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RBI Grade B Syllabus & Exam Pattern 2024, Check Subject Wise Topics In Detail

Every year, lakhs of individuals fill out the application forms intending to join RBI as a Grade B Officer. The Reserve Bank of India initiates the recruitment process to fill out three posts of General, Department of Economic & Policy Research (DEPR) and Department of Statistics and Information Management (DSIM). This examination aims to identify candidates with strong analytical, quantitative and decision making skills well as as a deep understanding of economic and financial concepts. This article delivers the Syllabus and Exam Pattern for the RBI Grade B 2024 examination. It outlines the subjects and topics they need to cover to excel in the examination

RBI Grade B Syllabus & Exam Pattern 2024

Here’s an overview of the RBI Grade B Syllabus and Exam Pattern in a table format:

RBI Grade B Syllabus 2024
Exam Conducting Body Reserve Bank of India
Exam Name RBI Grade B
Category Syllabus
Mode of Exam Online
Selection Process Phase 1 (Objective), Phase 2 (Descriptive), Phase 3 (Interview)
Negative Marking 0.25 marks (in objective type)
Language of Paper English and Hindi
Official Website rbi.org.in

RBI Grade B Exam Pattern 2024

Aspirants have to go through some major subjects such as Quantitative Aptitude, Reasoning Ability, English Language and General Awareness. Moreover, the RBI Grade B Exam Pattern vary for posts like General (DR), DSIM and DEPR. Check out the complete RBI Grade B Syllabus and Exam Pattern for General (DR), DEPR, and DSIM in the given article.

RBI Grade B Exam Pattern for General (DR)

The RBI Grade B Exam Pattern is generally given in the detailed RBI Grade B Notification.  Here the candidates can check the detailed RBI Grade B Exam Pattern for all the stages of the examination. As mentioned above the RBI Grade B Exam has three stages for General (DR). Here is the detailed RBI Grade B Exam Pattern.

RBI Grade B Phase 1 Exam Pattern

Here is the detailed exam pattern for Phase I of the RBI Grade B Exam 2024.

  1. The RBI Grade B Phase 1 exam consists of a total of 200 questions, with each question carrying one mark.
  2. The maximum mark possible in the exam is 200 Marks.
  3. Candidates are given a total of 120 minutes or 2 hours to complete the exam.
  4. There is a negative marking of 0.25 marks for every incorrect answer marked by the candidate.
  5. The exam also has a sectional cut-off for each section of the exam, and candidates will have to clear both sectional cut-offs as well as the overall cut-off to qualify for the next stage.
RBI Grade B Exam Pattern For Phase 1
Name Of The Section No. Of Questions  Marks Duration
English Language 30 30 25 Minutes
General Awareness 80 80 25 Minutes
Quantitative Aptitude 30 30 25 Minutes
Reasoning 60 60 45 Minutes
Total 200 200 120 Minutes

Note- The marks scored by candidates in the RBI Grade B Phase 1 exam will not be considered in the final merit list. The merit list will be based on the marks scored by candidates in the Phase 2 exam and the interview round.

RBI Grade B Phase 2 Exam Pattern

The exam pattern of the RBI Grade B exam is both objective and descriptive. Candidates can check the RBI Grade B Phase 2 exam pattern from the table provided below.

RBI Grade B Exam Pattern For Phase 2
Name Of Paper Type Of Paper Time No. Of Qs Marks
Paper-I:
Economic and Social Issues
50% Objective 30 Minutes 30 Objective Questions 50
50% Descriptive 90 Minutes 4 Descriptive Questions 50
Paper-II:
English (Writing Skills)
Descriptive 90 Minutes 3 100
Paper-III:
General Finance & Management
50% Objective 120 Minutes 30 Objective Questions 50
50% Descriptive  4 Descriptive Questions 50

