Strategy to Approach ESI & FM Descriptive Papers for RBI Grade B Phase 2

As we all know that RBI Grade B phase 1 exam is now over and phase 2 is scheduled for April 1, 2021 it leaves only 16 days in hand for the exam preparation. RBI Grade B is quite an important exam thus, those who are preparing for RBI Grade B phase 2 must focus on the exam preparation by practicing as many mock tests as possible and by knowing the strategy to approach the ESI & FM descriptive paper. There is an additional descriptive papers in Phase 2 of the RBI Grade B 2021 examination and one must prepare well for it. The fundamentals of the same are to be understood well. In this article we are discussing the strategy to approach the ESI & FM Descriptive papers. Below mentioned is the RBI Grade B Phase 2 exam pattern for the aspirants to look at.

RBI Grade B Phase 2 Mock tests

RBI Grade B Phase 2 Exam Pattern

Section	No. of Questions	Marks	Duration
Paper I: Economic and Social Issues– 50% Objective & 50% Descriptive	30 Objective Questions & 6 Descriptive Questions of which 4 have to be answered	100	120 minutes
Paper II: English (Writing Skills)	3	100	90 minutes
Paper III: Finance and Management– 50% Objective & 50% Descriptive	30 Objective Questions & 6 Descriptive Questions of which 4 have to be answered	100	120 minutes

Here we are talking about strategy to approach Economic and Social Issues and Finance and Management descriptive test.

RBI Grade B Phase 2 ESI & FM Study Notes

Descriptive Questions Categories of Topics

The descriptive questions for both the ESI and FM can be categorized into three categories:

• Static & Current Affairs based questions
• Static questions that are conceptual based
• Current Affairs based questions
• Opinions based questions that are mostly on the Social Issues

RBI Grade B Phase 2 ESI & FM Study Notes

Economic & Social Issues (ESI) Descriptive Paper Approach

• All important topics/concepts are to be understood well and should be practiced from time to time.
• Keep a track of all important events, schemes, policies and reports and other current affairs on a daily basis.
• Cover current affairs of at least past 6 months
• Ensure that you prepare proper notes on current affairs including important points in the Union Budget and Economic Survey.
• Opinion based questions will be mostly asked from the social issues section and these questions are to be justified. Spend some time to prepare for such questions.
• Practice few such questions before facing the actual examination.

RBI Grade B Phase 2 Mock tests

Finance & Management (F&M) Descriptive Paper Approach

• Start with the management section. The descriptive questions from this would be static in nature and for this you will have to be thorough with the concepts.
• Read each chapter carefully and make a note of the keywords for each chapter.
• Current affairs related topics are to be prepared well for the Finance section. The current affairs that are in the news lately and other static topics are to be prepared well.
• Build your answers around these keywords that you have list down.
• Practice similar questions before facing the actual examination.
• Learn from our RBI Grade B notes.

Sample ESI and FM Descriptive Questions

ESI Descriptive Questions

• What is Migration? What are the causes and effects of migration?
• What is the Gig Economy? How did the Covid-19 pandemic give a thrust to Gig Economy?
• Impact of Covid-19 on learning and education?
• What are the efforts needed by the Government to tackle the issue of dropouts in education?

RBI Grade B Phase 2 Mock tests

FM Descriptive Questions

• Define potential GDP and explain its determinants.
• Explain the role and functions of a Bad Bank?
• What are the challenges for the banking sector in 2021?
• What is meant by narrow banking?
• What is meant by shadow banking?
• What do you mean by deficit financing?

RBI Grade B Phase 2 ESI & FM Study Notes

These are some of the sample questions that can be asked in the FM and ESI Descriptive section of RBI Grade B phase 2 examination. This is all from us related to the strategy to approach the ESI and FM descriptive paper for RBI Grade B Phase 2. Keep practicing mock tests to ace the RBI Grade B Phase 2 examination.