rbiRESERVE BANK OF INDIA GRADE-B OFFICER EXAM 2018 

TOTAL POSTS: 166

 

Post Number of Vacancies
Unreserved

i.e., General

(GEN/UR)

Scheduled Castes (SC) Scheduled Tribes (ST) Other Backward Classes (OBC)$ TOTAL
1. Officers in Grade ‘B’(DR)- General 64 20 10 22 127
2. Officers in Grade ‘B’(DR)- DEPR 11 4 1 6 22
3. Officers in Grade ‘B’(DR)- DSIM 11 1 3# 2 17

RBI Grade B 2018 Important Dates:

Events   Important Dates
Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges July 3, 2018 to July 23, 2018
1. Officers in Gr B (DR) General Phase-I Online Examination Phase-II Online Examination August 16, 2018 $

September 7, 2018

2. Officers in Gr B (DR) DEPR* Paper – I Online Examination Paper – II & III

Online/Written Examination

August 16, 2018

September 6 / September 7, 2018 (To be confirmed in Admit cards)

3. Officers in Gr B (DR) DSIM@ Paper – I Online Examination Paper – II & III

Online/Written Examination

August 16, 2018

September 6 / September 7, 2018 (To be confirmed in Admit cards)

 

Eligibility:

  1. Age: 21 to 30 Years as on 01/07/2018. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively.

Relaxation: OBC: 3yrs, SC/ST: 5 yrs, PH: 10yrs, Ex. Serv.: 5 Yrs.

  1. Qualification: Should hold a degree of Graduation on or before 31–08-2018.

Minimum Educational Qualifications: (as on 01-07-2018):

  1. Officers in Grade ‘B’ (DR) – (General)

  • A minimum of 60% marks (50% in case of SC/ST/PwBD) or an equivalent grade in Bachelor’s degree as well as in 12th (or Diploma or equivalent) and 10th Standard examinations.
  • The minimum qualifying percentage or an equivalent grade for the Bachelor’s degree will be in aggregate for all semesters / years
  1. Officers in Grade ‘B’ (DR) – DEPR Essential:

A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

Note: SC, ST and PwBD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters / years in Master’s Degree examination or equivalent recognized qualifications are eligible to apply.

Desirable: A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.

Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.

(i) Candidates having Master’s Degree with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

ii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

Officers in Grade ‘B’ (DR) – DSIM Essential:

  1. A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR
  2. Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an institute of repute; OR
  3. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years OR
  4. Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

NOTE: For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items a, b, c and d above is 50% or an equivalent grade in aggregate of all semesters/ years.

Desirable: (i) Candidates with a Doctorate in topics related to above subjects will be given preference. (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.

Note: (i) Candidates possessing M.Phil. and Ph.D. qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.

(ii) Candidates with research / teaching experience at a recognized Indian / Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

(iii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

Note I: The candidate must hold a degree of any of Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University Under Section-3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a foreign university recognized by the Association of Indian Universities.

Note II: Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/ Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University/Institute/ Board does not define criteria for conversion of Aggregate Grade Point into percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale Aggregate Percentage of Marks
6.75 60%
6.25 55%
5.75 50%

Note III: Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course.

Note IV: Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a  number other than 10, it will be normalized out of 10 and computed as per note 2 above.

Note V: The relaxation in minimum educational qualifications for SC/ST/PwBD candidates mentioned above is subject to reservation of vacancies under the respective post and category and identification of posts for PwBD as notified above.

Number of Attempts: Candidates belonging to unreserved i.e. General Category, who have already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PwBD, if the posts are reserved for them.

Centres for Phase II Gr B- (DR) (General) / Paper II &III (DEPR/DSIM)

Name of the Centres

Ahmedabad – Gandhi Nagar

Jammu

Bengaluru

Kanpur

Bhopal

Kochi

Bhubaneswar

Lucknow

Kolkata

Mumbai- Navi Mumbai

Chandigarh- Mohali

Nagpur

Chennai

New Delhi- NCR

Guwahati

Patna

Hyderabad

Pune

Jaipur

Thiruvananthapuram

 

APPLICATION FEE AND INTIMATION CHARGES:

Sr. No. Category Charges Amount*
1. SC/ST/PwBD Intimation Charges only Rs.100/-
2. GEN/OBC Application fee including intimation charges Rs.850/-
3. STAFF@ Nil Nil

 

HOW TO APPLY FOR RBI GRADE B 2018

Candidates are required to apply only online using the website www.rbi.org.in. No other means/mode of application will be accepted.

