(c) Scheme of Selection :

Selection will be through Written Examinations (WE) and Interview. 'WE' will be held in two phases as under: (I) Phase I (Objective Type Test) : This Paper of 3 hours duration for 200 marks will be held on Sunday, the February 6, 2011. The Paper consists tests of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning. Candidates have to secure minimum marks separately for each test as prescribed by the Board. Candidates who secure minimum marks separately for each Test as prescribed will be shortlisted for Phase II of the 'WE' based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being shortlisted for Phase II of the WE will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates successful in Phase I of the WE are likely to be published around March/April 2011 in Employment News/ Rozgar Samachar and on the RBI website and a brief notice thereof in leading newspapers. (II) Phase II (Descriptive Type Test): The Phase II Examination will be conducted in May/ June 2011(tentative) only for those candidates who are successful in Phase I (Objective Type Test). The date and time-table will be intimated to the candidates concerned at the appropriate time. The Examination will consist of three Descriptive Type papers (i) Paper I English (ii) Paper II Economic and Social Issues and (iii) Paper III Finance and Management. Each of these papers is of 3 hours duration carrying 100 marks. NOTE : Phase I (except the test of English) and Papers II and III of Phase II will be set bilingually in Hindi and English. Phase I is Objective Type and only marking the correct choice is required. However, Papers II and III of Phase II can be answered either wholly in Hindi or English at the candidate's option. (III) Syllabus (Phase II) : (i) Paper I English : Essay, Prcis writing, Comprehension, Business/Office Correspondence. (ii) Paper II 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 Privatisation 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 Urbanisation and Migration Gender Issues Social Justice : Positive Discrimination in favour of the under privileged Social Movements Indian Political System Human Development Social Sectors in India, Health and Education.

(iii) Paper III Finance and Management : Finance : The Union Budget Direct and Indirect taxes; Non-tax sources of revenue; Outlays; New Measures; Financial Sector Reforms; Capital Market, Money Market and Foreign Exchange Market; Stock Exchanges and their Regulation; Capital Market Intermediaries and their Regulation; Role of SEBI; Functions of the Money Market; Growth and Operation of the Money Market; The Foreign Exchange Market; From FERA to FEMA; Exchange Rate Management; Exchange Risk Management; Role of Banks and Financial Institutions in Economic Development; Regulation of Banks and Financial Institutions; Disinvestment in Public Sector Units. 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 Counseling 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. NOTE : The above syllabus is only indicative and not exhaustive. Keeping in view that candidates from different faculty backgrounds apply for the post, the questions in Papers II and III will be basic in nature. Candidates will be short-listed for interview based on the aggregate marks obtained only in Phase II Papers I, II and III. The minimum cut off marks for being short-listed for interview will be decided by the Board in relation to the number of vacancies. Candidates may answer the Interview either in Hindi or English at their option. Final selection will be based on the performance of the candidate in Phase II of the 'WE' and Interview.

RBI Grade B Paper I: English 2009 All questions are compulsory 1. Write an argumentative essay of about 500 words on any one of the following:- (40 marks) (a) What went wrong in Singur (b) The Role of Media in a Crisis (c) The Future of Peace in India (d) Can we host the Olympics? (e) The Nuclear Deal 2. (a) Make a precis of the following passage in your own words, reducing it to about 250 words and give it a suitable title. Use the special sheet provided for the purpose 24 marks) Look beyond the stockmarkets, especially at the seized-up money markets, and there is little to see except bank failures, emergency rescues and high anxiety in the credit markets. These forces are drawing the financial system closer to disaster and the rich world to the edge of a nasty recession. The crisis is spreading in two directionsacross the Atlantic to Europe, and out of the financial markets into the real economy. Governments have been dealing with it disaster by disaster. They have struggled to gain control not just because of the speed of contagion but also because policymakers, and the public they serve, have failed fully to grasp the breadth and depth of the crisis. Western Europe is not the limit of this: the panic has also struck banks in Hong Kong, Russia and now India. And it is not just the geographical breadth of this crisis that is alarming, but also its economic depth. Because it is rooted in the money markets, it will feed through to businesses and households in every economy it hits. Most of the time nobody notices the credit flowing through the lungs of the economy, any more than people notice the air they breathe. But everyone knows when credit stops circulating freely through markets to banks, businesses and consumers. For almost a year the markets had worried about banks liquidity and solvency. After the bankruptcy of Lehman Brothers last month, amid confusion about whom the state would save and on what terms, they panicked. The markets for three-, six- and 12-month paper are shut, so banks must borrow even more money overnight than usual. Banks used to borrow from each other at about 0.08 percentage points above official rates; on September 30th they paid more than four percentage points more. In one auction to get dollar funds overnight from the European Central Bank, banks were prepared to pay interest of 11%, five times the pre-crisis rate. Astonishingly, rates scaled these extremes even as the Federal Reserve promised $620 billion of extra funding. This is why those politicians who set the interests of Main Street against those of Wall Street are so wrong. Sooner or later the money markets affect every business. Companies face higher interest charges and the fear that they may one day lose access to bank loans

