RBI Grade B Books 2023: Phase I & Phase II

RBI Grade B Books 2023: Phase 1 and Phase 2 Exam Preparation

RBI Grade B Books for Phase 1 & Phase II
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RBI Grade B Books for Phase 1 & II Exams

Hi Aspirants! As you prepare for the RBI Grade B exam, you will need clarification about what books to take. You do not need to worry anymore; in this article, you can get information about the right books you want to read and prepare for RBI Grade B.

One of the core elements of a candidate’s study plan should be the RBI Grade B Books. The RBI will publish the official RBI Grade B examination announcement in 2023. 

It is one of the most prominent exams in the banking industry. Applicants should utilise appropriate study materials covering every subject in the syllabus to crack the examination.

  • Phase 1, Phase 2, and Phase 3(interview) are the three phases that make up the RBI Grade B examination.
  • Each aspirant must use the most recent edition of the recommended books for the various stages and parts. A thorough list of books has provided on this page.
  • We’ve also included a thorough list of writers, book lists, and writers.

What is RBI Grade B exam?

The RBI Grade B examination is conducted by the Reserve Bank of India (RBI) annually to select candidates for Grade B officer posts. Compared to other bank exams, the RBI Grade B exam is tougher, and the limited number of vacancies makes it even more competitive. 

 

Candidates who successfully clear the examination can become Grade B officers in departments like General, DSIM (Department of Statistics and Information Management), and DEPR (Department of Economic and Policy Research). RBI Grade B is a reputed job in the banking sector. The good salary, job security, and career progression make it a good career option for the candidates. 

RBI Grade B Books : RBI Grade B Exam Overview

Exam Particulars

Details 

Exam name

RBI Grade B

Conducted by

Reserve Bank of India (RBI)

Posts offered 

Grade B officers in General, DEPR and DSIM

Exam level

National 

Exam frequency 

Once a year

Exam mode

Online 

Language 

English and Hindi

Selection process

  • Phase 1
  • Phase 2
  • GD/Interview 

Duration 

General:

Phase 1 – 120 minutes (with sectional timings)

Phase 2:

  • Paper I & III – 120 minutes
  • Paper II – 90 minutes

DEPR/DSIM:

  • Paper I – 120 minutes
  • Paper II – 180 minutes
  • Paper III – 90 minutes

Exam fee

General/OBC – INR 850/-

Others – INR 100/- 

Job Location

Across India

Official website

https://www.rbi.org.in/ 

RBI Grade B Exam Pattern & Syllabus: Phase I & II

Having a thorough knowledge of the exam pattern and syllabus is essential to secure good marks in the RBI Grade B examination. Read the table below to know the exam pattern and syllabus for the examination.

 

Exam pattern:

 

  • Phase I – General Awareness, English language, Quantitative Aptitude, Reasoning.
  • Phase II – Economic & Social Skills, writing ability, Finance & Management.
  • GD/Interview



Phase 

Subjects

Type of question

Time allotted

Maximum marks

Phase 1

General Awareness


English language


Quantitative Aptitude


Reasoning

Objective

120 minutes

200 marks

Phase 2

Paper 1

Economic & Social Skills

Objective (50%)

Descriptive (50%)

30+90 – 120 minutes

50+50 – 100 marks

Paper 2

Writing Ability

Descriptive 

90 minutes

100 marks

Paper 3

Finance & Management

Objective (50%)

Descriptive (50%)

30+90 – 120 minutes

50+50 – 100 marks



Exam syllabus:



 

Subjects 

Topics to be covered

Phase I

General Awareness

Current affairs, Indian banking systems, monetary plans, Indian financial systems, National institutions, banking terms.

English language

Reading comprehension, para jumbles, cloze test, fill in the blanks, paragraph completion, error spotting.

Quantitative Aptitude

Ratio & proportion, Mensuration, percentage, number series, time & distance, speed, simple & compound interest, mixture & allegation, stocks & shares, etc.

Reasoning 

Puzzles, inequalities, direction tests, syllogism, input-output, data sufficiency, logical reasoning, analogy, coding-decoding, ranking, etc.

Phase II

Economic & Social Skills

Growth & development, measurement of growth, National income & per capita income, industrial & labour policy, economic reforms, etc.

English (Writing Ability)

Descriptive test to analyse writing ability and English language comprehension.

Finance & Management

Management, performance appraisal, theories of motivation, communication, Role of IT, corporate governance, mechanism of corporate governance, etc.

 

Best books to succeed in RBI Grade B exams 2023

To ace your RBI Grade B examination, you need to know the name of the important books before beginning your exam preparation. Here is the list of books categorised according to the exam phases and subjects that you can use while preparing for your examination.

