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area fad ae Reserve Bank of India Derw Date Aug 19,2015 Revised process of recruitment of Officers in Grade (OR) Ithas been decided by the Reserve Bank of nda to introduce anew scheme of selection for recrutent of ofcers in Grade! (OR), ram recuitment year 2015, Under the new scheme of seecton te examination wl be computer based (Objective type wih Muliple Choice Queston pattern) and corsa f two phases, v2, Phase anc Phase flowed by Interview. While Phase! examination wil continue as per exstng Phases examination for Grade-B! (OR), Phase-t examination wil consist of tee papers of which wo willbe compulsory papers anc one optional paper. The compulsery papers are Papert on'Engls and Paper an Economic and Sociallssues!. The ‘opional Paper Paper wilhave options of subjects, wz, Finance & Management c'Esonomics or '‘Stabstis. In Phase ts paper on Ergls willbe descrptve ype and computor based, L9. 1 be typed on computor screen with he help of te keyboard. Prospecive candidates are acised that Phase ofthe examination wil be condicod win two to tee weeks of Phased ofthe examination. The new scheme a selections furished isthe Armex-A The Syllabi o lhe papers are furished in Arex, New Scheme of Seaction fr racrutment of fiers Grad (9 Examination wl consist of wo phasos, v2. -Phace-& Phaso- followed by Irtrvow, (W Phase examination willbe objective ype wih Multiple Cholce Questons (MCQs). The Phased examination wl continue a8 per the exsting Phase! exannaton for (Grade (OR), Thare are fourmodules in Phage, viz Cantal Anareness, Engl Language, Quantave Aptitude and Reasoning. (a Phase-I examination will ons of three papers in MCG pattern (except Paper) - viz. Papert on Enalih (ring sls): Papes Paper =(optonal subjecs) -Flnsnee & Management Econo Staistes, () Canaidares wil bo roqued to wrtoallthe papers online. (0) Onty successful candidtes of Phase.twil peas for Phase examinson ona tr date, l- Eeonomie & Social Issues anc (i) Based on the results of Phaso-I examinations candiates willbe shortso¢frintovow. (ui) Fira selection witbe though mets which wil be prepared by adeng marks secured by candidates in Phaseil (Papert + Paper+ Papel} and iteniew. ©. Duration of Examinations and Dstibuton of Marks (9 Phase: Objective Type -2 hours - 200 marks (i Phase Thee Papers - 300 marks ‘2. Paper ovtine-Eglst wring skis) 196 hours - 10 marks ', Paperll-Economie ard Seca isos - 1s hours 100 mavks €. Paporll- Optional Paper (Finance & Marageren Economics! Saisie) -1% hows = 100 make (G9 Interview: 50 marks The interview will earsinue in is existing forma . Educational Quattieation [Airman of 60% marks (50% in cage of SCIST/PWD) or euivalentin Bachelors Dog 1, Age Cita and Age Relaxation in upper age lint 25 wll a in 12th and 10h standard examinations (@ The present age eteria of Between 21 to 30 years wil be rotsinec (9 For. Phil and Ph D candies the upper age tnt wil be 32 2nd 24 years, especialy. (@ As por extant practice 2ge relaxation wil be available to experianced candidates viz candidates having experience as an officer in Commercial Bank! Financial Insituton in Public Sector as also candidates wah prior experienc in Reserve Bank of Ia, tothe extent of numberof yars of such exparence subject oa maximum of twee years, For such candles, upper age Kit should rol exceed 33 year ncluaing experience, For experince, probationary ead willl be reckoned (@) There ar relaxations in upper age lint as per statutry requirements and fr he staf [As pe erating practice cumulative age relaxtion wil ot be avalable in corsbination with any ams manoned a) & , Number of attempts “The maximum parmssble numberof attempts (hich were applicable fr candidates belonging to UnreservadiGenaral Catagory) hasbeen increased fom 4106. For dtaled information, candidates may careful read the detailed adverserent which wil be uploaded on RBI website atthe time of ecruitment process Arnex-B Syllabi 1. English (Weting Si): ‘The paper on English shalbe trad in a manner to assoss the wing skis including expression and undeestandng of the tpi 2, Beonomie and socal Issues: GGrouth anc Development - Measurement of growth: National Income snd per caps Income ~ Povety Aleviston and Employment Generation in Inds ~ Sustainable Development and Environmental issues. Economic Refoms in India Industal and Labour Poly - Monetary and Fiscal Poy -Prvaizaton - Roe o Econom Planing CGlobalzaten - Opening up of the Ineian Economy - Balance of Payments, Export-Import Poly - Itemational Economic Insttsions - IMF and World Bark - WTO ~ FRogioal Economie Cooperation, Social Stuctye in nda - Muicutuzalsm - Demegraphic Tends - Urbarization ard Migration -Gender Issues ~ Socal Justice : Posive Digeiminaton in fav of he under piled - Soci Movements Indian PoRical System - Human Development: Social Sectors in Inia, Heath and Eveston Suggested reference materia: Books: 1. nian Economy: Uma Kapila (Series of Books) 2. Intian Economy: Mishra Pur. (Latest Eaton) 3. Growth And Development Desa) Ray 4 Sodiology CN. Shankar Rao 1. Economic Times 2 Hinds WiooktyMonthly Magazines!Bulletine Reports 1. Economic and Poital Weekly 2. Southern Economist 4, Business Ia 5. RBI Buletine Reports: 1. Worls Development Repos 2. Beanomie Survey of lndia 83. Finance and Wanagement (@) Finance (2) Financial Systm 1. Rogiatrs of Sanks and inane Instutens 2. Reser Bark of nda uncions and conduct of monetary