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EduTap » Blog » RBI Grade B Exam Information and Preparation Related Posts » RBI Grade B 2024: Complete Phase 2 Syllabus and Imp Topics

RBI Grade B 2024: Complete Phase 2 Syllabus, Types of Questions and Topics

In the previous article of the RBI Grade B 2024 Phase 1 syllabus , we have explained the subject-wise decoded syllabus of Reasoning, Quantitative Aptitude, English, and General Awareness. Now, it’s time to understand the RBI Grade B Phase 2 syllabus, allowing you to adapt your preparation strategy effectively.

In this article, we’ll explain the detailed RBI Grade B Phase 2 syllabus for each subject along with the link where you can download the syllabus in PDF. Alongside the syllabus, you’ll also find the important topics, types of questions, and the difficulty level of questions that are asked from each subject of Phase 2.

RBI Grade B Phase 2 Syllabus

The RBI Grade B Phase 2 comprises three papers: 

Paper 1: Economic and Social Issues

Paper 2: Descriptive English (Writing Skills)

Paper 3: Finance and Management

Below, we have provided an overview of the syllabus for each paper of RBI Grade B Phase 2, allowing you to tailor your preparation strategy accordingly.

Syllabus for Economic and Social Issues (ESI)

Here is the detailed ESI syllabus for RBI Grade B Phase 2:

• 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.

Click here to Download the RBI Grade B Phase 2 ESI Syllabus in PDF . 

Here is a video explaining the ESI Syllabus for the RBI Grade B Phase 2 Exam.

PYQ Analysis of RBI Grade B Phase 2 ESI

Below is the analysis of objective and subjective questions of RBI Grade B Phase 2 ESI:

Economic and Social Issues: Objective PYQ Analysis 

We have analysed the year-wise trend of the number of objective questions asked from each Economic and Social Issues topic to help you identify the most important objective topics and the difficulty level.

Economic and Social Issues: Subjective PYQ Analysis 

We have analysed the year-wise trend of the number of subjective questions asked from each topic of Economic and Social Issues to help you identify the most important subjective topics and the difficulty level.

After analysing the number of questions asked from each topic of Economic and Social Issues in the past years, we have identified the important objective and subjective topics.

Important ESI Topics for RBI Grade B Phase 2

Based on our analysis, here are the most important ESI topics:

ESI (Objective)

Here are the most important topics for the ESI objective:

• Measurement of Growth
• Fiscal Policy
• Monetary Policy
• Balance of Payment
• Poverty Alleviation & Employment Generation
• Sustainable Development & Environmental Issues
• Industrial & Labour Policy, Industrial Development
• International Economic Institutions
• Union Budget
• Economic Survey

ESI (Subjective)

Here are some of the important chapters based on the previous years’ question papers analysis:

• Growth and Development – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental Issues.
• Indian Economy –Monetary Policy– Priorities and Recommendations of Economic Survey and Union Budget – Industrial Developments in India- Indian Agriculture.
• Globalization –Export-Import Policy
• Social Structure in India – Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice; Positive Discrimination in favour of the underprivileged – Social Movements  –  Indian political System – Human Development – Social Sectors in India, Health and Education.

Here is a video on important chapters & topics of ESI RBI Grade B.

After understanding the important topics, let’s take a look at their difficulty level.

RBI Grade B Phase 2 Economic and Social Issues Difficulty Level  

Below is the objective and subjective difficulty level of RBI Grade B Phase 2 ESI:

Economic and Social Issues Phase 2 Objective Difficulty Level

The table below contains the year-wise distribution of easy, moderate, and difficult questions out of the total number of objective Economic and Social Issues questions from 2019 to 2023. Understanding the difficulty level of questions helps you tailor your approach, prioritise topics, and fine-tune your preparation strategy. 

Economic and Social Issues Phase 2 Subjective Difficulty Level

The table below contains the year-wise distribution of easy, moderate, and difficult questions out of the total number of subjective Economic and Social Issues questions from 2021 to 2023. Understanding the difficulty level of descriptive questions helps you tailor your answer writing approach to fine-tune your preparation strategy. 

After getting familiar with the difficulty level, let’s understand the type of Economic and Social Issues questions asked in the RBI Grade B Phase 2 exam.

Types of Economic and Social Issues Questions

Understanding the types of questions helps you identify the level and formats of Economic and Social Issues questions asked in the RBI Grade B Phase 2. It ensures you are thoroughly prepared for all ESI question types encountered in the exam. 

Below, we have explained the type of questions asked from each important topic of Economic and Social Issues in the RBI Grade B Phase 2:

Below are the types of objective Economic and Social Issues questions asked in the exam.

1. Measurement of Growth

Question 1: Which of the following terms denotes the average income earned by a person in India?                              

• GDP per capita  
• Per capita income  
• Personal income  
• Personal Disposable Income  
• None of the above 

Question 2: GDP deflator is defined as __________ 

• Nominal GDP multiplied by price level.  
• Nominal GDP minus Real GDP.  
• Nominal GDP divided by Consumer Price Index.  
• Nominal GDP divided by Wholesale Price Index.  
• Nominal GDP divided by real GDP.  

2. Fiscal Policy

Question 1: In general context, which of the following is type of non-Tax revenue?                    

• GST  
• Custom Duties  
• Interest  
• Production Duties  

Question 2: Which of the following constitutes fiscal deficit? 

• Total expenditure 
• Revenue received – total expenditure 
• Loan expenditure 
• Total revenue received + Recovered loan and other receipt – Total Expenditure 
• Total Borrowings 

3. Monetary Policy

Question 1: Under the present Monetary Policy Framework Agreement signed on 20 February 2015, the RBI will be responsible for containing inflation targets at​ ___________   

• 4% (with a standard deviation of 0.5%) ​ 
• 6% (with a standard deviation of 1%) ​ 
• 4% (with a standard deviation of 1%) ​ 
• 4% (with a standard deviation of 2%) ​ 
• 2% (with a standard deviation of 4%)  

Question 2: In the context of the terms ‘repo’ and ‘repo rate’, which of the following statements is/are correct?                           

• “Repo” means an instrument for borrowing funds by selling securities with an agreement to repurchase the securities on a mutually agreed future date at an agreed price which includes interest for the funds borrowed ​ 
• Repo is a money market instrument, which enables collateralized short-term borrowing ​ 
• Repo rate is the rate at which the Reserve Bank of India lends money to commercial banks in India.​ 
• All of the above ​ 
• None of the above ​ 

4. Balance of Payment

Question 1: Which of the following is not accounted for in the capital account under Balance of Payments? 

• Direct Investment ​ 
• External Commercial Borrowing ​ 
• Remittances and Grants
• Portfolio Investment ​ 
• All of the above are accounted for in the capital account under Balance of Payment  

Question 2: The balance of payments is defined as ___________               

• The difference between household spending and income​ 
• The difference between government spending and income ​ 
• A measure of the value of economic transactions between residents of a country and the rest of the world
• The difference between inflation and unemployment ​ 
• None of the above ​

5. Poverty Alleviation & Employment Generation

Question 1: Poverty Gap is defined as___________________                                                          

• Difference between the poverty line and actual income level.  
• Gap between rich and poor.  
• Gap between developed nation and developing nation. 
• Difference between the poverty line and median income level.  

Question 2:  Swarnajayanti Gram Swarozgar Yojana has been restructured and launched as_______?  

• Deen Dayal Antyodaya Yojana – National Livelihoods Mission  
• Pradhan Mantri Adarsh Gram Yojana  
• Prime Minister’s Employment Generation Programme
• Mahatma Gandhi National Rural Employment Guarantee Scheme  
• None of the above  

6. Sustainable Development & Environmental Issues

Question 1: The report titled “World Resources Report: Creating a Sustainable Food Future” has been issued by which of the following organizations?

• World Bank 
• UN Environment Programme 
• UN Development Programme 
• Both A and B 
• All of the above 

Question 2: As part of the 2030 Agenda for sustainable development, what is the total number of targets to be achieved under the 17 SDGs? 

• 189  

7. Industrial & Labour Policy, Industrial Development

Question 1 : Recently the base year of the Index of Industrial Production was revised to 2011-12. Which among the following is/are the reason for revising the base year periodically?

• To capture structural changes in the economy ​ 
• To improve the quality, coverage, and representativeness of the IIP. ​ 
• To bring it in alignment with the base year of other macroeconomic indicators like the Gross Domestic Product (GDP) and Wholesale Price Index (WPI). ​ 
• None of the above

Question 2: Department of Industrial Policy & Promotion (DIPP) (now DPIIT) works under which of the following union ministries?                                                     

• Ministry of Finance ​ 
• Ministry of Heavy Industries and Public Enterprises ​ 
• Ministry of Micro, Small, and Medium Enterprises
• Ministry of Corporate Affairs ​ 
• Ministry of Commerce and Industry ​ 

8. International Economic Institutions

Directions: It is the only global international organization dealing with the rules of trade between nations. At its heart are its agreements, which have been negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible. Its Secretariat is located in Geneva, Switzerland, and has an annual budget of approximately CHF 200 million. 

From the early days of the Silk Road to the creation of the General Agreement on Tariffs and Trade (GATT) and the birth of this organisation, trade has played an important role in supporting economic development and promoting peaceful relations among nations. Decisions in the organisation are generally taken by consensus of the entire membership. 

Question 1:  Which round of talks has resulted into the creation of the organisation mentioned in the given passage? 

• Geneva Round 
• Doha Round 
• Uruguay round 
• Bretton Woods Round 
• Paris Round 

Question 2:  What is the establishment year of the organisation mentioned in the given passage?  

• 1 st October 1995 
• 1 st March 1985 
• 1 st   July 1944
• 15 th January 1975 
• 1 st January 1995 

9. Current Affairs: Reports, Schemes, Union Budget, Economic Survey

Question 1: As per the Annual Report of RBI, Commercial banks remained the largest holders of government securities[including T-Bills and state government securities (SGSs)] accounting for __________ as at end-March 2023.

Below are the types of subjective Economic and Social Issues questions asked in the exam.

