Crack Grade B 1

Sections to be studied from RBI Grade B Phase 2 Course:

 Finance (focus more on important circulars of regulatory bodies)
 Management & Ethics
 Schemes
 RBI/SEBI/NABARD circulars 6 months
 PIB current affairs of 5 months (given under Most important content for Phase 2)
 Report/budget/ES
 New topics of syllabus
 Descriptive Model Q & A-1
 Descriptive Model Q & A-2
 Most important MCQs tab
 Most important content for Phase 2
 English Descriptive
 PIB MCQs under Current Affairs tab
 ESI (Least focus as maximum objective questions from PIB, schemes, reports, circulars)
 Finance MCQs
 Management MCQs
 ESI MCQs

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 Crack Grade B
Topic
Measurement of growth: National
Income and per capita income
Poverty Alleviation and
Employment Generation in India
Sustainable Development and
Environmental issues
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2
Study Plan for RBI Grade B Phase 2
Sub – Topic To be studied
GDP, GNP, NDP, NNP, GDP at Constant Price, GDP at Market Price, NSO, GDP figures by
NSO, The Product or Value-Added Method, Expenditure Method, Income Method, GDP
Deflator, National Statistical Commission
GDP estimates by NSO
Poverty, unemployment definitions, Poverty estimation committees, Relevant Schemes of
MoRD, MOSDE
Multidimensional Poverty Index
Global hunger Index
unemployment data
United Nations Development Programme (UNDP) Sustainable Development Goals (SDGs),
Paris Agreement, International Solar Alliance, Ministry of Environment, Forest and
Climate Change (MoEFCC), NAPCC: National Action Plan on Climate Change (NAPCC),
National Adaptation Fund on Climate Change (NAFCC), NGT, India’s Target for SDGs,
Paris Agreement, UN Climate Change Conference in Glasgow (COP26), next COP
SDG index by NITI Aayog and
SDG report of UPDP
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Economic History of India – Planning Commission, Types of planning, Mahalanobis, Gadgil formula plan, NITI Aayog,
Changes in Industrial and Labour Industry policy 1991, Developments on Industry 4.0: New industrial policy, The
Policy, Monetary and Fiscal Policy Department for Promotion of Industry and Internal Trade (DPIIT), Highlights of New
since reforms of 1991 – Labour codes, EPFO, ESIC, Mo L&E

Fiscal Policy & monetary policy

NITI Aayog latest Reports, FTA and other trade agreements

Priorities and recommendations of Economic Survey and Union Budget

Economic Survey and Union
Budget

Indian Money and Financial Similar to Finance topics

Markets: Linkages with the
economy – Role of Indian banks
and Reserve Bank in the
development process

Public Finance – Political Economy 15th Finance Commission, GST, Direct Tax, FRBM, Fiscal Policy, Loan waiver,
– Industrial Developments in India-
Indian Agriculture – Services sector GDP Growth of Manufacturing sector, Agriculture sector and Service sector,
in India Various govt. Schemes

Opening up of the Indian Economy Liberlisation, Privatisation and Globalisation, Export Import data, FDI data, BoP
– Balance of Payments, Export- Concepts, FTP 2023
Import Policy

International Economic Headquarter, head of institution, NDB

Institutions – IMF and World Bank
– WTO – Regional Economic Co- Reports of UNESCO, UNICEF, UN, WEF, WHO with focus on India

GDP reports by IMF, WB, OECD, ADB, UN, UNCTAD with focus on India

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 Crack Grade B 4
operation; International Economic Report of WTO with focus on India.
Issues
RCEP

Current economical issues at global level

Multiculturalism – Demographic SECC 2011, Migration related current data if any

Trends, Urbanization and
Migration

Gender Issues Schemes & Initiatives related to Women, Children, reports if any related to Women and
children related issues

Gender inequality index – UNDP

Social Justice: Positive SC, ST, Minorities, OBC related issues, schemes
Discrimination in favour of the
under privileged

Human Development HDI

Important Reports List of Important reports compilation from course

Current affairs PIB of Last 5 months

RBI circulars and all regulatory (RBI, SEBI, NABARD, NITI AYOG) news of 6 months

Reports of IMF, WB, WHO, WTO, UNESCO, UNICEF, UN and its Organs, WEF to be
studied from report section and

news only related to IMF, WB, WHO, WTO, UNESCO, UNICEF, UN and its Organs, WEF
from ESI + Finance NEWS Pdf