LAST DATE OF RECEIPT OF APPLICATIONS:

The Online Applications can be filled up to 23 July, 2018 till 12:00 midnight.

Recruitment Process:

The recruitment is done through three stages. Preliminary & mains Test followed by the Interview.

SCHEME OF SELECTION AND SYLLABUS FOR OFFICERS IN GR B (DR)-GENERAL- 2018:

Selection will be through ONLINE Examinations and interview. Examinations will be held in two phases as described in following paragraphs.

(I) Phase-I online Examination (Objective Type): This will comprise a single Paper for 200 marks and will be held on August 16, 2018. Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, has to appear for examination in only one shift on the given day. The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate from our website (www.rbi.org.in). The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method.

The Paper will consist tests of

  1. General Awareness
  2. English Language
  3. Quantitative Aptitude and Reasoning

A composite time of 120 minutes will be given for answering. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board.

Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI web-site, tentatively within a week after Phase-I examination.

(II) Phase-II online Examination: The Phase-II online Examination will be conducted on September 7, 2018, only for the candidates who are shortlisted on the basis of results of Phase-I. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:

Name of Paper Type of Paper Time (Minutes) Marks
Paper-I:

Economic and Social Issues

Objective Type 90 100
Paper II:

English (Writing Skills)

Descriptive, to be typed with the help of the keyboard 90 100
Paper-III:

Finance and Management

Objective type 90 100

NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

The Board reserves the right to modify the exam dates and time entirely at its discretion.

(III) Interview: Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID. Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

SYLLABUS (Phase-II)

Paper-I – Economic and social Issues:

Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

Paper-II -English (Writing Skills):

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Paper-III -Finance and Management:

(I) Finance

(a) Financial System

  1. Regulators of Banks and Financial Institutions
  2. Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.

(b)Financial Markets

Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), functions, instruments, recent developments.

(c) General Topics

  1. Risk Management in Banking Sector
  2. Basics of Derivatives: Forward, Futures and Swap
  3. Changing Landscape of Banking sector
  4. Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
  5. Financial Inclusion- use of technology
  6. Alternate source of finance, private and social cost-benefit, Public-Private Partnership
  7. Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
  8. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
  9. Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.

Suggested reference material:

  1. An introduction to Economics – A W Stonier and D C Hauge
  2. Monetary Theory and Public Policy – Kenneth Kurihara
  3. Indian Economy – Mishra and Puri
  4. Indian Economy – R. Dutt and KPM Sundaram
  5. Economic Growth and Development – Mayer and Baldwin
  6. Major economic newspapers and Economic and Political Weekly
  7. Public Finance – K K Andley and Sundaram
  8. Financial Management – Prasanna Chandra

(II) Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

The questions on this section will be basic in nature.

SCHEME OF SELECTION FOR OFFICERS IN GR B (DR)-DEPR /DSIM:

Officers in Grade ‘B’ (DR) – DEPR-2018- Job Requirement, Scheme of Selection and syllabus

(i) Job Requirements: Primarily to undertake economic analysis and research and contribute to policy formulation, apart from compilation of data relating to select sectors

ii)Scheme of Selection:

Selection will be through Online/ Written Examination (WE) and interview. There are 3 papers for the Examination. Paper I Objective Type (on Economics) to be held on August 16, 2018 and Paper II & III will be held separately on September 6 or 7, 2018 (date to be confirmed in admit cards).

Name of Paper Duration Maximum Marks
Paper-I Objective Type (on Economics) 120 minutes 100
Paper-II Descriptive Type (on Economics)
(Question paper displayed on computer, answers to be written on paper) 180 minutes 100
Paper-III English – Descriptive
(To be typed with help of keyboard) 90 minutes 100
Total 300

A composite time of 120 minutes will be given for answering Paper I. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks as may be prescribed by the Board.

Candidates, who secure minimum aggregate marks in Paper I, as prescribed, will be shortlisted for Paper-II/ Paper III of the examination based on the marks obtained in Paper-I. The minimum aggregate cut-off marks for being shortlisted for Paper II and Paper III of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Paper II and Paper III examination will be published on RBI web-site, tentatively within a week after Paper -I examination.

(iii) Paper – II and III online/Written Examination: The Paper II and Paper III Examination will be conducted on September 6 or 7, 2018, only for the candidates who are shortlisted on the basis of results of Paper-I. The Paper II and Paper III examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Paper II and Paper III will be intimated to the candidates concerned along with Admission Letter for Paper II and Paper III.

