Strategy for RBI- Phase 2

No t e b o o k: RBI Grade B Preparation

Cre at e d : 28-09-2017 19:51 Up d at e d : 12-10-2017 08:04
A u t h o r: MAHENDRA SINGH

Now lets us figure out the strategy for phase 2.

Few general pointers

This phase has 3 papers- English, Economics & Social issues (ESI),
Finance & Management (FM).
Each paper is of 100 marks.
There is no sectional cut-off for this phase. Overall cut-off has to
be cleared.
English and ESI papers can fetch you awesome marks, so make
sure these papers are very strong.
internet will make all the difference ! Before you read any topic
of the syllabus from the book, just google it. Later you can read
the topic from the book.
If you get highest marks in this phase, interview will become less
crucial in deciding your selection. so work harder, score highest.
Read the instructions very carefully, every question or section will
have specific instructions to be followed.

English

Essay, Precis writing & Reading Comprehension

Learn about the art of writing a good essay, nothing new for
you, being a CSE aspirant, you would know how to write
good essays.
You can choose something related to economy- or say
technical essays. That can fetch you good marks if you
impress the evaluator.
 Learn about the Precis writing rules from Internet and
practice for the same. (School time wali techniques nahi
chalegi ! )
Essay (30 marks)
Follow the word limit.
Prepare 10-20 topics (probable topics, current issues
which are most important to come).
Comprehension (40 marks)
Never copy-paste lines as it is from the passage, use
your own words in simple language.
Read the instruction carefully, it may ask you to add
your suggestion in each question of the
comprehension ! Don't miss that.

Economics and Social Issues (ESI)

Logically this one should be high scoring for an UPSC aspirant as

we do read economy and social issues in detail.
70 out of 100 is achievable.
concepts as well as factual data both will be useful.
There were 65 questions in 2016 paper. Like 35 questions for 2
marks each and 30 questions for 1 mark each.
Data and numbers will play the gamble ! questions like "by how
many points did the Sensex crash after the announcement of
BREXIT ?"; so don't get surprised if the same is asked for
demonetization or roll-out of GST !
Sources
This sections will have most of the questions from the
current affairs. so current affairs of last 6 month done for
phase 1 will be highly useful here too.
Here the few sources are same which you have to follow for
phase 1. Like Hindu summaries of BA, Capsules, GK today
monthly booklets, Ramesh Singh or Sriram economy notes
etc.
Mrunal's videos on economy + Lecture series on Budget and
Eco-survey too.
Budget and Eco-survey (most important doc for this
section)
Read it multiple times, make short notes for revision
refer to VisionIAS, IASBaba and GS Score summary of
eco-survey & Budget
Catch- You won't be asked to write solutions for the
problems being discussed in the eco-survey ! then
what?
Focus -
On data and trends
Government Schemes
Amount allocated for various sectors
Growth projections from various bodies etc.
Reports from WB, IMF, WEF, WTO, BIS, RBI etc are
important.
Vision IAS CA monthly magazine (read only the relevant
topics)
Minute details of anything happening in the economy can be
asked so be cautious and remember trivial details too, but do
it smartly.
Reading a business newspaper like Economic Times
or LiveMint can be useful.
RBI website - is an important source.
Highlight of Annual reports. Data, trends etc.
FAQ section on the website.
Finance and Management (FM)

60% of the paper is from finance and 40% is from the

management.
There were 65 questions in 2016 paper. Like 35 questions for 2
marks each and 30 questions for 1 mark each.
Management part is easy and you should target for
maximum marks in it.
Use of Internet is must. Just Google the topics and learn (make
e-notes) before reading any book.
Sources?
Alert- Whatever sources are being mentioned, only
few has to be followed according to your liking.
Nothing has to be followed cover to cover, selected
few topics strictly according to the syllabus should be
followed.
Details of all the regulators/financial institutions (RBI, SEBI,
IRDA, PFRDA, EXIM, NABARAD, SIDBI, NHB, etc.) should be
read and memorized from their respective websites- E.g.:
Headquarters, Chairman, Tag Line (if any), basic info etc.
Numerical problems in Finance part - 20 marks (This would
be a major headache for sure ! )
Small formula based questions should be practiced.
Risk Management Related (whatever one comes
through)- CAIIB Materials
Bonds Related- Present Value calculation, Duration,
Price Sensitivity
Time Value of Money- NPV, IRR, Payback period
 Ratio Analysis- Basics are compulsory. If possible, some
tough ones. (Capital Gearing ratio was asked in 2016)
Accounting related- Break-Even Point, Basic formulas
Derivatives- Basics problems on Futures And Options
Operative and Financial Leverage; Financial statement
analysis; cash flow statement etc.
Textbooks (Finance)
Indian Financial System by Bharti Pathak (4th edition)
Chapter 1,2,3,4,5,6,8,9,12,13,14,23,24

Prasanna Chandra (9th edition) - for Numerical

problems (only selected few chapters)
Accounting & Finance for Bankers(McMillan
Publications) used for JAIIB,
You Tube Vidoes or Internet
Class 12 Accounts Book-2 Financial Statement Analysis
Principles and Practices of Banking-(Module A:
Indian Financial System)
Accounting and Finance for Bankers(Ch 3&4)
Advance Bank Management(Ch-2,3,4,17)
Bank Financial Management(Module B:Risk
Management, Ch 18:Derivative Products)
NCFM -Securities Market Module(Basic- Ch 1 to 5)
jaiibcaiibmocktest.com
Investopedia
For management part-
NCERT Business Studies 1 & 2 Class 12
Principle of Management - P.C.Tripathi & P.N. Reddy
or Principles and Practics of Management by LM
Prasad
Organizational Behavior- Stephen Robbins & Timothy
Judge
Advanced Bank Management (Module C – Human
Resource Management)