RBI Grade B 2024 Complete Information
Topics Covered: RBI Grade B Officer Exam 2024, Job Profile, Salary, Eligibility Criteria, Selection Procedure, Recruitment, Vacancy, Application Form (including Fees), Exam Pattern, Syllabus, Preparation Tips, Mock Tests, Best Books for Preparation, Admit Card, Previous Year Papers, Exam Analysis, Cut Off, and Result
Under the government led by Indira Gandhi, 14 major commercial banks were nationalized in the year 1969. Upon her return to power in 1980, another six banks were further nationalized.
And from there on, with its roles and functions, the RBI has played a key role in India’s economic growth.
For example, in 1973, the RBI restricted monetary policy to balance out the effects of increasing inflation caused by the major oil crisis.
And in recent times, RBI has taken a significant step to promote fintech innovation in India by signing a MoU with Central Bank of the United Arab Emirates (CBUAE) to collaborate on emerging areas from this field.
Talking about its functions, as per the Preamble of the Indian Constitution, RBI is primarily tasked with responsibility with securing nation’s monetary stability, to maintain price stability, issuances of bank notes, checking upon reserves, etc.
Given the roles and responsibilities assigned while working in RBI, you see why so many aspire to become an RBI Grade B Officer.
The answer goes beyond just the salary and other perks but the fact that you get to work at such a reputed institution.
However, it’s not enough to imagine oneself as RBI Grade B officer but take the required action to become one!
One of the most effective ways to begin your preparation is to know all important information related to RBI Grade B exam.
If you are one of the aspirants gearing up for the 2024 cycle, make sure you do not miss any crucial details regarding the exam as the official notification has come out.
To help you with the same, I have discussed in detail everything you need to know about RBI Grade B 2024 exam.
So, without further ado, let’s get started!
Table of Content – RBI Grade B Complete Information
1. Highlights
2. About Exam
3. Selection Procedure
4. Job Profile
5. Salary
6. Eligibility Criteria
7. Vacancy
8. Application Form
8.1 Application Fees
9. Exam Pattern
10. Syllabus
11. Preparation Tips
12. Mocks & Books
13. Admit Card
14. Previous Year Papers
15. Exam Analysis
16. Cut Off
17. Result
| RBI Grade B Exam Basic Information | |
|---|---|
| Exam Name | RBI Grade B |
| Post | Grade B (DR) for General, DEPR, DSIM Streams |
| Organisation Name | Reserve Bank of India (RBI) |
| Exam Types | Online Examination |
| Application Fees | General/ OBC/ EWS - Rs. 850/- SC/ST/PWD - Rs 100/- |
| Selection Process | Phase 1: Prelims Phase 2: Mains Phase 3: Interview |
| Job Location | India |
| Category | Government Job |
| RBI Website | www.rbi.org.in |
RBI Grade B Latest Update
In the section below, I have mentioned the important details related to RBI Grade B 2024 exam cycle as follows:
- 14th November 2024 – The Phase 2 exam 2024 Result released.
- 11th October 2024 – The Phase 2 exam 2024 Admit Card released.
- 20th September 2024 – The Phase 1 exam 2024 result has been out.
- 29th August 2024 – The RBI Grade B 2024 Phase 1 admit card has been announced.
- 25th July 2024 – The application process for RBI Grade B 2024 has begun on this date and shall continue till 16th August 2024.
- 25th July 2024 – The RBI Grade B 2024 notification has been released. The link to download the official RBI notification PDF is attached here.
- 19th July 2024 – A total of 94 vacancies have been announced by the RBI.
- 19th July 2024 – The RBI Grade B 2024 newspaper advertisement has been released. As per the details, the Phase 1 exam will be held on 8th September 2024, while the Phase 2 exam shall commence on 19th October 2024.
RBI Grade B Exam
RBI Grade B exam is one of the most significant banking exams conducted across the country.
This Grade B recruitment exam is the only entry-level officers’ exam that is conducted by the RBI.
The RBI Grade B exam is a three-stage process, and the syllabus for written examinations comprise both an objective and a descriptive portion.
Another important thing to note is that the RBI Grade B openings are published for a variety of posts including- Officers in Grade ‘B’ (DR) – (General), Officers in Grade ‘B’ (DR) – DEPR, and Officers in Grade ‘B’ (DR) – DSIM.
I have explained elaborately about the exam’s recruitment process in the next section below.