policy, Banking System in Inia, Financial Irsttutans-SIDBI, EXIM, NABARD, NHB, ct (©) Financial Markets Primary and Secondary Markets (Forex, Monty, Bond, Equly, le), ution, insturents recent developments (6) General Topics 1. isk Marsgementin Borking Sector Basics of Dervatves: Forward, Fuwes and Swap (Changing Landscape of ankeng sector ‘Aornato souco of nance, private and social cost-bonott, Pubte-Pivsto Partnership Corpo government sctr. ‘The Union Budget - Direct and hrect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST. Finance Commision, Fecal Peli, Fscal Responsibly and Budge: Management Act RBM), 8 Infation: Dotter, tends, estates, consequences, an remedies (cna) WPI, CPI components and tones 19 Governance in Banking Sectr. role of egoverrance in adressing the fsues of compton and inffconcy int a 5. Financial nluson- use of technology 6 7 a Suggested reference materia: 18 Anintoducion to Economies -AW Stoier and © C Hauge b, Monetary Theory nd Public Policy -Kerneth Kurhara Indian Ecoromy- Mishra and Put Irdian Economy-R. Dut and KPM Sundaram Economic Growth and Development - Mayer ard Baldwin Najor economic newspapers and Economic and Potical Weekly 1 Puble Finance -K K Andley and Sundarom 1h Financial Management Prasanna Chandra (@) Management Management is nature and scope; The Management Processes; Paring, Orgrisation, Stating, Directing and Ceriroling, The Role ofa Manager in an Organisation, Loadarship: The Tack of Loader Loacoreip Stes; Loadoreip Thole; A succosst Losdor versus an offacvo Loader Hurnan Resource Development Corcopt of HRD; Goals of HRO; Pestormance Appraisal - Potential sppraissl and davelosment ~ Feedback snd Pertormarce Counselling - Corer Planning ~ Tisinng ana Development Rewerds - Employee Welfare, Movaton, Morale and Incentives: Theol of Motivation; How Managers Maat; Concept of Meal, Factors termining ‘morale; Role of nents ln Buling up Morale. Communication: Stop in the Consmunicaton Process, Communiston Chena; Ora vrsus Writen Communication Veroal versus son-rebal Communicaton: upward, downward and lateral comirunieation; Barrie to Communication, Role of Information Technology. Corporate CGovernanes: Factors effacing Corporate Govemance: Machariams of Corporate Governance The questons on this section wil be basic in nature. 4, Economies (2) Merosconomics 1. Consumers behaviour ane fis value of resources ike and, labour and capital 2. Markets monopoly prec ard impariect competion 3. General Equilbrum of pce and setily,eeoramie welae ancl case for eguatry /peleynterventons (©) Macrosconomics 1. Measuring national income andi componeris; basic mace ides and idea of macro balance; Goods avd Financial Markot Equilibrium (IS-LM Framework) 2 Major macre-sceromic schoo of thoughts; Classical, Keynesian ard Monetaist ‘3 Consumption and investment demand; demand manage-nen pole arc thelr tlecveness 4 Money demand and supp; monetary andsal policies (6) International Economies 1. Benefit of Intemational wade; comparative and absolute advange; fect of Intemational ade on resources slacaton and (ster price equalisation; non oewentonal ade Baits, opbmum cuancy areas and tec of customs ron 2. Intemational france and exchange rats ise in an open econo, Bones ard cotts of an irtrconnectod franca markets; evoltion of ilematonal tharca sontoctur (6) Public Economies 1. Publ Goods, instruments of francin, goverment tax and nondax ovens 2. Direct and Indirect ates, etclency costs of commadiy taxes, income akan abou supply anc saving, compra takstion end corporate behaviour 3. Government experstsr poliy-various components, dei arcing and ts impact onthe economy, goverment éebt and cowing out of private capital (c) India's Economy ané Dovolopment Issues 1. India’s experimentaons with planned development models andthe outcomes, structural issues-savngs and investment, demography, urbenizaton, productivity, ote, issues with poverty inequalty an employmant 2. ‘Aayicutue- poly and developments, mancfacuing competitiveness; What Is holing Ida back, Fol of puble sectar erexpies In the Key economic sectors, India's ellen service sector trade taurtam, communication, TES, st, 3 Financial sector regulon and coforms-bankng, insurance and capital marke, fecal poly and the changing prottios of government, emergence of monetary Poy ang ite new re Suggested reference materia: | Microsconomics, Student Value Eston (8th eon) by Robert Pincyck, Darel Rubinold 1 lntermedisto Microeconomics :A modem Approach (8th econ) by Hal R Varian Macrooconomics (2011) by Rutiges Dombusch, Stanley Fisher, Richard Starz Macroeconomics by N. Gregory Mankiw, (Seventh Exton), © Iterations Economics (2018) by Dominick Salvatoce {International Economics (2011) by Paul Krugman and Maures Obsfld & Intemational Fnsnee and Open Economy Macroecenomies (1998) by Frans L. Rivers Bai, Luis A. Rivers Biz Public Finance in Thoory end Practice (1989) by Richard Abel Musgrave ard Peggy B. Nuegrave 1. The Conese Oxford Companion to Economics in la, Edited by Kaushik Basu & Arnetnie Ma |. dian Economy since Independence (2012) ected by Uma Kapila dian Economy: Perrmance and Polis (2015) ected by Uma Kapil | raia Doveloomont Report (2018) etd by S, Mahendra Dav 5. Statics: (1) Probabity: Random vanisbles, Theorems of probably, Conditional probebiy, Indapendact eveots, Bayes! theorem and is soplicaten, expectation, momen,

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