  • Books for Phase 1 exam preparation:

Subject 

Name of the books

General Awareness

  • Banking Awareness by Arihant Experts
  • Banking Awareness for SBI and IBPS Bank Clerk/PO/RBI Exams/RRB by Disha Expert
  • Manorama Yearbook (latest edition) by Malayala Manorama
  • Kurukshetra Magazine
  • Lucent’s General Knowledge by Dr. Binay Karna

English 

  • Objective General English by S. P. Bakshi
  • High School English Grammar & Composition by Wren & Martin
  • Word Power Made Simple by Norman Lewis

Quantitative Aptitude

  • Magical Book on Quicker Maths by M. Tyra
  • Quantum CAT by Sarvesh K. Verma
  • Fast Track Objective Arithmetic by Rajesh Verma 
  • How to Prepare for Quantitative Aptitude for CAT by Arun Sharma
  • Quantitative Aptitude for Competitive Examinations by R. S. Agarwal

Reasoning 

  • A Modern Approach to Verbal & Non-Verbal Reasoning by R. S. Aggarwal
  • Analytical Reasoning by M. K. Pandey
  • Test of Reasoning by Edgar Thorpe
  • A New Approach To Reasoning: Verbal, Non-Verbal & Analytical by B. S. Sijwali

Books for Phase 2 exam preparation: Phase II

Subjects 

Name of books

Economic & Social Skills

  • Indian Economy by Uma Kapila (series of books)
  • Indian Economy by Mishra & Puri (latest edition)
  • Growth & Development: Devraj Ray
  • Sociology: C. N. Shankar Rao
  • Public Finance by K. K. Andley and Sundaram

Finance & Management

  • Indian Financial System by M. Y. Khan
  • Indian Financial System by Bharati V Pathak
  • Monetary Theory and Public Policy by Kenneth Kurihara
  • Principles of Management by P. C. Tripathi
  • Financial Management by Prasanna Chandra
  • Indian Economy by Mishra & Puri

English 

  • Objective English by Edgar Thorpe
  • Objective General English by R. S. Aggarwal, Vikas Aggarwal
  • Word Power Made Easy by Norman Lewis 

RBI Grade B Books : Reports and other sources

Apart from the above books, you also need to go through some reports and surveys. You can look into

  • World Develop Report
  • Economic Survey of India
  • Union Budget
  • Investopedia Website
  • RBI’s Annual Report
  • Sample question papers by RBI
  • FAQ section of the RBI website.

How to prepare for RBI Grade B examinations? : TIPS

You might feel overwhelmed by the number of books you need to study for your exam. Here are some tips you can follow while preparing for your RBI Grade B examination.

  • Set a timetable. Scheduling your exam preparation can help you study in an organized manner and cover more topics.
  • Make notes. Regularly make notes of all the topics that you studied that day.
  • Focus on subjects you are weak in. Give extra attention to topics that you find difficult.
  • Set achievable targets while studying, like covering a topic within the given time. This will boost your speed and increase your reading ability.
  • If you have limited time to prepare for the examination, focus on important topics. Refer to the previous year’s question papers and important books.
  • Apart from finance, banking and economics, the exam also has questions about facts and current affairs. So read newspapers, magazines and other standard publications.

Why become an RBI Grade B officer? (benefits)?

  • one main factor that attracts many candidates for this job is the RBI Grade B salary package. The candidates qualified for the job are offered a basic pay of INR 55,200/- per month. The candidates will also be entitled to allowances like local allowance, house rent allowance, and family allowance. 
  • Once qualified as an RBI Grade B officer, the candidates have several career growth opportunities that help them progress faster in their careers. They can move to higher management positions like Manager, General Manager, Executive Director and Governor. 
  • Exposure to various banking areas. RBI is India’s central bank and holds a higher position among other banks. This gives them the opportunity to gain more exposure and learn more about banking and other related areas.
  • Apart from a handsome salary package, the candidates also receive various allowances. Here is a list of the allowances provided to an RBI Grade B officer.
  1. Dearness Allowance
  2. Local Allowance
  3. House Rent Allowance
  4. Family Allowance
  5. Grade Allowance
  6. Medical Allowance

RBI Grade B Books 2023: Faqs

  • Q: What are the Nationality requirements for the RBI Grade B examination?

    Ans: A candidate who wishes to apply for the RBI Grade B examination should come under any of the categories listed below.

    • A citizen of India
    • A citizen of Nepal
    • A citizen of Bhutan
    • A Tibetan refugee intending to permanently settle in India.
    • People of Indian origin who migrated from Pakistan, Sri Lanka, Burma, East African countries of Kenya, the United Republic of Tanzania, Zambia, Uganda, Ethiopia, Zaire, Malawi and Vietnam who intend to settle in India permanently.

  • Q: Is the RBI Grade B examination tough?

    Ans: It is no secret that the RBI Grade B examination is one of the toughest examinations to crack in India. This is because of the elaborate syllabus and the limited number of vacancies available for the job. But with careful and dedicated preparation, you can clear the RBI Grade B examination with flying colours.

  • Q:What is the required age limit for RBI Grade B candidates?

    Ans: Candidates between the age of 21 to 30 years are eligible to participate in the RBI Grade B examination.

  • Q: What educational qualifications are required to attend the RBI Grade B exam?

    Ans: To apply for the RBI Grade B examination, the candidates should fulfil the following educational qualifications.

    • A graduate degree in any discipline or equivalent professional or technical qualification with minimum 60% marks (50% for SC/ST/PwBD).
    • Post-graduates should have a minimum of 55% (pass marks for SC/ST/PwBD) in all semesters.

  • Q: What are the factors affecting your RBI Grade B cut-off?

    Ans: There are some factors that influence the overall cut-off of your RBI Grade B exam. They are as follows.

    • The level of difficulty of the exam.
    • Number of candidates appearing for the exam.
    • Number of vacancies available.
    • Normalisation process.

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