RBI Grade B Exam Pattern 2022- Check Phase I and Phase II Pattern & Eligibility

The Reserve Bank of India, or RBI, is the country's central bank. Every year, the organization holds recruitment exams to fill various positions. The exam is held to direct recruit RBI Officers Grade B in Combined Seniority Group (CSG) streams. For the RBI Officer Grade B exam, candidates must be between the ages of 21 and 30 years.

RBI Grade B 2022 exam has a three-phase selection process for Officer Grade B (General) and a two-phase selection process for Officer Grade B (DEPR/DSIM). For RBI Officer Grade B (General) candidates must clear Phase-I, Phase-II of the exam, and the final interview process. For RBI Officer Grade B (DEPR/DSIM) candidates must clear the online/written examination and the final interview process.

Candidates who pass all these selection procedures will be considered for the RBI Officer Grade B positions in its various branches all across the country. The RBI Officer Grade B Exam 2022 will be held online as a computer-based examination and offline as a descriptive (pen and paper mode).

Candidates who match the eligibility criteria can apply online using the official website for RBI Officer Grade B post.

To apply for the RBI Officer Grade B 2022 test, candidates must pay Rs. 850 for Gen/OBC candidates and Rs. 100 for SC/ST/PWD candidates. Below you will find more information on the RBI Officer Grade B 2022 exam application process, syllabus, exam pattern, vacancies, eligibility criteria, important dates, how to apply, and other details.

You can check All upcoming exams on the website Sarkaripariksha.com and attempt the daily quizzes, Live tests, and get the latest information on Daily current affairs based on current events.

Essential Educational Qualifications (as on 01-09-2021): 

A. RBI Officer Grade B (General)

Graduation in any discipline/professional qualification or equivalent technical with at least 60 percent marks (50 percent for SC/ST/PwBD candidates) or Post-Graduation/Equivalent technical qualification with at least 55 percent marks (passing marks for SC/ST/PwBD candidates) in aggregate of all semesters/years.

B. RBI Officer Grade B (DEPR)

A Master's Degree in Economics / Mathematical Economics / Econometrics / Quantitative Economics / Integrated Economics Course/ Finance from a recognised Indian or Foreign University /Institute, with a minimum of 55 percent marks or an equivalent grade in aggregate of all semesters /years; OR PGDM/ MBA Finance from a recognised Indian or Foreign University /Institute, with a minimum of 55 percent marks or an equivalent grade in aggregate of all semesters /years. OR A Master's Degree in Economics from a recognised Indian or foreign university/institute in any of the sub-categories of economics, i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55 percent marks or an equivalent grade in aggregate of all semesters/years.

C. RBI Officer Grade B (DSIM)

A Master's Degree in Statistics/ Mathematical Economics/ Econometrics/ Mathematical Statistics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with at least of 55 percent or equivalent grade in the aggregate of all semesters/years; OR A master's degree in mathematics with at least 55 percent or equivalent marks in the aggregate of all years/semesters and a 01-year post-graduate diploma in statistics or similar fields from a reputable institute; OR M. Stat. Degree from the Indian Statistical Institute with at least 55 percent in aggregate of all semesters/years; OR Post Graduate Diploma in Business Analytics (PGDBA) jointly given by ISI Kolkata, IIM Calcutta and IIT Kharagpur with at least 55 percent in aggregate of all semesters/year.

**Some boards/universities/institutions/do not offer class or percentage of marks, instead of awarding Aggregate Grade Points (e.g., CGPA/OGPA/CPI, etc.). If a university/institute/board establishes criteria for converting aggregate grade point to % of marks, the criteria will be followed. Where the University/Institute/Board does not provide criteria for converting Aggregate Grade Point into the percentage of marks, the undefined parameter(s) would be worked out as follows in the degree/passing certificates**

Number of Attempts: 

A general category candidate may apply for the RBI Grade B Phase-I test a maximum of six times. There is no attempt limit for applicants from the EWS, OBC, SC, ST, and PwBD categories.