RBI Grade B Recruitment Process
The Recruitment/Selection Process for RBI Grade B (General), consists of the following 3 Phases:
- Preliminary Exam (Phase 1)
- Mains Exam (Phase 2)
- Interview (Phase 3)
One needs to clear all three Phases to be selected for the post of Grade ‘B’ Officer.
The Prelims exam is basically an elimination round. Out of the lakhs of candidates, only a few thousands are selected to appear for the next stage.
Mains exam is one of the phases meant for the selection of the top-scoring candidates. In this exam, every candidate that scores above the cut-off marks is allocated a score.
Those with the highest scores in the Mains are then selected for the final phase or the Interview round. This phase too, like with the Mains, is meant for the selection of the highest-scoring candidates.
After the interview round is over, the final list of the selected RBI Grade B candidates is prepared considering the combined scores of those with the highest marks in both, the Mains, and the Interview round.
The candidates that find their names on the final list are eventually the ones that are recruited and get to train as RBI Grade B officers.
RBI Grade B Officer Job Profile 2024
You might be wondering what the job profile of a ‘Grade B’ officer entails.
As a layman, most people know that the RBI is the premier bank of India, and the money-minting master. Therefore, it’s certainly an imperative institution in our economy.
That said, getting posted as a Grade B officer is a matter of great prestige. It gives the person an opportunity to work as a dedicated, on-ground operative for the apex bank of India.
Let’s get into more details so you get a good picture of what goes on in backend. So, here are a few functions that are performed by RBI Grade B officer:
- Well, an RBI Grade B officer inspects the credit appraisal system of banks, KYC AML guidelines, cash vaults, functioning and the overall security of the branch, and a host of other things.
- The officer’s job profile also often involves the task of making sure that banks under his jurisdiction function as per the banking regulations act 1949.
- This is a great responsibility, as it involves protecting public money and safeguarding the interests of depositors.
- Furthermore, depending on your hard work, there’d also be scope for growth within the framework of the organization.
- Also, the Job profile would involve a tenure of up to four years during a period of post-trial supervision. Persons are randomly assigned to departments. For example, officers with experience in banking might be inducted into HRD or vice-versa.
- Moreover, frequent transfers from one division to another are the part and parcel of this job profile. A segment of Grade B officers might be involved in the policymaking process.
Also, RBI, being the central bank of India, has most of its offices in urban and regional centers instead of the rural ones.
You can read more details about the RBI Grade B Officer Job Profile here.
RBI Grade B Salary 2024
Talking about the prominent aspects, the RBI Grade B Salary 2024 is a factor that will of great interest for you.
The basic pay is ₹ 55,200/-p.m, and the initial monthly gross emoluments stands at 1,22,717/- (approximately).
So, the students that apply each year don’t merely get inspired by the renumeration, it’s all the other perks you get along.
The reason being that the RBI is known to be quite liberal in compensating even for the smallest expenses.
Therefore, the RBI salary is not just inclusive of basic pay but also other allowances and such as – Dearness Allowance (DA), House Rent Allowance (HRA), medical allowance, etc., which make it even more attractive.
The job of a RBI Grade B officer is lucrative with a salary that can be compared with high paying jobs in the corporate sector.
Moreover, since it undergoes changes every now and then, you can expect the salary to increase in due course of time. .
Click Here to know about the break up of RBI Grade B Salary. (I’m so damn sure, that most of you would rather check the salary break-up than the syllabus).
RBI Grade B Eligibility Criteria 2024
As the official notification for RBI Grade B 2024 has been released, you can look at the latest eligibility criteria and check whether you meet the requirements prescribed in the notification, to apply for the exam.
Eligibility is a crucial aspect of an examination process; thus, we should get a good picture of the criteria for a green light.
Here’s the detailed eligibility criteria of RBI Grade B 2024:
1) Age Eligibility
You must be above the age of 21 years but must not have touched the 30th year of your life. As of 01st July, 2024, you must have been born not earlier than 02nd July, 1994 and not later than 01st July, 2003.
If you have an M.Phil. or a Ph.D. degree, the upper age limits are 32 and 34 years respectively.
If you belong to the SC/ST category, there is a provision for relaxation of the upper age limit up to 5 years.
2) RBI Grade B Officers (General) Educational Qualification Requirements
| Post | Minimum Education Qualification |
|---|---|
| General | You should have 60% marks in Graduation (50% for SC/ST/PwBD applicants) or Post Graduation with a minimum of 55% marks(pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years. Many students ask if 60% marks in graduation should be in each semester or average. Well, relax, it’s an average of all semesters. |
For more details, read the full Eligibility Criteria for DEPR, and DSIM separately.
