RBI Grade B Guide Book PDF

Table Table of of C O N T E N T S C O N T E N T S About RBI What is RBI? Brief history of RBI What are the functions of RBI? What are the departments in RBI? What is the hierarchy in RBI? Advantages of working with RBI over other sectors After clearing the RBI Grade B exam, what will...

Table Table of of C O N T E N T S C O N T E N T S About RBI What is RBI? Brief history of RBI What are the functions of RBI? What are the departments in RBI? What is the hierarchy in RBI? Advantages of working with RBI over other sectors After clearing the RBI Grade B exam, what will be your designation? About RBI Manager How is the recruitment conducted? What is the pattern of the examination? What is the eligibility? Cut-offs so far Is the recruitment regular? What is the syllabus of the examination? What is the training at RBI like? What is the job profile? What is the salary? What are the other allowances and benefits? What are the promotion opportunities? Resources to prepare for RBI Grade B Exam Resources for phase 1 Resources for phase 2 Resources for interview Our 6 step formula to become an RBI Manager What is the 6 step formula? Our Legacy - Our Students  Disclaimer By using this guidebook user agrees that the information contained in this e-book is for general information purposes only. All information is provided after thorough research and is true and complete to the best of our knowledge. Although we make strong efforts to make sure our information is correct and up-to-date, we cannot guarantee that all the information provided in this e-book is complete, correct, and up-to-date but feedback & suggestions will always be welcome. Also, we will try to update any new information notified about the examination in the guidebook within 2-3 working days. Copyright 2022 @ EduTap Learning Solutions All Rights Reserved  About RBI About RBI What is RBI? Brief history of RBI What are the functions of RBI? What are the departments in RBI? What is the hierarchy in RBI? Advantages of working with RBI over other sectors After clearing the RBI Grade B exam, what will be your designation?  About RBI | 02 About Reserve Bank Of India What is RBI? The Reserve Bank of India (RBI) is the central bank that controls, regulates and operates the entire banking system in the country. RBI is responsible for regulating the nation's financial system and hence ensures financial stability & public confidence in the banking system. The Bank is headed by the governor who is appointed by the central government. RBI is responsible only for printing the currency notes. Minting of coins is done by the Government of India. Is RBI a Bank? RBI is a Banker’s Bank. Why? Because it acts as a bank for all the commercial banks in India. RBI holds their cash reserves and lends them short-term funds. A normal person cannot open an account in RBI, only Banks can open Current Accounts in RBI. What is the history of RBI? When was RBI established? The Reserve Bank of India was set up on April 1, 1935, in Kolkata. It was, later on, moved to Mumbai in 1937. www.edutap.co.in +91 81462 07241 [email protected]  About RBI | 03 The Bank was set up based on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission. Originally, RBI was a shareholders’ bank (private entity), after nationalization in 1949, it became fully owned by the Government of India. RBI acted as the central bank for two countries, Myanmar and Pakistan till 1947 & 1948 respectively. What are the functions of RBI? The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: “To regulate the issue of Bank notes and keeping of rese ves with a view to secu ing moneta y stability in India and generally to operate the cu rency and credit system of the count y to its advantage; to have a mode n moneta y policy framework to meet the challenge of an increasingly complex economy, to maintain p ice stability while keeping in mind the objective of growth." www.edutap.co.in +91 81462 07241 [email protected]  About RBI | 04 Role of RBI in the Indian Economy: 1 Monetary Authority RBI being a monetary authority manages currency and money supply. 2 Regulator & Supervisor of the Financial System Supervises if the banks and other financial institutions are doing the job assigned to them regarding financial inclusion. 3 Issuer of Currency Issues, exchanges and destroys currency notes as well as puts into circulation coins minted by the Government of India. 4 Manager of Foreign Exchange RBI facilitates external trade and payments and promotes the orderly development and maintenance of foreign exchange markets in India. 5 Banker to the Government RBI sells and purchases government (central & state both) securities on their behalf. Bankers' Bank As the banker to banks, the Reserve Bank maintains banking accounts of all scheduled banks. 