Question 1: Explain three government schemes related to poverty alleviation and employment generation. (400 words, 10 Marks)

Question 2: Discuss Monetary Policy and mention in brief at least eight Monetary Policy Instruments. (400 words, 10 Marks)

Question 3: What are the problems being faced by Startup entrepreneurs in tier 2 and 3 cities in India? (400 words, 10 Marks)

Question 4: In the context of UNDP’s Gender Equality Strategy 2022-25 and Gender Social Norms Index for promoting gender equality, what actions can India take toward gender sensitization? (600 words, 15 Marks)

Question 5: “Better migration policies for a prospering World”. Elaborate the statement in light of the recently released World Development Report 2023: Migrants, Refugees and Societies by the World Bank. Also, discuss key recommendations of the Report. (600 words, 15 Marks)

Question 6: In the light of the Report on Currency and Finance released by the RBI, explain:

A) Macroeconomic Effect of Climate Change

B) Three landmark global collaborations on climate change (600 words, 15 Marks) 

Click here to Download the RBI Grade B Phase 2 ESI PYQs in PDF . 

Now that you have understood the types of ESI questions asked in the RBI Grade B Phase 2, let’s learn the important books to prepare for the exam. 

Important Books for RBI Grade B Phase 2 ESI

Here are the important books that can help you cover the RBI Grade B Phase 2 ESI syllabus.

Other Preparation Material 

• Economic and Political Weekly
• The Hindu ePaper 
• The Economist

Other Preparation Material

For current affairs:

• Reports: The Hindu ePaper 
• Schemes: Press Information Bureau Government of India
• ESI Current Affairs: The Hindu ePaper 

Here is a video on the best books for Economics and Social Issues for RBI Grade B.

After getting familiar with the important books, let’s understand the RBI Grade B Phase 2 ESI preparation strategy. 

How to Prepare for RBI Grade B Phase 2 ESI

Follow these below-mentioned strategies to prepare for RBI Grade B Phase 2 ESI:

1. Break the ESI syllabus

ESI is divided into 2 parts: Economic and Social Issues. Out of the total 100 marks, Economics holds a weightage of 40-45 marks, while Social Issues account for 55-60 marks.

2. Understand the ESI Format

ESI is divided into two parts: Objective and Subjective. 

1. Objective: 

It includes two parts: Static and Current Affairs. According to the previous years’ trends, the majority of questions are asked from current affairs such as Schemes, Reports, Union Budget, Economic Surveys, etc.

For the static part, you should cover the important chapters such as:

• Sustainable Development and Environmental Issues

Important Note: When we refer to important topics, we mean that you should give these topics high priority, especially if you have time constraints. However, you should cover every topic mentioned in the RBI Grade B Phase 2 ESI Syllabus, especially social issues. Moreover, the questions asked from the static part are also influenced by current affairs. So, practise your static MCQs with respect to current affairs.

b. Current Affairs

The current affairs in the ESI section are divided into three categories:

• Current Affairs

A comprehensive understanding of schemes, reports, and current affairs is crucial to excel in this paper. For e.g., in a previous year’s exam, RBI asked about “Adarsh Gram Yojana.” Below is the question.

“Question: Which among the following states was not included in the initial pilot phase of the scheme?”

To answer such questions accurately, it’s essential to have a thorough knowledge of the schemes and reports. 

Moreover, the difficulty level of questions asked in the past years has increased, and there were some unexpected questions. For e.g., in 2023, questions are asked on topics such as the India-New Zealand Agreement and the World Bank’s Human Capital Index.

2. Subjective: 

The exam has asked a combination of current and static questions over the past few years. First, you need to understand that the questions are not bookish. You will see application-based questions in the exams to evaluate your analytical ability. 

Let’s take a look at the previously asked questions (2022) and understand how to approach these questions.

• What is meant by economic reforms? Explain all types of reform in economic policies in India from the 1990s till now.?
• What is NBFC? How is it different from a bank? Mention five types of NBFCs registered with RBI.
• Although Urbanization has been spreading to the hinterlands, Casts, and gender discrimination is rampant. In this opinion, how will you justify the protective discrimination policy?
• Rural entrepreneurship: How the hinterland’s young enterprises can solve India’s social challenges?

Now, the first two questions can be answered easily if you have thoroughly read “Economic Reforms” and “NBFC”. However, no book can help you write the next two questions. To answer these types of questions, you need to have a deep understanding of the topic and the ability to express your views in your own words effectively.

How to Score Good Marks in ESI Descriptive

Follow these 7 pillars and make a topic-wise folder.

• Reforms: Understand if any reforms have been done on a particular topic.
• Challenges: Remember the challenges faced in that topic.
• Current Developments: Get an idea of the current developments in that topic.
• Reports/Data/Facts: Understand the data and facts from reports. So, you can quote them in descriptive answers. 
• Social, Economic, Legal, and Political Angles: Understand the social, economic, legal, and political agenda behind any specific initiative.
• Schemes: Understand the schemes regarding that topic. 
• Example: Note the examples you can quote in your descriptive answer.  

Here is a video explaining a step-by-step strategy for preparing ESI for the RBI Grade B exam.

Now that you have understood how to prepare for the RBI Phase 2 ESI, let’s understand the Descriptive English syllabus.

Syllabus for Descriptive English

There is no defined syllabus for Descriptive English, but as per the paper scheme, 3 questions are asked. These 3 questions are asked under the following topics-

• Essay: An essay is asked to be drafted out of 4-5 options (about 400 words).
• Precis Writing: Precis writing is to be done in about 140 words.
• Reading Comprehension: 4-5 questions based on reading comprehension are asked.

Click here to Download the RBI Grade B Phase 2 Descriptive English Syllabus in PDF . 

PYQ Analysis of RBI Grade B Phase 2 Descriptive English 

We have analysed the year-wise trend of the number of questions asked from Descriptive English from 2019 to 2023 to help you identify the most important topics and the difficulty level.

After analysing the number of questions asked from each topic of Descriptive English in the past years, we have identified the important topics.

RBI Grade B Phase 2: Important Descriptive English Topics

Descriptive English questions can be asked from any of the above-mentioned essay topics. Therefore, it’s essential to cover ESI and Finance and Management syllabus and regularly follow reputable newspapers, news websites, official government portals, and magazines to stay informed about these current affairs topics. 

RBI Grade B Phase 2 Descriptive English Difficulty Level

The table below contains the year-wise distribution of easy, moderate, and difficult questions out of the total number of Descriptive English essay questions from 2021 to 2023. Understanding the difficulty level of descriptive questions helps you tailor your answer writing approach to fine-tune your preparation strategy. 

After getting familiar with the difficulty level, let’s understand the type of Descriptive English questions asked in the RBI Grade B Phase 2 exam.

Types of Descriptive English Questions

Understanding the types of questions helps you identify the level and formats of Descriptive English questions asked in the RBI Grade B Phase 2. It ensures that you are thoroughly prepared for all question types encountered in the exam. 

Below, we have explained the type of questions asked from each topic of Descriptive English in the RBI Grade B Phase 2.

Question 1: Write an essay of about 600 words on any one of the following: (30 Marks) 

1. Climate Change and its economic impacts on developing countries. (ESI Topic) 

2. India’s own digital currency: E-rupee. (Finance topic) 

3. Innovative motivation methods for modern employees aligned with organisation growth. (Management topic) 

4. Multi-linguistic Social Media account for businesses – need? (Current Affairs) 

Question 2: Make a precis of the following passage reducing it to about 180 words, and also, give it a suitable title. ( 30 Marks)

In what became the first celebration of International Women’s Day in 1911, more than a century ago, women worldwide gathered to fight for their right to education, work, vote, hold public office, and end discrimination. That same year, the first Model-T car rolled off the assembly line, and the ComputingTabulating-Recording Company was founded, later renamed IBM. Decades later, British mathematician Alan Turing would first question whether machines can think, and the term artificial intelligence (AI) was coined in 1956.

Women’s rights, their economic empowerment, and technology have advanced considerably in the last century. Advances in machine learning, large datasets, and increased computing power have driven AI development in recent years, moving from academic discussions into remarkable real-world applications with real opportunities and challenges for gender equality.

For many, 2022 was the year AI became real. The rise of foundation or general-purpose AI models, including the emergence of very large language models, paved the way for a “generative AI” renaissance, with AI that generates novel content, transposes text-to-video and -image, and offers advanced chatbots accessible to all. AI tools became mainstream with the release of AI model ChatGPT, which reached about 100 million monthly active users in just two months, making it the fastest-growing consumer application in history.

With AI tools already changing work, education, and leisure in significant ways, we must ask: is today’s AI addressing the gender equality issues that have plagued policy makers for decades? While women have gained the right to education, work, vote, hold public office and protection against gender discrimination, technologies play a big part in ensuring those rights are upheld. Are policy makers doing enough to ensure that today’s AI systems do not perpetuate yesterday’s biases?

Although technologies have evolved, some barriers to gender equality and economic empowerment are still much like the ones women faced over a century ago when the world celebrated the first International Women’s Day. In many countries, women still have less access to training, skills, and infrastructure for digital technologies. They are still underrepresented in AI research and development (R&D), while harmful stereotypes and biases embedded in algorithms continue to prompt gender discrimination and limit women’s economic potential.

Today, men are leading most cutting-edge AI companies, while female voices animate most Virtual Personal Assistants (VPAs) and advanced humanoid robots – like Alexa and Siri, or

robots Sophia, Ameca, Jia Jia, and Nadine. This reflects gender biases at home and in the workplace by reinforcing traditional norms of women as nurturers in supporting roles.

New generative AI tools can also produce overtly sexualised digital avatars or images of women while portraying men as more professional and career-oriented. As generative AI and robotics advance, their effects on women’s economic and social equality remain to be seen. 

Question 3: Read the passage given below and answer the following questions on the basis of the passage in your own words.

Some economists argue that businesses are using the cost of living crisis as an opportunity to generate excessive profits. This isn’t just an idle theory. Economists at the European Central Bank (ECB) actually have some statistical evidence to back it up.

