RBI Grade B 2018 Phase 2 Preparation Strategies


As promised, ixamBee is back with preparation strategies for Phase 2 of RBI Grade B exam. Now that the Phase I exam is done and dusted with, it is time to change your strategy and style of preparation for Phase II. The ones who have cleared Phase I are now your competitors and you need to perform at your best level to be ahead of them. Phase II does not require speed but requires precision and accuracy.

Let us look at Exam pattern of RBI Grade B Phase 2 exam:

Phase II: 

Watch RBI Grade B Phase 2 preparation in 100 hours and 5000 questions crash course , to know about RBI Grade B course offered by ixamBee.

Preparing for Finance and Management Section

The Finance section of Phase II exam covers broadly the financial system, financial markets and other general topics related to finance.

Financial System: One should read about Regulators of Banks and Financial systems like MoF, RBI, SEBI, IRDA and FMC. You should also read about monetary policy of India and other financial institutions like SIDBI, EXIM, NABARD, etc.

Go through the RBI website for information on the above topics and institutions. You should also, by now, have developed a habit of reading financial newspapers like Economic Times, Hindu Business Line, etc.

Financial Markets: Questions on primary and secondary markets like Forex, Money, Bond, Equity, etc may be asked. One should read about their functions, instruments, and recent developments, if any, related to the above issues.

Reference material like Sriram’s Economy notes, NCFM’s course materials, etc may help you.

General Topics : One should read about risk management in banking, basics of derivatives, futures, forwards, etc. Most of the topics covered under this section overlap with economics portion and hence one should read about this in detail. The numerical portion of the paper comprises questions on bond pricing, cash flow statement, profit/loss statements, etc. Do clarify your numerical concepts as questions on numeracy skills give you a good score if you are able to solve correctly.

Watch Capital Asset Pricing Model (CAPM) – Numerical, Alpha & Beta for RBI Grade B , to know more about CAPM in Finance Section

Financial Management by Prasanna Chandra is the most recommended book. Basics of Accounting from NCERT (XI & XII) books are enough for the exam.

Finance section of any competitive exam is based on more on logic than memorising and rote learning. Be sure to understand the basics of time value of money, compounding and discounting and most of the questions can be solved based on these topics.

Management Section: Candidates who had management as part of their college curriculum can brush up on the topics again while others can refer to books like Principals of Management by Koontz and Organizational Behaviour by SP Robbins. Do selective readings as these books cover a plethora of topics and can consume a lot of time to go through. Along with these books, IGNOU Management notes, and online material on leadership, human resource development, etc can be read.

Watch Important Questions for RBI Grade B exam by Chandraprakash Joshi -Video 21 .

Preparing for Economic and Social Issues Section

Indian Education

The exam syllabus mentioned is not an exhaustive list but covers the topics which might be asked during the selection process. One does not need to gain an in-depth knowledge of all the topics; rather you should have a basic understanding. You would have a lot of time later on during your career to gain a comprehensive knowledge of the topics which interest you, but now is not the time. It is recommended that you keep the syllabus in front of you when you are preparing for the exam and reading up on the material. This would help you utilize your time optimally and cover all the topics mentioned in a smart way. Remember in the long run, smart work pays off more than hard work.

The Economic & Social Issues preparation can be broadly divided into two parts:

  • Foundation section
  • Current Affairs section

The Foundation section focuses on testing the candidate’s knowledge of the concepts of Social and Economics, while the Current Affairs section focuses on the events and current issues related to National and International economics.

Foundation Section:

Candidates who had Economics in their graduation can refer to their textbooks to revise their basic fundamentals. For those of us who are new to Economics as a subject, can start their preparations by referring to NCERT textbooks of Classes 10, 11 and 12 and Day to Day Economics by Satish Deodhar. Read up on macroeconomics and understand concepts like National Income, Bank Rates, Budget, Fiscal/Revenue Deficits, Planning Commission, Taxation, Repo Rate, etc. For an advanced understanding of topics, books like Indian Economy (Uma Kapila) can be referred to. Read up the summaries of various reports like Economic Survey of India, Latest Census, Union Budget, Socio Economic and Caste census and latest census.

Current Affairs Section:

The most popular books and magazines for preparing for this section are Yojana and PratiyogitaDarpan. Also make it a habit to read newspapers like The Hindu and Economic Times. Try to understand and remember various facts, figures and data related to Indian Economy and the Indian Financial System.

Preparing for Descriptive English Paper: Descriptive English Paper:

The descriptive English section of RBI Phase 2 exam includes essay writing, letter writing and précis writing task. Each of these sections requires one to do regular practice. You should be thorough with the format and structure of the letter. Regular reading habit ensures that one can write with brevity and clarity in the essay writing section of the paper. You should be able to put forth your view points and arguments in a manner that the reader of the essay is able to understand the same. Scoring well in the English section of the paper is essential to ensure selection in the RBI Grade B exams. But do not worry or stress out, as ixambee provides many videos to ensure that its students can score well in the English section.

Let us discuss the preparation strategy of-


As one cannot learn swimming unless one actually starts practicing the same, essay writing will only get easier if you develop the habit of writing. A good way to prepare for essay writing is to select 2-3 topics in the morning and read up on them online or through books and newspapers. Contemplate on the topics through the day and in the evening, write down 300 – 400 words on 1 or 2 topics which you found difficult to read up on. This would ensure that you retain knowledge on the topics which would prove useful on the exam day.

Before beginning the essay, write down keywords and topics which you would be touching upon and prepare a rough sketch of the final essay.

Watch 20 Important Essay Topics for RBI Gr. B 2018 – Phase 2 – Descriptive English , to know about important essay topics.


The ideal way to prepare for précis writing is by developing a sound reading habit of the editorials appearing in daily newspapers. Pick up a good editorial column like The Hindu, Economic Times, etc and read up on the issue being written about. Notice the chain of events happening in the editorial and the main points and issues being talked about. For example, if the editorial is talking about a certain issue, then it would have events in the sequence of A – B – C – D. Make sure to maintain the same sequence of events when you are writing the gist of the article and also do not miss out on key figures, facts and keywords. Frame the sentences yourselves and do not try to copy from the main editorial.


The comprehension section of the English paper involves understanding the article given and finding answers which are mentioned within the same. When answering questions in this section, do not copy entire sentences from the article, but try to frame the same in your own sentences.

Watch Best tips to attempt Reading Comprehension , to know more about tips to attempt reading comprehension.

The RBI Phase II exam relies on concept clarity of the candidates rather than their mugging power. Hence, one should always try to understand the various topics related to the exam rather than mugging up various facts, figures and data. Speed and accuracy both are important in cracking the Phase II exam. Do not get stuck on a single question if it is taking too long. You can attempt the other questions and come back to the question again.

As one who has cleared Phase I exam, you are among the select participants to get a chance to be one step closer your dream career. The correct strategy and guidance at this stage can ensure that you cross the finish line in a strong manner.

“A dream doesn’t become reality through magic; it takes sweat, determination and hard work.”

Stay tuned to our Blog section for Interview Tips for RBI Grade B 2018 and many more.

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