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.
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!
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:
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:
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.
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.
Let's check out the most important and standard RBI Grade B books available in the market to start the preparation.
Following books are recommended for the preparation of the Finance & Management section of the RBI Grade B Exam:
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. |
Following books are recommended for the preparation of the Economic & Social Issues section of the RBI Grade B Exam:
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 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 Advanced Concepts: Indian Economy Performance and Policies by Uma Kapila |
Sustainable Development and Environmental Issues | Basic Concepts: Indian Economic Development – Class XI Advanced Concept: Indian Economy by Ramesh Singh Indian Economy Performance and Policies by Uma Kapila |
Economic Reforms in India – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy | Basic Concept: NCERT- Indian Economic Development Class XI Advanced Concept: Indian Economy by Ramesh Singh Chapter - 6 - Economic Reforms |
Industrial and Labour Policy | Advance Concepts: Indian Economy by Ramesh Singh Indian Economy Performance and Policies by Uma Kapila |
Monetary and Fiscal Policy | Basic Concept: Introductory Macroeconomics – Class XII Advanced Concepts: Indian Economy by Ramesh Singh |
Balance of Payments, Export-Import Policy | Basic Concept: NCERT- Introductory Macroeconomics - Class XII Advance Concept: Indian Economy by Ramesh Singh Indian Economy Performance and Policies by Uma Kapila |
International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation. | Advanced Concepts: Indian Economy by Ramesh Singh |
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 |
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 |
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. |
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.
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.
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.
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 RBI Grade B is one of the most important banking exams. Here, we have provided the best RBI Grade B books for candidates interested in the exam.
Candidates can find the RBI Grade B Books here provided by BYJU'S Exam Prep. They need to prepare well for the quality content that will be provided to them. Plan your strategy according to the time left for your exam and make time for mock tests and practice papers.
It becomes important to choose the RBI Grade B study material wisely. Therefore, refer to the list of books provided by our experts to prepare for the exam hassle-free. Always make sure to go through the classic books to clear your concepts as they will help you tremendously in clearing the basic concepts.
Phase 1 of the RBI Grade B exam is qualifying in nature and is divided into three sections. The subjects covered under the RBI Grade B Phase 1 exam are English language, reasoning ability, quantitative aptitude, and general awareness.
Candidates who qualify the phase 1 are only eligible for phase 2. The subjects covered under the RBI Grade B Phase 2 exam are economic and social issues, English (writing skills), and finance & management.
No, RBI does not recommend any book for their exams. RBI Grade B books play a pivotal role in a candidate's preparation journey. It is advised to go through the best books for the RBI Grade B exam.
RBI Grade B is an important exam in the banking sector. This is one of the toughest exams because of its diverse syllabus and limited vacancies. Candidates must strategize their preparation and refer to the best RBI Grade B books.
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