You can only learn so much by breaking down the consumer price index, the traditional measure of rising prices (inflation, let’s not forget, is simply the rate at which the prices of the average goods and services we spend most of our money on change each year). That might tell you how much is down to food price inflation but it can’t give you a sense of how much of that given increase in food prices is benefiting workers versus their employers.

Basic economic theory teaches that charging what the market can bear will prompt companies to produce more, constraining prices and ensuring that more people have access to the good that’s in short supply. Say you make empanadas, and enough people want to buy them that you can charge $5 each even though they cost only $3 to produce. That might allow you to invest in another oven so you can make more empanadas — perhaps so many that you can lower the price to $4 and sell enough that your net income.

Tempting as it is to blame businesses for what we’re suffering through, there’s not an enormous amount of evidence from these figures that they are the main culprit. Actually, taxes (in other words the government) contributed much more to inflation in 2021 and into 2022 than business profits. Now, with Britain facing double-digit inflation, a miserable cost of living crisis and rising interest rates, the above might not be of much consolation. And it’s quite possible the numbers may well shift – note that these figures are a little slow to be updated, so we don’t know the picture as of the early part of this year.

There is not much disagreement that many companies have marked up goods in excess of their own rising costs. This is especially evident in industries such as shipping, which had record profits as soaring demand for goods filled up boats, driving up costs for all traded goods. Across the economy, profit margins surged during the pandemic and remained elevated.

Even so, it’s a reminder that the data sometimes tells a subtly different story to the mainstream narrative.

1. How are businesses using the cost-of-living crisis to generate excessive profits? 

2. What is the traditional measure of rising prices?

3. Why is the consumer price index not sufficient to understand the impact on workers and employers?

4. What has contributed more to inflation in recent years, business profits or taxes?

5. In which industries have companies marked up goods in excess of their rising costs?

Click here to Download the RBI Grade B Phase 2 English PYQs in PDF . 

Now that you have understood the types of Descriptive English questions asked in the RBI Grade B Phase 2, let’s learn the important books to prepare for the exam.

Important Books for RBI Grade B Phase 2 Descriptive English 

It is not recommended to buy any separate books for Descriptive English as this part only tests the writing skills of candidates. They should read finance and banking-related articles in magazines and newspapers to improve their writing skills. They can improve their Descriptive English by watching multiple YouTube videos on the topics:

• Essay & Precis Writing
• Answer Writing Practice
• Reading Comprehension
• Tips To Write Descriptive Answers

Watch these videos, learn the basics, and start applying them by practising daily. 

• Press Information Bureau Government of India (for collecting important points for various topics)
• The Hindu ePaper (for building command over language)

After getting familiar with the important books, let’s understand the RBI Grade B Phase 2 Descriptive English preparation strategy. 

How to Prepare for RBI Grade B Phase 2 Descriptive English

Follow these below-mentioned strategies to prepare for RBI Grade B Phase 2 Descriptive English:

1. Understand the Format

Get familiarised with the format of the Descriptive English section, which usually includes essays, precis, and reading comprehension. Learn the technicalities of these writing formats. For e.g.,

• Understand the difference between a precis and a summary.
• Determine whether a precis should include a heading or not.
• Decide whether to use the first or third forms while writing a precis.

2. Build a Strong Vocabulary

A rich vocabulary is crucial for expressing your ideas clearly. Read extensively and learn new words. 

3. Improve Grammar and Punctuation

Brush up on your grammar skills and punctuation rules. Grammatical errors can impact the readability of your writing.

4. Practice Regularly

Read editorials from one financial and one non-financial newspaper and type (not write) answers in your own words because the exam is online. 

Moreover, use Notepad to type instead of MS Word or Google Docs, as auto-correct is not available in Notepad, allowing you to accurately evaluate your mistakes and learn from them. 

Check your mistakes (grammar, punctuation, spelling, etc.) on Grammarly.com .

5. Pay Attention to the Structure

Focus on the structure of essays and letters. Develop a captivating introduction, a detailed body, and a firm conclusion. Make sure your writing flows logically.

6. Develop Content

Understand your topic first and support your ideas with examples, facts, statistics, and relevant anecdotes.

7. Evaluate Yourself

Evaluating your content is crucial to identify your mistakes and areas of improvement.

Here is a video of RBI Grade B 2023 Descriptive English Syllabus preparation strategy.

Now that you have understood how to prepare for the RBI Phase 2 Descriptive English, let’s understand the Finance and Management syllabus.

Syllabus for Finance and Management

Here is the detailed General Finance and Management syllabus for RBI Grade B Phase 2:

a) Financial System

• Structure and Functions of Financial Institutions
• Functions of the Reserve Bank of India
• Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
• Recent Developments in the 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

b) Financial Markets

• Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.

c) 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 the 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.

d) Management

• 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.

Here is a video of the Finance and Management syllabus for the RBI Grade B Phase 2 exam.

Click here to Download the RBI Grade B Phase 2 Finance and Management Syllabus in PD F . 

PYQ Analysis of RBI Grade B Phase 2 Finance and Management 

Below is the objective and subjective analysis of RBI Grade B Phase 2 Finance and Management:

Finance and Management Objective PYQ Analysis Phase 2

We have analysed the year-wise trend of the number of objective questions asked from each topic of Finance and Management from 2019 to 2023 to help you identify the most important objective topics and the difficulty level.

Finance and Management Subjective PYQ Analysis Phase 2

We have analysed the year-wise trend of the number of subjective questions asked from each topic of Finance and Management to help you identify the most important subjective topics and the difficulty level.

After analysing the number of questions asked from each topic of Finance and Management in the past years, we have identified the important objective and subjective topics.

RBI Grade B Phase 2: Finance and Management Important Topics

Based on our analysis, here are the most important Finance and Management topics:

Finance (Objective)

Here are the most important topics for finance objective:

• Primary and secondary markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.
• Risk Management in the Banking Sector
• 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
• Monetary and Fiscal Policy  
• Who Regulates What? (Regulator of Banks and Financial Institutions)
• RBI Notification (Past 6 months)
• News related to SEBI – Capital Markets 
• News Related to Ministry of Finance

Finance (Subjective)

• Corporate Governance in the Banking Sector, the role of e-governance in addressing issues of corruption and inefficiency in the government sector.

Management (Objective)

Here are the most important topics for management objective:

• Communication
• General Management
• Emotional Intelligence
• Personality and Perception 
• Organizational Change and Reinforcement
• Corporate Governance

Management (Subjective)

• Organizational Change & Reinforcement

Check out the video explaining the important topics and chapters of Finance and Management for the RBI Grade B exam.

RBI Grade B Phase 2 Finance and Management Difficulty Level  

Below is the objective and subjective difficulty level of RBI Grade B Phase 2 Finance and Management:

Finance and Management Phase 2 Objective Difficulty Level

The table below contains the year-wise distribution of easy, moderate, and difficult questions out of the total number of objective finance and management questions from 2019 to 2023. Understanding the difficulty level of questions helps you tailor your approach, prioritise topics, and fine-tune your preparation strategy. 

Finance and Management Phase 2 Subjective Difficulty Level

The table below contains the year-wise distribution of easy, moderate, and difficult questions out of the total number of subjective finance and management questions from 2021 to 2023. Understanding the difficulty level of descriptive questions helps you tailor your answer writing approach to fine-tune your preparation strategy.

After getting familiar with the difficulty level, let’s understand the type of Finance and Management questions asked in the RBI Grade B Phase 2 exam.

Types of Finance and Management Questions

Understanding the types of questions helps you identify the level and formats of Finance and Management questions asked in the RBI Grade B Phase 2. It ensures that you are thoroughly prepared for all FM question types encountered in the exam. Below, we have explained the type of questions asked from each important topic of Finance and Management in the RBI Grade B Phase 2:

Below are the types of objective Finance questions asked in the exam.

1. Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments.

Question 1: Choose the right statement about Primary and Secondary Markets?  

• Primary Markets Cater to new Issues of Capital whereas Secondary Markets Caters to new Issues of Debt  
• Primary Markets Cater to new issues of Capital whereas Secondary Markets Caters to transfer of ownership among the existing Owners or from existing to new Owners  
• Primary Markets Cater to transfer of ownership among existing owners whereas secondary markets cater to transfer from ownership from existing to new Owners
• Primary Markets Cater to new Issues of Debt whereas Secondary Markets Caters to new Issues of Equity  
• None of the Above

Question 2: If 1:1 Bonus issue is given then what would be the impact on Tangible Net worth? ​  

• Tangible Net Worth would increase 
• Tangible Net Worth would Decrease
• Tangible Net Worth would increase/Decrease depending on how the bonus issue is financed 
• Tangible Net Worth would remain the same

2. Risk Management in the Banking Sector

Question 1: In Banking Sector, Market risk arises mainly due to _____________ ? 

• Political factors 
• External factors 
• Natural calamities 
• Internal factors 

Question 2: Operational Risk in an organization arises from which of the following reasons? 

• New regulatory norms 
• Inadequate internal control process 
• Inadequate external control process 
• Strict internal control process 

3. 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

Question 1: Which of the following phenomenon includes High inflation & high unemployment?

• Hyperinflation 
• Deflation 
• Disinflation 
• Stagflation 

Question 2: The base year for the Revised series of WPI is _________________? 

• 2010-11 
• 2011-12 
• 2013-2014 
• 2009-2010 
• 2012-2013 

4. Basics of Derivatives

Question 1: Derivatives are financial instruments to hedge risk. It derives its value from which of the following? 

• Exchange determined 
• Fixed by SEBI 
• Underlying 
• Market determined  
• ​​None of the above

Question 2: Which of the following risk can be eliminated by derivatives? 

• Market risk 
• Systematic risk 
• Systemic risk 
• Interest rate risk 

5. Functions of the Reserve Bank of India

Question 1: Which of the following institution is also known as lender of last resort? 

• HDFC Bank 
• NABARD  

Question 2: The Reserve Bank of India (RBI) pays interest on the CRR balance to the banks at _______?  

• 2% above repo rate  
• Repo rate  
• 2% below bank rate
• Bank Rate  
• No interest is paid on the CRR balance

6. Monetary and Fiscal Policy  

Question 1: Who is responsible for conducting monetary policy in India?

