RBI Grade B 2024 Simplified: Notification, Exam Date, Cut off, Syllabus

RBI Grade B 2024 Simplified: RBI Grade B 2024 Recruitment notification is expected in the month of March - April 2024 and Exam could be held in the month of May - June 2024 (tentatively). Learn How to Prepare RBI Gr. B 2024, Syllabus, Books, Exam Pattern, Previous Year RBI Grade B Exam Cut off for Phase I, Phase II and Final Cut off. 

RBI Grade B 2024 Notification can be expected in the month of March - April 2024 and exam could be held in May - June 2024. Through this Article, we are simplifying the whole RBI Grade B Exam Process including RBI Grade B Exam Pattern, Syllabus, Previous Year Cut off, Books and Study Plan. Read the whole Article you will understand each and everything.

RBI Grade B 2024 Exam Date: RBI Grade B 2024 notification will be out in March - April 2024 (tentatively) exams will be conducted in the month of May - June 2024. Any kind of confirmed updates will be only available after the final result for RBI Grade B 2023 Exam is out, so wait for further updates. 

RBI Grade B 2024: Selection Procedure

RBI Grade B exam has three phases namely,

• Phase 1: Prelims,
• Phase 2: Mains, and
• Phase 3: Interview round.

Candidates are required to clear all three phases to get a confirmed post as a Grade B Officer in the Reserve Bank of India. The Final merit list will be based on candidates’ performance in the main exam and interview round.

RBI Grade B 2024 Phase - I Exam Pattern

RBI Grade B Phase I is the primary screening process and hence, the score will not be added for the RBI Grade B Selection process. In the phase I exam, the aspirants have to answer objective-type questions. The exam will be conducted online.

RBI Grade B 2024 Exam Pattern for Phase-II 

The Phase-II exam is an objective and descriptive type of online exam. The obtained score from this phase will be added for the RBI Grade B Final selection process. More precisely, the final RBI Grade B Cutoff will be prepared based on Phase-II and the interview score.

RBI Grade B 2024 Exam Pattern: Interview (Phase-III)

• Based on the aggregate score obtained in the Main exam (Paper-I +Paper-II +Paper-III), candidates will be invited for the interview round.
• RBI will decide the minimum cut-off which must be cleared by candidates in order to be shortlisted for the Interview round.
• Reserve Bank of India will publish the RBI Grade B result in a PDF format containing the roll number of candidates shortlisted for the interview.
• Candidates will receive interview call letters on their registered email ID.
• RBI Grade B Interview round will be 75 marks.
• Candidates can choose the medium for interview amongst Hindi or English languages.
• Final Selection will be based on the candidate's performance in the Phase-II examination and interview.

RBI Grade B 2023 Phase I Cut off 

RBI Grade B Cut Off Marks Comparison for Phase 2 and Interview

RBI Grade B 2024: Prelim Exam Syllabus

Reasoning Ability	Quantitative Aptitude	English Language
Seating Arrangement - Linear, Circular, Rectangular, Parallel, Uncertain, some facing Inside Out and Some facing North-South Puzzle: Floor and Flat, Box, Scheduling (Days, Months, Year based), Category Based, Ranking Based, Blood Relation based, comparison based, Designation based Critical Reasoning: Argument – strengthening and wakening, Course of Action, Cause-Effect, Inference and Implicit based Questions. Other Topics: Syllogism and Reverse Syllogism, Input-Output, New Pattern Coding Decoding, Coded Inequality, Blood Relation, Direction Sense	Data Interpretation: Line, Bar, Pie, Table, Mixed, Missing Graphs and Caselets (Paragraph based DI) Data Sufficiency Calculation Based: Approximation, Number Series (Next, Wrong, Missing and Double series), Quadratic Equation, Quantitative Inequality Arithmetic: Average, Ratio-Proportion, Profit and Loss, Percentage, Partnership, Mixture and Allegation, Time and Work, Time and Distance, Permutation and Combination and Probability etc;	Reading Comprehension Cloze Test Para Jumble (Old and New Pattern) Sentence Completion (Table Based) Sentence Improvement Sentence Connector Vocabulary and Idioms Based Question Some new pattern Questions Introduced by IBPS in recent exams.

