RBI Exam 2024 - Reserve Bank of India Exam : Application Form, Exam Date, Eligibility, Syllabus and Exam Pattern

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RBI Exam 2024 - Reserve Bank of India Exam acronym as RBI Exam is conducted by the Apex bank i.e., Reserve Bank of India Service Board, Mumbai for selection and appointment of RBI GR–‘A’/’B’ Officers. RBI Exam is one of the common Banking Exams in India.

 

RBI Exam 2024 Important Dates

Date of Notification and Start of Online Registration

  • 10th January 2024 - RBI Assistant
  • March/April 2024 - RBI Grade B

Last Date of Submission of Application Form

  • 6th February 2024 - RBI Assistant

Date of Entrance Exam

RBI Assistant

  • Preliminary Exam: - 29th April 2024
  • Main Exam: - 17th June 2024
  • Language Proficiency Test: - August/September 2024 

RBI Grade B

Selection Stages:

  • Phase I Online Exam:- (June/July 2024)
  • Phase II Online Exam:- (August/September 2024)
  • Interview: (October/November 2024)

Date of Declaration of Result

  • Yet to be announced.

RBI Exam 2023 was held on-

RBI Grade B Officer 2023

  • July 9 and 30, 2023 - Phase I
  • March/April 2024 - Phase 2

RBI Assistant 2023

  • Prelims: 21th, 23nd and 24th 2023
  • Mains: 2nd December 2023

 

RBI Exam 2024 Eligibility

Eligibility conditions for taking the Reserve Bank of India Recruitment exam are as follows:

Educational Qualification

  • A First Class Bachelor’s Degree with a minimum of 60% marks or an equivalent grade OR 
  • A Second Class Master’s Degree with a minimum of 55% marks or an equivalent grade OR
  • A Doctorate Degree with 50% marks in Master's Degree or equivalent grade OR
  • Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor's Degree OR
  • A Post Graduate Diploma in Management from IIM only.

However, SC/ST/PH candidates having a second class with a minimum of 50% marks or equivalent grade in Bachelor's Degree examination OR having a Post-graduate Degree or equivalent recognized qualification, are eligible to apply.


Age Limits

  • The aspiring candidate should be between the age group of 21 years and 30 years.
  • However for candidates possessing M.Phil. /Ph.D. qualification, the upper age limit will be 31years and 33 years respectively.
  • For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector, the upper age limit is relaxed to the extent of the number of years of such experience subject to a maximum of three years. For such candidates, the upper age limit should not exceed 33 years including experience. For experience, the probationary period will not be reckoned.
  • Other age limit relaxations are as per Government Rules and Regulations

 

Nationality

A candidate must be either a citizen of India or one holding eligibility certificates issued by the Government of India.

 

RBI Exam 2024 Pattern

RBI Grade A/B Officers Exam consists of the following two steps selection process.


Step 1

Phase I Written Test (Objective Type)

  • Candidates will be called for an objective and descriptive type of written Examination.
  • The question paper will be in bilingual form i.e., in Hindi and English except for the test of English language.

    The Objective type examination will consist of:

Test of Reasoning

Test of Quantitative Aptitude Test of General Awareness Test of Comp Literature/English

The maximum time allowed for Objective type examination will be 3 Hr.


Step 2

Phase-II (Descriptive Type)

  • The Phase-II Examination will be conducted only for those candidates who are successful in Phase I (Objective Type Test).
  • The date and time-table will be intimated to the candidates concerned.

The Examination will consist of three Descriptive Type papers-

Paper

Paper-I Paper-II Paper-III

Subjects

English Economic and Social Issues Finance and Management
Time

3 Hours

3 Hours 3 Hours
Marks

100

100 100

Note: Papers II and III of Phase II will be set bilingually in Hindi and English and can be answered either in Hindi or English at the candidate's option.

Important: A candidate has to qualify in each of the Descriptive Papers separately. Candidates will be short-listed for interview based on the aggregate marks obtained only in Phase II - Papers I, II and III. The minimum cut off marks for being short-listed will be decided by the Board in relation to the number of vacancies.


Step 3

Qualifying candidates will be called for Group Discussion and Interview and the shortlisted candidates from Step 2 will be considered for final selection to the post of probationary officer.

Note: Candidates may answer the Interview either in Hindi or English at their option. The final selection will be based on the performance of the candidate in Phase II of the Written exam and Interview.
Important: Candidates belonging to General Category, who had already appeared four times for Written Exam for the post in the past, are not eligible to apply. No such restriction to candidates belonging to SC/ST/OBC/PH.

 

RBI Exam 2024 Syllabus

Following is the syllabus for the RBI Exam:

Part A: Syllabus for the Objective type exam

Test of Reasoning

This test would include questions of both verbal and non-verbal type. The test may include questions on analogies, similarities, differences, space visualization, problem-solving, analysis, judgment, decision-making, visual memory, discrimination, observation, relationship concepts, arithmetical reasoning, verbal and figure classification, arithmetical number series, etc.

