RBI Grade B Phase 2 Exam Analysis Paper 3

By Amrit Gouda|Updated : April 1st, 2021

RBI Grade B Officer Phase 2 examination Paper 3 was conducted on 1st April 2021. The phase 2 exam comprised 3 separate tests. Here we are going to discuss the Paper 3 of RBI Grade B phase 2 exam 2020-2021.


RBI Grade B Officer Phase 2 examination was conducted on 1st April 2021.  According to the feedback given by the candidates, we found that the level of the paper was moderate.

Here, we will conduct a detailed analysis of the exam and provide candidates with a category-wise distribution of the topics of each section. This analysis will help them in accessing their performance.

Before that, you can check the pattern of Phase 2 by clicking the below link.

  RBI Grade B Phase 2 Exam Pattern

RBI Grade B Phase 2 Overall Analysis

Given below is the overall exam analysis of each section with the difficulty level of the sections.


Difficulty Level

Objective Questions


Descriptive Questions

Direct(Easy -Moderate)

RBI Grade B Phase 2 Paper 3 Analysis: ESI

Questions were asked from the following topics:

15 Marks Questions

Q1. What is corporate governance. Discuss the fundamentals and principles of corporate governance?
Q2. What is Basel Norms? Discuss the three pillars of Basel Norms in detail?
Q3. Discuss the roles and functions of the following 5 regulatory bodies:
1.      SIDBI
2.      NHB
3.      NABARD
4.      EXIM
5.      RRBs
10 Marks Questions:
Q1. Discuss the 5 major announcements made in the 2021-22 Union Budget of India?
Q2. Discuss the concept of Behavioural Reinforcement. What are the positive and negative reinforcement?
Q3. Differentiate between transactional leadership and Transfomational Leadership.
Objective Qs:(Q1-2)
Government has approved a model for building National Highways (NH) to speed up the construction of roads in the country by renewing interest of private developers in highway projects.
Q1. What is the name of the model?
Answer: Hybrid Annuity Model

Q2.  What percent of the amount will be provided by the government and developer respectively during the construction stage?
Answer: 40%,60 %
Q3. Payment Infrastructure i.e. retail payments and settlement systems in India is regulated by which organisation?
Answer: NPCI
Q4. Who regulates Capital Market in India?
Answer: SEBI
A process has been developed in India for applying to IPOs, Rights issue, FPS etc. In this, an IPO applicant's bank account doesn't get debited until shares are allotted to them. 
Q5. What is the name of the process?
Answer: ASBA
Q6. This process is stipulated by which organisation?
Answer: SEBI
Q. Question based on Broom’s Modulation Theory.
Q. Question based on the three stage process of Change Management.
Q (2 Questions)
Comprehension based on stock exchange depositories.

This was all about the analysis of the RBI Grade B Officer Phase 2 Paper 3 exam. We urge you to keep posting the memory-based questions in the comment section so that the aspirants can benefit from it.



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