How do I prepare for the RBI Grade B Phase – 2 examination?
The RBI Grade B Phase II has the most unique exam pattern of all time if we look at the history and exam patterns of all other government or banking exams. It mainly consists of three sections: English (Writing,) Finance and Management (F&M,) and Economic and Social Issues (ESI.) Each of the mentioned sections is worth 100 marks.
You should remember that both Finance and management, and Economic and Social Issues will contain objective-type questions. On the other hand, English will demand you to write the answers using the keyboard. The total time given for every subject would be 90 minutes.
Some pointers you should note before preparing for RBI Grade Phase 2 Exam
The phase 1 exam of RBI Grade B is a highly qualifying entrance but Phase 2 is what brings the level playing field. When it comes to academics, phase 2 has the most relevant subjects. You need to master them if you want to work at the Reserve Bank of India.
The amount and range of subtopics within the technical sections can overwhelm you. But with the right guidance, it won’t be an issue.
RBI Grade B Phase 2 Syllabus
Finance and Management
Human Resource Development
Motivation and Incentives
Regulators of banks and financial institutions
Development in the Financial Sector
Financial sector Regulations
Monetary Policy
Union Budget
Inflation
Regulation of Banks
Risk Management in Banking Sector
Technology in Finance
Corporate Governance
The Managing Process
Career Planning
Role of Incentives
Role of Information Technology
Communication Channels
Nature and Scope of Management
Leadership
Economics and Social Issues
Economic Reforms in India
Social Structure in India
Corporate Governance
Development in the Financial Sector Export-Import Policy
Growth and Development
Human Resource
Development Inflation
Regionalism and Language Conflicts
Poor Education Standards
Globalisations
Illiteracy
Balance of Payments
Rise in Inequality
Rigid Labour Law
Monetary and Fiscal Policy
Social Sectors in India
Benefits of International Trade
Direct and Indirect Taxes
Insurance and Capital Marketing
Government debt
Employment Generation in India
Sustainable Development
English
Precis Writing
Essay Writing
Comprehension
Tips to prepare for Finance and Management
Questions of management can be high-scoring if one is clear with their concepts. Questions asked are static in nature. Go through all the IGNOU management notes to clear out concepts. Try to read RBI speeches, quarterly announcements, monthly reports, annual reports, bulletin, website content, etc. Acquire detailed knowledge of the current year’s budget, fiscal reports, economic survey for gaining insights on the present condition of the Indian economy. Read NITI Aayog recent reports as well
.
Finance
This can take some of your extra time because finances are the most technical questions on the entire paper. Questions will be based on Indian financial markets, system, and respective bodies.
Be well aware about the functioning of the major financial bodies such as RBI, NABARD, SEBI, National and Rural banks.
Cover various elements of financial market such as launch of new schemes, credit market, various asset classes, corporate valuation characteristics, saving instruments, free cash flow, NOPAT, enterprise value added, market value added, etc.
Prepare separately for financial markets:
Primary and Secondary Markets (Bond, Forex, Equity, Money, etc.)
Instruments
Functions
Recent developments
Other general topics include:
Basics of derivatives
Financial Inclusion
FinTech
Corporate governance of the banking sector
Risk Management in Banking Sector
International banking system and global financial markets – trends and latest news
Union Budget – Concepts, trend, approach
Management
Fundamentals of Management and Organisational Behaviour
Introduction to Management
Evolution of management thought: Administrative, Human Relations, System approach to management
Managerial roles and management functions
Nudge theory
Meaning and Concept of Organisational behaviour, Personality
Factors affecting personality
Big five model of personality
Alderfer’s ERG theory
The concept of reinforcement
Content theories (Maslow’s need theory)
McClelland’s theory of needs
Herzberg’s two-factor theory
Process theories (Adam’s equity theory, Vroom’s expectancy theory)
Organizational change: Kurt Lewin theory of change
Organisational Development (OD)
Theories of Planned Change (Lewin’s Change Model)
Action Research model
Ethics at the workplace and Corporate Governance
Communication
English (Writing Skills)
One essay for 40 marks, 1 precis writing for 30 marks, 1 reading comprehension for 30 marks.
Answering a passage daily is key to score well in reading comprehension.
Start writing essays on your laptop or desktop. Increase your typing speed. This goes without saying the more you write the more you will get aware of all kinds of writing mistakes.
Choose financial and economical subjects for essay writing
Work on your grammar and tenses
Recommended books for Phase 2 Preparation:
Finance
An introduction to Economics – A W Stonier and DC Hauge
Monetary Theory and Public Policy – Kenneth Kurihara
Indian Economy – Mishra and Puri
Indian Economy – R. Dutt and KPM Sundaram
Public Finance – K K Andley and Sundaram
Financial Management – Prasanna Chandra
Economic Growth and Development – Mayer and Baldwin
Economics
Indian Economy: Mishra Puri. (Latest Edition)
Growth And Development: Devraj Ray
Sociology: C.N. Shankar Rao
Indian Economy: Uma Kapila (Series of Books)
Conclusion
The syllabus for Phase 2 is quite vast. It would be beneficial if you start your preparation for phase 2 even before the Phase 1 exam. The gap between the two won’t be much.
Still, have some doubts? Let us know in the comment section below.
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