RBI Grade B 2021-List of Books and Preparation Resources

RBI Grade B 2021-List of Books and Preparation Resources

The market is filled with books, both good and bad, for RBI Grade B exam. So a candidate must do a thorough research while choosing at least one for every subject or topic. Therefore, it sometimes becomes a daunting task while making the choice.

To make your choice easy we have done a thorough research and have plunged into experts’ advice. We advise candidates to choose easy and uncomplicated books.

With those advices in mind, we are providing you with the list of RBI Grade B exam books for different phases of the 2021 exam which cover all subjects.

Section-wise Important Books or Resources for RBI Grade B Exam 2021

From what we have observed by analyzing last year’s RBI Grade B question paper, it is a culmination of:

  • Questions on Economic Survey of India
  • Questions on basic knowledge
  • Questions on Union-Budget and
  • Conceptual questions from Books
  • Questions from Newspapers (Current events and facts)
  • Questions on Press Information Bureau
  • Questions based on figures, numbers, and percentages

But that doesn’t mean that the candidates must only cover the topics mentioned above. But, as the RBI Grade B Exam is changeable, candidates need to have a thorough knowledge of all the topics, including the topics mentioned above.

Therefore, to cover all the topics, you will need books for a successful preparation of RBI Grade B Phase-II & Phase-I exam mentioned below.

Best Reference Books for RBI Grade B Phase-I Exam 2021 Preparation

Phase I exam of RBI Grade B for General Post will consist of four sections: General Awareness, English Language, Quantitative Aptitude and Reasoning. Total marks of the test are 200. The Phase I exam for DEPR and DSIM will comprise questions from Economics and Statistics, respectively. RBI Grade B books for Phase I are given below.

Books for RBI Grade B Phase-I Exam 2021 

RBI Grade B Phase I exam for General Post consists of four sections, General Awareness, English Language, Quantitative Aptitude and Reasoning. Total marks of the test are 200. The Phase I exam for DEPR and DSIM will have questions from Economics and Statistics.

The books that best cater to Phase 1 exam are as follows:

For Quantitative Aptitude

  • Magical Book on Quicker Maths by M. Tyra
  • Fast Track Objective Arithmetic by Rajesh Verma
  • Quantum CAT by Sarvesh K. Verma
  • How to Prepare for Quantitative Aptitude for CAT written by Arun Sharma
  • Quantitative Aptitude for Competitive Examinations written by R S Aggarwal

For Reasoning Ability

  • Analytical Reasoning by M. K. Pandey
  • A modern approach to Verbal & Non-Verbal Reasoning by R. S. Aggarwal

For English Language

  • Objective English by S. P. Bakshi
  • Word Power Made Easy by Norman Lewis
  • High School English Grammar & Composition by Wren & Martin

For General Awareness

  • Banking Awareness by Arihant Experts
  • Banking Awareness for SBI and IBPS Bank Clerk/PO/RBI Exams/RRB by Disha Expert
  • Manorama Yearbook 2018
  • Kurukshetra Magazine

Top 5 Reference Books for RBI Grade B Phase-II Exam 2021 Preparation

I. RBI Grade B Books for Finance & Management section

Following books are suggested by experts for the preparation of the Finance & Management section of the RBI Grade B Exam:

  • Indian Financial System by M.Y. Khan
  • T.S Grewal -Accounting Ratio
  • Principles of Management by P.C Tripathi
  • Indian Financial System by Bharti V Pathak
  • S. P. Robbins/TN Chhabra- Organisational Theory

Given below are the sub-topics of this section along with the sources which candidates can refer for their preparation:

  1. To cover topics like inflation: Definition, trends, consequences, estimates, and remedies (control): WPI, CPI – components, and trends, read:

(Advanced concepts)

  • Indian Economy by Ramesh Singh: Unit -7- Inflation and Business Cycle
  • Indian Economy by Mishra and Puri: Unit – 44 – Price Trends and Inflation
  • To cover topics like Risk Management in Banking Sector read:

(Advanced Concepts)

  • CAIIB – Bank Financial Management: Module (B) – Risk Management
  • To cover topics like:
  • Financiall Systems: Regulators of Banks and Financial Institutions, Reserve Bank of India- functions, and conduct of monetary policy, Banking System in India
  • Financial Authorities: EXIM, SIDBI, NABARD, NHB, etc.

