RBI Grade B Preparation Tips

RBI Grade B Preparation Tips

ByKanika Ralhan  |  Updated on: Feb 23, 2021RBI Grade B 2021 official notification has been released on the official site of RBI. Check out the RBI Grade B exam date, apply online date and other important details.
RBI Grade B 2021 official notification has been released on the official site of RBI. Check out the RBI Grade B exam date, apply online date and other important details.
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How should beginners prepare for RBI Grade B Exam?

RBI Grade B 2021 Exam is one of the most focussed exams by the candidates due to its handsome grade pay and designation in RBI. However, cracking the RBI Grade B exam is not that simple.

In this article, we will focus on the Strategy for Beginners to help them crack the RBI Grade B exam with less difficulty. Considering only four months, we below have shared the entire exam strategy.

Know the Exam Pattern:

  • To start with, you have to be familiarized with the pattern of the exam.
  • The RBI Grade B Exam is held in 3 stages;
    • Phase I,
    • Phase II,
    • Interview
  • The level of Reasoning, Quantitative Aptitude & English is somewhat similar to the SBI and other IBPS exam.

Go through the previous year detailed syllabus for RBI Grade B Phase I&Phase II as well as the previous year cutoff of this exam. Make sure that you read it for a better understanding of the exam structure.

Now if you are a beginner, you should see the cutoff first and see how you would be able to clear that.

A Section-Wise Strategy for beginners to clear the RBI Grade B exam

1. General Awareness:

  • Scoring well in this section is equally easier for amateurs as well as people who are regularly giving banking exams and are pro.
  • This section is very vast and questions in this section are mostly from static and current affairs.
  • This includes India's ranking in various INDEXES published by different organizations, Important days observed with themes, news from RBI.
  • In static portion questions asked may be like capitals and currencies of countries, National Parks, Wildlife centuries, the name of stadiums etc.
  • For beginners, start reading the economic articles and keep searching the internet, Investopedia to know the terms if you are not aware of any term. Read Mint, Economic Times, Money control etc. online and get yourself familiar with the terms.
  • RBI won’t ask the definition, but if you know about the commonly used terms, it would be very easy for you to remember all the news related to Banking and Finance which carry a huge weightage in this exam.
  • The General Awareness section holds the key to success. It carries 80 marks and for a total of 120 minutes, you can solve this section in less than 20 minutes. So in terms of value-added, this is the most scoring section of all.

Now where to study this?

  • Read one newspaper daily.
  • Read our Daily GK update section daily and our monthly GK digest compilations.
  • Take Current Affairs quiz daily from BYJU'S Exam Prep Website/App
  • Read about one Financial Organization (like SIDBI, NABARD, IMF, etc.) daily from their official websites.

Attempt GK Quizzes from the given links:

Banking Awareness Quizzes

GK and Current Affairs Quiz

Static GK Quiz

2. English Language:

  • The style of questions in Phase I in English is the same as that of any other banking exam.
  • The weightage of English is 30 in Phase I but it is 100 in Phase II. This section again holds the key to success as being strong in English, can increase your chances of getting into the final round.
  • The marks of the Phase-II exam 2018 are still not officially out.
  • So here we are sharing marks of 2017, the average scores in English in Phase 2 in 2017 was around 65 out of 100.
  • Clearly, this comes up as the most scoring section considering the overall cutoff (General Category) was 196.75.
  • It is very easy to get above-average marks in English and get around 18+ marks in Phase I and 78+ in Phase II.

Since you will be reading from the websites mentioned above, your vocabulary will improve gradually, however, learn 10 new words daily. You will have an edge in English over others. You need to focus more on grammar, without this, every answer would be similar to the hit and trial method. You should know all the rules.

Attempt English Language Quizzes here!

3. Reasoning Ability:

  • This is another important topic of Phase I which has a weightage of 60 and the cut-off remains around 10-15.
  • You need therefore around 20+ attempts in this. Questions of this type are from Direction Sense, Data Sufficiency, Seating Arrangement, Coding-Decoding etc.
  • The level is high and it is important that you practice it thoroughly, preferably from online sources since the paper is online.
  • Try to attempt those topics first which give the most accurate answers in the least possible time like Direction Sense, Data Sufficiency, Seating Arrangement, Coding-Decoding, etc.
  • If you are not able to solve the puzzle or seating arrangement question in one go, do not waste your time, move on to the next question.
  • Start with your favourite topic.
  • Make full use of pen and paper while solving questions based on arrangement, coding-decoding. You can use the analogy method with your family tree to solve questions related to blood relations easily.
  • Try to practice and master all topics.
  • At BYJU'S Exam Prep we have a dedicated team for this and you can take help from our carefully curated questions by clicking here.

