Can freshers with no exposure in the finance or banking fields give RBI Grade B exam?

Let’s clear some air around this

The first thing that comes to the mind when a fresher hears about RBI Grade B is thorough knowledge of Finance and Economics. It is usually assumed that you need to be at least commerce graduate or should have clear certain exams and you can’t clear this with self-study.

None of this is true.

No doubt that there are very fewer opportunities and there is cut throat competition. But all this can be taken care of with a good strategy in place.

Let us focus on strategy for beginners

Know the pattern

You need to be acquainted with the pattern of the exam. The selection procedure of RBI Grade B Officer exam consists of two phases besides a personal interview. Both the phases are conducted online. The duration of the exam is 120 minutes. The screening round paper consists of four sections, namely, general awareness, English language, quantitative aptitude and reasoning. One has to secure minimum marks in every section to clear the examination. Only candidates who have cleared phase 1 are eligible to take the phase 2 exam. While coming to the final selection, only marks obtained in the phase 2 exam and the interview will be considered. RBI has released the detailed syllabus for every paper in phase 2.

Name of the Paper

Type of Paper

Time (In Minutes)


Paper I: Economic & Social Issues

Objective Type



Paper II: English (Writing Skills)

Descriptive, to be typed with the help of the keyboard



Paper III: Finance & Management

Objective Type



You should see the cut off first and see how you would be able to clear that.

Know About Reserve Bank Of India (RBI) It is very important to know about the Reserve Bank of India (RBI) prior to starting the preparation for the Grade B Officer exam. Getting accustomed with the role and responsibilities of RBI will not only help you crack the online examination but also will help you during the personality interview. Pay special attention to the key functions such as policy rates and reserve ratios.

Number Of Attempts

A fresher should have a clear idea with respect to the restrictions on the number of attempts. If you are a serious aspirant, never waste the attempts. Candidates belonging to the general category have only six attempts to clear the phase 1 online examination. However, there is no such restriction on candidates belonging to SC/ST and OBC castes.

Understand The Syllabus Of Phases 1 & 2

The official notification has clearly provided the detailed syllabus for the phase 2 examination and provided the section names in phase 1. Aspirants have to tour the syllabus of the other competitive examinations such as SSC CGL and IBPS PO to know what exactly the section carries. Though the format of the questions will be different in the RBI Grade B Officer exam, one can consider the syllabus. The bank will provide the detailed information about the examination in an information handout.

Follow Trending Issues In Economy & Finance

If you are a fresher to the RBI examination, start your preparation with the basic concepts of RBI besides following the trending issues in economy and finance. Stay updated with the current affairs related to the banking, budget, economy, stock exchange and finance; this will acquaint you with the exam preparation. Also, read business and finance columns written by experts.

Make An Effective Study Schedule

To be honest, a fresher or a beginner has to put in extra efforts when compared to a senior aspirant when it comes to cracking the RBI Grade B Officer examination. Hence, one should prepare an effective study schedule. If you are not from any finance background, acquaint yourself with financial terminology and basic concepts. Make a study schedule which should focus primarily on phase 1. Once you are confident about phase 1, you can draft a new plan to prepare for phase 2 because the screening round is tough in almost all the examinations because of the competition.

Also make it a habit to read newspapers like The Hindu and Economic Times. Try to understand and remember various facts, figures and data related to Indian Economy and the Indian Financial System It is recommended that you keep the syllabus in front of you when you are preparing for the exam and reading up on the material. This would help you utilize your time optimally and cover all the topics mentioned in a smart way. Remember in the long run, smart work pays off more than hard work. Go through the RBI website for information on various topics and institutions. You should also develop a habit of reading financial newspapers like Economic Times, Hindu Business Line, etc

"A dream doesn't become reality through magic; it takes sweat, determination and hard work."

Speak to our career counselor