Reserve Bank of India (RBI)

The Reserve Bank of India (RBI), often referred as Mint Street is India’s central bank and popularly known as Banker’s bank. It was established during British rule on 1 April 1935 as per the provisions given in the Reserve Bank of India Act. After India’s independence RBI was nationalized with the main motto to control the monetary policy in the country. Even it plays a major role in the Development Strategies laid down by the Government of India. All the banks in the country will be directly or indirectly under the control of the RBI. Other important functions of RBI are control of inflation, storing of foreign exchange reserves, etc. More information on RBI and central government job notification released by it can be found on the Drona website. The efficient functioning of RBI is necessary for the economic growth and stability in the country.

The important positions notified by the RBI are RBI assistants and RBI Grade B officers. For RBI assistants, the aspiring candidates should possess any degree with at least 50% marks in their graduation. The candidates must also possess fluency in the official language along with computer usage and knowledge. Candidates must apply online whenever the notification is issued for these government jobs. The application procedure is explained step by step in Drona.in under the heading how to apply.

The selection methodology comprises three phases, and a candidate must pass all the three phases for final selection. The first two phases, i.e., Preliminary and Mains examinations will be of written exams comprising of objective type questions. The last phase will be an interview. To qualify for the mains exam candidates must qualify preliminary exam and interview will be held for the candidates who gets qualified in the mains examination. Similar selection procedure can be found in the  recruitment of jobs in various other banks like SBI, NABARD, SIDBI, IDBI,  and IBPS. The preliminary exam will be for 100 marks, while mains exam will be for 200 marks and the interview will be for 35 marks. Aspiring candidates for the Grade B officers’ exam must have at least 60% marks throughout their academic background and must possess a minimum of Bachelors’ degree. Knowledge on Current affairs related to banks is necessary to clear the exam. The exam pattern will be similar to the RBI assistants’ exam pattern, however; the mains exam will be comprising of descriptive type questions also. The number attempts for general category candidates will be only six times whereas for reservation category candidates will not have any restriction on the number of attempts.