Recruitment of RRB Officers in Grade-‘B’ |Revised Process |Eligibility |Syllabus |Exam Pattern
RBI has been
decided by the Reserve Bank of India to introduce a new scheme of
selection for recruitment of officers in Grade-‘B’ (DR), from
recruitment year 2015. Under the new scheme of selection the examination
will be computer based (Objective type with Multiple Choice Question
pattern) and consists of two phases, viz., Phase-I and Phase-II,
followed by Interview. While Phase-I examination will continue as per
existing Phase-I examination for Grade-‘B’ (DR), Phase-II examination
will consist of three papers of which two will be compulsory papers and
one optional paper. The compulsory papers are Paper-I on ‘English’ and
Paper-II on ‘Economic and Social Issues’.
The optional
Paper- Paper-III will have options of subjects, viz., ‘Finance &
Management’ or ‘Economics’ or ‘Statistics’. In Phase-II the paper on
‘English’ will be descriptive type and computer based, i.e. to be typed
on computer screen with the help of the keyboard. Prospective candidates
are advised that Phase-II of the examination will be conducted within
two to three weeks of Phase-I of the examination. The new scheme of
selection is furnished in the Annex-A. The Syllabi of all the papers are
furnished in Annex-B.
 |
| Recruitment of RRB Officers in Grade-‘B’ |Revised Process |Eligibility |Syllabus |Exam Pattern |
Annex - A
New Scheme of Selection for recruitment of officers in Grade- ‘B’
A. Examination Pattern
(i) Examination will consist of two phases, viz. - Phase-I & Phase-II followed by interview.
(ii) Phase-I
examination will be objective type with Multiple Choice Questions
(MCQs). The Phase-I examination will continue as per the existing
Phase-I examination for Grade-‘B’ (DR). There are four modules in
Phase-I, viz.- General Awareness, English Language, Quantitative
Aptitude and Reasoning.
(iii) Phase-II
examinations will consist of three papers in MCQ pattern (except
Paper-I) – viz. Paper-I on English (writing skills); Paper-II – Economic
& Social Issues and Paper-III – (optional subjects) – Finance &
Management/ Economics/ Statistics.
(iv) Candidates will be required to write all the papers online.
(v) Only successful candidates of Phase-I will appear for Phase-II examination on a later date.
(vi) Based on the results of Phase-II examinations candidates will be shortlisted for interview.
(vii) Final
selection will be through merit lists which will be prepared by adding
marks secured by candidates in Phase-II (Paper-I + Paper-II + Paper-III)
and Interview.
B. Duration of Examinations and Distribution of Marks
(i) Phase-I : Objective Type - 2 hours - 200 marks
(ii) Phase-II: Three Papers - 300 marks
Paper-I – online- English-( writing skills)- 1½ hours - 100 marks
Paper-II – Economic and Social Issues – 1½ hours – 100 marks
Paper-III - Optional Paper (Finance & Management/ Economics/ Statistics) – 1½ hours - 100 marks
(iii) Interview: 50 marks
The interview will continue in its existing format.
C. Educational Qualification
A Minimum of
60% marks (50% in case of SC/ST/PWD) or equivalent in Bachelor’s Degree
as well as in 12th and 10th standard examinations.
D. Age Criteria and Age Relaxation in upper age limit
(i) The present age criteria of “Between 21 to 30 years” will be retained.
(ii) For M. Phil and Ph. D candidates the upper age limit will be 32 and 34 years, respectively.
(iii) As per
extant practice age relaxation will be available to experienced
candidates viz. candidates having experience as an officer in Commercial
Bank/ Financial Institution in Public Sector as also candidates with
prior experience in Reserve Bank of India, to the extent of number of
years of such experience subject to a maximum of three years. For such
candidates, upper age limit should not exceed 33 years including
experience. For experience, probationary period will not be reckoned.
(iv) There are relaxations in upper age limit as per statutory requirements and for the staff.
As per existing
practice cumulative age relaxation will not be available in combination
with any items mentioned at (ii) (iii) & (iv).
E. Number of attempts:
The maximum
permissible number of attempts (which were applicable for candidates
belonging to Unreserved/General Category) has been increased from 4 to
6.
For detailed
information, candidates may carefully read the detailed advertisement
which will be uploaded on RBI website at the time of recruitment
process.
Annex – B
Syllabi
1. 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.
2. 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
3. Finance and Management:
(A) 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
(B) 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.
4. 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
5. 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 X 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.
