EduTapians speak- Written interview with Mr Abhinav Prakash (RBI Grade B 2017 Batch Officer)

Introduction Questions:

  1. Tell us something about your educational qualification.

I have done my graduation in Chemical engineering from Birla Institute of Technology and Science(BITS), Pilani, Rajasthan .

  1. Do you have any work experience?

After college I dedicated two years for full time UPSC preparation, but thereafter I took a job and currently I am working in a startup in Bangalore.

  1. How did you make up your mind for giving RBI Grade B?

During my UPSC preparation I came in touch with one senior UPSC aspirant who got selected into RBI as Grade B officer. Also I learnt about  the role of RBI in Indian economy as well as the exposure and growth opportunities provided by RBI to its employees. This motivated me to prepare for RBI.

  1. Was this your first attempt?

This was my fourth attempt and first interview . In earlier three attempts I failed in pre twice and appeared for mains once.

Exam Strategy Questions:

Since I was preparing for UPSC exam so my strategy would be more beneficial for candidates who have been into serious UPSC preparation.

  1. Give us a brief about your daily study routine.

Since I had a full time job, I  managed 1 hour of study in the morning and 2-3 hours after office hours.

  1. Tell us about the strategy that you followed for Phase 1.

Quants – Magical book on quicker math by M. Tyra, Arun sharma for D.I

Reasoning – Analytical reasoning by M.K Pandey

GA – Affairs cloud pocket pdf for  3 months prior to phase 1, Budget and Economic survey summary (with focus on facts and numbers), Banking awareness , FAQs section from RBI website.

English – Nothing specific, daily reading of Hindu newspaper can be immensely useful for this section

Most importantly , I joined Practicemock test series and analysed the test papers . This helped me to identify weak areas and work on them from aforementioned books.

  1. What was your strategy for Phase 2, ESI Paper?

Since I had studied both Economics and Social issues during UPSC preparation which helped me grasp the basics of Indian economy as well as society. But ESI paper is mainly focused on current events , important facts and Government Schemes .Hence focus should be on both basics as well as current issues.

Study material and resources for ESI paper which I followed-

  • NCERT (Macroeconomics class 12)
  • Indian economy by Ramesh Singh ,
  • Mrunal video lectures on economy (very informative and freely available )
  • Economics, Social issues and Schemes for last 1 years from Vision IAS Current Affairs monthly or Compilation named as PT 365(freely available  on their website).
  • Edutap test series
  • Census 2011 and SECC summary
  • Economic Survey summary
  • Affairs cloud pocket PDFs of last 6 months (economics and business sections)
  1. What was your strategy for Phase 2, FM Paper?
  • Financial Management by Prasanna Chandra (Chapter 1 to 8),
  • Numericals from Edutap test series and  internet search of topics unknown to me.
  • A brief overview and history of Financial and regulatory institutions like RBI, NABARD, SIDBI, SEBI , NHB etc.

Study material and resources for Management-

  • Selective reading of Public Administration by Laxmikanth (Since I had public administration as one of the optional in UPSC exam)
  • Principles of Management by Stephen P Robbins
  1. What was your strategy for Phase 2, English Paper?

Daily reading of The Hindu

  1. In how many months were you able to complete your preparations for the RBI Grade B exam?

This has been ongoing process for me for last 4 years along with UPSC preparation.

  1. How important were ‘Revisions’ in your preparations?

Revision especially for GA in phase 1 and in the gap between phase 1 and 2 exam is very important as we need to remember lots of factual information. I find tests as the best way of revision.

  1. How important is the role of Current Affairs in the RBI Grade B preparations?

For phase 1 – General Awareness consists of 80 marks  out of which most of the questions are from current affairs. If prepared well , current affairs may single handedly propel one to other side of overall cutoff .

Phase 2 – A lot of  questions pertaining to ESI and Finance basics are asked in the light of current events or application of basics in current context.

Interview – Some questions in interview are based on current economic scenario (India and world).

Interview Related Questions:

  1. How was your interview experience?

Overall experience was very good. I was the second last candidate on my interview day. The interview lasted for around 12 minutes.

  1. How was the board?

Board was very cordial.  They helped me to settle down by asking some general questions from my profile  and then eased into questions relating to Indian Economy. Panel members engaged in discussions with me  through supplementary questions .

  1. Can you tell us what kind of questions were asked by the board members?

Questions related to my job, current economics and bank related news and basics finance (like definition of leverage, reasons for declining exports, weak bank vs. strong banks, NBFCs definition and regulation etc.).

