RBI Grade B Phase 2 Preparation Strategy 2022 - Subject Wise Tips

By Amrit Gouda|Updated : June 6th, 2022

RBI is the apex financial institution of India that needs the best of the brains and that's why the second phase exam is a way different from the phase 2 exams of other banks. we are looking forward to helping and guiding you in clearing the RBI Grade B Phase 2 exam as we did before the Phase 1 exam. The exam is scheduled to be conducted on 25th June 2022.

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We believe you all are familiar with the syllabus of the RBI Grade B Phase 2 Exam, We will have an overview of the syllabus and the new exam pattern so that you all may understand it clearly and none of the topics gets leftover. The RBI Grade B Phase 2 Exam has three sections: Economic and Social Issues, English, and Finance & Management. Below, we will discuss the RBI Grade B preparation strategy along with the syllabus of the RBI Grade B Phase 2 Exam. 

Table of Content

RBI Grade B Phase 2 Exam Pattern

Questions from three sections will be asked in the RBI Grade B Phase 2 Exam viz. Economic & Social Issues, English(Writing Skills), and Finance & Management. Let us have a look at the New Exam Pattern of RBI Grade B Phase 2 Exam: 

Name of the PaperType of PaperDurationMarks
Paper-I: Economic and Social Issues50% Objective Type 50% Descriptive, answers to be typed with the help of the keyboard120 Minutes

Objective: 30

Descriptive: 90

Total: 100 Marks

Objective: 50

Descriptive: 50

Paper-II: English (Writing Skills)Descriptive answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi may do so with the help of either Inscript or Remington (GAIL) keyboards layout.90 Minutes100
Paper-III: Finance and Management50% Objective Type and 50% Descriptive, answers to be typed with the help of the keyboard. Candidates opting to type the answers in Hindi may do so with the help of either Inscript or Remington (GAIL) keyboards layout.120 minutes

Objective: 30

Descriptive: 90

Total: 100 Marks

Objective: 50

Descriptive: 50

Below, we will look at the syllabus of each of these subjects in detail.

RBI Grade B Phase 2: Syllabus of Economic and Social Issues

Following are the topics covered in the Economic and Social Issues (ESI) section for RBI Grade B Exam:

Economic Reforms in India

  • Industrial and Labour Policy

  • Monetary and Fiscal Policy

  • Privatization

  • Role of Economic Planning

Globalization 

  • Opening up of Indian Economy

  • Balance of Payments

  • Export-Import Policy

  • International Economic Institutions

  • IMF and World Bank

  • WTO

  • Regional Economic Co-operation

Growth and Development 

  • Measurement of growth: National Income and per capita income

  • Poverty Alleviation and Employment Generation in India

  • Sustainable Development and Environmental issues

Social Structure in India

  • Multiculturalism

  • Demographic Trends

  • Urbanization and Migration

  • Gender Issues

  • Social Justice: Positive Discrimination in favor of the underprivileged

  • Social Movements

  • Indian Political System

  • Human Development

  • Social Sectors in India

  • Health and Education

RBI Grade B Phase 2: Syllabus of English (Writing Skills)

The English section is descriptive in nature and is designed to assess the writing skills and test the understanding of the candidate i.e., how smart one is and whether one is able to grasp the crux of the given article/comprehension or not. Majorly, there are three components of this paper which are:

  • Essay Writing
  • Precis Writing (Summary Writing)
  • Comprehension

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RBI Grade B Phase 2: Syllabus of Finance & Management 

This section has two components namely, Finance and Management. Given below is the syllabus of each of these components:

Financial System

  • Regulators of Banks & Financial Institutions
  • Functions of RBI, the conduct of monetary policy, the Banking system of India, Financial Institutions (SIDBI, NABARD, EXIM, NHB)

Financial Markets

  • Primary & Secondary markets (Forex, Money, Bond, Equity), Functions, Instruments, Recent developments.

General Topics

  • Risk Management in the Banking sector
  • Basics of Derivatives: Forward, Futures, and Swap
  • Changing Landscape of the Banking sector
  • Recent developments in the Financial sector, Portfolio investment, Public sector reforms, Disinvestments
  • Financial Inclusion – Use of technology
  • Alternate source of finance, private and social cost-benefit, Public-Private partnership
  • Corporate Governance in the Banking sector, the role of e-governance in addressing the issues of corruption & inefficiency in the government sector
  • The Union budget – Direct and indirect taxes; Non-tax sources of Revenue, GST, 13th Finance Commission and GST, Finance Commission, Fiscal policy, Fiscal responsibility, and budget management act
  • Inflation: Definition, trends, estimates, consequences, and remedies: WPI, CPI – components of trends

Management

  • Nature & Scope
  • Processes (Planning, Organizing, Staffing, Directing, Controlling)
  • Role of a Manager in an organization

Leadership

  • Tasks of a leader
  • Styles & theories
  • Successful vs Effective leader
  • Human Resource Development:
  • Concepts & goals of HRD
  • Performance appraisal – Potential appraisal & development – Feedback & Performance counseling – Career planning – Training & development – Rewards – Employee welfare.