altogether. So they, too, hoard cash, cancelling acquisitions and investments, in order to pay down debt. Managers delay new products, leave factories unbuilt, pull the plug on loss- making divisions, and cut costs and jobs. Carmakers and other manufacturers will no longer extend credit and loans will become elusive and expensive. Consumers will suffer. Unemployment will rise. Even if the credit markets work well, the rich economies will slow as the asset-price bubble pops. If credit is choked off, that slowdown could turn into a deep recession. Financial markets need governments to set rules for them; and when markets fail, governments are often best placed to get them going again. Thats pragmatism, not socialism. Helping bankers is not an end in itself. If the government could save the credit markets without bailing out the bankers, it should do so. But it cannot. Main Street needs Wall Street; and both need Washington. Politiciansand President George Bush is the most culpable among them have failed to explain this. Governments need not just to communicate, but also to co-ordinate. Past banking crises show that late, piecemeal rescues cost more and work less well. Ad hoc mergers work for a while, but demands for help tend to recur. Inconsistency sows uncertainty. Cross-border banking can make one countrys policies awkward for the neighbours: the Irish governments guarantee of all deposits threatens to suck in money from poorly protected British banks. Frances suggestion on October 1st that Europes governments should work together was a good one; Germanys rejection of it was wrong. Central banks have co-ordinated their liquidity operations. Now that oil prices have plunged and worries about inflation are receding, interest-rate cuts are possible. They would be more powerful if co-ordinated. But it is not only central banks that need to combine. Whatever Americas Congress does, governments should work together on principles to stabilise and recapitalise banksnot just to stem panic but also to save money. Even if, as the Europeans claim, the crisis was made in America, it now belongs to everyone. (b) Answer the following questions based on the passage, briefly and in your own words: (1)What are the forces affecting the financial system? (2)How are the governments coping? (3)To what does the writer compare the flow of credit? (4)Examine the role of governments in the financial markets. (5)List a few problems faced by the banks.

(ii)Explain clearly and briefly the contextual meaning and implications of any three of the following expression in the passage:- (6 marks) (1)to gain control (2)hoarding cash (3)pull the plug (4)ad hoc (5)rooted in (6)solvency 3. Attempt any one of the following in about 250 words 20 marks) (a) On behalf of the employees of your bank, draft a representation to the management asking for improvement in infrastructure for better work performance. (b) Draft a proposal to disburse funds and relief material to the flood hit victims of Bihar. (c) Imagine yourself to be the Governor of the Reserve Bank. What measures would you adopt in the present financial crisis?

RBI Grade B Past Question papers 2009 Paper II: Economic & Social Issues 1. a. explain the factors responsible for the fall in the incidence of poverty in India. b. Indias concern with poverty alleviation has mostly remained at the rhetorical level. Explain. 2. a. what is the relationship between development and environment? b. what are the measures undertaken by the govt to prevent environment dmage? 3. a. Indias organized manufacturing sector has jobless growth which is a matter of serious concern. Do you agree? Discuss. b. suggest suitable policy for employment generatn in India. 4. a. discuss the probs faced by public sector in India. b. explain the policy measures adopted by the govt in the area of disinvestment. 5. a. examine the role of caste in Indian society and polity. b. what is the impact of casteism on Indian political system? 6. a. explain the terms current account, capital account in Indias balance of payments and bring out thr significance. b. discuss the policies adopted by the govt to attract FDI in India. 7. a. discuss the imp issues of concern to developing countries like India, arising out of WTO agreement. b. Critically examine how trade blocs create obstacles to free international trade. 8. a. examine the nature of fiscal crisis which has emerged in India in recent times. b. In the backgrnd of economic crisis, there is need to consider the policies to promote banking system. Do you agree? Subtantiate your view point. 9. a. human development level in India is low because of inadequate spending on education and health. Comment. b. State measures adopted by the Govt to promote human development in India. 10. Write short notes on any two: a. Globalisation and changing status of women. b. SEZ: Boom or bane. c. Coalition govt and governance in India. d. Role of MNCs.