  1. What advice would you give to the other candidates regarding Interview preparations?

While interview preparation following things can be kept in mind-

  • Prepare all questions from your biodata form.
  • Make short notes of RBI functions and FAQs from RBI website.
  • Read at least two newspapers with focus on editorials(I read The Hindu and Mint)
  • Be ready with points and counter points on recent political issues also.

Edu Tap related Questions:

  1. How did Edu Tap help you in your preparations?

The tests were immensely useful for filling up my knowledge gaps and strengthening the weak areas.  Also revision of tests helped in memorizing various facts and numerical data.

  1. Did you find the course comprehensive for your preparations?

I found the tests to be very well structured. The topic wise exhaustive set of questions for practice helped in covering the syllabus comprehensively.

  1. Did you refer any books for your preparations?

Mentioned Above

  1. What was the best part about the course offered by Edu Tap?

I was able to get lots of information in very limited time just by writing the test and doing some online search about them.

Some myths:

  1. Do you think background matters for clearing RBI Grade B exams?

Candidates from diverse background clear RBI.  Questions are basic as recruitment is for genralists . Hence , candidates from any background can easily grasp the basic concepts of syllabus.

Is the course very vast for RBI Grade B Exam?

No. But one needs to plan and stick to limited sources with multiple revisions and also practice as much MCQs as possible.

Advice / Suggestions:

  1. What kept you motivated throughout your preparations? There must be low times, how did you bounce back or come out of it?

Since I was doing RBI preparation along with my job I did not feel much pressure. Whenever I used to feel low, I used to take a break for couple of days and would start again.

  1. Would you like to give any specific advice to the students aspiring to be RBI Grade B officer?

One needs to work very hard and be very persistent. Also please keep giving other exams (Bank recruitments and other Financial regulators recruitment) to maintain continuity in your preparation and helps understand the ongoing trends in questions being asked. Also, clearing other exams will give boost to your confidence where as failure provides with great opportunity to improve. If you are preparing only for RBI then it can be done along with the job.A large proportion of selected candidates have full time jobs.

  1. Would you like to share any of your previous experience that could be helpful for other candidates?

We must keep working hard. I passed out in 2012 from my college after which I gave several exams and failed in almost all of them, at one stage or another.

But I kept going and never lost hope. There could be many distractions, family obligations while preparation but one has to balance everything and keep focus on their goal.

Visit www.edutap.co.in to know more about our courses. Query? Call us at 8146207241 or drop us a mail at deepak@edutap.co.in

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How to read the Economic Survey 2017-18?

Dear aspirants,
We have come up with an innovative method to cover the latest Economic Survey (2017-18). What we will be doing is framing MCQs on each chapter of Vol 1 as well as Vol 2 by extrapolating the information given in the respective chapters.
For example, Vol 1 of Survey contains a statement as follows:
“The relief from embedded state taxes (ROSL) announced in 2016 boosted exports of ready made garments by about 16%”
One may consider this statement to be trivial but extrapolation of this very statement poses questions like:
1) What is ROSL?
2) Once you read about ROSL, you encounter another term i.e. “Zero Rated Goods”. Now what are those?
3) While searching for zero rated goods, you also read about the fact that there is no GST on exports.
4) You also encounter terms like Merchandise Export from India Scheme (MEIS) and so on!
See? 1 statement of Survey has led to 4 different questions that can be asked in the examination!
ROSL is linked to topic of Industrial and Labor Policy, Zero Rated Goods can be linked to the topic of Export Import Policy and no GST on exports is linked to the topic of GST
We shall also be preparing detailed explanations for each of these MCQs. If time permits, we shall also try to come up with video explanations of all the questions.
So the basic idea is to link theory or basic concepts with current economic scenario as contained in the Survey.
Register on our website for www.edutap.co.in or updates regarding the same!
Happy learning!
EduTap

Why you should appear for RBI Grade B examination along with UPSC?

