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RBI Grade B Officer Syllabus, Best Books, Pattern

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Get to know Reserve Bank of India RBI Grade B recruitment exam pattern and procedure, syllabus, the best preparation and reference books. Download the official notification RBI Grade B Officer Exam.

Exam Pattern

The pattern of selection in the RBI Grade B Officer Recruitment Exam consist of Phase I, Phase 2 and Interview.

RBI Phase 1 Exam (200 Marks)

To begin with, the Phase 1 will be an ONLINE Exam. It will be Objective Type, MCQs based. The duration of the Phase I RBI Grade B Officer Exam will be 2 hours with 200 marks. 

The syllabus of the RBI Grade B officer Exam Phase 1 is as follows:
Subjects in RBI Grade B Officer exam Phase 1 Subject-wise books
General Awareness List of Books for General Awareness
English Language List of Books for Competitve English
Quantitative Aptitude List of Books for Quantitative Aptitude
Reasoning List of Books for Reasoning

RBI Phase 2 Exam (300 Marks)

The RBI Recruitment Exam Grade B Officer Phase 2 exam is MCQs-based in nature (except Paper 1). And will be conducted online.
The Phase II examination will consist of three papers. It will test candidates on 
  1. Paper 1 - English (Writing Skill) – 1½ hours
  2. Paper 2 - Economic and Social Issues – 1½ hours, and 
  3. Paper 3 (Optional) - Finance and Management / Economics / Statistics – 1½ hours

RBI Grade B Syllabus

Here is the syllabus of RBI Grade B Officer Recruitment Exam.

Phase 1

The RBI Grade B Officer Exam Phase 1 syllabus consist of:
General Awareness, English Language, Quantitative Aptitude and Reasoning

Phase 2

The Phase 2 exam of RBI Grade B consist of English (Paper 1), Economic and social Issues, Optional (Finance and Management,  Economics, Statistics)

English (Paper 1)

It basically assess candidates writing skill that includes expression and understanding of the topic.

Economic and social Issues (Paper 2)

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 Cooperation. 
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.

Finance and Management (Optional)

(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.
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.

Economics (Optional)

(a) Microeconomics
1. Consumers behaviour and firms; value of resources like land, labour and capital
2. Markets-monopoly, perfect and imperfect competition 
3. General Equilibrium of price and activity, economic welfare and case for
regulatory / policy interventions
(b) Macroeconomics
1. Measuring national income and its components; basic macro identities and idea of macro-balance; Goods and Financial Market Equilibrium (ISLM Framework)
2. Major macro-economic school of thoughts; Classical, Keynesian and Monetarist
3. Consumption and Investment demand; demand management policies and their effectiveness
4. Money demand and supply; monetary and fiscal policies 
(c) International Economics
1. Benefit of International trade; comparative and absolute advantage; effect of International trade on resources allocation and factor price equalisation; non-conventional trade barriers, optimum currency areas
and effect of customs union
2. International finance and exchange rates issues in an open economy, benefits and costs of an inter-connected financial markets; evolution of international financial architecture
(d) Public Economics
1. Public Goods, instruments of financing, government tax and non-tax revenue
2. Direct and Indirect taxes, efficiency costs of commodity taxes, income taxation, labour supply and savings, corporate taxation and corporate behaviour
3. Government expenditure policy-various components, deficit financing and its impact on the economy, government debt and crowding out of private capital
(e) India’s Economy and Development Issues
1. India’s experimentations with planned development models and the outcomes, structural issues-savings and investment, demography, urbanization, productivity, etc., issues with poverty, inequality and
2. Agriculture- policy and developments, manufacturing competitiveness; what is holding India back, role of public sector enterprises in the key economic sectors, India’s resilient service sector; trade, tourism,
communication, ITES, etc.
3. Financial sector regulation and reforms-banking, insurance and capital market, fiscal policy and the changing priorities of government, emergence of monetary policy and its new role.

Statistics (Optional)

