The RBI Grade B 2024 notification is eagerly awaited. Instead of waiting and worrying about the official announcement, what we can do is to begin our RBI Grade B preparation subject-by-subject.
The RBI Grade B Finance and Management paper is a vital part of the Phase 2 examination and requires meticulous preparation. Understanding the syllabus and adopting effective study strategies will help candidates excel in this paper. With dedicated effort and the right approach, aspirants can confidently face the RBI Grade B Phase 2 examination and move closer to their dream career in the banking sector.
In case you are not aware of the RBI Grade B exam pattern, we encourage you to take a look and then revisit our preparation strategy to develop a better picture.
In the RBI Grade B examination, Finance and Management is a subject evaluated during Phase 2 or the Mains phase of the selection process. This particular subject can bring out varied responses from candidates. For those with a background or a keen interest in Finance and Management, it may come across as an intriguing and engaging segment of the examination. However, for individuals without prior exposure to these domains, it can appear daunting and challenging.
Nevertheless, it is essential to underline that this section holds immense potential in the RBI Grade B examination, for scoring well if approached with proper preparation and strategy. With focused and well-structured preparation, even candidates without a formal background in these areas can excel. So, whether you find it intriguing or daunting, a strategic and dedicated approach to Finance and Management can significantly boost your overall performance in the upcoming RBI Grade B examination.
RBI Grade B Finance & Management: General Tips for Preparation
1.Start your exam preparation well in advance to ensure a comprehensive readiness.
2.Develop a profound understanding of the exam syllabus to strategically plan your study approach.
3.Recognize that a significant portion of the questions, approximately 80%, will pertain to current affairs. These may include topics related to RBI circulars, financial markets, financial institutions such as NPCI, NETC, NACH, Banks, SEBI, and recent developments linked to the syllabus.
4.Analyze RBI Grade B previous year papers to gain insights into the latest examination trends and patterns.
5.Please eliminate the misconception that a management background is necessary to excel in this exam. It is not true; anyone can perform well with the right kind of preparation.
6.While certain topics like Numericals, Time-Value of Money, and Bond Valuation are not explicitly mentioned in the syllabus, it is prudent to acquaint yourself with these concepts as they can enhance your overall preparation by familiarizing you with important related terminology.
7.Stay updated by following any one reputable financial newspaper (Economic edition) to remain informed of the latest developments and updates.
8.Pay special attention to the Budget and Economic Survey, as these are highly significant areas of the exam.
9.Stay updated of RBI Circulars, reviewing them periodically to remain well-informed about relevant changes and updates.
10.Commit to regular and rigorous practice by solving RBI Grade B mock tests and working on multiple-choice questions throughout your preparation journey. This practice will solidify your knowledge and enhance your problem-solving skills for the exam.
RBI Grade B Finance & Management Syllabus
| Topic | Sub-topics |
| Financial System | Regulators of Banks and Financial Institutions Reserve Bank of India- functions and conduct of monetary policy Banking System in India– Structure and concerns Financial Institutions – SIDBI, EXIM, NABARD, NHB Changing landscape of banking sector Impact of the Global Financial Crisis of 2007-08 and the Indian response |
| Financial Markets | Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), functions, instruments, recent developments. |
| General Topics | Risk Management in Banking Sector Basics of Derivatives: Financial Inclusion 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 –Concepts, approach and broad trends Inflation Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends; striking a balance between inflation and growth through monetary and fiscal policies, FinTech |
| Management | Fundamentals of Management & Organizational Behaviour: Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management Management functions and Managerial roles Nudge theory Meaning & 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, Vroom’s expectancy theory) Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership Emotional 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). |
| Ethics | 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 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 Corporate Governance: Factors affecting Corporate Governance Mechanisms of Corporate Governance 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. |
RBI Grade B Finance & Management Books
We have compiled a list of books that will help you prepare for the exam.
| Book | Author |
| Financial management | I M Pandey |
| Financial management: Theory and Practice | Prasanna Chandra |
| Cost accounting | Grewal and Gupta |
| Management Accounting | R.S.N. Pillai and V. Bagavathi |
| Management Accounting | Khan & Jain |
| Monetary Theory & Public Policy | Kenneth Kurihara |
Some Other Resources
At ixamBee, an abundance of resources await to support your preparation journey. These invaluable assets cover a comprehensive range of study materials, mock tests, expert guidance, and interactive learning modules like RBI Grade B XtremeBee Online Course. These resources are meticulously designed to enhance your readiness and elevate your performance in the RBI Grade B examination. You should also take a look at some of these other resources as you prepare for your exam.
- Check the ICAI website regularly for updates
- Financial dailies like Business Standard, The Economic Times, Financial Express and the like.
- Magazines like Business Today and Outlook Business
- ixamBee’s BeePedia for latest current affairs
RBI Grade B Finance & Management Preparation
At ixamBee, you will find several resources that will help with your preparation. Some of these have been listed below.
RBI Grade B Course
ixamBee’s RBI Grade B Exclusive Online Course is your one-stop solution for Coverage of Government Schemes, Important committees formed by RBI, SEBI, Govt. bodies, Budget & Economic Survey, Summary of important RBI publications, Monthly review of Kurukshetra & Yojana Magazines and so on. So it is needless to say, aside from Finance & Management, you will also receive guidance and tutelage to cover all the other subjects effectively as well. Take a look at what we offer:
- 480+ video lessons for phase 1 and 220+ video lessons for phase 2
- 340+ Study notes
- 17000+ questions practice questions
- 20 Full-length Mock tests for Phase 1 and
- 15 full-length Mock Tests the Phase 2 exam
- 5 Descriptive English Mock Tests with feedback
- Online Live Classes
- Interview Guidance and personal feedback on your performance.
- Study plan
- One-on-One Meetings with Faculty
Mock Tests
Before concluding, let me remind you to take a moment to assess your comprehensive readiness with ixamBee’s RBI Grade B Phase 2 mock tests. These practice tests are not only easily accessible but are also free, allowing you to attempt them repeatedly to enhance your understanding and fine-tune your performance. Use this valuable resource to ensure you are well-equipped for the challenges of the forthcoming RBI Grade B Phase 2 examination.
