RBI Grade B 2024 Guide Book - EduTap

Table
Table of of
C O N T E N T S
C O N T E N T S
About RBI
• What is RBI?
• Brief history of RBI
• What are the functions of RBI?
• What are the departments in RBI?
• What is the hierarchy in RBI?
• Advantages of working with RBI over other sectors
• After clearing the RBI Grade B exam, what will be your designation?
About RBI Manager

• How is the recruitment conducted?
• What is the pattern of the examination?
• What is the eligibility?
• Cut-offs so far
• Is the recruitment regular?
• What is the syllabus of the examination?
• What is the training at RBI like?
• What is the job profile?
• What is the salary?
• What are the other allowances and benefits?
• What are the promotion opportunities?
Resources to prepare for RBI Grade B Exam

• Resources for phase 1
• Resources for interview
Our 6 step formula to become an RBI Manager

• What is the 6 step formula?
• Our Legacy - Our Students
Disclaimer
All information in this guidebook is provided after thorough research and is true and
complete to the best of our knowledge. Although we have made strong efforts to verify
every piece of information from an authentic source, we take no responsibility in case of
errors.
However, if any inadvertent errors are found while you are reading this e-book, do let us
know at hello@edutap.co.in and it would be updated within 2-3 working days
Copyright 2023 @ EduTap Learning Solutions

All Rights Reserved
About RBI
About RBI
• What is RBI?
• Brief history of RBI
• What are the functions of RBI?
• What are the departments in RBI?
• What is the hierarchy in RBI?
• Advantages of working with RBI over other sectors
• After clearing the RBI Grade B exam, what will be
your designation?
About RBI | 02
About Reserve Bank Of India
What is RBI?
The Reserve Bank of India (RBI) is the central bank that
controls, regulates and operates the entire banking
system in the country.
RBI is responsible for regulating the nation's financial

system and hence ensures financial stability & public
confidence in the banking system.
The Bank is headed by the governor who is appointed

by the central government.
RBI is responsible only for printing the currency notes.

Minting of coins is done by the Government of India.
Is RBI a Bank?
RBI is a Banker’s Bank. Why? Because it acts as a bank for all the commercial banks in India. RBI
holds their cash reserves and lends them short-term funds.
A normal person cannot open an account in RBI, only Banks can open Current Accounts in RBI.
What is the history of RBI?

When was RBI established?
The Reserve Bank of India was set up on April 1, 1935, in Kolkata. It was, later on, moved to
Mumbai in 1937.
www.edutap.co.in +91 81462 07241 hello@edutap.co.in

About RBI | 03
The Bank was set up based on the recommendations of the 1926 Royal Commission on Indian
Currency and Finance, also known as the Hilton Young Commission.
Originally, RBI was a shareholders’ bank (private entity), after nationalization in 1949, it became
fully owned by the Government of India.
RBI acted as the central bank for two countries,

Myanmar and Pakistan till 1947 & 1948 respectively.
What are the functions of RBI?

The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as:
“To regulate the issue of Bank notes and keeping of rese ves with a view to secu ing moneta y
stability in India and generally to operate the cu rency and credit system of the count y to its
advantage; to have a mode n moneta y policy framework to meet the challenge of an increasingly
complex economy, to maintain p ice stability while keeping in mind the objective of growth."

About RBI | 04
Role of RBI in the Indian Economy:
1
Monetary Authority
RBI being a monetary authority
manages currency and money supply.
2
Regulator & Supervisor
of the Financial System
Supervises if the banks and other
financial institutions are doing the job
assigned to them regarding financial
inclusion.
3
Issuer of Currency
Issues, exchanges and destroys
currency notes as well as puts into
circulation coins minted by the
Government of India.
4
Manager of Foreign
Exchange
RBI facilitates external trade and
payments and promotes the orderly
development and maintenance of foreign
exchange markets in India.
5
Banker to the
Government
RBI sells and purchases government
(central & state both) securities on
their behalf.
Bankers' Bank
As the banker to banks, the Reserve
Bank maintains banking accounts of
all scheduled banks.
6
7
Developmental Role
Performs a wide range of
promotional functions to support
national objectives.

About RBI | 05
What are the departments in RBI?

There are around 30 departments in RBI.
Major Departments in RBI and their Working in Brief:
• Department of Economic and Policy • FinTech Department: FinTech is being

Research (DEPR): It provides research used to denote the wide array of
inputs and management information technological innovations that have a
system (MIS) services for policy-related bearing on financial services.
decision-making.
• Department of Payment and Settlement
• Department of Currency Management: It Systems: The functions include policy
provides focused attention on the formulation, authorization, regulation,
management of currency notes and supervision and monitoring of payment
coins. and settlement systems.
• Department of Government and Bank • Internal Debt Management Department:

Accounts(DGBA): It discharges the core Major role of this department is to
central banking function of being a manage and provide innovative and
banker to the government and banker to practical solutions for the government’s
banks. debt.
• Department of Statistics and • Risk Monitoring Department: Its major