6 7 Developmental Role Performs a wide range of promotional functions to support national objectives. www.edutap.co.in +91 81462 07241 [email protected]  About RBI | 05 What are the departments in RBI? There are around 30 departments in RBI. Major Departments in RBI and their Working in Brief: Department of Economic and Policy FinTech Department: FinTech is being Research (DEPR): It provides research used to denote the wide array of inputs and management information technological innovations that have a system (MIS) services for policy-related bearing on financial services. decision-making. Department of Payment and Settlement Department of Currency Management: It Systems: The functions include policy provides focused attention on the formulation, authorization, regulation, management of currency notes and supervision and monitoring of payment coins. and settlement systems. Department of Government and Bank Internal Debt Management Department: Accounts(DGBA): It discharges the core Major role of this department is to central banking function of being a manage and provide innovative and banker to the government and banker to practical solutions for the government’s banks. debt. Department of Statistics and Risk Monitoring Department: Its major Information Management: Its major role role is the implementation of Enterprise- is collection, processing and analysis of wide Risk Management System in the data on banking, corporate and external Reserve Bank. sectors and modelling and forecasting of Department of Supervision: The important macro-economic indicators. Department of Supervision carries out Monetary Policy Department: Its primary the mandate of supervising all role is to maintain price stability while scheduled commercial banks (excluding keeping in mind the objective of growth. Regional Rural Banks), Local Area Banks, Price stability is a necessary precondition Payments Banks, Small Finance Banks, to sustainable growth. Credit Information Companies, Primary Urban Cooperative Banks, NBFCs, Asset Foreign Exchange Department: The Reconstruction Companies, Factoring objective is to facilitate external trade companies and All India Financial and payments and promote orderly Institutions (AIFIs) within the legal development and smooth conduct of framework. foreign exchange market in India. www.edutap.co.in +91 81462 07241 [email protected]  About RBI | 06 What is the hierarchy in RBI? 1 2 3 Governor Deputy Executive Governors Directors 4 5 6 Principal Chief Chief General General General Manager Managers Managers 7 8 9 Assistant Deputy General Managers General Managers Managers 10 11 Assistant Support Managers Sta www.edutap.co.in +91 81462 07241 [email protected]  About RBI | 07 Advantages of working with RBI over other sectors RBI itself says, “Life with RBI is not just another career. It's a commitment. Commitment to serve the Nation, where your decisions make an impact on the way the economy and the financial sector in the country evolves.” Listed below are the advantages of working at RBI: You get an opportunity to work on a wider canvas of operations, and you are involved in the formulation of policies having nationwide implications. You get to be a member of a team that shapes the financial policies. You work with the government, international organizations and top-level financial minds to contribute to thinking on global best practices. You initiate and monitor reforms and changes in India's financial environment and manage an economy in transition. Your job offers the challenge of driving a nation on the move. You get an opportunity to interact with some of the brightest minds across sectors of the economy and across the globe. In domestic seminars and conferences, you represent your institution and internationally you represent your country. Your everyday job can make a difference to a farmer, a small entrepreneur, an exporter, an industry, a financial entity, or even a common man. You do research that induces policy changes. How is the work-life balance at RBI? RBI is such a big organization, life would be tough. Right? No, not at all, rather the life at RBI is- Peaceful: RBI is a perfect place as far as the work-life balance is concerned as there are no public dealings or sales targets at all and staying in the office for long is a rare instance. Unlike Commercial Banks, RBI follows 5-days a week policy i.e., working days are from Monday to Friday. More like a Corporate: The work environment is just awesome. ◦ What are the working hours? Generally, the office timings of RBI are 9 AM to 5 PM. A er clearing the RBI Grade B exam, what will be your designation? Now, when you are aware of what RBI is and what are its functions, you might be wondering how one can be a part of such a reputed organization. RBI Grade B exam is one such opportunity, once you clear it, you are designated as a Manager in RBI. www.edutap.co.in +91 81462 07241 [email protected]  02 About RBI Manager About RBI Manager How is the recruitment conducted? What is the pattern of the examination? What is the eligibility? Cut-Offs So Far Is the recruitment regular? What is the syllabus of the examination? What is the training at RBI like? What is the job profile? What is the salary? What are the other allowances and benefits? What are the promotion opportunities?  