How to Prepare RBI Grade B 2022 - Books, Syllabus and Notes

RBI has released Notification for RBI Grade B Exam 2022. Learn How to Prepare RBI Grade B 2022. Important Books, Syllabus, New Pattern and Cut off. RBI has revised the recruitment process of Officers in Grade-'B'. RBI Grade B Recruitment Exam basically consists of 3 Phases, which are Phase 1, Phase 2 and Interview. Know more about RBI Grade B Syllabus and exam pattern for Prelims & Mains Exams 2022.

RBI Grade B 2022 : Phase- I (Objective Type)

This will comprise a single Paper for 200 marks. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also.

The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method. (If the examination is held in more than one session, the scores across various sessions will be equated following IBPS’ standard practice to adjust for slight differences in difficulty level of different test batteries used across sessions.)

RBI Grade B 2022 : Phase-II online Examination

The Phase-II online Examination will be conducted on April 1, 2021 only for the candidates who are shortlisted on the basis of results of Phase-I and based on the cut-off decided by the Board. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts.

Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:

@For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each). In case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, candidate answers more than 4 questions in descriptive, first 4 shall be evaluated.

NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

RBI Grade B 2022 : Word Limit for Descriptive Questions

RBI Grade B 2022 : Interview

Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 75 marks.

RBI Grade B 2022 : Psychometric Test

Candidate shall be required to undergo Psychometric Test conducted by the Bank before appearing for the Interview. No marks will be allotted for the same and this will not form part of the final selection criteria. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase II examination and interview and grace marks as applicable as per extant rules.

[Read About] What is the new exam pattern of the RBI Grade B exam

RBI Grade B Officer Exam : Salary & Perks

Pay Scale : Selected Candidates will draw a starting basic pay of Rs. 35,150/- p.m. in the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local allowance, House Rent Allowance, Family allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs. 75,831/-(approx.)

RBI Grade B Officer Exam : Prelim Exam Syllabus

Economic and Social Issues - Syllabus & Important Chapters

Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.

Indian Economy – Economic History of India - Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 – Priorities and recommendations of Economic Survey and Union Budget – Indian Money and Financial Markets: Linkages with the economy – Role of Indian banks and Reserve Bank in the development process - Public Finance - Political Economy - Industrial Developments in India- Indian Agriculture - Services sector in India.

Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation; International Economic Issues

Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice: Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

Suggested reference material : Books

If you are complete beginner and have no prior knowledge of Economics and Finance then i would recommend you to start with NCERT and spend some time to learn the basic.

NCERT Class - 10. Understanding Economic Development

NCERT Class - 11. Indian Economic Development

NCERT Class - 12. Introductory Macroeconomics

Indian Economy : Ramesh Singh

Indian Economy : Vivek Singh

[Read About] How to Prepare Economics and Social Issue

Finance and Management New Syllabus : RBI Grade B 2022

(I) Finance

a) Financial System

1. Regulators of Banks and Financial Institutions

2. Reserve Bank of India- functions and conduct of monetary policy

3. Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing landscape of banking sector.

4. Impact of the Global Financial Crisis of 2007-08 and the Indian response

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

3. Global financial markets and International Banking – broad trends and latest developments.

4. Financial Inclusion

5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership

6. Corporate Governance in Banking Sector, role of e-governance in addressing issues of corruption and inefficiency in the government sector.

7. The Union Budget – Concepts, approach and broad trends

8. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends; striking a balance between inflation and growth through monetary and fiscal policies.

9. FinTech

Suggested reference material:

Indian Financial System - Bharti Pathak
Financial system: FAQ sections of SIDBI, NABARD, EXIM etc., websites, RBI website FAQ, Current affairs capsules
Major financial newspapers
RBI Annual Report, Report on Trend and Progress of Banking in India, etc.
Economic Survey
Material sourced from RBI website

(II) Management:

Fundamentals of Management & Organizational Behavior: 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 behavior; Personality: meaning, factors affecting personality, Big five model of personality; concept of reinforcement; Perception: concept, perceptual errors. Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two factor theory) & Process theories (Adams equity theory, Vrooms expectancy theory).

Leadership: Concept, Theories (Trait, Behavioral, Contingency, Charismatic, Transactional and Transformational Leadership; Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict; Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organizational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).

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.

Books for Management

Introduction of Management by Stephen P Robins
Summery Sheer by EduTap (Free Available in Telegram Channel)
Principles of Management by L.M. Prasad

Ethics at the Workplace and Corporate Governance:

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

Books for Management

Fernando A.C.: Business Ethics – An Indian Perspective.
Crane Andrew & Matten Dirk: Business Ethics
Ghosh B N: Business Ethics & Corporate Governance

[Read About] How to Prepare Finance and Management

[Read About] RBI Grade B 2022 - Suggested Books and Its Important Chapters

Download RBI Grade B 2019 Books & Study Materials

RBI Grade B is one of the most important banking exams of the country, which provides an opportunity to work for India's Central Bank, the Reserve Bank of India. Here is the list of section-wise important books for RBI Grade B exam, which will help you all in the overall preparation of this exam.

Economy Books

Economics Compendium by Disha Publication - Download

Indian Economy by Sanjiv Verma - Download

Indian Economy by Ramesh Singh (9th Edition) - Download

Indian Economy Notes by Sriram IAS - Download

The Gist of NCERT Indian Economy by Kalinjar Publication - Download

Objective ESI by Ramesh Singh - Download