rbi-exam-classes-iikd
RBI Grade B
Vacancy – 322
Salary Range: 83,254/-
Graduate of any discipline
Fresh graduate(2020) can apply
Age Limit- 21 to 30 Years
Online Video Course

Life with RBI is not just another career. It’s a commitment. Commitment to serve the Nation, where your decisions make an impact on the way the economy and the financial sector in the country evolves.

Come to RBI if you are looking for an ecosystem that encourages continuous learning, an equal opportunity work environment, a supportive HR climate and, of course, an attractive compensation structure.

Important Dates:

Events

Important Dates

Website Link Open For Online Registration of Applications and Payment of Fees/Intimation Charges

January 28, 2021 to February 15, 2021

1. Officers in Gr B (DR)- General

Phase-I – Online Examination

March 6, 2021

Phase-II – Paper I, II & III Online Examination

April 1, 2021

2. Officers in Gr B (DR) – DEPR*

Phase I – Paper – I – Online Examination

March 6, 2021

Phase II – Paper – II & III Online/Written Examination

March 31, 2021
(To be confirmed in Admit cards)

3. Officers in Gr B (DR)- DSIM@

Phase I – Paper – I – Online Examination

March 6, 2021

Phase II – Paper – II & III Online/Written Examination

March 31, 2021
(To be confirmed in Admit cards)

*DEPR – Department of Economic & Policy Research

@DSIM – Department of Statistic & Information Management

APPLICATION FEE AND INTIMATION CHARGES:

Sr. No.

Category

Charges

Amount*

1.

SC/ST/PwBD

Intimation Charges only

₹ 100/-

2.

GEN/OBC/EWSs

Application fee including intimation charges

₹ 850/-

3.

STAFF@

Nil

Nil

Education Qualification

Minimum Educational Qualifications: The following minimum educational qualifications are prescribed for the posts:

Posts

Minimum Educational Qualifications (as on 1st of January 2021):

1. Officers in Grade ‘B’ (DR) – (General)

• Graduation in any discipline /Equivalent technical or professional qualification with minimum 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation / Equivalent technical qualification with minimum 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters / years.

Note:

• Any such full-time course from a recognised University / Institute that is taken after Class XIIth and is at least of 3 years’ duration/ candidates possessing professional and technical qualifications which are recognised by the Government as equivalent to professional and technical graduation will be eligible for admission to the examination.

• Candidates who have passed the Final Examination for Membership of the Institute of Chartered Accountants of India may also apply for the post.

OR

• Any such full-time course from a recognised University / Institute that is taken after graduation and is at least of 2 years’ duration / recognised by the Government as equivalent to post graduation will be eligible for admission to the examination.

 

2. Officers in Grade ‘B’ (DR) – DEPR

Essential:

a. A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute; OR

b. PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute; OR

c. Master’s Degree in Economics in any of the sub-categories of economics i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute.

Note: SC, ST and PwBD candidates having second class with a minimum of 50% marks or equivalent grade in aggregate of all semesters / years in Master’s Degree examination or equivalent recognized qualifications are eligible to apply.

Desirable: A Doctorate Degree in Economics or research or teaching experience in Economics or publications in standard journals would be considered as an additional qualification.

Candidates having M.Phil. Degree and Doctorate Degree from a recognized Indian/Foreign University/Institute in the specified subjects will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.

d. (i) Candidates having Master’s Degree with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

(ii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

3. Officers in Grade ‘B’ (DR) – DSIM

Essential:

a. A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in aggregate of all semesters / years; OR

b. Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in aggregate of all semesters / years and one year post graduate diploma in Statistics or related subjects from an Institute of repute; OR

c. M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters / years; OR

d. Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.

Note: For SC, ST and PwBD candidates, the minimum marks required in Master’s Degree as in items (a), (b), (c) and (d) above is 50% or an equivalent grade in aggregate of all semesters/ years.

Desirable: (i) Candidates with a Doctorate in topics related to above subjects will be given preference. (ii) Research or teaching experience and publication in standard journals will be considered as an additional qualification.

Note: (i) Candidates possessing M.Phil. and Ph.D qualification in the specified subjects will be eligible for relaxation in upper age limit by 2 years and 4 years respectively.

(ii) Candidates with research / teaching experience at a recognized Indian / Foreign University/Institute will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

(iii) The above age relaxations will not be cumulatively available with age relaxations available to various categories as mentioned in Para 3 II (b) above.

Note I: The candidate must hold a degree of any of the Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University under Section-3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a Foreign University recognized by the Association of Indian Universities.

Note II: Some Universities/Institutes/Boards do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute/Board defines criteria for conversion of Aggregate Grade Point into percentage of marks, the same will be accepted. However, where the University/Institute/ Board does not define criteria for conversion of Aggregate Grade Point into percentage of marks, in the degree/passing certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10-point scale

Aggregate Percentage of Marks

6.75

60%

6.25

55%

5.75

50%

Examination Structure

Structure of Phase I exam

Sections

Number of questions

Marks

General Awareness

80

80

Reasoning

60

60

English Language

30

30

Quantitative Aptitude

30

30

Total

200

200

Phase II exam: The Phase-II online examination is conducted only for the candidates who are shortlisted on the basis of the results of Phase-I examination. The online exam of Phase II comprises three papers. Paper I and III are objective papers while Paper II is descriptive. The examination is conducted in two shifts. Paper I and II are conducted in the morning shift while Paper III is held in the afternoon shift. Each section is conducted for 90 minutes. All papers of Phase II except the English Language are set in English and Hindi. Candidates need to type the answers in Phase II with the help of the keyboard. Total marks of the test are 300, each section is for 100 marks. There will be 65 questions in Paper I and III while three questions in Paper-II. In Paper II, candidates need to write the essay within 400 words and precis within 120 words. 

