10 Oct

Best Books & Syllabus for RBI Grade B Recruitment 2015

Reserve Bank of India (RBI) has released the official notification for RBI Grade B Officers recruitment for the year 2015. There are total 134 posts for Officers in Grade B (General).
Candidates can apply online from 5th October 2015 to 23rd October 2015. You can read the official notification here.
The online exam will be of 2 Phases.
Phase I Online Exam will be held during 21 & 22nd November 2015 and the Phase II online exam will be held on 7th December 2015.

(I) Phase-I online Examination (Objective Type) : This Paper for 200 marks will be held on November 21/22, 2015. The Paper consists tests of (i) General Awareness (ii) English Language (iii) Quantitative Aptitude and (iv)Reasoning, with composite time of 120 minutes.

(II) Phase-II online Examination: The Phase-II online Examination will be conducted on December 7, 2015, only for the candidates who are shortlisted on the basis of results of Phase-I. The Phase-II examination will be in shifts. Candidates are required to appear for all shifts. Separate Admission Letters will be issued for each shift. The time-table for Phase-II will be intimated to the candidates concerned along with Admission Letter for Phase-II. Phase–II online examination will consist of three papers as under:

Name of Paper Type of Paper Time (Minutes) Marks
Paper-I:
Economic and Social Issues
Objective Type 90 100
Paper II:
English (Writing Skills)
Descriptive, to be typed with the help of the keyboard 90 100
Paper-III: (Optional)
Finance and Management or Economics or Statistics
Objective type 90 100

 

In Paper-III, candidates have to choose one of the three subjects at the time of online application.

(III) Interview: Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-II (Paper-I +Paper-II +Paper-III). Interview will be of 50 marks. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase-II examination and interview.

Best Books for RBI Grade B Recruitment 2015

A) English Language:

1) General English by Lucent Publications: This is by far the best book available in the market for the preparation of all entrance exams. The content in this book is written in both English and Hindi language for easy understanding. All the concepts are explained in a crystal clear and step by step manner. Hundreds of rules of English grammar are given in this book chapter wise, so you will cover each and every aspect of English language.

2) Objective General English by SP Bakshi: Another best book to prepare for Objective English. All the topics are explained in a very clear and sequential manner. But personally, I’d prefer Lucent book.

If the book is not available on Flipkart, purchase on Amazon:

B) General Intelligence and Reasoning:

1) The Hand on Guide to Analytical Reasoning and Logical Reasoning: A Must have Resource for Aspirants of CAT, MAT, XAT, IIFT, CMAT, CSAT, SBI PO, Bank Clerk, SSC: This is another best book for high level reasoning learning and practice.

C) Quantitative Aptitude:

1) Fast Track Objective Arithmetic by Arihant: This is great book for Mathematics to improve your speed and efficiency with thousands of shortcuts. It covers all the topics with so many formulas, concepts, shortcuts, examples and thousands of questions to practice.

If book is not available on Flipkart, buy it on Amazon:

2) The Accredited Guide to Data Interpretation and Data Sufficiency: A Must have Resource for Aspirants of CAT, MAT, XAT, IIFT, CSAT, SBI PO, RBI, Bank Clerk, SSC: This is best book available in the market for Data Analysis and Interpretation.

D) General Awareness:

1) Guide to Banking General Awareness and Banking Aptitude Test: Most of the questions in this section would be related to economy and banking(current affairs and general information) in RBI Grade B Officers exam. Great book for banking awareness section. It contains more than 1,000 questions for the preparation of Banking awareness section.

2) General Knowledge 2014: Essential ‘Knowledge Capsule’ in General Awareness and Current Affairs by Manohar Pandey(Arihant Publications) I strongly recommend this book as you can do it within a week and it covers the entire General awareness in a concise manner.

For general awareness or current affairs section, you need to read newspaper daily or like our Facebook page to get current affairs daily or follow our monthly current affairs section on this website.

E) RBI GRADE – B OFFICERS’ EXAM PHASE – I Objective Type PRACTICE WORK BOOK : A must have practice book.

B) Phase 2 – Online Exam: The shortlisted candidates after the objective exam would be called for phase 2 exam. It includes three papers:

(i) Paper I – English
(ii) Paper II – Economic and Social Issues
(iii) Paper III – Finance & Management.