Motivation

  • Theories
  • Morale & Incentive
  • How managers motivate
  • Morale concept
  • Factors influencing morale
  • Role of incentives in building up morale

Communication

  • Steps in the communication process
  • Communication channels
  • Communication types: Oral vs Written; Verbal vs Non-verbal; Upward, downward & lateral
  • Role of IT
  • Barriers to communication

Corporate Governance

  • Mechanisms
  • Factors affecting corporate governance

As we have dealt with the syllabus of the RBI Grade B Phase 2 Exam in detail, you must have by now, understood that RBI Grade B Phase 2 Exam is not an easy nut to crack; you should understand that your preparation for this phase should be well above the mark as you will be competing with the best of the brains. 

Now, we will look at some Smart RBI Grade B preparation tips to Revise Well for each and every section of the RBI Grade B Phase 2 Exam.

Smart Strategies to Revise Economic & Social Issues Section well: 

Our experts have provided here some of the best RBI Grade B preparation tips to Revise the Economic & Social Issues Section for the upcoming RBI Grade B Phase 2 exam 2022.

  • Focus on reading the economic or business section of English Newspapers. 
  • Since this section requires basic as well as ground-level knowledge of Economics, you should read basic books in order to clear your subject-related concepts as well as to enhance your grip over the subject. 
  • Do not go for the bulky books.
  • Read the Budget issued by the central government and the latest economic survey. 
  • For the social issues part, search on the internet and try clearing your concepts and factual knowledge related to the topics. 
  • You can choose a good magazine to read that covers both these sections. 

Smart Strategies for RBI Grade B Phase 2 English Descriptive

Kindly go through the below smart strategies to score well in the RBI Grade B Phase 2 English Descriptive section.

  • Make a habit of writing at least 3 essays every day. 
  • Focus more on reading topics related to Banking & Finance.
  • Make a habit of reading a good English Newspaper. 
  • Whatever article you read in the newspaper, try to write a summary of it and analyze it for yourself (self-analysis). 
  • Try to learn at least 5 new vocabulary every day. 

Smart Strategies to Revise Finance & Management section well: 

This section is the most difficult of all the three sections as candidates from non-economics/finance find it really tough to answer the question asked in it. However, if you are not from an economics/finance background, you do not need to lose hope. You can still get good marks provided you study with a good strategy and in a smart way. The following can be done to get good marks in this section:

  • Read fundamental books on the Indian Financial System.
  • Practice making Balance Sheets and numerical related to finance. 
  • For the management part, search the topics on the internet and gather comprehensive knowledge from there. 

So dear students, we hope you find the above-mentioned RBI Grade B preparation strategy and RBI Grade B preparation tips helpful to clear the RBI Grade B Phase 2 exam and emerge victorious. You can give mock tests on BYJU'S Exam Prep to practice for the RBI Grade B Phase 2 exam. 

If you are aiming to crack the RBI Grade B exam 2023, then join the Online Classroom Program where you will get:

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FAQs

  • To crack the RBI Grade B Phase 2 exam, you should follow a proper subject-wise preparation strategy. Before that, you must go through the RBI Grade B Phase 2 exam pattern, syllabus, and the previous year's cut-off to understand the exam well.

  • You should have a look at the descriptive questions asked in other exams like SIDBI Grade A, NABARD Grade A, and SEBI Grade A. This will give you an idea of the types and levels of questions that will be asked. You might make it a habit to read newspapers every day and write brief summaries on your own. This will help you develop reading and writing skills.

  • Go through the last 2-3 year's cut-off and question paper. This will give you an overall idea of the exam, the pattern of questions asked, and the level of competition. After that, you can make your own preparation strategy to crack the RBI Grade B Phase 2 exam 2022.

  • You should make an effective RBI Grade B Phase 2 Preparation strategy to crack the exam. A chapter-wise and subject-wise preparation strategy will definitely be going to be a killer strategy. While making the study plan or preparation strategy you should keep in mind the exam pattern and syllabus.

  • First, you need to understand the syllabus of Economics & Social Issue and go through the last 3 years' questions papers to understand the weightage of each chapter, types, and pattern of questions asked. Then start covering the important chapters and attempts MCQs on regular basis.

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