(1) Probability: Random variables, Theorems of probability, Conditional probability, Independent events, Bayes' theorem and its application, expectation, moments, distribution functions, Binomial, Poisson, Geometric, Exponential, Negative binomial, Hyper geometric, Cauchy, Laplace, Logistic, Pareto, Log-normal, Beta and Gamma distributions, Weibull, Uniform, Bivariate normal distribution and truncated
distributions, Markov’s inequality, Chebyshev’s inequality, Cauchy Schwarz inequality, Laws of large numbers, Central limit theorems and applications.
(2) Statistical Methods: Population and sample, Measures of central tendencies Parameter and Statistic, Correlation and Regression, intraclass correlation, multiple and partial correlations, Spearman's coefficient
of rank correlation, Z, chi-square, t and F statistics and their properties and applications, Large sample distributions, Variance stabilizing transformations, sin inverse, square root, logarithmic and z transformation. 
(3) Linear Models: General Linear models, BLUE, method of least squares, Gauss-Markoff theorem, estimation of error variance, Simple and Multiple linear regression models, Important assumptions and treatments in case of assumption’s violation, Regression diagnostics, Analysis of variance in
one, two and three-way classifications, Analysis of Covariance in one and two-way classifications.
(4) Statistical Inference: Properties of estimators, MVUE, Rao-Blackwell and Lehmann-Scheffe theorems, Cramer-Rao inequality, methods of estimation, properties of maximum likelihood and other estimators, confidence intervals. Simple and composite hypotheses, Type I and Type II errors, size and power of a test, Most Powerful and Uniformly Most Powerful tests, Neyman-Pearson lemma, Likelihood Ratio test and its properties and applications. SPRT, OC and ASN functions, Tests of goodness of fit. Parametric vs. Non-parametric Test, Frequently-used nonparametric inferential statistical methods.
(5) Multivariate Analysis: Bivariate and Multivariate normal distribution, marginal and conditional distribution, Estimation of mean vector and covariance matrix, Asymptotic properties of estimators, Sampling distribution of X and S, Mahalanobis D2 and Hotelling's T2 and its applications.
(6) Optimisation Techniques and Statistical Quality Control: Linear Programming, Transportation Problem, Assignment Problem, Basics of Simulation, Quality control, Process Control and Product Control, control charts, Acceptance Sampling plan, single and double sampling plans (ASN, OC, ATI, LTPD, AOQL).
(7) Sample Surveys and Design of Experiments: Simple and Stratified random sampling, ratio and regression methods of estimation, Double sampling, Systematic, Cluster, two stage and PPS sampling. Sampling and Non-sampling errors. Principles of Design of Experiments, Completely Randomized Design, Randomized Block Design, Latin Square Design, missing plot technique, 22 and 23 factorial designs, Split-Plot Design and Balanced Incomplete Block Design, Fractional factorial experiments
(8) Applied Economic Statistics: Time Series vs. cross sectional data, Multiplicative and additive models, Auto-correlation, Partial autocorrelation, Smoothing techniques, Seasonal and cyclical adjustment.
Price and Quantity Index numbers, Types of index numbers and their properties. Chain and Fixed base index numbers, Cost of Living Index numbers, Wholesale Price Index, Consumer Price Index, Index of
Industrial Production, Gini’s coefficient, Lorenz curves, Application of Pareto and Lognormal as income distributions. 
(9) Vital Statistics: Sources of vital statistics compilation, Errors in census and registration data, Measurement of population, rate and ratio of vital events, Stationary and Stable population, Life Tables, Measures of Fertility, Mortality and Reproduction, Crude rates of natural growth, Pearl’s Vital Index. 
(10) Numerical Analysis: Principles of floating point computations and rounding errors, Linear Equations factorization methods, pivoting and scaling, residual error correction method, Iterative methods, Jacobi, Gauss-Seidel methods, Newton and Newton like methods, unconstrained optimization, Lagrange interpolation techniques, Cubic Splines, Error estimates, Polynomials and least squares approximation; Integration by interpolation, adaptive quadratures and Gauss methods.
(11) Basic Computer Applications: Functional organization of computers, algorithms, basic programming concepts, Program testing and debugging, Subprograms and Subroutines, Sorting/searching methods, Database Management Systems, Software Engineering, Basic of Networking, Internet Technologies, Web and HTML, Distributed systems, Programming using C, MINITAB and FORTRAN.

RBI Grade B Exam Books

Here is the complete, up-to-date list of best preparation and reference books for RBI Grade B Officer Exam in English and Hindi medium by Upkar Prakashan, Ramesh Publishing House, Kiran Prakashan and other.
The list of RBI Grade B books prepares candidates for Paper 1 Preliminary exam. Available in English and Hindi medium.

RBI Grade B English Ramesh R-143
Reserve Bank of India RBI Grade B Officers Exam Latest Edition
Medium: English
Publisher: Ramesh Publishing House
Code / ISBN No. R-143 / 978-93-5012-383-6 / 9789350123836
Price: Rs 410
रिज़र्व बैंक ऑफिसर्स परीक्षा (RBI Grade B Officers Exam) नवीनतम संस्करण
Medium: Hindi
Publisher: Ramesh Publishing House
Code / ISBN No. R-144 / 978-93-5012-382-9 / 9789350123829
Price: Rs 390
RBI Grade B Officers Online Exam Phase 1 Objective Type Practice Work Book (includes Model Solved Papers of 2009-2014)
Medium: English
Publisher: Kiran Prakashan
Code / ISBN No. KP1492
Price: Rs 395

Get the list of best RBI Grade B books.

RBI Grade B Previous Years Question Papers

Here is the list of RBI Grade B Previous Years/Past Years Question Papers in PDF Format. 

RBI Grade B Previous Years Question Papers

No. 1arpitaJune 13, 2013
thanks for the info.
No. 2zaiaJune 14, 2013
I wish to buy ramesh book. do you deliver books to aizwal, mizoram.
No. 3ranjit prasadJune 12, 2014
luccent genral science book hai