RBI Grade B Exam 2019: Eligibility | Dates | Pattern | Syllabus

Last updated on 5 Jan, 2019 | 0 comments

RBI Grade B Exam

Reserve Bank of India (RBI) conducts the RBI Grade B Officer Exam every year.

This article on RBI Grade B Exam 2019 will provide insight about the exam pattern, its syllabus, eligibility criteria, salaries drew by the officers and obviously the dates connected with the Exam.

Reserve Bank of India conducts this exam to select eligible candidates for the position of Grade B officer in its various branches all across the country.

RBI conducts Grade B examination to recruit Officers under three categories viz.

A) RBI Grade B (DR) – General
B) RBI Grade B (DR) – DEPR (Department of Economic Policy and Research)
C) RBI Grade B (DR) – DSIM (Department of Statistics and Information Management)

As Reserve Bank of India offers an excellent pay scale of around 12-14 lacs per annum and reputed job profile which lures thousands of candidates every year to take this examination.

RBI Grade B 2019 Exam Dates

The important dates for RBI Grade B Officer Exam 2019 are given below.

EventDate
Announcement of Official notificationMay 2019
Release of online application formMay 2019
Online Payment of Application Fees / Intimation Charges:May 2019
Commencement of Phase-I examJune 2019
Commencement of Phase-II examJuly 2019
Interview ProcessAugust 2019
Declaration of Final resultTo be notified

**Note: The above-mentioned dates are tentative and may vary a little.

RBI Grade B Officers Job Profile

Reserve Bank of India has two types of offices- one is Central Office and the other is Regional Offices. It consists of different offices. So, the job profiles of the RBI Grade B officers differ in many ways.

Most of the Departments engage their Officers in desk jobs, while a few departments give you outside exposure. Normally an RBI Grade B Officer is expected to do the following type of works in their positions:

  • Managing government and other bank accounts
  • Design guidelines for various Public Sector Banks
  • Issue and circulation of currency
  • Regulating the monetary policies of India
  • Assuring and maintaining financial stability etc.

An Officer recruited under RBI Grade B (DR) – DEPR, primarily undertakes economic analysis and research and policy formulation, apart from the compilation of data relating to select sectors.

While an Officer recruited under RBI Grade B (DR) – DSIM, undertake collection, compilation, analysis and interpretation of data on banking, corporate and external sectors; Modelling and forecasting of inflation, growth and other important macroeconomic indicators; Analytical studies involving statistical/econometric models in the operational areas of interest to the Reserve Bank; Planning, designing and organizing sample surveys; maintaining technology-driven centralized reporting system and Data warehouse for information management/dissemination; and Development of methodology for the measurement and estimation of variables and improvement of the database of various sectors of the economy.

Click Here to Download Notification of RBI Grade B 2018

RBI Grade B Exam Eligibility Criteria

To be eligible for appearing in the RBI Grade B Exam, a candidate must be eligible on multiple grounds.

I. Nationality

A candidate must be either:-
(a) a citizen of India, or
(b) a subject of Nepal, or
(c) a subject of Bhutan, or
(d) a Tibetan refugee who came over to India before 1st January 1962 with the intention of permanently settling in India, or
(e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favor a certificate of eligibility has been issued by the Government of India.

II. Age Limits

a) The minimum age limit for candidates to apply is 21 years while the upper age limit is 30 years. For candidates with M.Phil. and Ph.D. qualifications, the upper age limit will be 32 and 34 years respectively.

b) For the candidates falling under different reserved categories have some relaxation in their upper age limit.

III. Educational Qualification

The following minimum educational qualifications are prescribed for different posts.

PostMinimum Educational Qualification
1. Officers in Grade ‘B’ (DR) – (General)At least 60% marks in aggregate for all semester/years (50% for SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations from recognized University and Boards respectively.
2. Officers in Grade ‘B’ (DR) – DEPRA Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade. SC/ST/PWD candidates are allowed a relaxation of 5%.
3. Officers in Grade ‘B’ (DR) – DSIMa) Essential: A Master’s Degree in Statistics/Mathematical Economics/ Mathematical Statistics/Statistics & Informatics/Econometrics from IIT-Kharagpur or Applied Statistics & Informatics from IIT-Bombay with at least 55% marks in aggregate of all semester/years or an equivalent grade; OR
b) Master’s Degree in Mathematics with at least 55% marks in aggregate of all semester/years and 1-year PG Diploma in Statistics or related subjects from reputed institute; OR
c) M. Stat. from Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters/years OR
d) PG Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with at least 55% marks in aggregate of all semesters/years or equivalent grade.
Note: For SC/ST/PWD candidates, the minimum marks required in Master’s Degree as in items a, b, c and d above is 50% in aggregate of all semesters/years or an equivalent grade.

 

IV. No. of Attempts

Candidates belonging to General Category, who have already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD, if the posts are reserved for them.

RBI Grade B Exam Pattern 2019

RBI Grade B 2019 Exam is conducted in three phases:

  • Phase-I exam
  • phase-II exam and
  • interview process

Candidates are required to clear all the three phases in order to get a confirmed post as a Grade B Officer in Reserve Bank of India.