Information Management: Its major role role is the implementation of Enterprise-
is collection, processing and analysis of wide Risk Management System in the
data on banking, corporate and external Reserve Bank.
sectors and modelling and forecasting of
• Department of Supervision: The
important macro-economic indicators.
Department of Supervision carries out
• Monetary Policy Department: Its primary the mandate of supervising all
role is to maintain price stability while scheduled commercial banks (excluding
keeping in mind the objective of growth. Regional Rural Banks), Local Area Banks,
Price stability is a necessary precondition Payments Banks, Small Finance Banks,
to sustainable growth. Credit Information Companies, Primary
Urban Cooperative Banks, NBFCs, Asset
• Foreign Exchange Department: The Reconstruction Companies, Factoring
objective is to facilitate external trade companies and All India Financial
and payments and promote orderly Institutions (AIFIs) within the legal
development and smooth conduct of framework.
foreign exchange market in India.

About RBI | 06
What is the hierarchy in RBI?
1 2 3
Governor Deputy Executive

Governors Directors
4 5 6
Principal Chief Chief General General

General Manager Managers Managers
7 8 9
Assistant
Deputy General Managers
General
Managers
Managers
10 11
Assistant Support
Managers Sta

About RBI | 07
Advantages of working with RBI over other sectors

RBI itself says, “Life with RBI is not just another career. It's a commitment. Commitment to
serve the Nation, where your decisions make an impact on the way the economy and the
financial sector in the country evolves.” Listed below are the advantages of working at RBI:
• You get an opportunity to work on a wider canvas of operations, and you are involved in the
formulation of policies having nationwide implications.
• You get to be a member of a team that shapes the financial policies. You work with the
government, international organizations and top-level financial minds to contribute to
thinking on global best practices.
• You initiate and monitor reforms and changes in India's financial environment and manage an
economy in transition. Your job offers the challenge of driving a nation on the move.
• You get an opportunity to interact with some of the brightest minds across sectors of the
economy and across the globe. In domestic seminars and conferences, you represent your
institution and internationally you represent your country.
• Your everyday job can make a difference to a farmer, a small entrepreneur, an exporter, an
industry, a financial entity, or even a common man.
• You do research that induces policy changes.
How is the work-life balance at RBI?

RBI is such a big organization, life would be tough. Right?
No, not at all, rather the life at RBI is-
• Peaceful: RBI is a perfect place as far as the work-life balance is concerned as there are no
public dealings or sales targets at all and staying in the office for long is a rare instance.
• Unlike Commercial Banks, RBI follows 5-days a week policy i.e., working days are from
Monday to Friday.
• More like a Corporate: The work environment is just awesome.
◦ What are the working hours?

Generally, the office timings of RBI are 9 AM to 5 PM.
A er clearing the RBI Grade B exam, what will be your

designation?
Now, when you are aware of what RBI is and what are its functions, you might be wondering how
one can be a part of such a reputed organization. RBI Grade B exam is one such opportunity,
once you clear it, you are designated as a Manager in RBI.

02
About RBI Manager
About RBI
Manager
• How is the recruitment conducted?
• What is the pattern of the examination?
• What is the eligibility?
• Cut-Offs So Far
• Is the recruitment regular?
• What is the syllabus of the examination?
• What is the training at RBI like?
• What is the job profile?
• What is the salary?
• What are the other allowances and benefits?
• What are the promotion opportunities?
About RBI Manager | 09
About RBI Manager

How is the recruitment conducted?
Stages of the RBI Grade B Exam
Phase 1 Phase 2 Interview

Online Exam Phase
Online Exam
Objective
Objective Type Psychometric Test
+
+
Descriptive Type
Interview
What is the pattern of the examination?
ess
No. of Questions: 80 ren Re
a a No. of Questions: 60
w
so
lA
Marks: 80 Marks: 60
nin
era
Sectional Timing: 25 Minutes Sectional Timing: 45 Minutes

g
Gen
Phase 1
Exam
Qua
nti
h
t
lis
at
No. of Questions: 30 No. of Questions: 30

g
ve
En
Marks: 30
Ap
titu Marks: 30
de
Sectional Timing: 25 Minutes Sectional Timing: 25 Minutes
• Total Marks - 200 • Negative marking - 1/4th for every wrong

• Total No. of Questions - 200 answer
• Phase 1 marks are not added in the final
• Composite timing - 120 minutes
selection.