About RBI Manager | 09 About RBI Manager How is the recruitment conducted? Stages of the RBI Grade B Exam Phase 1 Phase 2 Interview Online Exam Phase Online Exam Objective Objective Type Psychometric Test + + Descriptive Type Interview What is the pattern of the examination? ess No. of Questions: 80 ren Re a a No. of Questions: 60 w so lA Marks: 80 Marks: 60 nin era Sectional Timing: 25 Minutes Sectional Timing: 45 Minutes g Gen Phase 1 Exam Qua nti h t lis at No. of Questions: 30 No. of Questions: 30 g i ve En Marks: 30 Ap titu Marks: 30 de Sectional Timing: 25 Minutes Sectional Timing: 25 Minutes Total Marks - 200 Negative marking - 1/4th for every wrong Total No. of Questions - 200 answer Phase 1 marks are not added in the final Composite timing - 120 minutes selection. www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 10 Phase 2 Exam: 3 Papers of 100 Marks Each Economic and Social Issues - ◦ 50% Objective & 50% Descriptive ◦ Total Marks - 100 ◦ Total time - 120 minutes ◦ No. of Questions - 30 for Objective. 06 for Descriptive out of which 4 are to be attempted Finance & Management - ◦ 50% Objective & 50% Descriptive ◦ Total Marks - 100 ◦ Total time - 120 minutes ◦ No. of Questions - 30 for Objective. 06 for Descriptive, 4 to be attempted Descriptive English - 100% Descriptive ◦ Total Marks - 100 ◦ Total time - 90 minutes ◦ No. of Questions - 03 Interview Phase ◦ Candidates need to undergo a Psychometric Test before appearing for the Interview. No marks are allotted for the Psychometric Test. ◦ After the psychometric test there is an interview of 75 marks. ◦ Candidate may opt for the interview either in Hindi or English What is the eligibility? Age Relaxation Age: Minimum Age limit is 21 years Maximum is 30 years 2 4 5 10 13 15 years years years years years years for for PhD for for for for Educational Qualification (General Stream): M.Phil. SC/ST Person PwBD PwBD Graduation in any subject or professional with (OBC) (SC/ST) qualification with minimum 60% marks (50% Bench for SC/ST/PwBD applicants) or Post- mark Graduation with minimum 55% marks (only Disabili ty pass marks for SC/ST/PwBD applicants) in [PwBD aggregate of all semesters/years. (UR)] www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 11 Cut-o s so far ◦ Cut-off for the year 2022: Since the recruitment process for the year 2022 is not yet completed, therefore final cut- off (Phase 2 and Interview) has not been released. Phase 1 Cut-off Category Section PwBD General/UR EWS OBC SC ST (OH/HI/VH/MD) General Awareness 6.25 12.0 12.0 8.0 6.25 6.25 (Maximum Marks = 80) Reasoning 9.0 9.0 6.0 4.75 4.75 4.75 (Maximum Marks = 60) English Language 4.50 4.50 3.0 2.25 2.25 2.25 (Maximum Marks = 30) Quantitative Aptitude 4.50 4.50 3.0 2.25 2.25 2.25 (Maximum Marks = 30) Total Score/ Aggregate 63.75 63.75 60.25 55.25 50.75 49.75 (Maximum Marks = 200) ◦ Cut-off for the year 2020-21: (Since 2020-21, the interview holds the weightage of 75 marks instead of 50 marks.) Phase & Final 2 Cut-Off Category & Cut-Off Marks Recruitment Stage General OBC SC ST EWS PwBD Aggregate cut – off marks in paper- I, paper- 166.75(HI, LD, 187.75 187.75 167.5 166.75 187.75 II and paper- III (out of MD) total 300 marks). 169.75(VI) Aggregate marks in Phase 2 (paper- I, II and Gen - 226 252.25 241.25 212.25 205.25 218.25 III) and interview (out of OBC - 223.75 total 375 marks) www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 12 Phase 1 Cut-off Category Section PwBD General/UR EWS OBC SC ST (OH/HI/VH/MD) General Awareness 16 10.25 16 12 10.25 10.25 (Maximum Marks = 80) Reasoning 12 12 9 7.75 7.75 7.75 (Maximum Marks = 60) English Language 06 06 4.50 3.75 3.75 3.75 (Maximum Marks = 30) Quantitative Aptitude 06 06 4.50 3.75 3.75 3.75 (Maximum Marks = 30) Total Score/ Aggregate 66.75 66.75 63.75 53.50 52.75 52.75 (Maximum Marks = 200) ◦ Cut-off for the year 2019: Phase 2 & Final Cut-Off Category & Cut-Off Marks Recruitment Stage General OBC SC ST EWS PwBD Aggregate cut – off marks in paper- I, paper- 172.25 ( HI, LD, 193.25 188.00 172.25 172.25 193.25 II and paper- III (out of MD) 176.75 (VI) total 300 marks). Aggregate marks in Phase 2 (paper- I, II and 206.50 Gen 215.75 OBC 238.25 215.50 194.00 197.00 III) and interview (out of 194.75 total 350 marks) www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 13 Phase 1 Cut-off Category Section PwBD General/UR EWS OBC SC ST (OH/HI/VH/MD) General Awareness 20 20 16 14.25 14.25 14.25 (Maximum Marks = 80) Reasoning 15 15 12 10.75 10.75 10.75 (Maximum Marks = 60) English Language 7.5 7.5 06 5.25 5.25 5.25 (Maximum Marks = 30) Quantitative Aptitude 7.5 7.5 06 5.25 5.25 5.25 (Maximum Marks = 30) Total Score/ Aggregate 122 122 115.50 108 108 108 (Maximum Marks = 200) ◦ Cut-off for the year 2018: Phase 2 & Final Cut-Off Category & Cut-Off Marks Recruitment Stage General OBC SC ST PwBD Aggregate cut – off marks in paper- I, paper-II and paper- III 201.25 186.25 180.25 180.25 180.25 (out of total 300 marks). Aggregate marks in Phase 2 (paper- I, II and III) and GEN-235.50 248.50 235.50 221.25 219.50 interview (out of total 350 OBC-223.00 marks) www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 14 Phase 1 Cut-off Category Section PwBD General/UR OBC SC ST (OH/HI/VH/MD) General Awareness 20 16 14.25 14.25 14.25 (Maximum Marks = 80) Reasoning 15 12 10.75 10.75 10.75 (Maximum Marks = 60) English Language 7.5 06 5.25 5.25 5.25 (Maximum Marks = 30) Quantitative Aptitude 7.5 06 5.25 5.25 5.25 (Maximum Marks = 30) 105.75 Total Score/ Aggregate 95.75 91.75 91.75 91.75 (Maximum Marks = 200) www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 