There are certain nationality requirements as well you may also read about them on the blog linked above.
Now, I’ve said this before, I’ll say it again. No good thing comes without terms and conditions, and the terms are pretty steep in this case given that the Eligibility Criteria are just a nice little time bomb wrapped in very sweet packaging.
I say that because the criterion of educational qualification is as I said a steep one as far as the RBI Grade B exams are concerned. It’s steeper than that of most other Indian government entrance exams, even steeper than ones prescribed for the UPSC exam.
RBI Grade B Vacancy 2024
Latest Update: – In a detailed RBI Grade B 2024 newspaper advertisement which has been published on 19th July 2024, a total number of 66 vacancies for General Stream have been announced.
An intimidating number of students apply for the RBI Grade B exam every year. While most students are unable to make it in the final list, this consequently builds a lot of tension and competition.
However, do not fret as your utmost responsibility is to prepare yourself and hone your skills and every year, more than 200+ vacancies are declared.
The Reserve Bank of India declared a total of 94 vacancies in the RBI Grade B 2024 notification. The vacancies are divided under three heads.
- General (DR)- 66 Vacancies
- DEPR (DR)- 21 Vacancies
- DSIM (DR)- 07 Vacancies
Here are the details of Vacancies for the RBI Grade B (DR) General post of the year 2024:
^ In addition to 66 vacancies for Grade ‘B’ (DR)-General, 14 vacancies are reserved for Persons with Benchmark Disability (PwBD) Category, viz. 1 vacancy for candidates of blindness and low vision; 8 vacancies for deaf and hard of hearing out of which 7 are backlog vacancy; 1 vacancy for locomotor disability including cerebral palsy, leprosy cured, dwarfism, acid attack victims and muscular dystrophy; and 4 vacancies for persons with autism, intellectual disability, specific learning disability and mental illness, out of which 4 are backlog vacancies.
If you want to know the details about the vacancies of the RBI Grade B (DR) DEPR and DSIM for the year 2024, you can go check the table given below:
| Post | Number of vacancies | |||||
|---|---|---|---|---|---|---|
| General / UR | SC | ST | OBC$ | EWS@ | Total | |
| Officers in Grade ‘B’ (DR) - General | 27 | 10 | 4 | 19 | 6 | 66 |
| Officers in Grade ‘B’ (DR) - DEPR | 8 | 1 | 6(3) | 5 | 1 | 21 |
| Officers in Grade ‘B’ (DR) - DSIM | 2 | 1(1) | 4(4) | - | - | 7 |
Symbol Key for the Table:
() Includes backlog vacancies
$ If you are a Candidate belonging to the OBC category but coming in the ‘Creamy Layer’. You are not entitled to an OBC reservation. You should indicate your category as ‘General (GEN)’.
@ Reservations for Economically Weaker Sections (EWSs) in the recruitment for RBI Grade B Officer is governed by Office Memorandum No.36039/1/2019-Estt(Res) dated 31.01.2019 of Department of Personnel & Training, Ministry of Personnel, Public Grievances & Pensions, Government of India. The EWS candidates should note that in case they are not in possession of the “Income & Assets Certificate” as per the extant DoPT guidelines on or before the closure of the online application date, such EWS candidates should apply under the ‘General (GEN)’ category only.
RBI Grade B Application Form 2024
Latest Update: – The RBI Grade B 2024 notification has been released on 25th July 2024 and the application process shall begin from the same day itself and will continue till 16th August 2024.
The newspaper advertisement for RBI Grade B exam 2024 had been published on 19th July 2024. It has notified about release of official notification and total number of vacancies announced.
Last year, the newspaper advertisement published on 26th April 2023 and the official notification of RBI Grade B officers’ recruitment released on 9th May 2023.
The application window activated on 9th May 2023, i.e., the date as same as the release of notification and continued till 16th June 2023.
While your hard work holds the key to success, the destiny of your hard work depends on the careful filling of the application form.
Fill the application form with utmost care. One small mistake can prove to be very costly.
Apply due diligence before proceeding with the submission of the application form. To know how not to mess it up, Read here how to fill Application Form.
RBI Grade B Application Fees 2024
The Payment of the RBI Grade B Exam fee is the final step in filling the online application form.