Phase 2 Exam:
• 3 Papers of 100 Marks Each
• Economic and Social Issues -
◦ 50% Objective & 50% Descriptive
◦ Total Marks - 100
◦ Total time - 120 minutes
◦ No. of Questions - 30 for Objective. 06 for Descriptive out of which 4 are to be attempted
• Finance & Management -

◦ 50% Objective & 50% Descriptive
◦ No. of Questions - 30 for Objective. 06 for Descriptive, 4 to be attempted
• Descriptive English - 100% Descriptive

◦ No. of Questions - 03
• Interview Phase
◦ Candidates need to undergo a Psychometric Test before appearing for the Interview. No
marks are allotted for the Psychometric Test.
◦ After the psychometric test there is an interview of 75 marks.
◦ Candidate may opt for the interview either in Hindi or English
What is the eligibility? Age Relaxation

Age:
•
•
Minimum Age limit is 21 years
Maximum is 30 years
5 3 10 13 15 4 3
years years years years years years Years
for for for for (max.)
Educational Qualification for for PhD
SC/ST OBC Person PwBD PwBD for
(General Stream): Officers
with (OBC) (SC/ST)
Graduation in any subject or professional Bench working
qualification with minimum 60% marks (50% mark in
for SC/ST/PwBD applicants) or Post- Disabili Public
Graduation with minimum 55% marks (only ty Sector
[PwBD Banks
pass marks for SC/ST/PwBD applicants) in
(UR)]
aggregate of all semesters/years.

Cut-o s so far
◦ Cut-off for the year 2022:
Phase 2 & Final Cut-Off
Category & Cut-Off Marks
Recruitment Stage
General OBC SC ST EWS PwBD
Aggregate cut – off

marks in paper- I,
paper-II and paper- 171.25 167.00 150.50 150.25 171.25 150.25
III (out of total 300
marks).
208.25 (Gen)
Aggregate marks in 196.75 (OBC)
Phase 2 (paper- I, II 176.25 (SC)
and III) and 234.50 223.00 202.50 179.00 187.50 EWS & ST in
interview (out of PwBD not
total 375 marks) qualified

Phase 1 Cut-off
Category
Section
PwBD
General/UR EWS OBC SC ST
(OH/HI/VH/MD)
General Awareness 6.25

12.0 12.0 8.0 6.25 6.25
(Maximum Marks = 80)
Reasoning
9.0 9.0 6.0 4.75 4.75 4.75
English Language
4.50 4.50 3.0 2.25 2.25 2.25
Quantitative Aptitude
4.50 4.50 3.0 2.25 2.25 2.25
Total Score/ Aggregate

63.75 63.75 60.25 55.25 50.75 49.75
◦ Cut-off for the year 2020-21: (Since 2020-21, the interview holds the weightage of 75
marks instead of 50 marks.)

Recruitment Stage

marks in paper- I, paper- 166.75(HI, LD,
187.75 187.75 167.5 166.75 187.75
II and paper- III (out of MD)
total 300 marks). 169.75(VI)
Aggregate marks in
Phase 2 (paper- I, II and Gen - 226
252.25 241.25 212.25 205.25 218.25
III) and interview (out of OBC - 223.75
total 375 marks)

Phase 1 Cut-off
Category
Section
PwBD
(OH/HI/VH/MD)
General Awareness 16 10.25

16 12 10.25 10.25
Reasoning
12 12 9 7.75 7.75 7.75
English Language
06 06 4.50 3.75 3.75 3.75
06 06 4.50 3.75 3.75 3.75

66.75 66.75 63.75 53.50 52.75 52.75

Recruitment Stage

marks in paper- I, paper- 172.25 ( HI, LD,
193.25 188.00 172.25 172.25 193.25
II and paper- III (out of MD) 176.75 (VI)
total 300 marks).
Aggregate marks in
Phase 2 (paper- I, II and 206.50 Gen 215.75 OBC
238.25 215.50 194.00 197.00
III) and interview (out of 194.75
total 350 marks)

Phase 1 Cut-off
Category
Section
PwBD
(OH/HI/VH/MD)
General Awareness
20 20 16 14.25 14.25 14.25
Reasoning
15 15 12 10.75 10.75 10.75
English Language 7.5

7.5 06 5.25 5.25 5.25
7.5 7.5 06 5.25 5.25 5.25

122 122 115.50 108 108 108

Recruitment Stage
General OBC SC ST PwBD
Aggregate cut – off marks in

paper- I, paper-II and paper- III 201.25 186.25 180.25 180.25 180.25
(out of total 300 marks).
Aggregate marks in Phase 2

(paper- I, II and III) and GEN-235.50
248.50 235.50 221.25 219.50
interview (out of total 350 OBC-223.00
marks)

Phase 1 Cut-off
Category
Section
PwBD
General/UR OBC SC ST
(OH/HI/VH/MD)
General Awareness
20 16 14.25 14.25 14.25
Reasoning
15 12 10.75 10.75 10.75
English Language
7.5 06 5.25 5.25 5.25
7.5 06 5.25 5.25 5.25
105.75
95.75 91.75 91.75 91.75

Is the recruitment regular?

