RBI Grade B Mains Preparation | How to Prepare to Get Selected

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Cracking the RBI Grade B exam is a dream of many students from all across the country. Now, like most other exams, RBI Grade B Exam consists of three stages – prelims, mains, and interview. In RBI Grade B, The mains exam is also known as Phase II. In the following post, we are going to take a look at how you can deal with RBI Grade B Mains Preparation. So, without much further ado, let us begin

RBI Grade B Mains Preparation – Understanding the Basics

Before we get down to the details of RBI Grade B Mains Preparation, we should first take a look at the exam pattern and some of the basic things about the exam

Quick Facts About the RBI Grade B Mains Preparation

Mode: Online
Type: Objective + Descriptive
Total Marks: 300
Cutoff: Sectional as well as Aggregate
Negative Marking: Yes, 0.25 marks per wrong answer are deducted in objective sections.

The exam pattern is given below:

Sr. No. Section Asked Paper Type Maximum Marks Duration
1. Economics and Social Issues Objective 100 90 minutes
2. Paper II English (Writing Skills) Descriptive (to be typed with the help of keyboard) 100 90 minutes
3. Paper III Finance & Management/Economics/Statistics Objective Type 100 90 minutes

RBI Grade B Mains Preparation – Knowing the Syllabus

When you are looking for RBI Grade B Mains Preparation, you should know about the syllabus. In the following table, we have listed the subject wise syllabus as well as the books you should study to cover the topics.

Subject Syllabus Official Suggested References (as per RBI Notification)
Economic & Social Issues Growth and Development
Measurement of growth: National Income and per capita income
Poverty Alleviation and Employment Generation in India Sustainable Development and Environmental issues
Economic Reforms in India
Industrial and Labour Policy
Monetary and Fiscal Policy
Role of Economic Planning
Liberalisation, Privatisation and Globalisation
Balance of Payments and Export-Import Policy
International Economic Institutions: IMF, World Bank, WTO, Regional Economic Co-operation
Social Structure in India – Multiculturalism, Demographic Trends, Urbanisation and Migration, Gender Issues
Social Justice : Positive Discrimination in favour of the under privileged, Social Movements
Indian Political System – Human Development
Social Sectors in India, Health and Education
Books:
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
Weekly/Monthly Magazines/Bulletins /Reports:
1. Economic and Political Weekly
2. Southern Economist
3. Yojana
4. Business India
5. RBI Bulletins
News Papers:
1. Economic Times
2. Hindu
3. Business Standard
Reports:
1. World Development Report
2. Economic Survey of India
Finance (a) Financial System:
Regulators of Banks and Financial Institutions; Reserve Bank of India- functions and conduct of monetary policy; Banking System in India; Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.(b)Financial Markets:
Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), Functions, Instruments, Recent Developments.(c) General Topics:
1. Risk Management in Banking Sector
2. Basics of Derivatives: Forward, Futures and Swap
3. Changing Landscape of Banking sector
4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
5. Financial Inclusion- use of technology
6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM)
9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.
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
e. Economic Growth and Development – Mayer and Baldwin
f. Major economic newspapers and Economic and Political Weekly
g. Public Finance – K K Andley and Sundaram
h. Financial Management -Prasanna Chandra
Management (a) Management:
Nature and scope; The Management Processes: Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation(b) Leadership:
The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.(c) Human Resource Development:
Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare.(d) Motivation, Morale and Incentives:
Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.(e) 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.(f) Corporate Governance:
Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
The questions on this section will be basic in nature. Details of books that can be referred are below.

Suggested Book List

  • ESI and Some portion of Finance: Ramesh Singh or Mishra Puri
  • Management: Essentials of Management by Koontz or Tripathi or S. P. Robbins/TN Chhabra- Organisational Theory
  • Finance Numericals : Prasanna Chandra or Rustogi
  • Subjective English : The Hindu And Indian Express Editorials reading.
  • Important Websites: RBI, SEBI, NABARD, PIB (About Us Page)
  • Magazines/Publications/Reports: Yojana, India Year Book, Economic Survey, Budget, RBI Reports.

RBI Grade B Mains Preparation – Subjectwise Preparation

Paper-I: Economic and Social Issues

The syllabus of this exam is not detailed, it only covers the basic topics. Some aspirants go for complicated books like Dutt and Sundaram for Economy. Well as basic economics book would do just fine. If you study the detail, you would only end up losing time. So always keep the syllabus in front of you and preparation should be topic wise.

Now the RBI Grade B Preparation can be divided into two stages – The Foundation and the Advanced Course.

Foundation:

  1. Basic understanding: sectors of the economy, the concept of money and development. Understand concepts like GDP, GNP, Public Debt, IIP, FII etc.
  2. Read Socialism, Communism, Capitalism, LPG (liberalization, globalization, and privatization), and Green Revolution etc.
  3. Finally, go for microeconomic concepts of supply and demand, elasticity etc. (without going too much in mathematical details)

Advanced

  1. Economic Reforms in India, Industrial and Labour Policy, Monetary, and Fiscal Policy Privatisation, Role of Economic Planning. Globalization, Opening up of the Indian Economy, Balance of Payments, Export-Import Policy.
  2. Go for B.A. (Economics) Booklets: They will help you cover various topics such as SEBI, Indian Economy Balance of Payments, and Export-Import Policy
  3. For International Economic Institutions – IMF and World Bank WTO-read IGNOU BA books

Paper III – Finance and Management:

  • Cover the financial section first and then move to management
  • Refer to the recommended books
  • Don’t go into the details
  • In Management, cover topics such as Leadership and HRD

These were some of the tips that you should follow for RBI Grade B Mains Preparation. For more information on banking exam preparation, keep browsing Topprnotes.