15 Is the recruitment regular? As per the data, for the past 12 years, we have seen the notification of RBI Grade B every year apart from 2020 (during the pandemic). But then RBI clubbed the vacancies of 2020 & 2021 together and in 2021 the application was called against 270 seats. We can therefore say that yes, the exam is regular and the notification is released every year. Syllabus of the examination What is the syllabus of phase 1 as per the notification? In the official notification, the detailed syllabus for Phase 1 is not mentioned. So, how will you prepare for the exam? Will you refer to any random source and topics for Phase 1? No, actually the master key is to make previous year's questions (PYQs) your best friend, they will guide you w.r.t the important topics for not only Phase 1 but every stage. To make it easy for you, we have analyzed the PYQs and have listed down the topics for each section of Phase 1. 1. Reasoning: ◦ Alphabetical, Alphanumeric Series ◦ Puzzles ◦ Coding & Decoding ◦ Machine Input Output ◦ Syllogism ◦ Statement – Assumption ◦ Direction Sense ◦ Statement – Course of Action ◦ Inequality ◦ Cause and Effect ◦ Ranking ◦ Statement Argument ◦ Blood Relation ◦ Statement Conclusion ◦ Seating Arrangement ◦ Data Sufficiency 1. Quantitative Aptitude: ◦ Percentage ◦ Mixture ◦ Profit & Loss, Discount ◦ Average ◦ Ratio & Proportion ◦ Ages ◦ Simplification ◦ Partnership ◦ Simple & Compound Interest ◦ Area, Volume ◦ Time & Work ◦ Probability ◦ Pipes & Cistern ◦ Data Interpretation & Data Sufficiency ◦ Number Series & Number System ◦ Quadratic Equation ◦ Time Speed & Distance, Trains, Boats ◦ Quantity Comparison www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 16 1. English: ◦ Grammar ◦ Para Jumbles ◦ Error Spotting ◦ Double Fillers ◦ Sentence Improvement ◦ Vocabulary – Synonyms, Antonyms, ◦ Comprehension Ability One-word Substitution, Phrasal Verbs ◦ Comprehension passage ◦ Cloze Test ◦ Rearrangement 1. General Awareness(GA): GA is divided into 2 parts, static and current affairs, and the weightage in the exam is 10-15 marks and 65-70 marks respectively. Following topics are most frequently asked from the General Awareness section: ◦ National News: MoUs, summits and ◦ Sports: Major tournaments and its major events related to India. winners ◦ International: Summits, Conferences ◦ Science, Technology and Space held abroad. ◦ Awards and honours ◦ Financial & Economics News ◦ Financial Awareness: RBI and SEBI ◦ Environment Notification and Regulations ◦ Banking, Economy related news ◦ Defence: Military exercises, drills and ▪ Reports and Government Schemes major updates related to the defence sector of India ◦ Books and Authors ◦ Days in News: Major events or days, ◦ Static GA – Chief Ministers and Cabinet along with its date, and theme Ministers, National Parks and ◦ Persons in News: Obituaries, Sanctuaries, Organisations’ appointments, retirements Headquarters, Banks’ Headquarters and Taglines, Power Plants in India, Indian Dance Forms, Countries’ Capitals and their Currencies. www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 17 What is the syllabus of phase 2 as per the notification? Economic and Social Issues (ESI): Descriptive English: There is no defined syllabus for descriptive English but as per the examination scheme, 3 questions are asked. These 3 questions are asked under the following topics- ◦ Essay - An essay is asked to be drafted out of 4-5 options (about 400 words) ◦ Precis Writing – Precis writing is to be done in about 140 words ◦ Reading Comprehension – 5 questions based on reading comprehension are asked. www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 18 Finance and Management: www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 19 Management: www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 20 What is the training at RBI like? What are the training establishments of RBI and where are they located? ◦ There are total 6 training establishments of RBI. Three, namely, RBI Academy, College of Agricultural Banking and Reserve Bank of India Staff College are part of the Reserve Bank. Others are autonomous, such as the Centre for Advanced Financial Research and Learning (CAFRAL), Indira Gandhi Institute for Development Research (IGIDR), Institute for Development and Research in Banking Technology (IDRBT). ◦ Training for RBI Grade B officers is conducted at Reserve Bank of India Staff College, Chennai. What is the duration of the training? ◦ The duration of induction training is around 10 weeks, but since the covid outbreak, it has been cut short to 3 weeks. ◦ Probation period: 2 years from the date of joining. ◦ You are entitled to full salary and perks as soon as you join RBI, i.e., as soon as the training is started, you get the full salary from that very month. What is the job profile? The job profile of a Manager at RBI depends on the department in which he/she is posted. Kindly refer to page no. 05 for more details on the major departments in RBI and their functions. What is the salary? What is the CTC offered by RBI? ◦ Officers recruited on Grade B posts are entitled to one of the highest pay packages and allowances that are available to government employees. At present, the annual CTC of a Manager at RBI is around ₹24-26 lakhs. What will be the in-hand salary? ◦ The in-hand salary after all the deductions comes out to be approximately ₹ 15 lakhs per annum. What are the other allowances and benefits? An RBI Manager gets some allowances on a monthly basis that sum up to around ₹12 lakhs per annum and some allowances on an annual and biennial basis which constitute an amount of ₹2 lakhs/annum. Let’s have an overview of the allowances offered: www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 21 Monthly Allowances Monthly Yearly Component Remarks (in Rs.) (in Rs.) 200 litre per month in Mumbai. 