The Finance & Management Section is one of the two subject-oriented papers in RBI Grade B Mains. The RBI evaluates the candidate’s knowledge in the area of finance and management through this section. Hence, it is a bit on the tricky side for the candidates who are from non-finance and non-management backgrounds. However, the brighter side is the fact that the topics included in the syllabus are not extremely deep into the subject. But an exhaustive coverage over the foundational level on all the topics is a must for scoring high in this subject.
This article covers the answers to all the key areas concerning the Finance and Management Section For RBI Grade B Phase 2. Let’s get started:
The topics covered in the FM section for RBI Grade B Mains Exam are broadly divided into Finance and Management.
The following books may be referred to cover this topic exhaustively:
In addition to the above booklist, some additional resources that be referred for the preparation of FM Section for RBI Grade B Exam are:
The paper of the Finance & Management in RBI Grade B Mains Exam will consist of 65 questions carrying 100 marks. The duration of the paper is 90 minutes. It is an objective type paper, wherein each question will have one correct answer. The break-up of FM paper in RBI Grade B Mains is given below:
|Particulars||Number of Questions||Total Marks|
Following is an example of a question that may be asked in FM paper:
Q. Which of these techniques is used to evaluate an employee individually?
B. Paired Comparision
C. Forced Distribution
D. Graphic Rating Scale
Answer: D: Graphic Rating Scale
FM section is one of the most important sections for RBI Grade B Exam. You need to cover it exhaustively to get a high score. Scoring in Phase II is extremely crucial as it determines the final rank. The aspirants who are from non-finance or non-management background can follow these steps to master their concepts:
Step 1: If you’re from a non-finance background then, the key to master this paper is to start preparing early. Give at least 3-4 months for the preparation of this section. First and foremost, make a proper schedule and ensure you follow it thoroughly. At this time, glace through previous year question papers to get an idea of the type of questions asked.
Step 2: Make sure you have your basics clear. Even if you’re a management student, make sure to brush your concepts well. You can do so by referring to NCERTs and IGNOU notes.
Step 3: Start out by reading basic books on Management and Finance. The best can be Principles of Management by L.M. Prasad and Financial Management by Prasanna Chandra.
Step 4: Read additional resources to supplement your knowledge. It will also help you in gaining a better understanding of these topics. Also, it will help you in preparing for the interview simultaneously. Go through editorials and banking-centric current affairs analysis to get complete coverage of this section.
Step 5: Practice lots and lots of MCQ, start with solving previous year questions. Then solve mock tests, appear for weekly or monthly mock tests to assess your preparation and also to know where you stand amongst your peers. Reflect on where you’re going wrong to finetune your way forward!
With barely 5-6 months away from the RBI Grade B Mains Exam, this is the most crucial time for you to kickstart your preparation. Career Launcher brings to you detailed courses that are surely going to take you closer to your aspirations. You can get in touch with our course counselors for further details regarding our deliverables.