Meaning that your application is considered final only when you successfully pay the Application fee.
You can only pay the RBI Grade B 2024 application fees online via Credit/debit card/IMPS/net-banking/mobile wallets and cash cards.
On the successful payment of the Exam fee, you’d receive an e-receipt from the website stating the same.
This e-receipt would need to be saved by you along with the application form.
In case your RBI Grade B 2024 Exam fee payment is not successful, then you’d have to start the Exam fee payment process from the beginning.
| Category | Charges | Amount |
|---|---|---|
| SC/ ST/ PwD | Intimation Charges only | INR 100 + 18% GST |
| GEN/ OBC/ EWS | Application fee including Intimation Charges | INR 850 + 18% GST |
| Staff | NIL | NIL |
RBI Grade B Exam Pattern 2024
With notification for RBI Grade B 2024 out, then you can go through the exam pattern of 2024 since the exam pattern remains static with no major changes.
To provide you an overall idea for the exam pattern for RBI Grade B 2024, you can look at the following points below:
- The Phase I exam which consists of objective – based questions is of total 200 marks.
- Whereas the Phase II exam which includes both objective and descriptive portion is of total 300 marks.
You can get an overall idea of the exam pattern 2024 by checking the link I have provided below.
Read about the Exam Pattern of RBI Grade B, here.
RBI Grade B Syllabus 2024 – Phase 1 and 2
Having a proper understanding of the syllabus is one of the most crucial steps for aspirants who wish to prepare for RBI Grade B 2024. Since the notification is out for the same, you must carefully go through the latest syllabus.
The RBI Grade B 2024 syllabus is extensive and dynamic in nature, you ought to keep yourself on track when it comes to finishing off the portion or revision.
As you might know by now, there are two written exams for RBI Grade B exam, while Phase I exam is objective in nature, the Phase II exam consists of both objective and descriptive portion.
To provide you an idea of the topics asked in the exam, I’ve described the syllabus of RBI Grade B 2024 Phase 1 and Phase 2.
- The syllabus for Phase I includes subjects like Quantitative Aptitude, Reasoning, English, and General Awareness.
- The Phase 2 syllabus comprises of subjects such as Economic & Social Issues (ESI), Finance & Management (F&M), and English Descriptive papers.
If you wish to know complete list of topics and sub- topics, you can check RBI Grade B Phase 1 & 2 Syllabus here.
RBI Grade B Preparation Tips 2024
By this point in the blog, I think I have made it clear enough that the level of the 2024 RBI Grade B exam will be pretty tough.
Therefore, having a proper study plan before starting to prepare for this exam is probably (most definitely) the best decision you could make.
That said, preparing and going through an overall strategy and a sectional strategy for this exam will eventually help you to score better.
A good strategy goes a long way. You could be smart, you could have the best resources but if you don’t have a plan for time management, prioritizing, revision, etc., it will inevitably become a tough road for you.
Check here to read more about this approach to prepare for RBI Grade B Exam.
RBI Grade B Mock Tests & Books 2024
To make sure you ace the upcoming RBI Grade B 2024 exam, you must be a comprehensive idea regarding booklist and mock tests provided for the exam.
Right off the bat, let me tell you, that reading from the right books, and solving the various RBI Grade B mock tests can make all the difference in the world when it comes to cracking the exam.
Revision and making the most out of your revision are a game changer. The attributes of a good RBI Grade B Officer are consistency and dedication.
During mock tests, you’re basically training yourself to get in the ‘exam mode’. You learn skills like time management, cancellation, prioritization, and most importantly – presence of mind.
You see when you make the effort of trying to look for the right books for your preparation you aren’t actually squandering your time and energy, rather you are saving them instead.
How, you ask?
Well, firstly, there are certain books that are so relevant from an exam point of view, that there might be chances of questions being asked in the actual exam from that very book.
Secondly, reading about topics from a single book would take a lot less time than reading the various topics from a number of books.
So, yeah reading from the right books is absolutely essential to preparing well for the RBI Grade B exam.
Now, to talk about Mock Tests, it’s imperative that you regularly test your waters by solving high-quality RBI Grade B mock tests. I often say that preparing from the books to cover the syllabus and solving mock tests go hand in hand, one after the other.
For instance, first, covering the topics of the RBI Grade B syllabus from the right books, and then practicing on mock tests to gauge your strong and weak points.
Check the recommended RBI Grade B Books for Phase 1 & Phase 2 and Access Mock Tests here.
