How to Clear the RBI Grade B 2023 Exam While Working?

RBI Grade B is a tough exam that only a handful of lakhs of aspirants crack every year including working Professionals. But, what sets the winners apart? They have endurance, determination, resilience, ambition, and enthusiasm to win. In this blog post, we’ll share with you an RBI Grade B Manager’s tips to achieve your dream of becoming an RBI Grade B officer. Dive into the pool of preparation by taking a Free Mock Test & point out your strengths and weaknesses for further improvement.

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RBI Grade B Phase I 2023 Exam Pattern

S. No.	Objective Type Test	No. of Questions	Marks	Time
(i)	General Awareness	80	80	25 mins
(ii)	Reasoning	60	60	45 mins
(iii)	English Language	30	30	25 mins
(iv)	Quantitative Aptitude	30	30	25 mins
	Total	200	200	120 mins

RBI Grade B Mains Exam Pattern

The mains exam has 3 separate tests-two objective and one descriptive. RBI Grade B mains exam pattern is given below:

Name of Test	Paper Type	Maximum Marks	Time Allotted
Paper I – Economic and Social Issues	-50 percent Objective Test -50 percent Descriptive Test	5050	30 mins90 mins
Paper-II – English (Writing Skills)	Descriptive Test	100	90 mins
Paper III – Finance and Management	-50 percent Objective Test -50 percent Descriptive Test	100	30 mins90 mins

RBI Grade B Exam Pattern for Interview

To get a chance to get interviewed for the Gr B (General) position, you need to ace all three papers in Phase II exam. How well you do in the interview will depend on 75 points that we will award you based on your performance.

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How to Clear the RBI grade B 2023 Exam while working?-RBI Grade B Manager’s Tips

Let’s dive into how you can kick off your exam preparation with a bang!

How to Kickstart Your Preparation?

1. Familiarize yourself with the entire syllabus by going over it multiple times. This will help you identify the topics you need to cover.
2. Know the exam pattern (Phase-1 & Phase-2) inside out.
3. Ask yourself if you are committed to preparing for this exam and willing to give up some comforts and work hard and smart for it.
4. Begin with the basics if you are a novice.
5. Create your own study plan.
6. Master the fundamentals of Phase-1 Subjects (Quants, Reasoning, English & GA) and then progress to the basics of Economics, Finance, and Management.
7. Read Newspaper articles daily. You can choose two different newspapers (One general and one focused on Economy & Finance). Some of the popular newspapers among RBI Grade B aspirants are Hindu, The Indian Express, Economic Times, Financial Times, Live Mint, Business Standard, etc.
8. Review the Past Years’ Papers and comprehend the types of questions asked. Also, learn the trend of the past year’s cut-off marks for Phase-1 & Phase-2.
9. Attempt a Free Phase-1 Mock Test. Analyse it in depth. Recognize your strengths and weaknesses. Based on the analysis, work on them. Practice questions that you are strong and weak in and try as hard as you can to improve your speed and accuracy.

RBI grade B 2023 Time Management Tips

• Make every minute count. As a working professional, you need to be super-efficient with your time.
• Stick to a study routine. Whether you study for one hour or four, do it every day. Consistency and persistence are the keys.

RBI Grade B 2023 Preparation Tips

1. Master the basics. You need a solid foundation to ace the exam. Both Phase-1 and Phase-2 test your fundamental knowledge.
2. Write, write, write. Every week, practice writing essays, letters, and precis. Also, work on ESI and FM descriptive and objective answers.
3. Stay updated on current affairs. They are crucial for both phases of the exam. Focus on the last 6-8 months, especially the last 3 months.
4. Take mock tests for both phases. Analyse every question and answer in detail. Learn from your mistakes and improve your performance.
5. Revise, revise, revise. Don’t let anything slip from your memory. Go over the concepts, notes, formulae, current affairs, ESI and FM topics, and writing tips regularly.

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RBI Grade B 2023-Preparation Plan as Per Major Changes

Given below are the major changes that this year’s RBI notification has revealed:

Economic and Social Issues: Major Changes

1. Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice

Last year, we studied some things about “Social Justice”, but this year they are not in the book. But social justice means making sure everyone is healthy, educated, and treated fairly, especially those who are poor or left out. So I think we should still learn about these things from last year and care about social justice.

Social Justice: Positive Discrimination in favour of the underprivileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

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• Grab Weekly Current Affairs- Download Free PDF

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General Finance: Major Changes

1. Recent Developments in Global Financial System and its impact on Indian Financial System

Before, the RBI Grade B syllabus only covered the 2008 financial crisis and its aftermath or fallout. Now, it’s wider. We have to catch up with the latest trends too.

2. Role of Information Technology in Banking and Finance

Before, “FinTech” stood alone as a sub-topic. Now, we need to dig deeper into how IT helps us keep up with the shifting sands of banking and finance.

3. Financial Risk Management

Before, we focused on risk management in banking. Now, we have to cover the whole financial sector.

4. Basics of Accounting and Financial Statements – Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor Days, Inventory Turnover, Return on Assets, Return on Equity, etc.)

Modified Topics

1. Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice

– These chapters will remain changed in our course

2. Recent Developments in Global Financial System and its impact on Indian Financial System

– Chapter 11 of Finance will be modified to accommodate the changes.

3. Role of Information Technology in Banking and Finance

– We will add a new chapter having all the important concepts/events in one place.

4. Financial Risk Management

Chapter 7 will be modified to accommodate these changes.

New Addition

5. Basics of Accounting and Financial Statements – Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor Days, Inventory Turnover, Return on Assets, Return on Equity, etc.)

So, we’ll split these topics into two parts for our RBI Grade B Course: Accounting Basics, and Financial Statements and Ratio Analysis.

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Also read: RBI Grade B 2023 Notification-Changes in the Syllabus

Free Resources for RBI Grade B Preparation on PracticeMock

Here are the 4 Effective resources that you can get access to for free Preparation:

1. Mint Analysis (Vishleshan)
2. Schemes Chronicles
3. Mint StatiCA
4. Bazooka Series (Specifically for Phase 1)

Takeaway

The tips suggested and the study resources (along with a Free Mock Test to skyrocket your preparation) given above including a modular approach, time management, regular study, online mock tests, and revision are key strategies for success. By adopting it any dedicated working professional can clear the RBI Grade B exam.