2,40,000 180 ltr per month in Delhi, Chennai, Kolkata, Hyd, Petrol Allowance 20,000 Bengaluru, Ahmedabad.150 ltr per month in other cities Household Allowance 5,000 60,000 Internet 2,000 24,000 Landline 1,386 16,632 Landline Bill needed Newspaper 917 11,004 6,000 Equipment 500 Maintenance HRA 60,000 7,20,000 On actual lease amount 84,000 Only if you have children. 7000 per month for max 2 Children Education 7,000 children 43,200 Can be used for food in canteen or in stores like Big Sodexo Coupon 3,600 Bazaar. Paid Quarterly 12 lakhs Total 1,00,403 (approx.) www.edutap.co.in +91 81462 07241 [email protected]  About RBI Manager | 22 Other Allowances: Component Yearly (in Rs.) Remarks Book Grant 8,000 Medical on Declaration 13,000 Briefcase 6,500 Furniture 40,000 2 lakhs given once every 5 years Spectacles Allowance 13,000 Given as 13000 once in 2 years. Also given to spouse separately. Bills need to be produced LFC 1,24,000 1,24,000 per person once in 2 years for a max of 4 dependent people Total 1,98,000 What are the promotion opportunities? How frequently does one get promoted? ◦ Promotions at RBI are dependent on the vacancies of the higher posts and one will have to compete i.e., undergo an internal examination to get the promotions. Usually, the promotion can be expected within 3 to 5 years. To what level can I reach in RBI? ◦ Almost all of the Grade B officers reach up to the CGM level. If you make it in your early 20s, you may become an Executive Director and if you do exceptionally well, you even stand a fair chance to be designated as Deputy Governor towards your retirement. Do I get a chance to pursue higher studies? ◦ RBI has a Golden Jubilee Scholarship Program, where one will not only get study leave, but also RBI will fund your fees to study in a foreign institution. Do note that this is not open to everyone and you need to work hard to avail this opportunity. www.edutap.co.in +91 81462 07241 [email protected] Resources to prepare for RBI Grade B Exam Resources for phase 1 Resources for phase 2 Resources for interview  Resources to prepare for RBI Grade B Exam | 24 Resources to Prepare for RBI Grade B Exam When it comes to finding the best sources for any exam, the two best friends of an aspirant are- 1 2 Previous Year Syllabus Questions (PYQs) How? Because PYQs and Syllabus help you at every stage of your preparation to know what topics are to be read and what are to be skipped. Well! Here is the subject-wise book lists and sources – Resources for phase 1 Recommended Books Quantitative Aptitude - This book named Quantitative Aptitude for CAT by Arun Sharma, is best for building fundamentals in step-by-step manner but it does not adhere to RBI Grade B syllabus alone, so it needs to be complemented with PYQs for comprehensive coverage. Reasoning - Recommended book for reasoning is Verbal & Non-Verbal Reasoning by RS Agarwal but since it is relevant for multiple exams, you need to sort out relevant topics, based on PYQs. English Language - There is no specific book to prepare for the English Language, the more you read the more you learn. However, these 2 books Objective General English by SP Bakshi and Word Power – Made Easy can be referred to align your preparation according to the exam pattern of RBI Grade B and to improve your vocabulary. General Awareness (GA) - General Awareness is divided into static and current affairs. It is very difficult to define the syllabus of GA, hence you need to have a keen observation of what is going on in your surroundings and is relevant for the exam. How to cover it then? Through The Hindu and PIB or if you find it difficult making notes out of it, then any good compilation of current affairs (relevant for RBI Grade B exam) is a best way to cover General Awareness. Static GA is to be derived from current affairs and you must Google Search to find out the important static aspects of current news. For eg. Kudankulam nuclear power plant is very often in news, so as a part of static GA, you must be aware where it is located. If for any reason a wildlife sanctuary/national park is in the news, then it automatically becomes important to read about the location of that wildlife sanctuary/national park & what it is famous for. www.edutap.co.in +91 81462 07241 [email protected]  Resources to prepare for RBI Grade B Exam | 25 What are the other sources? Books for Quant & Reasoning are only for concept building. The best way to prepare these subjects is to practice as many questions and attempt as many mock tests as you can. For English, develop a decent vocabulary through editorial section of The Hindu/The Indian Express and reading