Best Books to prepare for RBI Officer Grade B - What makes someone’s preparation for any entrance examination effective? The answer remains – few important aspects like follow and make preparation plan according to the syllabus and exam pattern, mock tests and previous years question papers must be practised more often, make a time table, etc. However, apart from these elements of preparation, one of the major contributors in your success is the books, newspapers, reports and magazines you prepare from. Thus, to aid you to crack RBI Grade B Officer exam, Careers360 brings to you a list of best books to prepare for RBI Officer Grade B. Read through the article below to know about the important books.
The application form of RBI Officer Grade B 2018 is available from July 3. Interested candidates can fill the application form till July 23 in online mode.
The Phase I exam of RBI Officer Grade B 2018 (DR) General, DEPR, and DSIM is slated to be held on August 16. RBI Officer Grade B Phase II exam for General Direct Recruitment will be conducted on September 7, Phase II exam for Direct Recruitment into DEPR and DSIM is to be held on September 6 and 7.
Candidates can check important books for RBI Officer Grade B Direct Recruitment (DR) General given below.
Important Books for Economics and Social Issues(Paper I)
Indian Economy: Uma Kapila: (Series of Books)
Economic and Political Weekly
The Economic Times
World Development Report
Indian Economy: Mishra Puri. (Latest Edition)
Economic Survey of India
Growth And Development: Devraj Ray
The Business Standard
Sociology: C.N. Shankar Rao
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
RBI Annual Report
Report on Trend and Progress of Banking in India
Monetary Policy Report published by the Government of India over the previous two years
Financial Stability Report published by the Government of India over the previous two years
Economic Survey published by the Government of India over the previous two years
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The Pay Scale for the RBI grade B Officer is 35150 in which you will get an increment of Rs. 1,750/- up till nine years of your service. After the completion of nine years you will get into the executive band wherein the basic pay will be of Rs. 50,900/- and then again for the next two years you will get an increment of Rs. 1,750/- and further an increment of rs. 2000/- for the following 2 years thus ending up with the basic pay of Rs. 62,400/- and this is when you don't get any promotion. Apart from the Basic Pay, multiple emoluments such as Dearness Allowance, House Rent Allowance, Family Allowance, Telephone Allowance, Conveyance Allowance etc. will also be provided
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The eligibility criteria RBI Officer Grade B, candidates must be in between 21 to 30 years of age. For M. Phil and Ph. D candidates the upper age limit will be 32 and 34 years, respectively.
RBI Grade B Officers Recruitment 2018: Eligibility Criteria
1. Nationality: The candidates who wish to apply for this exam must be either-
A citizen of India
A subject of Nepal or Bhutan
Tibetan Refugees who came to India before 1st January 1962 with the intention of permanent settlement
Person of Indian Origin (PIO) who has migrated from Burma, Pakistan, Sri Lanka, Vietnam or East African countries of Zaire, Kenya, Tanzania, Uganda, Zambia, Ethiopia, Malawi, with the intention of permanent settlement in India.
Note: Candidates belonging to the category 2, 3, 4 must have a certificate of eligibility issued by the Govt of India in their favor.
2. Age Limits:
The minimum age limit to apply for this exam is 21 years, whereas the upper age limit is 30 years. For candidates with M.Phil. Degree, the upper age limit is 32 years and for candidates holding Ph.D. Degree, it is 34 years.
For SC/ST – 5years
For OBC –3 years
For Ex-Servicemen / Ex-Employee of Banking Institutions –5 years
3. Minimum Educational Qualification:
For Officers in Gr B (DR) General: Bachelor’s degree with a minimum of 60% marks (50% for SC/ST/PwBD) or an equivalent grade along with 60% marks or equivalent in 12th and 10th standard. The minimum percentage is the total of all the marks obtained in all the semesters.
For Officers in Gr B (DR) DEPR: A Master’s Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance with a minimum 55% marks (50% for SC/ST/PwBD). The minimum percentage is the total of all the marks obtained in all the semesters.
Candidates having Master’s Degree along with Research/Teaching experience at a recognized Indian/Foreign University/Institute will be eligible for upper age limit relaxation up to a maximum of three years.
For Officers in Gr B (DR) DSIM:
(a) A Master’s Degree in Statistics/ Mathematical Statistics/ Mathematical Economics/ Econometrics/ Statistics & Informatics from IIT-Kharagpur/ Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade in the aggregate of all the semesters; OR
(b) Master’s Degree in Mathematics with a minimum of 55% marks or an equivalent grade in the aggregate of all semesters/years and one year post graduate diploma in Statistics or related subjects from a reputed institute; OR
(c) M. Stat. Degree of Indian Statistical Institute with a minimum of 55% marks in the aggregate of all semesters/years; OR
(d) Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur and IIM Calcutta with a minimum of 55% marks or equivalent grade in the aggregate of all semesters/years.
Candidates having Master’s Degree along with Research/Teaching experience at a recognized Indian/Foreign University/ Institute will be eligible for upper age limit relaxation up to a maximum of three years.
All the best!
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