How to Get Set Go for RBI Grade B Exam in 2020

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Working for the Reserve Bank of India (RBI) is the most conceived dream of Indians, and to crack the RBI exam, candidates prepare for months. One such exam is the RBI Grade B exam, which is an open-competitive examination conducted by RBI.


This article will uncover all the details of RBI Officers Grade B entrance exam, including the exam dates, eligibility, exam pattern, exam syllabus, along with some preparation tips and FAQs.


RBI Grade B Exam Pattern


RBI Grade B exam is conducted in three stages:


  1. RBI Grade B Phase-I


Subject


Total Number of Questions

Maximum Marks



General Awareness


80

80



English Language


30

30



Quantitative Aptitude


30

30



Reasoning Ability


60

60



Total


200

200



Exam Duration



2 Hours



Exam Language



English and Hindi



  1. RBI Grade B Phase-II

Candidates who clear the Phase I are eligible to attempt the Phase II exam.



Subject


Type of QuestionsMaximum Marks

Duration


(In minutes)



Economic and Social Issues


Objective100

90



English Language


Descriptive100

90



Finance and Management


Objective100

90



Exam Duration



1.5 hours for each paper



Exam Language



English and Hindi



  1. Final Interview Round

After clearing the Phase II exam, candidates will be shortlisted for the interview round, which will be of 50 marks. Once the interview round is clear, the final selection round is done through the merit list (comprising Phase II marks and final round marks).





RBI Grade B Syllabus


Below is the detailed RBI Grade B exam syllabus


 


RBI Grade Phase I Syllabus



General Awareness


English LanguageQuantitative Aptitude

Reasoning Ability



Current Affairs


Spotting ErrorQuadratic Equation

Puzzle Test and Inequality



Banking & Financial


Reading ComprehensionNumber Series

Seating Arrangement Linear Arrangement



Static GK


Cloze TestData Interpretation

Syllogism and Data Sufficiency



Economic News


Para jumblesMiscellaneous Questions

Input-Output Logical / Analytical Reasoning Coding-Decoding



RBI Grade Phase II Syllabus


  1. Topics covered under “Economic and Social Issues”-

  • Economic Issues
  • Social Issues


  1. Topics covered under “English”-

It is a descriptive paper that covers questions to check the writing skills of the candidates.


  1. Topics covered under “Finance and Management” –

It includes basic to moderate finance and management related questions.


RBI Grade B 2020 Application Fee



Category



Application Fees



GEN/OBC



Rs. 850


(Application fees + intimation charges)



SC/ST/PWD



Rs. 100


(Only intimation charges)



RBI Grade B Eligibility Criteria


RBI Grade B exam had defined the below-mentioned criteria:


Nationality


A candidate appearing for the exam must be:


  • Citizen of India, or
  • A subject of Nepal or Bhutan, or
  • Tibetan refugee permanently settled in India (before January 1, 1962), or
  • An Indian origin candidate migrated to permanently settle in India from countries – Pakistan, Burma, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam


Age Limit


  • Candidate must be between the age of 21 to 30
  • Upper age limit for candidates having M.Phil. qualification is 32 years and for Ph.D. qualification candidates, it is 34 years
  • Age limit for the reserved candidate is as per the norms defined by the Government of India


Qualification


Post

Minimum Qualification


Officers in Grade ‘B’ (DR) – (General)Minimum 60% marks in aggregate (50% for SC/ST/PWD) or an equivalent grade in bachelor’s degree, and 


12th and 10th exams


RBI Grade B Exam Centers



RBI Grade B Phase I Exam Centers



Andaman & Nicobar


(Port Blair)


Andhra Pradesh & Telangana 


(Guntur, Narasaraopet, Hyderabad, Rangareddy-Kodada, Karimnagar, Warangal, Rajahmundry, Kakinada, Tirupati, Chittoor, Vijaywada, Kanchikacherla, Gudlavalleru, Eluru, Vishakhapatnam, Vizianagaram)


Arunachal Pradesh


(Itanagar, Naharlagun city)



Assam


(Dibrugarh, Guwahati, Jorhat, Silchar)


Bihar 


(Bhagalpur, Muzaffarpur, Patna)


Chandigarh


(Chandigarh)



Chattisgarh


(Raipur, Bhilai)


Daman & Diu 


(Jamnagar)


Goa


(Varna)



Gujarat


(Ahmedabad, Gandhi Nagar, Bhavnagar, Jamnagar, Rajkot, Surat, Vadodara)


Haryana 


(Hissar, Karnal, Rohtak)


Himachal Pradesh


(Dharamsala, Shimla)



Jammu & Kashmir


(Jammu)


Jharkhand 


(Bokaro, Dhanbad, Jamshedpur, Ranchi)


Karnataka


(Belgaum, Bagalkot, Bengaluru, Chikkaballapur, Kolar, Tumkur, Gulbarga, Bidar, Hubli, Dharwad, Haliyal, Gadag, Mangalore, Mysore, Mandya, Udipi)