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Cracking civil services examination is a dream of millions of young aspirants in our nation. And why not? The civil services examination is the door to the most prestigious and powerful positions in India like the IAS, IPS, IRS and so on!
It is quite understandable then that lakhs of aspirants appear for this exam every year sacrificing their careers, putting the prime years of their lives at stake for a chance to become an officer.
However, it is equally true that barring a few hundred, the rest, despite toiling hard, fail to achieve their dream and with a long career gap and nothing to show for it, it becomes hard if not impossible to find a good job that can to some extent satisfy one’s ambitions.
Life choices ain’t easy, whether to put all eggs in one basket of UPSC or divide them amongst two, say UPSC and SSC is a personal decision. My role here is to present before you as many good baskets there are for you to put your eggs in!
Let me present The Reserve Bank of India Manager Level (Gr B) examination.
Held every year with vacancies ranging from 75 in 2011-12 to 163 in 2016-17, this examination offers you a chance to become a part of the monetary authority of India!
The pay scale is awesome with annual CTC of around Rs 20 lakhs and promotion avenues are abundant with chances of climbing up the ladder to the post of Deputy Governor and Executive Director.
RBI is headquartered in Mumbai and most of the offices are in metro cities only (say bye bye to Rural postings!).
RBI also has dedicated quarters for its employees. Unlike normal public sector banks, RBI has defined working hours. The weekends are off, so you can relax on Saturdays and Sundays thanks to RBI’s promotion of good work life balance.
Want to go for higher studies? Not an issue if you are working with RBI.
The eligibility to appear for this exam is pretty basic– 21-30 years of age (relaxed in case you have higher education), graduation with 60% aggregate marks and minimum of 60% marks in 10th and 12th standard.
In the next article, we shall be discussing the syllabus as well as paper pattern of RBI Gr B examination.
This article is brought to you by EduTap – leaders in RBI Gr B and NABARD Gr A/B examination. With the highest selections in RBI Gr B 2017, EduTap provides one stop solution to all your needs for this exam!
We are also running a 15% discount on our 2018 courses. Visit www.edutap.co.in and use code OFF15 during checkout!
Download our app from the Google playstore here.
Query? Call us at 8146207241 or drop us a mail at deepak@edutap.co.in
EduTap!

Flat 30% off- Group Discount Scheme for RBI and NABARD 2018 courses

Dear aspirant,

RBI Grade B as well as NABARD Grade A and B are very competitive exams and the syllabus is vast. It is quite natural that an aspirant tries to read from so many sources, be it online or offline.

We understand your quest to read as much as possible because the exam is un-predictable. This comes at a cost because each book, each course costs you your hard-earned money.

In an attempt to minimize the costs, students do share the course fee among themselves but end up struggling because only one person can log in at one time. This practice though saves money but leads to frustration as you are always adjusting among yourselves to decide on the login time. No need to mention the time, which needs to be utilized in constructive study, is wasted in these unnecessary activities.

We have come up with a Group Discount Scheme so that you can avail the benefit of reduced cost without having to share your login id with anyone.

Each student shall get a unique login id and password!

What are the Details?

EduTap will be offering discount of 30% to a group of people buying in group of 10 or more people.

We will generate separate login id’s and each person would have one login Id

All you have to do is send out an email to deepak@edutap.co.in or call us at 8146207241 and we shall send you a group discount format wherein we would be asking for the name, email id, phone number along with the course the student wants to buy (out of the courses available). Aspirants can choose their own courses, it is not necessary for the group to buy the same course.

(For individual purchases, discount of 15% is applicable. Use coupon code OFF15 on our portal)

Course details and prices:

For RBI Gr B course details, visit https://edutap.co.in/rbi-grade-b-coaching/

For NABARD Gr A/B course details, visit https://edutap.co.in/nabard-grade-a-coaching/

1) Phase 1 + 2 video course + notes + MCQs shall cost each person Rs 8750 (MRP is Rs 12500)

2) Phase 2 video course + notes + MCQs shall cost each person Rs 7350 (MRP is Rs 10500)

3) Phase 1 + 2 notes + MCQs (no videos) shall cost each person Rs 6300 (MRP is Rs 9000)

4) NABARD Gr A comprehensive course videos + notes + MCQs shall cost each person Rs 7000 (MRP is Rs 10000)

Previous year (2017) paid subscribers of any of our courses are eligible for flat 30% discount on MRP of the courses on individual basis. They need not form a group to avail this offer.

They have to simply drop us a mail at deepak@edutap.co.in and we shall share the coupon code with them.

Check out our RBI Gr B sample material here:

https://drive.google.com/open?id=0B5_Iv2REgxNcN1BoanpZcURTWms

Check out our NABARD Gr A/B sample material here:

https://drive.google.com/open?id=1uhq_dEruY49h24ubPNzEvWZ0RxpYv5Yr

Happy learning!

EduTap

Why you should prepare for NABARD along with RBI?

We often hear one say, “Don’t keep all your eggs in one basket”.

This is a piece of advice which means that one should not concentrate all efforts and resources in one area as one could lose everything.

And rightly so. One runs the risk of losing everything if plan does not work as expected!