Read:

(Advanced Concepts)

  • Indian Financial System – Bharati Pathak – Unit -12- Development Financial Institutions
  • Indian Economy – Puri and Misra – Unit 46, 47 (Commercial Banking, The Reserve Bank of India)
  • Visit Official Website (about us page) of RBI, SEBI, EXIM, SIDBI, NABARD & NHB – for functions and recent developments.
  • To cover topics like, Financial Markets – Primary and Secondary Markets (Money, Forex, Bond, Equity, etc.), functions, instruments, recent developments, etc. Read:

(For Fundamental Concept)

  • NCERT – Business Studies – Part II – Unit –2 – Financial Market

(For Advanced Concepts)

  • Indian Economy Ramesh Singh – Unit 14 – Security Market
  • Puri and Misra – Unit 45, 48 – Money Market, Capital Market
  • Best Book – Bharti Pathak (Latest edition)
  • To cover topics like, The Union Budget – Direct and Indirect taxes; Non-tax sources of Revenue, Finance Commission and GST, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM). Read:

(For Fundamental Concept)

  • Introductory Macroeconomics – Std XII: Unit – 5 – Government Budget and The Economy

(For Advanced Concepts)

  • Indian Economy by Ramesh Singh by Unit – 18 – Public Finance in India
  • To cover topics like Portfolio Investment read:
  • Indian Financial System- Bharti Pathak – Unit 15- Mutual Funds
  • To cover topics like Basics of Derivatives: Forward, Futures, and Swap, read:

(Theory Concept)

  • Indian Financial System – Bharti Pathak – Unit 9 – The Derivative Market

(Numerical Concept)

  • Financial Management – Prasanna Chandra
  • To cover topics like, Recent Developments in the Financial Sector, Financial Inclusion- use of technology, read:
  • Indian Economy – Ramesh Singh – Unit 12 – Banking in India
  • Website of RBI and Internet
  • To cover topics like Public Sector Reforms, Disinvestments, read:          
  • Indian Financial System- Bharti Pathak – Unit 7 –
  1. To cover topics like Corporate Governance in the Banking Sector, the role of e-governance in addressing the issues of corruption and inefficiency in the government sector, read:
  2. Financial Management – Prasanna Chandra – Unit – 35 – Corporate Governance
  3. Official Website of RBI and Internet
  1. To cover topics like Substitute source of finance, private and social cost-benefit, Public-Private Partnership, read:               
  2. Official Website of RBI and Internet
  1. To cover Numerical Topics go through these topics from Prasanna Chandra’s book on financial management:  
  2. Ratio Analysis – Unit – 4, 5
  3. Time Value of Money –Unit – 6
  4. Valuation of Bond, Equity – Unit – 7
  5. Risk & Return – Unit – 8
  6. Portfolio Theory and Asset Pricing Model – Unit – 9
  7. Cost of Capital – Unit – 14

II. Books for Economic & Social Issues section of RBI Grade B Exam

Here are the most important and recommended books for the preparation of the Economic & Social Issues section of the RBI Grade B Exam:

  1. Growth & Development By Devraj Ray
  2. Indian Economy By Uma Kapila
  3. Sociology: C.N. Shankar Rao
  4. Indian Economy By Mishra & Puri

Given below are the unit-wise best books a candidate can refer to while preparing for the exam:

  1. To cover topics like Sustainable Development and Environmental Issues, read:               

(For Fundamental Concepts)

  1. Indian Economic Development – Std XI
  2. Unit 9 – Environment and Sustainable Development

(For Advanced Concepts)

  • Indian Economy Performance and Policies By Uma Kapila
  • Unit -2-The Environment and Development
  • Indian Economy By Ramesh Singh
  • Unit -19-Sustainability & Climate Change
  • To cover topics like, Growth and Development –Measurement of Growth: National Income and Per-capita Income, read:   

(Fundamental Concepts)

  1. Introductory Macroeconomics – Std XII
  2. Unit– 2 (National Income Accounting)
  3. Indian Economic Development – Std XI
  4. Unit -2 (Indian Economy)

(Advanced Concepts)

  1. Indian Economy by Ramesh Singh
  2. Unit – 1 and 2 (Introduction, Growth, Development, and Happiness)
  • To cover topics like Economic Reforms in India – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy        

(Fundamental Concepts)

  1. NCERT- Indian Economic Development Std XI
  2. Unit -3- Economic Reforms since 1991

(Advanced Concept)