Schemes List of important schemes shared to be covered

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Topic
Structure and Functions of
Financial Institutions
Reserve Bank of India- functions
and conduct of monetary policy
Banking System in India –
Structure and concerns, Financial
Institutions – SIDBI, EXIM Bank,
NABARD, NHB, etc., Changing
landscape of banking sector
Recent Developments in Global
Financial System and its impact on
Indian Financial System
Role of Information Technology in
Banking and Finance
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Crack Grade B 5
Finance
Sub Topic
RBI, SEBI, NABARD, NABFID SIDBI, NHB, PFRDA, EXIM, IRDAI, ECGC, CIBIL, CRA, etc, headquarter, chairman,
function of institutions, Subsidiaries
Structure of Monetary policy and RBI’s function i.e. OMO. MSF, LAF, Repo rate, reverse repo, CRR, SLR, Integrated
ombudsman scheme, PSL, KCC, Interest Subvention, RBI circulars and reports ie. RBI Annual Report, Report on
Trend and Progress of Banking in India, FSR, Forex etc
Latest MPC highlights, RBI website and important circulars and news from RBI website
Various type of banks Commercial banks, Co-operative Banks, Private Sector Banks, Foreign Banks, Regional Rural
Banks (RRB), Local Area Banks
Payment bank and small Finance bank and relevant RBI circulars /FAQs, NPA related concepts and acts Insolvency
and Bankruptcy (IBC) Code 2016, SARFAESI Central Repository of Information on Large Credits (CRILC), Public
Credit Registry (PCR), National Asset Reconstruction Company Limited: India Debt Resolution Company Ltd. (IDRCL),
Financial Stability Development Council (FSDC), Real Estate Investment Trusts (REITs), Infrastructure Investment
Trusts (InvITs):
Current issues at global level like SVB crisis, credit Suisse, US debt ceiling, India’ s neighboring countries economy
issues and Impact of Global Recession on Indian Economy
Recent RBI initiatives like Restriction on Storage of Actual Card Data [i.e., Card-on-File (CoF)], Bharat Bill Payment
System (BBPS), Unified Payments Interface (UPI), One Nation One Grid, Processing of e-Mandates for Recurring
Transactions, Payments Infrastructure Development Fund (PIDF) [Utkarsh], e-BAAT Programmes, Digital Payment Index,
Interoperable Card-less Cash Withdrawal (ICCW) at ATMs, Central Bank Digital Currency (CBDC), e-Kuber,
 Crack Grade B 6
Fintech, Big Data and Data Analytics, Artificial Intelligence (AI) and Machine Learning (ML), Blockchain, API
(Application Programming Interface), Cloud Computing, DLT (Distributed Ledger Technology): Digital currencies (DCs):
Distributed ledgers Technology, E-Aggregators, Reg Tech, Regulatory Sandbox

Non-Banking System NBFCs and its types , various circulars related to NBFCs,

Scale Based Regulation for Non-Banking Financial Companies, various types of NBFCs registered with RBI, NPA
guidelines for NBFCs, Managing Director (MD)/ Chief Executive Officer (CEO) and Whole -time Directors (WTDs) related
guidelines, HFCs, NBFC MFI , NBFC ARC, NBFC-factors etc. Bank Finance to Non-Banking Financial Companies
(NBFCs)

Developments in Digital Payments Current data of digital payments and NPCI website and RBI initiatives

Primary and Secondary Markets Definitions, IPO,FPO, Right Issue, Preference share, QIB, ADR, GDR,IDR, Anchor investors IPO Process, various
functions, instruments, recent intermediaries of share market Merchant Bankers: Stock brokers, Underwriters, Depositories, CUSTODIANS, FPIs, P-
developments. Notes, Alternative investment funds (AIFs), Angel Fund,

NSE , BSE, SENSEX, NIFTY, Central Depository Services Limited (CDSL), Indian Clearing Corporation Limited, NSE
Clearing Limited, National Securities Depository Ltd. (NSDL), GIFT IFSC, Corporatization & Demutualization,
Securitization,