Yojana magazine (will help in current affairs as well) Resources for phase 2 Recommended Books Books for Management- ◦ Principles & Practice of Management by LM Prasad ◦ Organizational Behaviour by LM Prasad and Organizational Behaviour By Stephen P Robins (Indian Version edited by Niharika Bohra) ◦ Business Ethics & Corporate Governance by BN Ghosh - For Ethics & Corporate Governance Books for Finance- ◦ Principles of Practices of Banking by Macmillan Education (Read only Module A & C) ◦ Bank Financial Management by Macmillan Education (Read only Module A & B) ◦ Indian Economy by Ramesh Singh (Mainly for Inflation & Union Budget) Books for Economic & Social Issues- ◦ Indian Economy by Ramesh Singh (Read only those chapters that are mentioned in the syllabus) ◦ Social Problems in India by Ram Ahuja - (Requires selective study as mainly current oriented questions are asked) Books for Descriptive English - ◦ There are no specific books that can be suggested for Descriptive English. To improve your writing skills, you can start reading PIB (will help in collecting good points for essay), Yojana magazine will help in English as well as current affairs and editorials from The Hindu or Indian Express (will help in building command over language). What are the other sources? Finance: ◦ FAQs & Speeches on RBI Website ◦ Investopedia website ◦ Notifications (Factual Data) on RBI Website ◦ Livemint newspaper (Editorial Section) www.edutap.co.in +91 81462 07241 [email protected]  Resources to prepare for RBI Grade B Exam | 26 ◦ Magazines(for descriptive part) - Capital Market & Business India ◦ Summaries of - Economic Survey, Union Budget, RBI Annual Report, Report on Trends in banking industry by RBI & Financial Stability Report Economics & Social Issues: ◦ PIB (past 6 months) ◦ The Hindu (Editorial Section) ◦ Magazines (only if time permits) - The Economist and Economic & Political Weekly What is Psychometric Test: From 2021 onwards, RBI has introduced a transition stage between the Phase 2 result and Interview – Psychometric Test. After Phase 2, one needs to clear this test, which is qualifying in nature i.e. no marks are allotted for this. What is it all about? A psychometric test is basically a test of two things – ◦ Test of personality traits ◦ Test of cognitive ability Since, majority of your cognitive ability has already been tested in the previous two stages, personality traits have a lot more weightage in psychometric assessment. Traits that are tested through a Psychometric test include – Cultural Fitment – Will you be able to fit in the highly diverse work culture of an organization like RBI. Learnability – are you open to learn & grow? Flexibility & Adaptability – This refers to your attitude towards the unexpected changes. Value System – How strongly you maintain your ethics and integrity. Response under Stress – How do you behave under intense situations. Your Motivational Process – What motivates you? Is it the aura of working with RBI or the feeling of serving your nation? Emotional Capabilities – It is a test of your emotional intelligence; EQ is equally important as IQ. www.edutap.co.in +91 81462 07241 [email protected]  Resources to prepare for RBI Grade B Exam | 27 Resources for interview Where is the interview held? The RBI Grade B interviews are held at any of the 4 zonal offices of RBI i.e. Mumbai, New Delhi, Chennai and Kolkata. Who takes the interview? The panel for the interview of RBI Grade B is decided by the RBI Services Board. The interview panel is headed by a Chairperson who is mostly of the Executive Director rank. The other 3–4 members in the panel are of CGM/Regional Director level. Interview panel of the RBI, therefore, consists of very senior bank officials. How to prepare? This is the final and most critical stage of becoming a Manager in RBI. The candidate selected for the interview is well-versed with written exam, but at this stage, people go clueless, so we have come up with these 4 pillars to help you clear the interview like a pro: Biodata Functions and Static Current Form Working of RBI Knowledge Affairs Biodata form – Generally, information asked in biodata form include- ▪ Family background ▪ Educational background ▪ Work Experience ▪ Your hobbies ◦ The best way to cover major aspects of your biodata form is to prepare around 100 questions out of it which should cover all the information that you have provided. You can discuss these questions and their answers with family and friends to get different perspectives. In short, you should be thorough with the information that you have provided in the biodata form. www.edutap.co.in +91 81462 07241 [email protected]  Resources to prepare for RBI Grade B Exam | 28 Functions and Working of RBI – You must know about the organization you want to be a part of. To cover these questions, you may refer to About Us section of Reserve Bank’s website– https://www.rbi.org.in/ Static Knowledge – A few questions can be asked from static portion of your syllabus to test your basic understanding of Indian Economy and Financial system. These can be answered by reading the below topics: Inflation Indian Economy & Reforms Monetary Policy and Fiscal Policy Risk Management / Non-performing Assets FinTech / Payment and Settlement system Financial Inclusion Corporate Governance Current Affairs – Current Affairs is something that will always come to your rescue. You have been referring to it even before the Phase 1 exam. However, for the interview, you should restrict your preparation to the events and happenings which are related to finance/economy or to be precise- News relevant to RBI. A few examples include: ◦ RBI Notifications (mainly regulations) ◦ RBI Annual Report ◦ Financial Stability Report (FSR) ◦ Report on Trends & Progress of Banking System in India ◦ Economic Survey and Union Budget ◦ News Papers – Live Mint and Economic Times ▪ Covering the above-mentioned resources 4 to 6 months prior to the interview date will be sufficient. It is not required to remember everything by heart, but you should have a fair idea of these reports & surveys, as well as the landmark changes brought about by RBI. www.edutap.co.in +91 81462 07241 [email protected] Our 6 step 04 formula to become an RBI Manager What is the 6 step formula? Our legacy - Our Students  Our 6 step formula to become an RBI Manager | 30 Our 6-Step Formula to Become an RBI Manager What is the 6-Step Formula? Set a clear goal #1 Always remember that when goals are vague, outcomes are vague. So does it mean that you must set only 1 and clear goal of clearing the RBI Grade B examination? You may. Nothing wrong with it. We, however, recommend following a Plan A and Plan B approach. And no, Plan B here does not mean a backup career option! What it means is that you should design your Plan A and Plan B exams in such a manner that 1) the preparation of your Plan A exam/s ‘must’ automatically lead to atleast 80% preparation of Plan B exam/s and 2) when you are devoting time to study for Plan B exam/s, it must automatically strengthen your preparation for Plan A exam/s. For example – Let’s say your Plan A exam is to crack the RBI Grade B exam, what should be your Plan B? The most ideal Plan B will be the SEBI Grade A exam. How? Because it checks both points as explained above – preparation of RBI Grade B automatically leads to the preparation of 80% syllabus of SEBI Grade A and when you are devoting time to study anything for SEBI Grade A, it is actually strengthening your preparation for RBI Grade B as well. Understand #2 the exam The syllabus and previous year questions are like the 2 headlights of your car of preparation. You miss one of these and your car will meet with an accident, let me guarantee you this right here! The biggest blunder aspirants commit is that they do not define the scope of the syllabus of the examination and prepare under the impression that anything and everything can be asked in the examination which is even remotely related to the syllabus! www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 31 Hell no! This is NOT the case. Download and print a copy of the syllabus and then do the same for previous year questions. Go through the syllabus atleast 10 times and then go through the previous year questions (year wise) and see for yourself what are the important topics and in what depth they need to be studied for the examination. Believe me, more than 90% of the so- called sincere aspirants do not do this. Shortlist Resources #3 Based on step 2, now is the time to shortlist your study sources. Once you prepare a list of the resources you will follow, DO NOT get swayed by new material that keeps flooding the market through social media platforms! Keep your head down and focus on completing your study sources. Yes, once you are done with your sources, you can move to a secondary source but not before that! Design a #4 Time Table This is a very important step – you must design a time table for yourself. This time table is for ‘you’ and ‘you’ alone. Do not compare your timetable with others, some like studying early in the morning, some like to burn the midnight oil, some can sit at a stretch for 6 hours, some study for 2 hours and take a break and then study again. Some study on all 7 days, some study for 5 days and take a 2-day break. Whatever! The point is to have a timetable that ‘works’ for ‘you’. It is not meant to earn a shower of praises from your parents, friends, or peers! www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 32 Develop Consistency #5 Ah consistency! The ever-elusive thing! The secret to developing consistency is to make ‘micro easy targets’. How? Let’s compare 2 situations. Student A makes a plan that he will study 8 hours every day starting tomorrow and sets a goal for himself for the next day – cover 50 pages of current affairs magazine, 20 pages of motivation theories from a book, 50 questions of ratio & proportion and write 1 essay. He starts his day full of energy but towards the end of the day finds himself in quite an uncomfortable position realizing that only 50% of the target has been covered. He cannot sleep comfortably that night and gets up the next morning tired and frustrated. Now he has to complete the pending tasks of Day 1 as well as cover whatever he decided for Day 2 as well! Quite an uphill task, don’t you think? On the other hand, Student B makes a plan that he will also study 8 hours a day and sets a goal of completing 20 pages of current