RBI Grade B Syllabus


RBI Phase 1 Syllabus [Indicative – Based on Previous Year Questions] - General

General Awareness

  • RBI Circulars
  • Schemes of various Ministries
  • Economic News
  • Banking & Financial Awareness
  • National and International News
  • State News
  • Important Days
  • Books & Authors
  • Awards and Recognition
  • Static GK


  • Vocabulary
  • Grammar
  • Sentence Framing
  • Jumbled Words/ Sentences
  • Error Spotting
  • Sentence Rearrangement
  • Reading Comprehension
  • Cloze Test

Quantitative Aptitude

  • Percentage
  • Average
  • Time & Work
  • Ratio & Proportion
  • Quadratic Equations
  • Upstream & Downstream
  • Simple & Compound Interest
  • Profit & Loss
  • Mixture and Allegation
  • Number Series
  • Data Interpretation


  • Ranking
  • Alphanumeric Series
  • Coding-Decoding
  • Input-Output
  • Syllogism
  • Directions
  • Blood Relations
  • Seating Arrangement
  • Puzzles
  • Inequalities
  • Data Sufficiency

Phase 1 Syllabus [As per RBI Gr B Notification 2023-24] – DEPR/DSIM

Paper I Objective Type (Economics)

  • Microeconomics (Theories of consumer’s demand; Production; Market Structures and Pricing; Distribution; and Welfare Economics)
  • Macro Economics (Theories of Employment, Output and Inflation; Monetary Economics; ISLM Model; Schools of Economic Thought)
  • International Economics (Theories of International Trade; Balance of Payments; Exchange Rate Models)
  • Theories of Economic Growth and Development (Classical neo-classical approaches to economic growth and major theories of economic development)
  • Public Finance (Theories of taxation and public expenditure and Public Debt Management)
  • Environmental Economics (Green GDP, Environmental Valuation, Environmental policy instruments)
  • Quantitative Methods in Economics (Mathematical and Statistical Methods for Economics, Ordinary Least Square Regression)
  • Current developments in Indian Economy (Growth, inflation, poverty, unemployment, financial sector developments, external sector developments, fiscal developments, agriculture, industry, infrastructure, and services)

Phase - I - Paper-II Descriptive Type (on English)

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

RBI Phase 2 Syllabus [As per RBI Gr B Notification 2023-24] - General

Paper I: Economics & Social Issues

  • Growth and Development
  • Measurement of growth: National Income and per capita income
  • Poverty Alleviation and Employment Generation in India
  • Sustainable Development and Environmental issues.

  • Indian Economy
  • Economic History of India - Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991
  • Priorities and recommendations of Economic Survey and Union Budget
  • Indian Money and Financial Markets: Linkages with the economy
  • Role of Indian banks and Reserve Bank in the development process
  • Public Finance
  • Political Economy - Industrial Developments in India- Indian Agriculture - Services sector in India.

  • Globalization
  • Opening up of the Indian Economy
  • Balance of Payments, Export-Import Policy
  • International Economic Institutions
  • IMF and World Bank
  • WTO
  • Regional Economic Co-operation; International Economic Issues

  • Social Structure in India
  • Multiculturalism
  • Demographic Trends
  • Urbanisation and Migration
  • Gender Issues
  • Social Justice

Paper II: English Syllabus

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic. It usually contains questions of

  • Essay Writing
  • Reading Comprehension
  • Precis Writing

Paper III: Finance & Management


  • Financial System
  • Structure and Functions of Financial Institutions
  • Functions of Reserve Bank of India
  • Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
  • Recent Developments in Global Financial System and its impact on Indian Financial System
  • Role of Information Technology in Banking and Finance
  • Non-Banking System
  • Developments in Digital Payments
  • Financial Markets
  • Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
  • General Topics
  • Financial Risk Management
  • Basics of Derivatives
  • Global financial markets and International Banking – broad trends and latest developments
  • Financial Inclusion
  • Alternate source of finance, private and social cost-benefit, Public-Private Partnership
  • Corporate Governance in Banking Sector
  • The Union Budget – Concepts, approach and broad trends
  • Basics of Accounting and Financial Statements - Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor Days, Inventory Turnover, Return on Assets, Return on Equity, etc.)
  • Inflation: Definition, trends, estimates, consequences and remedies (control): WPI- CPI – components and trends; striking a balance between inflation and growth through monetary and fiscal policies


  • Fundamentals of Management & Organizational Behaviour:
  • Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations and Systems approach to management; Management functions and Managerial roles; Nudge theory - Meaning & concept of organizational behaviour;
  • Personality: meaning, factors affecting personality, Big five model of personality; concept of reinforcement; Perception: concept, perceptual errors.
  • Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two factor theory) & Process theories (Adams equity theory, Vrooms expectancy theory).
  • Leadership: Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership;
  • Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict;
  • Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).