• As per the data, for the past 12 years, we have seen the notification of RBI Grade B every
year apart from 2020 (during the pandemic). But then RBI clubbed the vacancies of 2020 &
2021 together and in 2021 the application was called against 270 seats. So, yes the
recruitment is regular in RBI and the notification is released every year.
Syllabus of the examination

• What is the syllabus of phase 1 as per the notification?
In the official notification, the detailed syllabus for Phase 1 is not mentioned. So, how will you
prepare for the exam? Will you refer to any random source and topics for Phase 1? No,
actually the master key is to make previous year's questions (PYQs) your best friend, they will
guide you w.r.t the important topics for not only Phase 1 but every stage. To make it easy for
you, we have analyzed the PYQs and have listed down the topics for each section of Phase 1.
• Reasoning:
◦ Alphabetical, Alphanumeric Series ◦ Puzzles
◦ Coding & Decoding ◦ Machine Input Output
◦ Syllogism ◦ Statement – Assumption
◦ Direction Sense ◦ Statement – Course of Action
◦ Inequality ◦ Cause and Effect
◦ Ranking ◦ Statement Argument
◦ Blood Relation ◦ Statement Conclusion
◦ Seating Arrangement ◦ Data Sufficiency
• Quantitative Aptitude:
◦ Percentage ◦ Mixture
◦ Profit & Loss, Discount ◦ Average
◦ Ratio & Proportion ◦ Ages
◦ Simplification ◦ Partnership
◦ Simple & Compound Interest ◦ Area, Volume
◦ Time & Work ◦ Probability
◦ Pipes & Cistern ◦ Data Interpretation & Data Sufficiency
◦ Number Series & Number System ◦ Quadratic Equation
◦ Time Speed & Distance, Trains, Boats ◦ Quantity Comparison

• English:
◦ Grammar ◦ Para Jumbles
◦ Error Spotting ◦ Double Fillers
◦ Sentence Improvement ◦ Vocabulary – Synonyms, Antonyms,
◦ Comprehension Ability One-word Substitution, Phrasal Verbs
◦ Comprehension passage
◦ Cloze Test
◦ Rearrangement
• General Awareness(GA): GA is divided into 2 parts, static and current affairs, and the
weightage in the exam is 10-15 marks and 65-70 marks respectively. Following topics are
most frequently asked from the General Awareness section:
◦ National News: MoUs, summits and ◦ Sports: Major tournaments and its
major events related to India. winners
◦ International: Summits, Conferences
◦ Science, Technology and Space
held abroad.
◦ Awards and honours
◦ Financial & Economics News
◦ Financial Awareness: RBI and SEBI ◦ Environment
Notification and Regulations
◦ Banking, Economy related news
◦ Defence: Military exercises, drills and
▪ Reports and Government Schemes
major updates related to the defence
sector of India ◦ Books and Authors
◦ Days in News: Major events or days,
◦ Static GA – Chief Ministers and Cabinet
along with its date, and theme Ministers, National Parks and
◦ Persons in News: Obituaries, Sanctuaries, Organisations’
appointments, retirements Headquarters, Banks’ Headquarters and
Taglines, Power Plants in India, Indian
Dance Forms, Countries’ Capitals and
their Currencies.

What is the syllabus of phase 2 as per the notification?

• Economic and Social Issues (ESI):
• Descriptive English:
There is no defined syllabus for descriptive English but as per the examination scheme, 3
questions are asked. These 3 questions are asked under the following topics-
◦ Essay - An essay is asked to be drafted out of 4-5 options (about 400 words)
◦ Precis Writing – Precis writing is to be done in about 140 words
◦ Reading Comprehension – 5 questions based on reading comprehension are asked.

• Finance and Management:

• Management:

What is the training at RBI like?

• What are the training establishments of RBI and where are they located?
◦ There are total 6 training establishments of RBI. Three, namely, RBI Academy, College of
Agricultural Banking and Reserve Bank of India Staff College are part of the Reserve Bank.
Others are autonomous, such as the Centre for Advanced Financial Research and Learning
(CAFRAL), Indira Gandhi Institute for Development Research (IGIDR), Institute for
Development and Research in Banking Technology (IDRBT).
◦ Training for RBI Grade B officers is conducted at Reserve Bank of India Staff College,
Chennai.
• What is the duration of the training?
◦ The duration of induction training is around 10 weeks, but since the covid outbreak, it has
been cut short to 3 weeks.
◦ Probation period: 2 years from the date of joining.
◦ You are entitled to full salary and perks as soon as you join RBI, i.e., as soon as the training
is started, you get the full salary from that very month.
What is the job profile?

The job profile of a Manager at RBI depends on the department in which he/she is posted. Kindly
refer to page no. 05 for more details on the major departments in RBI and their functions.
What is the salary?

• What is the CTC offered by RBI?
◦ Officers recruited on Grade B posts are entitled to one of the highest pay packages and
allowances that are available to government employees. At present, the annual CTC of a
Manager at RBI is around ₹24-26 lakhs.
• What will be the in-hand salary?
◦ The in-hand salary after all the deductions comes out to be approximately ₹ 15 lakhs per
annum.
What are the other allowances and benefits?

An RBI Manager gets some allowances on a monthly basis that sum up to around ₹12 lakhs per
annum and some allowances on an annual and biennial basis which constitute an amount of ₹2
lakhs/annum. Let’s have an overview of the allowances offered:

• Monthly Allowances
Monthly Yearly
Component Remarks
(in Rs.) (in Rs.)
200 litre per month in Mumbai.