RBI Grade B Exam Pattern for DEPR

  1. The process for selecting candidates for RBI Grade B (DR)- DEPR involves an Online/Written Examination and an Interview.
  2. In Phase I, Paper I is Objective Type (on Economics), while Paper II is Descriptive Type (on English). In Phase II, Paper I & Paper II are Descriptive Types (on Economics).
  3. Candidates must score the minimum aggregate marks in Paper I, II of Phase I, to be shortlisted for Paper II Exam.
  4. The final selection will be based on the candidate’s performance in Phase I, II, and the Interview round. The Interview round will carry 75 marks.
RBI Grade B Exam Pattern For DEPR
Phase  Name Of Paper Duration Maximum Marks
Phase I Paper – I Objective Type (on Economics)

Paper – II English – Descriptive
(To be typed with the help of a keyboard)

120 Minutes 100
120 Minutes 100
Phase II Paper – I Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)

Paper – II Descriptive Type (on Economics) (Question paper displayed on the computer, answers to be written on paper)

120 Minutes 100
120 Minutes 100
Total 400

RBI Grade B Exam Pattern For DSIM

  1. The process for selecting candidates for RBI Grade B (DR)- DSIM involves an Online/Written Examination and an Interview.
  2. The Examination consists of three papers. Paper I is Objective Type (on Statistics), while Paper II and III are descriptive types.
  3. Candidates must score the minimum aggregate marks in Paper I as prescribed, to be shortlisted for Paper II/III based on their Paper I scores.
  4. The final selection will be based on the candidate’s performance in Paper I, II & III, and the Interview round. The Interview round will be carried for 75 marks.
RBI Grade B Exam Pattern for DSIM
Paper Duration Marks
Phase I Paper-I Statistics (Objective Type) 120 minutes 100
Phase II Paper-II Statistics (Descriptive Type)

(Question paper displayed on a computer, answers to be written on paper)

180 minutes 100
Paper-III English (Descriptive)
(To be typed with the help of a keyboard)
90 minutes 100
 Total 300

RBI Grade B Syllabus for DR (General)

RBI Grade B Syllabus 2024 for Phase 1 has four subjects. You can access here the section-wise syllabus for RBI Grade B.

  1. English Language
  2. General Awareness
  3. Quantitative Aptitude
  4. Reasoning Ability

RBI Grade B Phase I Syllabus For General (DR)

RBI Grade B Syllabus 2024 for Phase I General (DR) comprises a total of four sections: English Language, Reasoning Ability, Quantitative Aptitude, and General Awareness. Here is the detailed RBI Grade B Syllabus topic-wise distribution for the phase 1 exam.

RBI Grade B Syllabus For Phase I General (DR)
English Language Reasoning Ability Quantitative Aptitude General Awareness
Reading Comprehension Puzzles Data Interpretation Indian Banking Systems
Cloze Test Seating Arrangements Inequalities (Quadratic Equations) Indian Financial Systems
Fillers Direction Sense Number Series Govt. Schemes and Policies
Error Detection Blood Relation Approximation or Simplification Current Affairs
Vocabulary based questions Syllogism Data Sufficiency Static Awareness
Sentence Improvement Order and Ranking Miscellaneous Arithmetic Problems Monetary Plans
Jumbled Paragraph Coding-Decoding Quantity Comparison (Q1 & Q2) National Institutions
Phrase Replacement/ Phrase Correction Machine Input-Output Banking Terms
Match The Column Inequalities
Word Swap Alpha-Numeric-Symbol Series
Word Rearrangement Data Sufficiency
Idioms Logical Reasoning (Passage Inference, Statement,
Assumption, Conclusion, Argument)
Paragraph /Sentences Restatement
Paragraph Based Questions
Paragraph Fillers

RBI Grade B Phase II Syllabus For General (DR)

In the Phase 2 exam of the RBI Grade B officer, there are 3 Papers viz.

  • Paper I (Economic and Social Issues)
  • Paper II (English Writing Skills)
  • Paper III (General Finance and Management)

We have shared the detailed updated RBI Grade B Syllabus for Phase 2.

