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AppRBI Grade B Books 2023: Books play an important role in exam preparation. Students must know the name of important RBI Grade B books before starting the preparation. After covering the basic concepts from standard books, candidates can solve problems confidently and accurately. Accordingly, you must choose the list of best books for RBI Grade B exam preparation suggested by the experts to help you achieve a good score.
The selection of good RBI Grade B books will help candidates take their preparation to a whole new level. The RBI Grade B exam is very competitive in nature and is a reputed dreamlike job among bank aspirants. Here candidates will find a list of RBI Grade B books provided by our subject experts, giving them an upper hand in their exam preparation.
Table of content
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1.
RBI Grade B Books 2023
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2.
Section-wise RBI Grade B Books
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3.
RBI Grade B Books For Phase 1
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4.
RBI Grade B Books For Phase 2
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5.
Important Features of RBI Grade B Phase 1 Exam
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6.
Important Features of RBI Grade B Phase 2 Exam
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7.
Steps to Crack the RBI Grade B Exam 2023
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8.
Benefits of RBI Grade B Books
RBI Grade B Books 2023
Check here a list of the best books for the RBI grade B exam for both Phase 1 and Phase 2 of the same exam. 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.
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 RBI Grade B books for the Phase 2 & Phase 1 exams here and start your exam preparation now!
Section-wise RBI Grade B Books
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 for 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, candidates need to have an in-depth understanding of the topics as well, apart from the above-mentioned sources. Let us discuss the most recommended RBI Grade B books for exam preparation.
RBI Grade B Books For Phase 1
To clear the exam, a lot of practice is required to gain speed and accuracy from the right set of books. One can follow the RBI Grade B books mentioned below for Phase-1 preparation.
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Name of the Book |
RBI Grade B Books |
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Quantitative Aptitude |
Magical Book on Quicker Maths by M. Tyra Quantum CAT by Sarvesh K. Verma Fast Track Objective Arithmetic by Rajesh Verma |
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Reasoning Ability |
A modern approach to Verbal & Non-Verbal Reasoning by R. S. Aggarwal Analytical Reasoning by M. K. Pandey |
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English Language |
Objective English by S. P. Bakshi High School English Grammar & Composition by Wren & Martin |
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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.
RBI Grade B Books For Phase 2
Let’s check out the most important and standard RBI Grade B books available in the market to start the preparation.
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
- Accounting Ratio by T.S Grewal
- Principles of Management by P.C Tripathi
- Organisational Theory by S. P. Robbins/ T. N. Chhabra
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:
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Name of the Topics |
RBI Grade B Books/ Source |
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Financial Systems: Regulators of Banks and Financial Institutions, Reserve Bank of India- functions, and conduct of monetary policy, Banking System in India and 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). |
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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 |
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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 |
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Risk Management in Banking Sector |
Advance Concept: CAIIB – Bank Financial Management: Module B- Risk Management |
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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 |
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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 Economy. Advanced Concepts: Indian Economy by Ramesh Singh by Chapter – 18 – Public Finance in India |
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Recent Developments in the Financial Sector, Financial Inclusion- use of technology |
Indian Economy – Ramesh Singh – Chapter 12 – Banking in India. |
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Portfolio Investment |
Indian Financial System- Bharti Pathak – Chapter 15- Mutual Funds |
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Public Sector Reforms, Disinvestments |
Indian Financial System- Bharti Pathak – Chapter 7 |
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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. |
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Numerical Topics from Prasanna Chandra |
Time Value of Money – Chapter – 6. Ratio Analysis – Chapters – 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:
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Name of the Topics |
RBI Grade B Books/ Source to be referred |
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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 Advanced Concepts: Ramesh Singh: Chapter – 1 and 2 (Introduction, Growth, Development & Happiness) |
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Poverty Alleviation and Employment Generation in India |
Basic Concepts: Indian Economic Development – Class XI Advanced Concepts: Indian Economy Performance and Policies by Uma Kapila |
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Sustainable Development and Environmental Issues |
Basic Concepts: Indian Economic Development – Class XI Advanced Concept: Indian Economy by Ramesh Singh Indian Economy Performance and Policies by Uma Kapila |
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Economic Reforms in India – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy |
Basic Concept: NCERT- Indian Economic Development Class XI Advanced Concept: Indian Economy by Ramesh Singh Chapter – 6 – Economic Reforms |
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Industrial and Labour Policy |
Advance Concepts: Indian Economy by Ramesh Singh Indian Economy Performance and Policies by Uma Kapila |
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Monetary and Fiscal Policy |
Basic Concept: Introductory Macroeconomics – Class XII Advanced Concepts: Indian Economy by Ramesh Singh |
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Balance of Payments, Export-Import Policy |
Basic Concept: NCERT- Introductory Macroeconomics – Class XII Advance Concept: Indian Economy by Ramesh Singh Indian Economy Performance and Policies by Uma Kapila |
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International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation. |
Advanced Concepts: Indian Economy by Ramesh Singh |
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Multiculturalism – Demographic Trends – Gender Issues – Social Justice: Positive Discrimination in favour of the underprivileged – Social Movements – Human Development – Social Sectors in India, Health and Education. |
Indian Economy by Ramesh Singh |
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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 |
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Indian Political System |
NCERT- Indian Constitution at Work Political Science Class 11 & Political Science-2 of Class 12 |
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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.
- Investopedia Website
Important Features of RBI Grade B Phase 1 Exam
Phase 1 is about time management. Candidates have 120 minutes for 200 questions on four subjects which are Quantitative aptitude, Reasoning, English, and General Awareness.
- Plan to score more in General Awareness as it is 40% of the exam and all 80 questions can be attempted in minimum time. General Awareness questions are more from Economy, banking, finance and social issues & all these topics are even part of the mains exam. Candidates can refer to the best RBI Grade B books for this section.
- The minimum cut-off mark is something you definitely need to score in every section, so plan well.
- Sectional timing is also introduced this time in the preliminary exam.
Important Features of RBI Grade B Phase 2 Exam
Candidates must work hard to pass the RBI Grade B exam. In addition, one must practise consistently and work hard. The syllabus is not lengthy but yes it is very diverse. Candidates need to learn the fundamentals of varied topics.
- The exam requires a conceptual understanding of the topics given in the syllabus.
- While studying, the topics may appear simple but when options are there to choose from, one might get confused.
- Writing ability is very important for an English paper which carries 100 marks for which reading an editorial becomes a must.
Steps to Crack the RBI Grade B Exam 2023
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.
- 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 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.
Benefits of RBI Grade B Books
The RBI Grade B 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. The following are some advantages of the top RBI Grade B books:
- The books are based on the RBI Grade B syllabus.
- The book provides a full and straightforward description of the subjects it covers.
- Answering the questions from the RBI Grade B books provides practice.
- Selecting the top books for RBI Grade B provides more efficient exam preparation.
