What are Regulatory Bodies Exams? Read Importance and Scope of Regulatory Bodies Here!

By Jyoti Bisht|Updated : April 13th, 2022

What Are Regulatory Bodies Exams? A regulatory body is a public organization or government agency that is responsible for enforcing regulations. This entails implementing requirements, criteria, or prohibitions, establishing a standard for actions, and enforcing or gaining conformity in these areas. Regulatory agencies regulate a wide range of professions, but not all of them are regulated, and some are self-regulated. Regulatory bodies are often known as regulatory agencies, regulatory authorities, or regulators. These are government-created independent governmental agencies tasked with establishing and enforcing standards in a certain field of activity or operations. Regulatory agencies may or may not operate independently of executive direction.

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The regulatory body's key functions are usually listed as follows:

  • Regulations and instructions
  • Review and evaluation
  • Licensing\Inspection
  • Remedial measures
  • Enforcement

A list of reputed Regulatory Bodies Exam in India is given below that will be discussed in this article along with their career growth, salary structure, and job profile.

  • RBI Grade-B
  • NABARD Grade-A
  • NABARD Grade-B
  • SEBI Grade-A
  • UPSC EPFO
  • IRDAI AM

RBI Grade-B: Job Profile & Career Growth

The RBI Grade B Salary is a perk that comes with the job title of RBI Grade B Officer. The RBI Grade B Officer's responsibilities include ensuring adequate currency circulation, controlling market liquidity supply, and, most crucially, managing government and central bank accounts.
The salary for RBI Grade B Officers is substantial, as is the workload. After becoming a permanent employee of RBI, a candidate is eligible for a variety of promotions within the organization.
An RBI Grade B Officer is initially appointed on a two-year probationary period, which can be extended up to four years.

After completing the probationary period, an employee is likely to be promoted to a higher position. The following are the positions to which an RBI Grade B Officer can be promoted:

  • Assistant Manager
  • Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Executive Director
  • Deputy Governor

RBI Grade- B: Salary Structure 

RBI not only provides work security, respect, and a title that many people want to, but it also provides perks and allowances that enhance the employment profile. The RBI Grade B compensation is one of the main reasons why individuals are interested in this position. Candidates who pass the RBI Grade B exam are given a basic pay of Rs. 35,150 on the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400. 

NABARD Grade-A Job Profile & Career Growth

At NABARD, the work culture is purely bureaucratic. You must report to the Regional Office's CGM (Chief General Manager). As an Assistant Manager, you can be assigned to any department, regardless of your qualifications. An Assistant Manager is responsible for implementing numerous agricultural and rural development policies and programs prescribed by the federal and state governments.

You would be dealing with policy problems relating to different Central/State Government programs and initiatives connected to Agriculture and Rural Development, communicating closely with the State Government and the banking industry, and overseeing all activities in rural areas.

Candidates who start as Assistant Managers have the potential to advance to the Director position. Position-by-position career progression is shown below.

  • Assistant Manager
  • Manager
  • Assistant General manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Executive Director
  • Director

NABARD Grade-A Salary Structure

Selected candidates will receive a starting basic pay of Rs.28150/- p.m. on the scale of Rs.28150-1550(4)-34350-1750(7)–46600–EB-1750(4)-53600-2000(1)-55600 applicable to Officers in Grade ‘A', and will be eligible for Dearness Allowance, Local Compensatory Allowance, House Rent Allowance, and Grade Allowance as per rules in force from time to time. Initial monthly gross emoluments are currently around Rs. 62,600/-.

NABARD Grade- B Job Profile & Career Growth

The Senior Managers are in charge of candidates chosen as Grade B Managers. Maintaining client contacts, managing accounting operations, giving loans, coordinating multiple bank departments, and facilitating inter-departmental assignments are all part of the NABARD Grade B Job Profile. This is the information from the official NABARD Grade B Salary and Job Profile notice.

After clearing the departmental tests and interviews, NABARD Group B officers are promoted to Grade A officers. Assistant Manager, Manager, Assistant General Manager, General Manager, General Manager, Chief General Manager, Executive Director, and Director are the positions in the NABARD hierarchy (from lowest to highest).

NABARD Grade- B Salary Structure

Selected candidates will be paid a starting basic salary of Rs. 35150/- p.m. on the pay scale Rs. 35150 - 1750 (9) - 50900 - EB - 1750(2) - 54400 - 2000 (4) - 62400 (16 years). The monthly gross emoluments are currently around Rs. 78,000/-p.m.

