About Reserve Bank Of India ( RBI )
The Reserve Bank of India was set up on April 1, 1935. It is one of the few central banks to document its institutional history. So far, it has brought out four volumes of its history. Volume 1, covering the period from 1935 to 1951, was published in 1970. It details the initiatives taken to put in place a central bank for India and covers the formative years of the Reserve Bank. It highlights the challenges faced by the Reserve Bank and the Government during World War II and the post-independence era.
This period heralded an era of planned economic development in India. This volume captures the initiatives taken to strengthen, modify and develop the economic and financial structure of the country. Apart from the Reserve Bank’s role as the monetary authority, it highlights the endeavour to establish an institutional infrastructure for agricultural and long-term industrial credit in India. This volume succinctly covers the external payment problems faced by the country and the rupee devaluation of 1966.
Dr. Manmohan Singh released the third volume of the Reserve Bank’s history covering the period from 1967 to 1981. An important event of this period was nationalisation of fourteen banks in 1969, leading to spread of banking in country’s hinterland. The issues of safety and prudence in banking also gained prominence. Internationally, the abandonment of the Bretton Woods system in 1971 posed serious challenges for the developing countries including India. The volume also deals with the matters of co-ordination between the Reserve Bank and the Government.
Rbi Grade B Notification 2017
|1||Release of Online Application Form||3 May 2017|
|2||Last Date of Online Application Form||23 May 2017|
|3||Release of Admit Card for Written Exam Phase -1||2nd week of June 2017|
|4||Date of Written Exam Phase-1||17 June 2017|
|5||Declaration of Result for Written Exam Phase-1||End of June 2017|
|6||Release of Admit Card for Written Exam Phase-2||2 July 2017|
|7||Date of Written Exam Phase-2||7 July 2017|
|8||Declaration of Result for Written Exam Phase-2||August 2017|
|9||Conduct of Interview||August 2017|
|10||Declaration of Final Result||August 2017|
RBI Officer Grade B 2017 Eligibility Criteria
- Minimum Educational Qualification: Bachelor’s degree with 60% marks & 60% marks also in 12th and 10th standard examinations. (In case of SC/ST/ PwD categories, 50% marks required).
- Age Limit: Minimum age is 21 years & maximum age is 30 years. Age limit relaxation will be provided to reserved categories candidates.
- Numbers of Attempts: For general category maximum number of attempts is 6 times and there is no restriction for SC/ST/OBC/PwD category up-to the age limit.
RBI Officer Grade B 2017 Application Form
Online application form will be available at the official website of RBI. RBI will not accept any offline submission of the application form, so candidates need to fill their application form thru online mode only.
Candidates can pay application fee thru online mode only. Payment of application fee can be made thru net banking or any credit/debit cards. Application fee for General and OBC candidates is Rs. 850 and application fee for SC, ST, PwD and Ex-S candidates is Rs. 100, no fee for staff of RBI.
RBI Officer Grade B 2017 Selection Procedure
Selection process includes three steps:
- 1st Step: Written Exam (Phase-1) (Objective Type) (200 Marks)
- 2nd Step: Written Exam (Phase-2) (Objective & Descriptive Type) (300 Marks)
- 3rd Step: Interview (50 Marks)
RBI Officer Grade B 2017 Exam Pattern & Syllabus
Written Exam (Phase-1):
- Phase-1 exam is objective type and will be conducted online.
- Phase-1 exam question paper will have 4 sections namely (1) General Awareness, (2) English Language, (3) Quantitative Aptitude and (4) Reasoning.
- Exam duration will be 2 hours.
- There will be 200 questions for 200 marks.
- There will be negative marking of 0.25 marks for each wrong answer.
Written Exam (Phase-2):
- Phase-2 exam is both objective & descriptive type and will be conducted online.
- Phase-2 exam will have 3 Papers (Paper-1, Paper -2, and Paper-3) for 300 marks.
- Paper-1 & Paper-3 are objective type and Paper-2 is descriptive type.
- Paper-1 (Economic & Social Issues), Paper-2 (English Language) and Paper-3 (Finance & Management).
- Exam duration will be 270 minutes (90 minutes for each paper).
- There is no negative marking in phase-2 exam.
- Those candidates who qualify the phase-2 exam will be called for the interview round; 50 marks will be allotted for the interview.
RBI Officer Grade B 2017 Admit Card
RBI will issues admit card for Phase-1 & Phase-2 exam. Candidates can download their admit card from the official website of RBI. RBI will not send admit card by post. Admit card can be downloaded by filling (1) Registration Number, (2) Password / Date of Birth.
RBI Officer Grade B 2017 Cut Off
Candidates need to score marks equal to or more than the minimum qualifying marks which is also known as the “cut off”. The cut off marks will be set by the RBI.
RBI Officer Grade B 2017 Result
RBI will release three results first for the phase-1 exam second for the phase-2 exam and after the interview round final & third result will be released. Candidates can check their result on the official website of RBI.
Rbi Grade B Previous Year Question Papers
The RBI Grade B previous year papers uploaded in the current article are from the latest pattern as well the old pattern. A few years back RBI Grade B was conducted offline and the pattern was different. However the syllabus was always the same. So it is advised that you go through each and every paper, solve all the questions irrespective of the pattern and then evaluate yourself.
|Step 1||Go through complete RBI Grade B previous year papers.|
|Step 2||Create a mental plan so as to attempt the questions methodically.|
|Step 3||Time yourself in advance and decide which question to attempt first and which to leave.|
|Step 4||If you don’t know an answer, just skip the question. Attempt questions only when 90-100% sure.|
|Step 5||Once done with RBI Grade B previous year papers, check the amount of time taken.|
|Step 6||Start moderating your answers honestly.|
|Step 7||Go through each and other incorrect answer so as to not repeat the same mistakes in the exam.|
Rbi Grade B Salary
As you will be going to work in the central bank of the country so the job profile of your’s is going to be very dynamic and versatile. After getting selected as RBI Grade B officer, you will be on probation for 2 years including 15 weeks training at Reserve Bank Staff College. Also, your job profile will depend on the location and department you will be going to work in and the department can be as follows:
Rbi Grade B 2016 Cutoff
|Name of Section||Maximum Marks||Category|
|Aggregate Cutoff marks in Paper – I, II & III taken together in written examination for shortlisting candidates for Interview (Out of 300 marks)||176.75||161.75||155.75||155.75|
|Aggregate marks in Written Examination and Interview taken together (out of 350 marks), obtained by last recommended candidate||225.50||211.00||204.25||210.25|