Age limit (As on 01-01-2021):

The candidate's age must be between 21 to 30 years. * Applicants must have been born between the 02 January 1991 and the 02 of January 2000. The upper age limit for candidates who possessing M.Phil. and Ph.D. qualifications, will be 32 and 34 years respectively.*

The following are the permissible upper age limit relaxations and category-codes for claiming age relaxation:

Scheme of RBI Office Grade B Selection Procedure:

The recruitment process will be divided into the following phases:

FOR RBI Officer Grade B (General)

• Phase-I

• Phase-II

• Interview

FOR RBI Officer Grade B (DEPR/DSIM)

• Online/ Written Examination (Paper- I, II & III)

• Interview

RBI Officers Grade B (Dr)-General:

Phase-I Online Examination (Objective Type):

Important Note:

I. The question papers will be of the multiple option type.

II. One mark has been allotted for each question.

III. The questions will be written in both Hindi and English.

IV. Each test will be given its separate time slot.

V. Candidates must get the minimum marks prescribed by the Board for each test individually as well as in aggregate

Phase-II online Examination:

Important Note:

I. The questions will be written in both Hindi and English.

@ - There will be 30 questions and 50 marks for Objective questions in both Papers I and III (some questions carrying 2 marks each and some carrying 1 mark each). In the case of descriptive questions, six questions will be asked, of which candidates must attempt four questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). If a candidate answers more than four descriptive questions, only the first four will be considered.

Interview:

Applicants will be shortlisted for interviews based on the sum of their Phase-II marks (Paper-I + Paper-II + Paper-III). The Board shall determine the minimal aggregate cut-off marks for being shortlisted for an interview based on the number of vacancies. The interview will be worth 75 points.

Before presenting for the interview, the candidate must pass a psychometric test conducted by the bank. There will be no scores awarded for this, and it will not be considered as part of the final selection criterion. The candidate has the option of having the interview in Hindi or English. The final selection will be made using a merit list created by aggregating the marks obtained by applicants in the Phase-II examination and interview, as well as any grace marks that may be available under current guidelines.

RBI Officers Grade B (Dr)-DEPR:

RBI Officers Grade B (Dr)-DISM:

Important Note for RBI Officer Grade B (DEPR/DISM):

• Candidates who get the required minimum aggregate marks in Paper-I will be shortlisted for Paper-II/ Paper-III of the examination based on their Paper-I results.

• Paper-II 'Written Examination' question papers will be written in Hindi and English.

• Paper-II (Economics / Statistics, as applicable) will be a descriptive type pen/paper examination with questions displayed on a computer screen.

Interview

The interview will be worth 75 points. The candidate has the option of having the interview in Hindi or English.

Before presenting for the interview, the candidate must pass a psychometric test conducted by the bank. There will be no scores awarded for this, and it will not be considered as part of the final selection criterion. 

Details of the Posts:

Followings are the likely posts that will be filled up through this Examination:

Syllabus For RBI Officers Grade B (General)

Phase-I Examinations:

(A) English Language

• Reading Comprehension

• Cloze Test

• Fill in the Blanks

• Sentence Rearrangement

• Jumbled Words/Sentences

• Error Spotting

• Sentence Framing

• Match the columns

• Vocabulary

• Grammar

• Tenses Rules

• Idioms & Phrases 

(B) Quantitative Aptitude

• Ratio & Proportion

• Mensuration

• Percentage

• Average

• Speed, Time and Distance

• Time and Work

• Permutation and Combination

• Mixture and Alligation

• Data Interpretation

• Probability

• Simplification and Approximation

• Quadratic Equations

• Inequalities

• Number Series

• Upstream and Downstream

• Profit and Loss

• Simple and Compound Interest

(C) Reasoning Ability

• Puzzles

• Seating Arrangement

• Inequalities

• Direction Test

• Blood Relation

• Syllogism

• Input-Output

• Data Sufficiency

• Reasoning Analogy

• Coding-Decoding

• Ranking

• Alphanumeric series

(D) General Awareness

• Current Affairs

• Indian Financial System

• Indian Banking System

• Banking Awareness

• Banking History

• Monetary Plans

• Economic News

• Indian Culture

• Indian Constitution

• National and International Institutions

• Bank Terms & Abbreviations

• Government Schemes

• Banking Agreements

• Sports News

• Awards

• Books and Authors

• Static GK – National Parks, Sanctuaries, Dams, Currency, Stadiums, etc.

Phase-II Examination:

(A) Paper-I - Economic and Social Issues:

(A-I) Growth and Development 

• Measurement of growth: National Income and per capita income

• Poverty Alleviation and Employment Generation in India

• Sustainable Development and Environmental issues.

