RBI Grade B Syllabus 2024 PDF Download: Check Exam Pattern for Phase 1 and Phase 2

RBI Grade B Syllabus 2024 PDF Download: Candidates aiming to crack the RBI Grade B exam can refer to the RBI Grade B exam pattern 2024 on this page. Also, get here the updated RBI Grade B Officer syllabus 2024 pdf free download link. The RBI Grade B syllabus 2024 pdf download is very much important for effective preparation. With the help of this updated RBI Grade B exam pattern 2024 and the RBI Grade B syllabus 2024 pdf free download, the candidates can crack the exams. Candidates who appear in the examination are advised to prepare well by going through the detailed RBI Grade B syllabus 2024 pdf for phase 1 and phase 2. By knowing the updated RBI Grade B Syllabus pdf 2024 download, you can prepare for all the topics. Moreover, the RBI Grade B syllabus 2024 pdf free download is useful to make a successful study plan. This article helps them to know the complete details regarding the RBI Grade B syllabus 2024 pdf free download and the updated RBI grade B exam pattern 2024.

Free Download RBI Grade B Syllabus 2024 PDF

 

RBI Grade B Exam Pattern 2024

The aspirants can check the RBI Grade B exam pattern 2024 given below. Along with this, we have provided the RBI Grade B syllabus 2024 pdf download link to cover all the sections as per the exam pattern. You can know the RBI Grade B exam pattern 2024 for all the posts. Also, the post-wise RBI Grade B syllabus 2024 is made available in a clear manner.

RBI Grade B Previous Year Paper

RBI Grade B Prelims Exam Pattern 2024 (DR) - General

Here the aspirants can check the RBI Grade B prelims exam pattern 2024 phase 1 for (DR) - General.

  • The RBI Grade B Phase 1 exam pattern 2024 consists of four sections.

  • There is a total of 200 questions placed in the RBI Grade B Phase-I exam.

  • The time duration is a total of 2 hours.

  • There will be 0.25 marks is detected for wrong answers.

All these sections will give you the detailed RBI Grade B syllabus phase 1 pdf 2024.

RBI Grade B Cut Off 2024

 

RBI Grade B Prelims Exam Pattern 2024 for (DR) General

Section

No. of Questions

Marks

Time

Reasoning

200

200

120 minutes (However, separate time will be allotted for each test)

Quantitative Aptitude

English Language

General Awareness

RBI Grade B Exam Pattern 2024 Phase 2 for (DR) General

Here we have provided the RBI Grade B exam pattern 2024 phase 2 (DR) - General. Along, with the exam pattern, a detailed RBI Grade B Syllabus phase 2 pdf 2024 is given.

  • The RBI Grade B Phase 2 exam consists of three papers.

  • Phase II consists of both objective and descriptive papers.

  • Totally, the exam is conducted for 300 marks. 

RBI Grade B Vacancy

RBI Grade B Phase 2 Exam Pattern 2024 for Officer (DR) - General

Name of Paper

Type of Paper

Time

No. of questions

Marks 

Paper-I: Economic and Social Issues

50% Objective Type

30 minutes

@



50



50% Descriptive, answers to be typed with the help of the keyboard Candidates opting to type the answers in Hindi, may type with the help of either: (i) Inscript or (ii) Remington (GAIL) keyboards layout.

90 minutes 50

TOTAL

120 minutes 100

Paper-II: English (Writing Skills)

Descriptive, answers to be typed with the help of the keyboard

90 minutes

3

100

Paper-III: General Finance and Management

50% Objective Type

30 minutes

@

50

50% Descriptive, answers to be typed with the help of the keyboard Candidates opting to type the answers in Hindi, may type with the help of either: (i) Inscript or (ii) Remington (GAIL) keyboards layout.

90 minutes

50

TOTAL

120 minutes

100

@ For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each). In case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each). In case, the candidate answers more than 4 questions in descriptive, first 4 shall be evaluated.

RBI Grade B Salary 2024

RBI Grade B Exam Pattern 2024 (DR) - DEPR

Here is the RBI Grade B exam pattern 2024 for (DR) - DEPR posts. For these posts also, the RBI Grade B syllabus 2024 pdf download is available here for all papers

  • The selection process will be through Online/ Written Examination (WE) and interviews.

  • There are 3 papers for the Examination.

  • Candidates, who secure minimum aggregate marks in Paper I, as prescribed, will be shortlisted for Paper II / Paper III of the examination based on the marks obtained in Paper-I. 

