The RBI Grade B syllabus 2024 has been declared on the website of Reserve Bank of India through an official notification on 25th July, 2024. The syllabus will comprise of subjects which the aspirants must prepare in order to qualify the exam. The subjects will consist of an English section, Economics section and a finance section. The candidates will have to prepare according to the exam pattern which will differ for phase 1 and phase 2. The results of the “Online / WE” (Paper I, II, and III) and the combined interview will determine the final selection. There will be a 75-point interview. The candidate has the option of an English or Hindi interview. Examine the specifics of DR General Syllabus and DSIM syllabus with their marking scheme. Keep reading the article to know more about the RBI Grade B Syllabus 2024.
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RBI Grade B Syllabus 2024
The candidates preparing for the RBI Grade B exam will have to prepare for the exams in two phases. The exam will take place in two phases: phase 1 and Phase 2. Overall, the syllabus will comprise of subjects as Economics, English and Finance Management. For descriptive, DR General and DSIM syllabus separately, keep reading the article.
Quantitative Aptitude Syllabus
| Subject | Syllabus |
| Quantitative Aptitude | Ratio & Proportion |
| Mensuration | |
| Time and Distance | |
| Time and Work | |
| Simplification and Approximation | |
| Permutation and Combination | |
| Mixture and Alligation | |
| Data Interpretation | |
| Probability | |
| Percentage | |
| Average | |
| Speed | |
| Stocks and Shares | |
| Quadratic Equations | |
| Inequalities | |
| Number Series | |
| Upstream and Downstream | |
| Profit and Loss | |
| Simple and Compound Interest |
Reasoning Ability Syllabus
| Topics covered in Reasoning Ability Syllabus for RBI Grade B Exam | |
| Subject | Syllabus Topics |
| Reasoning Ability | Puzzles |
| Seating Arrangement | |
| Inequalities, Direction Test | |
| Blood Relation, Syllogism | |
| Input-Output | |
| Data Sufficiency | |
| Reasoning | |
| Analogy | |
| Coding-Decoding | |
| Ranking | |
| Alphanumeric series | |
English Syllabus
| Topics covered in English Syllabus for RBI Grade B Exam | |
| Subject | Syllabus Topics |
| English Language | Reading Comprehension |
| Cloze Test | |
| Para jumbles | |
| Fill in the blanks | |
| Multiple Meaning /Error Spotting | |
| Paragraph Completion | |
General Awareness Syllabus
| Topics Covered in General Awareness Syllabus for RBI Grade B Exam | |
| Subject | Syllabus Topics |
| General Awareness | Current Affairs |
| Indian Financial Systems | |
| Indian Banking Systems | |
| Monetary Plans | |
| National Institutions | |
| Banking Terms | |
RBI Grade B Phase 2 Syllabus for DR General
Each section’s overall score for RBI Grade B Phase 2 is anticipated to be 100. Candidates will have ninety minutes to respond to every question. The English portion of the test will assess candidates’ writing abilities and will mostly focus on description. Three papers are included in the RBI Grade B Phase 2 syllabus for DR General.