RBI Grade B Syllabus For Phase II Paper 1 General (DR): Economic and Social Issues

The detailed topic-wise syllabus for RBI Grade B Phase 2 Paper I for Economic and Social Issues is provided below:

Syllabus For Economic and Social Issues

Category Key Topics
Growth & Development National Income & Per Capita Income
Poverty Alleviation & Employment
Sustainable Development & Environment
Economic Landscape Economic History
Industrial & Labor Policy Changes
Monetary & Fiscal Policy (Post-1991 Reforms)
Economic Survey & Union Budget Priorities
Financial System Money & Financial Markets
Role of Banks & Reserve Bank of India
Public Finance
Political Economy’s Influence
Economic Sectors Industrial Developments
Importance of Agriculture
Services Sector Growth
Globalization Opening Up of Indian Economy
Balance of Payments Explained
Export-Import Policy
International Economic Institutions (IMF, World Bank, WTO)
Regional Economic Cooperation & International Issues
Social Structure India’s Multiculturalism
Demographic Trends & Analysis
Urbanization & Migration Impact
Gender Issues & Social Justice

RBI Grade B Syllabus For Phase II Paper 2 General(DR): English Writing Skills

The RBI Grade B Syllabus 2024 for Phase 2 Paper II will be descriptive. The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic

RBI Grade B Syllabus For Phase II Paper 3 General(DR): General Finance and Management

The RBI Grade B Syllabus 2024 for Phase 2 and Paper III includes General Finance and Management. We have shared the detailed topic-wise syllabus for the convenience of the aspirants:

Syllabus For Finance and Management

Category Topics
Financial System Structure and Functions Of Financial Institutions
Functions Of the Reserve Bank of India
Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
Recent Developments in the Global Financial System and its Impact on the Indian Financial System
Role Of Information Technology in Banking and Finance
Non-Banking System
Developments in Digital Payments
Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), function, instruments, recent developments.
General Topics Financial Risk Management
Basics of Derivatives
Global financial markets and International Banking-broad trends and latest developments
Financial Inclusion
Alternate source of finance, private and social cost-benefit, Public-Private Partnership
Corporate Governance in the Banking Sector
The Union Budget – Concepts, approach and broad trends
Basics of Accounting and Financial Statements- Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI -components and trends; striking a balance between inflation and growth through monetary and fiscal policies.
 Management Fundamentals of Management & Organizational Behaviour
Introduction to management; Evolution of management thought
Management functions and Managerial roles
Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality, Big Five model of personality
Perception: concept, perceptual errors. Motivation: Concept, importance, Content theories and process theories
Leadership: Concept, Theories
Emotional Intelligence: Concept, Importance, Dimensions
Analysis of Interpersonal Relationship
Conflict: Concepts, Sources, Types, Management of conflict
Organizational Development (OD)
Ethics At The Workplace and Corporate Governance
Meaning of ethics, why ethical problems occur in business
Theories of ethics
Ethical principles in Business
Corporate Governance
Communication

RBI Grade B Syllabus for DEPR

The syllabus for RBI Grade B (DR) DEPR is as per the specialization. The syllabus pertains to core economics and is generally similar to the syllabus for a Master’s Degree in economics.

RBI Grade B Syllabus for DEPR
Category Topics
Financial System Structure and Functions Of Financial Institutions
Functions Of the Reserve Bank of India
Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
Recent Developments in the Global Financial System and its Impact on the Indian Financial System
Role Of Information Technology in Banking and Finance
Non-Banking System
Developments in Digital Payments
Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), function, instruments, recent developments.
General Topics Financial Risk Management
Basics of Derivatives
Global financial markets and International Banking-broad trends and latest developments
Financial Inclusion
Alternate source of finance, private and social cost-benefit, Public-Private Partnership
Corporate Governance in the Banking Sector
The Union Budget – Concepts, approach and broad trends
Basics of Accounting and Financial Statements- Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI -components and trends; striking a balance between inflation and growth through monetary and fiscal policies.
 Management Fundamentals of Management & Organizational Behaviour
Introduction to management; Evolution of management thought
Management functions and Managerial roles
Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality, Big Five model of personality
Perception: concept, perceptual errors. Motivation: Concept, importance, Content theories and process theories
Leadership: Concept, Theories
Emotional Intelligence: Concept, Importance, Dimensions
Analysis of Interpersonal Relationship
Conflict: Concepts, Sources, Types, Management of conflict
Organizational Development (OD)
Ethics At The Workplace and Corporate Governance
Meaning of ethics, why ethical problems occur in business
Theories of ethics
Ethical principles in Business
Corporate Governance
Communication

RBI Grade B Syllabus for DEPR

The syllabus for RBI Grade B (DR) DEPR is as per the specialization. The syllabus pertains to core economics and is generally similar to the syllabus for a Master’s Degree in economics.