Each of these three descriptive papers is of 3 hours duration and carries 100 marks.

1) Descriptive General English by SP Bakshi: This amazing book covers many letters, essays, precis, reports, etc. in a very detailed manner. This is THE MUST BUY BOOK for descriptive portion.

2) RBI Officer’s Exam Phase – 2 (Grade – B): This book has more than 10 sets of model test papers for phase 2 of RBI Grade B officers exam. It is a comprehensive book.

3) Indian Economy : For Civil Services Examinations 5th Edition: Great book to prepare for Economics paper.

4. SYLLABI (Phase-II)
Paper-I – Economic and social Issues:
Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. 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. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.
Suggested reference material:
Books:
Indian Economy: Uma Kapila.(Series of Books)
Indian Economy: Mishra Puri. (Latest Edition)
Growth And Development: Devraj Ray
Sociology: C.N. Shankar Rao
News Papers:
Economic Times
Hindu
Business Standard
Weekly/Monthly Magazines/Bulletins /Reports:
Economic and Political Weekly
Southern Economist
Yojana
Business India
RBI Bulletins
Reports:
World Development Report
Economic Survey of India
Paper-II -English (Writing Skills):
The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.
Paper-III -Finance and Management/ Economics/Statistics:
(A) Finance and Management :
(i) Finance
(a) Financial System
Regulators of Banks and Financial Institutions
Reserve Bank of India- functions and conduct of monetary policy, Banking System in India, Financial Institutions – SIDBI, EXIM, NABARD, NHB, etc.
(b) Financial Markets
Primary and Secondary Markets (Forex, Money, Bond, Equity,etc.), functions, instruments, recent developments.
(c) General Topics
Risk Management in Banking Sector
Basics of Derivatives: Forward, Futures and Swap
Changing Landscape of Banking sector
Recent Developments in the Financial Sector, Portfolio Investment, Public Sector Reforms, Disinvestments
Financial Inclusion- use of technology
Alternate source of finance, private and social cost-benefit, Public-Private Partnership
Corporate Governance in Banking Sector, role of e-governance in addressing the issues of corruption and inefficiency in the government sector.
The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, GST, Thirteenth Finance Commission and GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI – components and trends.
Suggested reference material:
An introduction to Economics – A W Stonier and D C Hauge
Monetary Theory and Public Policy – Kenneth Kurihara
Indian Economy – Mishra and Puri
Indian Economy – R. Dutt and KPM Sundaram
Economic Growth and Development – Mayer and Baldwin
Major economic newspapers and Economic and Political Weekly
Public Finance – K K Andley and Sundaram
Financial Management – Prasanna Chandra
(II) Management:
Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counselling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. 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. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
The questions on this section will be basic in nature.
(B) Economics
(a) Microeconomics
Consumers behaviour and firms; value of resources like land, labour and capital
Markets-monopoly, perfect and imperfect competition
General Equilibrium of price and activity, economic welfare and case for regulatory / policy interventions
(b) Macroeconomics
Measuring national income and its components; basic macro identities and idea of macro-balance; Goods and Financial Market Equilibrium (IS-LM Framework)
Major macro-economic school of thoughts; Classical, Keynesian and Monetarist
Consumption and Investment demand; demand management policies and their effectiveness
Money demand and supply; monetary and fiscal policies
(c) International Economics
Benefit of International trade; comparative and absolute advantage; effect of International trade on resources allocation and factor price equalisation; non-conventional trade barriers, optimum currency areas and effect of customs union
International finance and exchange rates issues in an open economy, benefits and costs of an inter-connected financial markets; evolution of international financial architecture
(d) Public Economics
Public Goods, instruments of financing, government tax and non-tax revenue
Direct and Indirect taxes, efficiency costs of commodity taxes, income taxation, labour supply and savings, corporate taxation and corporate behaviour
Government expenditure policy-various components, deficit financing and its impact on the economy, government debt and crowding out of private capital
(e) India’s Economy and Development Issues
India’s experimentations with planned development models and the outcomes, structural issues-savings and investment, demography, urbanization, productivity, etc., issues with poverty, inequality and employment
Agriculture- policy and developments, manufacturing competitiveness; what is holding India back, role of public sector enterprises in the key economic sectors, India’s resilient service sector; trade, tourism, communication, ITES, etc.
Financial sector regulation and reforms-banking, insurance and capital market, fiscal policy and the changing priorities of government, emergence of monetary policy and its new role