How to Prepare General Awareness for RBI Grade B

In RBI Grade B 2021, 2022 and 2023, 60% of Phase 1 current affairs questions and almost 100% of Phase 2 current affairs questions were from 4 sources: 

• PIB releases 
• RBI press release 
• SEBI press release 
• Reports and Indices. 

In simple terms you need to understand that GA in phase I is not GA, its basically 40-50% Economic and Social Issue and 20% Finance of RBI Grade B Phase II syllabus, same applies in NABARD Grade A as in that exam too, Economics and Social Issue, Agriculture and Rural Development, apart from General Awareness contains many questions from above four sections. These are high "Return on investment" (ROI) current affairs.  

Read About GA Preparation In Detail: Click Here

RBI Grade B 2024: Quant and Reasoning

All those who are only preparing for RBI Grade B and not other bank exams can follow this for Quant and Reasoning Ability. As you know, without scoring sufficient marks (Sectional cutoff or at least 15% to 25% of marks), you can't give Phase II and can't realize the dream of becoming an RBI Grade B officer if RBI continues with this exam pattern and level of questions. No matter how good you are in Phase II subjects, if you don't get a chance to attempt them, then how could you show your knowledge?

For QRE, or Only Quant and Reasoning, there are two ways, and most people are confused about which way to follow; some are suggesting CAT Exam books, some are Bank PO Mains, etc.; many people have many suggestions, and in the same way, I'm also sharing one way that may work, and I would also give you the logic behind it.

See, most of the CAT books, either Quantum CAT, Objective Arithmetic, Arun Sharma, Gautam Puri, or Nishit K. Sinha, can help you with covering the basics, but it may not be the case that similar pattern-based questions would be asked in the exam as books are for different purposes. These are the best books, but for RBI Grade B Prelim, I don't think you should follow them if you are not going to give Bank PO, SSC, CAT, etc., and the only purpose is to clear the sectional cutoff of RBI Grade B Prelim.

What to do?

Buy a mock test like Olive or PM, or get the Bank PO Mains Level DI and Questions booklet (PDF) based on the latest pattern and latest edition (Checklist something).  I would suggest mock tests, as they keep getting updated based on the latest trends.

Step I: Make a list of Topics that need to be covered, watch this video for this https://youtu.be/wCjMgeNI57A (Don't leave the puzzle and at the same time try to master 2-3 types from where questions always come, like floor, flat, scheduling, circular, etc., whichever you find easy, but also learn the concepts of other types; may be some easier questions come from those types). Similarly, you also need not leave DI; this year, one DI in both shifts was doable, and maybe that's why the sectional cutoff didn't go down, but don't be selective in DI; learn all types and master a few types.

Step 2: Now watch videos of Bank PO Prelims, Mains Level Puzzles, DI, etc. There are some very good Educators in this domain, like Mains DI playlist on Learning Capsule by Harshal Agarwal, Studified by Ashish Arora, Banking Chronicle by Ankush Lamba, Meenakshi ma'am on Guidely (I haven't watched, some people's recommendations), Veteran, Career Definer and also the Team AVP, etc. If needed, you can enroll in their classes; most teachers are on Unacademy these days, although I'm not sure.

Step 3: After learning the concept and solving some Level 1 and 2 PO Prelim level questions from the PDF, Daily Check List (Ashish Arora), or sectional Mock, you need to increase your level to solve advanced level questions to get ready for the RBI Grade B Prelim exam. For this mains level Mock test, and here with attempting, you don't think about marks but rather attempt it, submit it, and then solve all the questions. Initially, it may take 30 minutes to solve a puzzle, but you don't need to lose patience or think negatively of yourself, because I know people who didn't know the difference between a PM and a President initially, but later went on to clear the topmost exams. Just be consistent, and your only aim should be to learn and practice as much, so that you can clear the sectional cutoff.

