RBI Grade B Phase 2 Syllabus And Exam Pattern

Reserve Bank of India conducts RBI Grade B Phase 2 or RBI Grade B Mains for applicants who qualify RBI Grade B Prelims Exam. Phase 2 is conducted at a gap of about 10-12 days from the declaration of result of the Prelims Exam, hence it is extremely important for candidates to prepare the RBI Grade B Phase 2 syllabus beforehand.

The RBI Grade B Mains exam is more of a subject-centric exam and evaluates a candidate on the basis of their knowledge about economics, finance, banking system, social issues, and other relevant fields. A candidate's managerial and leadership skills are also tested through this paper.

Essentially, there are 3 papers in this exam namely Economic & Social Issues, English(Writing Skills) and Finance & Management. Let us look at the Exam Pattern of RBI Grade B Phase 2:

Exam Pattern of RBI Grade B Phase 2

The exam pattern of RBI Grade B Mains is as follows:

Name of Paper Type of Paper Duration Total Marks
Economic & Social Issues Objective 90 minutes 100
English (Writing Skills) Descriptive- Answers to be typed with the help of keyboard 90 minutes 100
Finance & Management Objective  90 minutes 100 

Now, let’s look at the syllabus of each of these subjects in detail:

RBI Grade B Phase 2 Syllabus of Economic & Social Issues| ESI Syllabus

The topics that are to be covered in ESI section for RBI Grade B Exam are mentioned below:

Economic Reforms In India
  • Industrial and Labour Policy
  • Monetary and Fiscal Policy
  • Privatization
  • Role of Economic Planning
Globalization
  • Opening up of Indian Economy
  • Balance of Payments
  • Export-Import Policy
  • International Economic Institutions
  • IMF and World Bank
  • WTO
  • Regional Economic Co-operation
Growth And Development
  • Measurement of growth: National Income and per capita income
  • Poverty Alleviation and Employment Generation in India
  • Sustainable Development and Environmental issues
Social Structure In India
  • Multiculturalism
  • Demographic Trends
  • Urbanization and Migration
  • Gender Issues
  • Social Justice: Positive Discrimination in favor of the underprivileged
  • Social Movements
  • Indian Political System
  • Human Development
  • Social Sectors in India
  • Health and Education

To know more about the preparation strategy and resources, question types and marking scheme, check our article on introduction to Economic & Social Issues here!

RBI Grade B Phase 2 Syllabus of English (Writing Skills)| Topics To Prepare For English RBI Grade Phase 2

The descriptive paper of English is designed to assess the writing skills and the understanding of the given topic. Majorly, there are three components of this paper namely

  • Essay Writing
  • Precis Writing (Summary Writing)
  • Comprehension

Now, each of these requires strategic preparation with a common element that is practice. There is no short cut to practicing answer writing for a wide range of topics. Make it a habit to write at least 2 essays each day and revise them properly.

To know more about the preparation strategy of English, check out our article on introduction to English (Writing Skills) paper here!

RBI Grade B Phase 2 Syllabus of Finance & Management | FM Syllabus

The syllabus of Finance & Management (FM) has two components namely Finance and Management. The syllabus of each of these components are discussed below:

Finance Syllabus for FM paper For RBI Grade B Exam 2020
Financial System
  • Regulators of Banks & Financial Institutions

  • Functions of RBI, the conduct of monetary policy, the Banking system of India, Financial Institutions (SIDBI, NABARD, EXIM, NHB)

Financial Markets
  • Primary & Secondary markets (Forex, Money, Bond, Equity), Functions, Instruments, Recent developments.

General Topics
  • Risk Management in the Banking sector

  • Basics of Derivatives: Forward, Futures, and Swap

  • Changing Landscape of Banking sector

  • Recent 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

  • Corporate Governance in the Banking sector, the role of e-governance in addressing the issues of corruption & inefficiency in the government sector

  • The Union budget – Direct and indirect taxes; Non-tax sources of Revenue, GST, 13th Finance Commission and GST, Finance Commission, Fiscal policy, Fiscal responsibility, and budget management act

  • Inflation: Definition, trends, estimates, consequences, and remedies: WPI, CPI – components of trends

 
Management
  • Nature & Scope

  • Processes (Planning, Organizing, Staffing, Directing, Controlling)

  • Role of a Manager in an organization

Leadership
  • Tasks of a leader

  • Styles & theories

  • Successful vs Effective leader

  • Human Resource Development:

  • Concepts & goals of HRD

  • Performance appraisal – Potential appraisal & development – Feedback & Performance counseling – Career planning – Training & development – Rewards – Employee welfare.

