RBI

Reserve Bank of India (RBI)

Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.

Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India. The RBI conducts various exams for recruitment of their employees. The recruitment exams are conducted by Reserve Bank of India Service Board. The RBI exam is conducted for recruiting employees for the post of RBI Grade ‘B’ Officers & RBI Assistant.

RBI Grade 'B' Officer's

Eligibility Criteria for RBI Grade 'B' Officer's Examination

1.The candidates applying should be between the age of 21 years and 30 years.

2.The upper age limit is relaxed by 5 years for SC/ST, 3 years for     OBC (Non-Creamy Layer), 10 years for PWD- Un-reserved (UR), 13 years for PWD-OBC (Non-Creamy Layer) and 15 years for PWD-SC/ST. Reservation and age relaxation is applicable for reservation candidates as per Government rules and regulations.

3.The candidates who have a M. Phil. degree the upper age limit is 31 years and for candidates who have a Ph.D. degree the upper age limit is 33 years.

4.The candidate must have a bachelor’s degree with a minimum of 60% marks or an equivalent grade or the candidates must have a Master’s degree with minimum of 55% marks or a Doctorate degree with 50% marks in Master’s degree or equivalent degree.

Paper Pattern for RBI Grade 'B' Officer's Examination

RBI written examination for Grade B officers consists of two phases.

Phase 1:

Test Process:

      Objective Test in Online

•   Total Marks: 200
•   Time Duration: 3
•   Hours Phase :2

Exam Syllabus:

           1.   General Awareness

           2.   General Englis
           3.   QuantitativeAptitude 
           4.    Reasoning Ability

Phases 2:

Test Process:

           Paper 1: Descriptive Test

• English Total Marks: 100
• Time Duration: 3 Hours

         Paper 2: Economic and Social Issues

• Total Marks: 100
• Time Duration: 3 Hours

        Paper 3: Finance and Management

• Total Marks: 100
• Time Duration: 3 Hour

Exam Syllabus:

1.   General Awareness

2.   General English

3.   Quantitative Aptitude

4.   Reasoning Ability

5.   Computer Knowledge

6.   Economic and Social Issues  

SyllabusPhase-I

Phase-I: On Line Exam (Objective Type)
Qs - 200    Marks - 200 Time: 130 Min

Paper consists of:

1. General Awareness – Banking + Economics + Financial Awareness + Current Affairs

2. English Language – Reading Comprehension, Jumbled Sentences, Fill in the Blanks, Error Spotting, Cloze Test

3. Quantitative Aptitude – Arithmetic + Data Interpretation.

4. Reasoning  (Verbal) - Syllogism + Data Sufficiency +Miscellaneous + Seating Arrangement/ Puzzle Test + Input Output +Logical Reasoning

Note: According to RBI 2013 Exam Pattern:

Sr No	Objective Type Test	Number of Ques	Marks	Time
1	General Awareness	80	80	Composite time of 130 minutes for all the sections
2	English Language	30	30
3	Quantitative Aptitude	30	30
4	Reasoning	60	60
	Total	200	200

2. Phase-II Written Examination (Descriptive Type): The Phase-II Written Examination (WE) will be conducted in September/ October 2014 (tentative) only for those candidates who are shortlisted for the same.

Note: The date and time-table will be intimated to the candidates concerned at the appropriate time.

The Examination will consist of three Descriptive Type papers –

Paper 1:  English	Total Marks: 100	Time Duration: 3 Hours
Paper 2: Economic and Social Issues	Total Marks: 100	Time Duration: 3 Hours
Paper 3: Finance and Management	Total Marks: 100	Time Duration: 3 Hours

Syllabus (Phase-II):

(I) Paper 1st English:

Topics:

• Essay
• Précis writing,
• Comprehension and
• Business/Office Correspondence.

(II) Paper 2^nd Economic and Social Issues

Topics:

• 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
• Privatisation
• Role of Economic Planning Globalisation
• Opening up of the Indian Economy
• Balance of Payments, Export-Import Policy
• International Economic Institutions
• IMF and World Bank
• WTO
• Regional Economic Co-operation. Social Structure in India
• Multiculturalism
• Demographic Trends
• Urbanization and Migration
• Gender Issues
• Social Justice : Positive Discrimination in Favour of the Under Privileged
• Social Movements
• Indian Political System
• Human DevelopmentSocial Sectors in India, Health and Education.

 (III) Paper 3rd – Finance

Topics:

• The Union Budget – Direct and Indirect Taxes;
• Non-tax Sources of Revenue; Outlays;
• New Measures; Financial Sector Reforms;
• Capital Market, Money Market and Foreign Exchange Market,
• Stock Exchanges and their Regulation;
• Capital Market Intermediaries and their Regulation;
• Role of SEBI; Functions of the Money Market;
• Growth and Operation of the Money Market;
• The Foreign Exchange Market;
• From FERA to FEMA; Exchange Rate Management;
• Exchange Risk Management,
• Role of Banks and Financial Institutions in Economic Development;
• Regulation of Banks and Financial Institutions;
• Disinvestment in Public Sector Units.