• Ministry of Finance
• Department of Financial Services
• Department of Economic Affairs
• Reserve Bank of India

Question 2: Which among the following is/are tasks of Monetary Policy Committee?

a) Devise policy rate while maintaining price stability

b) Fixing the benchmark policy rate (repo rate)

c) Containing inflation within the specified target level

d) Devising mechanism for implementing fiscal policy

Select the correct answer from following options:

• Only a, c and d
• Only a, b and c
• All are correct

7. Who Regulates What? (Regulator of Banks and Financial Institutions)

Question 2: Udaymi Mitra Portal launched by SIDBI is for________________ ? 

• Large Scale Industries 
• Small and Medium Enterprises 
• Rural Industry 
• Automotive Industry 

  Question 2: Which of the following statement is/are true? 

• SEBI is the regulator of commodity markets 
• RBI is the regulator of NBFCs 
• SEBI is the regulator of Capital Market ​ 

Which of the above statements are true ?

• Only I 
• I and III only 
• I, II and III 
• II and III only 

8. Current Affairs: RBI Notification (Past 6 months), News related to SEBI – Capital Markets, News Related to Ministry of Finance, Union Budget

Question 1: The Union government, in consultation with the RBI, fixes the inflation target for the central bank every five years. The Upper Tolerance level of Inflation is ____________ and in case of breach of the upper tolerance for ___________ quarters the report has to be submitted by RBI.

A. 4.0%, three consecutive quarters

B. 5.0%, two consecutive quarters

C. 6.0%, two consecutive quarters

D. 6.0%, three consecutive quarters

E. 5.0%, three consecutive quarters

Below are the types of objective Management questions asked in the exam.

1. Motivation

Read the following paragraph and answer the question that follows.  

Motivation is the driving force that compels individuals to act and pursue goals, stemming from internal desires or external incentives. It energizes behavior, directing efforts toward achieving objectives and satisfying needs, influencing performance and satisfaction in various aspects of life. 

Two eminent contributors to the field of motivation are Abraham Maslow and David McClelland. They have identified specific workplace motivational needs. In this context, David McClelland proposed ______”X”______ motivating elements, while Maslow presented the hierarchical structure of the need pyramid. Their seminal work has significantly advanced the understanding of human motivation in organizational settings. 

Question 1: Identify “X” from the following given options . 

Question 1: With regards of the above paragraph, if an employee is currently at the Physiological needs, then what will be the highest level as per Maslow motivational theory.  

• Safety Needs 
• Security Needs 
• Belonginess Needs
• Self Esteem Needs
• Self-Actualization Needs

2. Leadership

Question 1: The managerial grid theory on which the Reddin model is based, was given by which of the following personalities? 

• Tannenbaum and Schmidt 
• Blake and Mouton 
• Huneryager and Heckman 
• Hersey & Blanchard 

Read the following paragraph and answer the question that follows

Leadership is the process of guiding and influencing individuals or a group to achieve shared goals. Effective leaders inspire and motivate others, foster collaboration, and make strategic decisions. Leadership involves traits like communication, empathy, vision, and adaptability, empowering people to realize their potential and achieve collective success. 

Kurt Lewin, a psychologist, made significant contributions to the study of leadership through his research on group dynamics and social psychology. 

Question 1: Which of the following are the three leadership styles introduced by Kurt Lewin in 1930? 

• Autocratic, Democratic, and Equity 
• Autocratic, Democratic, and Laissez-faire. 
• Autocratic, Delegative, and Equity
• Power, Democratic, and Equity 
• Autocratic, Democratic, and Supportive 

3. Communication

Directions: Read the following Paragraph and answer the questions that follow.  

Rohan’s career journey was full of changes, trying out different roles. However, poor communication always held him back. Despite his skills, he felt the need to conquer this obstacle for true success. Like Rohan, many people face multiple barriers to the communication process, some of them are listed below –   

• Misunderstanding due to translation error caused by to lack of proficiency of translator in both languages. 
• Lack of confidence of subordinates to communicate and give feedback to superiors. 
• Rules and regulations hindering the communication and Complexity in Organizational structure 
• Lack of time due to a pre-occupied mind 

Lastly, Rohan can improve his communication skills through several steps. Firstly, he should actively listen to others and be open to feedback. Practicing clear and concise expression will help him articulate his ideas better. 

Question 1: With regards to the above-mentioned passage, which of the following is/are example of personal barriers in the communication process. 

• Only A  
• Only B  
• Only C and B  
• Only A, B and C  
• Only B and D 

Question 2: Identify the barriers of communication, wherein the person (Sender or Receiver) is unable to translate the language in the required manner. 

• Personal Barriers  
• Semantic Barriers  
• Organizational Barriers
• Emotional Barriers  
• Psychological barriers  

4. General Management

Question 1: Which of the following theory suggests to make communication in an organization, based on Hierarchy and communication should be highly structured and it should be formalized too? 

• Frederick Taylor – Theory of Scientific Management 
• Henri Fayol – Administrative Management Theory 
• Max Weber – Bureaucratic Theory of Management 
• Elton Mayo – Behavioral Theory of Management  
• None of the above  

Question 2: Under which method, the communication flows from top to bottom in an Organization?  

• Scalar Chain  
• Vertical command  
• Line of Authority
• Communication line 
• None of Above 

5. Emotional Intelligence

Question 1: According to Johari Window, Quadrant known to self but not known to others is called as_____________?                                                     

• Blind 
• Hidden 
• Unknown 
• None of above 

Question 2: In the field of Management, ____________________ describes the difference between true and exposed emotions.           

• Perception Defense  
• Emotional Intelligence  
• Cognitive Dissonance
• Emotional dissonance 
• Emotional Management  

6. Personality and Perception 

Question 1: In an organization, an employee is reliable, dependable, goal-oriented, and cooperative. Which of the following personality of the employee is reflected as per Big Five Personality Model?                                                        

• Agreeableness 
• Conscientiousness 
• Emotional Stability 
• Extroversion 

Question 2: As per OCEAN model, if a person is organized, self-disciplined and he or she is achievement oriented, then which of the following personality trait can be associated to him or her?                                                    

• Openness 
• Extraversion 
• Agreeableness
• Neuroticism 

7. Conflict

Question 1: Bargaining technique wherein employees’ bargain for bonus which is completely related to productivity, such bargaining is called as ____________________?

• Collective Bargaining 
• Composite Bargaining 
• Co-operative or Integrative Bargaining 
• Conjunctive or Distributive Bargaining  
• Productivity Bargaining 

8. Organizational Change and Reinforcement

Question 1:  __________refers to the actions in which a company or business alters a major component of its organization, such as its culture, the underlying technologies or infrastructure it uses to operate, or its internal processes.           

What is the name of the second stage of Kurt Lewin’s organizational change model?  

• Development

Question 2: In which stage of the Lewin Change Management Model, we see reinforcement strategies practiced by the management? 

• Change  
• Un-freezing  
• Re-Freezing

9. Corporate Governance

Read the following Paragraph and answer the questions which follows

Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental. 

To engage in CSR means that, in the ordinary course of business, a company is operating in ways that enhance society and the environment instead of contributing negatively to them. 

According to SEBI, Companies eligible for CSR shall constitute a Corporate Social Responsibility Committee of the Board consisting of _____”A”_______ or more directors, out of which at least ______”B”_______ shall be an independent director.

  Question 1:  Identify “B” from the following given options.  

Question 1:  Identify the theory of corporate governance, which is based on the perception that a corporation for its effective function has to forge a number of relations with different people/institutions including suppliers, consumers, employees, government.

• Steward Ship Theory  
• Stakeholder Theory  
• Agency Theory
• Feedback Theory 

10.  Ethics

Question 1: Which of the following theories of ethics, focusses on consequences of greater good and evil?  

• Teleological Theory of Ethics
• Deontological Theory of Ethics
• Virtue Ethics
• Ethics-Justice Theory

  Question 2: Generally, _____________ is the principle which focusses on the kind of value which displaces concerns of others .

• Distribution  
• Justice  
• Right  
• Entitlements  

Finance and Management (Subjective)

Below are the types of subjective Finance and Management questions asked in the exam.

Question 1: What is Open Network for Digital Commerce (ONDC)? How it will beat other e-commerce giants like Amazon and Flipkart (400 words, 10 marks)

Question 2: What is a code of conduct? How it is implemented in an organization (400 words, 10 marks)

Question 3: RBI has Allowed Pre-Sanctioned Credit Lines Via UPI. How is it a step towards financial inclusion? (400 words, 10 marks)

Question 4: What is the contribution of Henry Fayol in the field of management? Also, explain fourteen principles of management as given by him? (600 words, 15 marks)

Question 5: Discuss the big-five model of personality. (600 words, 15 marks)

Question 6: Briefly explain the Retail direct scheme of the Reserve Bank of India (RBI)? (600 words, 15 marks)

Click here to Download the RBI Grade B Phase 2 Finance and Management PYQs in PDF . 

Now that you have understood the types of Finance and Management questions (Objective and Subjective) asked in the RBI Grade B Phase 2, let’s learn the important books to prepare for the exam.

Important Books for RBI Grade B Phase 2 Finance and Management

Here are the important books that can help you cover the RBI Grade B Phase 2 Finance and Management syllabus.

• FAQs on the RBI Website
• RBI Website
• Investopedia Website
• Principles and Practice of Management by TN Chhabra

Important Note: No current affairs are asked in the exam from the management section, so the above-mentioned RBI Grade B management books are sufficient for preparation.

Here is a video explaining books for RBI Grade B Finance and Management.

After getting familiar with the important books, let’s understand the RBI Grade B Phase 2 Finance and Management preparation strategy. 

How to Prepare for RBI Grade B Phase 2 Finance and Management

Follow these below-mentioned strategies to prepare for RBI Grade B Phase 2 Finance and Management:

1. Break the Finance and Management Syllabus

Finance and Management subjects consist of a maximum of 50 marks each. Here, achieving 40 to 45 marks in Management and 35 to 40 marks in Finance is possible if you prepare well for the exam.

2. Understand the Management Format

Management is divided into two parts: Objective and Subjective. 

a. Objective

1. read all chapters.

