interview questions... just to help the people who will appear in future.... 1) why u wan to leave last job...u r earning good salary..why rbi. ( I opened my mouth wid usual drama..rbi is great blah blah..but sardarjee was trying to manipulate me to accept that I want to leave my last job becoz of stress..but I said I can handle stress...and maintained my ans that I need exposure and diversity which rbi can give. but sardar jee was clever indeed putting pressure on me to accept something which is not true. .... after my firm answer...sardar jee asked apart of rbi what exams u wrote...I said ssc-cgl and upsc( didnt want to hide upsc thing..becoz somewhere I read rbi panel asks that question when they are sure that candidate is studying for upsc) 2) favorite writer...I said .what u like about him..answered(but again cudnt give a good ans). 3)any other writer u like..(I told truth....jyada feka nahi..no specific writer..since I rarely read any books😆) 4)why global economy is down(said less demand.. forgot to mention china slow down) 5)how to know global import xport is down( I was not able to recall...but he gave 3 clues..then I answered , it is my profile based question) 6)how many licenses to small bank... why it is so important(said inclusion...etc etc but he was not satisfied.I surrendered by saying i dnt know ...) 7)basics of small bank...I said 100000 deposit limit...He corrected it is for payment bank. ( pata tha..fir bhi mistake kia) 8)present dollar rate( i said i dnt know..since I dnt know the exact rate) 9)FDI..FII 10) a queations based on that day's news paper latest. 11)pmjdy features.. told. but forgot to mention 5000 overdraft ..madame reminded. then she grilled..how to be eligible for that ( I thought for a second..cudnt remember...said I dnt know mam) 12)why MFI is imp( i said they have large customer base...financial inclusion..again he told i m missing an imp point...I said I m nt able to remember) 13) current forex reserve....answered, then it went up or down...I said went up. reason??? I said dnt know ( parh k gaya tha...but not able to recall) So My interview was full of many 'I dont know'... since my phase 2 was not very good... and interview was also below average... I think i m out of the race.
We all know that Sardarji is a cricket fanatic. He loves cricket more than his cute blue turban. So, if India wins today's match, finals will be on Sunday. He, being a true cricket enthusiast would want all of us to watch the match without any result tension. Pass ho ya fail ho, cricket toh banta hai.
So, if India wins today, he will make the whole RBISB work extra and will publish the results by 1st evening... Or, maybe for the first time in history, on a weekend.
So, if India wins today, expect the results on 1st, 2nd or 3rd morning. 😁 All hail Kohli.
I guess most of the people (including me of course), who have appeared for interview this year, are sweating like pigs right now due to tension of result.......I have never ever been so much tensed.....What suggestions you people have to stay calm...???..
Guys I'm an engineering graduate. I want to appear for RBI grade B this year. I have read Ramesh Singh and mrunal.org economy notes thoroughly. I have good command over quant and I am also preparing for Civil Service Exam. Considering this, can you guide me over my study plan? They say Uma kapila is must for RBI. Some others say Mishra puri and Dutt sundaram are better. I am planning to go for F&M as my optional. (don’t know how can I deal with that as I have zero knowledge of Mgmt) Can you suggest me what to read for both of these papers so that I can at least make it to interview... Which book to refer for Finance and specially Mgmt? I can fetch 10 hrs per day for studying. I have Ram Ahuja for social issues. Please give your suggestions. Thanks in advance ☺
Guys, it's very kind of you all to be sharing your interview experience. What would add value is if you could mention your interview marks in your interview post on PG once the scores are declared. Of course, it's up to your will whether to do it or not.
RBI Grade B interview
chairman: P- are you relative of sanjay bangar d cricketer? me-smiling ..no sir he is from pune n i am from mumbai..
p-have you given rbi grade b attempt b4?
(p stands for panel)
yes
p-what happen den?
sir couldnt clear pre
p-k
P-you have stated many hobbies....
p-which hobby you want to pursue in the future?
sir ,meditation
p-why this hobby ?
it makes person to think about himself
it makes union of body and mind as well as make person calm n in this stressful world it is useful it can be helpful in studying innerself
P-kk tell me ppl are trying to extrospect them n you are moving for introspect...what is the logic..
me- sir, its a personal choice.
p-now how you promote your hobby on facebook and other social media? have you joined any group?
me- swami vivekananda ..
