RBI Grade B 2018: Books and Tips for Preparation! (Phase I and II)

The RBI Grade B 2018 Prelim is set to be conducted on 16th August 2108. The Mains exam will follow on 7th September 2018. Without wasting any time candidates must review their preparation and ensure all recommended sources of preparation for RBI Grade B 2018 have been covered by them.

This guide combines tips from Ex-RBI Grade Manager Mr. Susheel Ragade and other successful candidates’ recommendations. Find below a detailed analysis of how candidates must prepare for RBI Grade B Prelims and Mains exam. Books to be referred to have also been enlisted.

Prelim Examination (Phase I) Preparation for RBI Grade B(DR)- General

Pattern
Mode: Online
Type: Objective
Total Marks: 200
Cutoff: Sectional as well as Aggregate
Negative Marking: Yes, 0.25 marks per wrong answer are deducted

Detailed Exam Pattern and Structure is given below and will be updated with final breakup as per Information Handout:

Sr. No.
Section
No. of Questions (tentative)
Maximum Marks (tentative )
Duration
1. General Awareness 80 80 Composite time of 2 hours
2. Quantitative Aptitude 30 30
3. English Language 30 30
4. Reasoning 60 60
Total 200 200


Syllabus 

Though RBI only gives broad classification of sections, the syllabus for the prelims can be broken up into section-wise sub-topics. Here is a detailed view of the syllabus based on past year questions and other banking exams.

Reasoning
Quantitative Ability
English Language
General Awareness
Logical Reasoning Simplification Reading Comprehension Current Affairs
Alphanumeric Series Profit & Loss Cloze Test Indian Financial Systems
Ranking/Direction/Alphabet Test Mixtures &Alligations Para jumbles Indian Banking Systems
Data Sufficiency Simple Interest & Compound Interest & Surds & Indices Miscellaneous Monetary Plans
Coded Inequalities Work & Time Fill in the blanks National Institutions
Seating Arrangement Time & Distance Multiple Meaning /Error Spotting Banking Terms
Puzzle Mensuration – Cylinder, Cone, Sphere Paragraph Completion
Tabulation Data Interpretation
Syllogism Ratio & Proportion, Percentage
Blood Relations Number Systems
Input Output Sequence & Series
Coding Decoding Permutation, Combination &Probability


Books/Sources

Section Book/Reference
Quantitative Aptitude Quantum CAT by Sarvesh Verma
Reasoning Logical Reasoning by Arun Sharma, Verbal and Non-Verbal Reasoning by R.S. Aggarwal
English Language  English is Easy BSC Publication (for beginners), Verbal Ability by Arun Sharma (for Scoring)
General Awareness Business Standard and The Hindu (Jan 2018 onwards)
India Yearbook, Magazines like Yojana and Kurukshetra should supplement the above

Tip: For all sections except GA, solve previous years RBI Grade B and SBI PO Pre and Mains question papers.


Main Examination(Phase II) Preparation for RBI Grade B(DR)- General

Pattern
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.

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


Syllabus and References

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.
Book List by Mr. Susheel Ragade:
  • 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.

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