Note –

1.Those candidates who have cleared the Phase I paper are eligible to sit for the Phase II Paper.

2.Candidates have to qualify in each of the papers separately; based on the marks obtained in Phase II candidates will be shortlisted for interview.

3.Phase I (except the test of English) and Papers II and III of Phase II will be set bilingually in Hindi and English. Phase I is Objective Type and only marking the correct choice is required. However, Papers II and III of Phase II can be answered either wholly in Hindi or English at the candidate's option.

How to Apply for RBI Grade 'B' Officer's Examination:

1.The candidates wishing to appear for RBI Exam Grade A/B Officers can apply for the post either on the prescribed Application (OFF-LINE) or submit the application ON-LINE followed up by sending a printout (hardcopy) of the online application to the Board's office.

2.The format of the offline application forms can be downloaded from the official website –www.onlinedr.rbi.org.in

3.The duly filled in application form along with a demand draft of Rs. 100/- for each post should be sent to ‘The General Manager, The Reserve Bank of India Services Board, Post Bag No. 14501, Mumbai Central Post Office, Mumbai – 400008.

4.The online application form is available on the official website – http://onlinedr.rbi.org.in

5.Before starting filling up of ON-LINE application, a candidate must purchase the DD or IPO for Rs. 100/- (except SC/ST/PWD candidates who are exempted from payment of fees).

6.After submitting the application online, the candidate is required to take a print out of the application form and paste a signed photograph in the space provided and send it to the Reserve Bank of India Services Board’s Office along with a DD or IPO of Rs. 100/-.

7.Candidates should apply only through the online or offline mode. Duplicate applications will be rejected.

RBI Assistant

Eligibility Criteria:

• Candidates have Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PWD candidates) in the aggregate and the knowledge of word processing on PC.
• Candidate belonging to Ex-servicemen category should either be a graduate from a recognized University or should have passed the matriculation or its equivalent examination of the Armed Forces and rendered at least 15 years of defence service.
• Candidates applying for post in a particular state should be proficient in the language of the state i.e. know to read, write, speak and understand the language.
• Knowledge of Computer skills.
• Age Limit: Candidates age should be between 18 and 28 years .

      Relaxation of Upper Age Limit

Sr. No.	Category	Relaxation in Age
1	Scheduled Caste / Scheduled Tribe (SC / ST)	By 5 years, i.e. up to 33 years
2	Other Backward Classes (OBC)	By 3 years, i.e. up to 31 years
3	Persons with Disabilities (PWD)	By 10 years (GEN) 13 years (OBC) & 15 years(SC/ST)
4	Ex-Servicemen	To the extent of service rendered by them in Armed Forces plus an additional period of 3years subject to maximum of 50 years.
5	Widows/divorced women/ women judicially separated who are not re-married	By 10 years
6	Candidates who had ordinarily been domiciled in Kashmir Division of the State of Jammu and Kashmir between 1st January, 1980 and 31st December, 1989.	By 5 years

RBI Assistant Exam Pattern:

• Type of Questions : Objective
• No. of Questions : 200
• Time Duration : 2 Hours
• Negative Marking : 1/4th marks will be deducted for each wrong answer.

This time the exam is going to be online. This exam consists of the following sections. Each sections consists of 40 Questions.

	No. of Question	Maximum Marks
Reasoning	40	40
English Language	40	40
Numerical Ability	40	40
General Awareness	40	40
Computer Knowledge	40	40

Syllabus For RBI Assistant Exams : The Reserve Bank of India Assistants Exam is the most popular exam among the all exams conducted by RBI. Now lets have a look at the detailed syllabus of Assistants Exam.

Numerical Ability :

• Simplifications (Very very important for clerical level exam)
• Mathematical Operations
• Squares
• Cubes
• Square Roots
• Cube Roots
• Decimals
• Percentages
• Time and Work
• Time and Distance
• Ratio and Proportions
• Mixture and Allegation
• Number Systems / Series
• Profit and Loss
• Simple Interest and Compound Interest
• Probability
• Partnership
• No Data Interpretation will be there for Clerical Level.

Reasoning :

• Introduction
• Series Completion
• Analytic Reasoning
• Classification
• Coding Decoding
• Blood Relations
• Direction Sense
• Logical Venn Diagrams
• Syllogisms
• Number, Ranking & Time Sequence Test
• Decision Making
• Series
• Pay less attention on Non Verbal Reasoning.

Computer Knowledge :

• Basic Hardware and Software
• Uses of Computer
• Generations of Computer
• Basic Computer Operations / Shortcut Keys
• MS Office (Word, Excel, Power point)

English Language :

• Reading Comprehension (Simple Level)
• Spotting Errors
• Sentence Correction
• Sentence Completion
• One Word Substitution
• Synonyms
• Antonyms

GeneralAwareness:
For Current Affairs you should concentrate all important events occurred for last 6 months (excluding 15 days before the exam). You should concentrate on….

• Summits
• New Appointments
• Deaths
• Visits / Visitors
• Days
• Books and Authors
• Important Events
• Countries / Heads / Currencies
• For Banking Awareness you should focus on (basic knowledge is enough)
• History of Banking
• Banking Terms