Reserve Bank of India (RBI) Exam Syllabus/ Selection Process/ Procedure/ Scheme of Selection for Recruitment of Officers (General): Reserve Bank of India (RBI) publish advertisement from time to time for recruitment of Officers in Grade 'B'(General). Eligible candidates who have applied for these post and now preparing to appear in exam can prepare themselves as per below given selection criteria.........
Scheme of Selection: Selection will be through Online Examinations and Interview. Examinations will be held in two phases as described in following paragraphs.
- Phase-I online Examination (Objective Type): This Paper for 200 marks. The Paper consists tests of (i) General Awareness (ii) English Language (iii) Quantitative Aptitude and (iv) Reasoning with composite time of 120 minutes.
- Phase-II online Examination: The Phase-II online Examination will be conducted only for the candidates who are shortlisted on the basis of results of Phase-I. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:
- Interview: Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I + Paper-II + Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.
Paper-I - 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 – Privatization – 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 – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.
Paper-II -English (Writing Skills): The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.
Paper-III -Finance and Management:
- (a) Financial System
- 1. Regulators of Banks and Financial Institutions
- 2. Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.
- (b) Financial Markets
- Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), functions, instruments, recent developments.
- (c) General Topics
- 1. Risk Management in Banking Sector
- 2. Basics of Derivatives: Forward, Futures and Swap
- 3. Changing Landscape of Banking sector
- 4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
- 5. Financial Inclusion- use of technology
- 6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
- 7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
- 8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
- 9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.