RBI Exam – Reserve Bank of India Exam

RBI Exam-1

RBI Exam – Reserve Bank of India Exam acronym as RBI Exam is conducted by the Apex bank  i.e Reserve Bank of India Service Board, Mumbai for selection and appointment of RBI GR –‘A’/’B’ Officers. RBI Exam is one of the common Banking Exams in India.

RBI Exam Eligibility:

Eligibility conditions for taking Reserve Bank of India Recruitment exam are as follows:

Educational Qualification

  1. A First Class Bachelor’s Degree with a minimum of 60% marks or an equivalent grade OR 
  2. A Second Class Master’s Degree with a minimum of 55% marks or an equivalent grade OR
  3. A Doctorate Degree with 50% marks in Master’s Degree or equivalent grade OR
  4. Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor’s Degree OR
  5. A Post Graduate Diploma in Management from IIM only.

However SC/ST/PH candidates having second class with a minimum of 50% marks or equivalent grade in Bachelor’s Degree examination OR having a Post-graduate Degree or equivalent recognized qualification, are eligible to apply.

Age The aspiring candidate should be between the age group of 21 years and and 30 years. However for candidates possessing M.Phil. /Ph.D. qualification, upper age limit will be 31years and 33 years  years respectively. For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector, upper age limit is relaxed to the extent of number of years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. Other age limit relaxations are as per Government Rules and Regulations

Nationality A candidate must be either a citizen of India or one holding eligibility certificates issued by the Government of India.

RBI Exam Pattern:

RBI Grade A/B Officers Exam consists of following two steps selection process.

Step 1 Phase I Written Test (Objective Type) Candidate will be called for an objective and descriptive type written Examination. Question paper will be in bilingual form. i.e. in Hindi and English except the test of English language. The Objective type examination will consist of:

  • Test of Reasoning
  • Test of Quantitative Aptitude
  • Test of Comp Lit/English
  • Test of General Awareness.

Maximum time allowed for Objective type examination will be 3 Hr.

Step 2 Phase II (Descriptive Type) The Phase II Examination will be conducted only for those candidates who are successful in Phase I (Objective Type Test). The date and time-table will be intimated to the candidates concerned. The Examination will consist of three Descriptive Type papers –

S.No Subject Time Allowed Maximum Marks
Paper I English 3 Hr. 100
Paper II Economic and Social Issues 3 Hr. 100
Paper III Finance and Management 3 Hr. 100

Note: Papers II and III of Phase II will be set bilingually in Hindi and English and can be answered either in Hindi or English at the candidate’s option.

Important: A candidate has to qualify in each of the Descriptive Papers separately. Candidates will be short-listed for interview based on the aggregate marks obtained only in Phase II – Papers I, II and III. The minimum cut off marks for being short-listed will be decided by the Board in relation to the number of vacancies.

Step 3 Qualifying candidates will be called for Group Discussion and Interview and the shortlisted candidates from Step 2 will be considered for final selection to the post of probationary officer.

Note: Candidates may answer the Interview either in Hindi or English at their option. Final selection will be based on the performance of the candidate in Phase II of the Written exam and Interview. Important: Candidates belonging to General Category, who had already appeared four times for Written Exam for post in the past, are not eligible to apply. No such restriction to candidates belonging to SC/ST/OBC/PH.

RBI Exam Syllabus:

The syllabus of SBI Probationary officers Exams, its associate Banks and other nationalized banks of India is as follows:-

Part A: Syllabus for the Objective type exam

1. Test of Reasoning: This test would include questions of both verbal and non-verbal type. The test may include questions on analogies, similarities, differences, space visualization, problem-solving, analysis, judgment, decision-making, visual memory, discrimination, observation, relationship concepts, arithmetical reasoning, verbal and figure classification, arithmetical number series, etc. The test will also include questions designed to test the candidate’s abilities to deal with abstract ideas and symbols and their relationships, arithmetical computation and other analytical functions.

2. Test of English Language: This is a test to see how well you know English. English language ability would be tested through questions on grammar, vocabulary, sentence completion, synonyms, antonyms, comprehension of a passage, etc.

3. Test of Numerical Ability: Questions will be designed to test the ability of arithmetical computation of whole numbers, decimals and fractions and relationship between numbers. The questions would be based on arithmetical concepts and relationship between numbers and not on complicated arithmetical computations.