Candidates have the option to choose questions in Hindi or in English. The option of language is to be chosen at the beginning of the test. However, as required, candidates are able to switch/toggle between the two languages, after choosing the option for the language. Answers to the objective type papers of Phase II (Paper-I and Paper-III) are to be marked by mouse clicking the correct option and then Save and Next.

In objective type papers (Paper I and III) all the questions will have multiple choices. The questions will carry varying marks, which will be indicated in the question papers. In a descriptive type paper (Paper-II), candidates will have to type answers with the help of a keyboard on the computer.

Structure of Phase II exam

Papers

Sections

Number of questions

Marks 

Paper I

Economic and

Social Issues

65

100

Paper II

English (Writing Skills)

3

100

Paper-III

Finance and Management

65

100

RBI Grade B Exam Pattern 2021 for Interview

Candidates will be shortlisted for the interview based on the aggregate of marks obtained in Phase-II (Paper-I + Paper-II + Paper-III). The minimum aggregate RBI Grade B cut off marks for being shortlisted for the Interview will be decided by the Board in relation to the number of vacancies. The interview will be of 50 marks. Candidates may opt for an interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview. 

 

Marking Scheme for General Post

  • For every wrong answer marked by candidates, 1/4th of the marks assigned to that question are deducted as a penalty both in Phase I and II
  • In Paper 1 & 3 of Phase II, there will be questions carrying two marks each and questions carrying one mark each

RBI Grade B Exam Pattern 2021 for DEPR

The exam paper of DEPR comprises three papers, I, II & III. Paper I comprises objective type questions while Paper II and III consists of Descriptive Type questions. Paper I is the first phase of the selection process. The paper comprises questions on Economics. The maximum marks allotted to the paper are 100 and the duration of the exam is 120 minutes. Candidates who secure minimum aggregate marks in Paper I will be shortlisted for Paper II and III. Paper-II and III will be conducted in shifts. Paper-II will be held offline while Paper III will be conducted online. Paper-II comprises questions from Economics while Paper III will have questions from English. The questions will be set in Hindi and English (except Paper III on English). Answers for Paper-II may be written either in Hindi or English. Paper-III will have to be answered in English only. On the basis of the performance in Paper II and III, candidates will be called for an interview. The final selection of candidates will be done on the basis of Paper I, II, III & Interview. The structure of RBI Grade B exam pattern is given below.

Marking scheme

Name of paperDuration (In minutes)Maximum marks 
Paper-I Objective Type (on Economics)120100
Paper-II Descriptive Type (on Economics) (Question paper displayed on the computer, answers to be written on paper)180100
Paper-III English-Descriptive (To be typed with help of keyboard)90100
Total  300

 

  • There will be three sections with a total of 62 questions in Paper 1
  • Section I and II carries one, two, and three mark questions and Section III carries one, two and four mark questions
  • For wrong answers, there will be negative marking. 1/3 marks for one mark questions, 1/2 marks for two marks questions, 1 mark for three marks questions, and two marks for four marks questions for all sections

RBI Grade B Exam Pattern 2021 for DSIM

The exam paper of DEPR comprises three papers. Paper I comprises objective type questions while Paper II & III will have Descriptive Type questions. Paper I paper comprises questions on Statistics. The test carries 100 marks and the duration of the exam is 120 minutes. Candidates who secure minimum aggregate marks in Paper I will be shortlisted for Paper II and III. Paper-II will be held offline while Paper III will be conducted online. Paper-II comprises questions from Statistics while Paper III will have questions from English (Writing Skills). The questions will be set in Hindi and English (except Paper III on English). On the basis of the performance in Paper II and III, candidates will be called for an interview. The final selection of candidates will be done on the basis of Paper I, II, III & Interview. The structure of the RBI Grade B exam pattern is given below.

Name of paperDuration  (in minutes)Maximum marks 
Paper-I Objective Type (on Statistics)120100
Paper-II Descriptive Type (on Statistics) (Question paper displayed on the computer, answers to be written on paper)180100
Paper-III English-Descriptive (To be typed with help of keyboard)90100
Total  300

Marking scheme

There will be a penalty for wrong answers marked by candidates. For every wrong answer,  5/3 of the marks assigned to that question will be deducted as penalty.

Manner of conduct of examinations for DEPR/DSIM

  • Paper I exam will be conducted in two days
  • Paper-II and III will be held separately on the separate dates for candidates qualifying the Paper I exam
  • Paper I is an objective type paper and comprises will be conducted online and comprise multiple-choice questions
  • Paper-II will be a descriptive type pen/paper-based examination where the questions will be displayed on the computer screen and will be
    conducted in one session
  • Paper III (English) will be of the descriptive type where the candidates will be expected to type answers on a computer

( The “Apply link” will only get open in Desktop or PC and not in Mobile)

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