RBI Grade B Admit Card 2024
Latest Update: – The admit card for RBI Grade B 2024 Phase 2 exam has been released on 11th October 2024.
The Phase I exam of RBI Grade B 2024 will take place on 08th September 2024 and the admit card for the same is releases on 29th August 2024.
The RBI Grade B 2024 notification has been announced on 25th July 2024.
Whereas the Phase II exam of RBI Grade B 2024 will be held on 19th October 2024 and the admit card for the same will approximately release 2- 3 weeks before the exam.
Previously, the RBI Grade B 2023 Phase 1 exam was conducted on 9th July 2023. For this the admit card was released on 29th June 2023. The Admit card window remained available till 9th July 2023.
And as far as the admit card of RBI Grade B 2023 Phase 2 is concerned, it was out following the result of Phase 1 exam.
The Phase 2 exam, which was scheduled for 30th July 2023, its admit card has been released on 24th July 2023. The call letter link remained open till the exam date i.e., till 30th July 2023.
To know more about the RBI Grade B Admit Card and the steps to download it, check the linked blog.
RBI Grade B Previous Year Question Papers
If you want to crack the RBI Grade B exam, you’d need to solve as many previous year question papers as you can. Solving these would increase your chances of acing the exam to a great degree.
The key to acing the RBI Grade B 2024 exam is to learn several concepts from one question.
Yes, that’s a brilliant toppers’ technique. You sit down with RBI Grade B past year questions and go in-depth with each and every option given.
With that said, the best way you can prepare for the exam would be as follows:
- First solve a random previous year question paper and then gauge for yourself your strengths and weaknesses.
- Then according to your findings, you can begin by first preparing the topics of the RBI Grade B syllabus that you are weak at, and then go over to sharpen the portions you are already strong at.
- Following this process, when you are done with the entire syllabus, you can try solving another random previous year question paper to identify the portions of the syllabus that you are still weak at. Then repeat the aforementioned process again.
- Repeat the process until you attain the same level of mastery in every topic of the RBI Grade B syllabus.
Lastly, if you have the god of luck on your side, you might just come across certain questions in your RBI Grade B paper, that you had already encountered while solving the previous year question papers.
Having said that I have compiled for you a bunch of RBI Grade B previous year question papers.
RBI Grade B Exam Analysis 2024
By now you know the syllabus and other important things for RBI Grade B Examination. But merely just knowing the syllabus won’t solve the purpose.
If you are preparing to crack the RBI Grade B Exam 2025, then you must go through the exam paper of 2024 and analyse it thoroughly.
In addition to that, you must know the type of questions that are asked from each section (such as Quant, Reasoning, English, General Awareness, Finance & Management, Economics & Social Issues).
To help your cause, I have prepared the analysis of recently culminated RBI Grade B Phase 1 2024 and RBI Grade B Phase 2 2023. In addition to that, I am giving you the provision to check the exam analysis of previous years.
Don’t worry I have covered that also (In the blog linked below) since I have promised to help you at every stage.
Explore the link to get detailed Exam Analysis of RBI Grade B 2024-2022.
RBI Grade B Cut Off 2024
Latest Update: The cutoff for RBI Grade B- General 2024 Phase 1 examination has been announced on 01st October 2024, while the paper for Phase 1 took place on 08th September 2024.
The Phase 1 and Phase 2 exam cutoffs are usually released 3-4 weeks after the commencement of the respective papers.
As there is both sectional and overall cutoff in Phase 1 paper, the candidates are advised to score well above the cutoff to be selected for Phase 2 examination.
Whereas for Phase 2, there is only an overall cutoff provided for clearing the paper.
Therefore, the cut off list is provided to assess whether you are selected or not for the next stage.
You can go through the category-wise RBI Grade B Phase I Cut Off for 2024 provided below:
| Section | Category-Wise Cut Off | |||||
|---|---|---|---|---|---|---|
| General | EWS | OBC | SC | ST | PwBD (OH/HI/VH/MD) | |
| General Awareness | 20.00 | 20.00 | 16.00 | 14.25 | 14.25 | 14.25 |
| Reasoning | 15.00 | 15.00 | 12.00 | 10.75 | 10.75 | 10.75 |
| English Language | 7.50 | 7.50 | 6.00 | 5.25 | 5.25 | 5.25 |
| Quantitative Aptitude | 7.50 | 7.50 | 6.00 | 5.25 | 5.25 | 5.25 |
| Total Score | 67.25 | 67.25 | 65.00 | 58.00 | 54.00 | 53.25 |
That said, if you want to know about the RBI Grade B cutoff from 2021 – 2024 for Phase 1, Phase 2 , and the Interview, then you should check the RBI Grade B 2024 Cut off and the past year’s cut offs here.