A) RBI Grade B (DR)-General

Phase-I Exam Pattern- Online Examination (Objective Type)

Sl. No.Section AskedNo. of QuestionsMaximum MarksDuration
1.General Awareness8080Composite time of 2 hours
2.Quantitative Aptitude3030
3.English Language3030
4.Reasoning6060
Total200200

 

Phase-II Exam Pattern- Online Examination

The Phase-II online Examination will be conducted only for the candidates who are shortlisted on the basis of results of Phase-I.

Paper No.Section AskedPaper TypeMax. MarksDuration
IEconomics and Social IssuesObjective Type10090 min.
IIEnglish (Writing Skills)Descriptive (to be typed with the help of the keyboard)10090 min.
IIIFinance and ManagementObjective10090 min.

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

RBI Grade B Officer Interview Process

Candidates will be shortlisted for the interview, based on aggregate marks obtained in Paper-I, Paper-II and Paper-III of Phase II exam. Interview Process will carry 50 marks.

B) RBI Grade B (DR)-DEPR/DSIM

Paper  No.PaperPaper TypeMax. MarksDuration
IEconomics/StatisticsObjective Type100120 min.
IIEconomics/StatisticsDescriptive (Answers to be written on paper to questions displayed on the computer screen)100180 min.
IIIEnglishDescriptive (Answers need to be typed on a computer screen)10090 min.

Candidates, who secure minimum aggregate marks in Paper I, as prescribed, will be shortlisted for Paper-II/ Paper III of the examination based on the marks obtained in Paper-I. The minimum aggregate cut-off marks for being shortlisted for Paper II and Paper III of the examination will be decided by the Board in relation to the number of vacancies.

The number of candidates to be called for interview will be decided by the Board. Final selection will be on the basis of performance in the written examination and interview taken together.

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RBI Grade B Exam Syllabus 2019

A) RBI Grade B (DR)-General Syllabus:

The Phase-I examination of RBI Grade B (DR)- General exam 2019 will comprise of Reasoning Ability, Quantitative Aptitude, English Language and General Awareness.

Phase-I Exam

Here is the detailed syllabus:

ReasoningQuantitative AbilityEnglish LanguageGeneral Awareness
Logical ReasoningSimplificationReading ComprehensionCurrent Affairs
Alphanumeric SeriesProfit & LossCloze TestIndian Financial Systems
Ranking/Direction/Alphabet TestMixtures &AlligationsPara jumblesIndian Banking Systems
Data SufficiencySimple Interest & Compound Interest & Surds & IndicesMiscellaneousMonetary Plans
Coded InequalitiesWork & TimeFill in the blanksNational Institutions
Seating ArrangementTime & DistanceMultiple Meaning /Error SpottingBanking Terms
PuzzleMensuration – Cylinder, Cone, SphereParagraph Completion
TabulationData Interpretation
SyllogismRatio & Proportion, Percentage
Blood RelationsNumber Systems
Input OutputSequence & Series
Coding DecodingPermutation, Combination &Probability

 

Phase-II Exam

The Phase-II Examination of RBI Grade B exam 2019 constitutes of 3 sections: Economic & Social Issues, Finance and Management.

The complete syllabus is discussed below:

SubjectSyllabus
Economic & Social IssuesGrowth and Development, Economic Reforms in India, Globalization, Social Structure in India.
FinanceFinancial System, Financial Markets, Risk Management, Basics of Derivatives, Development in Financial Sector, Union Budget, Inflation.
ManagementRole of Manager, Human Resource Development, Motivation, Morale and Incentives, Communication, Corporate Governance.

Apart from the above mentioned three sections in Exam, an additional section of English (Writing Skills) is also present through which a candidate is tested on his/her writing skills.

B) RBI Grade B (DR)-DEPR Syllabus

(i) Standard of papers on Economics would be that of Master’s Degree examination in Economics at any Central University in India.

(ii) Syllabus for English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

C) RBI Grade B (DR)-DSIM Syllabus

Standard of papers would be that of Master’s Degree examination of any Central University in India.

Paper-I: Questions would cover Probability: Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis and Stochastic Processes.

Paper-II: Questions would cover (i) Probability and Sampling, (ii) Linear Models and Economic Statistics, (iii) Statistical Inference: Estimation, Testing of hypothesis and Nonparametric Test, (iv) Stochastic Processes, (v) Multivariate analysis and (vi) Numerical Analysis and Basic Computer Techniques. There will be sufficient choice for candidates to attempt the required number of questions from any three or more of the above six groups.

Paper-III: English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

RBI Grade B Salary: Pay Scale and Allowances

RBI Grade B Officers enjoy a very lucrative salary. Currently, the starting basic pay for such an officer is Rs. 35,150 which may increase up to Rs. 63000 (approx).

In addition to the basic pay, the Officers also get multiple emoluments such as

  1. Dearness Allowance
  2. Local Allowance
  3. House Rent Allowance
  4. Family Allowance
  5. Grade Allowance etc.

An officer selected under RBI Grade B exam gets a gross salary (includes everything) of Rs. 12-14 lacs per annum.

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Conclusion

The overall level of RBI Grade B exam is on a higher side when compared with other bank exams. You should have a proper study plan in place while preparing for this exam.

Overall and sectional strategy for this exam will eventually help you score better.

If you wish to prepare for RBI Grade B exam properly, especially in a simulated environment as that of the actual exam, attempting mock tests for the same is a must.

There are numerous platforms and coaching institutions that are providing mock test series for both Phase I and Phase II. So, All the Best and prepare well.