hamburger

RBI Grade B Books 2023 – List of Best Books for RBI Grade B Exam

By BYJU'S Exam Prep  |   Updated on: January 2nd, 2024
Find out the best RBI Grade B Books 2023. Check here subject-wise best RBI Grade B books and the benefits of books for both phase 1 and phase 2 exam preparation.
Google Play StoreInstall App

RBI Grade B Books 2023: Books play an important role in exam preparation. Students must know the name of important RBI Grade B books before starting the preparation. After covering the basic concepts from standard books, candidates can solve problems confidently and accurately. Accordingly, you must choose the list of best books for RBI Grade B exam preparation suggested by the experts to help you achieve a good score.

The selection of good RBI Grade B books will help candidates take their preparation to a whole new level. The RBI Grade B exam is very competitive in nature and is a reputed dreamlike job among bank aspirants. Here candidates will find a list of RBI Grade B books provided by our subject experts, giving them an upper hand in their exam preparation.

RBI Grade B Books 2023

Check here a list of the best books for the RBI grade B exam for both Phase 1 and Phase 2 of the same exam. RBI Grade B is one of the most important banking exams conducted across the country. The exam provides an opportunity to work for India’s central banking institution, which controls the issuance and supply of the Indian currency, managing all the monetary policies of the country.

A lot of people in and around have had a tough time chalking out a strategy for the RBI Grade B exam. Go through the important RBI Grade B books for the Phase 2 & Phase 1 exams here and start your exam preparation now!

Section-wise RBI Grade B Books

Based on a thorough analysis of last year’s RBI Grade B question paper, most of the questions asked in the Economics & Social Issues section were asked from the following sources:

  • The Economic Survey of India
  • The Budget Document
  • Concept-based (Books)
  • Basic knowledge (NCERT)
  • Newspapers (Current events, factual in nature)
  • Press Information Bureau

Most of the questions were based on facts, figures, numbers, and percentages. Therefore, based on last year’s question paper for RBI Grade B, we concluded that the following are the three most important sources for the preparation of this exam:

  • The Hindu Newspaper
  • The Economic Survey of India
  • The Union Budget

However since the RBI Grade B Exam is unpredictable, candidates need to have an in-depth understanding of the topics as well, apart from the above-mentioned sources. Let us discuss the most recommended RBI Grade B books for exam preparation.

RBI Grade B Books 2023 – List of Best Books for RBI Grade B Exam

RBI Grade B Books For Phase 1

To clear the exam, a lot of practice is required to gain speed and accuracy from the right set of books. One can follow the RBI Grade B books mentioned below for Phase-1 preparation.

Name of the Book

RBI Grade B Books

Quantitative Aptitude

Magical Book on Quicker Maths by M. Tyra

Quantum CAT by Sarvesh K. Verma

Fast Track Objective Arithmetic by Rajesh Verma

Reasoning Ability

A modern approach to Verbal & Non-Verbal Reasoning by R. S. Aggarwal

Analytical Reasoning by M. K. Pandey

English Language

Objective English by S. P. Bakshi

High School English Grammar & Composition by Wren & Martin

General Awareness

Monthly GK Digests of BYJU’S Exam Prep

Manorama Yearbook 2018

Kurukshetra Magazine

To watch live sessions by exam-qualified experts, you can try our RBI Grade-B Online Coaching.

RBI Grade B Books For Phase 2

Let’s check out the most important and standard RBI Grade B books available in the market to start the preparation.

I. RBI Grade B Books for Finance & Management

Following books are recommended for the preparation of the Finance & Management section of the RBI Grade B Exam:

  • Indian Financial System by M.Y. Khan
  • Indian Financial System by Bharti V. Pathak
  • Accounting Ratio by T.S Grewal 
  • Principles of Management by P.C Tripathi
  • Organisational Theory by S. P. Robbins/ T. N. Chhabra

In the table below, we have covered the sub-topics of this section as well as the sources which one can refer to for their preparation:

Name of the Topics

RBI Grade B Books/ Source

Financial Systems: Regulators of Banks and Financial Institutions, Reserve Bank of India- functions, and conduct of monetary policy, Banking System in India and Financial Institutions: SIDBI, EXIM, NABARD, NHB, etc.

Advanced Concepts:

Indian Financial System – Bharati Pathak – Chapter -12- Development Financial Institutions.