P-kk.
Member 1: p-.what is inflation?
sir inflation is rise in the price of goods ....over the periods....or over anything like base year.. it can be measured in cpi..
p-is inflation needed for growth?how?
yes sir , inflation boost economy and then growth.
p-then tell me about the countries which are having low inflation growing or stagnated?
sir inflation is fruitful when it is in the range of 3 to 7 ..but after it is not so favourable and so on
p-(by interupting) how?
sir der r different types like runaway etc which is hampering the growth
p-but what about low inflation ,its about high inflation?
sir like dat if the inflation is low den less growth.
chaimen intervened and asked....... discussion about inflation went on finally he asked to conclude
me- sir, for growth inflation is needed..
p-how you know about economy as you r from other field? sir two years back i was knowing little about economy but once our governer became mr raghuram rajan i started following ..
p-so you follow raghuram rajan
yes sir
p-means he is ur role model?
yes sir
p-why?
sir i like his steadfastness in decision..
p-k ..then tell me the cpi of dec 2015?
5.3( the member was calculating or acting and finally said yes it is nearby)
Member 2:
p-what is a differentiated banks?
couldnt hear properly as voice is in south indian tone...so i mumbled like differentiated math??? den he again asked no no .not maths ..banks?
me-cooperative,NBFC etc..?( was guessing).
p-is NBFC bank?
no sir its a company comes under company act
p-den tell me differntiated?
at this moment i was recalling different types of banks like psb etc but he told is der new banks coming?
i got the answer directly told them small and payment banks..
p-yes yes right.. p-.what is difference between payment banks and other banks?
sir payment banks dont offer credit card also dont accept demand deposit etc.
p-why der is need of such banks?
sir to cater the different needs of different people.
p-can payment bank lend money?
sir i am not sure
p-tell me something?
sir if they accepting deposits from unorganised sector den when der is need they might lend.
p-are they lending to customer?
sorry sir i am not sure
p-dont tell not sure , be confident and tell me
i told yes...as dat was d situation i felt where decision is needed as not sure cant be followed by i dont know..:)
member started laughing but i was calm n little smile on face.
Member 3: p-tell me the difference between china and indias economy?current scenerio
sir nowdays India is getting more investment interuption.... p-is investment in china is lower than india?
no sir but India as emerging market is getting more investment..i red in news article dat even china wants to invest in india..
p-k.(expecting more)
sir also indian rupee is less fluctuating where as china is following yuan devalution so less stable.. dat member culdnt understand it properly so chairmen interupted n told ..he is talking about currency..
p-k..anything else sir india is having demographic dividend and our govt is also working on skilling the people like skill india focus etc.. so india will surpass the china in growth ... interrupted
p-who is growing faster china or india?
India.
Member 4: (this mam was very silent.....asked only one question..i felt like my mother was asking me a question)
p-what is the functions of rbi?
told all the functions very well..
den all members waited for chairmens nod... finally chairmen said thank you..
i also thanked and wished all members of makar sankranti.. every1 seems happy by this greet and thanked me...it was one of the nice moment ..i came out with smile on face .. I was the last candidate of the day ........interview went about 15 to 20 min.
dont know how it was but start and end was smooth for me like our indian university exams answers ...will c what happen..:)
all d best..and thank you..:-)
I am an engineering graduate from IIT Kharagpur. I did Masters in financial engineering. I was the third person to be interviewed that day. As soon as I entered M1 quipped that people go to IIM for MBA and you went to IIM for internship. I nodded sheepishly. Then I greeted everyone.
Chairman : what is financial engineering. I could not define financial engineering but I started with what the course was all about and what was the curriculum structure. But he cut me short and said that he wanted me to define financial Engineering which I wasn't able to. Then M1 asked me how to use financial engineering in a company? I told him that I can do the analysis of its balance sheet and look at it stock and determine its future prices. M1 again interjected and said that this can be done by any m com graduate. Then I told that at IIT we were taught the quantitative aspects of Finance very rigorously. To this the chairman said that where in India is finance not taught in a quantitative manner. I paused and then replied that it is just a name of a course.
