One of the most sought after exams, RBI Grade ‘B’ is a three staged exam, they are Phase I, Phase II & Interview.
In Phase II, there are total three subjects (Economics & Social issues, English Descriptive and Finance & Management) with composite marks of 300.
Now, Finance & Management plays a vital role in developing the financial and managerial concept of the student and hence acing the exam.
Syllabus of FM-
1. Finance
- Financial System:-
RBI and its functions, Banking System of India, Regulators of Banks and Financial Institutions, and conduct of monetary policy, Financial Institutions
- Financial Markets:-
Primary & secondary Markets
(Money, Forex, Equity etc.)- Functions, instruments, and developments.
- General Topics
Inflation: Definition, estimates, trends, consequences, and remedies (control) CPI – components and trends, WPI
Changing Landscape of Banking sector
The Union Budget – Indirect & Direct Taxes, Finance Commission, Non-tax Revenue sources, GST, 13th Finance Commission, Fiscal Responsibility and Budget Management Act, Fiscal Policy
Private and social cost-benefit, Public-Private Partnership, Alternate source of finance
Recent Developments in the Financial Sector, Disinvestments, Portfolio Investment, Public Sector Reforms
Basics of Derivatives: Forward, Futures, and Swaps
Risk Management in Banking Sector
Financial Inclusion – use of technology
Corporate Governance in Banking Sector ,the role of e-governance in addressing the issues of inefficiency in the government sector and corruption.
2. Management
- Nature and scope
- The Role of a Manager in an Organization.
- Communication-
Communication Channels
Steps in Communication Process
Communication types-Written Communication /Oral, Verbal / non-verbal, downward, upward, and lateral communication
Roles of Information Technology
Barriers to communication
- Career Planning –
Employees Welfare
Training and Development
Rewards
- Leadership-
Leadership Styles
The Tasks of a Leader
Leadership Theories
An Effective Leader / A successful Leader.
- Corporate Governance-
Mechanism
Other factors affecting corporate Governance
- Motivation
Morale and Incentive
How Managers Motivate
Theories of Motivation
Factors determining morale
Concept of Morale
Role of incentives in building up morale.
Reference Books:-
1. Indian Economy – Ramesh Singh, Mishra and Puri
2. Monetary theory and Public Policy -Kenneth Krihara
3. Public Finance – K K Andley and Sundaram
4. Financial Management – Prasanna Chandra
5. Economic Growth and Development – Mayer and Baldwin
6. Other important reference materials for the same:-
RBI Circulars, Reports & Government schemes
The Economic Times
Current Affairs
NCERT Business Studies (Class 12th)
IGNOU Management Notes