RBI Grade B 2022 Phase 2 | Complete Preparation Guide

Being selected for RBI Grade B 2022 Phase 2 among nearly 2 lakh applicants all over India is noteworthy! First of all, I would like to congratulate you for getting through such a competitive exam and making it this far. However, there is still a lot to be done. Be ready for a 15-day intensive Phase 2 preparation! You must commit 100% during these 2 weeks! Be sure to use the right preparation strategy. The RBI Grade B 2022 Phase 2 exam is scheduled for the 25th of June 2022. Let’s start with the Phase 2 exam syllabus, followed by a comprehensive preparation strategy followed by a 15-day study plan, so we have a clear roadmap for the days ahead.

RBI Grade B 2022 Phase 2 Preparation – Complete Guide

Since the Phase 2 exam is a mix of objective and descriptive papers, aspirants often get confused about how to go about preparing for both these simultaneously.

In this blog post, we will provide you with a clear strategy on how to go about preparing for Phase 2 papers along with the expert-curated study material and mock tests.

Let us first take a look at the exam pattern and syllabus of the RBI Grade B Phase 2 exam here:

RBI Grade B Phase 2 Exam Pattern

The RBI Grade B Mains exam consists of three papers: Paper 1, Paper 2 and Paper 3. Paper 1 and 3 are a combination of both objective and descriptive questions, while Paper 2 is a completely descriptive paper. 

The detailed format is presented below in a tabular format:

PapersType of testTotal MarksDuration
Paper 1 – Economic and Social Issues50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answered)
50 marks
50 marks
30 mins
90 mins
Paper 2 – English (Writing Skills)Descriptive Test100 marks90 mins
Paper 3 – General Finance and Management50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answered)
50 marks
50 marks
120 mins

Note: 

  • For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each).
  • In the case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, the candidate answers more than 4 questions in descriptive, the first 4 shall be evaluated.
  • All question papers (in both Phases, except the test of English) will be set bilingually in Hindi and English.

RBI Grade B Phase 2 Preparation Strategy – How to Start?

Start your RBI Grade B Phase 2 preparations with these two tiny steps which seem unimportant but would help you understand the nature of Phase 2 papers in-depth.

Step-1 – Solve or at least go through the previous year’s papers for the RBI Grade B exam to know the type of questions that were asked. This would be your first step as it would make you understand the pattern of the questions being asked so that you can streamline or steer your preparation in the direction required to clear the exam.

Locate RBI Past Year Paper – Login using the Link Given Above >> RBI Grade B Tests >> Past Year Papers


Step-2 – Go through the syllabus at least twice!

You should have the topics given in the syllabus on your finger tips. Understand the syllabus in its entirety.


RBI Grade B Phase 2 Preparation Strategy – Economic & Social Issues (ESI)

For Economic & Social Issues (ESI) preparation you can follow these two steps:

Step-1Quickly go through basics of the chapters given in the syllabus. Here is the list of the most important chapters:

  • Measurement of Growth – Various Indicators like GDP, GNP, NNP, National Income etc
  • What is Monetary Policy and Fiscal policy?
  • Various Tools used by RBI (as part of Monetary Policy) and the Government as part of Fiscal Policy
  • Balance of Payments
  • What is meant by Industrial and Labour Policy?
  • What is Sustainable Development?
  • Indian Political System (Important Articles)

Locate Revision Sheets – Login using the Link Given Above >> RBI Grade B Resouces >> RBI Revision Sheets

Step-2 – Read and Practice Answer Writing for the Descriptive Questions.

In this section questions are generally asked from the following topics:

  1. Current events related to Economics, Banking and Finance, Politics, Environment etc.
  2. Government Schemes

Static questions are rarely asked but one should know the concept as sometimes questions can be asked in mixed form means Static + Current.

List of Important Topics from which Descriptive Questions can be asked:

  1. Economic Growth and Development
  2. Indian Polity
  3. Sustainable Development
  4. Poverty Alleviation
  5. Monetary and Fiscal Policy
  6. Industrial Policy
  7. Balance of Payment
  8. Role of Economic Planning

Locate Descriptive Model Q&A – Login using the Link Given Above >> RBI Grade B Resouces >> ESI & FM Lessons

Step-3 – Cover the Current Affairs in Detail

Coverage: Start Covering the Current Affairs from the month October 2021. Give more priority to the current affairs from the months of January – May 2022).

The following types of questions can be asked in the objective paper of ESI:

  • Reports & Indices – para-based questions (2 Marks)
  • Government Schemes (2 Marks) 
  • Social & Environmental News
  • Economics & National News

Important data points can be included while writing the descriptive answers.

Step-4 – Cover the Union Budget 2022-23 and Economic Survey 2021-22

Cover the major announcements made, schemes introduced and their extensions. Also, do try and remember the important data facts.


RBI Grade B Phase 2 Preparation Strategy – Finance & Management (FM)

Management

Cover the basics of the topics given in the syllabus for your concept clarity.

Do revise the notes so that the theries are clear in your head.

Here is a List of important Topics for Descriptive Answer Writing:

  1. Leadership
  2. Motivation
  3. Communication
  4. Ethics
Finance

Cover the basics of the topics given in the syllabus for your concept clarity.

