RBI Grade B Phase 2: Zero to Hero Best Preparation Plan

Reserve Bank of India (RBI) will conduct the Phase 2 exam for Grade B officer posts on July 30, 2023. There are hardly 20 days for the Phase 2 examination. In this today’s blog, we discuss the best preparation plan for RBI Grade B Phase 2 covering important topics and concepts. Three papers are in the exam: Economic & Social Issues, Finance & Management, and English Writing Skills. Take a glimpse of the preparation strategy to ace the exam. 

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RBI Grade B Phase 2 Exam Pattern 2023

Sections	Questions	Marks	Time Duration
Paper I: Economic and Social Issues: 50% Objective+50% Descriptive	30 Objective Questions6 Descriptive (4 Needs to be Answered)	100	120 Mins
Paper II: English Writing Skills	3	100	90 Mins
Paper III: Finance & Management50% Objective+50% Descriptive	30 Objective Questions6 Descriptive (4 Needs to be Answered)	100	120 Mins

RBI Grade B Phase 2 Exam Preparation Strategy

Unlike Phase 1, Phase 2 is completely different and it requires a dedicated and strategic approach of preparation strategy for the exam. Candidates get substantially more time for Phase 2 than Phase 1 exam. The reason is simple you need to prepare your descriptive answers by recalling your thoughts and writing them down in a well-described way. Aspirants have 20 days to prepare for the RBI Grade B Phase 2 exam.

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Strategy for Economic & Social Issues

In order to prepare for the Economic & Social Issues section Paper 3, it is necessary to be aware of what type of questions are asked and patterns in the last year of the exam. So, understand the exam pattern and questions to boost your preparation strategy.

• Prepare current affairs covering the past 1 year. Try atleast going to current affairs for 6 to 8 months.
• Revise indexes and reports published focusing on the ranking of India.
• Create short notes for the economy survey covering important concepts and topics for last-minute revisions.
• Cover important schemes of last year.
• Go through the RBI Publications:  Financial Stability Report, Bimonthly Monetary Policy, and RBI Bulletin important articles.
• Read NCERT books of Class 11 and 12 covering Microeconomics and Macroeconomics topics with other important concepts.

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Exam Preparation Strategy for English Writing

Develop a reading newspaper habit so that, you can attempt English Writing questions in the RBI Grade B Phase 2 exam. This section covers a reading comprehension and precis writing question.

• Essay questions are asked from topics related to the counter economy and banking sector.
• Precis and reading comprehension questions are covered from topics of banking and economy.
• Candidates should read newspapers daily to pick up relevant topics.
• For practicing Precis Writing, candidates should pick up editorials with a word count of 500-600 words without losing theme and meaning.
• Understand paragraph structure and key points for Essay writing and Precis writing.

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Preparation Strategy to Ace Finance & Management

Be aware of last year’s questions covered in Finance & Management section for RBI Grade B Phase 2 examination 2023. Questions covered in this section are Basel norms, Questions related to Finance & Management Section, Major Budget Announcement 2023 and Behavioral Reinforcement.

• Finance & Management Section comprises numerical and theory questions.
• Theoretical questions are covered from topics that are Financial Management, Financial Analysis, Financial Derivatives, Bond Valuation, and Risk Management.
• Makes notes covering important notes and formulas.
• The management part covers generic topics for theory questions.
• Give mock tests online to evaluate your performance.
• Attempt free topic tests and mini mocks to strengthen your topic-wise performance for Finance & Management sections.

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Final Words

Start your preparation for RBI Grade B Phase 2 from today prepare notes and solve free topic tests and mini mocks online. This is a golden opportunity to get into the Reserve Bank of India (RBI) as a Grade B officer-level position and enjoy the prestige of the job position. Signup to access the free first mock test for the Phase 2 exam to assess your preparation levels and performance.