Reserve Bank of India Services Board, Mumbai ‘Advt. No. 3A /2023-24 Appendix-il SCHEME OF SELECTION AND SYLLABUS FOR OFFICERS IN GR B (DR)-GENERAL- 2023. Selection will be through ONLINE examinations and interview, Examinations will be held in two phases, as described in following paragraphs. (1) Phase-t online Examination (Objective Type): This will comprise a single Paper for 200 marks and will be held on July 09, 2023, Depending on the number of candidates, the examination may be held in multiple shifts and on some other days also. A candidate, however, must appear for examination in only one shift on the given day. The date, time and venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate from our website (www.rbi.org.in). The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method. (If the examination is held in more than one session, the scores across various sessions will be equated following IBPS' standard practice to adjust for slight differences in difficulty level of different test batteries used across sessions.) a) The Paper will consist tests of General Awareness English Language ii, Quantitative Aptitude and; iv. Reasoning A total time of 120 minutes will be given for answering. However, separate time will be allotted for each test, Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website Candidates have to secure minimum marks separately for each test as well as in aggregate, as may be prescribed by the Board. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shorlisted for Phase-II of the examination based on the aggregate marks obtained in Phase-I. The minimum aggregate cut-off marks for being shortlisted for Phase-II of the examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for Phase-II examination will be published on RBI website, tentatively within a week after Phase-| examination (ll) Phase-tl Online Examination: The Phase-lII online Examination will be conducted on July 30, 2023 only for the candidates who are shortlisted on the basis of results of Phase-I and based on the cutoff decided by the Board, The Phase-II examination will be in shifts. Candidates are required to appear forall shifts. Separate Admission Letters will be issued for each shift, The time- table for Phase-I will be intimated to the candidates concemed along with Admission Letter for Phase-Il. Phase-Hl online examination will consist of three papers as under: Name of Paper Type of Paper Time | Number of | _ Marks (Minutes) | questions Paper: 50% Objective Type 30 @ 50 Economic and Social Issues 50 50% Descriptive Type, | 90 Total 100 answers to be typed with the | Total 120 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, 22Reserve Bank of India Services Board, Mumbai ‘Advt. No. 3A /2023-24 Paper Il Descriptive, to be typed with | 90 3 700 English (Writing Skills) the help of the keyboard Paper-Iit: 50% Objective Type 720 @ 30 General Finance and 50 Management 50% Descriptive Type, Total 100 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. @For both Paper and Il, 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, candidate answers more than 4 questions in descriptive, first 4 shall be evaluated. NOTE: All question papers (in both the Phases, except the test of English) will be set bilingually in Hindi and English. ‘The Board reserves the right to modity the exam dates and time entirely at its discretion, (ll) Interview: Candidates will be shortlisted for the interview, based on aggregate of marks obtained in Phase-lI (Paper-I +Paper-ll +Paper-lll). The minimum aggregate cut off marks for being shortlisted for Interview will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted for interview will be published on RBI website at appropriate time and interview call letters will be sent on registered email ID, Interview will be of 75 marks. Candidate shall be required to undergo Personality Assessment conducted by the Bank before appearing for the Interview, no marks will be allotted for the same, and will not form part of the final selection criteria. Candidate may opt for interview either in Hindi or English. Final Selection will be through merit list which will be prepared by adding marks secured by candidates in Phase- ll examination and interview and grace marks as applicable as per extant rules. SYLLABI (Phase-t Pa :conomic and Social Issues (ES) 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 Co-operation; International Economic Issues Social Structure in India — Multiculturalism - Demographic Trends — Urbanisation and Migration — Gender Issues - Social Justice ‘Suggested reference material: ‘+ Books: indian Economy: 1. Uma Kapila (series of books) 2. Indian Economy: Misra & Puri (Latest Edition) 3, Growth and Development: Debraj Ray 4. Sociology: C.N. Shankar Rao 6. Public Finance - K K Andley and Sundaram 23Reserve Bank of India Services Board, Mumbai ‘Advt. No. 3A /2023-24 * Prominent Financial Newspapers + Magazines/Periodicals/ Bulletins including RBI Bulletins, EPW, India Today, etc. ‘= Reports: 1. World Development Report 2. Economic Survey of India 3, RBI Annual Report 4. Report on Trend and Progress of Banking in India, Report on Currency and Finance etc. 5, IMF: World Economic Outlook © Material sourced from RBI and BIS website Paper-ll -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, Paper sll - General Finance and Management: a) Financial System 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. Recent Developments in Global Financial System and its impact on Indian Financial System Role of Information Technology in Banking and Finance Non-Banking System Developments in Digital Payments N OOS b) nancial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, ete.), functions, instruments, recent developments. ¢) General Topics 1. Financial Risk Management 2. Basics of Derivatives 3, Global financial markets and International Banking — broad trends and latest developments 4, Financial Inclusion 5, Altermate source of finance, private and social cost-benefit, Public-Private Partnership 6. Corporate Governance in Banking Sector 7. The Union Budget - Concepts, approach and broad trends 8. 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.) 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 ‘Suggested reference material: 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, Report on Currency and Finance ete. 24Reserve Bank of India Services Board, Mumbai Advt. No. 3A /2023-24 * Economic Survey ‘= Material sourced from RBI website d) Management: + 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 behaviour; Personality: meaning, factors affecting personality, Big five model of personality; 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, Vrooms 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 and Corporate Governance: Meaning of ethics, why ethical problems occur in business. Theories of ethics: Utilitarianism: weighing social cost and benefits, Rights and duties, Justice and fairness, ethies 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 Ethies, 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. Suggested reference material: Management Stephen P. Robbins & Mary Coulter, Management. Stephen P. Robbins 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 B N: Business Ethics & Corporate Governance 25