Chairman : what is financial re-engineering and how can it be used in RBI? I answered satisfactorily.
M1 : you could have gone to investment banking why do you want to join RBI? I gave the usual answer. M1 : what was the role of financial engineers in the 2008 global financial crisis? I answered.
M1 : what was the 2008 global financial crisis? As a follow up question he asked why it cannot happen in India. Today's I initially told that are fundamentally strong we have SLR we have CRR but manager intervened and said that this is available in every other country What is so special? I replied that we have a professional institution like RBI managing our banking sector and our banks have good capital adequacy ratio. He seemed satisfied.
M2 : You qualified ACET exam so why didn't you take the other actuarial qualifying exams? I answered. But he prodded. So I told him that I will attempt the exams once I join the RBI. To this the whole room had a heart laugh : D
M2 : so you are a statistician. You have a good record in statistics. (thank you sir). Tell me what is inflation expectations. I was beginning to reply in lay man term. But then he asked me what is the statistical model behind inflation expectation. I told him that I am not able to recall it at the present moment.
M2 : what is deflation and what is inflation. Answered. What is more dangerous? Answered. Which countries are facing deflation and what are they doing to move out of it? Answered. Why is deflation more harmful tell me by an example. Answered. He seemed satisfied.
M3 : what are the currency management functions of RBI? Answered. What are the factors which RBI take into account to determine the amount of currency to be printed? Answered. what is counterfeiting currency is it law and order problem or the problem of RBI? Answered. Why do we blame Pakistan for all the oils that happen in India? Defended. Recently Pakistan allowed its cricket team to come for World T20 tournament. Appreciated the move. Over which he asked then why are you saying that relation between India and Pakistan are not normal? Defended. Then chairman asked dad like Hafiz Saeed in Pakistan Arnab Goswami in India also advocate Anti Pakistan stand so should he be prosecuted or not. Of course that was a stupid question and I defended my position well.
After this they told me that your interview is over and now you can leave
I think the interview must be over by now at Kolkata and so the countdown to the result begins!!!
Interview Experience...18th March Bhopal...
I entered d room wished every1 good morning and they asked me to sit,i said thank u...
Sardarji : So dance, group dance, how do u manage u r really tall ( such a weird ques)
Ans: Sir I've not learnt dancing, I m not a professional dancer, just that m a good dancer in my own right. ( said this to avoid any deep ques on dancing :-P) He said okkk that's good.
I had written in bio data that I want to join a group called Nirman.
Sardarji: These ppl r really famous abt their work. wht work do they do and wht model they apply.
Ans: Sir they work in d field of community health in d most backward district which is also a naxal area. (I was not sure abt their model but tried to ans something, he interrupted saying that is ok but u have been working in this etc etc..) I said sir I've just started to attend their activities and recently was part of a program encouraging organic farming. So its not just about community health.
Sardarji: Don't u think organic farming is just not viable, the soil has already turned so bad and v have so many hungry ppl.
Ans: Yes sir ur right. It will definitely take time but we need to start at some point. Green revolution started in Punjab n haryana n incidence of cancer has increased there so much, harmful chemicals in their soils going to their wells n their waters..so yes hunger is an issue but v need to start reviving soil before v devastate completely.
M1: So Nirman means creation. U r also talking same thing and Modiji also talking same- Make in India. Wht exactly we r doing in that?
Ans: I started saying something like using all our resources (human, etc) to build something something.....M1 interuppted : So is it only abt import substitution or v r also inviting foreign players?? I said yes sir of course we r inviting foreign players. Our PM is also going from country to country to sell d brand India etc etc..
M1: but y will they come here? wht will they get in India??
Me: Sir the world is grappling with lack of demand n slowdown. But we still have domestic demand and we r a bright spot in this era of slowdown. They nodded and sardarji asked for more but before I cud think n say, M1 asked next ques.
M1: U see they have so many complaints that they find it difficult to do business here. what r d constraints that FDI faces??
Me: sir we have long regulatory processes. licenses and approvals. ( nodded said yes and..)...Problems regarding land acquisition..(and...) i said retrospective taxation problems..(nodded n sardarji said yes correct point)...i said but d govt is working on that..
