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Preparation Tips for RBI Grade B 2018

preparation tips for RBI Grade B

RBI Grade B 2018 official notification is out, and the registration is open till 23rd July 2018. This is the most popular recruitment drive in the banking sector. Today, we bring to you preparation tips for RBI Grade B that will help you get started with your exam preparation. Let’s get started by looking at the exam pattern.

RBI Grade B Phase I Exam Pattern

Name of the Test (Objective) Duration
General Awareness 2 Hours
English Language
Quantitative Aptitude
Total Marks 200

RBI Grade B Phase II Exam Pattern

Paper Topic Maximum Marks Duration
Paper I (Objective) Economic & Social Issues 100 90 Mins
Paper II (Descriptive) English (Writing Skills) 100 90 Mins
Paper III (Objective) Finance & Management 100 90 Mins
Total Marks: 300

RBI Grade B Detailed Exam Syllabus – Phase I

RBI Grade B Syllabus: Quantitative Aptitude

  • Simplification/Approximation
  • Data Interpretation
  • NumberSeries
  • Quadratic Equations
  • Data Sufficiency
  • Problems on Ages
  • Partnerships
  • Mensuration
  • Ratio & Proportion
  • Percentages
  • Profit & Loss
  • Averages, Mixtures & Alligation
  • Simple Interest & Compound Interest
  • Work & Time
  • Time, Speed & Distance

RBI Grade B Syllabus: Reasoning

  • Seating Arrangement
  • Syllogisms
  • Input-Output
  • Coding-Decoding
  • Alphanumeric Series
  • Ranking/Direction/Order Alphabet Test
  • Coded Inequalities
  • Puzzles
  • Logical Reasoning
  • Blood Relations
  • Data Sufficiency

RBI Grade B Syllabus: English Language

  • Reading Comprehension
  • Cloze Test
  • Error Spotting
  • Para Jumbles
  • Fill in the Blanks
  • Sentence Improvement
  • Phrase Replacement
  • Antonyms Synonyms
  • Idioms and Phrases
  • One-Word Substitution

RBI Grade B Syllabus: General Awareness

RBI Grade B Detailed Exam Syllabus – Phase II

RBI Grade B Syllabus: 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 Cooperation
  • Social Structure in India
  • Multiculturalism
  • Demographic Trends
  • Urbanization and Migration
  • Gender Issues
  • Social Justice: Positive Discrimination in favour of the under privileged
  • Social Movements
  • Indian Political System
  • Human Development
  • Social Sectors in India, Health and Education

RBI Grade B Syllabus: Finance and Management


Financial System 

  • Regulators of Banks and Financial Institutions
  • Reserve Bank of India- functions and conduct of monetary policy
  • Banking System in India
  • Financial Institutions – SIDBI, EXIM, NABARD, NHB

Financial Markets

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

General Topics 

  • Risk Management in Banking Sector
  • Basics of Derivatives: Forward, Futures and Swap
  • Changing Landscape of Banking Sector
  • Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
  • Financial Inclusion- use of technology
  • Alternate source of finance, private and social cost-benefit
  • Public-Private Partnership
  • Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector
  • 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)
  • Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends


  • Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation.
  • 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 Counselling – 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.

Preparation Tips for RBI Grade B 2018 – Online Mock Tests

It is very important to have clear concepts for attempting any competitive exam and RBI Grade B is not exception and what better way to understand concepts through video lessons. These are preparation tips for RBI Grade B, you can learn at your own pace from your own place and if you are not clear with the concepts, you can watch again and again.

For general awareness, its always good to prepare on a daily basis and revise weekly and monthly so that you do not forget important current affairs. Same with banking awareness, make it a habit to improve your knowledge by visiting study materials every week. You can rely on banking awareness eBooks available online that would be quite handy.

For ESI and Finance Management which are two most important sections in the RBI Grade B Phase II exam, it is important to go through online lessons along with mock tests that will help you improve your speed and accuracy hand in hand. Also, do not keep Phase II preparation for later; you will not have enough time to prepare post Phase I exam if you do so. Start preparing for Phase II exam from the beginning itself; also ESI and FM needs dedicated preparation.

Take Oliveboard’s Mock Tests to kickstart your exam preparation. Oliveboard’s Complete RBI Grade B Course for Phase 1 & 2 includes:

  • 10 Phase 1 Tests
  • 20 Phase 2 Tests – ESI + F&M
  • Complete ESI & F&M Study Material
  • Video Lessons, Sectional Tests & Topic Tests & GK Tests.

Try this RBI Handout Paper to Kickstart your Exam Preparation.

preparation tips for RBI Grade B – Phase II

Economic and Social Issues

If you had Economics as a topic in your graduation, you can simply refer to your Economics textbooks or notes to brush up your basics. However, if you’re new to Economics, we recommend you start your preparation by referring to NCERT Economics textbooks of classes 10, 11 and 12 and Day to Day Economics by Satish Deodhar. Get your fundamentals in Economy in place and learn macroeconomics concepts like National income, Development and growth, Budget, Bank Rates, Fiscal/Revenue Deficits, Banking & Finance sector of India, NITI Aayog, Planning Commission, Role of Govt. of India, Taxation, Inflation, Repo rate, etc.

