It is that time when the Government jobs have once again won the battle against the glitzy private sector jobs. Youth is aspiring for public sector jobs for a number of reasons such as job security and healthy pay. Among the most respected public sector employers in the country, is the Reserve Bank of India.
Reserve Bank of India is the central Bank of the country which administers the Banking sector and upholds the nation’s monetary policies. Every year R.B.I recruits graduates and post graduates as Grade ‘B’ Officers through an entrance exam during the month of June.
Grade ‘B’ officer’s job
A newly recruited grade ‘B’ Officer will be posted in either of the departments.
- Department of statistics and information management (dsim)
The task would be to perform collection, compilation and interpretation of data via mathematical models from various fields such as banking, investment and national accounts etc.
- Department of economic and policy research (depr)
The major roles to be played in these departments would be to participate in research activities and formulate the monetary policies.
Salary
The gross take home per month varies from Rs.60-65,000 during the initial stage and may increase up to Rs.1,00,000 at mid-level and Rs.1,40,000 in the next level.
Eligibility
The age limit varies from 21-33 years. It offers 30 years upper limit for M.Phil candidates and 33 for Ph.D candidates.
Educational Qualifications
- A First Class Bachelor's Degree with a minimum of 60% marks or an equivalent grade, in aggregate of all semesters.
- A Second Class Master's Degree with minimum of 55% marks or an equivalent grade, in aggregate of all semesters.
- A Doctorate Degree; with minimum of 50% marks or an equivalent grade, in aggregate of all semesters in Master's Degree
- Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor's Degree
- A Post Graduate Diploma in Management / MBA qualification from institutions recognized by the Government of India / University Grants Commission, with Graduation / Bachelor's Degree.
How to apply?
The only mode of application for this exam is online and it is through RBI’s official website www.rbi.org.in. The candidates can apply from June to July (Exact dates will be available on the site).
Structure of the exam
R.B.I’s B Grade exam is conducted in three phases.
· Phase I - Online Examination (Objective Type)
· Phase II – Written Examination (Descriptive type)
· Phase III - Personal Interview
Phase I
Exam Time: 3 hours
Total marks: 200
Each section comes with a specific cut-off. Also, the candidate has to bear a negative marking of 1/4th of the marks in case of an incorrect answer.
|
Section |
No of Questions |
Total Marks |
|
General Awareness |
80 |
80 |
|
Quantitative Aptitude |
30 |
30 |
|
English |
30 |
30 |
|
Reasoning |
60 |
60 |
Phase II
Exam Time: 3 hours
Total Marks: 300
If you qualify the Phase I of the exam, you would be eligible for the next Phase with descriptive sections on English, Finance & Management and Economic and Social Issues each carries 100 marks.
Phase III
The candidates who clear the Phase II will be called for a Personal Interview phase. The questions asked in the interview mainly focus on R.B.I and its functions along with some questions on the banking industry. Questions can also be from the stock market or any monetary institutions.
Have you given this exam? Let us know your experience in the comments below!