Table of Contents
The Reserve Bank of India has finally conducted the RBI Grade B Phase 2 2021 exam today on 1st April 2021. Earlier RBI conducted the phase 1 examination on 6 March 2021. In this article, we are covering the complete analysis for RBI Grade B Phase 2. We will discuss all the papers in RBI Grade B Phase 2 Paper 1: Economic & Social Issues, Paper 2: English Writing Skills & Paper 3: Finance & Management. The RBI Grade B Phase 2 Exam was conducted today in 2 Shifts: Morning & Afternoon. In Morning Shift, Paper 3 & Paper 2 was conducted while in the afternoon shift Paper 2 was held. Read the complete analysis, good attempts & Questions asked in RBI Grade B Phase 2.
RBI Grade B Phase-2 Exam Pattern 2021
The RBI Grade B Phase 2 Exam was conducted in 2 Shifts. In the Morning Shifts, firstly the Paper 3 i.e. Finance and Management was conducted & after that Paper 1 i.e. Economic & Social Issues was held. In the afternoon shift, Paper 2 i.e. English Writing Skills paper was conducted. Check the exact & new paper pattern of RBI Grade B Phase 2 2021.
| Paper | Format & Questions | Duration | Marks |
| Paper-I
Economic & Social Issues |
Objective | 30 Questions | 30 Minutes | 50 |
| Descriptive | 6 Questions
(4 to be Attempted) |
90 Minutes | 50 | |
| Paper-II
English (Writing Skills)
|
Descriptive | 3 Questions
RCs, Precis & Essay |
90 Minutes | 100 |
| Paper-III
Finance and Management |
Objective | 30 Questions | 30 Minutes | 50 |
| Descriptive | 6 Questions
(4 to be Attempted) |
90 Minutes | 50 |
RBI Grade B Phase 2 Exam Analysis
RBI has successfully conducted the RBI Grade B Phase 2 Exam today on 1st April 2021. The overall paper was held in 2 Shifts, Morning Shift (Paper 3 & Paper 1) was conducted & Afternoon Shift (Paper 2) was conducted. This year RBI has changed the exam pattern of Phase 2 by introducing the Descriptive Questions in Paper 1 & Paper 3. As per our review, the overall exam was MODERATE. Let’s discuss the paper wise analysis of the RBI Grade B Phase 2 20201.
| Paper | Name of the Paper/Subject | Overall Level |
| Paper 3 | Finance & Management | Easy to Moderate |
| Paper 1 | Economic and Social Issues | Moderate to Difficult |
| Paper 2 | English Writing Skills | Moderate |
RBI Grade B Phase 2 2021: Video Analysis
Watch the live discussion of the RBI Grade B Phase 2 Exam Analysis 2021 on the official YouTube channel where our experts will be discussing the exam review directly with the candidates who appeared for the examination and give you an accurate RBI Grade B Phase 2 2021 Exam analysis of today’s examination i.e. for the 1st April 2021.
RBI Grade B Phase 2 Good Attempts
RBI Grade B Phase 2 2021 was conducted with a new pattern which comprises both the Objective & Descriptive Part. In the Descriptive Part for Paper 3 & Paper 1, the aspirant has to attempt a maximum of 4 Questions out of the 6 Questions while in Paper 2 they need to attempt all the 3 questions i.e. Reading Comprehension, Precis Writing & Essay. In Objective Paper of Paper 1 & Paper 3, a total of 30 Questions is asked in the exam, out of which the good attempts could be between 13-17.
Let’s look at the Good Attempts for RBI Grade B Phase 2 Objective Questions
| RBI Grade B Phase 2 Good Attempts | Objective Questions | ||
| Paper | Name of the Paper/Subject | Good Attempts (Out of 30 Questions) |
| Paper 3 | Finance & Management | 13-17 |
| Paper 1 | Economic and Social Issues | 10-15 |
RBI Grade B Phase 2 Exam: Paper 1: Economic & Social Issues Analysis
Economic & Social Issue Paper was conducted in Morning Shift after the Finance & Management Paper was over. For Paper I, 30 minutes duration was allotted to attempt 30 objective type questions & 90 Minutes was allowed to attempt 4 Descriptive Questions out of the 6 Questions. The word limit was 600 words for 15 marks questions and 400 words for 10 marks questions.
Overall the Paper 1 was moderate to difficult. The Descriptive Paper was tougher than the objective part. In the objective part, there were a total of 30 Questions, 20 Questions of 2 Marks each & 10 Question of 1 Marks each.