affairs magazine, 10 pages of motivation theories and 1 essay. Now, this student will complete his target ahead of schedule and having done that feel elated, joyful and full of confidence! This will lead to a good night’s sleep and hence even higher energy for the next day! This is how you make ‘micro’ and ‘easy’ targets and achieve them daily and move ahead with consistency. Develop #6 Faith Always think from your mind and feel from your heart. If you reverse this sentence, you will get trapped in ‘emotions’. Being emotional isn’t bad at all, its good! Getting trapped in emotions is what is bad! Once you complete steps 1-5, you will start to develop faith in yourself. Have a little trust in your mentors as well, talk to them, mail them, get in touch and see how they can help you! www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 33 Do you wish to dig in deep to know more about this 6-Step formula and how YOU can be benefitted from this? To get all your answers: Scan QR code Register for FREE RBI Grade B Domination Workshop www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 34 Our Legacy - Our Students Rank Rank Rank Rank Rank 3 4 5 6 7 Mr. Dibyaranjan Panigrahi Mr. Somya Atre Mr. Aniket Singh Mr. Shrey Shashank Ms. Shubhangi RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Rank Rank Rank Rank Rank 8 9 10 11 12 Mr. Nishant Yadav Mr. Monic Abhishek Ms. Rishitha Reddy Mr. Baddeli Chandrakanth Ms. Aditi Tayal RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Rank Rank Rank Rank Rank 14 16 17 19 21 Mr. Parimal S Athaley Ms. Suchana Ghosh Ms. Alka Mishra Mr. Shubham Singh Mr. Ashutosh Dwivedi RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Rank Rank Rank Rank Rank 23 24 25 27 28 Mr. Ashish Krishna Mr. Prithviraj Harish Mr. Srinjoy Guha Mr. Prashant Kothule Mr. Arun Sharma RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Rank Rank Rank Rank Rank 30 31 33 35 36 Mr. Ajil G Ms. Rinki Goswami Mr. Ankit Bhardwaj Ms. Aparajita Ms. Shikha Lal RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Rank Rank Rank Rank Rank 37 39 40 41 42 Ms. Resmarani Sahoo Mr. Krishna Murthy Katti Mr. Veerella Ravichandra Mr. Rahul Reghu K Mr. Swaroop Varghese RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 35 Rank Rank Rank Rank Rank 44 46 47 49 50 Mr. Vivek Bharati Mr. Alvin Roy Aliath Ms. Ankita Puwar Mr. Akhilesh Kumar Singh Mr. Ramakrishna Nalla RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Mr. Amaljith Krishnan Mr. Aman Yadav Mr. Hitesh Arun Ganvir Ms. Namitha Mr. Rajendra Kanishetty RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Mr. Ravi Kumar Ms. Shreya Kain Mr. Krishna Kumar Mr. Sourav Saha Ms. Sunantha RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Ms. Tamanna Bansal Mr. Vivek Mittal Mr. Aman Choudhary Ms. Ila Sahu Ms. Ojaswi Dale RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Mr. Ryan Varghese Ms. Snigdha Mr. Shourya Sharma Ms. SrishtiI Dabas Ms. Twinkle Dahiya RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Mr. Vaibhav Nayer Ms. Anchal Gupta Mr. Gagan Dahiya Mr. Gautam Mr. Jatin Kamble RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 Mr. Pravin Bhagat Mr. Pushkar Mr. Rajiv K T Mr. Richard Mr. Swapnil Kashyap RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 RBI Grade B Officer 2020-21 www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 36 What RBI Toppers have to Say About Us www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 37 www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 38 www.edutap.co.in +91 81462 07241 [email protected]  Our 6 step formula to become an RBI Manager | 39 www.edutap.co.in +91 81462 07241 [email protected] Who We Are It was the year 2016 when Mr. Anchit Garg and Mr. Deepak Garg, our co-founders, came up with the vision to provide a quality content and a much-needed mentorship to the students who are preparing for regulatory bodies' exams. With this vision, they also had a crystal clear WHY of that vision; “to create a nurturing ecosystem for the aspirants, so that they can feel safe, guided and mentored". As of this moment in time, every member of our team looks back at the initial reason for starting EduTap and appreciates that we are living up to our creed - because every other aspect of what we do helps us achieve our ultimate goal. Yes, this is not achievable in its entirety but, the point is we try. The point is we aspire. The point is we take the above statement as our compass that guides our thoughts, behaviour and actions. The whole point is we feel inspired to come to work and feel fulfilled at the end of the day that we did all we could, with everything we got to 'try' and achieve the ideal. We at EduTap live by this value statement. We strive for this ideal. We work towards this aim. Everyday. Each day. What Makes Us Different? Our student-centric services, we do not deny the fact that content is in abundance in the market, but we at EduTap promise (read it pledge) to give you the best services. We very patiently acknowledge the problems of the aspirants (even if they are not our paid subscribers) and try to resolve them to the maximum possible extent. Mr. Anchit Mr. Deepak Garg Garg Co-Founder Co-Founder www.edutap.co.in +91 81462 07241 [email protected]