India's central banking institution, Reserve Bank of India (RBI), releases a recruitment notification every year for the posts of Grade B Officer and Assistant. The bank that controls the monetary policy of the Indian currency releases the notification for Grade B Officers over 150 vacancies. The online examination will be conducted in August/September.
The recruitment notification from the country's apex banking institute, RBI, attracts all the job seekers including fresh graduates. Starting from the exam pattern to the syllabus, RBI Grade B Officer exam is completely different. There are many myths amongst aspirants that the exam is very tough to crack, specifically for beginners and/or freshers. Here is the important information freshers should know before they start preparing for the Grade B Officer exam.
RBI Grade B Officer Exam Pattern
The selection process of RBI Grade B Officer exam consists of two phases besides a personal interview. Both the phases will be conducted online. The duration of the exam will be 120 minutes. The screening round paper consists of four sections, namely, general awareness, English language, quantitative aptitude and reasoning. One has to secure minimum marks in every section to clear the examination.
Only candidates who clear phase 1 are eligible to take the phase 2 exam. While coming to the final selection, only marks obtained in the phase 2 exam and the interview will be considered. RBI has released the detailed syllabus for every paper in phase 2.
|Name of Paper||Type of Paper||Time (minutes)||Marks|
|Paper-I: Economic and Social Issues||Objective Type||90|
Know About Reserve Bank Of India (RBI)
It is very important to know about the Reserve Bank of India (RBI) prior to starting the preparation for the Grade B Officer exam. Getting familiar with the role and responsibilities of RBI not only helps you crack the online examination but also during the personality interview. Pay special attention to the key functions such as policy rates and reserve ratios.
Number Of Attempts
A fresher should know that there is a restriction on the number of attempts. If you are a serious aspirant, never waste the attempts. Candidates belonging to the general category have only six attempts to clear the phase 1 online examination. However, there is no such restriction on candidates belonging to SC/ST and OBC castes.
Understand The Syllabus Of Phases 1 & 2
The official notification has clearly provided the detailed syllabus for the phase 2 examination and provided the section names in phase 1. Aspirants have to tour the syllabus of the other competitive examinations such as SSC CGL and IBPS PO to know what exactly the section carries. Though the format of the questions will be different in the RBI Grade B Officer exam, one can consider the syllabus. The bank will provide the detailed information about the examination in an information handout, which will be released with the admission letter. Until then, explore the syllabus of phase 2 here.
Follow Trending Issues In Economy & Finance
If you are a fresher to the RBI examination, start your preparation with the basic concepts of RBI besides following the trending issues in economy and finance. Stay updated with the current affairs related to the banking, budget, economy, stock exchange and finance; this will acquaint you with the exam preparation. Also, read business and finance columns written by experts.
Make An Effective Study Schedule
To be honest, a fresher or a beginner should put extra efforts compared to senior aspirants to crack the RBI Grade B Officer examination. Hence, one should prepare an effective study schedule. If you are not from any finance background, acquaint yourself with financial terminology and basic concepts. Make a study schedule which should focus primarily on phase 1. Once you are confident about phase 1, you can draft a new plan to prepare for phase 2 because the screening round is tough in almost all the examinations because of the competition.