Association of Mutual funds of India (AMFI), Foreign Exchange Dealers Association of India (FEDAI), Fixed Income
Money Market and Derivative Association of India (FIMMDA), Association of Investment Bankers of India (AIBI),
Financial Benchmark India Pvt. Ltd (FBIL)

Mutual funds, types, important terminology and important regulations, Exchange Traded Fund (ETF), Equity Linked
Savings Schemes (ELSS)

Social Stock Exchange, Gold Exchange

Forex, Money, Bond Call Money, Notice Money, Term Money, MIBID, MIBOR, LIBOR, FBIL, MMIFOR, NDS, G-Sec,SDL, T-Bills, CPs, CDs,
Types of Bonds, Municipal bonds Electoral bonds: FEDAI, Secured Overnight Financing Rate (SOFR)

ECBs, foreign currency convertible bond (FCCB), FCEB (foreign currency exchangeable bonds), Rupee denominated
bond, Masala Bonds Inflation Indexed Bond, Capital Indexed Bonds, Exchange Earners' Foreign Currency Account
(EEFC), NRE,NRO,FCNR, SNRR, Foreign Exchange Reserves:

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 Crack Grade B
Financial Risk Management
Basics of Derivatives
Global financial markets and
International Banking – broad
trends and latest developments.
Financial Inclusion
Alternate source of finance, private
and social cost-benefit, Public-
Private Partnership
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Depreciation, Appreciation, Revaluation, Devaluation, Currency Swaps
Nostro account, Vostro account, Loro Account LIBERALISED REMITTANCE SCHEME (LRS)
Foreign Exchange Management Act (FEMA) 1999,
Prevention of Money Laundering Act, 2002 (PMLA):
Retail direct scheme
Liquidity Risk, Interest Rate Risk. Market Risk. Credit or Default Risk, Operational Risk, Systemic risk, Systematic
risk, Capital Asset Pricing Model: Risk-Return Relationship, CAMELS rating, BASEL norms and RBI circulars on
Basel norms, Prompt Corrective Action (PCA)
Exchange-traded derivatives, Over-the-counter derivatives, Forward, Futures, Options, Swaps, Index, Call and Put
options, terminology and simple numerical on options and futures
Letter of Credit (LC)/ Uniform Customs and Practices for Documentary Credits (UCPDC): Bill of exchange, Bill of
Lading (Airway bill in case of air shipment) INTERNATIONAL COMMERCIAL TERMS(INCOTERMS)
Director General of Foreign Trade (DGFT), Importer -Exporter Code (IEC): Bank Realisation Certificate (BRC) , SWIFT,
CHIPS, Full Fledged Money Changers (FFMC):
Lead Bank Scheme, Service Area Approach (SAA), SHG-Bank Linkage Programme, Business Correspondents (BCs) and
Business facilitators (BFs) Model, MUDRA, PMJDY, Payment bank and SFB, RBI guidelines for new banks, NPCI, UPI,
BHIM, IMPS, NEFT, NACH, NFS,CTS,BBPS, AEPS, APBS,QR code, RUPAY, NETC, National Strategy for Financial
Education (NSFE): 2020-2025: National Strategy for Financial Inclusion 2019-2024, PSL, KCC, Interest Subvention
e-RUPI
Factoring, Forfaiting, Crowdfunding, Peer to Peer Lending, Trade Receivable Discounting System, Lease financing, Hire
purchase
Public Private Partnership (PPP): Toll-Operate-Transfer Model (ToT), Hybrid Annuity Model (HAM), Build Operate and
Transfer (BOT), Build-Own-Operate (BOO), Build-Own-Operate-Transfer (BOOT), Build-Operate-Lease-Transfer
(BOLT), Special Purpose Vehicle, Hybrid Financing , CSR
 Crack Grade B 8
Corporate Governance in Banking Committee on Corporate Governance in banking, Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs,
Sector Appointment of Directors and Constitution of Committees of the Board, Audit Committee of the Board (ACB), Risk
Management Committee of the Board (RMCB): Nomination and Remuneration Committee (NRC), Compliance functions
in banks and Role of Chief Compliance Officer (CCO), Risk Management Systems – Role of the Chief Risk Officer (CRO),
Tenure of MD&CEO and Whole Time Directors (WTDs)

The Union Budget – Concepts, Concept of Fiscal Policy, Budget and Economic survey highlights
approach and broad trends

Basics of Accounting and Financial Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor
Statements Days, Inventory Turnover, Return on Assets, Return on Equity, etc.)

