Syllabus of RBI Grade B 2021 – (Phase 1 & Phase 2)

syllabus phase I and phase II

RBI Grade B is the eminent post one could achieve for a great life. It actually needs a lot of hard work and strong determination.

There are three different posts for RBI Grade B –

1. Grade B- DR General

2. Grade B- DR DEPR

3. Grade B- DR DSIM

Let’s look at the pattern of the exams to ace it successfully –

RBI exam takes place in three stages:-

1. Phase I Exam

2. Phase II Exam

3. Interview

Phase 1

So, there are four subjects in the phase 1 exam containing 200 marks and 0.25 negative marking for every wrong answer.

Phase -2

SubjectsNo. of questionsMaximum MarksDuration (minutes)
1.Paper I: Economics and Social IssuesObjective- 50%Descriptive-50% (4 have to be answered out of 6 questions)50
Total-120 minutes
2.Paper II: English (Writing Skills)Descriptive(3)10090 minutes
3.Paper III: Finance and ManagementObjective- 50%
Descriptive-50% (4 have to be answered out of 6 questions)
Total-120 minutes

Syllabus for phase 1


      Puzzles, seating arrangement, Data sufficiency, Direction & Distance, Blood relations, Syllogism, Coding-Decoding, Inequality, Alpha-numeric series, Input & output, Tabulation.

Quantitative Aptitude:-

Start daily practice of calculations and Learn Tables, square & square roots.

  • Simplifications/ Approximations, quadratic equations, Number series, Data Interpretation
  • Arithmetical Section – Surds& Indices, Compound Interest, Simple Interest, Time& Distance, Time& work, Time& Train Mixtures& Allegations, Number system, Ratio& proportions, Profit & Loss, Mensuration , Average, Percentage, Probability

English Language:-

First of all, make full command on Grammar section, Read newspaper and Learn Vocabulary and practice as much comprehension and writings as you can to develop the perfect speed and understanding of the concept.

  • Reading comprehension, Para-jumbles, Cloze test, Fillers, Common Error

General Awareness:-

Current affairs, Financial & economics news, Static G.K, Banking awareness, Banking terms & rates, Government schemes, Reports, Monetary policies

Syllabus for Phase 2

Paper 1(Economics & Social Issues)

  • Growth & Development- Measurement of Growth-National Income, Per capita Income, Poverty Alleviation and Employment generation in India, Sustainable development and environmental issues.
  • Indian Economy – Economic History of India; Changes in Industrial and Labour Policy, Monetary & Fiscal Policy since reforms of 1991; Priorities and recommendations of economic survey and Union Budget; Indian Money & Financial Markets- Linkages with the economy; Role of Indian banks and Reserve Bank in the development process; Public finance; Political Economy; Industrial developments in India-Indian agriculture; Services sector in India.
  • Globalization – Opening up of the Indian Economy; Balance of Payments & Export-Import Policy; International Economic Institutions; IMF and World Bank; WTO; Regional Economic Cooperation; International Economic Issues.

Social Structure in India –Multiculturalism; Demographic Trends; Urbanization 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 2(English Descriptive)

You will be asked to write an Essay and Precise, also solve a few questions based on a given passage.


Financial System

  • Regulators of Banks & Financial Institutions
  • Functions of RBI, conduct of monetary policy, Banking system of India, Financial Institutions 

Financial Markets

  • Primary & Secondary markets (Forex, Money, Bond, Equity), Functions, Instruments, Recent developments.

 General Topics

  • Risk Management in Banking sector
  • Basics of Derivatives: Forward, Futures and Swap
  • Changing landscape of Banking sector
  • Recent developments in Financial sector, Portfolio investment, Public sector reforms, Disinvestments
  • Financial Inclusion – Use of technology
  • Alternate source of Finance, private and social cost-benefit, Public-Private partnership
  • Corporate Governance in Banking sector, role of e-governance in addressing the issues of corruption & inefficiency in the government sector
  • The Union budget – Direct and indirect taxes; Non-tax sources of Revenue, GST, 13th Finance Commission and GST, Finance commission, Fiscal policy, Fiscal responsibility and budget management act
  • Inflation: Definition, trends, estimates, consequences, and remedies: WPI, CPI – components of trends.


(B)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.

Exam pattern for DEPR

Phase 1(Objective)Paper-I Economics2 hrs100
Phase 2(Descriptive)Paper-II Economics3 hrs100
Paper-III English90 Mins100

Syllabus of DEPR, for economics will be according to Master degree exam.

Exam pattern for DSIM

Phase 1(Objective)Paper-I Statistics2 hrs 100
Phase 2(Descriptive)Paper-II Statistics3 hrs100
Paper-III English90 Mins 100

Syllabus for DSIM:-

Paper 1- 


Definition of Probability

Standard distribution

Large and small sample theory

Analysis of Variance


Testing of Hypotheses

Multivariate analysis

Stochastic Processes

Paper 2-

Linear Models and Economic Statistics

Stochastic Processes

Multivariate analysis

Numerical Analysis and Basic Computer Techniques

Probability and Sampling

Statistical Inference

Paper 3 will tests the writing skills of the candidates.