SEBI Grade-A Job Profile & Career Growth

You'll have to complete a certain set of functions for each stream or department. These functions and responsibilities under SEBI Grade A Job Profile will be explained to you after you join and during training.

  • By-laws of stock exchanges are approved.
  • Stock exchange bylaws are being amended.
  • Accounts of stock exchanges and other stakeholders are examined.
  • Identify and investigate any securities market malpractices.
  • Taking initiatives to improve investors' understanding of the securities markets.
  • Suspension of a Stock Exchange's Security Tradings.
  • Recognition of a Stock Exchange: Granting and Withdrawing.

In the SEBI Organization, a Grade A officer is the entry-level manager. The Executive Director has the potential to be promoted to Chairman. Promotions are contingent on the availability of positions, vacancies, and work completed within the organization, among other factors. Getting promoted from one position to another, on the other hand, can take at least 5-6 years.

Assistant Manager Grade A - Manager Grade B - Assistant General Manager (Grade D) - Deputy General Manager (Grade E) - Chief General Manager (Grade F) - Executive Directors - Whole Time Members - Chairman

UPSC EPFO Job Profile & Career Growth

One of the most crucial aspects of any government position is the roles and responsibilities. The following are the responsibilities of the Enforcement Officer/Accounts Officer.

  • To oversee the enforcement, recovery, accounts, administration cash, legal pension, and computer departments' general administrative activities.
  • Accounts should be checked on a regular basis, and claims should be settled.
  • Maintaining a cash book, checking bank statements, and filing MIS reports, among other things.
  • They also conduct surveys as needed to assess the establishment's coverage potential for new categories.
  • They also teach employers how to fill out required forms and how to do it correctly.

Additional Central PF Commissioner- II

Regional PF Commissioner-I

Regional PF Commissioner-II

Assistant PF Commissioner


Enforcement Officer/Accounts Officer

UPSC EPFO Salary Structure

The role of Enforcement Officer is classified as Level-8 in the 7th CPC Pay Matrix. This position is classified as Non-Ministerial General Central Service, Group ‘B.' An EPFO Enforcement Officer's total salary is Rs.53,312 excluding HRA, TA, and other allowances obtained in support of the town in which he or she is stationed.

On satisfactory completion of 4 years of regular service in level-8 in the pay matrix Rs.47600-151100, Enforcement Officers are promoted to Level-9 in the pay matrix Rs. 53100-167800.

IRDAI AM Job Profile & Career Growth

Some of the tasks of an Assistant Manager in IRDAI are as follows:

  • Interacting with current and prospective customers.
  • Developing new schemes.
  • Examining policies.
  • Policies and schemes are communicated within.
  • Executing other responsibilities allocated by higher-ups.

IRDAI AM Salary Structure

The initial basic wage for selected candidates will be Rs.17,100/- per month. Payscale is as follows- 17,100 – 1000 (11) – 28,100 – EB- 1000 (4) – 32,100 – 1100 (1) – 33,200 (17 years). Junior Officers' first monthly gross emoluments are currently about Rs. 74,351/-.

 

Now, decide what is the most suitable job for you and we hope that you also get aware of the Regulatory Bodies as well as the benefits an employees gains after the selection. 

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FAQs

  • Regulatory bodies are often known as regulatory agencies, regulatory authorities which conducts exam for various posts such as RBI Grade-B, NABARD Grade-A, NABARD Grade-B, SEBI Grade-A, UPSC EPFO, and IRDAI AM.

  • A regulatory body is responsible for Regulations and instructions, Review and evaluation, Licensing\Inspection, Remedial measures, and Enforcement.

  • Here is the list of the Regulatory Bodies exam which has been explained in this article along with salary, career growth, and job profile. RBI Grade-B, NABARD Grade-A, NABARD Grade-B, SEBI Grade-A, UPSC EPFO and IRDAI AM


Regulatory Bodies

Regulatory ExamsRBI Grade BSEBI Grade AFCISIDBINABARDUPSC EPFO
tags :Regulatory BodiesGeneralCurrent AffairsInterview & Personality DevelopmentFCI AGM ExamRBI Grade BUPSC EPFO

Regulatory Bodies

Regulatory ExamsRBI Grade BSEBI Grade AFCISIDBINABARDUPSC EPFO
tags :Regulatory BodiesGeneralCurrent AffairsInterview & Personality DevelopmentFCI AGM ExamRBI Grade BUPSC EPFO

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