Phase 1: Paper 1 Objective Type (on Economics)

Economics

Module Topics
Microeconomics Theories of consumer’s demand; Production; Market Structures and Pricing; Distribution; and Welfare Economics
Macroeconomics Theories of Employment, Output and Inflation; Monetary Economics; ISLM Model; Schools of Economic Thought
International Economics Theories of International Trade; Balance of Payments; Exchange Rate Models
Theories of Economic Growth Classical neo-classical approaches to economic growth and major theories of economic development
Public Finance Theories of taxation and public expenditure and Public Debt Management
Environmental Economics Green GDP, Environmental Valuation, Environmental policy instruments
Quantitative Methods in Economics Mathematical and Statistical Methods for Economics, Ordinary Least Square Regression
Current developments in the Indian Economy Growth, inflation, poverty, unemployment, financial sector developments, external sector developments, fiscal developments, agriculture, industry, infrastructure, and services

Phase 1: Paper 2 Descriptive Type (in English)

The English paper will evaluate the candidate’s writing abilities, including their expression and comprehension of the given topic.

Phase 2: Paper 1 Descriptive Type (on Economics)

Microeconomic Module

Microeconomic Module

Topic Description
Consumer Theory Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve Analysis, Price, Income and Substitution Effects, Game Theory
Production Theory Forms of Production function; Laws of Returns to Scale; Partial Equilibrium Vs General Equilibrium Analysis
Market Theory Pricing under different market structures
Distribution Theories Ricardo, Marx, Kalecki, and Kaldor
Welfare Economics Pareto Optimality, Schools of Welfare Thought including Arrow, Coase, and Sen

Macroeconomic Module

Macroeconomic Module

Topic Description
National Income Accounting Various methods for measurement of National Income
Theory of Employment and Output Classical and Neo-classical approaches, Keynesian theory of Employment and output, Post-Keynesian developments, Business Cycles
Inflation Types of Inflation, Philip’s curve, Taylor’s Rule, Lucas Critique
Money and Banking Quantity theory of Money, Neutrality of money, IS-LM Model and AD-AS Models, Money Multiplier, Monetary Policy
Theories of Economic Growth Theories of growth, Classical and neoclassical approaches, Theories of Economic Development
International trade and Balance of payments Theories of international trade, Determination of exchange rates, Impossible Trinity
Public Finance Theories of taxation, Theories of public expenditure, Theories of public debt management

Phase 2: Paper 2 Descriptive Type (on Economics)

Module on Quantitative Methods in Economics

Module on Quantitative Methods in Economics

Topic

Description

Mathematical Methods in Economics

Differentiation and Integration, Optimisation, Sets, Matrices, Linear algebra and Linear programming
Statistical Methods in Economics Measures of central tendency and dispersions, Probability, Time series, Index numbers.
Econometrics and advanced Applications Regression analysis, Panel data econometrics, Time Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/ Machine Learning

The module on Indian Economy – Policy and Trends

The module on Indian Economy – Policy and Trends

Topic

Description
Fiscal policy in India Evolution, scope and limitations, current trends
Monetary Policy in India Evolution, Functions of the Reserve Bank of India, MonetaryFiscal coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends
Banking and financial sector development in India Banks and other constituents of Indian financial markets and related developments, Current trends
Inflation in India Trends and drivers
External sector developments in India Exchange rate management, external debt, Balance of payments, Current trends

RBI Grade B Syllabus For DSIM

RBI Grade B Syllabus 2024 for DSIM comprises three papers: Paper 1, Paper 2, and Paper 3. Candidates aspiring for the RBI Grade B 2024 DSIM Posts must be familiar with the topics to be covered in each of the papers.