(A-II) Indian Economy 

• Economic History of India

• Changes in Industrial and Labour Policy

• Monetary and Fiscal Policy since reforms of 1991

• Priorities and recommendations of Economic Survey and Union Budget

• Indian Money and Financial Markets: Linkages with the economy

• Role of Indian banks and Reserve Bank in the development process

• Public Finance

• Political Economy

• Industrial Developments in India

• Indian Agriculture

• Services sector in India.

(A-III) Globalization

• Opening up of the Indian Economy

• Balance of Payments, Export-Import Policy

• International Economic Institutions

• IMF and World Bank – WTO

• Regional Economic Cooperation

• International Economic Issues

• Social Structure in India

• Multiculturalism

• Demographic Trends

• Urbanisation and Migration

• Gender Issues

• Social Justice: Positive Discrimination in favour of the underprivileged

• Social Movements

• Indian Political System

• Human Development

• Social Sectors in India

• Health and Education

(B) Paper-II -English (Writing Skills): 

• The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic

(C) Paper-III -Finance and Management: 

(A-I) Finance 

(A-I) Financial System

• Regulators of Banks and Financial Institutions

• Reserve Bank of India- functions and conduct of monetary policy

• Banking System in India – Structure and concerns

• Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc,

• Changing landscape of banking sector.

(A-II) Financial Markets

• Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments. 

(A-III) General Topics

• Risk Management in Banking Sector

• 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 Banking Sector, role of e-governance in addressing issues of corruption and inefficiency in the government sector.

• The Union Budget – Concepts, approach and broad trends

• 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.

• FinTech

(B) Management: 

(B-I) 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; concept of reinforcement

• Perception: concept, perceptual errors

• Motivation: Concept, importance, Content theories (Maslow’s need theory,

• Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two factor theory) & Process theories (Adams equity theory, Vrooms expectancy theory).

• Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership

• Emotional Intelligence: Concept, Importance, Dimensions.

• Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window

• Conflict: Concept, Sources

(B-II) Ethics at the Workplace and Corporate Governance:

• Meaning of ethics, why ethical problems occur in business.

• Theories of ethics

• Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring

• Moral issues in business: Ethics in Compliance, Finance, Human

• Resources, Marketing, etc.

• Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.

• Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance

• 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.

Syllabus For RBI Officers Grade B (DEPR):

(A) For Paper-I & II (On Economics)

• The standard of Economics papers would be that of any Central University in India's Master's Degree examination in Economics.

(B) For Paper III (On English)

• The English paper will be designed in such a way as to assess writing skills as well as expressiveness and comprehension of the topic.

Syllabus For RBI Officers Grade B (DISM):

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

(A) Paper-I (on Statistics)

• Probability

• Standard distribution

• Large and small sample theory

• Analysis of Variance

• Estimation

• Testing of Hypotheses

• Multivariate analysis and Stochastic Processes.

(B) Paper-II (on Statistics)

• Probability and Sampling

• Linear Models and Economic Statistics

• Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test

• Stochastic Processes

• Multivariate analysis 

• Numerical Analysis and Basic

• Computer Techniques.

(C) Paper-III (on English)

• The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Fee Payable by Candidates for RBI Officer Grade B Exam:

All Other Category’s: Rs. 850/-

SC/ST/PWBD/ candidates : Rs.100/-

*Staff candidates are exempted from payment of examination fee and intimation charges.*

Mode of Payment:

The payment can be made by using Debit Cards (RuPay/ Visa/ MasterCard/ Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets by providing information as asked on the screen. Bank Transaction charges for Online Payment of application fees/ intimation charges will have to be borne by the candidate.

The following is a step-by-step instruction to completing the RBI Grade B online application form:

• Visit the RBI's official website, rbi.org.in.

• At the top of the page, select the Opportunities area.

• Click on the current vacancies section to open a new tab.

• Select "RBI Officer Grade B Recruitment 2021" from the given link.

• Now, select "Application Form" from the given link.

• A new tab will appear, requesting your registration.

• Select New Registration from the given link.

• Complete the form with the right information from your official documents.

• Save the file and then submit a scanned photo and signature image.

• Before pressing the submit button, double-check all of your information.

• Finally, pay the application cost that corresponds to your category.

• Paying the application fee online with a debit/credit card, mobile wallet, or net banking.

• Once the transaction has been completed successfully, an e-receipt will be generated.

• Make an e-print of the receipt for future reference.