FINANCE AND MANAGEMENT QUESTIONS- RBI GRADE B Phase 2 2017

 

  1. Difference between primary and secondary market
  2. Difference between payment and small bank
  3. what differentiates a company from another- core competencies
  4. companies goals,skills, vision mission is identify in- options were functional,organisations,technical competencies
  5. statement regarding equity theory and asked to identify the theory
  6. statement based on goal setting theory and asked to identigy the theory
  7. who regulates disclosure requirements(something similar to it)- I guess its sebi
  8. leadership theory in which manager shares decision making with his colleagues
  9. what does a leader do in transformational leadership-
  10. a leader who is visible all the time and motivates his team- which kind of leadership
  11. a leader who has power to correct the mistakes and even provide rewards when they perform well
  12. according to fayol double command is a source of_________- conflict
  13. MBO also known as –management by results
  14. A bond which doesnot give any coupon payments
  15. 2 questions based on capital convertibility – how does it affect the economy
  16. Options were given-chose among them which comes under capital account convertibility
  17. How does one transfer price risk?
  18. Which among these is generally not done out of the counter exchange
  19. Which would drive all the team together towards a common goal- motivation
  20. 2 questions based on corporate governance passage- recent committee was to consider which among the following issues
  21. Committee name
  22. A question based on peer-to-peer lending –you need to identify which was true
  23. Financial inclusion doesn’t include which among the following- savings account, subsidies benefits etc- answer is subsidies
  24. Options were given chose which properly defines annuity
  25. A numerical based on CRR- if present bank has X money and has 20% CRR limit –if the limit is increased identify the amount of money in the market
  26. WACC numerical
  27. Numerical based on identifying the interest if you receive 90 in total in an year based on 45 principle amount
  28. Rule 72 numerical-250 is converted into 1000 in 16 years-identify the rate of return
  29. Another numerical where 400 converted to 800 –identify the years
  30. Systemic risk coefficiety is identified through which among the following-beta
  31. Reduction in import quota is considered as which reform
  32. CRAR was given- we need to identify the capital equivalent based on BASEL AND RBI limit
  33. One numerical based on a construction company cash flow- initial investment 4000 crore—cash flow statement was given for 5 years-you need to identify if project is financially sustainable or not –if it is then why
  34. What is assumption in internal rate of return— it is reinvested
  35. Managerial leadership is also known as—transactional,strategic and two other options
  36. A passage based on BARS—WHAT does A Stand for –anchor
  37. After identifying the critical incidents in BARS ,whats the next process—I think its graphic rating scale
  38. What is known as ability in a person which can be developed or not developed—skill,aptitude,expertise were options
  39. How does government reduce its debt – options were selling government bonds, printing currency
  40. Kind of leadership where a leader allows subordinate to take decisions in a defined limits
  41. A leadership where leader shares decision making with his colleagues
  42. Bargaining technique where employees bargain for bonus in relation to productivity
  43. What does paralanguage mean
  44. Communication through eye movements-oculesics
  45. A passage was given regarding assessment center- question was asked if assessment center was a center or a process or a result
  46. What does make an employee feel connected to his company even during downturn- emotional connect
  47. What is the first step in decision making-identify objectives
  48. A process of steps where job is defined and necessary qualifications are prescribed- job analysis
  49. Similar question on job analysis where a job needs to be identified
  50. A discount rate problem where discount rate is given and an amount is given.need to identify the years
  51. A process in which a cooperative is concerted into a stock company- demutualization
  52. Decision making process is a cognitive psychoanalytical – psychoanalytic process
  53. Group dynamics definition was given—we need to identify it based on the statement
  54. A process where employee identifies himself and is determined and motivated to work- self determination theory
  55. A question based on non-verbal language will it create positive first impression or negative first impression- we need to identify false statement among 5 options
  56. A question based on console- don’t remember correctly
  57. UPI question- identify the wrong statements
  58. Which among this is not a solvency ratio options were debt to equity ratio, liquid ratio, quick acid test ratio, both liquid and quick acid, interest rate returns

 

 

 

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RBI Grade B Phase 2- 2017 Recollected Questions

  1. Gender inequality index India’s rank
  2. FRBM 2016 COMMITTEE
  3. Dairy processing fund in budget
  4. Which country has withdrawn from Paris COP
  5. Corporate governance committee
  6. MGNREGA ministry?? Continue reading “RBI Grade B Phase 2- 2017 Recollected Questions”

How can I successfully crack the RBI Grade B exam in my very first attempt?

How can I successfully crack the RBI Grade B exam in my very first attempt? by Utkarsh Awasthi

Answer by Utkarsh Awasthi:

Prerequisite: You are well off to clear Prelims.
Assuming you aren’t from commerce background as the case of most of the aspirants.

Statutory warning: This answer is strictly my opinion. if you disagree, please downvote and move. Don’t keep sitting in the comments thread with hate speeches and all. This is just for poor and lazy kids like me.