RBI Grade B 2024 Syllabus: Economics and Social Issue

Units and Sections	Topics under Units and Sections
Growth and Development	Measurement of growth - GDP, GNP, NDP, NNP 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 Economic reforms Since 1991 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
Budget and Economic Survey	Recommendation of Latest Budget and Economic Survey of 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

RBI Grade B 2024 Syllabus: Finance

Units and Sections	Topics under Units and Sections
RBI and Its Functions	Reserve Bank of India- Functions and conduct of monetary policy
Regulators of Financial Sector and All India Financial Institution	Regulators of Banks and Financial Institutions: RBI, SEBI, IRDAI, PFRDA, IBBI, NFRA, IFSCA, NCLT, SAT All India Financial Institution: NHBs, EXIM Bank, NABARD, NaBDFI, SIDBI
Banking System in India	Structure and concerns
Financial Markets	Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
General Topics	Impact of the Global Financial Crisis of 2007-08 and the Indian response Risk Management in Banking Sector Basics of Derivatives Financial Inclusion Alternate source of finance: private and social cost-benefit, Public-Private Partnership Corporate Governance in Banking Sector Role of e-governance in addressing issues of corruption and inefficiency in the government sector FinTech WPI, CPI - components and trends
Current Affairs Based Topics	RBI Annual Report, Report on Trend and Progress of Banking in India, etc. Material sourced from RBI website - Speech, Notification, Circulars and MPC Details etc Global financial markets and International Banking – broad trends and latest developments Changing landscape of banking sector The Union Budget – Concepts, approach and broad trends

RBI Grade B 2024 Syllabus: Management, Ethics and Corporate Governance

Units and Sections	Topics under Units and Sections
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	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 and Importance Theories - Trait, Behavioral, Contingency, Charismatic, Transactional and Transformational Leadership
Organization and Organization Development	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
Ethics	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

What changes must be brought in the RBI grade B preparation after the new pattern?

Change in Mindset – It is no more a 3-month preparation examination. It is a job at the Central Bank, it is a serious business. However, some commentators previous termed it as 3–6-month preparation examination. Start with your graduation or as early as possible.

Study in detail – Since the examination is no more a guess work anymore, you need to start studying in detail. you need to know details like facts, numbers and also reasons and history of any particular news items. While studying any news or related item make short pointers Importance, Reason, Advantages, Consequences, Challenges, Steps from Govt in this direction and what can be the possible way forward. It helps in building opinions and revision.

Develop reading habit – For this, follow quality websites like the Business Line, Business Standard, Live Mint, centralbanking.com, and also read some books not related to your preparation but related to Indian banking/finance industry. It helps in developing interest around the job you are aspiring. Plus, only if you are a good reader then only you can be a good writer.

Typing Answer or Articles – Start writing or rather typing. You need to match your thinking speed with your tying speed (Yeah, it important). This can only happen if you practice. Many of the youngsters are not used to keyboard typing and this can negatively impact their chances. Another reason for typing is to test yourself.

• Don’t keep it pending for the last three months, or to get “right topics” to answer. You shall start it “right now”, start writing summaries or critical analysis of anything you get on the internet/newspaper. It will only and only improve your ability to tackle questions “which you haven’t studied” in the exam.
• Don’t really wait for the assessment of your written answers from experts or coaching centers, use your friends, put it in telegram groups for open assessment. Accept the criticism and build on it.

Profile building – If you are sitting at home and doing nothing except preparation. It would be better to do any online course.

Courses - You should join online course only when you have made significant progress in your preparation and you have clarity about RBI Grade B Exam.

RBI Grade B 2024: 5 Step Process for Newcomers

It's a normal human tendency that whenever we come across something really good, it feels tempting to ace that new thing. You can understand it through this example: when you have a crush on some girl or guy, you want him or her at any cost. The same applies here as well.
 