2,40,000
180 ltr per month in Delhi, Chennai, Kolkata, Hyd,
Petrol Allowance 20,000
Bengaluru, Ahmedabad.150 ltr per month in other
cities
Household Allowance 5,000 60,000
Internet 2,000 24,000
Landline 1,386 16,632 Landline Bill needed
Newspaper 917 11,004
6,000
Equipment
500
Maintenance
HRA 60,000 7,20,000 On actual lease amount
84,000
Only if you have children. 7000 per month for max 2
Children Education 7,000
children
43,200
Can be used for food in canteen or in stores like Big
Sodexo Coupon 3,600
Bazaar. Paid Quarterly
12 lakhs
Total 1,00,403
(approx.)

• Other Allowances:
Component Yearly (in Rs.) Remarks
Book Grant 8,000
Medical on Declaration 13,000
Briefcase 6,500
Furniture 40,000 2 lakhs given once every 5 years
Spectacles Allowance 13,000 Given as 13000 once in 2 years. Also given

to spouse separately. Bills need to be
produced
LFC 1,24,000 1,24,000 per person once in 2 years for a

max of 4 dependent people
Total 1,98,000
What are the promotion opportunities?

• How frequently does one get promoted?
◦ Promotions at RBI are dependent on the vacancies of the higher posts and one will have to
compete i.e., undergo an internal examination to get the promotions. Usually, the
promotion can be expected within 3 to 5 years.
• To what level can I reach in RBI?

◦ Almost all of the Grade B officers reach up to the CGM level. If you make it in your early
20s, you may become an Executive Director and if you do exceptionally well, you even
stand a fair chance to be designated as Deputy Governor towards your retirement.
• Do I get a chance to pursue higher studies?

◦ RBI has a Golden Jubilee Scholarship Program, where one will not only get study leave, but
also RBI will fund your fees to study in a foreign institution. Do note that this is not open to
everyone and you need to work hard to avail this opportunity.

Resources to
prepare for
RBI Grade B
Exam
• Resources for interview

Resources to prepare for RBI Grade B Exam | 25
Resources to Prepare for RBI Grade B Exam

When it comes to finding the best sources for any exam, the two best friends of an aspirant are-
1 2
Previous Year
Syllabus
Questions
(PYQs)
How? Because PYQs and Syllabus help you at every stage of your preparation to know what
topics are to be read and what are to be skipped.
Well! Here is the subject-wise book lists and sources –
Resources for phase 1

Recommended Books
• Quantitative Aptitude - This book named Quantitative Aptitude for CAT by Arun Sharma, is
best for building fundamentals in step-by-step manner but it does not adhere to RBI Grade B
syllabus alone, so it needs to be complemented with PYQs for comprehensive coverage.
• Reasoning - Recommended book for reasoning is Verbal & Non-Verbal Reasoning by RS

Agarwal but since it is relevant for multiple exams, you need to sort out relevant topics,
based on PYQs.
• English Language - There is no specific book to prepare for the English Language, the more
you read the more you learn. However, these 2 books Objective General English by SP
Bakshi and Word Power – Made Easy can be referred to align your preparation according to
the exam pattern of RBI Grade B and to improve your vocabulary.
• General Awareness (GA) - General Awareness is divided into static and current affairs. It is
very difficult to define the syllabus of GA, hence you need to have a keen observation of
what is going on in your surroundings and is relevant for the exam. How to cover it then?
Through The Hindu and PIB or if you find it difficult making notes out of it, then any good
compilation of current affairs (relevant for RBI Grade B exam) is a best way to cover General
Awareness. Static GA is to be derived from current affairs and you must Google Search to
find out the important static aspects of current news. For eg. Kudankulam nuclear power
plant is very often in news, so as a part of static GA, you must be aware where it is located. If
for any reason a wildlife sanctuary/national park is in the news, then it automatically
becomes important to read about the location of that wildlife sanctuary/national park & what
it is famous for.

What are the other sources?
• Books for Quant & Reasoning are only for concept building. The best way to prepare these
subjects is to practice as many questions and attempt as many mock tests as you can.
• For English, develop a decent vocabulary through editorial section of The Hindu/The Indian
Express and reading Yojana magazine (will help in current affairs as well)
Resources for phase 2

Recommended Books
• Books for Management-

◦ Principles & Practice of Management by LM Prasad
◦ Organizational Behaviour by LM Prasad and Organizational Behaviour By Stephen P
Robins (Indian Version edited by Niharika Bohra)
◦ Business Ethics & Corporate Governance by BN Ghosh - For Ethics & Corporate
Governance
• Books for Finance-
◦ Principles of Practices of Banking by Macmillan Education (Read only Module A & C)
◦ Bank Financial Management by Macmillan Education (Read only Module A & B)
◦ Indian Economy by Ramesh Singh (Mainly for Inflation & Union Budget)
• Books for Economic & Social Issues-
◦ Indian Economy by Ramesh Singh (Read only those chapters that are mentioned in the
syllabus)
◦ Social Problems in India by Ram Ahuja - (Requires selective study as mainly current
oriented questions are asked)
• Books for Descriptive English -
◦ There are no specific books that can be suggested for Descriptive English. To improve
your writing skills, you can start reading PIB (will help in collecting good points for essay),
Yojana magazine will help in English as well as current affairs and editorials from The
Hindu or Indian Express (will help in building command over language).
What are the other sources?
• Finance:
◦ FAQs & Speeches on RBI Website
◦ Investopedia website
◦ Notifications (Factual Data) on RBI Website
◦ Livemint newspaper (Editorial Section)