- Social & Economic Issues: Goal
- Goal of Finance and Management
- Writing Skills in English – Descriptive
The following lists the subject. The syllabus for DR General for RBI Grade B is as follows:
Economics and Social Issues Syllabus
| Economics & Social Issues Syllabus | |
| Subject | Topics |
| Economic & Social Issues (Objective) | 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 | |
| Privatization | |
| 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 Cooperation. | |
| Social Structure in India | |
| Multiculturalism | |
| Demographic Trends | |
| Urbanization and Migration | |
| Gender Issues | |
| Social Justice : Positive Discrimination in favor of the underprivileged | |
| Social Movements | |
| Indian Political System | |
| Human Development | |
| Social Sectors in India | |
| Health and Education | |
Finance & Management Syllabus
| Topics Covered in Finance & Management Syllabus for RBI Grade B Exam | |
| Subject | Topics |
| Finance | (a) Financial System Regulators of Banks and Financial Institutions Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc. |
| (b) Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments | |
| (c) General Topics Risk Management in Banking Sector Basics of Derivatives: Forward, Futures and Swap Changing Landscape of Banking sector Recent Developments in the 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 and inefficiency in the government sector. The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM)Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends. | |
| Management | (a) Fundamentals of Management and Organizational Behavior Introduction to management: Evolution of management thought, Scientific, Administrative, Human Relations and Systems approach to management, Management functions and Managerial roles, Nudge theoryMeaning & concept of organizational behaviour: Personality: meaning, factors affecting personality, Big five model of personality; concept of reinforcement; Perception: concept, perceptual errors.Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two factor theory) & Process theories (Adams equity theory, Vrooms expectancy theory).Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership; Leader Resource Development, Tasks of a Leader, Leadership StylesEmotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window Conflict: Concept, Sources,Types, Management of Conflict;Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organizational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model). |
| (b) Ethics at the Workplace & Corporate GovernanceEthics: Meaning of ethics, why ethical problems occur in business. Theories of ethics: Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate GovernanceCommunication: 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. | |
English Descriptive Syllabus
| Topics covered in English Syllabus for RBI Grade B Exam | |
| Aspect | Details |
| Syllabus | This section does not have any specific syllabus. |
| Purpose | To test writing skills, expression, and understanding of the English language of the aspirant. |
| Expected Topics | Essay writing, précis writing, comprehension passages, and business/office correspondence. |
| Common Essay Topics | Current affairs, economic issues, and social issues. |
| Additional Evaluation Areas | Grammar, vocabulary, and descriptive questions to assess overall language proficiency and analytical thinking. |
RBI Grade B Phase 1 Syllabus for DEPR: Paper I Economics (Objective)
The objective test will consist of multiple choice questions. The subject will cover topics from Microeconomics, Macroeconomics, environmental economics etc. This will be a computer based examination. Refer to the contents of the table below to get specific details.
| Topics covered in Paper 1 Economics Syllabus for RBI Grade B Exam | |
| Topic | Sub-topics |
| Microeconomics | Theories of consumer’s demand, Production, Market Structures and Pricing, Distribution; and Welfare Economics |
| Macro Economics | Theories of Employment, Output and Inflation, Monetary Economics, IS-LM Model, Schools of Economic Thought |
| International Economics | Theories of International Trade, Balance of Payments, Exchange Rate Models |
| Theories of Economic Growth and Development | Classical neo-classical approaches to economic growth and major theories of economic development |
| Public Finance | Theories of taxation and public expenditure, Public Debt Management |
| Environmental Economics | Green GDP, Environmental Valuation, Environmental policy instruments |
| Quantitative Methods in Economics | Mathematical and Statistical Methods for Economics, Ordinary Least Square Regression |
| Current developments in Indian Economy | Growth, Inflation, Poverty, Unemployment, Financial sector developments, External sector developments, Fiscal developments, Agriculture, Industry, infrastructure, and service |
RBI Grade B Phase 1 Syllabus for DEPR
The syllabus for phase 1 DEPR or descriptive test will consist of subjects such an English and Economics paper. The test will take place in descriptive format. Keep reading the article to know more.
Paper II English (Descriptive)
The English Paper II (Grade B) Phase 1 Syllabus will evaluate applicants’ writing abilities, grammar usage, and subject knowledge. Tasks like writing essays on socioeconomic and economic subjects, comprehension exercises, business correspondence, and precise writing are typical for applicants. In order to evaluate candidates’ language proficiency, questions about sentence structure, vocabulary usage, and grammatical rules are essential.