RBI Grade B 2009 Paper III Finance & Mgmt. Section 1 1. with greater liberalization, the need for regulation is also higher. Explain 2. What is a derivative contract? Explain forward, future and option contract. 3. Explain the concept of a stock market index. What does this index indicate? 4. Discuss the principal features of Eurocurrency loans. 5. Write short notes on any two: a. Capital adequacy norms. b. Credit rating c. Debt securitization d. Infrastructure finance Section 2 6. Explain the organisation structure. What are the steps involved in designing the organization structure? 7. What is directing? Explain the principles and techniques involved in directing. 8. leaders are born; not made. Comment. 9. Explain the steps involved in the implementation of change in an organization. What are the factors that create resistance to change?

RBI Grade B Phase II 2008, Paper III Finance & Management Attempt any three questions from Section I and any two questions from Section II Section I 1. "The focus of banks in India has now shifted from statutory compliance to internal financial management." Comment.(20) 2. Discuss the salient features of the foreign exchange market in India.(20) 3. Briefly discuss the main features of the RBI directives relating to acceptance of deposite by NBFCs. (20) 4. What is "book building" ? Explain briefly the framework of the book building method of issue of capital.(20) 5. Write short notes on any two of the following:(a) WTO and India(10) (b) Venture Capital Fund(10) (c) Role of NABARD in economic development. (10) (d) Non-performing Assets (10) Section II 6. "Deregulation of authority is not loss of power; it is enhancement of power." Examine this statement critically. (20) 7. What is performance appraisal? What are its objectives?(20) 8. (a) What are the essentials of a good control system?(10) (b) What are the behavioural implications of control?(10) 9. Describe the salient features of corporate governance in India. (20)

RBI Grade B 2008 Phase II Paper II Economic and Social Issues Answer any five questions 1. (a) Why, do you think, has inflation become a major problem in India? (10) (b) Suggest suitable measures to control this inflation. (10) 2. Examine the impact of India's economic reforms on unemployment and poverty. (20) 3. Discuss India's present economic policy on the following subjects:- (a) Role of MNCs. (10) (b) Capital Account Convertibility (10) 4. Discuss the major changes in the foreign exchange rate policy in India since 1991. (20) 5. (a) What are the problems of Scheduled Castes in India? (10) (b) Discuss the impact of the reservation policy on Scheduled Castes and Tribes in India. (10) 6. (a) Analyse the harmful effects of rapid urbanization in India. (10) (b) How can they be removed (10) 7. Discuss the suitability of the following for India:- (a) Presidential form of Government (10) (b) Parliamentary form of Government (10) 8. "Human resource development has not received the significance it deserves in India." Do you agree with this view? Discuss. (20) 9. (a) What are the weaknesses of India's Higher Education System? (10) (b) What changes, do you think, are needed in this system? (10) 10. Write short notes (any two):- (a) Impact of economic development on environment. (10) (b) Unorganised sector in India (10) (c) Significance of WTO in India (10) (d) Privatisation in India. (10)

RBI Grade B Prelims, 2009 General Awareness, 1.which of the following statements is wrong about the BRIC countries a.the 4 BRIC countries encompass over 25% of worlds land and 40% of worlds popln .they also hold a combined GDP(PPP) OF about $15 trillion b.these 4 bric countries are the biggest and fastest emerging global markets. c.as per an indication in 2009 the gdp the gdp of bric countries will come down by 36% as compared to last year. d.the bric countries can together build a harmonious world of lasting peace and common prosperity e.the first summit of BRIC was held in Russia on june 2009 2.the cheap imports from which of the following countries is giving competition to SME in India specially when the global economic slowdown and weak domestic demand have already affected companies across sectors a.china b.s.korea c.japan d.russia e. none of these 3 which of the following about the growth of the indian economy in 2009-10 or the part of it is correct a.economy grew by 5.8% during jan-march 2009 b.indias growth estimate prepared by RBI say that the growth should be in band of 8.5 to10.0 % during 2009-10 c. the most promising growth of 6-7.5%would be in agriculture sector which contribute around 60-70% to indias total gdp d. service sector which is a stronghold of the economy is likely to grow at 13% during this year e.all are correct 4.which of the following is the reasons owing to which 105 million new ppl are added to list of hungry people and the total nos of the same has reached has reached 1bn. a.unprecedented increase in food prices particularly in poor nations b.cut in supply of foodgrains to poor nations by many european countries c.sudden increase in popln of countries like uganda,namibia,sudan as many pl have taken shelter here. 5.which of the following is correct about the reforms introduced in pension sector a.govt has allowed 26%fdi in pension sector