How to Crack RBI Grade B Exam? Exam Pattern, Syllabus, Reference Books

The RBI Grade B Exam: What to read

The Reserve Bank of India is the central bank of India and one of the most influential Central Banks in the world. It also happens to be the best paymaster in the country. Lakhs of candidates try to enter in this prestigious organization though the RBI Grade B Examination. This year, the RBI Grade B Exam will be conducted on the 21st and 22nd of November.


Not just large number but some of the best aspirants make this examination the toughest in the industry. People who are not familiar with the exam pattern are usually in a fix with regard to where to begin with their preparation. The answer may seem obvious to many, but not so obvious to many others.

To start with, one should go through the syllabus thoroughly. Later one should read the reference material suggested below. That's how one would come to know approach for the exam, strengths and weaknesses, and how to score most in given time period.

Following are the suggested readings for each section

RBI Grade B Phase I

1. General Awareness:

This section will possess 80 questions.

Suggested Books:

  • NCERT economics
  • CST/ Pratiyogita Darpan/ Chronicle
  • Newspapers: Economic Times/ The Hindu

2. Reasoning:

Reasoning will take up most of your time and will eat up into the time you have allotted for other sections. Therefore, speed is paramount for this section.

Suggested Books:

  • Verbal and Non Verbal Reasoning R. S. Agarwal
  • Previous year question papers of Bank PO

3. English Language:

The verbal section of the examination is especially important, as it is considered difficult by most people. Thirty questions are asked in the section.

Suggested Books:

  • NCERT books on English
  • Newspapers.

4. Quantitative Aptitude/Math:

30 questions are asked in this section.

Suggested Books:

  • R. S. Agarwal
  • Arun Agarwal

RBI Grade B Phase II

Paper-I - Economic and social Issues:


1. Indian Economy: Uma Kapila.(Series of Books)

2. Indian Economy: Mishra Puri. (Latest Edition)

3. Growth And Development: Devraj Ray

4. Sociology: C.N. Shankar Rao


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


1. World Development Report

2. Economic Survey of India

Paper-II -English (Writing Skills): Descriptive paper

Paper-III -Finance and Management/ Economics/Statistics: Anyone out of the three

(A) Finance and Management:

Suggested reference material:

a. An introduction to Economics - A W Stonier and D C Hauge

b. Monetary Theory and Public Policy - Kenneth Kurihara

c. Indian Economy - Mishra and Puri

d. Indian Economy - R. Dutt and KPM Sundaram

(B) Economics

Suggested reference material:

a. Microeconomics, Student Value Edition (8th edition) by Robert Pindyck, Daniel Rubinfeld

b. Intermediate Microeconomics : A modern Approach(8th edition) by Hal R. Varian

c. Macroeconomics(2011) by Rudiger Dornbusch, Stanley Fisher, Richard Starz

d. Macroeconomics by N. Gregory Mankiw, (Seventh Edition),

e. International Economics (2013) by Domimick Salvatore

f. International Economics(2011) by Paul Krugman and Maurics Obstfeld

(C) Statistics:

Suggested reference material:

1. Atkinson, K.E. (1989): An Introduction to Numerical Analysis, Wiley.

2. Bhat, B.R. (2007): Modern Probability Theory, New Age International.

3. Cochran, William G. (1977): Sampling Techniques. John Wiley and Sons, New York

4. Das, M.N. and N.C.Giri (1986): Design and Analysis of Experiments. Wiley Eastern Ltd.

5. Draper, N.R. and H.Smith (1998): Applied Regression Analysis, John Wiley & Sons.

6. Goon, A.M., M.K.Gupta and B.Dasgupta (2001): Fundamentals of Statistics. (2 Vols.), World Press, Kolkata.

7. Gibbons, J.D. & S.Chakrabarti (2007): Non parametric Statistical Inference, Chapman and Hall.

8. Gupta, S.C. and V.K.Kapoor (2007): Fundamentals of Mathematical Statistics, Sultan Chand and Sons.

9. Gupta, S.C. and V.K.Kapoor (2008): Fundamentals of Applied Statistics, Sultan Chand and Sons.

10. Hollander Myles and Douglas A.Wolfe (2006): Non Parametric Statistical method, Wiley.

11. Kshirsagar, A.M. (1983): A Course in Linear Models Marcel Dekker, New York.

This information is essential for any individual preparing for the RBI Grade B Exam. It would be generally advisable to practice daily, read the news daily and keep oneself up-to-date with general knowledge.

The article is written by Samhita Atrey, Education Consultant at, a Bengaluru based online test preparation company for government/PSU jobs.

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