Paper 1

Paper 1

Module Topics
Probability and Sampling Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis, and Stochastic Processes

Paper 2

Questions would cover (i) Probability and Sampling, (ii) Linear Models and Economic Statistics, (iii) Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test, (iv) Stochastic Processes, (v) Multivariate analysis, (vi) Econometrics and time series, (vii) Statistical computing; and (viii) Data Science, Artificial Intelligence and Machine Learning Techniques.

Candidates will have ample options to answer the mandatory number of questions from a minimum of three out of the eight groups mentioned above. Here is the detailed syllabus for RBI Grade B Syllabus for DSIM.

Paper 2

Module Topics
Probability and Sampling Theory of Probability and Probability Distributions, Sampling Theory
Linear Models and Economic Statistics Simple linear regression, Multiple regression, Measurement of economic inequality
Statistical Inference Estimation, Testing of Hypothesis and Non-Parametric Test
Stochastic Processes Poisson Processes, Markov Chains, Brownian Motion
Multivariate Analysis Multivariate normal distribution, Canonical correlation analysis, Principal components analysis, Factor analysis and cluster analysis
Econometrics and Time Series General linear model, Autocorrelation, Simultaneous linear equations model, Box-Jenkins models, ARCH/GARCH models
Statistical computing Simulation techniques, Resampling methods, Robust linear regression, Neural Networks, Association Rules, Markov Chain Monte Carlo
Data Science, Artificial Intelligence and Machine Learning Techniques Supervised and unsupervised pattern classification, Regression and Classification algorithms, Neural Networks, Natural Language Processing

 

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Paper 3: English

The English paper will be designed to evaluate the candidate’s writing abilities, including their expression and comprehension of the given topic.

RBI Grade B Interview Round

The final stage of the recruitment process for RBI Grade B is Interview. Separate Interview Call Letter gets issued to the candidates who qualify for the online examination on their registered Email ID. Based on the number of vacancies the Board decides the minimum aggregate cut-off marks required to be shortlisted for Interview. The overall mark for which the interview is conducted is 75. For the RBI Grade B Interview Round, candidates have the option to choose either Hindi or English Language in which they are comfortable to appear.

Before the RBI Grade B Interview Round, candidates have to appear for the Personality Assessment. The Reserve Bank of India conducts the Personality Assessment just before the Interview for which no marks are allotted and which is also not a part of the final selection criteria.

RBI Grade B Selection Process 2024

The information on the RBI Grade B Selection Process 2024 is as important as the RBI Grade B Syllabus 2024 and Exam Pattern. Only after the candidates have clarity on selection can they truly understand the RBI Grade B Syllabus 2024 and exam pattern. Here is the detailed selection process for the RBI Grade B Exam.

RBI Grade B Selection Process 2024
Exam Stages General (DR) DEPR DSIM
Phase-I Phase – I – Online Examination Phase – I – Paper I & II Online Examination Phase – I – Paper I Online Examination
Phase-II Phase – II – Paper I, II & III Online Examination Phase – II – Paper I & II Written Examination Phase – II – Paper II & III Online/Written Examination
Interview Yes Yes Yes

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RBI Grade B Syllabus & Exam Pattern 2024, Check Subject Wise Topics In Detail_4.1RBI Grade B Syllabus varies for each specific posts of General (DR), DSIM and DEPR. Candidates can get the complete section-wise RBI Grade B Syllabus and exam pattern 2024 in the given article.

FAQs

Will the RBI Grade B Syllabus 2024 will vary for different posts?

Yes, the RBI Grade B Syllabus 2024 will vary as per the posts such as General (DR), DSIM and DEPR.

Is there will be negative marking in RBI Grade B Exam?

Yes, there will be negative marking in both the phases of RBI Grade B Exam.

What are the subjects covered in the RBI Grade B Syllabus 2024 for General(DR)?

The subjects covered in the RBI Grade B Syllabus 2024 for General(DR) are English Language, General Awareness, Reasoning Ability, etc.

Is there Interview in the RBI Grade B Exam 2024?

Yes, there is Interview in the RBI Grade B Exam 2024 for General (DR), DEPR, and DSIM Posts.