RBI Grade B Phase 2 Exam 2018: Insights into the Questions and Preparation Strategy
The Reserve Bank of India (RBI) Grade B Phase 2 Exam, held in 2018, presented a mix of questions focusing on static and current content in the domains of Finance, Management, and Economic and Social Issues. The exam structure was divided into two main sections, with specific topics ranging from financial literacy and economic policies to management concepts.
Overview of the Exam Structure
For your comprehensive preparation, here's an overview of the exam structure:
General Awareness/GK Current Affairs: 70–80 Questions
The initial section comprised a significant portion of General Awareness, Current Affairs, and General Knowledge. This part tested the candidate's knowledge on static and dynamic factors within the finance and economy landscape.
Finance and Management: 50 Marks each
The finance and management sections were equally weighted, with a mix of theoretical and numerical questions. Here’s a detailed breakdown of the topics covered:
Finance Section
The finance section included both factual and numerical questions related to various financial concepts and current issues in the economy. The topics included:
Schemes: Questions examined various government schemes and their impact. IMF Report on Article IV Consultation: Tests understanding of international financial implications and implications for the Indian economy. TRIPS (Trade-Related Aspects of Intellectual Property Rights): Focuses on intellectual property laws and their influence on trade. GDP and GNP Concepts: Understanding the differences and implications of these economic measures. PCI (Performance Cost Index) Concepts: This concept tests knowledge of cost management in finance. Fiscal Deficit: Questions on financial budgeting and government spending. Types of Elasticity: Focuses on the elasticity of financial indicators, a crucial aspect of macroeconomics.Management Section
The management section included questions on various management theories and topics, which were designed to test the candidate's understanding of core management concepts. Some key topics included:
Blake and Mouton’s Managerial Grid: A theory on leadership styles and management behaviors. Herzberg’s Two-Factor Theory: Tests understanding of motivation and employee satisfaction. Inventory management techniques: Focuses on supply chain management and inventory control techniques. Management control: Tests knowledge of management systems and processes. Management organization: Understand the structure and functions within an organization. Leadership: A general assessment of leadership qualities and styles.Essay Topics and Financial Literacy
For the essay portion, the topics included:
Financial Literacy: An exploration of financial skills and their importance. Positives and Negatives of Demonetization: A detailed analysis of the pros and cons of demonetization policies. Unified Payment Interface: Understanding the significance of digital payments and UPI. Micro Finance Institutions: Examination of the role and impact of microfinance in economic development.Paper on the numerical section of finance covered:
Financial Ratio PE: Calculations and interpretations of financial ratios. FRMB Act, BASEL Norms, Pillars, Tier 1 and Tier 2 Capital: Detailed understanding of banking regulations and capital requirements. Monetary Policy: Focus on inflation control, interest rates, and other monetary tools. IBC (Insolvency and Bankruptcy Code): Understanding the legal framework for insolvency resolution. Details on Priority Sector Lending Targets: Knowledge on governmental objectives in lending and credit allocation. Loan Limits for Various Sectors: Understanding the constraints and limits on lending. Abbreviations like OCR, PPP, ERG: Familiarity with banking-related acronyms and their meanings.Conclusion
At EduTap, we are creating detailed video tutorials for the questions asked in the RBI Grade B exam, along with their detailed solutions. These resources will be available within ten days, allowing you to benefit from them effectively.
Stay tuned for more updates and resources to enhance your preparation for the RBI Grade B exam.