M2: RBI has a liquidity management framework..wht do u know abt that??
Ans: sir RBI has various tools using which it takes out or infuses liquidity like crr,SLR, OMOs..(forget to say repo)..he said omo very imp but crr SLR rarely used..repo is used frequently, I said yes sir...
M2: u must b knowing repo, i won't ask that..tell me wht is fixed rate repo n variable rate repo...(whtevr material I read did not cover this, shyaaaa)
Me: Sir, I've not read this directly but what I can think of it right now is that...repo is an agreement between buyer n seller....so if they have agreed to repurchase govt securities at a fixed interest rate it is fixed repo rate...if flexibility allowed in rate then...( lol :-P tukka mara but told them alrdy that I've not read this)
M2: (smiling n looking at other members) 1st one is right... then he started explaining n came to MSF...So do u know MSF?
Me: sir under MSF only 2% of NDTL can be given to banks to meet very short term n urgent liquidity mismatches...M2 said yes good... Then all simple questions..
M3: u must b knowing abt banking.wht is d diff between RBI n other commercial banks?? Answered well but while comparing I said "WE in RBI oh sorry I mean RBI".. they started murmering that I alrdy included myself in RBI..i started smiling,mam was also smiling..sir said its ok continue...
Cross question by M1, then wht r things that RBI can't do but other banks can?? Answered.
Sardarji was busy doing something, suddenly asked dont u read books?? I said (smilingly) sir till now I have only read academic books :-P ..But I've purchased a book recently. Which book?? Sir Banker to the Poor by Muhammad Yunus. they nodded.
F1: so u r from ETC branch. tell me how has technology evolved in banking? Answered starting from ATM , then NEFT, RTGS, Net banking..NFC technology..
M1 asked wht is NFC tech?? Answered satisfactorily.
Then said OK u can go. I said thank u all n have a nice day. they wished me back n I came out...I was happy when I came out but slowly realised my answers cud have been better. Fingers crossed.
Hi Guys,
Can anyone tell me how many candidates were called for interview for this year's 134 posts?
Last year when they published the selection list after final interview? Anyone has info?
So, the most discussed event grade b interview has been concluded today. It was a long event..now our fate is sealed in RBISB's data base...... luckiest 134 ( of course deserving too) will smile... as per my knowledge 2 candidates did not appear in interview.
For the people who made it to the interview with economics optional only
How much did you attempt (in terms of their weightage of questions out of 100)
- More than 80%
- 60 - 70%
- 50 - 60 %
- 70 - 80%
- Less than 50%
0 voters
Here is my interview transcript:
Place: New Delhi
Date 11 Feb
Panel had 5 members in my case.
I was the 7th person to be interviewed. Entered into the room and greeted everyone. Took my seat and there goes Sardarji(S) with an opening question
S:So you play harmonica.What is the name of company of the harmonica that you play?
Me: Answered. And Sardar ji pointed to M1 to start asking questions.
M1 was so delighted to see an economics optional guy and enquired as to what books I followed for preparing for the exam.
M1: Did you prepare the entire list of books given in the website?
Me: No Sir, Only few of those books. One for micro, one for macro, one for International, one for public etc.
M1:Are BoP and BoT the same?
Me:No sir , they are different.
M1:So tell me the difference between them.
Me: Answered
M1: What is the difference between volume of trade and direction of trade? How has it changed post LPG/1991?Do a comparative analysis.
Me: Started answering. In the meanwhile Sardarji interjected and said about cash crops. I was nodding my head as well as adding further points to what Sardarji and M1 were saying.
M1 Asked me another simple short question which I am not able to recall.
And then Sardarji pointed to M2.
M2: So you have written in the biodata that you have done various MOOCs(Massive open online courses).What are they? How do they function?Did you pursue them with any career oriented purpose?Were they free or paid?
Me: Gave the details of courses I had done and explained how MOOCs worked(EdX,MITx, coursera etc.)
M2: What do you expect from Budget this time?