Suggested reference material:
Microeconomics, Student Value Edition (8th edition) by Robert Pindyck, Daniel Rubinfeld
Intermediate Microeconomics : A modern Approach(8th edition) by Hal R. Varian
Macroeconomics(2011) by Rudiger Dornbusch, Stanley Fisher, Richard Starz
Macroeconomics by N. Gregory Mankiw, (Seventh Edition),
International Economics (2013) by Domimick Salvatore
International Economics(2011) by Paul Krugman and Maurics Obstfeld
International Finance and Open Economy Macroeconomics (1993) by Francisco L.Rivera- Batiz, Luis A.Rivera- Batiz
Public Finance in Theory and Practice(1989) by Richard Abel Musgrave and Peggy B.Musgrave
The Concise Oxford Companion to Economics in India, Edited by Kaushik Basu & Annemie Maertens
Indian Economy since Independence (2014) edited by Uma Kapila
Indian Economy : Performance and Policies(2015) edited by Uma Kapila
India Development Report (2015) edited by S. Mahendra Dev
(C) Statistics:
(1) Probability: Random variables, Theorems of probability, Conditional probability, Independent events, Bayes’ theorem and its application, expectation, moments, distribution functions, Binomial, Poisson, Geometric, Exponential, Negative binomial, Hyper geometric, Cauchy, Laplace, Logistic, Pareto, Log-normal, Beta and Gamma distributions, Weibull, Uniform, Bivariate normal distribution and truncated distributions, Markov’s inequality, Chebyshev’s inequality, Cauchy-Schwarz inequality, Laws of large numbers, Central limit theorems and applications.
(2) Statistical Methods: Population and sample, Measures of central tendencies Parameter and Statistic, Correlation and Regression, intra-class correlation, multiple and partial correlations, Spearman’s coefficient of rank correlation, Z, chi-square, t and F statistics and their properties and applications, Large sample distributions, Variance stabilizing transformations, sin inverse, square root, logarithmic and z transformation.
(3) Linear Models: General Linear models, BLUE, method of least squares, Gauss-Markoff theorem, estimation of error variance, Simple and Multiple linear regression models, Important assumptions and treatments in case of assumption’s violation, Regression diagnostics, Analysis of variance in one, two and three-way classifications, Analysis of Covariance in one and two-way classifications.
(4) Statistical Inference: Properties of estimators, MVUE, Rao-Blackwell and Lehmann-Scheffe theorems, Cramer-Rao inequality, methods of estimation, properties of maximum likelihood and other estimators, confidence intervals. Simple and composite hypotheses, Type I and Type II errors, size and power of a test, Most Powerful and Uniformly Most Powerful tests, Neyman-Pearson lemma, Likelihood Ratio test and its properties and applications. SPRT, OC and ASN functions, Tests of goodness of fit. Parametric vs. Non-parametric Test, Frequently-used non-parametric inferential statistical methods.
(5) Multivariate Analysis: Bivariate and Multivariate normal distribution, marginal and conditional distribution, Estimation of mean vector and covariance matrix, Asymptotic properties of estimators, Sampling distribution of and S, Mahalanobis D2 and Hotelling’s T2 and its applications.
(6) Optimisation Techniques and Statistical Quality Control: Linear Programming, Transportation Problem, Assignment Problem, Basics of Simulation, Quality control, Process Control and Product Control, control charts, Acceptance Sampling plan, single and double sampling plans (ASN, OC, ATI, LTPD, AOQL).
(7) Sample Surveys and Design of Experiments: Simple and Stratified random sampling, ratio and regression methods of estimation, Double sampling, Systematic, Cluster, two stage and PPS sampling. Sampling and Non-sampling errors. Principles of Design of Experiments, Completely Randomized Design, Randomized Block Design, Latin Square Design, missing plot technique, 22 and 23 factorial designs, Split-Plot Design and Balanced Incomplete Block Design, Fractional factorial experiments
