How to Prepare for Government Schemes for RBI Grade B Exam?

The question “How to Prepare for Government Schemes for RBI Grade B?” has always hovered over the minds of RBI Grade B aspirants. Here in this blog post let us understand and try to unravel this mystery question by giving all the resources to be referred to while preparing for Government schemes for the RBI Grade B exam

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How to Prepare for Government Schemes for RBI Grade B?

Government Schemes are indispensable to the RBI Grade B Phase 2 Paper of Economics & Social Issues.

As per the previous year’s analysis of the ESI paper, it has been observed that around 30-35 marks out of 100 marks of ESI Paper are devoted to Government Schemes.

Let us first look at the Economics & Social Issues Syllabus first.

1. Economic Reforms in India

  • Industrial and Labour Policy
  • Monetary and Fiscal Policy
  • Privatization
  • Role of Economic Planning

2. Globalization

  • Opening of Indian Economy
  • Balance of Payments
  • Export-Import Policy
  • International Economic Institutions
  • IMF and World Bank
  • WTO
  • Regional Economic Co-operation

3. Growth and Development

  • Measurement of growth: National Income and per capita income
  • Poverty Alleviation and Employment Generation in India
  • Sustainable Development and Environmental issues

4. Social Structure in India

  • Multiculturalism
  • Demographic Trends
  • Urbanization 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

Now here we need to understand that the questions asked in the ESI paper are usually from current affairs revolving around these above-given topics.

Being in regular touch with current affairs and reading & making notes of news pertaining to important topics given in the syllabus would help.

Get Complete Study Material for RBI Gr. B Govt. Schemes Here

I. Plan For 1 Mark Questions

These questions are quite easy. You can answer them if you have been reading the newspaper or reading & revising the daily current affairs.

» Sources to be referred to:

  • The summary of the latest Union Budget keeping a tab on the latest schemes being announced. Also, the allocations being made for the schemes and particular sections like Health and Education are important.
  • A general current affair source that one studies can be considered sufficient enough to answer such questions. The focus should be on the facts & figures.

II. Plan for 2 Mark Questions

This portion is of utmost importance as it can fetch you good marks in ESI if answered correctly otherwise you might lose out on fairly high marks.

Still, it can be covered step by step as:

Step 1: Pick up one compilation of Government Schemes and cover all the relevant schemes mapping them to the syllabus.

For example, the schemes under the Ministry of Health and Family Welfare, Ministry of Education, etc must be covered diligently, at the same time, the schemes from the Ministry of Culture/Railways should be given a miss.

Step 2: Now that the important current schemes are done, it is important to follow the current developments for the same. For example, the government makes an allocation of ‘X’ amount under any of the old schemes, then it becomes a probable question.

» Resources to be referred to: 

1. Ministry-wise Schemes: Ministry-wise websites mapping them to the syllabus. For example, one can visit the Ministry of Social Justice and Empowerment to make note of schemes like Grant in aid for SC questions. That question was taken ad-verbatim from the website in the 2018 paper. As these are not in current news, no compilation can cover these schemes. Yet, these are important from the lens of the syllabus.

The ministries can be MoHUA, MHRD, MoHFW, MoWD, MoSJE, MoLE, MoTA, MoJal Shakti, MoMA, & MoRD.

2. PIB Year End review: The Press Information Bureau releases a year-end review for all the major ministries that are important, and some developments have taken place in them. Eg: Though JSSK was a 2011 scheme yet it was asked in 2018 as it was given the PIB year-end review.

3. New Schemes in the News: One can make note of these schemes that are announced by Central or State Governments.

4. The Old Schemes: Though these schemes are not in the current news but are so relevant to the topic that one should not leave such schemes. Questions are asked from them almost always. Here, the idea should be to take the syllabus and pen down these old schemes. Ex: ICDS scheme in the Health section and MNREGA/SGSY for employment generation etc.

5. India Year Book: A glance through the relevant portions of the India Year Book (IYB).

Now, this is all from us in this blog of Government Schemes for RBI Grade B Exam 2020. 

Get Government Schemes Part 1 Free Here

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