RBI Grade B Preparation Tips 2023: Subject-wise Tips and Strategy

RBI Grade B Preparation Tips 2023: Subject-wise Tips and Strategy

ByAmrit Gouda  |  Updated on: Aug 30, 2022
RBI Grade B Preparation 2023 can be done using the strategy and tips mentioned below. Check out the foolproof RBI Grade B preparation strategies and tips that are followed by every topper and crack the upcoming RBI Grade B 2023 exam.
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RBI Grade B preparation tips 2023 contains some tips and strategies to be followed while preparing for the upcoming RBI Grade B exam. RBI Grade B exam comprises two stages out of which the first one is phase 1, which comprises computer-based objective questions while the second stage is known as phase 2. Below, we have shared some RBI Grade B preparation tips and strategies to prepare for phase 1 and phase 2 of the RBI Grade B exam 2023. Also, check the subject-wise RBI Grade B preparation strategy as per the latest exam pattern and syllabus.

RBI Grade B Exam Preparation 2023

RBI Grade B 2023 exam is one of the most focused 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 post, we will focus on the strategy for beginners to help them crack the RBI Grade B exam with less difficulty. Below we have shared the entire exam strategy.

Know the Exam Pattern:

To start with the RBI Grade B exam, you have to be familiarized with the pattern of the exam. RBI Grade B exam pattern will lead you towards a better understanding of your exam.

  • The RBI Grade B Exam is held in 3 stages;
    • Phase 1
    • Phase 2
    • Interview
  • The level of Reasoning, Quantitative Aptitude & English is somewhat similar to the SBI and other IBPS exams.

Go through the previous year detailed syllabus for RBI Grade B Phase 1 & Phase 2 as well as the previous year cut off of this exam. Make sure that you read it for a better understanding of the exam structure.


Preparation Tips for RBI Grade B Phase 1 Exam

The right preparation cumulative with dedicated efforts can lead the applicants towards the accomplishment of their dreams. To get recruited as the RBI Grade B officer the applicants need to undergo several stages of the selection process. The first is phase 1, the applicants getting qualified will step up to the phase 2 stage, they will further have to get qualified in the interview to get the desired job.

The RBI Grade B preparation tips structured by experts will assist you in developing the skills that are needed for excelling in the exam. It will also provide you with a complete guide for the subjects of the RBI Grade B exam. The perfect and balanced strategy is the major ingredient in the success stories of the toppers. So move ahead to gather the RBI Grade B preparation tips for all the subjects. 

RBI Grade B Preparation Tips for General Awareness 

The General Awareness section has no defined syllabus. This section tests the knowledge of the current affairs of the candidates and measures their knowledge about the current happenings. The RBI Grade B preparation tips for General Awareness is to keep yourselves updated about the major headlines and the happenings in the world. 

  • Scoring well in this section is equally easier for amateurs as well as people who are regularly giving banking exams and are pros.
  • 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, and news from RBI.
  • In the 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

RBI Grade B Preparation Tips for English Language 

The English section assesses the grammatical knack of the candidates, they need to brush up on the fundamental and the core concepts of grammar and come up with a unique strategy to attempt this section.

  • The style of questions in prelims in English is the same as that of any other banking exam.
  • The weightage of English is 30 in prelims but it is 100 in mains. This section again holds the key to success as being strong in English, can increase your chances of getting into the final round.
  • Here we are sharing marks of 2017, the average score in English in mains 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 prelims and 78+ in mains.

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!

Preparation Tips for RBI Grade B Phase 2 Exam

As already provided in the previous posts, phase 2 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. 

RBI Grade B Preparation Tips for Finance and Management

Try to read various books around finance and practice RBI Grade B previous year papers to figure out the type of questions and what kind of questions are asked particularly in this section of the phase 2 exam. Continue reading our RBI Grade B preparation tips for finance and management to get better insight into your exam.

  • 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 since 2017 and therefore, 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.

RBI Grade B Preparation Tips for Economic and Social Issues

It is advised to follow the syllabus issued by RBI and continue your preparation topic-wise. As per our analysis, it is not a tough subject to prepare. Here we have provided a few RBI Grade B preparation tips for studying economic and social issues for mains.

  • 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 on NCERT economics of Classes 11 & 12. Then focus on Economic Survey and Budget.
  • For social issues, you need not go through any book, just search the internet for 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.

RBI Grade B Exam Preparation Tips

It is highly essential for the candidates to prepare well and move in the right direction to formulate an effective strategy and study plan that will drive the candidates towards success. The right preparation plays an instrumental role in determining success. We have facilitated some RBI Grade B preparation tips structured by experts to assist the applicants in formulating an effective strategy.

  • 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 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 prelims, mains, and interview marks.
  • If you will focus on prelims for now and then on mains you will be doing a big mistake.

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

RBI Grade B Preparation FAQs

  • Preparation plays a major role in clearing the RBI Grade B exam. Without a proper study plan, it is highly impossible to crack this examination in the first attempt. It is also suggested to attempt the mock tests and go through the previous year question paper, to understand the nature of the questions. You can make prudent use of RBI Grade B exam study plan 2023 and other RBI Grade B study material.

  • The applicants need to be well equipped with the complete layout of the syllabus and the exam pattern, along with the preparation strategy. The RBI Grade B preparation tips will assist the applicants in catering to the gaps in the study plan and the plan of action. The candidates need to prepare well for the english, reasoning, numerical ability, general awareness, and computer aptitude to excel in the exam. They must study the concepts and the fundamentals from the recommended books and consistently keep practicing the previous year papers. They will have to attain the proficiency, accuracy, and pace to complete it within the time span. 

  • You need to first get yourself acquainted with the syllabus and exam pattern of the numerical ability. You need to identify the essential segments of the syllabus and start focusing on them. Next, you can practice solving the previous year question papers to gain proficiency and attain accuracy while solving. As this section involves calculation, you need to consistently practice the questions to strengthen your skills. The major important topics are data interpretation, algebra, mixture, percentage, quadratic equation, ratio and proportion, simplification, average, interest, number series, mensuration, profit, and loss. 

  • The General Awareness section is not restricted to any confined syllabus, as it screens the applicants on the basis of their knowledge about the current happenings. The best strategy for preparing the general awareness section is the keeping yourself updated by reading newspapers, and magazines. Focussing on the headlines and the current happenings in the world. The essential topics of the general awareness section are the history of banking in India, current world news, political science, emoluments, banking awareness, history concepts, current India news, acts and laws related to RBI, geography concepts and RBI terms. 

  • The accurate strategy is to formulate an effective study plan, and vision to attempt the exam. The applicants must get in touch with all the essential sections of the RBI Grade B syllabus. They must consistently practice the previous year papers and study from the recommended books. They need to brush up on the core concepts and fundamentals to achieve proficiency. They can get themselves acquainted with all parameters of the RBI Grade B exam to succeed. They will have to focus on their weaknesses and keep strengthening them. 

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