Before I Gyanofy you, (or in other words, before I try to make you feel that my widom teeth are out and I am eligible to quite guide you) let’s talk about my last year’s preparation and performance. Wait! you’ll get a bonus too, review of the examination. I’ll just talk about Phase 2.

Lets bust myths first:

  1. You can’t clear Grade B, without reading newspaper daily.
  2. Reading all Yojna magazines, all Pratiyogita darpans and all the magazines under the sun is a must. If some magazines are released in Mars(the planet), order from Marskart.com/Marszon.com and read that too.
  3. Visit all the official websites of various ministries and read despite the fact that you’ll take around a month to prepare a list of website of ministries to visit and thereafter going to their respective career opportunities section and ending up joining one of those ministries.
  4. All the RBI speeches should be learnt by heart.
  5. All the RBI FAQs should be on your fingertips.
  6. Read gazillions of novels even if you are a non reader. Whatever they say, just keep reading Chetan Bhagat over and over.

Now why I say that?

I attempted Grade B last year, started my preparation precisely on August 16, 2016. Prepared for both the phases simultaneously till September 3, 2016 and then after September 8, 2016, I prepared for Phase 2 till September 18, 2016.

Do you think I can read all the aforementioned heap of books in the said time frame? Nope.
My Score: 175.75
Cutoff: 176.75.

What needs to be done?

  1. Start with ESI and FM static portion, just read and understand the basic things. You’ll seldom find questions directly from your books as RBI Grade B focuses on current events based on economy and finance but in order to understand those basic affairs, you’ll need to be thorough with the basics of Economics and Finance.
  2. Read Economic survey thoroughly. It doesn’t matter how many pages you have to read, because apart from English, you will find half of your ESI and FM questions directly from Eco Survey. Most of the people read summaries from various blogs quoting Eco Survey is too big. I don’t understand why for the first half you can read gazillions of books, but for the other half you can’t read some hundred pages? Also it provides fodder points for your essay. Economic survey can be heard singing,” Why oh why, tell me why not me?”.
  3. You need to be thorough with current affairs for the last 6 months with special focus on banking and economy. This will cover your preparation of Phase 1 too. It obviously doesn’t matter if you read from newspapers or use any online free PDFs. All you need is smart preparation as per the time constraint. I have found GKtoday, Affairscloud and Gradestack on par with the RBI standards.
  4. Don’t underestimate the numericals sections. As I didn’t have time last year, I didn’t prepare numericals as such. The marks I scored are without solving a single numerical correctly. I still imagine if I had prepared for the same, some odd 20 easy marks would have placed me into the final list. There are many websites offering tutorials regarding the same. Follow any one.
  5. The most underestimated section is English. I scored close to 50% of my final score in English only. Please take it seriously and try to write an essay without extra special, CAT like vocabulary. They just want you express your views unambiguously and there should be minimal grammatical errors. Precis should be written in your own words, and comprehension must have short and precise answers.
  6. Please appear for as many mock tests as you can. More the number of questions you solve, more you learn problem solving. Also, more ground is covered. Sometimes when you don’t even know the correct answer and if you have practiced a lot, you’ll still get the correct answers by elimination of options and sometimes just experience helps.
  7. Analysis of the mock tests is must. Whenever you get a question wrong, google the same and read everything about it. Make a notes copy for that particular test series and note down fodder points of the topics you made mistakes in.
  8. (Edit) Don’t forget management which almost everyone ignores. 30–40 easy marks can be scored with minimal efforts.

Now as there are gazillions of coaching and tutors available with their personally designed courses, the question of the hour is which one to follow?

I will suggest not to follow any if you have around 5–6 months for preparation. However, If you are starting your preparation now, and I quote, It’s not at all impossible to crack Grade B within 2–3 months of preparation, do join any one institute, and not a single person. In my opinion, I have found Edutap good and I am currently following the same for my preparation this year apart from books and all.

These courses will cover all the Yojnas, RBI speeches, Pratiyogita darpans and current affairs in the form of MCQs only which is better from the exam point of view. I know this ain’t the right way of preparation, but yes, it is the smart way.

Review: As per the last 2 year’s papers, it is quite evident that they need you to understand economics and finance at basic level and be thorough with the current affairs. Almost 70–80% of your ESI + FM marks will depend on Economic Survey+ Current affairs. Utilize maximum resources for these two things.

Hope this helps.
All the best and let’s crack this baby!

How can I successfully crack the RBI Grade B exam in my very first attempt?

RBI Grade B Exam Notification

 

rbi grade b notification.png

Phase 1 on June 17, 2017

Phase 2 on July 7, 2017

Number of recruitment – 145

Introduction to Management

Definition:

According to Koontaz and O’ Donnell, “Management is an art of getting things done through and with the people in formally organized group.”
According to Henry Fayol, “To manage is to forecast and to plan, to organize, to command, to co-ordinate and to control.”

Continue reading “Introduction to Management”