Don't only day dream about becoming RBI officer rather you will have to understand that the journey to reach RBI is very daunting and it is full of ups and down, you will have consistently prepare for it for next 6-8 months; you can't clear RBI Grade B 2024 by only thinking about it or by buying some or many courses, or by downloading pdfs from all over the telegram.
 
You will have to follow the step-by-step process, and jumping any step will only take you away from your destination.
 
What are the suggestions?
 
Step 1: Self-understanding of the exam (Knowing What to do): You will have to create your own understanding of the whole exam process. I always say competitive exams rented knowledge se clear nai hota. The moment you have an understanding of the exam, you will start relating it to many things, and things will become easier for you. 
 
Step 2: Figuring out about sources (How to do it): If you ask 10 people, 7 will tell you about completely different sources, and many times they haven't even read anything from those sources; they are recommending them because someone recommended these to them or they heard about them from someone else. Also, Every institute claims their course is the best, Including me, but you will have to figure out if you really need coaching or if you can do it by self-study, or what type of content you want, like whether you need videos to study or if you can cover it through non-videos (PDFs only), and what are the best 1-2 books that could be utilized per subject. What are the sources of current affairs, programs, etc.?
 
Step 3: Planning (When to read what?): This part is very important; once you figure out sources, you don't need to collect PDFs or any random materials. You just need to stick to whatever you have decided. In this step, you need to plan your day according to the time available to you. Don't just jump to Summary or notes pdfs; they limit your scope of learning. Exams have evolved; you wouldn't be able to write answers by reading summary PDFs.

Step 4: Execution, Analysis, and Modification: This is the most difficult stage, as here you will have to chase down your crush (RBI). Remember, no plan is perfect; you will have to analyze your performance every 15 days or on a monthly basis to see if whatever you have decided is something you are able to complete as well as how much learning you have had in that duration.

Step 5: Don't Run Behind exams; First get ready for them. You have 6-8 months for next exam, a well consistent preparation will make you ready for it, otherwise the story will be same. 

"Consistency is the Key to success" 

What are the Books and Study Materials needed for RBI Grade B 2024 Phase I Exam

Subjects	Books
English Language	Ace English Language Book by Adda247 or English Simplified by Oliveboard. Do more reading in English, if you are weak in this section Sectional Mock test and Practice Quiz can also help.
Reasoning Ability	Puzzle by Ankush Lamba, Puneet Sharma and Puzzle Book by Oliveboard Use the YouTube videos of above educators to learn concepts. Attempt Sectional and Full Length Mock Test after learning basics of doing practice.
Quantitative Aptitude	Data Interpretation Book by Adda247 or Oliveboard Quant Check List and Monthly magazine by Ashish Arora, freely available on his telegram channel.

Books and Study Materials for RBI Grade B Phase II

• Economics - Indian Economy by Vivek Singh
• Finance - M Y Khan and RBI FAQ
• Management - L M Prasad,  Summary Sheet or Search Topics like Emotional Intelligence, Organization  on Google 
• Ethics and Corporate Governance - Summary Sheet and Search Google to make notes.

Apart from these you don't need anything, your motto should be limited source and unlimited revision.

RBI Grade B : Chapters from Indian Economy by Vivek Singh

• Fundamental of Macroeconomy
• Money and Banking (Finance Syllabus)
• Money and Banking Part - II (Finance Syllabus)
• Government Budgeting (Union Budget)
• Indian Economy (1947-91) - Few Topics like Economics reforms need to be covered
• Inclusive Growth and Issues
• International Organization
• Infrastructure and Investment Model (Finance)
• Terminology

Frequently Asked Questions:

Q. When is RBI Grade B 2024 Recruitment Notification Expected?

Ans: RBI Grade B 2024 notification will be out in March - April 2024 (tentatively) exams will be conducted in the month of May - June 2024. Any kind of confirmed updates will be only available after the final result for RBI Grade B 2023 Exam is out, so wait for further updates. 

