RBI Grade B
Life with RBI is not just another career. It’s a commitment. Commitment to serve the Nation, where your decisions make an impact on the way the economy and the financial sector in the country evolves. Under Grade-B, RBI offers the following posts:
- Officers in Grade B (DR) – General
- Officers in Grade B (DR) – (Department of Economic and Policy Research)
- Officers in Grade B (DR) – (Department of Statistics and Information Management, DSIM)
We at World of Economics offer Coaching for RBI Grade B Exam Pattern (DR)- General and RBI- Grade-B (DR)- DEPR.
Eligibility Criteria
Educational Qualification for posts of Grade B (DR) (General)
A Minimum of 60% marks (50% in case of SC/ST/PWD) or equivalent in Bachelor’s Degree as well as in 12th and 10th standard examinations or Post-Graduation/ Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.
Educational Qualification for posts of Grade B (DR) (Economics and Policy Research Department, DEPR)
Master’s Degree in Economics/Econometrics/Mathematical Economics/Quantitative Economics/Integrated Economic Course/Finance, with a min. of 55% marks or an equivalent grade in aggregate of all semesters/years . PGDM/MBA Finance with a min. of 55% marks or an equivalent grade in aggregate of all semesters/years Master’s degree in Economics in any of the sub-categories – Agricultural/business/developmental/applied etc. with a min. of 55% marks or an equivalent grade in aggregate of all semesters/year.
Educational Qualification for posts of Grade B (DR) (Statistics and Information Management Department, DSIM)
A Master’s Degree in statistics/Mathematical Statistics/Mathematical Economics/Econometrics/Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informaics from IIT-Bombay with a min. of 55% marks or an equivalent grade in aggregate of all semesters/years . Master’s degree in Mathematics with a min. of 55% marks or an equivalent grade in aggregate of all semesters/years and one-year Postgraduate diploma in statistics or related subjects from an institute of repute. Master’s degree in Statistics of ISI with a min. of 55% marks in aggregate of all semesters/years Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata,IIT Kharagpur and IIM Calcutta with a min. of 55% marks or equivalent grade in aggregate of all semesters/years.
Age Criteria
The present age criteria of “Between 21 to 30 years” will be retained. For M. Phil and Ph. D candidates the upper age limit will be 32 and 34 years, respectively As per extant practice age relaxation will be available to experienced candidates viz. candidates having experience as an officer in Commercial Bank/ Financial Institution in Public Sector as also candidates with prior experience in Reserve Bank of India, to the extent of number of years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned.
Exam Pattern
The RBI Grade B Exam pattern for Phase-I and Phase-II is tabulated below:
| RBI Grade B Phase-I Exam Pattern | |||
|---|---|---|---|
| Section | Number of Questions | Number of Marks | Time Allocated |
| General Awareness | 80 | 80 | A total of 2 hours is given to the candidates to complete the exam. |
| Quantitative Aptitude | 30 | 30 | A total of 2 hours is given to the candidates to complete the exam. |
| English Language Reasoning | 30 | 30 | A total of 2 hours is given to the candidates to complete the exam. |
| Reasoning | 60 | 60 | A total of 2 hours is given to the candidates to complete the exam. |
| Total | 200 | 200 | A total of 2 hours is given to the candidates to complete the exam. |
The RBI Grade B Exam pattern for Phase-II is tabulated below:
| RBI Grade B Phase-II Exam Pattern | |||
|---|---|---|---|
| Name of the Paper | Type of Paper | Number of Marks | Time Allocated |
| Paper I Economic & Social Issues | Objective+ Descriptive | 100 | 120 minutes |
| Paper II English (Writing Skills) | Descriptive Type | 100 | 90 minutes |
| Paper III Finance & Management | Objective+Descriptive | 100 | 120 minutes |
Syllabus: RBI Grade B Exam Pattern (DR)- DEPR
Standard of papers on Economics would be that of Master’s Degree examination in Economics of any Central University in India. Syllabus for English: The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.
Number of Attempts
The maximum permissible number of attempts (which were applicable for candidates belonging to Unreserved/General Category) has been increased from 4 to 6.
Resources
Micro Economics
- Modern Microeconomics: Koutsoyiannis
- Microeconomics: Robert S. Pindyck, Daniel L. Rubinfeld
- Intermediate Microeconomics – A Modern Approach: Hal R Varian
- World of Economics Microeconomics RBI Grade B Booklet
Macro Economics
- Macroeconomics: Rudiger Dornbusch, Stanley Fischer
- Principles of Macroeconomics: David Shapiro
- World of Economics Macroeconomics RBI Grade B Booklet
International Economics
- International Economics: Dominick Salvatore
- World of Economics International Economics RBI Grade B Booklet
Development Economics
- Economic Development: Michael Todaro, Stephen Smith
- Growth and Development: M.L. Jhingan
- World of Economics Development Economics RBI Grade B Booklet
Indian Economy
- Indian Economy: Dr. Madhur M. Mahajan by Pearson
- Latest Economic Survey Government of India
- Latest Budget Documents
- RBI Monthly Bulletins
Public Finance
- Public Finance in Theory and Practice: Richard Musgrave
- Public Finance: H.L. Bhatia
- World of Economics RBI Grade B Booklet
Statistics
- Statistics: S.P. Gupta
- World of Economics Statistics RBI Grade B Booklet
Mathematical Economics
- World of Economics Mathematical Economics RBI Grade B Booklet
Econometrics
- Basic Econometrics: Damodar N. Gujarati.
- World of Economics Econometrics RBI Grade B Booklet
