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Strategy for RBI Grade B Exam

PHASE 1

The pattern is as follows:

Reasoning- 60 marks

English- 30 marks

Quants- 30 marks

General Awareness- 80 marks Continue reading “Strategy for RBI Grade B Exam”

What is the work profile at RBI Grade B officer?

Post on @Quora by Alqama Pervez: RBI Grade B Officers are Class I officers of the Reserve Bank of India posted at m…

Post by Alqama Pervez:

RBI Grade B Officers are Class I officers of the Reserve Bank of India posted at managerial level.

The internal hierarchy of the RBI is as follows:

Assistants > Sr/Spcl Assistants > Asst Managers (Grade A) > Managers (Gr B) > Asst General Managers (Gr C) > Dy GM (Gr D) > GM (Gr E) > Chief Gen Managers (Gr F) > Executive Directors > Dy Governors > Governor

Grade B is the highest level at which open recruitment takes place for the RBI.

The work profile of a Manager at RBI depends totally on the department he is posted in. And the diversity of tasks within RBI is huuuuuuge!

The Reserve Bank of India has about 20 odd departments. Each department may have several divisions which may further be sub divided into multiple sections.

For example, I am currently posted in the Foreign Exchange Department, Mumbai. The department is divided into 3 broad divisions – capital account, current account, APRD. The capital account division looks after the Foreign Direct Investments into India, the current account division looks after exports/imports, while the APRD looks after licensing of the authorized dealers of foreign exchange. Each of these is sub divided into sections. A manager is typically given charge of entire division(s) or mutiple sections across divisions.


That was just for FED, Regional Office. The Central Office FED has additional departments for overseeing External Commercial Borrowings, Trade Credits, etc.

If you are in PDO – Public Debt Office, you may be handling the auctioning of government bonds.

If you are in DBS – Dept of Banking Supervision, you may be going on inspection of the banks with your superiors (DGMs and GMs) and sitting across the table with the MDs & CEOs of the commercial banks, discussing the inspection reports.

Similarly, those in Dept of Non Banking Supervision or Dept of Cooperative Banking Supervision go on to inspect the non-banking financial companies (NBFCs) and the Cooperative Banks, respectively.

If you are in Dept of Banking Regulation, Dept of Non Banking Regulation or Dept of Cooperative Banking Regulation, you may be assisting your superiors in framing regulatory policies for banks, NBFC or Co-ops, respectively.

If you are in Dept of Economic Policy & Research or Monetary Policy Dept, your job is of research & data crunching and you/your team often gets to present some analysis or the other to the Governor himself or the newly introduced Monetary Policy Committee.

Oh and I forgot the most important function of the RBI – issuing of currency! If you are in the Issue Department (a child of Dept of Currency Management), you literally hold the keys to the vaults of the nation’s money. Broadly, as managers you’ll be responsible for receiving currency from the printing press and dispatching them to the banks and also receiving the soiled (unusable) notes from the banks and getting them destroyed. These guys were the heroes of demonitization.

Then there are the Financial Markets Operations Dept and the Dept of External Investments and Operations. These guys allegedly intervene in the financial markets whenever there is volatility or adverse movements. You actually need to clear an internal exam to be a dealer.

Then there is the ubiquitous HRMD.

In addition to these, there are several other departments like the Financial Inclusion & Development Dept, Risk Management Dept, Dept of Statistics & Information Management, Banking Ombudsman, Consumer Education & Protection Dept, so on and so forth.

So you see, the diversity (and thus the opportunity to learn) is tremendous.

What is the work profile at RBI Grade B officer?

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Significant Achievements of NITI Aayog over the last 3 years

  1. Vision Document, Strategy & Action Agenda beyond 12th Five Year Plan: Replacing the Five Year Plans beyond 31st March, 2017, NITI Aayog is in the process of preparing the 15-year vision document keeping in view the social goals set and/ or proposed for a period of 15 years; A 7-year strategy document spanning 2017-18 to 2023-24 to convert the longer-term vision into implementable policy and action as a part of a “National Development Agenda” is also being worked upon. The 3-year Action Agenda for 2017-18 to 2019-20, aligned to the predictability of financial resources during the 14th Finance Commission Award period, has been completed and will be submitted before the Prime Minister on April 23rd at the 3rd Governing Council Meeting
  2. Reforms in Agriculture:

Continue reading “Significant Achievements of NITI Aayog over the last 3 years”

GA Questions based on 04-04-2017

1.New date set to roll out GST ?

01.07.2017

2.India has collaborated with …….. to create a sub-fund named green growth Equity fund under NIIF?

UK ; 240 million pound

Continue reading “GA Questions based on 04-04-2017”

GA questions based on 01/02/03-04-2017

1.World autism awareness day is observed on ?

2nd April

2.Newly appointed VC of Nalanda University?

Sunaina Singh 

3.Newly appointed Deputy governor of RBI ?

B P Kanungo   Continue reading “GA questions based on 01/02/03-04-2017”

Financial Awareness-March(11-20) 2017

  1. Public sector banks rush to get cyber insurance policies (Source: ET)
  • Public sector banks are pulling up their socks in cyber insurance. Many state-owned commercial banks are rushing to buy insurance for threats such as hacking, including data loss and associated liabilities.
  • This comes in the wake of the Reserve Bank of India tightening reporting for banks, which for long ignored cyber threats, as well as a greater realisation among banks about the potential dangers of living in a digital world without cover. Banks are seeking more cover for first-party costs related to forensics and cyber experts in case of a claim. This will pay for costs of post-breach investigations as well. Insurers said that in many cases, the cost of external experts was higher than the financial loss caused by a cyber breach. The RBI has issued guidelines to banks to ensure cyber security for addressing risks emerging from new technology.

Continue reading “Financial Awareness-March(11-20) 2017”

NITI AAYOG

The planning commission which has a legacy of 65 years has replaced by NITI Aayog. The utility and significance of the Planning Commission had been questioned for long. The replacement seems to be more relevant and responsive to the present economic needs and scenario in the country.

EVOLUTION OF NITI AAYOG

The NITI Aayog was formed on January 1, 2015. In Sanskrit, the word “NITI” means morality, behavior, guidance, etc

Continue reading “NITI AAYOG”