So wouldn’t it be great if you could kill two birds with just one stone?

How awesome it would be if you could prepare, compete and succeed in two examinations by putting in almost the same efforts?  This is exactly what aspirants preparing for RBI Grade B examination can accomplish by simultaneously preparing for NABARD Grade A/B examination.

Lets see how.
You must be quite familiar with the Phase 1 pattern of RBI Gr B examination. It consists of 4 sections as follows:

  • General Awareness (80 marks)
  • Reasoning (60 marks)
  • English (30 marks)
  • Quantitative Aptitude (30 marks)

Phase 2 of RBI Gr B examination consists of 3 papers namely:

  • English (100 marks)
  • Economics and Social Issues (100 marks)
  • Finance and Management (100 marks)

NABARD Gr A/B examination pattern is very similar to the above! Phase 1 of NABARD Gr A/B examination consists of sections namely:

  • Economics and Social Issues (ESI) (40 marks)
  • Agriculture and Rural Development (40 marks)
  • English (40 marks)
  • General Awareness (20 marks)
  • Computer Knowledge (20 marks)
  • Reasoning (20 marks)
  • Quantitative Aptitude (20 marks)

So basically you are already preparing for 5 out of 7 sections (almost 70%) of NABARD Phase 1 while preparing for RBI Gr B! Great isn’t it?

Lets move further.

Phase 2 of NABARD Gr A examination has 2 papers namely:

  • English (100 marks)
  • Economics and Social Issues and Agriculture and Rural Development (ESI+ARD) (100 marks)

Students preparing for RBI Gr B are already prepared for 150 marks of paper as they would have already prepared English as well as ESI as part of RBI preparation!

Phase 2 of NABARD Gr B examination has one more paper in addition to the above two namely:

  • Development Economics, Statistics and Finance and Management

One is again well versed with FM as part of his/her RBI Gr B preparation!

So with just a little effort in preparation of Computer Knowledge, Agriculture and Rural Development (ARD) for Gr A and Statistics for Gr B one can appear for another similar examination having similar pay scale, similar postings and similar perks and privileges. How cool is that!

One must bear in mind that having an agriculture background has no bearing on how you fare in NABARD Gr A/B examination. Yes, the questions asked in 2017 from ARD were based on hard core facts of agriculture but always remember that what relative advantage an agriculture graduate might have in ARD, you have in ESI owing to your RBI Gr B preparation!

Watch what Mr Ayushmaan Yash (EduTapian who has cleared NABARD Gr A 2017) with no background in Agriculture whatsoever has to say on this. Watch video here

With slim chances of NABARD Grade B notification for this year, we at EduTap have launched a comprehensive course for NABARD Gr A 2018 examination expected to be held in the second half of this year.

Because of the huge overlap in the course content of RBI and NABARD, we are also offering a flat 50% discount to all our RBI Gr B 2018 subscribers on our NABARD Gr A 2018 course. It shall cost you Rs 5000 only!

42 students of EduTap appeared for NABARD Gr A/B interviews this year with 11 making it to the final list! Be the next topper.

Subscribe here

Check out our course offerings here

Write to us at deepak@edutap.co.in or call us at 8146207241 in case you have any query.

Happy learning!

How to read the Economic Survey 2017-18?

Dear aspirants,
We have come up with an innovative method to cover the latest Economic Survey (2017-18). What we will be doing is framing MCQs on each chapter of Vol 1 as well as Vol 2 by extrapolating the information given in the respective chapters.
For example, Vol 1 of Survey contains a statement as follows:
“The relief from embedded state taxes (ROSL) announced in 2016 boosted exports of ready made garments by about 16%”
One may consider this statement to be trivial but extrapolation of this very statement poses questions like:
1) What is ROSL?
2) Once you read about ROSL, you encounter another term i.e. “Zero Rated Goods”. Now what are those?
3) While searching for zero rated goods, you also read about the fact that there is no GST on exports.
4) You also encounter terms like Merchandise Export from India Scheme (MEIS) and so on!
See? 1 statement of Survey has led to 4 different questions that can be asked in the examination!
ROSL is linked to topic of Industrial and Labor Policy, Zero Rated Goods can be linked to the topic of Export Import Policy and no GST on exports is linked to the topic of GST
We shall also be preparing detailed explanations for each of these MCQs. If time permits, we shall also try to come up with video explanations of all the questions.
So the basic idea is to link theory or basic concepts with current economic scenario as contained in the Survey.
Register on our website for www.edutap.co.in or updates regarding the same!
Happy learning!
EduTap