RBI Grade B Phase 2: Preparation Tips for Economics & Social Issue (Paper 1)

RBI conducts RBI Grade B Examination every year to recruit staff in Reserve Bank of India. It is the most lucrative bank job in India. RBI has released RBI Grade B Phase I Result already. Candidates who have made through the prelims examination must have prepared themselves for the upcoming mains examination which is to be held on 1st and 2nd December 2019. This article is dedicated to help an aspirant who is preparing for Phase II Exam for the post of RBI Grade B (General). As only few days are left in the examination, we advise candidate to utilize every single minute. Lets get straight to the point.

RBI Grade B  (General) Phase II Exam Pattern

RBI Grade B (General) Phase II Exam is to be held on 1st December 2019. Here is the pattern for the same:

Preparation Tips for Economics & Social Issue (Paper 1) For RBI Grade B Mains

RBI Grade B Phase II Exam is not an easy nut to crackle but with the right strategy and guidance you can ace it accordingly. Phase II Exam demands a very different approach. What is needed is a strong hold on Economics concept that will help you in acing through this section.

Standard Sources

Daily Newspaper:

• Economic Times
• The Hindu
• Business Standard

Monthly Drill:

• Economic and Political Weekly
• Southern Economist
• Yojana
• Business India
• RBI Bulletins

Reports:

• World Development Report
• Economic Survey of India

Other:

• You tube videos
• Current Affairs Videos

Preparation Guide RBI Grade B Mains

RBI Grade B Phase II Exam Paper 1 is based almost on current topics. There are some major static topics that are to be covered by a student. As only few days are left and you have cleared the phase I of the exam, we assume that you have basic knowledge of the concepts. It is almost impossible to crack the examination in 9-10 days but as if a candidate have a basic knowledge and had made it through the Phase I, we have some polishing tips that will help you to utilize the remaining 10 days. Here is a comprehensive guide to help you ace Paper 1 of RBI Grade B Phase II:

Syllabus: Skim the syllabus well before strategizing the preparation. The syllabus for Phase II is given in detail in the RBI Grade B Official Notification. Google everything written in the syllabus to get a perfect view of the same. Do not go for the fake websites. Read the details only on the official, government or standard websites. There is no need to go into deep details as there is less time for the Phase II Exam. You can make online notes of the same. If you have read these before revise and look for the scoring topics.

Previous Year Paper’s: Once you are done with the syllabus, the step of going through the type of question come. Go through the RBI Grade B Previous Year’s Paper thoroughly to provide yourself the way RBI challenges an aspirant in the examination.

Strategy: Intense effort is needed to strategize your journey for RBI Grade B Phase II Exam. You can help yourself by some brainstorming technique. Here are few steps that can help you in scoring well:

• Divide the syllabus according to the topic.
• Make online topic division on evernote or Ms Office.
• Try to put the gist of the topics accordingly.
• Make a time table and stick to it followed by revision
• Make slot for mock test in your time table
• Make time for analysis
• So your strategy should include learning, making quick notes, mock test, analysis and revision.
• Do not waste a single minute as this strategy demands honesty and dedication
• Read Current Affairs from newspaper and read monthly magazines.

Mock Test: With 10 days left in the examination, attempt 4-5 mock test and analyze yourself properly. Analysis is important as it will help you to recognize your mistake. Mock and speed test help in maintaining speed and accuracy of the student.

Time Management: Try to solve the previous year’s paper in the time alloted by the commission. Solve online mock test as the exam is to be held in online mode only.

Monthly Magazines: Go through the monthly magazines like Yojana, and other monthly economic current affairs magazine.

Budget and Economic Survey: You must have read Budget and Economic Survey once before the prelims. Revise it. Read the gist of budget and economic survey, if you haven’t touch them before. They form the major part of paper.

RBI Reforms and Reports: Do read recent RBI Report and reforms. It is the most scoring area in the Paper 1 of RBI Grade B Phase II Exam

Social Issues: For social issues, you can refer to the current affairs topic related to social empowerment, and other social issues. Basically facts are asked in the examination. So, do not try to go deep into the matter and just read the important facts and data with the respective ministry.

RBI Grade B Phase II 2018 Topics of ESI (Economic and Social Issues):

In 2018, the topics that were are give below:

• Schemes
• IMF Report on article IV consultation
• TRIPS
• GDP and GNP Concepts
• PCI Concepts
• Fiscal Deficit
• Types of Elasticity