RBI had announced RBI Grade B 2021 Notification with a total number of 322 vacancies, the highest to date! The Phase-1 exam was conducted on the 6th of March 2021 and Phase-2 on April 1st, 2021. Major changes have been introduced in the Phase-2 Exam Pattern. Descriptive questions have been introduced in Phase-2 papers of ESI & FM. To kick-start your preparations for an exam as competitive as the likes of RBI Grade B, you must be well aware of the RBI Grade B Syllabus 2021 too. This would help you plan your study and we at Oliveboard will help you do just that.
Here in this article, we will be covering the syllabus for both RBI Grade B Phase 1 & Phase 2.
- RBI Grade B Syllabus & Exam Pattern
- 1. Phase-Wise RBI Grade B Exam Pattern 2021
- 2. Complete RBI Grade B Syllabus 2021 (For Phase 1 & 2)
- 2.1 RBI Grade B Prelims Syllabus 2020
- Test your Quantitative Ability by taking a sectional test.
- 2.2 RBI Grade B Mains Syllabus 2020
- RBI Grade B Online Course 2021-22 by Oliveboard
RBI Grade B Syllabus & Exam Pattern
Before jumping on to the syllabus, let us first acquaint ourselves with the equally important exam pattern. Have a look at the RBI Grade B Phase-1 and Phase-2 exam patterns.
1. Phase-Wise RBI Grade B Exam Pattern 2021
1.1 RBI Grade B Phase 1 (Prelims) Exam Pattern (Online Examination – Objective Type)
Objective Type Test
No. of Questions
Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I.
1.2 RBI Grade B Phase II (Mains) Exam Pattern
RBI Grade B Exam Pattern: Phase-II – Online Examination
|Name of Paper||Type of Paper||Proposed
Economic and Social Issues
|50% Objective Type + 50% Descriptive, answers to be
typed with the help of the keyboard
|30 + 90
|50 + 50
English (Writing Skills)
|Descriptive, answers to be typed with the help of the keyboard||90 Minutes||100|
Finance and Management
|50% Objective Type + 50% Descriptive, answers to be typed. with the help of the keyboard||30 + 90
|50 + 50
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, candidate answers more than 4 questions in descriptive, the first 4 shall be evaluated.
- All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.
2. Complete RBI Grade B Syllabus 2021 (For Phase 1 & 2)
2.1 RBI Grade B Prelims Syllabus 2020
2.1.1 Quantitative Aptitude
|· Averages||· Problems on Ages,|
|· Data Interpretation||· Profit & Loss,|
|· Data Sufficiency||· Quadratic Equations,|
|· Mensuration||· Ratio & Proportion,|
|· Mixtures & Alligation||· Simple Interest & Compound Interest,|
|· Number Series||· Time, Speed & Distance.|
|· Partnerships||· Work & Time|
|· Percentages||· Quantity Comparison|
2.1.2 English Language
|· Reading Comprehension||· Sentence Improvement|
|· Cloze Test||· Phrase Replacement|
|· Error Spotting||· Antonyms/Synonyms|
|· Para Jumbles||· Idioms and Phrases|
|· Fillers – Single, Double||· One-Word Substitution|
2.1.3 Reasoning Ability
|· Seating Arrangement – Linear & Circular,
People Sitting around a table
|· Distance & Direction||· Syllogisms|
|· Coded Inequalities||· Input-Output Puzzles|
|· Coding-Decoding||· Logical Reasoning|
|· Alphanumeric Series||· Blood Relations|
|· Order & Ranking||· Data Sufficiency|
2.1.4 General Awareness
- Banking and Financial Awareness
- Static General Knowledge
- Current Affairs
2.2 RBI Grade B Mains Syllabus 2020
1. Paper-I – Economic and Social Issues (ESI):
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 History of India
· Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991
· Priorities and recommendations of Economic Survey and Union Budget
· Indian Money and Financial Markets: Linkages with the economy
· Role of Indian banks and Reserve Bank in the development process
· Public Finance
· Political Economy
· Industrial Developments in India- Indian Agriculture
· Services sector in India.
· Opening up of the Indian Economy
· Balance of Payments, Export-Import Policy
· International Economic Institutions
· IMF and World Bank
· Regional Economic Cooperation; International Economic Issues.
Social Structure in India
· Demographic Trends
· Urbanisation 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.
Suggested reference material:
- Books: 1. Indian Economy: Uma Kapila (series of books) 2. Indian Economy: Mishra & Puri (Latest Edition) 3. Growth and Development: Devraj Ray 4. Sociology: C.N. Shankar Rao 5. Public Finance – K K Andley and Sundaram
- Newspapers including Mint, Business Line,
- Magazines/Periodicals/ Bulletins including RBI Bulletins, EPW, India Today,
- Reports: 1. World Development Report 2. Economic Survey of India 3. RBI Annual Report 4. Report on Trend and Progress of Banking in India. 5. IMF: World Economic Outlook
- Material sourced from RBI website
2. Paper-II -English (Writing Skills):
The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.