  • Ethics at the Workplace and Corporate Governance:
  • Meaning of ethics, why ethical problems occur in business.
  • Theories of ethics: Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc.
  • Ethical Principles in Business: introduction, Organization Structure and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.
  • Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance
  • Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.

Phase II Syllabus [As per RBI Gr B Notification 2023-24] - DEPR/DSIM

Paper - I Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)

Microeconomic Module

  • Consumer Theory: Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve Analysis, Price, Income and Substitution Effects, Game Theory
  • Production Theory: Forms of Production function; Laws of Returns to Scale; Partial Equilibrium Vs General Equilibrium Analysis
  • Market Theory: Pricing under different market structures
  • Distribution Theories: Ricardo, Marx, Kalecki and Kaldor
  • Welfare Economics: Pareto Optimality, Schools of Welfare Thought including Arrow, Coase and Sen

Macroeconomic Module

  • National Income Accounting: Various methods for measurement of National Income
  • Theory of employment and Output: Classical and Neo-classical approaches, Keynesian theory of Employment and output, post-Keynesian developments, Business Cycles
  • Inflation: Types of Inflation, Philip's curve, Taylor’s Rule, Lucas Critique
  • Money and Banking: Quantity theory of Money, Neutrality of money, IS - LM Model and AD-AS Models, Money Multiplier, Monetary Policy – Scope, Objectives and instruments, Inflation targeting
  • Theories of Economic Growth and Development: Theories of growth, Classical and neoclassical approaches, Theories of Economic Development
  • International trade and Balance of payments: Theories of international trade, Determination of exchange rates, Impossible Trinity
  • Public Finance: Theories of taxation, Theories of public expenditure, Theories of public debt management

(Equal weightage will be given to Microeconomic and Macroeconomic modules)

Paper-II Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)

Module on Quantitative Methods in Economics

  • Mathematical Methods in Economics: Differentiation and Integration, Optimisation, Sets, Matrices, Linear algebra and Linear programming
  • Statistical Methods in Economics: Measures of central tendency and dispersions, Probability, Time series, Index numbers.
  • Econometrics and advanced Applications: Regression analysis, Panel data econometrics, Time Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/ Machine Learning

Module on Indian Economy – Policy and Trends

  • Fiscal policy in India: Evolution, scope and limitations, current trends
  • Monetary Policy in India: Evolution, Functions of the Reserve Bank of India, Monetary-Fiscal coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends
  • Banking and financial sector development in India: Banks and other constituents of Indian financial markets and related developments, Current trends
  • Inflation in India: Trends and drivers
  • External sector developments in India: Exchange rate management, external debt, Balance of payments, Current trends
  • Sectoral and other developments in India: Agriculture, industry, services and social sector-related developments (Equal weightage will be given to Quantitative Economics and Indian Economy-related modules)

Exam Cycle

[RBI Gr B (General)]

  • Usually, RBI conducts the recruitment drive every year. The notification generally comes around May-April. Then Phase I Exam will happen in June or July. The Phase I result usually comes within 1-2 weeks.
  • Then, Phase II Exam is generally conducted after 20-30 days of Phase I Exam. Results of Phase II exam takes 15-20 days to arrive.
  • Post Phase II result, the shortlisted candidates are asked to fill BIODATA form for the interview round. Also, they have to appear for Psychometric Test. It is a personality-based test with no bearing on marks of the candidate.
  • Consequently, Interviews will be conducted in New Delhi, Mumbai, Chennai, and Kolkata Offices. It continues for 2-3 months.
  • Then the final result usually comes around October. This is the 6-month cycle of RBI Grade B Examination.

Below are the important dates of 2023 and 2022 recruitment Drives –

2023 [Source: RBI Notification]

2022 [Source: RBI Notification]

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