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RBI Grade B Phase I got over this weekend and you must be desperately waiting for its results which will be out in the next 3-5 days. RBI Grade B Phase II exam is on Dec 01, 2019 and this leaves you with only 20 days for your preparation. Now keeping the syllabus of Phase II in mind, it’s obvious that the duration of 20 days is comparatively less for preparation. So, we strongly suggest you to start your preparation right away without wasting any further time especially when Phase II exam pattern is completely different from that of Phase I. To help you get started with it, we have come up with this article. Let’s have a look at the exam pattern.

Name of PaperType of PaperTime (Minutes)Marks
Paper-I: Economic and Social IssuesObjective Type90100
Paper II: English (Writing Skills)Descriptive, to be typed with the help of the keyboard90100
Paper-III: Finance and ManagementObjective type90100

Note: All question papers (except the test of English) will be set bilingually in Hindi and English.

RBI Grade B Phase II

How is Phase II different from Phase I

Unlike Phase I (which is a rejection exam), the success ratio of Phase II has been quite high in the past and you get sufficient time to have a look & answer each question. Phase I was an exam of speed but this is more of an exam to test your conceptual understanding and general awareness. We would recommend you to take a number of Mock Tests to get familiar with the exam pattern and with the difficulty level of the exam, since you wouldn’t like to take a chance with your preparation. Now, let’s have a look at the preparation strategy you should adopt for the different sections.

Paper I- Economic & Social Issues

Questions in this section will be divided into two parts: static & dynamic. Static questions will test macro-economic concepts like  national income, repo rate, bank rate, fiscal deficit, budget inflation etc. Be thorough with their definitions, concepts and terminologies. If you have studied economics/finance previously, this section won’t be much difficult for you to master. Use a good economics book to revise the concepts thoroughly. Refer to NCERT books to clear your basics if you didn’t have a background of finance/economics. Later, you can go through ‘Indian Economy’ by Ramesh Singh to understand important topics. Don’t miss out on understanding and revising the FAQs section of the RBI website which covers a lot of important terms.

RBI Grade B Phase II Mock Test1

To prepare for the social issues, once again refer to Indian Economy by Ramesh Singh. Alternatively, you can go through either of Indian Economy by Mishra & Puri. (Latest Edition) or Growth and Development by Devraj Ray. Keep following a  major financial newspaper as well. Please also note that in this section, a majority of questions are from past and present government schemes. To cover these schemes, aspirants can go through:

  • PIB (Press Information Bureau) releases diligently
  • Vikaspedia
  • Detailed compilation Pdf of government schemes

Also, go through the below documents as well:

  • Economic Survey
  • Union Budget
  • Word Development Report by World Bank
  • Annual Report by RBI
  • RBI Bulletins

Try focussing only on the summary of surveys as of now. Wherever you come across facts and numbers try to memorize minute details about them as well.

Paper-II English (Writing Skills)

This paper being descriptive in nature, you should start its preparation as well. In this section generally questions on essay, précis writing and comprehension are asked. Have a look at the format and types of questions asked last year and practice them thrice in a week. Also, keep reading newspapers’ editorials to keep yourself updated on different issues/topics on which questions can be asked. Also, keep practicing typing on a computer if you are not used to it as you need to type your answers. The essay’s length will be around 200 words. Ensure that you structure your essay properly without missing any of the important points and  without crossing the given word-limit.

When preparing for précis writing, ensure that you don’t deviate from the tone of the given passage and at the same time, use your own words. In the past, we have seen passages from economics and finance, so try reading editorials from a reputed financial newspapers and see if you can summarize them in one-third of the actual size. Also, stick to all the guidelines mentioned in the question.  The questions on comprehension will check your skills on answering questions from a given passage. These questions will be similar to RC questions asked in other banking exams, the difference being that you don’t have the answers as options and you need to type the answers.

Paper III- Finance & Management

Questions on management can be scoring if you are able to memorize its concepts since the questions will be static in nature. Refer to IGNOU Management Notes, Principles of Management by Koontz and Organizational Behaviour by SP Robbins. Additionally, you can use scribd for MCQs on Management. Take the Mock Tests to compile and revise MCQs on Management.

Finance is one section which is highly technical in nature. You can be asked questions on  Indian Financial System and Indian Financial Markets. Be well-versed with the functioning of different bodies (RBI, EXIM, Ministry of Finance, NABARD, Regional Rural Banks, SEBI & SIDBI) which play important roles in the financial system of India. Read their About Us & FAQs as well. To cover Financial Market, read on the below topics:

  • Types of Financial Market and their details (Money Market and Capital Market)
  • Credit Market
  • Details of various asset classes (commodities, currencies, bonds, equities, derivatives, cryptocurrencies
  • New schemes and recent developments in various savings instruments
  • Corporate Valuation characteristics such as NOPAT, Free Cash Flow, ROIC, Enterprise Value Added, Market Value Added

Numericals are another way to score good marks provided you know the concepts and have practiced beforehand. Refer to the book Financial Management by Prasanna Chandra and Basics of Accounting from NCERT (class XI & XII) to ace these numerical questions. Questions may be asked on the below topics:

  • Financial Ratio Analysis
  • Accounting Basics
  • Profit & Loss
  • Cash Flow Statement Analysis
  • Bonds
  • Financial Statement Analysis

That’s all from us in this article. To conclude, you need to put all your efforts in these remaining 20 days and have to ensure that not even 1 hour goes unutilized. There is a lot to study, understand, memorize and revise. Take Mock Tests of RBI Grade B Phase II in between to track if your preparation is going in the right direction. Also, use the feedback from the Mock Test’s analysis to improve your performance.

If you have any feedback for us, please write it in the comment box below.

Wishing you good luck for your preparation!

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