The test will also include questions designed to test the candidate's abilities to deal with abstract ideas and symbols and their relationships, arithmetical computation and other analytical functions.

Test of English Language

This is a test to see how well you know English. English language ability would be tested through questions on grammar, vocabulary, sentence completion, synonyms, antonyms, comprehension of a passage, etc.

Test of Numerical Ability

Questions will be designed to test the ability of arithmetical computation of whole numbers, decimals and fractions and the relationship between numbers. The questions would be based on arithmetical concepts and the relationship between numbers and not on complicated arithmetical computations.

Test of General Knowledge and General Awareness

The questions in Clerical Aptitude will be set to test the candidate's perceptual accuracy and aptitude. This is the ability to notice similarities and differences between the pairs of names and numbers. Questions in Clerical Aptitude will also assess in addition to perceptual accuracy and aptitude, ability to handle office routine work like filing, abbreviating, indexing, etc.

Part B: Syllabus for the subjective exam

Paper-I - English: Essay, Précis writing, Comprehension, Business/Office Correspondence.

Paper-II - Economic and Social Issues: 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 - Privatisation - 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 - Urbanisation and Migration - Gender Issues - Social Justice: Positive Discrimination in favour of the underprivileged - Social Movements - Indian Political System - Human Development - Social Sectors in India, Health and Education.

Paper-III - Finance and Management: Finance: The Union Budget - Direct and Indirect taxes; Non-tax sources of revenue; Outlays; New Measures; Financial Sector Reforms; Capital Market, Money Market, and Foreign Exchange Market; Stock Exchanges and their Regulation; Capital Market Intermediaries and their Regulation; Role of SEBI; Functions of the Money Market; Growth and Operation of the Money Market; The Foreign Exchange Market; From FERA to FEMA; Exchange Rate Management; Exchange Risk Management; Role of Banks and Financial Institutions in Economic Development; Regulation of Banks and Financial Institutions; Disinvestment in Public Sector Units.

Management: Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance appraisal - Potential appraisal and development -Feedback and Performance Counselling - Career Planning - Training and Development - Rewards - Employee Welfare. Motivation, Morale, and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
The above syllabus is only the broad guidelines and a candidate has to undergo the whole of the syllabus exhaustively. The questions in Papers II and III will be basic in nature.

How to apply for RBI Exam 2024?

Candidates can adopt any of the following give two procedures to apply for RBI Grade A/B exam. 

Candidates can apply for RBI Exam either on the prescribed Application form OFF-LINE or submit the application ON-LINE followed up by sending a printout of the ONLINE application to the RBI Board’s office.

For OFF-LINE application

  • Candidates can download the Format for Application from the link http://onlinedr.rbi.org.in. and send it with an applicable amount of DD to “The General Manager, Reserve Bank of India Services Board, Post Bag No. 14501, Mumbai Central Post Office, Mumbai-400008″.
  • The cover of the application should be superscribed as “APPLICATION FOR THE POST __________”.

For ON-LINE application

  • For the ONLINE application, candidates have to visit the online Links http://onlinedr.rbi.org.in/psc/recruitment/EMPLOYEE/HRMS/c/RBI_RCT_APL_MNU.RBI_RCT_APL_CMP.GBL OR http://onlinedr.rbi.org.in
  • Here the candidates can Apply ON-LINE with DD or IPO for Rs.100/- (except SC/ST/PWD candidates who are exempted from payment of fees).
  • After applying ONLINE candidates MUST take a PRINTOUT of their ON-LINE application after submission of the data through the system. A signed photograph must be pasted (not to be stapled) at the specified place on the printout and the candidate must sign on the printout of the application and attach DD or IPO of Rs.100/- (if required to pay the fee).
  • Candidates are supposed to send the system generated a print out of the ON-LINE Application to the Reserve Bank of India Services Board’s Office (RBISB) by ordinary post.

Imp: In case the print out (hard copy) is not received by the Board by the prescribed CLOSING DATE mentioned in this advertisement, the ON-LINE application will be rejected. Applications should not be submitted more than once. Duplicate applications will be rejected.

Note: Candidates should apply either by ON-LINE mode or OFF-LINE mode. They should not submit the application by both the modes. Duplicate applications will be rejected.

RBI Exam 2024 Dates

RBI Officers Grade Exam is normally held in the month of November/December.

 

RBI Exam 2024 Centres

The main Examination Centers for this test are:

  • Ahmedabad, Agartala, Aizawl
  • Bangalore, Bhopal, Bhubaneswar
  • Chandigarh (16) Chennai
  • Guwahati
  • Hyderabad
  • Imphal, Itanagar
  • Jaipur, Jammu
  • Kolkata, Kanpur, Kochi, Kohima
  • Lucknow
  • Mumbai
  • Nagpur
  • New Delhi
  • Panaji, Patna, Pune, Port Blair
  • Shillong
  • Thiruvananthapuram