  • Unit – 6 – Economic Reforms
  • Indian Economy By Ramesh Singh
  • To cover topics like Poverty Alleviation and Employment Generation in India, read:

(Fundamental Concepts)

  1. Indian Economic Development – Std XI
  2. Unit – 4 – Poverty
  3. Unit – 5 – Human Capital
  4. Unit – 7 – Employment

(Advanced Concepts)

  • Indian Economy Performance and Policies By Uma Kapila
  • Unit-1- Economic Development
  • Unit-10-Unemployment and Empowerment
  • Unit -11-Poverty in India
  • To cover topics like, Monetary and Fiscal Policy, read:  

(Fundamental Concept)

  1. Introductory Macroeconomics – Std XII
  2. Unit – 5 – Government Budget and The Economy

(Advanced Concepts)

  • Indian Economy By Ramesh Singh
  • Unit – 11- Indian Financial Market
  • Unit – 18 – Public Finance in India
  • To cover topics like, Multiculturalism, Demographic Trends, Gender Issues, Social Justice, Positive Discrimination in favor of the impoverished, Social Movements, Human Development, Social Sectors in India, Education, and Health, read:    
  • Indian Economy By Ramesh Singh
  • Unit – 20 – Preparing for the Demographic Dividend
  • Unit – 21 – Human Development in India
  • To cover topics like, Industrial and Labour Policy              , read:

(Advanced Concepts)

  1. Indian Economy By Ramesh Singh
  2. Unit -9 -Industry and Infrastructure
  3. Indian Economy Performance and Policies By Uma Kapila
  4. Unit – 18 – Industrial Growth and Policy
  • To cover topics like, Social Structure in India, Social Justice, Urbanization and Migration, Social Movements, Human Development and Social Sectors in India, read:
  • NCERT- Std XII–Social Change and Development in India
  • Unit -8 – Social Movements
  • To cover topics like, Balance of Payments, Export-Import Policy, read: 

(Fundamental Concepts)

  1. NCERT- Introductory Macroeconomics – Std XII
  2. Unit – 6.1 –BoP

(Advanced Concepts)

  • Indian Economy By Ramesh Singh
  • Unit – 15 – External Sector of India
  • Indian Economy Performance and Policies By Uma Kapila
  • Unit – 25 – BoP

10. To cover topics like, International Economic Institutions, World Bank and IMF, WTO, Regional Economic Cooperation, read:

(Advanced Concepts)

  1. Indian Economy By Ramesh Singh
  2. Chapter – 16- International Economic Organizations & India

11. Indian Political System         

a. NCERT

  • Indian Constitution at Work-Political Science-Standard 11
  • Political Science-2 of standard 12

Additional Topics to cover:        

  • Budget 2019-2020
  • Economic Survey 2018-2019
  • Selected units of Indian Year Book 2018.
  • Latest Socio-Economic and Caste Census
  • International Summits & Central Govt. Schemes and Initiatives
  • Current Affairs (General)

Pump up your preparation by taking a free & amazing mock test here! 

III. Reports & Other Sources for RBI Grade B

  1. Economic Survey of India
  2. Union Budget
  3. World Development Report
  4. RBI’s Annual Report
  5. Example question papers by RBI.
  6. This will help candidates in knowing the essence and the difficulty level of questions asked in the exam
  7. FAQ Section of the RBI website
  8. Investopedia Website

Note: Please refer the official RBI website of the exam for any changes.

Some coaching institutes provide study material for RBI Grade B preparation. However, it is advised not to rely on them fully and to refer to other recommended books.

Solved sample question papers

Some of the books include solved sample question papers. Candidates are advised to go through the books properly while making a purchase.

Best books for Economic and Social Issues 

Some important books that thoroughly cover Economic and Social Issues are:

  • Indian Economy: Uma Kapila (Series of Books),
  • Indian Economy: Mishra Puri. (Latest Edition)
  • Growth and Development: Devraj Ray

Important books, magazines, newspapers and bulletins for RBI Grade B 2021

Candidates should also use various other resources to boost their overall preparation across all the sections. Some of the additional resources like magazines and bulletins can candidates can refer to for the RBI Grade B 2021 examination given below.