Indian Economy – Puri and Misra – Chapter 46, 47 (Commercial Banking, The Reserve Bank of India).

Financial Markets – Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.

Basic Concept: NCERT – Business Studies – Part II – Chapter–2 – Financial Market

Advanced Concepts:

Indian Economy Ramesh Singh – Chapter 14 – Security Market.

Puri and Misra – Chapter 45, 48 – Money Market, Capital Market.

Best Book – Bharti Pathak

Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.

Advance Concept:

Indian Economy by Ramesh Singh: Chapter -7- Inflation and Business Cycle

Or

Indian Economy by Mishra and Puri: Chapter – 44 – Price Trends and Inflation

Risk Management in Banking Sector

Advance Concept:

CAIIB – Bank Financial Management: Module B- Risk Management

Basics of Derivatives: Forward, Futures, and Swap

Theory Concept: Indian Financial System – Bharti Pathak – Chapter 9 – The Derivative Market

Numerical Concept: Financial Management – Prasanna Chandra

The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, Finance Commission and GST, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM)

Basic Concept: Introductory Macroeconomics – Class XII: Chapter – 5 – Government Budget and Economy.

Advanced Concepts: Indian Economy by Ramesh Singh by Chapter – 18 – Public Finance in India

Recent Developments in the Financial Sector, Financial Inclusion- use of technology

Indian Economy – Ramesh Singh – Chapter 12 – Banking in India.

Portfolio Investment

Indian Financial System- Bharti Pathak – Chapter 15- Mutual Funds

Public Sector Reforms, Disinvestments

Indian Financial System- Bharti Pathak – Chapter 7

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

Financial Management – Prasanna Chandra – Chapter – 35 – Corporate Governance.

Numerical Topics from Prasanna Chandra

Time Value of Money – Chapter – 6.

Ratio Analysis – Chapters – 4, 5.

Valuation of Bond, Equity – Chapter – 7.

Risk & Return – Chapter – 8.

Portfolio Theory and Asset Pricing Model – Chapter – 9.

Cost of Capital – Chapter – 14.

II. RBI Grade B Books for Economic & Social Issues

Following books are recommended for the preparation of the Economic & Social Issues section of the RBI Grade B Exam:

  • Indian Economy by Uma Kapila
  • Indian Economy by Mishra & Puri
  • Growth & Development: Devraj Ray
  • Sociology: C. N. Shankar Rao

In the table below, we have covered the sub-topics of this section as well as the sources which one can refer to for their preparation:

Name of the Topics

RBI Grade B Books/ Source to be referred

Growth and Development –Measurement of Growth: National Income and Per-capita Income

Basic Concepts:

Indian Economic Development – Class XI: Chapter -2 (Indian Economy)

Introductory Macroeconomics – Class XII
Chapter – 2 (National Income Accounting)

Advanced Concepts:

Ramesh Singh: Chapter – 1 and 2 (Introduction, Growth, Development & Happiness)

Poverty Alleviation and Employment Generation in India

Basic Concepts:

Indian Economic Development – Class XI
Chapter – 4 – Poverty
Chapter- 5 – Human Capital
Chapter – 7 – Employment

Advanced Concepts:

Indian Economy Performance and Policies by Uma Kapila
Chapter-1- Economic Development
Chapter -10-Unemployment and Empowerment
Chapter -11-Poverty in India

Sustainable Development and Environmental Issues

Basic Concepts:

Indian Economic Development – Class XI
Chapter 9 – Environment and Sustainable Development

Advanced Concept:

Indian Economy by Ramesh Singh
Chapter -19-Sustainability & Climate Change
Or

Indian Economy Performance and Policies by Uma Kapila
Chapter -2-The Environment & Development

Economic Reforms in India – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy

Basic Concept:

NCERT- Indian Economic Development Class XI
Chapter-3- Economic Reforms since 1991

Advanced Concept:

Indian Economy by Ramesh Singh

Chapter – 6 – Economic Reforms

Industrial and Labour Policy

Advance Concepts:

Indian Economy by Ramesh Singh
Chapter -9 -Industry & Infrastructure
Or

Indian Economy Performance and Policies by Uma Kapila
Chapter – 18 – Industrial Growth and Policy

Monetary and Fiscal Policy

Basic Concept:

Introductory Macroeconomics – Class XII
Chapter – 5 – Government Budget and The Economy

Advanced Concepts:

Indian Economy by Ramesh Singh
Chapter – 11- Indian Financial Market
Chapter – 18 – Public Finance in India

Balance of Payments, Export-Import Policy

Basic Concept:

NCERT- Introductory Macroeconomics – Class XII
Chapter – 6.1 –BoP

Advance Concept:

Indian Economy by Ramesh Singh
Chapter – 15 – External Sector of India

Indian Economy Performance and Policies by Uma Kapila
Chapter – 25 – BoP

International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation.