Kerala


(Kannur, Kasargod, Kochi, Alappuzha, Kottayam, Pathanamthitta, Kozhikode, Malappuram, Thrichur, Palakkad, Thiruvananthapuram, Kollam and Nagercoil)


Lakshadweep 


(Kavaratti)


Madhya Pradesh


(Bhopal, Gwalior, Indore, Jabalpur)



Maharashtra


(Aurangabad, Kolhapur, Mumbai, Navi Mumbai, Thane, Nagpur, Nasik, Pune, Solapur)


Manipur 


(Imphal)


Meghalaya


(Shillong)



Mizoram


(Aizawl)


Nagaland 


(Kohima)


New Delhi


(Delhi NCR)



Orissa


(Balasore, Berhampur (Ganjam), Bhubaneswar, Cuttack, Sambalpur)


Puducherry 


(Cuddalore, Villupuram)


Punjab


(Amritsar, Bhatinda, Jalandhar, Ludhiana, Mohali, Patiala)



Rajasthan


(Ajmer, Jaipur, Jodhpur, Kota, Udaipur)


Sikkim 


(Gangtok, Bardang City)

Tamilnadu 


(Chennai, Vellore, Coimbatore, Erode, Tirupur, Madurai, Virudhunagar, Dindigul Salem, Namakkal, Tiruchirapalli, Perambalur, Pudukottai, Thanjavur, Tirunelveli, Kanyakumari, Tuticorin)

Tripura 


(Agartala)

Uttar Pradesh 


(Agra, Allahabad, Bareilly, Gorakhpur, Kanpur, Lucknow, Meerut, Varanasi)


Uttarakhand


(Dehradun, Haldwani, Nainital, Roorkee City)



West Bengal


(Berhampore (WB), Durgapur, Kolkata, Greater Kolkata, Howrah, Hooghly, Kalyani, Siliguri)




RBI Grade B Phase II Exam Centers



Ahmedabad


Bengaluru

Bhubaneswar



Bhopal


Kolkata

Chandigarh



Chennai


Guwahati

Hyderabad



Jaipur


Jammu

Kanpur



Kochi


Lucknow

Mumbai



Nagpur


New Delhi

Patna



Pune



Thiruvananthapuram



 


RBI Grade B Exam FAQs


 


Q1. How to prepare for RBI Grade B Exam?


Ans. Cracking the RBI Grade B exam requires the right strategy. Some of the right preparation tips are:


  • Read everything in detail about RBI and give special attention to its key functions.
  • Deeply understand the RBI syllabus and point out your strengths and weaknesses in every subject.
  • Keep an eye on economic issues, finance industry movements, and current affairs.
  • Take as many RBI grade B previous exam papers and mock tests.
  • Prepare a plan for attempting the number of questions. For example for phase I, you can plan:
    • English – Target 25 questions within 18 minutes
    • GA – Try to attempt 65-75 questions in 20 minutes
    • QA – Solve 15 questions in 20 minutes
    • Reasoning – At least try to solve 35 questions in 25-30 minutes

  • Do not panic and simply take questions that you are confident about.


Q2. What is RBI Grade B officer salary?


Ans. RBI offers attractive remuneration, perks, and benefits. Below is the RBI Grade B officer salary break up:


  • Basic salary – Rs. 35,150/ pm
  • In hand salary – Rs. 67,933 (including all benefits and perks)


Q3. Is the RBI Grade B exam more difficult than UPSC Civil exams?


Ans. Both the exams are different and require a different set of mind for preparation. The RBI Grade B exam level is moderate and thus requires preparations accordingly. But it is not as tough as UPSC civil exams because:


  • RBI Grade B exam has only 1 descriptive paper whereas IAS has around 9 descriptive papers.
  • In the RBI exam, candidates must keep a check on 1-2 years of current affairs whereas, in IAS, no specific year is targeted.
  • Only knowledge of finance and economics is required in the RBI exam, but the IAS exam requires knowledge of all states, cultures, history, etc.


Q4. How many retakes can I take for the RBI Grade B exam?


Ans. A candidate (general category) can take the exam up to 6 times (maximum) however, there is no such bound for OBC and other category candidates.


Q5. Is RBI Grade B exam has negative marks policy?


Ans. Yes, for every incorrect answer, 0.25 marks are deducted.


Q6. I am a final year student; can I apply for the exam?


Ans. The RBI Grade B application form requires the marks of graduation and thus, one can only apply after clearing graduation.


About the Author

Pratibha Roy

Pratibha Roy

A content specialist by profession, Pratibha has four+ years of experience in writing engaging articles and blogs. She strongly believes in the power of words and equips new ideas with the motive of imparting comprehensive knowledge to the readers. When away from work, she loves reading books with a cup of hot coffee in hand.