RBI Grade B FM Preparation 2024 in 75 Days, Details Here

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RBI Grade B FM Preparation

Aspirants find the Finance & Management (F&M) section of the RBI Grade B a bit tricky and the candidates who are not from the finance background find it even more difficult. The weightage of the Finance & Management for RBI Grade B is 100 out of the 300 marks. Finance & Management is the most crucial paper for RBI Grade B Phase II Exam. At first glance, it might seem to be the toughest paper of Phase II, but with the right knowledge & strategy, this paper can be converted into the most scoring one as seen in past year marks’ trends of qualified candidates.

RBI Grade B FM Target Score

Here, we will discuss what should be the ideal RBI Grade B FM Target Score. We will also know how much marks should be target in objective, descriptive & total.

Finance15+ Marks15+ Marks30-35 Marks
Management20+ Marks20+ Marks40-45 Marks

Finance and Management for RBI Grade B – Complete 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, let’s move on to the complete strategy of Finance and Management for RBI Grade B.

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 Behavior
  • Organizational Change
  • Emotional Intelligence
  • Interpersonal Relationship
  • Nudge Theory
  • Ethics at Workplace

II. Using the Right 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 PYPs & 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.

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

V. Pick your sources

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

VI. Work around 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.

VII. Finance and Management Approach for Descriptive Paper

Check out the approach for Finance and Management Descriptive Paper:

Step 1: Start with the Management section. The desc. ques. from this section would be static in nature. Be thorough with the concepts.
Step 2: While reading each chapter, note down key words for each chapter (as part of various theories/concepts).
Step 3: 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 4: While writing the answers, make sure you are building your answers around these keywords.  
Step 5: Practice at least 12-15 answers before you go for the examination

VIII. RBI Grade B FM Preparation – 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.
Topper’s CornerTopper’s CornerTopper’s Corner
RBI Grade B Topper Gorakh JayswalRBI Grade B Topper Aviral AgrawalRBI Grade B Topper Prachi Dhurandhar
RBI Grade B Topper Diksha ShindeRBI Grade B Topper Strategy by Aneesh JRBI Grade B Topper Strategy by Samyak Bhandari
RBI Grade B Topper Strategy by Saurabh GuptaRBI Grade B Topper Strategy by Vinodh KumarRBI Grade B Topper Strategy by Nikhil Bharate

RBI Grade B Preparation Material – Free Ebooks

Hey aspirants!! We have specifically kept this section for the free ebooks. Here, you will get all the topic-wise ebooks. We will keep on updating fresh and new ebooks on different topics so do not forget to bookmark this blog. To download this ebook, all you need to do is log in. Also, download RBI Grade B Memory-Based Papers below:

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