RBI Grade B Exam Pattern 2024 for (DR) - DEPR

Phase

Name of Paper

Time

Marks

Phase 1

Paper-I Objective Type (on Economics) 

120 minutes

100

Paper-II English – Descriptive (To be typed with help of keyboard)

120 minutes

100

Phase 2

Paper-I Descriptive Type (on Economics) (Question paper displayed on the computer, answers to be written on paper)

120 minutes



100

Paper-II Descriptive Type (on Economics) (Question paper displayed on the computer, answers to be written on paper)

120 minutes

100

 

Total

 

400

RBI Grade B Exam Pattern 2024 (DR) - DSIM

Here we have provided the RBI Grade B exam pattern 2024 for (DR) - DSIM posts. For these posts, we have given the RBI Grade B syllabus 2024 pdf download for all papers.

RBI Grade B Exam Pattern 2024 for (DR) - DSIM

Name of Paper

Time

Marks

Paper I - Objective Type (on Statistics) 

120 minutes

100

Paper II - Descriptive Type (on Statistics) (Question paper displayed on the computer, answers to be written on paper)

180 minutes

100

Paper III - English – Descriptive (To be typed with help of keyboard)

90 minutes

100

Total

 

300

RBI Grade B Syllabus 2024 PDF Free Download

The aspirants who are all are searching for RBI Grade B new Syllabus pdf 2024 download can get them here. RBI Grade B Syllabus 2024 is elaborately explained below. It helps the aspirants to concentrate on the subject and secure more marks in the first level of the exam. The selection procedure for RBI Grade B 2024 will be conducted in three phases as mentioned in notification. For all phases, aspirants can check the RBI Grade B new syllabus 2024 PDF free download here. RBI Grade B syllabus pdf download 2024 will cover all the sections as per the exam pattern.

Free Download RBI Grade B Syllabus 2024 PDF

RBI Grade B Phase 1 Syllabus 2024 PDF (DR) General - Quantitative Aptitude

The aspirants can check the RBI Grade B phase 1 syllabus 2024 pdf free download given below in the table for Quantitative aptitude.

RBI Grade B Prelims Syllabus 2024 PDF Download - DR - General (Quantitative Aptitude)

RBI Grade B Prelims Syllabus 2024 PDF (DR) General - English Language

The English section of RBI Grade B Syllabus 2024 pdf free download is given below.  This section is mostly based on grammar topics. Practice daily to avoid grammar mistakes in this section.

RBI Grade B Phase 1 Syllabus 2024 PDF for DR - General (English Language)

RBI Grade B Phase 1 Syllabus 2024 PDF (DR) General - Reasoning

The Reasoning section in RBI Grade B Syllabus pdf download 2024 is given below. This section is difficult by practicing constantly to clear the reasoning topics.

RBI Grade B Syllabus 2024 PDF Free Download for DR - General (Reasoning)

RBI Grade B Prelims Syllabus 2024 PDF (DR) General - General Awareness

The General Awareness section for RBI Grade B Syllabus 2024 pdf free download is given below. Without the knowledge of daily current affairs and details of our country, no one can able to answer this section.

RBI Grade B Prelims Syllabus 2024 PDF Download for DR - General (General Awareness)

RBI Grade B Syllabus 2024 PDF (DR) General - Phase 2

The aspirants can check the RBI Grade B syllabus Phase 2 pdf 2024 provided below. The RBI Grade B Syllabus 2024 for DR - General phase 2 consists of three subjects. They are Economic & Social Issues, Finance, and Management.

RBI Grade B Syllabus 2024 PDF (DR) General - Phase 2 - Paper 1: Economic and Social Issues (ESI)

The candidates can check here the RBI Grade B Syllabus 2024 pdf free download for phase 2 - paper 1.

Growth and Development – Measurement of growth - National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.

Indian Economy– Economic History of India - Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 – Priorities and recommendations of Economic Survey and Union Budget – Indian Money and Financial Markets - Linkages with the economy – Role of Indian banks and Reserve Bank in the development process - Public Finance - Political Economy - Industrial Developments in India- Indian Agriculture - Services sector in India. 

Globalization– Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation; International Economic Issues

Social Structure in India– Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice.