Me: I was answering and brought this issue of infrastructure spending will be increased and as soon as i said this point, M2 asked me about NIIF, its corpus and whether it has been constituted or not. I gave its fullform, said it was being constituted in a PPP mode but not sure of its corpus amount.
M2: what are the stages that lead to Budget presentation.
Me: answered
M2: Who brings out the Economic Survey?
Me: answered
Sardarji pointer towards lady member(M3) to take on the interview.
M3: What will a chemical engineer from IIT-Bombay contribute to RBI?
Me: I said it was not purely out of my interest that I went to IIT. I wasnt aware of what i was going to become when i chose to give the JEE(which was in reality not the case). And I said that it was only through the exposure that I got in campus that i was able to diversify my thoughts and pursue what I was really interested in. I chose economics because it stuck in my head etc etc and said Milton Friedman was my role model. As soon as Sardarji heard this, he asked me to tell what type of policies Keynesian or Monetarist did India follow and asked me to differentiate the two
Me: Answered correctly according to me.....but Sardarji pointed out that I told the exact opposite. I was nervous as I thought how could I make such a silly mistake.
M3: So your dad works as AGM in SBI GITC Belapur. How different do you think is working in RBI as compared to commercial banks?She said " according to me RBI is a lazy job just counting the printed currency packs is all that you would have to to".
Me: I said all the positive points of RBI in order to prove that I was interested in a central bank and not a commercial bank.
Sardaji: So what do you think....which one is more challenging? RBI job or commercial bank job? If so, why?
Me: I took a stand that Rbi was a more challenging job, given the macroeconomic vulnerabilities from outside and also insufficient monetary transmission and NPA problem problems that commercial banks have to undergo, it is the RBI which will have to take the challenging task of making them follow RBI guidelines properly, without which they may work haphazardly in a way detrimental to the society at large.
Sardarji pointed to M4, but he refused to ask me any questions.
I was asked to leave after that. I thanked them all again and came out.
Still wondering why M4 refused me to ask any questions.
My Interview Transcript.
Name - Akand Sitra. Venue - Bangalore. Date - 18th Feb.
As soon as I entered, Sardarji asked, "Hmm, you are from IIT Madras and your name was mentioned in the 14th Finance Commission report?"
1) How did your name come in the 14th FC?
2) What were your recommendations to them?
3) What is the mandate of the Finance Commission? How was the tax share of states increased from 32% to 42%? From where is the 10% funded?
4) Another question on CSS and grants-in-aid.
5) How does the centre devolve and decentralise more cash.
6) Does the FC give recommendations for scheme specific tax share?
Then, Member 1 -
7) What ails agriculture? How can your Biotech help? (I did my BTech in Biotech)
8) Controversy of GM crops. More discussion and cross questions on this.
Then, Member 2 -
9) The second green revolution. Role of BT in it.
10) Cross questions on Land Reforms. Zamindari. Land Consolidation.
Then, Member 3 -
11) What ails Russian economy? Reasons.
12) More about oil trade of Russia.
13) Sanctions on Russia. More about Ukraine controversy and Crimea annexation.
Then, Member 4
14) Role of Karnataka in RBI. Talked about printing press in Mysore etc.
15) What are the functions of RBI?
Then, Lady Member
16) You listed down the functions right, which function did you like the most?
I replied, "Ma'am, as a lower level employee right now, most of my work would be inspecting banks, or general supervision, so my favorite function is Regulation of the Banking Sector and the Financial Markets. This will ensure that the banks will stay healthy and I will have a positive impact on all bank customers. As a higher level employee later, my favorite function would be the setting up of the Monetary policy, which would have economy-wide ramifications."
She smiled. I smiled. I turned to Sardarji. He also smiled. And then he asked me to leave. 15-17 mins tops.
Hope results will come by 4th April..
some1 posted dat out panel head is fan of cricket ...n he will wait till WC is over...now i dont see any reason to wait for..so bhai log b ready for result...:)
News Just In.
Sardarji is pissed that India lost... So, he booked ticket for Finals in Eden... Staying back in Kolkata to sledge against WI... Not coming to Mumbai...
Results postponed to April 7th...
Kal hi aajayega result as we lost the match. What if sardarjee is not in a mood to declare the same. Lets see all the best everyone