  • PIB News Summary
  • Economic and Political Weekly (Magazine)
  • Economic Times
  • The Hindu (Editorials)
  • Southern Economist
  • Business Standard Reports
  • World Development Report
  • Economic Survey of India
  • Union Budget
  • Yojana (Magazine)
  • RBI’s Annual Report
  • Manorama Yearbook
  • Kurukshetra (Magazine)
  • Economic and Political Weekly
  • Southern Economist
  • Business India
  • RBI Bulletins.

Top RBI Grade B Exam Books That Occur on Every List

A good preparation needs the best of the competitive books available in the market. So the candidates must go for the best study material by selecting the best books for RBI Grade B exam. They need to make sure that the entire RBI Grade B syllabus is perfectly covered by them.

Now, it is obvious that you’ll need proper books to cover all the subjects or topics that are mentioned above.

To make your search we recommend you books often recommended by subject experts for RBI Grade B exam.

Here are some of the books to get started:

Top 3 Books on Quantitative Aptitude          

1.            Quantitative Aptitude for Competitive Exams by R. S. Agarwal

2.            Fast Track Objective Arithmetic by Rajesh Verma

3.            How to prepare for Quantitative Aptitude for CAT by Arun Sharma

Accelerate you preparation by taking a free mock test now

Top 3 Books on Reasoning Ability      

1.            Verbal and Non Verbal Reasoning by R.S.Agarwal

2.            How to Prepare for Logical Reasoning by Arun Sharma

3.            Analytical Reasoning by M.K.Pandey

Top 2 Books on General Awareness  

1.            Banking Awareness by Arihant Publications

2.            Lucent’s GK (General Knowledge)

Top 3 Books on English Language      

1.            High School Grammar and Composition by Wren and Martin

2.            Objective English by S.P. Bakshi

3.            Word Power Made Simple by Normal Lewis

Top 4 Books on Finance and Management  

1.            Public Finance by K.K. Andley and Sundaram

2.            Indian Financial System by M.Y.Khan

3.            Financial Management by Prasanna Chandra

4.            Banking and Finance: Banking, Insurance and Other Financial Institutes by Arun Arora

Top 3 Books on Economic and Social Sciences

1.            Indian Economy by Uma Kapila

2.            Economic and Social Issues in India by Dhrub Kumar

3.            Growth and Development by Devraj Dey

RBI Grade B 2021 Preparation Tips

Like other major competitive exams in India, cracking RBI Officer Grade B exam can seem daunting.  But if you can employ smart strategies to prepare for it, the process can be much more manageable and fruitful.

Keep in mind the Syllabus and Exam Pattern Well:

Candidates need to become well versed with the syllabus and exam pattern for RBI Grade B exam. Knowledge of syllabus, topics, and exam patterns can not only boosts the preparation level but also tells only what is required for the examination and what is less important. It helps in making a good the study plan.

Preparation Tips for RBI Grade B Preparation Tips

  • Create a Smart Study Plan: Make a good and productive month-wise, week wise, day-wise, and hour wise study plan. Having a clear cut study approach can help the candidate to finish all the topics on time without wasting their precious time. 
  • Study from Good study Materials and Resources: Candidates can find all the suggested books for various sections from above. Instead of going through so many books at once, candidates should study from 1-2 books for getting better results. 
  • Go for Mock Tests: RBI Grade B Mock tests are very crucial to analyze the weakness and to understand where the candidates are standing at that moment, after which candidates can switch their preparation strategy for better outcomes. Candidates can attempt RBI Grade B mock tests by Textbook to supercharge their RBI Grade B 2021 exam preparation.

Improving your performance via Mock Tests

We provide you with a Free Mock Test for RBI Grade B Phase I at practicemock.com. It would be highly beneficial for you to test your skills and knowledge. Plus, we have also introduced RBI Grade B Notes for Phase II exam to accelerate your exam readiness.

Here, you’ll get an easy but thoroughly researched and insightful report to understand your current performance, strengths and weaknesses and the extra efforts you need to put in for improvement. This will analyze your performance improvement capability and will surely improve provided you give extra time for your weak areas. 

Therefore, utilize this report to clear exams for CWC Superintendent/Jr. Superintendent, RRB NTPC, SBI PO, RRB-JE, FCI or SSC CGL. Invest your time smartly by taking these mock tests now 

Don’t forget that Time is Success

RBI Grade B exam is a time-based exam.  Hence, candidates must practice solving questions with a faster speed. This not only helps in actual exam a lot but also increases the completion and success rate of the candidate.

Take a free mock test now

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