RBI Grade B Syllabus 2024 PDF (DR) General - Phase 2 -  Paper 2: English Writing Skills

RBI Grade B Syllabus 2024 pdf free download for paper 2 on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

RBI Grade B Syllabus 2024 PDF (DR) General - Phase 2 - Paper 3: Finance and Management

Check here the updated RBI Grade B Syllabus 2024 pdf free download for paper 3.

Financial System

The financial system section for the RBI Grade B Syllabus 2024 pdf for paper 3 is given below. Study the topics given below.

1. Structure and Functions of Financial Institutions
2. Functions of Reserve Bank of India
3. Banking System in India – Structure and Developments, Financial Institutions – SIDBI, EXIM Bank, NABARD, NHB, NaBFID etc.
4. Recent Developments in Global Financial System and its impact on Indian Financial System
5. Role of Information Technology in Banking and Finance
6. Non-Banking System
7. Developments in Digital Payments
.

Financial Markets

The financial markets section for RBI Grade B Syllabus 2024 pdf free download for paper 3 is given below.

  • Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.

General Topics

The general topics section for the RBI Grade B Syllabus pdf 2024 download for paper 3 is given below. Study the topics given below.

  • Financial Risk Management

  • Basics of Derivatives

  • Global financial markets and International Banking – broad trends and latest developments.

  • Financial Inclusion

  • Alternate source of finance, private and social cost-benefit, Public-Private Partnership

  • Corporate Governance in Banking Sector

  • The Union Budget – Concepts, approach, and broad trends

  • Inflation - Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends; striking a balance between inflation and growth through monetary and fiscal policies.

  • Basics of Accounting and Financial Statements - Balance Sheet, Profit and Loss, Cash Flow Statements, Ratio Analysis (such as Debt to Equity, Debtor Days, Creditor Days, Inventory Turnover, Return on Assets, Return on Equity, etc.)

Management

The management section for RBI Grade B Syllabus pdf download 2024 for paper 3 is given below. Prepare the topics given below.

Fundamentals of Management & Organizational Behaviour - Introduction to management; Evolution of management thought: Scientific, Administrative, Human Relations, and Systems approach to management; Management functions and Managerial roles; Nudge theory Meaning & concept of organizational behavior; Personality: meaning, factors affecting personality, Big five model of personality; the concept of reinforcement; Perception: concept, perceptual errors. Motivation: Concept, importance, Content theories (Maslow’s need theory, Alderfers’ ERG theory, McCllelands’ theory of needs, Herzberg’s two-factor theory) & Process theories (Adams equity theory, Vroom's expectancy theory).

Leadership - Concept, Theories (Trait, Behavioural, Contingency, Charismatic, Transactional and Transformational Leadership; Emotional Intelligence: Concept, Importance, Dimensions. Analysis of Interpersonal Relationship: Transactional Analysis, Johari Window; Conflict: Concept, Sources, Types, Management of Conflict; Organizational Change: Concept, Kurt Lewin Theory of Change; Organizational Development (OD): Organisational Change, Strategies for Change, Theories of Planned Change (Lewin’s change model, Action research model, Positive model).

Ethics at the Workplace - Meaning of ethics, why ethical problems occur in business. Theories of ethics: Utilitarianism: weighing social cost and benefits, rights and duties, Justice and fairness, ethics of care, integrating utility, rights, justice and caring, An alternative to moral principles: virtue ethics, teleological theories, egoism theory, relativism theory, Moral issues in business: Ethics in Compliance, Finance, Human Resources, Marketing, etc. Ethical Principles in Business: introduction, Organization Structure, and Ethics, Role of Board of Directors, Best Practices in Ethics Programme, Code of Ethics, Code of Conduct, etc.

Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

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.

The best books for RBI Grade B Phase 2 are here. By preparing with these books the aspirants can score more marks in the examination. The aspirants thoroughly check the RBI Grade B Syllabus 2024 pdf free download and follow the books suggested here.

Subject

Suggested Reference Material

Economic and Social Issues

Uma Kapila (series of books) 

Indian Economy: Mishra & Puri (Latest Edition) 

Growth and Development: Devraj Ray 

Sociology: C.N. Shankar Rao 

Public Finance - K K Andley and Sundaram

Prominent Financial Newspapers

Magazines/Periodicals/ Bulletins including RBI Bulletins, EPW, India Today, etc.