◦ Magazines(for descriptive part) - Capital Market & Business India

◦ Summaries of - Economic Survey, Union Budget, RBI Annual Report, Report on Trends in
banking industry by RBI & Financial Stability Report
• Economics & Social Issues:
◦ PIB (past 6 months)
◦ The Hindu (Editorial Section)
◦ Magazines (only if time permits) - The Economist and Economic & Political Weekly
What is Psychometric Test:

From 2021 onwards, RBI has introduced a transition stage between the Phase 2 result and
Interview – Psychometric Test. After Phase 2, one needs to clear this test, which is qualifying in
nature i.e. no marks are allotted for this.
• What is it all about?
A psychometric test is basically a test of two things –
◦ Test of personality traits
◦ Test of cognitive ability
Since, majority of your cognitive ability has already been tested in the previous two stages,
personality traits have a lot more weightage in psychometric assessment.
Traits that are tested through a Psychometric test include –
• Cultural Fitment – Will you be able to fit in the highly diverse work culture of an organization
like RBI.
• Learnability – are you open to learn & grow?
• Flexibility & Adaptability – This refers to your attitude towards the unexpected changes.
• Value System – How strongly you maintain your ethics and integrity.
• Response under Stress – How do you behave under intense situations.
• Your Motivational Process – What motivates you? Is it the aura of working with RBI or the
feeling of serving your nation?
• Emotional Capabilities – It is a test of your emotional intelligence; EQ is equally important as
IQ.

Resources for interview

• Where is the interview held?
The RBI Grade B interviews are held at any of the 4 zonal offices of RBI i.e. Mumbai, New
Delhi, Chennai and Kolkata.
• Who takes the interview?
The panel for the interview of RBI Grade B is decided by the RBI Services Board. The
interview panel is headed by a Chairperson who is mostly of the Executive Director rank. The
other 3–4 members in the panel are of CGM/Regional Director level. Interview panel of the
RBI, therefore, consists of very senior bank officials.
• How to prepare?
This is the final and most critical stage of becoming a Manager in RBI. The candidate
selected for the interview is well-versed with written exam, but at this stage, people go
clueless, so we have come up with these 4 pillars to help you clear the interview like a
pro:
Biodata Functions and Static Current

Form Working of RBI Knowledge Affairs
• Biodata form –
Generally, information asked in biodata form include-
▪ Family background
▪ Educational background
▪ Work Experience
▪ Your hobbies
◦ The best way to cover major aspects of your biodata form is to prepare around 100
questions out of it which should cover all the information that you have provided. You can
discuss these questions and their answers with family and friends to get different
perspectives. In short, you should be thorough with the information that you have
provided in the biodata form.

• Functions and Working of RBI –

You must know about the organization you want to be a part of. To cover these questions,
you may refer to About Us section of Reserve Bank’s website– https://www.rbi.org.in/
• Static Knowledge –
A few questions can be asked from static portion of your syllabus to test your basic
understanding of Indian Economy and Financial system. These can be answered by reading
the below topics:
• Inflation
• Indian Economy & Reforms
• Monetary Policy and Fiscal Policy
• Risk Management / Non-performing Assets
• FinTech / Payment and Settlement system
• Financial Inclusion
• Corporate Governance
• Current Affairs – Current Affairs is something that will always come to your rescue. You have
been referring to it even before the Phase 1 exam. However, for the interview, you should
restrict your preparation to the events and happenings which are related to
finance/economy or to be precise- News relevant to RBI. A few examples include:
◦ RBI Notifications (mainly regulations)
◦ RBI Annual Report
◦ Financial Stability Report (FSR)
◦ Report on Trends & Progress of Banking System in India
◦ Economic Survey and Union Budget
◦ News Papers – Live Mint and Economic Times
▪ Covering the above-mentioned resources 4 to 6 months prior to the interview date will
be sufficient. It is not required to remember everything by heart, but you should have a
fair idea of these reports & surveys, as well as the landmark changes brought about by
RBI.

