RBI Grade B 2021 Phase II- Detailed Syllabus of ESI & FM

Hope your RBI Grade B 2021 Phase I exam which took place on March 6, 2021 went well. Now you must be anxiously waiting for its results. But at the same time, we hope that you would be aware that Phase II of RBI Grade B 2021 exam isn’t that far. This exam is on April 1, 2021, which leaves you with only 27 days of preparation. You should stop worrying about the results and get started with its preparation now. Considering the fact that the syllabus is extremely vast and there is too much to be covered, you should not waste a single minute of your time. This year, the number of vacancies is 322 which is slightly higher than the vacancies in previous years.

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Well! The number of increased vacancies is a slight one and you should not feel complacent about the preparation of Phase II. In this article, we are providing you with the detailed information on this exam’s syllabus. Not only will this information help you in a comprehensive preparation of this exam, but it will also ensure that no important topic is missed. You can also check RBI Grade B Notes which is available on our platform. You can view the notes of the 1st chapter free of cost. Let’s now have a look at the exam pattern of RBI Grade B Phase II.

RBI Grade B 2021 Phase II Exam Pattern

Section	No. of Questions	Marks	Duration
Paper I: Economic and Social Issues– 50% Objective & 50% Descriptive	30 Objective Questions & 6 Descriptive Questions of which 4 have to be answered	100	120 minutes
Paper II: English (Writing Skills)	3	100	90 minutes
Paper III: Finance and Management– 50% Objective & 50% Descriptive	30 Objective Questions & 6 Descriptive Questions of which 4 have to be answered	100	120 minutes

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As you can see, there are 2 sections which need your complete attention right away: Economic & Social Issues and Finance and Management. The 3rd section is English (Writing Skills) which is pretty much similar to what is asked in similar banking exams. For this section, devoting 30 minutes on a daily basis is more than enough. But you need to devote 8-9 hours of preparation towards Economic & Social Issues and Finance and Management. Please note that this year there is a change of exam pattern in place, where descriptive questions have also been included. Let’s now have a look at the syllabus of these 2 sections.

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Economic and Social Issues Syllabus

Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.

Indian Economy – Economic History of India – Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 – Priorities and recommendations of Economic Survey and Union Budget – Indian Money and Financial Markets: Linkages with the economy – Role of Indian banks and Reserve Bank in the development process – Public Finance – Political Economy- Industrial Developments in India- Indian Agriculture – Services sector in India.

Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy– International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation; International Economic Issues

Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and Migration –Gender Issues – Social Justice: Positive Discrimination in favour of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

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Finance & Management Syllabus

a) Financial System

1. Regulators of Banks and Financial Institutions

2. Reserve Bank of India- functions and conduct of monetary policy

3. Banking System in India – Structure and concerns, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, etc, Changing landscape of banking sector.

4. Impact of the Global Financial Crisis of 2007-08 and the Indian response

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

3. Global financial markets and International Banking – broad trends and latest developments.

4. Financial Inclusion

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5. Alternate source of finance, private and social cost-benefit, Public-Private Partnership

6. Corporate Governance in Banking Sector, role of e-governance in addressing issues of corruption and inefficiency in the government sector.

7. The Union Budget – Concepts, approach and broad trends

8. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends; striking a balance between inflation and growth through monetary and fiscal policies.

9. FinTech

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d) Management:

Fundamentals of Management & Organizational Behaviour: Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management; Management functions and Managerial roles; Nudge theory Meaning & concept of organizational behaviour; Personality: meaning, factors affecting personality, Big five model of personality; concept of reinforcement; Perception: concept, perceptual errors. Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two factor theory) & Process theories (Adams equity theory, Vrooms expectancy theory).

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Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership; Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict; Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).

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Ethics at the Workplace and Corporate Governance:

Meaning of ethics, why ethical problems occur in business. Theories of ethics: Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance 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.

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We hope that the above syllabus will be helpful in your preparation. By now you must have noticed that the syllabus of these 2 sections are very vast and you should get started with its preparation right away. If you’re looking for a single source of notes, you can check the notes here. Viewing the 1st chapter of both of the sections are absolutely free of cost, and i

If you like it, you can buy the complete notes here. Remember, that the number of vacancies for this profile is less when compared with other banking exams and this is one big reason why the competition is so high for this exam.

Therefore, you should leave no stone unturned and get started with its preparation. Please keep in mind that since the descriptive section is also there in the exam, you should start practising writing on different topics of ESI & FM. Practising on a continuous & ongoing basis will definitely help you improve your performance and gradually score higher marks. This is all from us in this article. Wishing you good luck with your preparation!