Motivation
  • Theories

  • Morale & Incentive

  • How managers motivate

  • Morale concept

  • Factors influencing morale

  • Role of incentives in building up morale

Communication
  • Steps in the communication process

  • Communication channels

  • Communication types: Oral vs Written; Verbal vs Non-verbal; Upward, downward & lateral

  • Role of IT

  • Barriers to communication

Corporate Governance
  • Mechanisms

  • Factors affecting corporate governance

Syllabus of Economic & Social Issues For RBI Grade B Mains | ESI Syllabus

The topics that are to be covered in ESI section for RBI Grade B Exam are mentioned below:

1. Economic Reforms In India:

  • Industrial and Labour Policy
  • Monetary and Fiscal Policy
  • Privatization
  • Role of Economic Planning

2. Globalization

  • Opening up of Indian Economy
  • Balance of Payments
  • Export-Import Policy
  • International Economic Institutions
  • IMF and World Bank
  • WTO
  • Regional Economic Co-operation

3. Growth And Development

  • Measurement of growth: National Income and per capita income
  • Poverty Alleviation and Employment Generation in India
  • Sustainable Development and Environmental issues

4. Social Structure In India

  • Multiculturalism
  • Demographic Trends
  • Urbanization and Migration
  • Gender Issues
  • Social Justice: Positive Discrimination in favor of the underprivileged
  • Social Movements
  • Indian Political System
  • Human Development
  • Social Sectors in India
  • Health and Education

To know more about the preparation strategy and resources, question types and marking scheme, check our article on introduction to Economic & Social Issues here!

Syllabus of English (Writing Skills) For RBI Grade B Mains | Topics To Prepare For English RBI Grade Phase 2

The descriptive paper of English is designed to assess the writing skills and the understanding of the given topic. Majorly, there are three components of this paper namely

  • Essay Writing
  • Precis Writing (Summary Writing)
  • Comprehension

Now, each of these requires strategic preparation with a common element that is practice. There is no short cut to practicing answer writing for a wide range of topics. Make it a habit to write at least 2 essays each day and revise them properly.

To know more about the preparation strategy of English, check out our article on introduction to English (Writing Skills) paper here!

Syllabus of Finance & Management For RBI Grade B Mains | FM Syllabus

The syllabus of Finance & Management (FM) has two components namely Finance and Management. The syllabus of each of these components are discussed below:

Finance Syllabus For FM Paper

Financial System
  • Regulators of Banks & Financial Institutions
  • Functions of RBI, the conduct of monetary policy, the Banking system of India, Financial Institutions (SIDBI, NABARD, EXIM, NHB)

Financial Markets

  • Primary & Secondary markets (Forex, Money, Bond, Equity), Functions, Instruments, Recent developments.
General Topics
  • Risk Management in the Banking sector
  • Basics of Derivatives: Forward, Futures, and Swap
  • Changing Landscape of Banking sector
  • Recent 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
  • Corporate Governance in the Banking sector, the role of e-governance in addressing the issues of corruption & inefficiency in the government sector
  • The Union budget – Direct and indirect taxes; Non-tax sources of Revenue, GST, 13th Finance Commission and GST, Finance Commission, Fiscal policy, Fiscal responsibility, and budget management act
  • Inflation: Definition, trends, estimates, consequences, and remedies: WPI, CPI – components of trends

Management Syllabus For FM Paper

Management
  • Nature & Scope
  • Processes (Planning, Organizing, Staffing, Directing, Controlling)
  • Role of a Manager in an organization
Leadership
  • Tasks of a leader
  • Styles & theories
  • Successful vs Effective leader
  • Human Resource Development:
  • Concepts & goals of HRD
  • Performance appraisal – Potential appraisal & development – Feedback & Performance counseling – Career planning – Training & development – Rewards – Employee welfare.
Motivation
  • Theories
  • Morale & Incentive
  • How managers motivate
  • Morale concept
  • Factors influencing morale
  • Role of incentives in building up morale
Communication
  • Steps in the communication process
  • Communication channels
  • Communication types: Oral vs Written; Verbal vs Non-verbal; Upward, downward & lateral
  • Role of IT
  • Barriers to communication
Corporate Governance
  • Mechanisms
  • Factors affecting corporate governance

Now that you know about the syllabus of FM, you may also want to check out resource list and preparation strategy, check our article on Introduction to Finance & Management here. 

RBI Grade B Phase 2 is an extremely important exam because the score of this exam determines your rank. Since RBI Grade B Prelims is qualifying in nature, this exam lets the candidate start afresh. Each candidate has an equal chance of selection, hence, your preparation for this phase should be well above the mark. If you’re from the non-economics background, the only strategy that may benefit you is START EARLY with the preparation of RBI Grade B Phase 2 syllabus, so that you can study the concepts from foundational level to an expert level.

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