Economics Paper Syllabus
| RBI Grade B Phase 2 Syllabus for DEPR Paper-I Economics Paper (Descriptive) | |
| Topics | Subtopics |
| Microeconomic Module | Consumer Theory -Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve Analysis, Price Income and Substitution Effects, Game Theory |
| Production Theory – Forms of Production function, Laws of Returns to Scale, Partial Equilibrium Vs General Equilibrium Analysis | |
| Market Theory -Pricing under different market structures | |
| Distribution Theories -Ricardo, Marx, Kalecki and Kaldor | |
| Welfare Economics -Pareto Optimality, Schools of Welfare Thought including Arrow, Coase and Sen | |
| Macroeconomic Module | National Income Accounting -Various methods for measurement of National Income |
| Theory of employment and Output -Classical and Neo-classical approachesKeynesian theory of Employment and outputPost-Keynesian developments, Business Cycles | |
| InflationTypes of Inflation, Philip’s curve, Taylor’s Rule, Lucas Critique | |
| Money and BankingQuantity theory of Money, Neutrality of money, IS – LM Model and AD-AS Models, Money Multiplier, Monetary Policy – Scope, Objectives and instruments, Inflation targeting | |
| Theories of Economic Growth and DevelopmentTheories of growth, Classical and neoclassical approaches, Theories of Economic Development | |
| International trade and Balance of payments -Theories of international trade, Determination of exchange rates, Impossible Trinity | |
| Public FinanceTheories of taxation, Theories of public expenditure, Theories of public debt management | |
| RBI Grade B Phase 2 Syllabus for DEPR Paper-II Economics Paper (Descriptive) | |
| Module on Quantitative Methods in Economics | Mathematical Methods in Economics -Differentiation and Integration, Optimisation, Sets, Matrices, Linear algebra and Linear programming |
| Statistical Methods in Economics -Measures of central tendency and dispersions, Probability, Time series, Index numbers. | |
| Econometrics and advanced Applications-Regression analysis, Panel data econometricsTime Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/ Machine Learning | |
| Module on Indian Economy – Policy and Trends | Fiscal policy in India -Evolution, scope and limitations, current trends |
| Monetary Policy in India -Evolution, Functions of the Reserve Bank of India,Monetary -Fiscal coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends | |
| Banking and financial sector development in India -Banks and other constituents of Indian financial markets and related developments, Current trends | |
| Inflation in IndiaTrends and drivers | |
| External sector developments in IndiaExchange rate management, external debt Balance of payments, Current trends | |
| Sectoral and other developments in India -Agriculture, industry, services and social sector-related developments | |
DSIM Syllabus
Candidates applying for the DSIM department in the upcoming RBI Grade B recruitment will need to study a distinct Phase 2 syllabus. The Phase 2 syllabus for DSIM comprises three papers: Paper I, which is an objective type exam focused on Statistics; Paper II, a descriptive type exam also centered on Statistics; and Paper III, a descriptive type exam on English.
| RBI Grade B Syllabus for DSIM | |
| Paper I: Statistics | Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis, Stochastic Processes |
| Paper-II: Statistics | Probability and Sampling, Linear Models and Economic Statistics, Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test, Stochastic Processes, Multivariate analysis, Numerical Analysis and Basic Computer Techniques |
RBI Grade B Exam Pattern 2024
The candidates must note that the exam pattern will differ for the Phase 1 and Phase 2 examination. Therefore, they must keep a check on the marking scheme separately. Read the article carefully to know about the exam pattern from the table below.
RBI Grade B Phase 1 Exam Pattern for DR General
Four sections make up the Phase 1 of RBI Grade B: Reasoning for DR General, English Language, Quantitative Aptitude, and General Awareness. Please refer to the table below for the preliminary exam pattern.
| Name of Paper | Duration | Maximum Marks |
| Paper – I: Objective Type (on Economics) | 120 minutes | 100 |
| Paper – II: English – Descriptive (To be typed with help of keyboard) | 120 minutes | 100 |
RBI Grade B Mains Exam Pattern (Phase II)
Candidates must pass Phase I of the RBI Grade B exam to be eligible for Phase II. The Phase II examination includes three papers:
- Economic and Social Issues
- Finance and Management
- English (Writing Skills)
The exam will take place for a total of 120 minutes each for both Paper 1 & 2. The total marks for the exam are 200 marks.
| Name of Paper | Duration | Maximum Marks |
| Paper – I: Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper) | 120 minutes | 100 |
| Paper – II: Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper) | 120 minutes | 100 |
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