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RBI Grade B Officer

Reserve Bank of India is known as the apex banking institution of India. It controls the monetary policies of Indian economy .Reserve Bank of India commenced its operations on 1st April, 1935 during the British rule in India. Reserve Bank of India was nationalized on 1st, January, 1949.

RBI Grade B is one of the ambitious posts in the banking sectors of India.A young candidate joining the bank as RBI Grade B officer can reach the top post of Deputy Governor before he retires his post.

RBI Grade B Notification

RBI releases its notification for the post of RBI Grade B in its official website. The notification for the post of RBI Grade B will be available in the official website of RBI .All the relevant details needed for the candidate will be provided in the official notification from age, eligibility, exam patternto the number of vacancies.

RBI Grade B Vacancies

For the current year of 2017 ,RBI has reported over a vacancy of 161 seats.At the same time RBI reported a number of 163 vacancies in the previous year of 2016.From all the above reports we can expect a vaccancy upto 170 in the next year.

Post

Unreserved

OBC

SC

ST

Total

Officers in Grade B (DR)GEN

73

39

22

11

145

Officers in Grade B(DR-DEPR)

9

3

0

0

12

Officers in Grade B-DR(DSIM)

1

0

1

2

4

 

RBI Grade B Application

RBI Grade B application will be available in the official website of RBI. Candidates can check the official website for the application, after a few days from the release of official notification.

RBI Grade B Salary

Salary in Hand-Rs 67,964 pm

RBI Grade B Age Limit

A candidate must have attained the age of 21 years and must not be above 30 years for the post of RBI grade B Officer.

RBI Grade B Age relaxations

 

Category

Age Relaxations

SC/ST

5

OBC

3

Ex-employees of banking institutions

5

Person domiciled in the State of Jammu and Kashmir

5

 RBI Grade B-Educational Qualification

Post

Minimum Educational Qualification

Officers in Grade B-DR(GEN)

A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.

 

The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters/years.

Officers in Grade B-(DR)(DPER)

A Master's Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognized Indian or Foreign University /Institute

Officers in Grade B-(DR)(DSIM)

a.       A Master's Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR

 b.      Master's Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an institute of repute; OR

 c.       M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years OR

 

 d. Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

 RBI Grade B Examination Fee

Category

Charges

Amount

SC/ST/PWD

Intimation Charges Only

Rs 100

GEN/OBC

Application fee including intimation charges

Rs 850

Staff @

NIL

NIL

 

RBI Grade B (DR)(GEN)Exam pattern

RBI Grade B examination is conducted in three phases. Candidate has to get the cut off marks to get shortlisted for the next level. The three phases of RBI Grade B(DR)(GEN) examination are:-

1)Phase I

2)Phase II

3)Phase III

RBI-Grade B(DR)(GEN) Phase I-Syllabus and Exam pattern

Phase I-This will comprise of a single objective paper for 200 marks and a total duration of 120 minutes. The paper will consist tests of

1) General Awareness

2) English Language

3) Quantitative Aptitude

4) Reasoning

RBI Grade B(DR)(GEN) Phase II-Syllabus and Exam pattern

Phase II-It will consist of three papers as under:-

Name of paper

Type of Paper

Time(minutes)

Marks

Paper I-Economic and Social issues

Objective Type

90

100

Paper II-English writing skills

Descriptive, to be typed with the help of a keyboard

90

100

Paper III-Finance and Management

Objective type

90

100

 Syllabus (phase II)

Paper-I - Economic and social Issues: Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

 

Paper II-English Writing Skills

This section is to test the writing skills of the candidate including expression and understanding of the topic.

Paper III-Finance and Management

(I)Finance

(a)Financial system

1) Regulators of Bank and Financial systems

2) Reserve Bank of India –functions and conduct of monetary policy, Banking system in India,Financial Systems –SIDBI,EXIM,NABARD,NHB etc

b) Financial Markets

Primary and secondary markets (Forex,money,bond,equity etc)functions,instruments ,recent developments

c) General Topics

 1. Risk Management in Banking Sector 2. Basics of Derivatives: Forward, Futures and Swap 3. Changing Landscape of Banking  sector 4. Recent   Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments 5. Financial  Inclusion- use of technology 6. Alternate source of finance,  private and social cost-benefit, Public Private Partnership 7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector. 8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM), 9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.

 

(II) Management: Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling; The Role of a Manager in an Organization. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counseling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. 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. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

Phase III( Interview) -The candidates will be shortlisted for the interview on the basis of marks secured in Paper I+ Paper II+ Paper III. The interview is for 50 marks. The candidate can chose his/her medium of language in Hindi/English. The admit card of the candidate will be send to the candidates e-mail id by RBI.

RBI Grade B (DR)-(DEPR)/(DSIM)Exam pattern and Syllabus

The RBI Grade B (DR)-(DEPR)/(DSIM) has three papers for the examination. Paper I is an objective type paper on Economics and Paper II and III are descriptive papers on Economics and English respectively.

Name of Paper

Duration

Maximum

Paper –I objective Type on Economics

120 minutes

100

Paper II-Descriptive type on economics

180 minutes

100

Paper III-English Descriptive

90 Minutes

100

Total

 

300

Syllabus

(i) Standard of papers on Economics would be that of Master's Degree examination in Economics of any Central University in India.

(ii) Syllabus for English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

RBI Grade B (DR)-DSIM Exam Pattern

It consists of a total of three papers for the examination of RBI Grade (B)(DR)-(DSIM).One objective test and two descriptive test .Paper I(objective) and Paper II(descriptive) consist portions on Statistics and paper III(descriptive) consist of portions from English Language.

Name of Paper

Duration

Maximum

Paper I-Objective Type (on statistics)

120 minutes

100

Paper II-Descriptive Type (on statistics)

180 minutes

100

Paper III-Descriptive

90

100

Total

 

300

 Syllabus

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

Paper-I: Questions would cover Probability: Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis and Stochastic Processes.

 Paper-II: 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 and (vi) Numerical Analysis and Basic Computer Techniques. There will be sufficient choice for candidates to attempt the required number of questions from any three or more of the above six groups.

 Paper-III: English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

RBI Grade B 2017 Dates

Events

Important Dates

Online Registration

May 03, 2017 (for Gr B DR General) May 05, 2017 (for DEPR /DSIM) to May 23, 2017 *

Officers in Gr B (DR) - General

Phase-I Online Examination Phase-II Online Examination

June 17, 2017

 July 7, 2017

Officers in Gr B (DR) – (DEPR)*

Paper –I Online Examination Paper – II & III Online/Written Examination

June 17, 2017

 July 6 or 7, 2017

Officers in Gr B (DR) – (DSIM) @

Paper –I Online Examination Paper – II & III Online/ Written Examination

June 17, 2017

July 6 or 7, 2017

 

To view the official notification 2017-https://rbidocs.rbi.org.in/rdocs/Content/PDFs/ADVT150720166CD716F0DBB94F0E897E1FA9CEBBC4BB.pdf

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