grade B Language of Examination
The RBI Grade B Exam is conducted in English and Hindi languages, except for the English Language section in both Phase I and Phase II, which is only in English.
RBI Grade B Salary, pay-scale
| Component | Amount |
|---|---|
| Basic Pay | Rs. 35,150/- |
| Dearness Allowance (DA) | 17% of Basic Pay |
| House Rent Allowance (HRA) | Depends on Posting Location (9%, 8% or 7%) |
| City Compensatory Allowance (CCA) | 4% or 3% or 0% of Basic Pay (depending on posting location) |
| Grade Allowance | Rs. 2250/- per month |
| Gross Monthly Emoluments | Rs. 83,000/- (approx.) |
RBI Grade B Expected Cut off [for all rounds]
Expected cut-offs for the RBI Grade B Exam 2023 will be available once the exam is conducted. Previous years’ cut-offs can provide a rough idea of the minimum qualifying marks.
RBI Grade B Preparation Tips
- Understand the syllabus and exam pattern thoroughly
- Create a study plan covering all topics
- Practice mock tests and analyze your performance
- Focus on time management and accuracy
- Revise regularly and stay updated with current affairs
RBI Grade B Best books
Some of the best books for RBI Grade B Exam preparation are:
Economic & Social Issues (ESI)
- Indian Economy – Ramesh Singh
- Indian Economy – Uma Kapila
- Indian Economy: Performance & Policies – Uma Kapila
- Economic Survey – Ministry of Finance (latest edition)
- India Year Book (latest edition)
- Social Problems in India – Ram Ahuja
Finance & Management (FM)
- Indian Financial System – Bharti V. Pathak
- Financial Management – I.M. Pandey
- Principles of Management – P.C. Tripathi & P.N. Reddy
- Organizational Behavior – Stephen P. Robbins & Timothy A. Judge
- Human Resource Management – K. Aswathappa
Quantitative Aptitude
- Quantitative Aptitude for Competitive Examinations – R.S. Aggarwal
- Fast Track Objective Arithmetic – Rajesh Verma
- Data Interpretation & Logical Reasoning – Arun Sharma
Reasoning Ability
- A Modern Approach to Verbal & Non-Verbal Reasoning – R.S. Aggarwal
- Analytical Reasoning – M.K. Pandey
- Logical Reasoning and Data Interpretation for the CAT – Nishit K. Sinha
English Language
- Objective English – S.P. Bakshi
- High School English Grammar & Composition – Wren & Martin
- Word Power Made Easy – Norman Lewis
- Objective General English – R.S. Aggarwal
- 30 Days to a More Powerful Vocabulary – Wilfred Funk & Norman Lewis
General Awareness
- Manorama Yearbook (latest edition)
- Lucent’s General Knowledge (latest edition)
- Pratiyogita Darpan (monthly magazine)
In addition to these books, regularly read newspapers like The Economic Times, The Hindu Business Line, and The Business Standard. Magazines like Yojana and Kurukshetra can also help you gain insights into economic and social issues. Practice mock tests and previous year question papers to get a better understanding of the exam pattern and to improve your time management skills.
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