Vacancies in the Reserve Bank of India (RBI) are amongst the most popular jobs in the list of public sector jobs. Every year, RBI issues recruitment notifications for posts such as Assistant Officer and Grade B Officer. In the month of March, RBI released the recruitment notification for the Grade B Officer post; the selection process will kick-start with the objective-type examination.
The selection process of the RBI Grade B Officer exam consists of two phases and a personal interview. According to the official announcement, phase 1 will be an objective-type exam that consists of 200 marks. The duration of this screening round is two hours. Only candidates who clear phase 1 will be allowed to take the phase 2 exam. While coming to the final selection, only marks obtained in the phase 2 exam and interview will be considered.
Clearing phase 1 alone will not help you taste success. Phase 2 is tougher than the screening round. As phase 2 is expected to kick-start soon, in the month of July, we suggest aspirants prepare for both the phases at the same time. Here are the preparation tips that will help you prepare for the phase 2 exam.
RBI Grade B Officer Phase 2 Exam Pattern
|Paper-I||English (writing skills)||100||90 minutes|
|Paper-II||Economic and Social Issues||100||90 minutes|
|Paper-III||Optional Paper (Finance & Management/ Economics/ Statistics)||100 ||90 minutes|
|Total||300 ||4 hours 30 minutes|
Candidates have to take all the exams online and those who clear the phase 2 round will be called for an interview. The paper-I & II are compulsory papers. However, candidates can choose one amongst the finance & management, economics, statistics sections in paper-III.
Tips For English In RBI Grade B Officer
The English language in phase 2 generally tests the candidates on their writing and reading skills. Grammar and vocabulary are most required to tackle the English paper. The test-takers should be well versed in forming sentences and with the basics of grammar.
A lot of grammatical questions are expected. One should develop their reading and writing skills. The practise of writing essays will not only help you ace the English paper but will help you with the optional paper as well as the economic and social issues papers.
Tips For Economic And Social Issues In The RBI Grade B Officer Exam
Majority of the questions will be based societal norms, economics and general reforms. The basics of economics is required to understand every concept in the subject. A few questions will be asked on environmental issues also. The economic reforms in the industrial and labour policy, monetary and fiscal policy, privatisation and role of economic planning are very important.
Aspirants should focus more on the concepts after the globalisation, which means the opening up of the Indian economy. Make your own notes on the Union Budget, which will also help you during the interview. Never ignore the international economic institutions such as IMF and World Bank.
The questions in the general issues section will be based on the topics such as social movements, Indian political system health, education and social sectors. General knowledge is required to tackle these questions. Focus extensively on the general awareness paper while preparing for the phase 1 exam. The best way to tackle this paper is to keep yourself updated and maintain notes for the important information you come across everyday.
The best reference books are Indian Economy by Uma Kapila, Indian Economy by Mishra Puri, Growth and Development by Debraj Ray and Sociology by C.N. Shankar Rao. One should also refer magazines/bulletins/reports, such as Economic and Political Weekly, Yojana, Business India and RBI Bulletins. Never ignore reports such as World Development Report and Economic Survey of India.
Tips For Finance & Management/Economics/Statistics In The RBI Grade B Officer Exam
One can choose either finance and management, economics or statistics as their optional paper. Selecting amongst the optional papers is the toughest task for students. We suggest you opt for the subject which is close to you.
One should develop a basic idea about the respective subject. Try to make a separate study schedule for the optional paper and devote at least one or two hours everyday to study for the optional paper. Referring to online sources will be useful while addressing the trending issues.