Attempt Reasoning Ability Quizzes here!

4. Quantitative Aptitude:

Coming to this section, it is the toughest section in RBI but also has a low weightage and cutoff. Out of 30 questions, if you are able to get around 10 questions right, you are through with the sectional cutoff.

  • Speed and accuracy is the key here. Increase your calculation speed by practising more and more questions.
  • You should remember tables, square, cubes and square roots for doing fast calculations.
  • Learn to recognize your strengths, know which questions are to be attempted first and which questions are to be skipped.
  • Solve previous year’s questions papers, and get yourself aware of the exam pattern.
  • Make habit of giving at least one mock test daily and then evaluate yourself.
  • Keep practising daily and stick to a plan. Devote at least 3 hours daily to Numerical Ability.

Attempt Quantitative Aptitude Quizzes here!

  • Start doing. The more you practice, the easier it will get.
  • For Phase-I, focus on GA to clear the overall cut off. It is easier to get a 60+ score out of 80 in GA in Phase I.

Now we will discuss the pattern and tips for Phase II.

Tips to prepare for RBI Grade B Phase II Exam

As already provided in the previous posts, the mains phase of RBI Grade B comprises 3 tests, namely, Economic and Social Issues, English (Writing Skills) and Finance and Management. This phase is followed by an Interview round which carries a weightage of 50 marks. 

1. Finance & Management:

  • The news websites mentioned above will cover most of the Current Affairs in Finance.
  • Now you will be left with the numerical section in Finance. Please note that the RBI has discontinued the use of calculators from 2017 and therefore, from wherever you practice, please keep this thing in mind.
  • For numerical, you should not stick to a single source. For bonds and ratio analysis, prefer JAIIB books and Investopedia.
  • For derivatives, cash flows, WACC, follow my notes, where I'll cover finance, management, and Economics.
  • In Management, the syllabus is somewhat similar to the Public Administration paper in UPSC. Read the syllabus and search the internet topic-wise Keep on reading and preparing the notes.

2. Economic and Social Issues:

  • This paper can be divided into two parts: - Static and Dynamic.
  • The static consists of basic conceptual questions like Bank Rates, FEMA, NPAs, fiscal deficit, revenue deficit, budget, inflation, etc. The dynamic part consists of the questions based on current affairs.
  • For beginners, we suggest you read books of NCERT economics of Class 11 & 12. Then focus on Economic Survey and Budget.
  • For social issues, you need not go through any book, just search the internet of the relevant topic mentioned in the syllabus and read the related reports/surveys.
  • Also, search and read the summary of SECC 2011. Every year, there are 1-2 questions from this.

Some Tips for Beginners to crack RBI Grade B

  • If you think that only people with a strong finance background clear this exam: Not true at all. People with journalism as a background are also selected in this exam. Read the eligibility criteria for details.
  • If you think that people from IITs and IIMs grads are preferred than you are wrong. There is not any preference given to anyone. That's a myth. Everything depends on your Phase I, II and interview marks.
  • If you will focus on Phase I for now and then on Phase II, you will be doing a big mistake. 

For UPSC candidates, Economics and GS might help you, but the RBI Phase I paper contains many fact-based or stats questions, like the amount allocated to a particular scheme which is not the case with UPSC.

More than 50 different types of Banking and Insurance exam notifications in a year. It becomes nearly impossible for you to purchase different mock tests for so many exams. We have come up with a one-stop solution for all your problems regarding attempting mock tests, i.e. BYJU'S Exam Prep Test Series. Get unlimited access to 700+ mock tests. Attempt Free mock test now.

Posted by:

Kanika RalhanKanika RalhanMember since Jan 2018
Program Manager- Banking & Insurance exams
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RBI Grade B Preparation Tips FAQs

  • Gradeup is now BYJU'S Exam Prep that offers the most comprehensive preparation for all exams. Get Monthly/Weekly Current Affairs, Daily GK Update, Online Courses, Latest Pattern Test Series and detailed Study Material from the top faculty at your fingertips. Want to learn more? Do not hesitate to contact our customer care here.

  • Candidates who prepare thoroughly for the exam by practising test and previous year papers find less difficulty to crack the RBI Grade B exam.

  • To crack the RBI Grade B exam in the first attempt itself, candidates will require a minimum of 8-10 months analyse the strength and weakness and sticking to the study plan.

  • Follow the subject-wise expert tips shared above to crack the RBI Grade B exam in the best manner.

  • With complete dedication and hard work is it is possible to crack the RBI grade B exam for everyone.

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