Reports - World Development Report, Economic Survey of India, RBI Annual Report, Report on Trend and Progress of Banking in India, Report on Currency and Finance etc., IMF: World Economic Outlook

Material sourced from RBI & BIS website

Finance

Monetary Theory and Public Policy – Kenneth Kurihara

Indian Economy – Mishra & Puri

Economic Growth and Development – Mayer and Baldwin

Financial Management – Prasanna Chandra

Major financial newspapers

International business by Hill and Jain

RBI Annual Report, Report on Trend and Progress of Banking in India, etc.

Economic Survey

Material sourced from RBI website

Management

Stephen P. Robbins & Mary Coulter, Management.

Robbins Stephen P and Judge T.A. Vohra, Organisational Behaviour

Dessler Gary, Warkkey Biju- Human Resource Management

Decenzo and Robbins- Fundamentals of Human Resource Management

Velasquez Manuel G: Business Ethics- Concepts and Cases.

Fernando A.C.: Business Ethics – An Indian Perspective.

Crane Andrew & Matten Dirk: Business Ethics

Ghosh BN: Business Ethics & Corporate Governance 

RBI Grade B Syllabus 2024 (DR) - DEPR

The candidates can check here the RBI Grade B Syllabus 2024 for (DR)-DPER.

RBI Grade B Syllabus 2024 (DR) - DEPR - Phase I - Paper I - Objective Type (on Economics)

(1) Microeconomics (Theories of consumer’s demand; Production; Market Structures and Pricing; Distribution; and Welfare Economics)

(2) Macro Economics (Theories of Employment, Output and Inflation; Monetary Economics; ISLM Model; Schools of Economic Thought)

(3) International Economics (Theories of International Trade; Balance of Payments; Exchange Rate Models)

(4) Theories of Economic Growth and Development (Classical neo-classical approaches to economic growth and major theories of economic development)

(5) Public Finance (Theories of taxation and public expenditure and Public Debt Management)

(6) Environmental Economics (Green GDP, Environmental Valuation, Environmental policy instruments)

(7) Quantitative Methods in Economics (Mathematical and Statistical Methods for Economics, Ordinary Least Square Regression)

(8) Current developments in Indian Economy (Growth, inflation, poverty, unemployment, financial sector developments, external sector developments, fiscal developments, agriculture, industry, infrastructure, and services)

RBI Grade B Syllabus 2024 (DR) - DEPR - Phase I - Paper 2 - Descriptive Type (English)

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

RBI Grade B Syllabus 2024 (DR) - DEPR - Phase 2 - Paper 1 - Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)

Microeconomic Module:

Consumer Theory: Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve Analysis, Price, Income and Substitution Effects, Game Theory

Production Theory: Forms of Production function; Laws of Returns to Scale; Partial Equilibrium Vs General Equilibrium Analysis

Market Theory: Pricing under different market structures

Distribution Theories: Ricardo, Marx, Kalecki and Kaldor

Welfare Economics: Pareto Optimality, Schools of Welfare Thought including Arrow, Coase and Sen

Macroeconomic Module:

National Income Accounting: Various methods for measurement of National Income

Theory of employment and Output: Classical and Neo-classical approaches, Keynesian theory of Employment and output, Post-Keynesian developments, Business Cycles

Inflation: Types of Inflation, Philip's curve, Taylor’s Rule, Lucas Critique

Money and Banking: Quantity theory of Money, Neutrality of money, IS - LM Model and AD-AS Models, Money Multiplier, Monetary Policy – Scope, Objectives and instruments, Inflation targeting

Theories of Economic Growth and Development: Theories of growth, Classical and neoclassical approaches, Theories of Economic Development

International trade and Balance of payments: Theories of international trade, Determination of exchange rates, Impossible Trinity

Public Finance: Theories of taxation, Theories of public expenditure, Theories of public debt management

(Equal weightage will be given to Microeconomic and Macroeconomic modules)

RBI Grade B Syllabus 2024 (DR) - DEPR - Phase 2 - Paper 2 - Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)

Module on Quantitative Methods in Economics:

Mathematical Methods in Economics: Differentiation and Integration, Optimisation, Sets, Matrices, Linear algebra and Linear programming

Statistical Methods in Economics: Measures of central tendency and dispersions, Probability, Time series, Index numbers.