Our 6 step
04
formula to
become an
RBI Manager
• What is the 6 step formula?
• Our legacy - Our Students
Our 6 step formula to become an RBI Manager | 31
Our 6-Step Formula to Become an RBI Manager

What is the 6-Step Formula?
Set a
clear goal #1
Always remember that when goals are vague, outcomes are vague. So does it mean that you
must set only 1 and clear goal of clearing the RBI Grade B examination? You may. Nothing wrong
with it. We, however, recommend following a Plan A and Plan B approach. And no, Plan B here
does not mean a backup career option! What it means is that you should design your Plan A and
Plan B exams in such a manner that 1) the preparation of your Plan A exam/s ‘must’ automatically
lead to atleast 80% preparation of Plan B exam/s and 2) when you are devoting time to study for
Plan B exam/s, it must automatically strengthen your preparation for Plan A exam/s.
For example – Let’s say your Plan A exam is to crack the RBI Grade B exam, what should be your
Plan B? The most ideal Plan B will be the SEBI Grade A exam. How? Because it checks both
points as explained above – preparation of RBI Grade B automatically leads to the preparation of
80% syllabus of SEBI Grade A and when you are devoting time to study anything for SEBI Grade
A, it is actually strengthening your preparation for RBI Grade B as well.
Understand
#2 the exam
The syllabus and previous year questions are like the 2 headlights of your car of preparation.
You miss one of these and your car will meet with an accident, let me guarantee you this right
here! The biggest blunder aspirants commit is that they do not define the scope of the syllabus
of the examination and prepare under the impression that anything and everything can be asked
in the examination which is even remotely related to the syllabus!

Hell no! This is NOT the case. Download and print a copy of the syllabus and then do the same
for previous year questions. Go through the syllabus atleast 10 times and then go through the
previous year questions (year wise) and see for yourself what are the important topics and in
what depth they need to be studied for the examination. Believe me, more than 90% of the so-
called sincere aspirants do not do this.
Shortlist
Resources #3
Based on step 2, now is the time to shortlist your study sources. Once you prepare a list of the
resources you will follow, DO NOT get swayed by new material that keeps flooding the market
through social media platforms! Keep your head down and focus on completing your study
sources. Yes, once you are done with your sources, you can move to a secondary source but not
before that!
Design a
#4 Time Table
This is a very important step – you must design a time table for yourself. This time table is for
‘you’ and ‘you’ alone. Do not compare your timetable with others, some like studying early in the
morning, some like to burn the midnight oil, some can sit at a stretch for 6 hours, some study for
2 hours and take a break and then study again. Some study on all 7 days, some study for 5 days
and take a 2-day break. Whatever! The point is to have a timetable that ‘works’ for ‘you’. It is not
meant to earn a shower of praises from your parents, friends, or peers!

Develop
Consistency #5
Ah consistency! The ever-elusive thing! The secret to developing consistency is to make ‘micro
easy targets’. How? Let’s compare 2 situations. Student A makes a plan that he will study 8 hours
every day starting tomorrow and sets a goal for himself for the next day – cover 50 pages of
current affairs magazine, 20 pages of motivation theories from a book, 50 questions of ratio &
proportion and write 1 essay. He starts his day full of energy but towards the end of the day finds
himself in quite an uncomfortable position realizing that only 50% of the target has been
covered. He cannot sleep comfortably that night and gets up the next morning tired and
frustrated. Now he has to complete the pending tasks of Day 1 as well as cover whatever he
decided for Day 2 as well! Quite an uphill task, don’t you think?
On the other hand, Student B makes a plan that he will also study 8 hours a day and sets a goal
of completing 20 pages of current affairs magazine, 10 pages of motivation theories and 1 essay.
Now, this student will complete his target ahead of schedule and having done that feel elated,
joyful and full of confidence! This will lead to a good night’s sleep and hence even higher energy
for the next day!
This is how you make ‘micro’ and ‘easy’ targets and achieve them daily and move ahead with
consistency.
Develop
#6 Faith
Always think from your mind and feel from your heart. If you reverse this sentence, you will get
trapped in ‘emotions’. Being emotional isn’t bad at all, its good! Getting trapped in emotions is
what is bad! Once you complete steps 1-5, you will start to develop faith in yourself. Have a little
trust in your mentors as well, talk to them, mail them, get in touch and see how they can help
you!

Our Legacy - Our Students
Rank Rank Rank Rank Rank
3 4 5 6 7
Mr. Dibyaranjan Panigrahi Mr. Somya Atre Mr. Aniket Singh Mr. Shrey Shashank Ms. Shubhangi
RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21
8 9 10 11 12
Mr. Nishant Yadav Mr. Monic Abhishek Ms. Rishitha Reddy Mr. Baddeli Chandrakanth Ms. Aditi Tayal
14 16 17 19 21
Mr. Parimal S Athaley Ms. Suchana Ghosh Ms. Alka Mishra Mr. Shubham Singh Mr. Ashutosh Dwivedi
23 24 25 27 28
Mr. Ashish Krishna Mr. Prithviraj Harish Mr. Srinjoy Guha Mr. Prashant Kothule Mr. Arun Sharma
30 31 33 35 36
Mr. Ajil G Ms. Rinki Goswami Mr. Ankit Bhardwaj Ms. Aparajita Ms. Shikha Lal
37 39 40 41 42
Ms. Resmarani Sahoo Mr. Krishna Murthy Katti Mr. Veerella Ravichandra Mr. Rahul Reghu K Mr. Swaroop Varghese