3. Paper-III – Finance and Management:
· Regulators of Banks and Financial Institutions.
· Reserve Bank of India- functions, and conduct monetary policy.
· Banking System in India – Structure, and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing landscape of banking sector.
· Impact of the Global Financial Crisis of 2007-08 and the Indian response.
· Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
· Risk Management in Banking Sector
· Basics of Derivatives
· Global financial markets and International Banking – broad trends and latest developments.
· Financial Inclusion
· Alternate source of finance, private and social cost-benefit, Public-Private Partnership
· Corporate Governance in the Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector.
· The Union Budget – Concepts, approach, and broad trends
· Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends; striking a balance between inflation and growth through monetary and fiscal policies.
Suggested reference material:
- Monetary Theory and Public Policy – Kenneth Kurihara
- Indian Economy – Mishra & Puri
- Economic Growth and Development – Mayer and Baldwin
- Financial Management – Prasanna Chandra
- Major financial newspapers
- International business by Hill and Jain
- RBI Annual Report, Report on Trend and Progress of Banking in India,
- Economic Survey
- Material sourced from RBI website
Fundamentals of Management & Organizational Behaviour
· Introduction to management
· Evolution of management thought: Scientific, Administrative, Human Relations, and Systems approach to management.
· Management functions and Managerial roles
· Nudge theory
Meaning & concept of organizational behaviour
· Personality: meaning, factors affecting personality, Big five model of personality
· Concept of reinforcement
· Perception: concept, perceptual errors.
· Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfer’s ERG theory, Mc Clleland’s theory of needs, Herzberg’s two-factor theory) & Process theories (Adams equity theory, Vroom’s expectancy theory).
· Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and
· Transformational Leadership
· Emotional Intelligence: Concept, Importance, Dimensions.
· Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window
· Conflict: Concept, Sources, Types, Management of Conflict
· Organizational Change: Concept, Kurt Lewin Theory of Change
· Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).
Ethics at the Workplace
· Meaning of ethics, why ethical problems occur in business.
· Theories of ethics: Utilitarianism: weighing social cost and benefits, rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring,
· An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory
· Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc.
· Ethical Principles in Business: introduction, Organization Structure, and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.
· Factors affecting Corporate Governance
· Mechanisms of Corporate Governance
· 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
Suggested reference material:
- Stephen P. Robbins & Mary Coulter,
- Robbins Stephen P and Judge T.A. Vohra, Organisational Behaviour
- Dessler Gary, Warkkey Biju- Human Resource Management
- Decenzo and Robbins- Fundamentals of Human Resource Management
- Velasquez Manuel G: Business Ethics- Concepts and
- Fernando A.C.: Business Ethics – An Indian
- Crane Andrew & Matten Dirk: Business Ethics
- Ghosh BN: Business Ethics & Corporate Governance
That brings us to the end of this article. We hope the RBI Grade B Syllabus 2021 provided here helps you plan your study and are well prepared before the exam. Join our exclusive RBI Grade B Cracker course and learn from some of the best faculties in the country.
RBI Grade B Online Course 2021-22 by Oliveboard
If you are someone who is aiming to crack RBI Grade B Exam and are confused about how to go about the preparation, Oliveboard has come up with RBI Grade B Online Cracker Course to help you ace the RBI Grade B exam for serious aspirants. Read below what is included in the Course.
Oliveboard offers the best RBI Grade B Online Coaching that can help you prepare comprehensively for the exam. Oliveboard’s RBI Grade B Online Course 2021-22 will be your one-stop destination for all your preparation needs
1. Course Details
RBI Grade B Cracker is designed to cover the complete syllabus for the 3 most important subjects: GA for Phase 1 and Objective + Descriptive portions of ESI + F&M for Phase 2 exam.
Not just that, it also includes Mock Tests & Live Strategy Sessions for English, Quant & Reasoning for Phase 1. The course aims to complete your preparation in time for the release of the official notification.
RBI Grade B 2021-22
Crash Course Offerings
|Video Lessons & Study Notes||Mock Tests|
*We will get your ESI & FM descriptive answers evaluated!
1.2. How to enroll for the RBI Grade B Online Course 2021-22?
Sign up or log in using the link given below. You will be redirected to the payments page. Read the course offerings and subscribe to RBI Grade B 2021-22 Cracker Course.
Now that you are aware of the RBI Grade B Online Classes, why wait?
Get Started with RBI Grade B 2021-22 Online Course comprising Video Lessons, Detailed Study Notes & All-India Mock Tests for Phase-1 & Phase-2.
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