Although we have mentioned important chapters above in the article, it is important for you to read all the chapters mentioned in the RBI Grade B Phase 2 Management syllabus. If you are targeting 40 to 45 in Management, you can not take the risk of leaving any chapter. 

2. Practice MCQs

You must practise as many MCQs as possible. It helps you identify your strengths and weaknesses across different topics, allowing you to improve in areas requiring more attention. 

3. Practice Case Studies

Practise some case studies, as some questions were asked from case studies in the 2023 exam. 

Please note that you must revise after completing 3 to 4 chapters to reinforce your understanding.

b. Subjective

1. practice writing descriptive answers from object topics.

Easy questions are asked from the subjective section of Management. You don’t need to prepare separately for the descriptive part. You can practise the objective topics for your answer writing practice as questions are directly based on objective topics such as communication and corporate governance. 

2. Give Examples in Your Writings

However, if you want to score well, you need to give some good examples in your descriptive answers. For e.g., when answering a question on conflict, avoid presenting generic theories. Instead, include real-life examples within an organisational context to enhance the depth and impact of your answer. 

Just like revising objective sections, recalling the topics you’ve studied is crucial to retaining the information in your memory. This process helps retain the key concepts, ensuring you can easily incorporate them into your descriptive answers.

3. Understand the Finance Format

Finance is divided into two parts: Objective and Subjective. 

1. Prioritise Essential Chapters

When preparing for the Finance objective, it’s vital to focus on crucial topics first, as mentioned above in the article. Moreover, if time permits, you can cover the remaining topics.

2. Stay Updated on Current Affairs

Stay well-informed with Finance current affairs by referring to RBI notifications, supplemented by SEBI and Ministry of Finance notifications for comprehensive coverage.

3. Practice Numericals

Please note that, in the past two years, no numerical questions have been asked in the exam. However, RBI has added some new chapters to the Grade B Phase 2 syllabus, such as income statements, balance sheets, ratios, etc. Therefore, incorporating numerical practice is advisable for a well-rounded preparation.

1. Practice Current Affairs Questions

Practise your descriptive writing answers from the topics mentioned above in the article. Additionally, integrate current affairs topics into your practice, covering areas like.

• Financial Stability Report (FSR)
• RBI Annual Report
• Reports in Trends in Banking Industries
• Economic Surveys

Here is a video of the Finance and Management syllabus preparation strategy for RBI Grade B exam.

In this article, we have covered the detailed RBI Grade B Phase 2 syllabus for each subject. Our coverage includes insightful trend analysis, important topics, recommended sources for preparation, types of questions, and strategies to effectively prepare for each subject. Gaining a deep understanding of the syllabus allows you to create a tailored preparation strategy to crack the RBI Grade B Phase 2.

No, the RBI Grade B syllabus is different from the NABARD Grade A exam. While there are some similarities between the RBI Grade B and NABARD Grade A syllabus, they also have distinct differences. Both exams cover general awareness, economic and social issues, and finance-related subjects. However, the depth, focus areas, and specific topics may vary.

Prioritise subjects based on your strengths and weaknesses. Create a study schedule allocating dedicated time to each subject daily.

Focus on RBI notifications, SEBI notifications, and Ministry of Finance notifications to stay updated on Finance current affairs.

While the core structure of the RBI Grade B Phase 2 syllabus remains the same, the topics are subject to changes. RBI recently updated the syllabus of the RBI Grade B Phase 2 in 2023. Read our article “ RBI Grade B 2024 Pattern and Syllabus ” to understand the old and new syllabus in detail.

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20 Most Important Essay Topics for RBI Grade B Exams | RBI Grade B Essay Topics Download PDF | Essay for RBI Grade B Exam

Essay for RBI Grade B Bank Exam : RBI Grade B Phase 2 Exam is scheduled to be held in August and September 2023 which consist essay and letter writing paper. Here we have compiled a list of 20 most important essay topics for RBI Grade B exam which consists all important essay topics and current topics. These essays are very helpful for the students preparing for RBI Grade B Exam and other Banking exams. Lets see 20 most important essay topics for RBI Grade B Exam.

20 Most Important Essay Topics for RBI Grade B Exams

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• Cryptocurrency and India:  Read Here
• Azadi Ka Amrit Mahotsav:  Read Here
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• Ram Mandir Pran Pratishtha: A Resolution to Ramrajya:  Read Here
• Advantages and Disadvantages of Online Classes:  Read Here
• Corona and its impact on Human Life:  Read Here
• Raising Legal Age of Marriage for Women:  Read Here
• Uniform Civil Code:  Read Here
• Electronic Vehicles: The Future of Transport:  Read Here
• E-Learning: The Future of Education System:  Read Here
• Social Media Addiction:  Read Here
• Importance of Education:  Read Here
• Women Empowerment:  Read Here
• Role of Students in Eradication of Drugs:  Read Here
• Advantages and Disadvantages of Internet:  Read Here
• Impact of Poverty on Education:  Read Here

You can also read these important essays for RBI Grade B exam by opening the topic. You can also download PDF of these essays for bank exams from here .

Essay for RBI Grade B Exams

• Green Growth
• Non-performing Assets (NPA)
• Single Use Plastic Ban
• Commonwealth Game 2022
• Importance of Free and Fair Election
• Azadi Ka Amrit Mahotsav
• Envisioning India @2047
• Cryptocurrency
• 40 Essays in PDF format for Banking Exams: Download Here
• Water Crisis in India
• Meri Mati Mera Desh
• Unemployment
• Plastic Waste Management
• Why Population Control is Necessary
• Importance of Human Rights
• Global Warming
• Online Shopping
• Importance of Trees
• Human Trafficking
• Online Classes Vs Offline Classes
• Natural Disaster

These are also msot  important essay topics for RBI Grade B exam  Descriptive Paper. You can also read these essay for RBI Grade B Exam by clicking on the essay topics. Hope you liked these important essay topics for RBI Grade B exam and it helped you in your exam preparation.

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RBI Grade B Essay Writing Tips

The essay section in the RBI Grade B exam is a tricky aspect. You need to describe it properly with the start, middle and end. But, at the same time, you need to be quick as well.

Essays can consume a substantial amount if you do not manage time earlier practising to write essays on various topics. In this article, let’s understand what an ideal  RBI Grade B exam-specific essay looks like.

Tips for RBI Grade B Essay writing section

• One has to have an improved pace in writing an essay. As soon as you get the topic, read the topic and think about its potential theme for a few minutes. Post that, make a list of pointers that you will write and then later elaborate on these points. This way, you will have a basic framework for an essay.
• An Essay comprises three parts – introduction, body and conclusion. So, one must not miss any part.
• It is recommended to start with the positive aspect of the topic. State its advantages and mention how it is helpful for the community or the potential gainers.
• Refrain from criticizing the policies of the Government/RBI, and do not write biased content.
• Try and always support your writing with some examples from the past, or you can even give some statistics to support your answer.
• Avoid using complex terminologies that would need a person to sit over them and comprehend them. The essay should be clear, well-written and should be self-explanatory.
• Continue with the theme set in the above para. Use some facts/figures/data if you have any. Try to stick to the topic and avoid digressing from it.
• As far as the conclusion is concerned, provide your views related to the topic by giving a solution to the problem you are addressing, if any.
• Strictly adhere to the word limit.
• Keep up with current happenings around you so that you have a thorough understanding of any given issue and can write effectively.
• Try to communicate your thoughts on the issue in the last paragraph by suggesting a solution to the problem or detailing the hurdles and methods to overcome them.

How to write an impactful essay in the RBI Grade B exam?

Step 1: Create a rough version that includes all of the factual information about the issue that you can recollect.

Step 2: Create a logical structure combining all of the points that should have a clear beginning in the form of an introduction, a middle or body of the essay elaborating on the topic, and a finish that contains a conclusion and suggestions, if necessary.

Step 3: Now that you have a framework in place, begin writing your essay while keeping the word restriction in mind. To get started, write something impactful and thought-provoking lines that can help you improve your writing abilities and make the essay more reader-friendly. The opening sentence should be attention-grabbing and interesting to hold the attention of the reader till the end.

Step 4: When composing the essay, avoid using too many complicated sentences. Write clear, concise, grammatically accurate, and understandable phrases.

Step 5: Proofread your essay once after completion to check for any errors and issues.

Follow these tips on RBI Grade B essay writing and score qualifying marks and rank in the exam.

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20 Most Important Essay Topics for RBI Grade B Exam

Hello Students, We hope that your RBI Grade B preparations are going on with full swing. In this article, we will tell you the 20 most probable essay topics for the RBI Grade B 2018 exam. An essay is one of the most important section of RBI Grade B English paper and you are required to write a 200 words essay (as per latest format) during RBI Grade B English exam.

Analysis of past year RBI Grade B Essay

In RBI Grade B 2018, following topics were asked in essay: 

1) Financial Literacy 2) Positives and Negatives of Demonetization 3) Unified Payment Interface 4) Micro Finance Institutions

Did you know you need to follow RBI Grade B books from both CAT and SSC CGL/PO books. Check our RBI Grade B live course

In 2017, students were asked to write an essay on the following topics.

a) Nuclear Power Plant

c) Digitization and Ransomware

d) Merger of SBI

e) Centralization of Higher Education

As you can see, majority of RBI Grade B essay topics cover finance and economics sector.

Non-Performing Asset is one of the most talked things in India from last 2 years. India’ NPA graph is surging due to various reason few among them are Slowing down of Indian Economy, Non-discriminated Lending by Banks, Political influences in banking, RBI stringent AQR et.al. This problem can actually sink our banking sector, and thus create havoc to the economy.

Lots of SBI associate banks were merged with SBI to create a bigger unified SBI. This impacted directly to public as well to the banks

Digitization and Ransomware – As the world is getting global, the problem of e-fraud is increasing day by day. E-security is much talked about feature these days.

Did you know there is no standard RBI Grade B books , as syllabus is mostly related to current part. Check our RBI Grade B video course details.

Nuclear Power Plant – Indian government gave big push to nuclear energy when it approves 10 new power plants in 2017. India being power deficient need to find new sources of clean and cheaper energy, and nuclear power can help us in this.