(8) Applied Economic Statistics: Time Series vs. cross sectional data, Multiplicative and additive models, Auto-correlation, Partial autocorrelation, Smoothing techniques, Seasonal and cyclical adjustment. Price and Quantity Index numbers, Types of index numbers and their properties. Chain and Fixed base index numbers, Cost of Living Index numbers, Wholesale Price Index, Consumer Price Index, Index of Industrial Production, Gini’s coefficient, Lorenz curves, Application of Pareto and Lognormal as income distributions.
(9) Vital Statistics: Sources of vital statistics compilation, Errors in census and registration data, Measurement of population, rate and ratio of vital events, Stationary and Stable population, Life Tables, Measures of Fertility, Mortality and Reproduction, Crude rates of natural growth, Pearl’s Vital Index.
(10) Numerical Analysis: Principles of floating point computations and rounding errors, Linear Equations factorization methods, pivoting and scaling, residual error correction method, Iterative methods, Jacobi, Gauss-Seidel methods, Newton and Newton like methods, unconstrained optimization, Lagrange interpolation techniques, Cubic Splines, Error estimates, Polynomials and least squares approximation; Integration by interpolation, adaptive quadratures and Gauss methods.
(11) Basic Computer Applications: Functional organization of computers, algorithms, basic programming concepts, Program testing and debugging, Subprograms and Subroutines, Sorting/searching methods, Database Management Systems, Software Engineering, Basic of Networking, Internet Technologies, Web and HTML, Distributed systems, Programming using C, MINITAB and FORTRAN.
Suggested reference material:
Atkinson, K.E. (1989): An Introduction to Numerical Analysis, Wiley.
Bhat, B.R. (2007): Modern Probability Theory, New Age International.
Cochran, William G. (1977): Sampling Techniques. John Wiley and Sons, New York
Das, M.N. and N.C.Giri (1986): Design and Analysis of Experiments. Wiley Eastern Ltd.
Draper, N.R. and H.Smith (1998): Applied Regression Analysis, John Wiley & Sons.
Goon, A.M., M.K.Gupta and B.Dasgupta (2001): Fundamentals of Statistics. (2 Vols.), World Press, Kolkata.
Gibbons, J.D. & S.Chakrabarti (2007): Non parametric Statistical Inference, Chapman and Hall.
Gupta, S.C. and V.K.Kapoor (2007): Fundamentals of Mathematical Statistics, Sultan Chand and Sons.
Gupta, S.C. and V.K.Kapoor (2008): Fundamentals of Applied Statistics, Sultan Chand and Sons.
Hollander Myles and Douglas A.Wolfe (2006): Non Parametric Statistical method, Wiley.
Kshirsagar, A.M. (1983): A Course in Linear Models Marcel Dekker, New York.
Montgomery, D. C. (2008): Design and Analysis of Experiments, John Wiley and Sons.
Montgomery, D.C., E.A.Peck and G.G.Vining(2006): Introduction to Linear Regression Analysis, John Wiley and Sons.
Murthy, M.N. (1967): Sampling Theory and Methods. Statistical Publishing Society, Kolkata.
Rajaraman, V. (2010): Fundamentals of Computers, Prentice-Hall India.
Rohatgi, V. K. and A. K. Md. Ehsanes Saleh (2009): An Introduction to Probability and Statistics, John Wiley and Sons.
Saxena, H.C. (2005): Finite Differences and Numerical Analysis, S. Chand and Co.
Silberschatz, A., H.F.Korth and S.Sudarshan (1997): Database System Concepts, McGraw-Hill.
Sinha, P.K. (2010): Computer Fundamentals, University Science Press.
Sukhatme, P.V., B.V.Sukhatme, S.Sukhatme and C.Asok (1984): Sampling Theory of Surveys with Applications, Iowa State University Press, Iowa, USA.
Swaroop, K., P.K.Gupta and M.M.Singh (1985): Operations Research, Sultan Chand and Sons.
Taha, H.A. (1982). Operations Research: An Introduction, Macmillan Publishing Company.

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