Does RBI recommends books for the RBI Grade B exam?

No, RBI does not recommend any book for the RBI Grade B exam.

Where can I find the best books for the RBI Grade B exam?

BYJU'S Exam Prep provides you with the entire list of best books preferred by toppers for the RBI Grade B exam.

How to choose the best book to prepare for the RBI Grade B exam?

Since there are a plethora of books available in the market. Thus, it becomes important to choose the study material wisely. Therefore, refer to the list of books provided here by the BYJU'S Exam Prep experts to prepare for the RBI Grade B exam hassle-free.

Which subjects are covered under the RBI Grade B Phase 1 exam?

The subjects covered under the RBI Grade B Phase 1 exam are English language, reasoning ability, quantitative aptitude, and general awareness.

Which subjects are covered under the RBI Grade B Phase 2 exam?

The subjects covered under the RBI Grade B Phase 2 exam are economic and social issues, descriptive test, and financial & management.

RBI Grade B Books 2022: Section-wise Booklist

ByAmrit Gouda | Updated on: Feb 10, 2021

Check here the subject-wise best books for RBI Grade B exam preparation. Find expert suggested phase 1 and phase 2 RBI Grade B books list here along with the preparation tips.

Show Full Exam Details

Books play an important role in the RBI Grade B exam preparation. Students must know the name of important Grade B books before starting the preparation. After covering the basic concepts from standard books, you will be able to solve problems with confidence and accuracy.

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.

Table Of Contents

RBI Grade B Books 2022
Section-wise Important Books/Resources for RBI Grade B
Books for RBI Grade B Phase-1 Exam Preparation
Best Books for RBI Grade B Phase-2 Exam Preparation
Preparation Tips for RBI Grade B Exam 2022
How much time will it take to qualify RBI Grade B if it started from scratch?
Some Tips for Beginners to crack the RBI Grade B Exam 2022
RBI Grade B Books FAQs

RBI Grade B Books 2022

The notification is out now and to invigorate your zeal to prepare for this exam, we at BYJU'S Exam Prep is providing you with a list of section-wise best books for RBI Grade B exam preparation. Besides giving you a list of the best books for RBI grade B (Phase 1), we have handpicked a few other topics of Phase 2 of the same exam and listed the useful books for the RBI Grade B Phase 2.

“Stop Starting, Start Finishing!”

This quote is predominantly for the ones who begin a project with a lot of zeal but lose it all by the end and the project remains unfinished. It is time for us to start working together to finish as RBI Grade B officers.

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 books for RBI Grade B Phase-2 & Phase-1 exam here in this post and start your exam preparation now!

Section-wise Important Books/Resources for RBI Grade B

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 of 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, you need to have an in-depth understanding of the topics as well, apart from the above-mentioned sources. So, to help you all in the better preparation of this exam, we will discuss the important books for RBI Grade B Phase-2 & Phase-1 exam preparation now!

Books for RBI Grade B Phase-1 Exam Preparation

One can follow the books mentioned below for the Phase-1 preparation of RBI Grade B exam 2022:

Name of the Book	Books for Preparation
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.

Best Books for RBI Grade B Phase-2 Exam Preparation

Let's check out the most important and standard books available in the market to start the preparation for the RBI Grade-B Phase-2 exam 2022.

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
T.S Grewal -Accounting Ratio
Principles of Management by P.C Tripathi
S. P. Robbins/TN Chhabra- Organisational Theory

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	Books/ Source to be referred
Financial Systems: Regulators of Banks and Financial Institutions, Reserve Bank of India- functions, and conduct of monetary policy, Banking System in India 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) Visit Website(about us) of RBI, SEBI, SIDBI,EXIM,NABARD & NHB – for functions and recent developments
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 The 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 Website of RBI and Internet
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 Website of RBI and Internet
Alternate source of finance, private and social cost-benefit, Public-Private Partnership.	Website of RBI and Internet
Numerical Topics from Prasanna Chandra	Time Value of Money – Chapter – 6 Ratio Analysis – Chapter – 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	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 favor 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.
FAQ Section of the RBI website
Investopedia Website

Preparation Tips for RBI Grade B Exam 2022

Time Table for preparation. It should be made as per your ability.
Check the latest syllabus and exam pattern. RBI Grade B paper always follows an updated pattern.
Make hand notes: Regularly make notes for the Exam, so that you can easily understand and revise the previous topics.
Know your strengths and weakness. Check your weakness and work hard to remove weak points in the study. Manage time to solve the hard and easy topics in your syllabus.
Set achievable targets for yourself, like studying 4 comprehensive topics in an hour, or 7-8 small topics in an hour. This will boost your speed as your mind will not feel overtaxed.
Use flashcards. This is another great tool that will let you revise anytime, anywhere, and with ease! Make flashcards of important dates, events, and keywords to keep your memory fresh.

How much time will it take to qualify RBI Grade B if it started from scratch?

The best answer is ‘it depends. 5 months or 5 years, beyond a limit, time spent on the preparation will not result in success if the strategy is not right. However, there are many who clear the RBI Grade B exam with 3-4 months of preparation.

RBI Grade B is quite a unique exam divided into Phase 1 and Phase 2 requiring different preparation. Though only the marks of the phase 2 exam and interview are counted for the final selection, all your knowledge of Economics, Finance, and Management remains unused if you don’t clear Phase 1. Similarly, clearing Phase 1 is a waste of effort if you are not preparing for Phase 2 right now.

In the limited time, we shall focus only on what is required to be studied. If you try to cover everything under the sun, you will never be able to complete the syllabus and won’t be able to retain it either.

The exam requires you to understand the basics of economics (macro), finance, banking, and organizational behaviour. However, in the exam, a large number of questions come from the factual information for that you need to study current affairs from newspapers, magazines, and other standard publications.

Some Tips for Beginners to crack the RBI Grade B Exam 2022

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 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.
If you will focus on Phase 1 for now and then on Phase 2, you will be doing a big mistake.

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.

So students when you are getting everything at your fingertips, why wait for the notification. It takes the practice of months and dedication to get fruitful results. Take the free trial of the course now and equipped your study material with the best you can.

RBI Grade B Books FAQs

Does RBI recommends books for the RBI Grade B exam?
No, RBI does not recommend any book for the RBI Grade B exam.
Where can I find the best books for the RBI Grade B exam?
BYJU'S Exam Prep provides you with the entire list of best books preferred by toppers for the RBI Grade B exam.
How to choose the best book to prepare for the RBI Grade B exam?
Since there are a plethora of books available in the market. Thus, it becomes important to choose the study material wisely. Therefore, refer to the list of books provided here by the BYJU'S Exam Prep experts to prepare for the RBI Grade B exam hassle-free.
Which subjects are covered under the RBI Grade B Phase 1 exam?
The subjects covered under the RBI Grade B Phase 1 exam are English language, reasoning ability, quantitative aptitude, and general awareness.
Which subjects are covered under the RBI Grade B Phase 2 exam?
The subjects covered under the RBI Grade B Phase 2 exam are economic and social issues, descriptive test, and financial & management.