RBI Grade B Officer Preparation Tips 2020

India’s central banking institution, Reserve Bank of India (RBI), releases a recruitment notification for the posts of Grade B Officer every year. The bank that controls the monetary policy of the Indian currency is expected to release the notification for Grade B Officers for over 600 vacancies. The online examination will be conducted in August/September tentatively. The recruitment notification from the country’s top banking institute, RBI, attracts all the job seekers including fresh graduates. Starting from the exam pattern to the syllabus, the RBI Grade B Officer exam is completely different compared to other banking exams. There are many myths amongst candidates that the exam is very tough to crack, specifically for beginners or freshers. Here is the important information a fresher should know before they start preparing for the Grade B Officer exam. In this article, we will go through in detail the RBI Grade B Officer Preparation Tips.

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RBI Grade B Officer Preparation Tips: Exam Pattern

The candidate should be well aware of the selection process and exam pattern before he starts preparing for the exam. The selection process of the RBI Grade B Officer Exam consists of two phases along with a personal interview. Both phases are conducted online.

Exam Pattern: Prelims

• The exam will be conducted for 2 hours.
• The first round or the prelims paper consists of four sections, namely, general awareness, English language, quantitative aptitude, and reasoning.

One has to secure minimum marks in each of these sections to clear the first phase. Only candidates who clear phase 1 are eligible to participate in the phase 2 exam. While coming to the final selection, only marks obtained in the mains exam and the interview will be considered. Phase one is only an eligibility test.

Exam Pattern: Mains

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RBI Grade B Officer Preparation Tips: Know About Reserve Bank of India (RBI)

It is very important to know about the Reserve Bank of India (RBI) before starting the preparation for the Grade B Officer exam. Getting familiar with the role and responsibilities of RBI not only helps you crack the online written examination but also during the personal interview. Focus on key functions such as policy rates and reserve ratios.

RBI Grade B Officer Preparation Tips:  Number of Attempts

A fresher should know that there is a restriction on the number of attempts one can make to become a Grade B officer in RBI. If you are serious about getting into RBI as a Grade B officer, never waste the attempts. Aspirants belonging to the general merit category are allowed to take six attempts to clear the prelims online examination. However, for candidates belonging to SC/ST and OBC castes, there is no restriction on attempts.

RBI Grade B Officer Preparation Tips: Understand the Syllabus

The official notification has provided the detailed syllabus for the mains examination and provided the section names for the prelims exam. Aspirants have to go through the syllabus of the other competitive examinations such as SSC CGL and IBPS PO to understand what exactly each of the sections of the prelims carries. Though the format of the questions will be different in the RBI Grade B Officer exam, one can consider the syllabus of the other competitive exams mentioned above. The RBI will provide detailed information about the examination in an information handout, which will be released along with the admit card for phase II.

RBI Grade B Officer Preparation Tips: Follow Trending Issues in Economy & Finance

If you are new to the RBI examination, start your preparation with the basic concepts of RBI apart from following the trending issues in economy and finance. Stay updated with the current affairs related to the banking, stock exchange, budget, economy, finance, etc; this will accustom you to the exam preparation. Also, go through business and finance columns written by experts in various newspapers and magazines.

Last but not least:  Make an Effective Study Schedule

A fresher or a beginner should put in extra efforts compared to senior candidates to crack the RBI Grade B Officer examination. Hence, one should prepare an effective study schedule. If you are not from any finance background, acquaint yourself with financial terminology and basic concepts. Make a study schedule that should focus primarily on the prelims exam. Once you are confident about prelims, you can draft a new plan to prepare for the mains exam, because the screening round is very difficult to crack in almost all the examinations because of the high competition.

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