Bhubaneswar: The Reserve Bank of India (RBI) will soon release the notification for the RBI Grade B Exam 2020 on its official website www.rbi.org.in.
The RBI tag makes it one of the most coveted exams in the banking sector. However, many shy away from appearing for the exam given the wrong notion that only those strong in finance and economics can crack it.
But that is not the case. Anyone can prepare for it as the reasoning, quantitative and English sections are similar to those of other banking exams.
The finance section is also approachable by all as it deals with the basics and a regular preparation schedule can help in mastering it.
So, here’s a detailed discussion on RBI Grade B that will help aspirants to sail through this exam.
Know Your Syllabus
The selection process for the RBI Grade B Exam is conducted in two phases besides a personal interview. For a beginner, it is imperative that he/she is thorough with the RBI Grade B syllabus of both Phase I and Phase II as it will help in planning the study schedule.
One should also be thorough with the marks distribution and syllabus of each section as it will help to prioritise topics that are problematic and need more time to be mastered.
Analysing previous years’ papers is one of the best tools to understand the trend of the exam pattern, difficulty level, topic-wise distribution of questions and marking scheme. Solving previous year papers can help in boosting confidence and getting a clearer picture of the exam.
General Awareness
Second, judicially follow the ongoing issues in Economy and Finance and develop the basic understanding in these subjects. This will be helpful for the General Awareness section and also for the interview.
It is important for all the aspirants to stay updated with the current affairs related to the banking, economy, budget, finance, and stock exchange.
In Phase I, the GK portion holds the key to success as both freshers and seasoned aspirants can attempt it equally. Beginners should read the economic articles and Investopedia to familiarise themselves with the terms and definitions.
News from RBI is also important as well as India’s ranking in various INDEXES. Follow the official websites of financial organisations such as SEBI, NABARD, IMF, etc on a daily basis.
English & Reasoning
For English language, the grammar section and vocabulary building becomes very important. This section is highly mark fetching in both the phases and has higher cutoff. For beginners at least try learning 10 new words daily. Coming to the reasoning portion the level is high and it is important to practice it thoroughly. Covering all the topics mentioned in the syllabus is important.
Quantitative Aptitude
Then we come to the toughest section in RBI which is Quantitative Aptitude. Calculation speed and accuracy becomes the key to scoring well in this section. It is important to devote around 3 hours daily for numerical ability. Solving previous years papers are also highly needed to increase the speed and accuracy.
Economic & Social Issues
For RBI Grade B Phase II Exam Economic & Social Issues is one of the subject-centric papers in RBI Grade B Exam. For the static part, an aspirant needs to cover concepts according to the syllabus. The dynamic part consists of current affairs, for which, daily current affairs update should be followed along with solving quizzes related to it. Reading the NCERT 11th and 12th class economics books is also beneficial along with Economic Survey and Budget.
The current affairs for preparation of RBI Grade B exam would also cover the finance and economy sectors.
Finance & Management
For the numerical section in Finance & Management, JAIIB books and the Investopedia website should be referred. For the management section the standard of questions is similar to to the UPSC paper and following the syllabus will help in scoring good marks.
The above analysis shows that an organised and disciplined strategy is very important for RBI Grade B preparation. Whether you’re a professional or a college student, it is important to identify the number of hours one can devote to the preparation. A schedule should be prepared covering both short-term and long-term goals. That being said, it is also important to make realistic goals that can be easily achieved. More time should be invested in problematic areas and the concepts and tricks should be revised regularly for better retention.