Let’s have a Look at the Descriptive Questions asked in Paper 1
15 Marks Questions | Limit: 600 Words
1. Describe the various Poverty Estimation Method in relation to the following?
a) Per Capita b) Inflation & Consumption c) Safety Net Program
2. How are the different dimensions of Globalization evolved since the last Global Financial Crisis of 2008. Analyze its impact.
3. What are the vertical & horizontal allocation of resources to states as per the 15th Finance Commission. How this objective can be achieved?
10 Marks Questions | Limit: 400 Words
1. What is the influence of Demographic Transition on economic growth with reference to India?
2. What are the 3 measures that are related to the Disinvestment of Strategic Sectors & Non Strategic sectors in Union Budget 2021-22. Discuss. a) Rationale b) Impact
3. Discuss India’s commitment to climate change in light of socio-economic, health & developmental projects.
Some question in the Objective Paper of Paper 1
1. Question on PM KISAN Yojana.
2. Question on OECD.
3. India’s GDP Forecast by which organization?
4. Odd One Out Based question on Schemes of the Govt.
5. Comprehension Based Question on Labour Reforms (2 Marks)
RBI Grade B Phase 2 Exam: Paper 3: Finance and Management
Paper III (Finance and Management) was conducted 1st in the Morning Shift followed by Paper I (Economics and Social Issues) and Paper II (English) in the afternoon shift. Just like in Paper 1, 30 minutes duration was allotted to attempt 30 objective type questions for Paper 2 & 90 Minutes was given to attempt 4 Descriptive Questions out of the 6 Questions for Paper 2. The word limit was 600 words for 15 marks questions and 400 words for 10 marks questions. Overall, the Paper 3 was Easy to Moderate. In the objective paper of F & M, there were a total of 30 Questions, 20 Questions of 2 Marks each & 10 Question of 1 Marks each.
Let’s have a Look at the Descriptive Questions asked in Paper 3
15 Marks Questions | Limit: 600 Words
1. Function on the following Regulatory Bodies: SIDBI, EXIM, NABARD, NHB & RRBs
2. What are Basel Norms & what are the Pillars of Basel 3 Norms.
3. One question was on Corporate Governance & what are its key Principles.
10 Marks Questions | Limit: 400 Words
1. What the major/key announcements of Union Budget 2021-22 (5 Announcements)
2. One question was on the difference between Transformational and Transactional leadership.
3. One was based on Behavioral Reinforcement. Explain the Positive & Negative reinforcement.
Let’s have a Look at the Objective Questions asked in Paper 3
Out of the 30 Questions in Paper 3, 2 Marks Questions was based on Comprehension or Case Study.
1. Question on Government Model for building National Highways for construction of roads in the country.. (2 Questions)
2. Question related to Depository.
3. Question on Hybrid Annuity Model.
4. Question on Organizations Behaviour.
5. Question on NPCI.
6. Question on Shares, SEBI & ASBA.
We will update more questions soon..
RBI Grade B Phase 2 Exam: Paper 2: English (Writing Skills)
The paper on English writing skills is framed in a manner to assess the writing skills including expression and understanding of the topic. The Paper includes a total of 3 Questions, 1 each on essay writing, précis writing and comprehension etc. Candidates need to type answers with the help of the keyboard of the computer. Overall this section was moderate. The following questions were asked in the English paper.
a) Precis writing was based on Sand Mining (Related to Urbanization & Soil Exploitation) | 140 Words Limit
b) Reading Comprehension was based on Counter Economy (Black Marketing): In this, 5 Questions were asked of 6 Marks Each. Answers to typed within 50-60 Words Limit.
c) Essay Topics Asked in RBI Grade B Phase 2 2021 Exam | 300 Words
1. An ounce of prevention is a pound worth of cure.
2. Future of BPO industries in India.
3. Importance of Creative thinking in business.
4. Pros & Cons of teaching Coding/ Computer Language to school Students.
Frequently Asked Question-FAQs
Q. When was the RBI Grade B Phase 1 Exam 2021 Conducted?
Ans: 06-Mar-2021
Q. When did RBI release the results for RBI Grade B Phase 1 Exam 2021?
Ans: 13-Mar-2021
Q. What was the difficulty level of the overall RBI Grade B Phase 2 Exam 2021?
Ans: The overall level of RBI Grade B Phase 2 exam is moderate to difficult.
Q. Which was the easiest paper among the Paper 1, Paper 2 & Paper 3 in RBI Grade B Phase 2 Exam 2021?
Ans: Paper 3 i.e. Finance & Manager was easy in RBI Grade B Phase 2 2021.
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