Numerical on ratios, EOQs, BEP, Operational and financial Leverage Analysis

Inflation: Definition, trends, Inflation: Definition, trends, estimates

estimates, consequences, and
remedies (control): WPI, CPI - CPI, WPI, IIP, Index of Eight core industries
components and trends; striking a
Latest figures
balance between inflation and
growth through monetary and
fiscal policies.

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 Crack Grade B
Topic
Introduction to management; Evolution of management thought:
Scientific, Administrative, Human Relations and Systems
approach to management; Management functions and Managerial
roles; Nudge theory
Meaning & concept of organizational behaviour; Personality:
meaning, factors affecting personality, Big five model of
personality; concept of reinforcement; Perception: concept,
perceptual errors.
Motivation
Leadership
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9
Management
Sub Topic
ROLES OF MANAGER, Levels of management: Bureaucratic Management, Scientific
Management: Frederick Taylor, Henry Fayol's 14 Principles of Management,
Functions of Management: Planning, Organizing, Staffing, Directing and Controlling.
Decision-making, Group decision making techniques: Brainstorming, Delphi
Technique, Quality Circles, Fishbowling
Individual decision making techniques: Decision Tree, simulation, PERT (Program
Evaluation Review
Technique) and CPM (Critical Path Method)
Types of Organizational Structure:
Job Analysis, Job design, Work Simplification, Job Rotation, Job Enrichment, Job
Enlargement, Forecasting procedures, RECRUITMENT AND SELECTION, Training,
Elements of Directing, Steps in Control Process,
Project Management Tools of Control: PERT, CPM
Break Even, EOQ, JIT, TQM, Organizational Controls:
Meaning & concept of organizational behaviour; Personality: meaning, factors
affecting personality, Big five model of personality; concept of reinforcement;
Perception: concept, perceptual errors.
Maslow’s hierarchy of needs, Alderfer’s ERG theory, Herzberg’s motivator hygiene
theory, and
McClelland’s learned needs or three-needs theory. expectancy theory, equity theory,
goal-setting theory and reinforcement theory
Leader versus Manager, Autocratic Leadership, Democratic or Participative
Leadership, Free-Rein or Laisse-Faire Leadership, and Bureaucratic or Paternalistic
Leadership
Great Man Theory, Trait Theory, Ohio State University Studies, The University of
Michigan Studies, Managerial Grid Model, Likert’s Management System, Fiedler’
s Contingency Model, Situational Leadership Theory of Hersey-Blanchard ,
 Crack Grade B
Emotional Intelligence: Concept, Importance, Dimensions.
Analysis of Interpersonal Relationship: Transactional Analysis,
Johari Window;
10
Leadership continuum theory and House’s Path Goal Theory, Leader-Member
Exchange (LMX) Theory, Transactional vs. Transformational Leadership
Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal
Relationship: Transactional Analysis, Johari Window;

Conflict: Concept, Sources, Types, Management of Conflict, Conflict: Concept, Sources, Types, Management of Conflict,

Organizational Change Organizational Change: Concept, Kurt Lewin Theory of Change;

Organizational Development (OD): Organisational Change, Strategies for Change,

Theories of Planned Change (Lewin's change model, Action research model, Positive
model).

Ethics at the Workplace Meaning of ethics, why ethical problems occur in business. Theories of ethics:
Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and
fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to
moral principles: virtue ethics, teleological theories, egoism theory, relativism theory,
Moral issues in business: Ethics in Compliance, Finance, Human Resources,
Marketing, etc. Ethical Principles in Business: introduction, Organization Structure
and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of
Ethics, Code of Conduct, etc
Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance, Kotak
committee recommendations accepted by SEBI
Communication Steps in the Communication Process; Communication Channels; Oral versus
Written Communication; Verbal versus non-verbal Communication; upward,
downward and lateral communication; Barriers to Communication, Role of
Information Technology
KINESICS (BODY LANGUAGE)
Oculesics [ocalics]
HAPTICS (TOUCH LANGUAGE)
PROXEMICS ,(SPACE LANGUAGE)
Objectics [artifactics]
CHRONEMICS (TIME LANGUAGE)
PARALANGUAGE\VOCALIC
Olfactics
Gustorics

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 Crack Grade B 11
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