List of important Topics for Objective Answer Writing:

  • Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent
    developments
  • Risk Management in Banking Sector – Types of Risks, Basel Norms
  • Basics of Derivatives – Forwards, Futures, Options (Call and Put)
  • Inflation: Definition, CPI and WPI
  • Miscellaneous – Capital Budgeting & Break-even Leverage (Only Concept)
  • Current Affairs – Starting from Oct 2021 (Finance in News)

List of important Topics for Descriptive Answer Writing

Questions in Finance descriptive paper can be asked from current affairs, static topics from the syllabus and mixed ques (Static + Current).

List of important topics from which current event based questions asked are:

  1. Primary and Secondary Market
  2. Risk Management in Banking Sector
  3. Basics of Derivatives: Forward, Futures and Swap
  4. Changing Landscape of Banking sector
  5. Recent Developments in the Financial Sector, Portfolio Investment,
  6. Public Sector Reforms, Disinvestments
  7. Financial Inclusion- use of technology
  8. Alternate source of finance, private and social cost-benefit, Public-
  9. Private Partnership
  10. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
  11. The Union Budget
  1. Economic Growth and Development
  2. Indian Polity
  3. Sustainable Development
  4. Poverty Alleviation
  5. Monetary and Fiscal Policy
  6. Industrial Policy
  7. Balance of Payment
  8. Role of Economic Planning

Locate Descriptive Model Q&A – Login using the Link Given Above >> RBI Grade B Resouces >> ESI & FM Lessons


RBI Grade B 2022 Phase 2 – Study Plan for 15 Days

Take a look at the the 15 Days study plan especially curated by Riti Maám for your comprehenisve preparation.

Day No.SectionChapters/TopicsObjective TestsDescriptive TestsLive Discussion of Descriptive TestsCurrent Affairs
Day 1ManagementGeneral Management
Leadership
Motivation
FM
Tests No.1,2,3,4,5
Oct-21
Day 2ManagementCommunication
Ethics
Corporate Governance
FM
Tests No.6,7,8,9,10
Nov-21
Day 3FinancePrimary and Secondary Market
Risk Management in Banking Sector
Basics of Derivatives: Forward, Futures and Swap
Changing Landscape of Banking sector
FM
Descriptive Test No.1
Attend Live Discussion of Model Answers after evaluationDec-21
Day 4FinanceRecent 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
FM
Descriptive Test No.2
Attend Live Discussion of Model Answers after evaluationRevision – Oct, Nov, Dec 2021
Day 5FinanceCorporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector
The Union Budget
FM
Descriptive Test No.3
Attend Live Discussion of Model Answers after evaluationJan-22
Day 6Finance & ManagementRevisionFM
Tests No.11,12,13,14,15
FM
Descriptive Test No.4
Attend Live Discussion of Model Answers after evaluationFeb-22
Day 7Finance & ManagementRevisionFM
Descriptive Test No.5
Attend Live Discussion of Model Answers after evaluationMar-22
Day 8ESIEconomic Growth and Development
Human Development
ESI
Tests No.1,2,3,4,5
ESI
Descriptive Test No.1
Attend Live Discussion of Model Answers after evaluationRevision – Jan to March 2022
Day 9ESIPoverty Alleviation
Monetary and Fiscal Policy
Industrial Policy
ESI
Tests No.6,7,8,9,10
ESI
Descriptive Test No.2
Attend Live Discussion of Model Answers after evaluationGovernment Schemes
Day 10ESIBalance of Payment
Role of Economic Planning
ESI
Descriptive Test No.3
Attend Live Discussion of Model Answers after evaluationGovernment Schemes
Day 11ESIIndian Polity
Sustainable Development
ESI
Descriptive Test No.4
Attend Live Discussion of Model Answers after evaluationGovernment Schemes
Day 12ESIRevisionESI
Tests No.11,12,13,14,15
ESI
Descriptive Test No.5
Attend Live Discussion of Model Answers after evaluationUnion Budget
Economic Survey
Day 13Descriptive EnglishDescriptive English:
Test No.1,2
Attend Live Discussion of Model Answers after evaluationApril, May 2022
Day 14Descriptive EnglishDescriptive English:
Test No.3,4
Attend Live Discussion of Model Answers after evaluationApril, May 2022
Day 15Descriptive EnglishDescriptive English:
Test No.5
Attend Live Discussion of Model Answers after evaluationJun-22

We hope that now at least you are sorted in terms if planning your preparation for the RBI Grade B 2022 Phase 2.

We would encourage you to leave no stone unturned this time and finally ace the exam.

RBI Grade B 2022 Phase 2 Online Courses

Streamline your Prep with our Phase 2 courses especially curated for Phase 2 preparation. Choose a plan that suits your preparation plan:

RBI Descriptive Course RBI Phase 2 Learn PlanRBI Phase 2 Complete Plan
1. Model Descr. Q&A 
2. Notes for Essay Writing
3. 15 Descr. Tests (5 Each for ESI, FM & English) with Expert Evaluation
4. LIVE Discussion of Model Answers for 15 Tests (5 each for ESI, FM & English)
1. ESI + FM Study Notes
2. Current Affairs Capsules
3. 30 Objective Mock Tests for ESI & FM
1. 30 Obj + 15 Descr. Mock Tests
2. ESI + FM Revision Notes
3. Current Affairs Capsules
4. Videos + Live Classes
5. ESI+ FM Topic Tests
6. Mock Interview

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