Econometrics and advanced Applications: Regression analysis, Panel data econometrics, Time Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/ Machine Learning

Module on Indian Economy – Policy and Trends:

Fiscal policy in India: Evolution, scope and limitations, current trends

Monetary Policy in India: Evolution, Functions of the Reserve Bank of India, MonetaryFiscal coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends

Banking and financial sector development in India: Banks and other constituents of Indian financial markets and related developments, Current trends

Inflation in India: Trends and drivers

External sector developments in India: Exchange rate management, external debt, Balance of payments, Current trends

Sectoral and other developments in India: Agriculture, industry, services and social sector-related developments

(Equal weightage will be given to Quantitative Economics and Indian Economy-related modules)

Suggested reading material: For Phase - II (Paper I - Micro and Macroeconomics Modules)

Subject

Materials

Microeconomics

Hal R. Varian; Intermediate Microeconomics: A Modern Approach, 9th edition, 2019. The workbook, Workouts in Intermediate Microeconomics, by Hal R. Varian and Theodore C. Bergstrom may be used for problems.

A. Koutsoyiannis; Modern Microeconomics, International Edition.

C.E. Ferguson and J.P. Gould; Microeconomic Theory.

Macroeconomics

Dornbusch, Fischer and Startz; Macroeconomics, McGraw Hill, 13th edition, 2018.

Olivier Blanchard; Macroeconomics, Pearson Education, Inc., 8th edition, 2021.

Brian Snowdon and Howard R. Vane; Modern Macroeconomics: Its Origin, Development and Current State, Edward Elgar Publishing Ltd, 2005.

International Economics

Paul R. Krugman, Maurice Obstfeld and Marc Melitz; International Economics: Theory and Policy, Pearson Education, 12th edition, 2022.

Dominick Salvatore; International Economics: Trade and Finance, Wiley, 11th edition, 2014.

Public Finance

Richard A. Musgrave and Peggy B. Musgrave; Public Finance in Theory and Practice, McGraw Hill, 5th edition, 2017.

Stiglitz, J.E. and Jay K. Rosengard Economics of the Public Sector, W.W. Norton & Company, 4th edition, 2015.

Growth and Development

A.P. Thirlwall; Economics of Development: Theory and Evidence, Macmillan, 9th edition, 2011.

Debraj Ray, Development Economics, Oxford University Press, 2009.

Basu, K., Analytical Development Economics, The Less Developed Economy Revisited, MIT Press, 2003

Suggested reading material: For Phase - II (Paper II - Modules on Quantitative Methods in Economics and Indian Economy)

Mathematical Methods in Economics

Simon, Carl P. and Lawrence Blume; Mathematics for Economists, W. W. Norton & Company, Inc., 1994.

Kevin Wainwright and Alpha C. Chiang; Fundamental Methods of Mathematical
Economics, 4th edition, McGraw-Hill, 2005

Econometrics

D. N. Gujarati and D.C. Porter; Essentials of Econometrics, McGraw-Hill, 4th edition, International Edition, 2010.

Wooldridge, J.M; Introductory Econometrics: A Modern Approach, Cengage Learning, 7th edition, 2022.

Statistics

N. G. Das; Statistical Methods, McGraw-Hill, 2008.

Miller, I., Miller, M.; John E. Freund’s Mathematical Statistics with Applications, 8th edition, Pearson, 2021.

Indian Economy

Economic Survey, Government of India, Various Issues

India Development Report, Oxford University Press, Various Issues.

Uma Kapila, Indian Economy since Independence, Academic Foundation, Various Issues.

RBI Annual Report – Last two years.

RBI Report on Trends and Progress of Banking in India – Last two years.

Monetary Policy Reports – Last two years.

Financial Stability Report – Last two years

RBI Grade B Syllabus 2024 (DR) - DSIM

The aspirants can check the RBI Grade B Syllabus 2024 pdf free download for (DR)-DSIM Post.

Paper-I: Questions would cover Probability: Definition of Probability, Standard distribution, Large and small sample theory, Analysis of Variance, Estimation, Testing of Hypotheses, Multivariate analysis, and Stochastic Processes.

Paper-II: Questions would cover (i) Probability and Sampling, (ii) Linear Models and Economic Statistics, (iii) Statistical Inference: Estimation, Testing of hypothesis and Non-parametric Test, (iv) Stochastic Processes, (v) Multivariate analysis (vi) Econometrics and time series, (vii) Statistical computing; and (viii) Data Science, Artificial Intelligence and Machine Learning Techniques.

The detailed syllabus for paper 2 here:

1. Theory of Probability and Probability Distributions:

Classical and axiomatic approach of probability and its properties, Bayes Theorem and its application, strong and weak laws of large numbers, characteristic functions, central limit theorem, probability inequalities.

