RBI Grade B Phase 2 is more of a subject-centric exam. It consists of three sections, English (Writing Skills), Finance & Management(F&M), and Economic & Social Issues (ESI). Each section is of 100 marks. While FM and ESI are objective papers, you are required to write your answers through the keyboard for English Paper. The allocated time for each paper is 90 minutes. Since the Phase-1 of RBI Grade B Exam is qualifying in nature, Phase-2 brings with itself a level playing field for all qualified applicants. Hence, it is important that you should be well aware of how to prepare for RBI Grade B Phase 2 Exam!
In this article, we will be looking at the syllabus of RBI Grade B Phase 2 along with the preparation tips curated by the CL experts for each section. This will definitely help you in your preparation journey for RBI Grade B Phase 2.
Here is a list of topics that are to be covered for FM and ESI:
Finance & Management
Economic & Social Issues
Regulation of Banks
Risk Management in Banking Sector
Technology in Finance
Human Resource Development
Motivation and Incentives
Regulators of banks and financial institutions
Development in the Financial Sector
Financial sector Regulations
The Managing Process
Role of Incentives
Role of Information Technology
Nature and Scope of Management
Growth and Development
Economic Reforms in India
Social Structure in India
Development in the Financial Sector Export-Import Policy
Balance of Payments
Rise in Inequality
Rigid Labour Law
Regionalism and Language Conflicts
Poor Education Standards
Social Structure in India
Employment Generation in India
Monetary and Fiscal Policy
Social Sectors in India
Benefits of International Trade
Direct and Indirect Taxes
Insurance and Capital Marketing
Now, let us look at the preparation strategy for each of these sections:
To prepare for this section, you need to prepare the financial system, financial markets and other general topics related to finance for Finance and Basic principles of Management and Organizational Behavior for Management. The recommended booklist for FM is given below. In addition to that, you can go through IGNOU notes on management to strengthen your foundation in that area.
Some of the important that you can refer while preparing for FM section in RBI Grade B Phase 2 are:
To prepare for this section, start with reading Economics NCERT for Classes 10th, 11th, and 12th. In addition to that, you can refer to Day to Day Economics by Satish Deodhar to make your foundation strong. The recommended booklist for this section is given below. In addition to that, you can read some important reports namely The Economic Survey of India and The World Development Report. Additionally, go through important monthly magazines like Yojna, Kurukshetra, Business India, RBI Bulletin and Economic and Political Weekly to prepare for this section.
Some of the additional books that you can refer while preparing ESI section for RBI Grade B Phase 2 exam include:
For further details concerning this section, click here.
For this section, Essay Writing is a very important area that needs a lot of practice. Primarily, the paper is divided into three parts, essay writing, precis writing, and comprehension. For essay writing, the word limit is generally 200-400 words. A good to practice writing essays is to write 3-4 essays on current topics each day and get them evaluated from your mentors. Keep revising the content as you may end up forgetting key points. To ace this section, it is important you make a rough draft before writing your final answer. Include all the points you can recall about the topic and add to the rough draft, next sort the relevant points and arrange them so as to make the final version look coherent.
Similarly, for precis writing, prepare a rough draft in which you write all the key points so as to ensure you do not miss anything from the given paragraph. Compress it by removing the additional information on those points.
The question of comprehension is easiest in this section as the answers are present in the passage that is given. The master tip is to not write the answers word by word as given in the passage. Write the answer in your own words. However, you can pick the jargon from the passage to make the answers look more polished.
This is a brief guide on how to prepare for RBI Grade B Phase 2! Now is your chance to prepare for the RBI Grade B Exam and fulfill your aspirations of becoming an officer in the central bank of India. Career Launcher brings to you comprehensive courses that can help you in preparing for these exams even from the comfort of your home. You can get in touch with our counselors to know more about our offerings.