Q. When is RBI Grade B 2024 Exam Expected?

Ans: RBI Grade B 2024 Exam could be expected in the month of May - June 2024.

Q. What is the syllabus of RBI Grade B? 

Ans: RBI Grade B exam is conducted in three phases which includes two phase of written test. It has diverse syllabus covering Quantitative Aptitude, Reasoning Ability, English Language, General Awareness, Economics, Social Issue, Programs and Policies, Finance, Accounting, Management, Ethics and Corporate governance.

Q. Is there any negative marking in the RBI Grade B exam? 

Ans: Yes 1/4 Marks will be deducted for every wrong answer in Phase I as well as Objective section of Phase II Exam.

Q. What type of questions are asked in the mains exam? 

Ans: RBI Grade B Phase II Exam is mixed of both Objective and Descriptive Answer writing.

Q. Which books are best for RBI Grade B 2024 Exam?

Ans: RBI Grade B 2024 Need focused and consistent preparation of six and you need to go through multiple books covering different sections of exam such as books for  Quantitative Aptitude, Reasoning Ability, English Language, General Awareness, Economics, Social Issue, Programs and Policies, Finance, Accounting, Management, Ethics and Corporate governance.

Q. How to prepare for RBI Grade B 2024 exam? 

Ans: Preparation of RBI Grade B 2024 is a four step path which has been distinctively discussed in this article. You can read and follow these steps to clear it in your first attempt.

RBI Grade B 2024 Course Updates: -

On the similar trends with NABARD Grade A, we will launch 3 courses for RBI Grade B 2024 from 2nd October 2023 (Gandhi Jayanti), Registration for it will commence from first week of September.

✅ 3 Course Names: -

I. PIB and ESI Current Affairs - October to Till Phase II Exam - Rs.749/- Click Here to Buy Now

II. 35+ Phase II Mock Tests covering Objective (5+5) and Descriptive (10+10+5) Parts (PIB Summary included) - Rs. 1499/- Click Here to Buy Now

III. RBI Grade B 2024 Guidance and Mentorship Non-Video Course (It covers everything for phase II exam including PIB Summary, Mock test as mentioned in course I and II, provides guidance and support till Interview stage) - Rs.2499/- Click Here to Buy Now

Q. When will the course Start?

Ans: It will start from 2nd October 2023 and registration for it will start from 1st September 2023.

Q. What will be provided under the course?

Ans: It will cover whole Phase II Exam syllabus and total 6-7 Booklets/Compendium for ESI, FM, Schemes, Descriptive Model Answer, Mains Exam Fodder Materials based on Latest Topics will be provided. Apart from this you will also receive monthly PIB and ESI Current Affairs PDF, Weekly Newspaper Summary for Current Affairs Portion. Mock test for Phase II Will be also provided which will cover both Objective and Descriptive Section.

Features of the Course:

• Personal Mentorship till Phase III Exam 2024.
• 6-7 Booklets/Compendium Covering Phase II Syllabus of ESI, FM, Schemes, Descriptive Model Answer, Mains Exam Fodder Materials based on Latest Topics
• Monthly PIB and ESI Current Affairs PDF.
• Weekly Newspaper Summary.
• 35+ Phase II Mock Test covering All three Papers (Objective and Descriptive)
• Your progress will be tracked regularly through Google meet and call to bring consistency in your preparation.
• A dedicated a telegram group will also be created to provide a discussion forum and quick support to your general queries.
• All RBI Courses access will be provided (If some new initiative like Mock Test for Phase I General Awareness will be launched for RBI grade B 2024, then you will automatically get the access.)

Download this Article in PDF: RBI Grade B 2024 Simplified PDF

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Join Telegram Group for RBI Grade B 2023

Must Buy - Monthly PIB Summary and Analysis Compilation for RBI, NABARD

Also Read - What is the new exam pattern of the RBI Grade B exam

Also Read - List of Important Books for NABARD Grade A 2023

Also Read: LiFE Movement- Lifestyle for the Environment

Thank You, Wishing you the best.