RBI Grade B 2022: Finance & Management Preparation Guide

Aspirants find the Finance & Management (F&M) section of the RBI Grade B Exam a bit tricky. More so if one is not from a finance background. It requires understanding concepts both for Finance topics as well as Management topics. However, those of you who are yet to start preparing for this section need not be disheartened by this. This article will guide you on how you can make the most of the time available for your F&M Preparation. We would also like to tell you that as per our analysis of the past year’s papers of F&M, we fund that the core concepts from Finance are not being asked nor are numerical questions being asked. Mostly the concepts related to current affairs (General Management & Public Finance) are extensively being asked. 

Finance & Management Preparation Guide

RBI Grade B Exam – 2 Months Study Plan

RBI Grade B Finance Preparation – Complete Strategy – Resources

How to prepare for the Management Section of RBI Grade B Exam – Strategy


Finance & Management Preparation Strategy

In order to cover the syllabus of F&M, you need to be smart and have to do a selective reading of important topics. Most importantly read up on only those topics that are most likely to appear in the examination. 

How to do Smart & Selective Reading?

For a fast-track preparation, without wasting time or reading unwanted stuff:

I. Determine the Important Topics

As per the past years’ analysis of F&M papers, we have come to a conclusion that these are the most important chapters from the Finance & Management syllabus:

Most Important Chapters for Finance

  • Financial Regulatory Bodies
  • Banking System in India
  • Reforms in the Banking & Finance Sector
  • Impact of the Global Financial Crisis of 2007-08
  • Primary & Secondary Markets
  • Risk Management in the Banking Sector
  • Basics of Derivatives
  • Alternate sources of Finance
  • Inflation

Note: While reading the news/current affairs, make sure you keep these chapters in mind so that you can map the news to the syllabus. This will help you answer the finance objective questions as well as descriptive ones.

Most Important Chapters for Management

  • General Management
  • Leadership
  • Communication
  • Corporate Governance
  • Organizational Behaviour
  • Organizational Change
  • Emotional Intelligence
  • Interpersonal Relationship
  • Nudge Theory
  • Ethics at Workplace

Note: In F&M Paper – Equal weightage is given to Finance and Management. Management is Static – this can help increase the scores.


II. Using ready-made preparation material

There is no point in sitting and trying to figure out what topics might appear in the exam and what might not, because, the syllabus of RBI Grade B Finance & Management is vast and RBI is known to be unpredictable and might include topics, which aren’t directly mentioned in the syllabus, in the exam. Therefore, it makes sense to use preparation material created by experts and exam toppers after thorough research and analysis for your preparation.


III. Analyzing & solving previous year’s question papers & sample papers

While previous year’s question papers will give you an idea about the difficulty level of the questions and exam pattern, the RBI sample paper might provide you hints on what topics might appear in the exam.

Download this Free RBI Grade B Official Handout: Solved Paper on F&M: https://bit.ly/2u9eC5o


IV. Taking Mock Tests

Mock tests are created by industry experts & exam toppers after extensive research and analysis. They not only help you determine the topics that you should prepare for the RBI Grade B exam but also:

  • Help you identify your strengths & weakness
  • Determine your speed & accuracy
  • Give you an in-depth analysis of your performance

Try it yourself!


V. Pick your sources

After determining the topics, put them in a list and start gathering your resources.


VI. Keep your sources minimal

Refer to the best sources that contain the core of the topics you need to prepare for. This way, you read less, but you read the most important stuff.

For instance: For current affairs, instead of reading newspapers, read a roundup of current affairs from current affairs capsules. And refer to the FAQ section of Financial Institutions like NABARD, SIDBI, etc. for static information.


VII. Workaround your strengths

There might be some topics you’re really good at. Work on those topics and make them stronger to increase your overall score in the section.


VIII. Approach for Finance & Management (F&M) Descriptive Paper

Step-01: Start with the Management section. The desc. ques. from this section would be static in nature. Be thorough with the concepts.

Step-02: While reading each chapter, note down key words for each chapter (as part of various theories/concepts).

Step-03: For the Finance section, make a list of current affairs-related topics (in news lately) and static topics and write down keywords for each one.

Step-04: While writing the answers, make sure you are building your answers around these keywords.  

Step-05: Practice at least 12-15 answers before you go for the examination.

Start out by Practising Free Descriptive Tests for F&M

Download RBI Gr. B 2021 Ph-2 Memory Based Questions Here


Expert Guidance for Descriptive Papers

Practice RBI Grade B – Descriptive Answer-Writing with our expert faculty: For ESI, FM & Descriptive English Get expert guidance for your exhaustive preparation of RBI Grade B Phase 1 & Phase 2. 


IX. Some General Tips

  • We recommend you start your exam by attempting all the moderate and easy level questions with great accuracy first, without wasting too much time on tough questions, and then move on to the tougher questions. If you attempt all moderate and easy level questions with great accuracy, and a few tough questions, you have a good chance of clearing phase 2.
  • 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.

Use the above as a guideline to formulate your own preparation strategy for the Finance & Management section of RBI Grade B Phase II.

We wish you all the very best!

Further reading:


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Go through free RBI Grade B study materials PDFs and take up RBI Grade B Free mock tests online.

1. Course Details

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