About the organisation:
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.
Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
Applications are invited for the post mentioned below in Reserve Bank of India
Officers in Grade B (General) (Direct Recruitment – DR) : 75 Posts
Important dates:11.59 P.M. on 26.09.2011
Ist Class Bachelor Degree with 60% marks or an equivalent OR A IInd class Master Degree with 55% marks or equivalent OR A Doctorate Degree with 50% marks in Master Degree or equivalent OR Chartered / Cost Accountant / Company Secretary (ACS) with a Bachelor Degree OR A PG Diploma in Management / MBA with Graduation / Bachelor Degree.
Age limit:Between 21 and 30 years
Selection will be through Written Examinations (WE) and Interview. ‘WE’ will be held in two phases as under:
(I) Phase I (Objective Type Test): This Paper of 3 hours duration for 200 marks will be held on Sunday, the December 18.2011. The Paper consists tests of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning. Candidates have to secure minimum marks separately for each test as prescribed by the Board. Candidates who secure minimum marks separately for each Test as prescribed will be shortlisted for Phase II of the ‘WE’ based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being shortlisted for Phase II of the WE will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates successful in Phase I of the WE are likely to be published in Employment News / Rozgar Samachar, on the RBI website and a brief notice thereof in leading newspapers in January /February 2012.
(II) Phase II (Descriptive Type Test): The Phase II Examination will be conducted in March/April 2012 (tentative) only for those candidates who are successful in Phase I (Objective Type Test). The date and time-table will be intimated to the candidates concerned at the appropriate time. The Examination will consist of three Descriptive Type papers-
(i) Paper I – English (ii) Paper II – Economic and Social Issues and (iii) Paper III – Finance and Management. Each of these papers is of 3 hours duration carrying 100 marks.
NOTE: Phase I (except the test of English) and Papers II and III of Phase II will be set bilingually in Hindi and English. Phase I is Objective Type and only marking the correct choice is required. However, Papers II and III of Phase II can be answered either wholly in Hindi or English at the candidate’s option.
(III) Syllabus (Phase II):
(i) Paper I- English:
Essay, Precis writing, Comprehension, Business/Office Correspondence.
(ii) Paper II – 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 – Privatisation – 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 – Urbanisation and Migration – Gender Issues – Social Justice: Positive Discrimination in favour of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.
(iii) Paper III – Finance and Management:
Finance: The Union Budget – Direct and Indirect taxes; Non-tax sources of revenue; Outlays; New Measures; Financial Sector Reforms; Capital Market, Money Market and Foreign Exchange Market; Stock Exchanges and their Regulation; Capital Market Intermediaries and their Regulation; Role of SEBI; Functions of the Money Market; Growth and Operation of the Money Market; The Foreign Exchange Market; From FERA to FEMA; Exchange Rate Management; Exchange Risk Management; Role of Banks and Financial Institutions in Economic Development; Regulation of Banks and Financial Institutions; Disinvestment in Public Sector Units.
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 Counseling – 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.
NOTE: The above syllabus is only indicative and not exhaustive. Keeping in view that candidates from different faculty backgrounds apply for the post, the questions in Papers II and III will be basic in nature. Candidates will be short-listed for interview based on the aggregate marks obtained only in Phase II – Papers I. II and III. The minimum cut off marks for being short-listed for interview will be decided by the Board in relation to the number of vacancies. Candidates may answer the Interview either in Hindi or English at their option. Final selection will be based on the performance of the candidate in Phase II of the ‘WE’ and Interview.
(d) Number of attempts:
Candidates belonging to Unreserved Category, who had already appeared four times for WE’ for this post in the past, are not eligible to apply. No such restriction to candidates belonging to SC\ST\OBC\PWD, if the posts are reserved forthem.
(e) Pre-examination training for SC/ST/PWD candidates:
The Bank arranges pre-examination training for Phases I and II of the examination for SC/ST/PWD candidates, free of cost, at the centres where the Bank has its offices. Candidates who desire to avail of the training may apply separately to the Regional Director/General Manager, Reserve Bank of India at any one of the centres marked (**) below, whichever is convenient to them in the format furnished below on or before October 3, 2011. Candidates should not send their application for training to the Reserve Bank of India Services Board’s Office (Board) as the Board will not entertain such applications.
Rs.100/- payable by Demand Draft favouring Reserve Bank of India and payable at Mumbai only (No fee for SC/ST/PWD candidates)
Procedure to apply:
Candidates can apply for the post either off-line on the prescribed format or submit the application online using the URL http://onlinedr.rbi.org.in followed up by sending a printout (hardcopy) of the online application to the Board’s office. Offline Application or printout of the Online Application (hard copy) have to be sent by ordinary post to The General Manager, Reserve Bank of India Services Board, Post Bag No. 14501, Mumbai Central Post Office, Mumbai-400008.
Reserve Bank Of India Services Board,