44 46 47 49 50
Mr. Vivek Bharati Mr. Alvin Roy Aliath Ms. Ankita Puwar Mr. Akhilesh Kumar Singh Mr. Ramakrishna Nalla
Mr. Amaljith Krishnan Mr. Aman Yadav Mr. Hitesh Arun Ganvir Ms. Namitha Mr. Rajendra Kanishetty
Mr. Ravi Kumar Ms. Shreya Kain Mr. Krishna Kumar Mr. Sourav Saha Ms. Sunantha
Ms. Tamanna Bansal Mr. Vivek Mittal Mr. Aman Choudhary Ms. Ila Sahu Ms. Ojaswi Dale
Mr. Ryan Varghese Ms. Snigdha Mr. Shourya Sharma Ms. SrishtiI Dabas Ms. Twinkle Dahiya
Mr. Vaibhav Nayer Ms. Anchal Gupta Mr. Gagan Dahiya Mr. Gautam Mr. Jatin Kamble
Mr. Pravin Bhagat Mr. Pushkar Mr. Rajiv K T Mr. Richard Mr. Swapnil Kashyap

What RBI Toppers have to Say About Us




Who We Are
It was the year 2016 when Mr. Anchit Garg and Mr. Deepak Garg, our co-founders, came up with
the vision to provide a quality content and a much-needed mentorship to the students who are
preparing for regulatory bodies' exams. With this vision, they also had a crystal clear WHY of
that vision; “to create a nurturing ecosystem for the aspirants, so that they can feel safe,
guided and mentored". As of this moment in time, every member of our team looks back at the
initial reason for starting EduTap and appreciates that we are living up to our creed - because
every other aspect of what we do helps us achieve our ultimate goal. Yes, this is not achievable
in its entirety but, the point is we try. The point is we aspire. The point is we take the above
statement as our compass that guides our thoughts, behaviour and actions. The whole point is
we feel inspired to come to work and feel fulfilled at the end of the day that we did all we could,
with everything we got to 'try' and achieve the ideal. We at EduTap live by this value statement.
We strive for this ideal. We work towards this aim. Everyday. Each day.
What Makes Us Different?

Our student-centric services, we do not deny the fact that content is in abundance in the
market, but we at EduTap promise (read it pledge) to give you the best services. We very
patiently acknowledge the problems of the aspirants (even if they are not our paid subscribers)
and try to resolve them to the maximum possible extent.
Mr. Anchit Mr. Deepak

Garg Garg
Co-Founder Co-Founder

RBI Grade B 2024 Guide Book - EduTap

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

RBI Grade B 2024 Guide Book - EduTap

Uploaded by

Copyright:

Available Formats

Table

About RBI Manager

Resources to prepare for RBI Grade B Exam

Our 6 step formula to become an RBI Manager

Copyright 2023 @ EduTap Learning Solutions

• Brief history of RBI

• What are the functions of RBI?

• What are the departments in RBI?

• What is the hierarchy in RBI?

• Advantages of working with RBI over other sectors

• After clearing the RBI Grade B exam, what will be

About Reserve Bank Of India

RBI is responsible for regulating the nation's financial

The Bank is headed by the governor who is appointed

RBI is responsible only for printing the currency notes.

What is the history of RBI?

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

RBI acted as the central bank for two countries,

What are the functions of RBI?

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

Role of RBI in the Indian Economy:

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

What are the departments in RBI?

Major Departments in RBI and their Working in Brief:

• Department of Economic and Policy • FinTech Department: FinTech is being

• Department of Government and Bank • Internal Debt Management Department:

• Department of Statistics and • Risk Monitoring Department: Its major

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

What is the hierarchy in RBI?

Governor Deputy Executive

Principal Chief Chief General General

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

Advantages of working with RBI over other sectors

How is the work-life balance at RBI?

◦ What are the working hours?

A er clearing the RBI Grade B exam, what will be your

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

About RBI Manager

Stages of the RBI Grade B Exam

Phase 1 Phase 2 Interview

What is the pattern of the examination?

Sectional Timing: 25 Minutes Sectional Timing: 45 Minutes

No. of Questions: 30 No. of Questions: 30

• Total Marks - 200 • Negative marking - 1/4th for every wrong

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

• Finance & Management -

• Descriptive English - 100% Descriptive

What is the eligibility? Age Relaxation

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

Phase 2 & Final Cut-Off

Category & Cut-Off Marks

General OBC SC ST EWS PwBD

Aggregate cut – off

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

General Awareness 6.25

Total Score/ Aggregate

Phase 2 & Final Cut-Off

Category & Cut-Off Marks

Aggregate cut – off

www.edutap.co.in +91 81462 07241 hello@edutap.co.in

General Awareness 16 10.25

Total Score/ Aggregate

◦ Cut-off for the year 2019:

Phase 2 & Final Cut-Off