RBI Exam : Important and Exciting Overview of the Exam

The Reserve Bank of India (RBI) is the central bank, which regulates the money supply and credit in the country and also controls the issue and supply of the Indian rupee. RBI was set up in 1935 under the Reserve Bank of India Act, 1934.

 

RBI is the chief regulator of the overall banking in India. RBI plays a pivotal role in the development strategy of the Government of India. It serves as the figurehead of the banking system and the money market.

 

RBI manages the commercial bank and the non-banking finance companies working in India.

 

RBI  Exam: Grade B 

This is a very popular exam conducted for the recruitment of the Grade B officer in the Reserve Bank of India. Grade B officers is inducted in the following department :

  1. Officers in Grade B (General)
  2. Officers in Grade B (Department of Economics and Policy Research)
  3. Officers in Grade B ( Department of Statistics and Information Management)

 

Highlight of Exam: Grade B

 

Name of the exam RBI Grade B Exam
Organizing Body Reserve Bank Of India (RBI)
Post Grade B Officer
Frequency of Exam Annually
Official Website https://www.rbi.org.in/

 

The official notification of the RBI exam is generally released in the month of September.

Exam Event Tentative Month
RBI Grade B Notification September
RBI Grade B Phase I Exam November
RBI Grade B Phase II Exam December
RBI Grade B Interview March

 

 

RBI GRADE B OFFICER

 

Eligibility Criteria

 

1. Nationality 

  • The candidate must fulfill any one of the following :
  • Candidates must be a citizen of India
  • Candidates must be a citizen of India
  • Must be a subject of Nepal or a subject of Bhutan.
  • Candidates should be Tibetan refugees who came to India before January 1, 1962, for settling permanently in India.
  • Candidates should be a person of Indian origin who has migrated from Burma, Pakistan, Ethiopia, Sri Lanka, Kenya, Myanmar, Uganda, Malawi, Tanzania, Vietnam, Zaire with the motive to settle permanently in India.

2. Age Limit 

  • The age limit of the candidate must be a minimum of 21 years and must not be more than 30 years.
  • Scheduled Caste/Scheduled Tribe (SC/ST): 5 years
  • Other Backward Classes(OBC) : 3 Years

 

3. Educational Qualification 

Post Minimum Qualifications
RBI Grade B ( General) Minimum of 60% marks in Bachelor’s degree or its equivalent as well as in class 10th & 12th exam.
RBI Grade B (Department of Economics and Policy Research) A Master’s degree in Economics or Finance with a minimum of 55% marks from a recognized Indian or Foreign University.
RBI Grade B ( Department of Statistics and Information Management A Master’s degree in Statistics or Mathematical Statistics/Mathematics with a minimum of 55% marks from a recognized Indian University.

 

Note: Number of attempts is restricted to 6 for the General category. No such restrictions are there for other categories.

 

Exam Pattern 

 

The Grade B exam is conducted in three phases mentioned below :

  1. Phase 1 Examination
  2. Phase 2 Examination
  3. Phase 3 Interview

 

Grade B Exam Pattern: Phase 1

Sections Marks Negative Mark Duration
General Awareness 80 Yes 120 minutes
Quantitative Aptitude 30 Yes
English Language 30 Yes
Reasoning 60 Yes
Total 200

 

Grade B Exam Pattern: Phase 2

Sections Marks Type Duration
Paper 1 – Economics & Social Issues 100 Objective 90
Paper 2 – English (Writing Skills) 100 Descriptive 90
Paper 3 – Finance & Management 100 Objective 90
Total 300

 

Phase 3 Interview

All the selected candidates will be called for the third phase which is the Interview.

 

RBI Assistant

 

 

RBI is the chief regulator of the overall banking in India. It plays a pivotal role in the development strategy of the Government of India. It serves as the figurehead of the banking system and the money market.

 

It manages the commercial bank and the non-banking finance companies working in India.

 

The assistant exam is conducted by the Reserve Bank of India (RBI) for recruitment of the assistant in various branches and sub-office

 

Highlight of Exam: Assistant 

 

Name of the exam RBI Assistant Exam
Organizing Body Reserve Bank Of India (RBI)
Post Assistant
Frequency of Exam Annually
Official Website https://www.rbi.org.in/

 

The official notification of the RBI Assistant exam is generally released in the month of September.

Exam Event Tentative Month
RBI Assistant Notification January
RBI Assistant Preliminary Exam February
RBI Assistant Main Exam To be published later
RBI Assistant Result To be published later

 

Eligibility Criteria

1. Nationality 

  • The candidate must fulfill any one of the following :
  • Candidates must be a citizen of India
  • Candidates must be a citizen of India
  • Must be a subject of Nepal or a subject of Bhutan.
  • Candidates should be Tibetan refugees who came to India before January 1, 1962, for settling permanently in India.
  • Candidates should be a person of Indian origin who has migrated from Burma, Pakistan, Ethiopia, Sri Lanka, Kenya, Myanmar, Uganda, Malawi, Tanzania, Vietnam, Zaire with the motive to settle permanently in India.

 

2. Age Limit

  • The age limit of the candidate must be a minimum of 20 years and must not be more than 28 years.
  • Scheduled Caste/Scheduled Tribe (SC/ST): 5 years
  • Other Backward Classes(OBC) : 3 Years
  • A person with Disabilities (PWD): 10 years (GEN), 13 years (OBC) & 15 years (SC/ST)
  • Ex-Servicemen: 5 years
  • Widow/ Divorced women/ women judicially separated and not remarried: 10 years
  • Candidate from the State of Jammu & Kashmir: 5 years
  • Candidate having work experience in RBI : 3 years

3. Educational Qualification 

Candidates should have Bachelor’s degree in any discipline from a recognized University with a minimum of 50% marks in aggregate (Pass marks for SC/ST/PWD candidates).

 

Exam Pattern: Assistant 

The Assistant exam is conducted in three phases mentioned below :

Phase 1: Preliminary Examination

Phase 2: Mains Examination

Phase 3: Language Proficiency Test

 

RBI Assistant Preliminary Exam Pattern: Phase 1

Subjects Marks Negative Mark Duration
Reasoning Ability 35 Yes 20 minutes
Numerical Ability 35 Yes 20 minutes
English Language 35 Yes 20 minutes
Total 100 60 minutes

 

RBI Assistant Mains Exam Pattern: Phase 2

Subjects Marks Duration Negative Mark
Reasoning Ability 40 30 minutes Yes
English Language 40 30 minutes Yes
Quantitative Aptitude 40 30 minutes Yes
General Awareness 40 25 minutes Yes
Computer Knowledge 40 20 minutes Yes
Total

 

Phase 3: RBI Assistant Language Proficiency Test

Language Proficiency Test (LPT) is the last and final stage of the selection process.

 

The candidates who qualify for the mains examination will have to appear for the LPT. LPT will be conducted in the local or the Official Language of the state concerned.

 

 

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