20 most probable essay topics for RBI Grade B English

We have compiled list of most probable essay topics for RBI Grade B English. This list is compiled after researching most important news and events in recent times.

Most probable essay topics in Banking and Finance for RBI Grade B 2019

1. insolvency and bankruptcy code.

This is one of the biggest reforms in Indian banking sector which aims to target NPA, and develop a mechanism to early identification of stressed assets.

2. FRDI bill

The Financial Resolution and Deposit Insurance bill were pitched by the Lok Sabha in August 2017, with the sole intention of protecting financial institutions from going bust and bringing in orderly regime in financial firms. There are many concerns among general public among clause of possible losing out of money in case of bank closure.

3. Crypto-currency

RBI has recently banned cryptocurrency in India. Is cryptocurrency a need of an hour. Are govt is putting too much regulations over our money.

Most probable essay topics in Government Schemes for RBI Grade B

4. doubling farmer income.

Modi govt is focussing a lot of increasing farmer income in next 5 years. Various ministries (Agriculture, Rural Development, Fisheries, Horticulture etc) are working solely on this mission.

See what different steps are taken by govt to double farm income: https://youtu.be/qb7x84PS4mk

5. 100 percent electrification

India recently covered the last mile in 100% electrification drive. But, there is more requirement for providing 24×7 power and introducing clean fuel and over-dependence on petroleum products.

6. Modicare (National healthcare protection scheme)

One of the highlight of budget 2018 was universal health scheme also called Modicare. This scheme aims to provide cheap medical facilities to lacs of Indian

7. Skill development initiative

India produces largest graduates every year, but a bulk of them are unemployable due to the poor education system. Union govt is working hard to skill and train them, and they make them a productive citizen.

Most probable essay topics in Agriculture and Rural Sector for RBI Grade B

8. minimum support prices issues.

Important topics- operation green, USA sanctions

In Budget 2018, a new scheme “operation green” was launched. This includes providing an MSP for crops like potato, onion and tomatoes.

9. Dairy farming boost

Work with Israel, new credit schemes in budget

Animal husbandary is in prime focus recently, as Modi govt is focussed towards doubling farm income. Various schemes were introduced in budget 2018. With easy credit availability and new husbnadary technique (in collaboration with Israel) ,we will see a major jump in future

Most probable essay topics in Business and Economy for RBI Grade B

10. disinvestment in sector like aviation, defense.

Union govt has been planned to divest 100 percent government stake in Air India Express (AIXL) and 50 percent in AISATS.

Similarly, the government has disinvested majorly in its defense sector and opened it for private sale.

11. Multi-brand retail stores

Walmart recently bought 77% stakes in Flipkart at whopping 17 billion dollars deal. Indian online retail sector is now a direct fight between two American giants (Walmart vs Amazon). Will small time retailers will feel the inch. Will, there be any policy changes with regards to international players in Indian market

12. Ease of doing business in India

India has improved 30 spots in Ease of doing business. With stronger insolvency and bankruptcy law, it will further improve this cause

13. GST reforms and its challenges

GST is a major tax reform done in recent time. Being a new system there were lot of hiccupts initially, and with new e-way bill it is giving an end to end picture of supply chain. This system will improve our tax collection in coming future

Most probable essay topics in Ecology and Environment for RBI Grade B

14. water sharing issues like cauvery.

Water has been cause of enmity among multiple states (Punjab-Haryana, Karnataka-TN and many more). It has become political fodder, and this issue is the cause of several unrest and violences across India. There is a need of finding a definite mechanism for resolving such conflicts.

15. Deforestation and climate change

Topics: depleting forest reserve, Delhi pollution

India has been witnessing a severe early winter smog over northern plains (primarly due to stubble burning).

India forest cover is depleting, and there is an urgent need to do something.

topics in Education and Technology for RBI Grade B

16. e-literacy.

India has seen a growth in online education in the recent year. Easy and cheap internet, smartphones has propelled this drive. India need to strength this medium of communication to use in the implementation of several schemes.

17. Block Chain Technology

Block Chain Technology is not only about the Bitcoins. There other potential use of this technology where record maintenance is important.  Government is going to set up a committee to understand its potential use.

18. Artificial intelligence and the way forward

Companies are investing heavily in artificial intelligence, and many human functions are now done through robots and softwares.

Most probable essay topics in International and Misc for RBI Grade B

19. aadhaar card and right to privacy.

With present government linking aadhaar card details with everything, there have been concerns raised by the public regarding data breach, identity theft and moreover right to privacy

20. Going towards De-globalization

WTO losing its influence as can be noticed from no substantial outcome out of 11 th MC committee. Also, some countries (including India, USA) getting more interesting into the Regional Trade Agreement, which is not good for the world as a whole.

We have concluded list of 20 most probable essay topics for RBI grade b 2018. We will update on few more topics in coming time. Furthermore, you can submit your essays to us, and our team will give you personal feedback and necessary improvement tips.

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RBI Grade B Preparation Strategy 2022 – Important Topics & Tips for Phase 1 & 2

RBI Grade B officer post is one such post that is aspired by many but only a few who toil hard manage to get it. They say, “Work hard in silence and let your success make the noise” . But in these times of cut-throat competition, in addition to the hard work that one puts into the preparation for the Grade B exam, we would emphasize that smart study is equally important. One must know what to study , how to study   when to start the preparation, and, most importantly, what  study material to follow . Let us understand here what strategy one needs to follow to complete RBI Grade B Exam Preparation 2022 for Phase 1 and Phase 2.

RBI Grade B Preparation Strategy 2022

I. facts & learnings from  rbi gr. b 2021 exam.

Before starting let’s take a look at the learnings from the RBI Grade B 2021 exam.

II. What & How to Study?

Here is the RBI Grade B 2022 Preparation Strategy for each of the Phases. But first, let us skim through the exam pattern.

1. RBI Grade B Exam Pattern: Phase 1 (Online Examination – Objective Type)

Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase 2 of the examination based on the aggregate marks obtained in Phase 1.

2. RBI Grade B Phase 1 – Important Pointers & Preparation Strategy

i. The key section will be the General Awareness section.

Keep reading the daily current affairs & revising them weekly. The last 6 months of current affairs before the notification are important. Having said that, the three months before the exam will be of utmost importance.

Revision is the key.

Remember your overall scores in phase 1 can be boosted by increasing the GA scores.

ii. Practise is important for the sections of Reasoning, Quants & English. Keep practising the questions regularly say 3 to 4 times a week. 

iii. Identify your strengths and play on the same.

iv. Follow this simple flow:

Concept Building & Practice

Taking Mock Tests

Analysis of Mock Tests

v. Attempts and accuracy matter the most. If the difficulty level of the paper is easy to moderate, then attempts need to be sufficiently high to be able to clear the overall cut off.

vi. Sectional timings had been introduced since the 2019 paper. Therefore, it becomes extremely important that we can correctly solve the questions in the time given to us. Here Mock Tests would help you.

vii. Sectional cut-offs will also play a part in your selection. You need to be good enough in each of the four sections to be able to clear the sectional cut-offs and thereby the going on to clear the overall cut off marks.

Current Affairs Coverage for Phase 1

• Prepare current affairs for the last 6-months from the date of the examination. 
• But high priority should be given to the current affairs of the last 3 months. 

What all topics should be covered in Current Affairs?

• Daily News – For Phase-1 & Phase-2
• Static GK – For Phase-1
• Economic Survey – For Phase-1 & Phase-2
• Union Budget – For Phase-1 & Phase-2
• Census – For Phase-1 & Phase-2
• SECC – For Phase-1 & Phase-2
• Important RBI Notifications, Circulars, Reports – For Phase-2
• Government Schemes – For Phase-1 & Phase-2

Note: Attempt Daily Free Quizzes of Quants, Reasoning, English, and GA on the Oliveboard App and improve upon your weak topics.  

3. RBI Grade B Exam Pattern: Phase 2 – Online Examination

For both  Paper I and III , there will be  30 questions  and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each).

Note: 

• In the case of Descriptive questions,  6 questions will be asked , of which candidates will be required to attempt  4 questions  (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, the candidate answers more than 4 questions in descriptive, the first 4 shall be evaluated.
• All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English.

4. RBI Grade B Phase 2 – Important Pointers & Preparation Strategy

4.1. economics and social issues :.

i. Current Affairs has the maximum weightage in ESI.

ii. Clear your basics of the topics given in the syllabus and simultaneously keep track of current affairs.

iii. Current Affairs Coverage for Phase 2

• But last 8-10 months current affairs should be referred for important indices, reports & Schemes. 

iv. Other Important Topics to be covered are:

• Latest Government Schemes & Other old important Schemes
• Latest Union Budget & Economic Survey
• Census & SECC 
• Important RBI Notifications & Circulars

4.2. Finance:

i. There has been a change in the trend in the type of questions being asked these days. The weightage for numerical has been decreasing. More emphasis is being given to basic concepts linked to current affairs.

ii. Have a firm grip over the topics of the syllabus accompanied by a dose of Finance current affairs. Keep reading a business newspaper.

iii. Important Topics to Cover are:

• Time Value of Money
• Risk Management
• Functions of RBI
• Finance Commission
• FRBM & Inflation
• Corporate Governance
• Primary & Secondary Markets
• Derivatives
• Income Statement & Balance Sheet

4.3. Management:

i. Now this section is quite easy to prepare. Cover the topics given in the syllabus and then keep revising through reading and solving MCQs.

ii. Important Topics to be covered are:

• Fundamental of Management
• Organizational Behaviour
• Communication
• General Management
• Human Resource Development
• Theory of Ethics

4.4. Descriptive Paper:

i. Start reading the editorials of the English newspapers.

ii. Practise 1 Essay, 1 Precis, and 1 Reading Comprehension every week.

How to Approach ESI & FM Descriptive Papers of RBI Grade B?

I. Categories of the Topic for Desc. Questions

Descriptive questions for both ESI & FM can be categorised into three categories:

1.  Completely Static Questions (concepts based)

2.  Completely Current Affairs Based Questions (current affairs related to the topics of the syllabus)

3.  Static + Current Affairs Based Questions

4.  Opinions Based Questions (Mostly on Social Issues)

II. Approach for Economic & Social Issues (ESI) Descriptive Paper

Step 01:  Get a grip on all imp. concepts. List them down and make sure to understand each one.

