RBI Grade B 2-Month Plan

Covers basic economic concepts, micro vs macroeconomics, economic agents, and the scope of economics in competitive exams including national income, growth, and development metrics.

Law of demand and supply, determinants, market equilibrium, movements vs shifts in curves, price elasticity, and applications — foundational microeconomics frequently asked in Prelims.

Price, income, and cross elasticity of demand; elasticity of supply; measurement methods and practical applications in taxation and pricing decisions — a calculative yet scoring topic.

Utility analysis, indifference curves, budget line, consumer equilibrium, derivation of demand curve, and ordinal utility approach — important for understanding microeconomic foundations.

Production function, law of variable proportions, returns to scale, isoquant and isocost analysis, and optimal input combination — theoretical base for understanding firm behaviour.

Short-run and long-run cost curves, explicit and implicit costs, fixed and variable costs, TC, AC, MC relationships, and economies of scale — essential for market structure analysis.

Perfect competition, monopoly, monopolistic competition, and oligopoly — assumptions, equilibrium, efficiency, and real-world examples including duopoly models — a high-weight competitive economics topic.

Labour market, wage determination, rent, interest, and profit — distribution theory connecting to national income and inequality discussions in macroeconomics.

Financial System in India: Structure of the Indian financial system — RBI, commercial banks, co-operative banks, NBFCs, payment banks, small finance banks, and their regulatory framework — foundational knowledge for RBI Grade B Finance paper.

Banking and Financial Institutions: Role of commercial banks, development finance institutions (SIDBI, NABARD), insurance sector (IRDAI), pension fund regulator (PFRDA), and market regulators (SEBI) — institutional landscape for RBI finance preparation.

Money and Capital Markets: Money market instruments (T-bills, commercial papers, call money), capital market (equity, debentures, derivatives), stock exchanges (BSE, NSE), and market participants — key for understanding financial market operations.

Financial Mathematics and Accounting: Time value of money, NPV, IRR, ratio analysis, balance sheet interpretation, and basic accounting concepts — quantitative finance for RBI officers.

Tense, subject-verb agreement, articles (a, an, the), prepositions, conjunctions, voice (active/passive), narration (direct/indirect), and error spotting — grammar fundamentals tested in BITSAT English section.

Synonyms, antonyms, one-word substitutions, homophones, idioms, phrases, and phrasal verbs — contextual vocabulary usage and word power tested through sentence completion and reading passages.

Passages on general, scientific, and literary topics with questions on main idea, inference, vocabulary in context, tone, and fact-vs-opinion — speed reading and comprehension skills assessed.

Rearranging jumbled sentences to form a coherent paragraph — tests logical sequencing, connector usage, and understanding of discourse structure in written English.

Identifying the most grammatically correct and stylistically appropriate version of an underlined portion — combines grammar precision with clarity of expression.

Passage with missing words to be filled from given options — tests vocabulary, grammar, and contextual coherence simultaneously in a time-efficient format.

Word pairs with relationships (synonym, antonym, part-whole, function, cause-effect) — reasoning through linguistic relationships and logical word connections.

Identifying the main point or best summary of a passage — tests ability to extract core meaning and distinguish between details and central ideas in written text.