RBI Grade B Result 2024
Latest Update: The exam result for RBI Grade B 2024 Phase 2 has been out on 14th November 2024 on the official website.
The link to download RBI Phase 2 result is attached here.
The RBI Grade B 2024 Phase 1 exam result has been released on 20th September 2024 on the official website. You can check the RBI Grade B Prelims Result 2024 PDF here.
The final result for RBI Grade B 2023 has been out on 13th December 2023. You can check the RBI Grade B Final Result 2023 PDF here.
The RBI Grade B 2023 Phase 2 Exam Result has been released on 28th August 2023. You can click on the link to the PDF for RBI Grade B 2023 Phase 2 result attached here.
The RBI Grade B 2023 Phase 1 Result came out on 18th July 2023. You can check the RBI Grade B 2023 Phase 1 Result Here.
To know more in detail, you can refer to the steps to check the RBI Grade B 2023 Result.
Conclusion
On this page, we have discussed all the important details related to the RBI Grade B 2024 exam, which include the RBI’s history, functions, exam overview, official notification, and job profile of RBI Grade B officer.
I hope this extensive information will help you get a holistic view of exam, which will help enhance your preparation.
All the best and Keep Learning!!
About Anuj Jindal
━━━━━
Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.
FAQs: RBI Grade B 2024 Complete Information
- What is the selection process for RBI Grade B 2024 recruitment?
If you want to be an RBI Grade B officer, knowing the process is the first step to become one. So, the Selection Process of RBI Grade B 2023 consists of three rounds, i.e., Prelims Examination, Mains Examination, and Personal Interview. If you are able to clear all three rounds, you will become entitled to receive the much-coveted letter offering you the post of an RBI Grade B officer.
- Will there be an interview after the written exams?
The interview round will be held after you clear the first and subsequently the second phase of the Exam. That said, only applicants who will clear the minimum sectional cut off and the overall cut off will be called for the interview round.
- What is the total number of vacancies that are released in the RBI Grade B notification 2024?
The RBI Grade B 2024 Notification has not been released yet, you can check the RBI Grade B 2023 Vacancies.
In 2023, a total of 291 vacancies were released and these vacancies were categorically as follows:
- General (DR) 222 Vacancies
- DEPR (DR)- 38 Vacancies
- DSIM (DR)- 31 Vacancies
- What are the eligibility criteria for RBI Grade B General, DEPR, and DSIM?
Answer: The Educational Qualification for General (DR) of the candidate should be as follows:
- General – minimum aggregate of 60% marks in Graduation or 55% marks in Post-Graduation
- SC/ST/PwBD- minimum aggregate of 50% marks in Graduation or pass marks in Post-Graduation
To know the Educational Qualification for DEPR and DSIM, read the full Eligibility Criteria here.
The Age Criteria to be eligible for the exam are:
- You must be above the age of 21 years but must not have touched the 30th year of your life.
- If you have an M.Phil. or a Ph.D. degree, the upper age limits are 32 and 34 years respectively.
- If you belong to the SC/ST category, there is a provision for relaxation of the upper age limit up to 5 years.
- I have scored 50% marks in Graduation. Am I eligible for RBI Grade B General, DEPR, and DSIM?
Answer: You need to have atleast 60% marks in Graduation (50% for SC/ST/PwBD applicants) or 55% marks in Post-Graduation (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.
- What are the functions performed by the RBI?As per the Indian constitution, the Reserve Bank of India works for overall economic growth in the country. Its functions as an organization are as follows:
- Overseeing monetary policy
- Issuing currency
- Managing foreign exchange
- Working as a bank for government and as a banker of scheduled commercial banks.
- What is given in the Preamble of RBI?The Preamble of the RBI describes the functions of the central bank as follows:
“To regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth.”
- Is RBI Grade B exam difficult to clear?The RBI Grade B exam is held to test the candidate’s knowledge of various topics related to economics, banking, and finance. The syllabus for the exam includes many subjects which require thorough understanding. However, with help of a strategized study plan, proper guidance and dedication, it is possible to clear the exam.