RBI Grade B Phase 2 2023-Economic and Social Issues [ESI] Preparation
Economic & Social Issues (ESI): How to Ace the RBI Grade B Phase II Exam
ESI is a crucial part of the RBI Grade B Phase II Exam. It checks how well you know the Economic & Social concepts and the current issues affecting them. The new pattern of Phase 2 has two parts: Objective (30 minutes) and Descriptive (90 Minutes) with a total of 100 marks.
This article will supply you with the complete ESI syllabus, success tips, and goal-oriented resources to master the ESI section. Plus, a Free Mock Test to showcase how Mock Tests can boost your preparation in no time.
RBI Grade B Phase 2 2023-Economic and Social Issues [ESI] Preparation
The ESI paper is part of the Phase 2 exam, which also includes papers on English and Finance and Management. The ESI paper consists of both objective and descriptive questions, with a total of 50 marks and 90 minutes duration. The objective questions are based on multiple-choice questions (MCQs) and some questions may carry 2 marks each and some may carry 1 mark each. The descriptive questions require the candidates to write short answers or essays on topics related to economic and social issues in India and the world.
The ESI syllabus covers various topics such as:
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 underprivileged
Be ready to answer some descriptive questions from the topics given below:
Employment Generation
Poverty Alleviation
Indian Agriculture
Export & Import Policy
Human Development
Health & Education
Monetary & Fiscal Policy
Changes in Industrial Policy & Labour Policy
Priorities & recommendations of Economic Survey& Union Budget.
Social Sectors in India
Objective Paper: Important Topics
Here are the topics to master:
Master the basics (fundamentals).
Cover these basic chapters of ESI & FM like
Measurement of Growth – Various Indicators like GDP, GNP, NNP, National Income, etc.
What is Monetary and Fiscal Policy?
Balance of Payments
Industrial & Labour Policy
Sustainable Development
Various tools are used by RBI (as part of Monetary policy) and the Government as part of Fiscal Policy.
Indian Political System (important articles)
RBI Grade B 2023-ESI Preparation Tips
If you want to ace the RBI Grade B 2023-10 ESI paper, which has both objective and descriptive sections, you need to follow these 10 tips:
Master the basics.
Stay updated on current affairs.
Learn the latest trends in the syllabus topics.
Tackle descriptive questions of any type: static, dynamic, or opinion-based.
Get familiar with the RBI Grade B syllabus and exam pattern for the Phase 2 ESI paper and plan your study accordingly.
Stay updated on current economic and social issues by reading the Economic Survey of India, the Union Budget, and the Hindu newspaper on a regular basis.
Brush up your knowledge of macroeconomics, banking, finance, and social development from NCERT books or notes.
Enhance your writing skills by practicing essays, precis, and answers on ESI topics within the given time and word limit.
Test your preparation level by taking mock tests and identifying your strengths and weaknesses.
Use trustworthy sources like PracticeMock for accessing study materials.
Memorize facts, figures, numbers, and percentages related to ESI topics and recall them easily.
Follow the Press Information Bureau website for getting official updates on government policies and schemes.
Learn the fundamentals of international economics like balance of payments, foreign trade policy, international economic institutions, etc.
Be aware of the regional economic cooperation and social issues in India and abroad.
If you want to ace the RBI Grade B Phase II Examination, you need to master the Economic & Social Issues (ESI) section. This section will challenge your understanding of the Economic & Social concepts and issues that affect our nation. ESI has two parts: Objective (30 minutes) and Descriptive (90 Minutes) with a total score of 100 marks. Don’t worry, you can crack this section with the right resources and mock tests. The resources will help you build a strong foundation of the subject and the mock tests will help you sharpen your skills and test your knowledge. Mock tests are like mirrors that reflect your strengths and weaknesses. The more you practice, the more you learn.
Asad Yar Khan
Asad specializes in penning and overseeing blogs on study strategies, exam techniques, and key strategies for SSC, banking, regulatory body, engineering, and other competitive exams. During his 3+ years' stint at PracticeMock, he has helped thousands of aspirants gain the confidence to achieve top results. In his free time, he either transforms into a sleep lover, devours books, or becomes an outdoor enthusiast.