(iv) Question papers for ‘WE’ will be set in Hindi and in English (except Paper-III on English). Answers for Paper-II may be written either in Hindi or English. Paper-III will have to be answered in English only. Candidates may opt for interview in Hindi or English.

(v) The number of candidates to be called for interview will be decided by the Board.

(vi) Final selection will be on the basis of performance in the ‘WE’ and interview taken together.

(vii) Syllabus: (i) Standard of papers on Economics would be that of Master’s Degree examination in Economics of any Central University in India. (ii) Syllabus for English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

(viii) Suggested reading material: RBI publications viz., Annual Report, Report on Trend and

Progress of Banking in India, Monetary Policy Report and the Financial Stability Report and the Economic Survey published by the Government of India over the previous two years.

Officers in Grade ‘B’ (DR) – DSIM- 2018- Job Requirement, Scheme of Selection and syllabus

(i) Job Requirements: To undertake collection, compilation, analysis and interpretation of data on banking, corporate and external sectors; Modelling and forecasting of inflation, growth and other important macroeconomics indicators; Analytical studies involving statistical/econometric models in the operational areas of interest to the Reserve Bank; Planning, designing and organizing sample surveys; maintaining technology-driven centralized reporting system and Data warehouse for information management /dissemination; and Development of methodology for the measurement and estimation of variables and improvement of the database of various sectors of the economy.

(i) Scheme of Selection:

Selection will be through Online/ Written Examination (WE) and interview. There are 3 papers for the Examination. Paper I Objective Type (on Statistics) to be held on August 16, 2018 and Paper II & III will be held separately on September 6 or 7, 2018 (date to be confirmed in admit cards).

Name of Paper Duration Maximum Marks
Paper-I Objective Type (on Statistics) 120 minutes 100
Paper-II Descriptive Type (on Statistics)
(Question paper displayed on computer, answers to be written on paper) 180 minutes 100
Paper-III English – Descriptive
(To be typed with help of keyboard) 90 minutes 100
Total 300

 

A composite time of 120 minutes will be given for answering Paper I. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.

Candidates have to secure minimum marks as may be prescribed by the Board.

Candidates, who secure minimum aggregate marks in Paper I, as prescribed, will be shortlisted for Paper-II/ Paper III of the examination based on the aggregate marks obtained in Paper-I. The minimum aggregate cut-off marks for being shortlisted for Paper II and Paper III of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Paper II and Paper III examination will be published on RBI web-site, tentatively within a week after Paper -I examination.

Paper – II and III online/Written Examination: The Paper II and Paper III Examination will be conducted on September 6 or 7, 2018, only for the candidates who are shortlisted on the basis of results of Paper-I. The Paper II and Paper III examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Paper II and Paper III will be intimated to the candidates concerned along with Admission Letter for Paper II and Paper III.

(iv) Question papers for ‘WE’ will be set in Hindi and in English (except Paper-III on English). Answers for Paper-II may be written either in Hindi or English. Paper-III will have to be answered in English only. Candidates may opt for interview in Hindi or English.

(v) The number of candidates to be called for interview will be decided by the Board.

(vi) Final selection will be on the basis of performance in the ‘WE’ and interview taken together.

Syllabus: Standard of papers would be that of Master’s Degree examination of any Central University in India.

Paper-I: Questions would cover Probability: Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis and Stochastic Processes.

Paper-II: Questions would cover (i) Probability and Sampling, (ii) Linear Models and Economic Statistics, (iii) Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test, (iv) Stochastic Processes, (v) Multivariate analysis and (vi) Numerical Analysis and Basic Computer Techniques. There will be sufficient choice for candidates to attempt the required number of questions fromany three ormore of the above six groups.

Paper-III: English: Essay, Précis writing, Comprehension and Business/Office Correspondence.

Manner of conduct of examinations for both GR B (DR)-DEPR /DSIM:

(i) The examination will be conducted on two days i.e. Paper I on August 16, 2018 and Paper II & III will be held separately on September 6 or 7, 2018 (date to be confirmed in admit cards).

(ii) Paper – I (Objective type on Economics / Statistics as the case may be) will be conducted online and comprise multiple choice questions.

iii)Paper – II (Economics / Statistics as the case may be) will be a descriptive type pen/paper based examination where the questions will be displayed on computer screen and will be conducted in one session on September 6 or 7, 2018.

(iv) Paper – III (English) will be of descriptive type where the candidates will be expected to type out answers on a computer.