Step 02:  Expect questions related to Current Affairs, so track all the important events, reports, schemes, and policies and have key points ready for these. Coverage:  Last 6 months.

Step 03:  Make a list of imp. points mentioned in the  Union Budget  and  Economic Survey . Note the points such that you can use them for any type of questions asked from these two sources.

Step 04:  For opinion-based questions which would mostly be asked from the Social Issues section, you need to justify the stand you take. Do not spend time preparing points for these. You can use a few data points noted down while studying current affairs for these answers.

Step 05:  Practice at least 12-15 answers before you go for the examination.

Start out by Practising Free Descriptive Tests for ESI

Download RBI Gr. B 2021 Ph-2 Memory Based Questions Here

Approach for Finance & Management (F&M) Descriptive Paper

Step-01:  Start with the  Managemen t section. The  desc. ques.  from this section would be  static  in nature. Be thorough with the  concepts .

Step-02:  While reading each chapter, note down  key words  for each chapter (as part of various theories/concepts).

Step-03:  For the  Finance  section, make a list of  current affairs-related topics  (in news lately) and static topics and write down keywords for each one.

Step-04:  While writing the answers, make sure you are  building your answers  around these keywords.  

Step-05:  Practice at least  12-15 answers  before you go for the examination.

Start out by Practising Free Descriptive Tests for F&M

Expert Guidance for Descriptive Papers

Practice RBI Grade B – Descriptive Answer-Writing with our expert faculty:  For ESI, FM & Descriptive English  Get expert guidance for your exhaustive preparation of RBI Grade B Phase 1 & Phase 2. 

Enol Here for RBI Grade B Phase 2 Mock Tests.

II. When to Start?

Start right from today. The sooner the better.

III. RBI Grade B Preparation Strategy as per Changed Exam Pattern

For an elaborate strategy for RBI Grade B 2022, do watch the following video here.

Have a look at the detailed preparation strategy by Oliveboard Expert here.

RBI Grade B Crash Course 2022 by Oliveboard

If you are someone who is aiming to crack RBI Grade B Exam and are confused about how to go about the preparation, Oliveboard has come up with  RBI Grade B Online Crash Course to help you ace the RBI Grade B exam for sincere aspirants. Read below what is included in the Course.

Oliveboard offers the best RBI Grade B Online Coaching that can help you prepare comprehensively for the exam. Oliveboard’s  RBI Grade B Online Crash Course 2022  will be your one-stop destination for all your preparation needs.

Go through free  RBI Grade B study materials PDFs  and take up  RBI Grade B Free mock tests  online.

1. Course Details

RBI Grade B Cracker is designed to cover the complete syllabus for the 3 most important subjects:  GA for Phase 1 and Objective + Descriptive portions of ESI + F&M for Phase 2 exam.  

Not just that, it also includes  Mock Tests  & Live Strategy Sessions  for  English, Quant & Reasoning  for Phase 1. The course aims to complete your preparation in time for the release of the official notification.

1.1. Features:

RBI Grade B 2022 Cracker Course Offerings :

• ESI & FM Revision Sheets
• 100+ LIVE Revision Classes
• Phase-I CA Capsules (RBI BOLT)
• ESI & FM Videos + Notes + 75+ Topic Tests
• Phase-II CA Capsules + Desc. Eng Prep
• 40 Obj. Mock Tests (Ph-I & II)
• 10 Descriptive Mock Tests with Evaluation
• Descriptive Model Q&A

1.2. How to Enroll for the RBI Grade B Online Course 2022?

Sign up or log in using the link given below. You will be redirected to the payments page. Read the course offerings and subscribe to  RBI Grade B 2022 Cracker Course . 

Now that you are aware of the RBI Grade B Online Classes, why wait?

Get Started with  RBI Grade B 2022 Online Crash Course  comprising LIVE Classes, Video Lessons, Detailed Study Notes & All-India Mock Tests for Phase 1 & Phase 2.

Use Coupon Code ‘LAUNCH’ & Get 30% off on RBI Courses

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RBI Grade B Essay- How to Prepare?

By Nikunj Barnwal

One section of RBI Grade B is often ignored. The section is English Writing Skills. English Writing Skills will have 3 questions viz. Essay Writing, Précis Writing and Comprehension. There will be only 3 questions in this section, still, this section is as important as the others, since it will be testing the writing, communication and presentation skills of candidates, besides testing their awareness level. Hence, it becomes important to write a good essay and a letter in this exam. In this article, our focus shall be limited to how one should prepare for essay writing for RBI Grade B Phase II exam.

You might have a doubt: RBI Grade B 2022 notification isn’t released yet. Why should I start preparing for this Phase II section now? Please be informed that by starting now, you would be ahead of a majority of aspirants. Not only this, preparation for this topic will help you in other exams as well.

Getting Started with Writing An Essay

We believe that most of you, if not everyone, would have written an essay at least once, be it during your school days or in graduation/college days. Hence, you would be aware that an essay consists of three parts, namely,

• Introduction, where you introduce the topic
• Body, where you discuss the topic in detail putting forward your views and backing in up with relevant data points
• Conclusion, where you sum up your ideas and close the topic

Introduction:

The first and the most important paragraphs of your essay because a good introduction will help you gain the attention of the reader, thus, creating a good impression in the minds of readers. Here, you are required to introduce the topic and state the purpose of writing your essay on that particular topic. One of the best ways to begin your introduction can be by starting with a hook, such as a story, dialogue, shocking revelation, a quote or a topic summary . Also, please keep in mind that the introduction should not be very long and about 5-6 lines should be sufficient for RBI Grade B Phase II exam.

Body: 

This is the part of your essay where you are required to explain, discuss or argue on the topic. It can extend to multiple paragraphs as the most vital and important content of your essay will be here. Further, it can be a good idea to include facts and figures from reliable sources while putting your views across as they will only strengthen your points. However, it is important that you are careful while writing this part of your essay. The reason being that we generally have a lot of information that we can provide and writing it in a haphazard manner will leave the reader confused. Hence, it is important to organize your thoughts and content well and follow a systematic approach that will enable the reader to comprehend the thoughts you are trying to put across.

Conclusion:

In this part, you are required to sum up your story and arguments. Just like the introduction, the conclusion is important as well as you need to close the topic well, leaving no hanging thread . At times, conclusion may even mirror your introductory paragraph but make sure the words and syntax are different. Also, in this part, you should not introduce any new ideas and keep yourself limited to summarizing your arguments only. Most importantly, keep it short, perhaps limited to 5-6 sentences only.

Tips for Essay Writing :

• We suggest that every alternate day or once in 3 days, you should pick a topic and write an essay on it. This will not only help to improve your writing skills but also help you get into the habit of writing so that when you write an essay on the actual day of exam, you are at ease. 
• It would also be a good idea if you practice writing the essay on a computer or laptop as it will help in improving your typing speed.
• Have your own stand on various issues and back it up with relevant data.
• Make sure you use simple and crisp language as complicated and difficult words will only break the flow of your sentence.
• Essay topics in competitive exams like RBI Grade B generally pertain to current affairs. Hence, reading newspaper daily will help you become aware of the important events that are in the news.
• Take 3-4 minutes to structure the flow of your essay so that it is connected from top to bottom . Also, do not leave any points unexplained. If you cannot explain it then do not include that specific point at all.
• Always stick to the word limit mentioned in the exam. It is suggested that you neither exceed nor fall short of the word limit specified.
• Finally, avoid making spelling or grammatical mistakes at all cost. This leaves a bad impression on the reader.

Possible essay topic for RBI Grade B:

• Effect of fake news on social media and its outcomes
• Is 10% reservation for Economically Weaker Sections (EWS) in general category justified?
• Free metro rides or Security of women – what should the government focus upon?
• Is Swachh Bharat Abhiyan successful?
• India needs to update its education system
• Healthcare challenges faced by Rural India
• Should India focus on becoming a cashless economy?
• Cashless insurance – How to make it successful?
• National Health Policy: A roadmap to work
• Will Ayushmaan Bharat be a game changer scheme?
• One Nation, One Election: A much needed electoral reform?
• What role does Insurance industry play in the financial security of an individual?

We hope this article on essay writing for RBI Grade B exam was helpful. Finally, we wish you good luck with your preparation!

Sample Essay:

Ayushman Bharat – Can it be a game-changer?

It was on India’s 72 nd Independence Day when Prime Minister of India, Shri Narendra Modi announced that Pradhan Mantri Jan Arogya Abhiyaan, better known as Ayushman Bharat or the National Health Protection Mission, will be launched on 25th September 2018. The scheme, which aims to provide medical care facilities to poor and economically deprived people was launched after a survey, conducted by NSSO (National Sample Survey Office) in 2015, found that over 80% of the households were not covered by any Health care scheme. Further, with the rise in medical expenditure every year, poor were most affected as they had to spend most of their savings in hospital bills.

In the Ayushman Bharat scheme, the beneficiary gets free coverage of upto Rs 5 lakhs for himself and his family every year at any government or even empanelled private hospitals all over India for secondary and tertiary medical care facilities. With more than 1.5 lakhs health centres providing healthcare facilities, it is expected that 80% of the rural population and 60 % of the urban population will get benefitted. The best part about the scheme is that more than 1350 types of diseases and treatment of the same are covered. Thus, this scheme may enhance the access to healthcare facilities and help in early detection and treatment services to a large section of society who otherwise could not have afford it. Besides benefitting the poor, Ayushman Bharat will also help the country move towards universal health coverage and equitable access to healthcare, which is also one of the UN Sustainable Development Goals.

However, there does exist certain challenges, which the government will have to overcome in order to make this initiative a success. One of the important challenges being that even though this scheme offers support for clinical services such as hospitalization it fails to address the broken public health system in the country. Further, the issue of limited and uneven distribution of human resources at various level of health services poses another challenge for the government to overcome. Also, shortage of doctors at primary healthcare centres and district hospitals may lead to failure of the Ayushman Bharat. Therefore, it is of utmost important that issues pertaining to human resources are addressed.