Once your foundation is strong, you can start referring to books like Indian Economy (Uma Kapila) for advanced Economic concepts and read up summary of the Economic Survey of India, Latest census, Union budget, FAQ section of the RBI website (which covers concepts like foreign exchange, government securities market, banking, currency, etc.)

For social, you can pick up topics from newspapers and exploit the internet for deeper knowledge on the topic. Read up summary of Socio-Economic & Caste census and latest census. Refer to magazines like Yojana and Pratiyogita Darpan and newspapers like The Hindu and Economic Times for current affairs of last 1 year, related to Economic & Social Issues and make notes. Pay extra attention to the minute details like facts, figures, numbers and percentages mentioned. A lot of questions asked in this section are factual in nature.  Also, read up about the various Social Sector schemes & Welfare programs.

Finance and Management

Management is a scoring section and easier compared to the Finance part, since it is static and doesn’t involve current affairs or numbers. Try to capitalize on this and score maximum marks in the Management section. A lot of questions in the exam will be direct, i.e., ‘Factual’ in nature. Therefore, you must memorize facts, figures, percentages and numbers for Finance (Repo rate, policy dates, interest, SLR, CRR, etc.) and names of people (thinkers, inventors, etc.), years, etc. for the Management part.

Preparation Tips For RBI Grade B From The Topper – Hardik Mehta (AIR 1, RBI Grade B 2016)

In his own words, 

Preparation Tips for RBI Grade B Phase 1

I attempted 70 questions of GK in flat 10 minutes. 25 questions in English took another 10 minutes. preparation tips for RBI Grade B in the remaining time was used to shuttle between the Quant & Reasoning sections. For Phase 1, I was dependent solely on Oliveboard’s Mock Tests. I found the level of tests very difficult and hence every time there was a lot of learning and scope for improvement. For GK, I used to read newspapers like The Telegraph(Calcutta), Economic Times, Mint Business Newspaper, etc.

The maximum time of your preparation should be dedicated to General Awareness topic and you should try to maximize your score here because it covers a major portion of the Phase 1 exam. Your next focus should be on the English section. The remaining time should be dedicated to Quant and Reasoning. If you attempt 20-25 standard mock tests, you will be able to clear this part of the exam.

Since Phase 1 is just an eliminator exam, the marks you score here do not hold much importance later. Hence, I would recommend you focus more on Phase 2 and the Interview than on Phase 1.

You can refer to the following study material for Phase 1:

  • Quant– How to prepare for quantitative aptitude for the CAT & also soon to be released “Teach Yourself Quantitative Aptitude” by Shri Arun Sharma.
  • English– How to prepare for Verbal Ability and Reading Comprehension for CAT by Arun Sharma & Meenakshi Upadhyay
  • Reasoning– Oliveboard
  • General Knowledge– The Telegraph(Calcutta), Economic Times, Mint Business Newspaper.
  • Mock Tests– Oliveboard

Preparation Tips for RBI Grade B 2016 Phase 2

For Phase 2, I had appeared for mock tests of Oliveboard. Oliveboard mock tests for phase 2 also were very informative, descriptive and they did provide an edge in preparation as score analysis was done on the spot.

Kudos to the Oliveboard’s technical team for providing in-depth analysis of candidate’s performance. I also remember that RBI made a last-minute pattern change to Phase 2 just 10 days before the exam. I was really glad that Oliveboard in the first week of September 2016 had redesigned the mock tests as per the new pattern for RBI Grade B Exam (Phase 2). It showed that their think tank was very much keen to ensure that their students should get the knack of as many different types of questions as possible.

I would recommend that candidates first learn the basics of finance, economics & management and then appear for a few quality mock tests to determine where they stand as compared to others.

Candidate should not approach one topic at a time. After building a strong foundation, they should appear for sectional Mock tests and once the entire syllabus is covered, only then they should go for the complete mock test.

For example, if you are reading a newspaper, do not read it just for the sake of it. Instead, try and understand each word to build your base.

Taking Mock tests is a very important part for phase 2 exams. Again, just taking too many mock tests is not going to help. You should be analyzing each test as and when you take it up and accordingly work on your weaknesses and sharpen your skills. 

ESI section should be read in bits and parts because you need to understand the nitty gritties and every term used in the content.

Read his complete success journey.

Hope this helps. All the best for the upcoming exam.

Interact with your fellow aspirants about preparation tips for RBI Grade B and RBI Grade B Study Notes in our discussion forum

Alternatively, you can also download the Oliveboard Mobile App and GK App for free study material and other latest updates.


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