Standard probability distributions – Binomial, Poison, Geometric, Negative binomial, Uniform, Normal, exponential, Logistic, Log-normal, Beta, Gamma, Weibull, Bivariate normal etc.

Exact Sampling distributions - Chi-square, student’s t, F and Z distributions and their applications. Asymptotic sampling distributions and large sample tests, association and analysis of contingency tables.

Sampling Theory: Standard sampling methods such simple random sampling, Stratified random sampling, Systematic sampling, Cluster sampling, Two stage sampling, Probability proportional to size etc. Ratio estimation, Regression estimation, non-sampling errors and problem of non-response, and Correspondence and categorical data analysis.

2. Linear Models and Economic Statistics

Simple linear regression - assumptions, estimation, and inference diagnostic checks; polynomial regression, transformations on Y or X (Box-Cox, square root, log etc.), method of weighted least squares, inverse regression. Multiple regression - Standard Gauss Markov setup, least squares estimation and related properties, regression analysis with correlated observations. Simultaneous estimation of linear parametric functions, Testing of hypotheses; Confidence intervals and regions; Multicollinearity and ridge regression, LASSO.

Definition and construction of index numbers, Standard index numbers; Conversion of chain base index to fixed base and vice-versa; base shifting, splicing and deflating of index numbers; Measurement of economic inequality: Gini's coefficient, Lorenz curves etc.

3. Statistical Inference: Estimation, Testing of Hypothesis and Non-Parametric Test

Estimation - Concepts of estimation, unbiasedness, sufficiency, consistency and efficiency. Factorization theorem. Complete statistic, Minimum variance unbiased estimator (MVUE), Rao-Blackwell and Lehmann-Scheffe theorems and their applications. Cramer-Rao inequality.

Methods of Estimation - Method of moments, method of maximum likelihood estimation, method of least square, method of minimum Chi-square, basic idea of Bayes estimators.

Principles of Test of Significance - Type-I and Type-II errors, critical region, level of significance, size and power, best critical region, most powerful test, uniformly most powerful test, Neyman Pearson theory of testing of hypothesis. Likelihood ratio tests, Tests of goodness of fit. Bartlett's test for homogeneity of variances.

Non-Parametric Test - The Kolmogorov-Smirnov test, Sign test, Wilcoxon Signed-rank test, Wilcoxon Rank-Sum test, Mann Whitney U-test, Kruskal-Walls one way ANOVA test, Friedman's test, Kendall's Tau coefficient, Spearman's coefficient of rank correlation.

4. Stochastic Processes

Poisson Processes - Arrival, interarrival and conditional arrival distributions. Non-homogeneous Processes. Law of Rare Events and Poisson Process. Compound Poisson Processes.

Markov Chains - Transition probability matrix, Chapman- Kolmogorov equations, Regular chains and Stationary distributions, Periodicity, Limit theorems. Patterns for recurrent events. Brownian Motion - Limit of Random Walk, its defining characteristics and peculiarities; Martingales.

5. Multivariate Analysis

Multivariate normal distribution and its properties and characterization; Wishart matrix, its distribution and properties, Hotelling’s T2 statistic, its distribution and properties, and its applications in tests on mean vector, Mahalanobis’ D2 statistics; Canonical correlation analysis, Principal components analysis, Factor analysis and cluster analysis.

6. Econometrics and Time Series

General linear model and its extensions, ordinary least squares and generalized least squares estimation and prediction, heteroscedastic disturbances, pure and mixed estimation. Auto correlation, its consequences and related tests; Theil BLUS procedure, estimation and prediction; issue of multi-collinearity, its implications and tools for handling it; Ridge regression.

Linear regression and stochastic regression, instrumental variable regression, autoregressive linear regression, distributed lag models, estimation of lags by OLS method. Simultaneous linear equations model and its generalization, identification problem, restrictions on structural parameters, rank and order conditions; different estimation methods for simultaneous equations model, prediction and simultaneous confidence intervals.

Exploratory analysis of time series; Concepts of weak and strong stationarity; AR, MA and ARMA processes and their properties; model identification based on ACF and PACF; model estimation and diagnostic tests; BoxJenkins models; ARCH/GARCH models.

Inference with Non-Stationary Models - ARIMA model, determination of the order of integration, trend stationarity and difference stationary processes, tests of non-stationarity.