4. Test of General Knowledge and General Awareness The questions in Clerical Aptitude will be set to test the perceptual accuracy and aptitude. This is the ability to notice similarities and differences between the pairs of names and numbers. Questions in Clerical Aptitude will also assess in addition to perceptual accuracy and aptitude, ability to handle office routine work like filing, abbreviating, indexing, etc.

Part B: Syllabus for the subjective exam: –

Paper I – English: Essay, Précis writing, Comprehension, Business/Office Correspondence.

Paper II – Economic and Social Issues: 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 Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatisation – Role of Economic Planning. Globalization – Opening up of the Indian Economy -Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO -Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice : Positive Discrimination in favour of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

Paper III – Finance and Management: Finance :The Union Budget – Direct and Indirect taxes; Non-tax sources of revenue; Outlays; New Measures; Financial Sector Reforms; Capital Market, Money Market and Foreign Exchange Market; Stock Exchanges and their Regulation; Capital Market Intermediaries and their Regulation; Role of SEBI; Functions of the Money Market; Growth and Operation of the Money Market; The Foreign Exchange Market; From FERA to FEMA; Exchange Rate Management; Exchange Risk Management; Role of Banks and Financial Institutions in Economic Development; Regulation of Banks and Financial Institutions; Disinvestment in Public Sector Units. Management : Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance appraisal – Potential appraisal and development -Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining Morale; Role of Incentives in Building up Morale. Communication: 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. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance. The above syllabus is only the broad guidelines and a candidate has to undergo whole of the syllabus exhaustively. The questions in Papers II and III will be basic in nature.

How to apply for RBI Exam?

Candidates can adopt any of the following give two procedures to apply for RBI Grade A/B exam. Candidates can apply for RBI Exam either on the prescribed Application form OFF-LINE or submit the application ON-LINE followed up by sending a printout of the ONLINE application to the RBI Board’s office.

For OFF-LINE application

Candidates can download the Format for Application from the link http://onlinedr.rbi.org.in. and send it with applicable amount of DD to “The General Manager, Reserve Bank of India Services Board, Post Bag No. 14501, Mumbai Central Post Office, Mumbai-400008″.

The cover of the application should be super scribed as “APPLICATION FOR THE POST __________”.

For ON-LINE application:

For ONLINE application candidate have to visit the online Links http://onlinedr.rbi.org.in/psc/recruitment/EMPLOYEE/HRMS/c/RBI_RCT_APL_MNU.RBI_RCT_APL_CMP.GBL OR http://onlinedr.rbi.org.in

Here the candidates can Apply ON-LINE with DD or IPO for Rs. 100/- (except SC/ST/PWD candidates who are exempted from payment of fees).

After applying ONLINE candidates MUST take a PRINTOUT of their ON-LINE application after submission of the data through the system. A signed photograph must be pasted (not to be stapled) at the specified place on the printout and the candidate must sign on the printout of the application and attach DD or IPO of Rs,100 (if required to pay fee).

Candidates is supposed to send the system generated print out of the ON-LINE Application to the Reserve Bank of India Services Board’s Office (RBISB) by ordinary post.

Important: In case the print out (hard copy) is not received by the Board by the prescribed CLOSING DATE mentioned in this advertisement, the ON-LINE application will will be rejected.

Applications should not be submitted more than once. Duplicate applications will be rejected. Note: Candidates should apply either by ON-LINE mode or OFF-LINE mode. They should not submit application by both the modes. Duplicate applications will be rejected.

RBI Exam Dates:

RBI Officers Grade Exam is normally held in the month of October-Novermber

RBI Exam Centres:

The main Examination Centers of this test are: Ahmedabad (11), Agartala (32), Aizawl (33) Bangalore (12), Bhopal (13), Bhubaneswar (14) Chandigarh (16) Chennai (17) Guwahati (18) Hyderabad (19) Imphal (34), Itanagar (35) Jaipur (20), Jammu (21), Kolkata (15), Kanpur (22), Kochi(23), Kohima (36) Lucknow (24) Mumbai (25) Nagpur (26) New Delhi (27) Panaji (28), Patna (29), Pune (30),Port Blair (37) Shillong (38) Thiruvananthapuram (31).

Questions related to Reserve Bank of India Exam:

  • Eligibility for taking RBI Grade B Exam?
  • Age limits for taking RBI Grade B Exam?
  • Books for RBI Grade B Exam?
  • Procedure to apply for RBI Grade B exam?
  • Syllabus for RBI Grade B Exam?

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