Advanced Concepts:

Indian Economy by Ramesh Singh
Chapter – 16- International Economic Organizations & India

Multiculturalism – Demographic Trends – Gender Issues – Social Justice: Positive Discrimination in favour of the underprivileged – Social Movements – Human Development – Social Sectors in India, Health and Education.

Indian Economy by Ramesh Singh
Chapter – 20 – Preparing for the Demographic Dividend
Chapter – 21 – Human Development in India

Social Structure in India – Urbanization and Migration – Social Justice – Social Movements – Human Development – Social Sectors in India

NCERT- Class XII–Social Change and Development in India
Chapter-8 – Social Movements

Indian Political System

NCERT- Indian Constitution at Work Political Science Class 11 & Political Science-2 of Class 12

Other Topics

Budget 2018-19

Economic Survey 2017-18.

Indian Year Book 2018. (Selected Chapters)

Socio-Economic and Caste Census 2011

International Summits & Central Govt. Schemes/ Initiatives

Regular revision of Current Affairs.

III. Reports & Other Sources for RBI Grade B

  • Economic Survey of India
  • World Development Report
  • Union Budget
  • RBI’s Annual Report
  • Sample question papers by RBI. This will give you an idea of both the nature & the difficulty level of questions asked.
  • Investopedia Website

Important Features of RBI Grade B Phase 1 Exam

Phase 1 is about time management. Candidates have 120 minutes for 200 questions on four subjects which are Quantitative aptitude, Reasoning, English, and General Awareness.

  • Plan to score more in General Awareness as it is 40% of the exam and all 80 questions can be attempted in minimum time. General Awareness questions are more from Economy, banking, finance and social issues & all these topics are even part of the mains exam. Candidates can refer to the best RBI Grade B books for this section.
  • The minimum cut-off mark is something you definitely need to score in every section, so plan well.
  • Sectional timing is also introduced this time in the preliminary exam.

Important Features of RBI Grade B Phase 2 Exam

Candidates must work hard to pass the RBI Grade B exam. In addition, one must practise consistently and work hard. The syllabus is not lengthy but yes it is very diverse. Candidates need to learn the fundamentals of varied topics.

  • The exam requires a conceptual understanding of the topics given in the syllabus.
  • While studying, the topics may appear simple but when options are there to choose from, one might get confused.
  • Writing ability is very important for an English paper which carries 100 marks for which reading an editorial becomes a must.

Steps to Crack the RBI Grade B Exam 2023

For UPSC candidates, Economics and GS might help you, but the RBI Grade B Phase 1 paper contains many fact-based or stats questions, like the amount allocated to a particular scheme which is not the case with UPSC.

  • 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 for this exam. Read the RBI Grade B eligibility criteria for details.
  • If you think that people from IITs and IIMs grads are preferred then you are wrong. There is not any preference given to anyone. That’s a myth. Everything depends on your Phase 1, 2, and interview marks.

Benefits of RBI Grade B Books

The RBI Grade B exam provides an opportunity to work for India’s central banking institution, which controls the issuance and supply of the Indian currency, managing all the monetary policies of the country. The following are some advantages of the top RBI Grade B books:

  • The books are based on the RBI Grade B syllabus.
  • The book provides a full and straightforward description of the subjects it covers.
  • Answering the questions from the RBI Grade B books provides practice.
  • Selecting the top books for RBI Grade B provides more efficient exam preparation.

Recent Articles

RBI Grade B

Our Apps Playstore
POPULAR EXAMS
SSC and Bank
Other Exams
GradeStack Learning Pvt. Ltd.Windsor IT Park, Tower - A, 2nd Floor, Sector 125, Noida, Uttar Pradesh 201303 help@byjusexamprep.com
Home Practice Test Series Premium