Syllabus & Exam Pattern of RBI Officer Grade B Recruitments 2016

About RBI Recruitment 2016.

Research (Grade B) Positions: Department of Economic and Policy Research, Reserve Bank of India (RBI)is inviting the eligible candidates for the recruitment of Research (Grade – B) positions on contractual basis.The candidates those desire to get this job may apply in prescribed application format on or before 25-12-2015.

Organization Name: RBI

Name of Post: Research Positions (Grade B)

No. of Posts:03

Eligibility Criteria.

Age Limit: Candidates age should be below 34 years. Relaxation of age will be applicable up to 03 years for OBC, 05 years for Ex-employees of banking institutions & 10 years for PWD candidates.

Educational Qualification: Candidates should possess Ph.D in  Economics or Finance from reputed University.

Selection Process: Candidates will be selected based on interview.

How to Apply: The candidate those desired to get this job may apply by sending  their signed application form with recent passport photograph, self attested copies proof of age, Ph.D certificate, CV, OBC certificate, PWD certificate by post or e mail to the General Manager, Reserve Bank of India Services Board, Third Floor, RBI Building, Opp. Mumbai Central Railway Station, Byculla, Mumbai – 400 008 on or before 25-12-2015.

Last Date for Receipt of Application: 25-Dec-2015.

Exam Pattern

  • Selection will be done on the basis of written examination and personal interview.Every candidate must read the exam pattern and syllabus before preparation to improves their attempt and ensures solving more number of questions in lesser time, and with higher accuracy.
  • Exam will be held in two phases :-
  • Phase 1: Online objective type examination
  • Phase 2:Written descriptive type examination.
  • Here is the exam pattern for both the phases:

Phase 1:

  • Total marks in the exam are 200.
  • Duration of the exam will be 3 hours.
  • Paper consists of 4 sections i.e. i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning.
  • Type of questions – objective type/multiple choice questions.
  • Examination would be held online, as per the RBI Officers  Exam 2016 Test Pattern,

Note: Candidates have to qualify the exam in each section as well as aggregate.On the basis phase 1 score candidates will be called for Phase 2 of the selection process.

Phase 2:

  • Type of questions – descriptive/written type.
  • Number of sections in the examination – (i) Paper I – English (ii) Paper II – Economic and Social Issues and (iii) Paper III – Finance and Management.
  • Each paper is of 3 hours duration, which carries 100 marks.
  • Paper 2 and Paper 3 of Phase 2 can be answered Hindi and English.

Note: Number of attempts is restricted to 4 times for General category candidates. No restriction applies to SC/ST/PwD candidates. Board will not furnish the marksheet to the candidates

After Phase 2 exam and interview marks will be made available on the official website after the results are issued.

Syllabus:

1. English (Writing Skills):The English 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.

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 ofRevenue, GST, Thirteenth Finance Commission and GST, FinanceCommission, Fiscal Policy, Fiscal Responsibility and BudgetManagement Act (FRBM).
  • Inflation: Definition, trends, estimates, consequences, and remedies
    (control): WPI, CPI – components and trends.

(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; PerformanceAppraisal – 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 InformationTechnology. Corporate Governance: Factors affecting Corporate Governance;Mechanisms of Corporate Governance.The questions on this section will be basic in nature.
4. Economics:
(a) Microeconomics

1. Consumers behaviour and firms; value of resources like land, labour and capital
2. Markets-monopoly, perfect and imperfect competition
3. General Equilibrium of price and activity, economic welfare and case forregulatory / policy interventions

(b) Macroeconomics
1. Measuring national income and its components; basic macro identities and idea of macro-balance; Goods and Financial Market Equilibrium (IS-LM Framework)
2. Major macro-economic school of thoughts; Classical, Keynesian and Monetarist
3. Consumption and Investment demand; demand management policies and their effectiveness
4. Money demand and supply; monetary and fiscal policies

(c) International Economics

1. Benefit of International trade; comparative and absolute advantage; effect of International trade on resources allocation and factor price Page 6 of 10 equalisation; non-conventional trade barriers, optimum currency areas
and effect of customs union
2. 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
1. Public Goods, instruments of financing, government tax and non-tax revenue
2. Direct and Indirect taxes, efficiency costs of commodity taxes, income taxation, labour supply and savings, corporate taxation and corporate behaviour
3. 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

1. 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
2. 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.
3. 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.

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 D 2 and Hotelling’s T 2 and its applications.

(6)Optimisation Techniques and Statistical Quality Control: LinearProgramming, Transportation Problem, Assignment Problem, Basics ofSimulation, 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, 2 2 and 2 3 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 byinterpolation, 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.

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