7. Statistical Computing

Simulation techniques for various probability models, and resampling methods jack-knife, bootstrap and crossvalidation; techniques for robust linear regression, nonlinear and generalized linear regression problem, treestructured regression and classification; Analysis of incomplete data – EM algorithm, single and multiple imputation; Markov Chain Monte Carlo and annealing techniques, Gibbs sampling, Metropolis-Hastings algorithm; Neural Networks, Association Rules and learning algorithms.

8. Data Science, Artificial Intelligence and Machine Learning Techniques

Introduction to supervised and unsupervised pattern classification; unsupervised and reinforcement learning, basics of optimization, model accuracy measures.

Supervised Algorithms

Linear Regression, Logistic Regression, Penalized Regression, Naïve Bayes, Nearest Neighbour, Decision Tree, Support Vector Machine, Kernel density estimation and kernel discriminant analysis; Classification under a regression framework, neural network, kernel regression and tree and random forests.

Unsupervised Classification

Hierarchical and non-hierarchical methods: k-means, k-medoids and linkage methods, Cluster validation indices: Dunn index, Gap statistics.

Bagging (Random Forest) and Boosting (Adaptive Boosting, Gradient Boosting) techniques; Recurrent Neural
Network (RNN); Convolutional Neural Network; Natural Language Processing.

 

Paper-III: English: The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Suggested Reading Material for paper 1 & 2

Subject 

Material

Theory of Probability and Probability Distributions

Rohatgi, V. K. and Saleh, A.K. Md. E. (2005). An Introduction to Probability and Statistics

Goon, A.M., Gupta, M.K. and Dasgupta. B. (1985). An Outline of Statistical Theory VolI & II

Sukhatme, P.V., Sukhatme, B.V., Sukhatme, S. and Asok, C. (1984). Sampling Theory of Surveys with Applications

S. C. Gupta, V. K. Kapoor (2000). Fundamentals of Mathematical Statistics

W.G. Cochran (1977). Sampling Techniques

Linear Models and Economic Statistics

P.G. Hoel, S.C. Port and C.J. Stone (1971). Introduction to Statistical Theory

A.M. Mood, F.A. Graybill and D.C. Boes (1974). Introduction to Theory of Statistics

R. G. D. Allen (1975). Index Numbers in Theory and Practice

Statistical Inference

Kale, B.K. (1999). A First Course on Parametric Inference

Rao, C.R. (1973). Linear Statistical Inference and Its Applications

Bartoszynski, R. and Bugaj, M.N. (2007). Probability and Statistical Inference

Gibbons, J.D. and Chakraborti, S. (1992). Nonparametric Statistical Inference

Stochastic Processes

Bhat, B.R. (2000). Stochastic Models- Analysis and Applications

Prabhu, N.U. (2007). Stochastic Processes: Basic Theory and its Applications

J. Medhi (2009). Stochastic Process

Multivariate Analysis

Anderson, T.W. (2003). An Introduction to Multivariate Statistical Analysis

Arnold, Steven F. (1981). The Theory of Linear Models and Multivariate Analysis

Giri, N.C. (1977). Multivariate Statistical Inference, Academic Press

Alvin C. Rencher (2012). Methods of Multivariate Analysis

Econometrics and Time Series

Johnston, J. (1984). Econometric Methods

James H. Stock and Mark W. Watson (2019). Introduction to Econometrics

J.D. Hamilton (1994). Time Series Analysis

William H. Greene (2018). Econometric Analysis

Statistical Computing and Data Science, Artificial Intelligence and Machine Learning Techniques

Sheldon M. Ross (2012). Simulation

Trevor Hastie, Robert Tibshirani, Jerome Friedman (2009). The Elements of Statistical Learning, Data Mining, Inference, and Prediction, Second Edition

Charu C. Aggarwal (2018). Neural Networks and Deep Learning

Roger D. Peng: Advanced Statistical Computing

William J. Kennedy, Jr. and James E. Gentle: Statistical Computing

RBI Grade B Syllabus 2024: FAQs

Here are the RBI Grade B Syllabus 2024 pdf related questions given below.

Q. How to download RBI Grade B new Syllabus 2024 pdf?

The aspirants can check this page to get new RBI Grade B Syllabus 2024 pdf free download.

Q. Where can I find the detailed RBI Grade B exam pattern 2024?

You can check the latest RBI Grade B exam pattern 2024 above for both phase 1 and phase 2 examinations.

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