RBI Grade B exam is a tough nut to crack and having been preparing for the exam for some time now you might very well know that mugging up everything possible will not help you in cracking the RBI Grade B exam. You need to learn right and not just mug up in order to excel in the exam. In this blog, let’s understand what are the X factors which will help you crack the RBI Grade B 2020 with ease.
Let’s first understand the preparation of RBI Grade B Phase 1:
· The Catchment Area: Less than 1% Clear Phase 1 exam
About 3 lakhs candidates appear in RBI grade B exam every year and less than 1% of this clear Phase 1 exam. Unfortunately, the official notification does not elaborate on the syllabus as it does for Phase 2 so when it comes to the preparation of RBI grade B, students start their preparation by studying for Phase 2 first. Also some of the topics in phase 2 syllabus are very interesting to study. Very sad to say, all this preparation goes waste because 99% of the students do not clear Phase 1.
· General Awareness is the key to success
You know that General Awareness is 40% (maximum weightage) of the Phase 1 exam. But strong grip on general awareness is also the key to score high in ESI in Phase 2. If you score very high in General Awareness you are sure shot to clear Phase 1, even by scoring cut-off marks in Quantitative, Reasoning and English Language.
· The Great Saviours: Reasoning and English Language
In the last so many years the questions asked in reasoning and English are of the same pattern so there is no surprise in the exam hall. Based on your preparation you can predict your score in English and Reasoning. English and reasoning are 45% of the Phase 1 exam, and the entire preparation happens beforehand with fundamentals and practice. Many students say that they become bored doing the same question again and again. But that is required for Speed and accuracy.
Heart of the Matter: English Descriptive
When it comes to the preparation of English Descriptive, students start asking for important Essay topics, so that they can prepare in advance and score well. This is a mistake. The exam is about your writing skills that come by practicing writing. Simple, accurate and impressive writing is an art you need to learn for this paper which is one third of your Phase 2 exam.
· Specialisations Don’t Matter You don’t need to be an economist
Serious aspirants make this mistake; they want to become an expert when RBI is recruiting generalists. They start preparation by seeing the syllabus rather than going through the previous year question papers. Just a basic understanding of Economics (macro) is enough to clear this exam there is no need to go in details of any economic theory.
Much Ado about Nothing: Numerical are overhyped
In many years there were no numerical questions in the exam. Whenever they are asked hardly 2 to 4 questions. Before going to the numerical of Bond valuation and financial ratios understand the basics of banking and finance. Management is an easier one and about 50% of the questions come from management in FM paper.
Obstacle Race Winners: Final Selection
· Most of those who get selected are from non-economics and non-finance background
Students say that it is difficult for them because they don’t come from economics, finance or commerce backgrounds. See in the selected candidate most of them have no such background. It is your preparation that matters, nothing else.
Egalitarian Choices: There is no preference for graduates of top universities and those having work experience
The exam is largely objective type, how does the computer, which evaluates the answers, knows whether the candidate is from an IIT or has done a correspondence degree. Interview only 50 marks, i.e. 14% weightage in the overall selection. The interview also is short (about 15 minutes) and to the point, marks are awarded based on your performance. A candidate coming with a very strong background also raises expectations and in case of non-performance gets penalised.
· Vernacular is In: Hindi medium students also become RBI Grade B officer
You may appear in the exam in Hindi medium. You may also appear in the interview in Hindi medium. But you have to ensure that you can manage English in Phase 1 and also score good enough in Descriptive English paper to get the final selection.
Now you know what are the X factors that will help you be a pro and crack the tough nut exam, RBI Grade B. Keeping students requirements in mind our faculty has curated a top notch online course for RBI Grade B exam, which will help you pave your path towards success.