Hence, we can say that the scheme does look promising and has the potential to provide immense benefits to the poor. Further, it has the potential to help the country meet its social development goals. However, successful collaboration with relevant stakeholders, (such as State Government and industry), and proper planning and implementation will only ensure that this initiative is successful.

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Answer Writing Practice Questions | Economics and Social Issue | RBI Grade B

Economics and Social Issue  Descriptive Answer Writing Practice Questions for  RBI Grade B Phase II 2022. This Article contains List of Important Economics and Social Issue Descriptive Questions for RBI Grade B. These Descriptive Questions are based on Current Affairs, Static Economics and Programs and Polices of Government of India. Practice Writing on these Questions in a time bound Manner to score good marks in RBI Grade Phase II Economics and Social Issue Section.

Descriptive Questions Asked - RBI Grade B 2021 (1st April'21)

Word Limit - 400 (10 Marks Questions), 600 (15 Marks Questions)

Time - 90 Minutes

Descriptive Questions - Economics and Social Issue

15 Marker Questions:

1. What is meant by the vertical & horizontal allocation of resources to states as per the 15th Finance Commission? How can this objective be achieved?

2. Global financial crisis 2008 and its after-effects on different aspects of globalization.

3. Describe the various Poverty Estimation Method in relation to the following?

I. Per Capita

II. Inflation & Consumption

III. Safety Net Program

10 Marker Questions:

1. Discuss 3 measures related to disinvestment of Strategic Sectors and Non-Strategic Sectors in Union Budget 2021-22.

2. Discuss India’s commitment to climate change in light of its socio-economic, health & developmental projects.

3. What is the influence of Demographic Transition on India’s economic growth?

#2. You need to Write on 15th Finance Commission, mistakenly it was 14th written over there and similar question was asked in RBI Grade B 2021 Paper.

Descriptive Practice Questions for  Economics and Social Issue

1. Discuss the meaning and uses of GDP, GNP, NNP, Personal Income and Disposable Income.

2. What do you mean by selective credit control? How do they supplement and support the traditional monetary policy in present context?

3. Discuss the composition and direction of foreign trade of India. Describe the India's Balance of Payment since 1991.

4. Is the PPP model an important tool for investment in India's basic structure? Discuss the role and importance of PPP model in the development of basic structures of economy by supporting example.

5. Describe MSME sectors and highlight its Importance and Characteristics in the development Of Economy.

6. Examine the causes and consequences of growing unemployment in India. Critically discuss the measure to overcome the problem of unemployment. Give suggestions to improve it.

7. Define poverty, its type and causes in India. Discuss various methods of calculating poverty. Examine one important antipoverty programme in India in detail.

8. What is NARCL? Describe the benefits of setting up Bad Bank by Government. Will the proposed Bad Bank cure India’s banking sector and Fix NPA woes faced by the Banks?

9. Discuss about Global Minimum Corporate Tax Rate (GMCTR), its advantage and disadvantage. What will be the implication of GMCTR on India?

10.  As a panacea to the growing energy needs of India, discuss the relevance of One Sun One World One Grid plan.

Micro, Small and Medium Enterprises in India are registered and defined under Micro, Small and Medium Enterprises Development Act, 2006. MSME is defined as any enterprises engaged in the manufacturing or production, processing or preservation of goods as specified by the act based on their investment in plant and machinery to start business.

In India, MSMEs have been accepted as the engine of economic growth and act as backbone of the national economic structure due to its size and geographical expanse across the country. MSMEs are the second largest employment generating sector and it provides employment to around 120 million persons in India. It provides opportunity for budding entrepreneurs to build creative products boosting business competition and fuels growth.

Despite the enormous growth potential, the MSME sector is plagued with various challenges. One of the major challenges faced by MSMEs are their age-old inefficient methods of operating business and their inertia to adopt technology. By adopting digital technology, they can increase their productivity and revenue by more than 30% but there are many businesses which doesn't even have computer literacy. Another major challenge faced by this sector is inefficient credit facility from commercial banks and financial institutions, it is partly due to weak credit worthiness. Due to unavailability of credit facility they are bound to obtain credit from the money lenders on a very high rate of interest and are, thus, exploitative in character. 

Recently Ministry of Finance announced measures to improve the conditions under the Aatmanirbhar Bharat, there were six announcements including the change in the definition of MSMEs based on Investment. Government has launched improved credit facility including collateral free loans and subordinate debt of Rs. 20,000 crores for stressed MSMEs. These measures will improve the conditions of MSMEs provided that they reach to real beneficiaries.

Total Words - 298 (Need to Add Few More Points to make it 400 Words)

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Descriptive English मतलब Bank Whizz

Previously Essay asked in RBI GRADE B

RBI Grade-B (General) – 2004

Write an argumentative essay in about 500 words on any one of the following:-

1.       Media and moral policing

2.       Share Markets: who’s the greatest fool?

3.       Are foreign degrees worth pursuing?

4.       Natural disasters and the politics of aid

5.       Are Chinese goods a threat to Indian Economy?

RBI Grade-B (General) – 200 7

Write an argumentative essay of about 500 words on any one of the following:

1.       Has the virtual workplace become a reality?

2.       Health insurance and wealth!

3.       Laptops for notebooks, what next in schools?

4.       In the light of the popularity of ODIs and 20x20s has Test Cricket a future?

5.       What’s wrong with the SEZ policy?

6.       Solutions to stem the tide of Global Warming.

RBI Grade-B (General) – 2008

1.       What went wrong in Singur

2.       The Role of Media in a Crisis

3.       The Nuclear Deal

4.       The Future of Peace in India

5.       Can we host the Olympics?

RBI Grade-B (General) – 2009

Write an argumentative essay of about 500 words, on any one of the following:-

1.       Is China a threat to India?

2.       The 2008 recession was a myth in India

3.       Can we leave the world a safer place for the next generation?

4.       Formal Education is the only way to success in life?

5.       Business Schools – more business than school?

RBI Grade-B (General) – 2010

Write an argumentative essay of about 500 words on anyone of the following:

1.        Does Politics need Ethics?

2.        Cricket unites the world!

3.        Do Growth and Inflation go together?

4.        Is Environment our Social Responsibility?

5.        Travel and Tourism is a booming business.

RBI Grade-B (General) – 2011

Write an argumentative essay of about 500 words on anyone of the following:       40 marks

(a) Can technology bring about economic growth with social justice?

(b) Has the RBI succeeded in curbing inflation?

(c) Can we have a corruption-free society?

(d) Has the economic balance of power tilted eastwards?

(e) Is social ‘net’ working a blessing or a curse?

RBI Grade-B (General) – 2012

Write an argumentative essay of about 500 words on anyone of the following:       40 marks                        (a) Can the Food Security Bill help ?

(b) Has Gold lost its Glitter ?

(c) Sports other than Cricket, are winning us medals today.

(d) How do Hi-Tech gadgets Rule our Lives ?

(e) Environmental disasters are not only due to Global Warming.

(f) Indian Food is popular Worldwide !!

RBI Grade-B (General) – 2013

a.      Can technology bring about economic growth with social justice?

b.      Has the RBI succeeded in curbing inflation?

c.       Can we have a corruption-free sobriety?

d.      Has the economic balance of power tilted eastwards?

e.      Is social ‘net’ working a blessing or a curse?

RBI Grade-B (General) – 2014

Write an argumentative essay of about 500 words on anyone of the following:       40 marks                       

(a) Euthanasia, a debatable phenomenon in India.

(b) Media is one of the strongest pillars of democracy.

(c) Role of R.B.I. in controlling the inflation.

(d) Stand of the NDA Government in dealing with corruption.

(e) Uses and misuses of Anti-Dowry Act.

(f) Commonwealth Games-2014 and India.

RBI Grade-B (General) – 2015

Write an argumentative essay of about 400 words on anyone of the following:       50 marks       

a. How can India gain from China’s stock market crisis?

b. India’s GDP growth will keep rising in the next five years.

c. Tolerance should be the new Religion!

d. Indian economy needs Capital Investment.

e. Man is responsible for Climatic disasters.

Write an argumentative essay of about 500 words on anyone of the following:       50 marks

a. Government’s Gold related Schemes.

b. Will China’s Downturn help India?

c. Is Progress possible without Peace?

d. India needs bold Capital Investment.

e. Climatic Catastrophes are due to Man’s wild constructions.

RBI Grade-B (General) – 2016

Write an Essay of about 200 words on anyone of the following:       40 marks

·         Effect of GST on common person

·         Role of citizens in building smart cities

·         Farmers suicide- social and economic implications

·         Role of technology in banking industry

RBI Grade-B (General) – 2017

Write an Essay of about 500 words on anyone of the following:       40 marks

(a)    Nuclear Power Plant

(b)   NPA

(c)    Digitization and Ransomeware

(d)   Merger of SBI

(e)   Centralization of Higher Education

RBI Grade-B (General) – 2018

Write an argumentative essay of about 300 words on anyone of the following:       40 min

·         Advantages of UPI over money transfer

·         Financial inclusion – A requirement for all ages in India

·         Crowd funding – the new phenomenon in financing

·         Positive and negative effects of demonetization on the Indian economy

·         Measures for promoting micro-finance in India  

RBI Grade B 2019 Phase 2  (Descriptive English)

The English paper of RBI Grade B Officer Phase 2 was a descriptive one, where candidates were required to write an  essay  and a precis, and also solve a comprehension question. The essay, the precis, and the Reading Comprehension carried 30 marks each. 

Essay Writing: 5 topics of the essay were given, out of which the test-takers had to attempt one. 

The essay had to be written within 300 words. 

The essay topics were: 

1. Higher Education 

2. Stress among Youth 

3. NPFC Loan Collection Issues 

4. Democracy and Importance of Vote 

5. Scope of 5G in India 

Precis writing: 

The precis was based on the topic of ‘Capital and Current Account Convertibility’. 

Comprehension: 

The comprehension was based on the theme of IMF and its functionality and students had to answer questions asked from the passage based on the above topic.