Reserve Bank of India: Recruitment to the post of Officers in Gr ‘B’





Recruitment to the post of Officers in Gr ‘B’ (General)-DR

1.       Applications (App.) are invited for the post mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, citizens of Nepal and subjects of Bhutan, Tibetan refugees (who came over to India before 1st January 1962) and persons of Indian origin who have migrated from Myanmar and Sri Lanka with the intention of permanently settling in India and in whose favour Eligibility Certificates have been issued by Government of India.
Number of Vacancies
Post
Unreserved
i.e., General
(GEN/UR)
Scheduled
Castes (SC)
Scheduled
Tribes (ST)
Other
Backward
Classes (OBC)#
TOTAL

Officers in Grade 'B' (General)
– Direct Recruitment - (DR)


58


15


08


36@


117*
@ Including one backlog vacancy.
# Candidates belonging to OBC category but coming in the 'Creamy Layer' are not entitled to OBC reservation. They should indicate their category as 'General (GEN)’.
* Out of 117 vacancies mentioned above, 4 vacancies are reserved for candidates belonging to Persons with Disability (PWD) category - one vacancy each for Orthopedically Handicapped (OH), Hearing Impaired (HI) and two vacancies for Visually Handicapped (VH). Persons with Disability may belong to any category - GEN/SC/ST/OBC.
Note for PWD candidates:
(1) The degree of disability should be (i) Minimum 40% in case of Orthopaedically Handicapped persons, (ii) Minimum 40% in case of Hearing Impaired- sense of hearing is non-functional for ordinary purposes of life; do not hear, understand sounds at all even with amplified speech; hearing loss more than 60 decibels in the better ear (profound impairment) or total loss of hearing in both ears, and (iii) For Visually Handicapped candidate either of the following conditions should be fullfilled:
a. Total absence of sight.
b. With visual acuity not exceeding 6/60 or 20/200 (Snellen) in the better eye with correcting lenses.
c. With limitation of the field of vision subtending an angle of 20 degrees or worse.
(2) PWD candidates should possess a latest certificate to this effect issued by an authorized Government of India/ State Government Department/ Hospital.
(3) Within the overall notified total vacancies, PWD candidates belonging to any of the three categories of disability will be considered for selection, subject to their suitability, over and above the vacancies, notified for PWD in this advertisement, in order to clear the backlog of PWD vacancies.
(4) PWD candidates may belong to any category (i.e. General/SC/ST/OBC). Reservation for PWD is horizontal and within the overall vacancies for the post.
(5) Only following categories of PWD are eligible to apply for this post:
i. OH candidates: OA - One arm affected (Right or Left); BL – Both legs affected but not arms; OL – One leg affected (Right or Left),
ii.  HI candidates: PD - Partially Deaf; D – Deaf
iii. VH candidates: B - Blind including colour blind; LV- Low Vision
(6) At the time of online and written examination, only those PWD candidates who have physical limitation in writing, including that of speed would be allowed the facility to use the service of a scribe. In all such cases where a scribe/writer is used, the following rules will apply:
i. The candidate will have to arrange his/her own scribe/writer.
ii. The candidate will have to give a suitable undertaking, in the prescribed format at the time of online and written examination.
iii. Only those candidates who use a scribe/writer shall be eligible for compensatory time of 20 minutes and/or part thereof for every hour of the examination.
(7) Detailed instructions for PWD candidates regarding availing services of scribe and allotment of extra time will be made available at the time of uploading of Admission Letters.
Before applying, candidates should ensure that they fulfill the eligibility criteria for the post. The Reserve Bank of India Services Board, hereinafter referred to as ‘Board’, would admit to the Examinations all the candidates applying for this post with the requisite fee/intimation charges (wherever applicable) on the basis of the information furnished in the ON-LINE application and shall determine their eligibility only at the final stage i.e. interview stage. If at that stage, it is found that any information furnished in the ON-LINE application is false/ incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria for the post, his/ her candidature will be cancelled and he/she will not be allowed to appear for interview.

Candidates are requested to apply only ON-LINE through Bank’s website www.rbi.org.in No other mode for submission of application is available.
Helpline: In case of any problem in filling up the form, payment of fee/intimation charges or receipt of Admission/call letter, queries may be made at toll free helpline telephone no. 1800 22 23 66 (between 09:30 AM to 06:00 PM on working days) or ibpso@ibps.in. Don’t forget to mention ‘RBI Officer-Gr-B-(General)-DR’ in the subject of the email.
IMPORTANT DATES:
Website Link Open- For On-Line Registration of Applications :             03/06/2014 to 23/06/2014
Payment of Fees /Intimation Charges- ON LINE:                                        03/06/2014 to 23/06/2014
Payment of Fees/Intimation Charges at Bank Branches (Off-Line):   05/06/2014 to 26/06/2014
2. ELIGIBILITY CRITERIA:
(a) Age (as on 01/06/2014): Between 21 and 30 years (candidates must have been born not earlier than 02/06/1984 and not later than 01/06/1993). For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 31 and 33 years respectively. For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. Refer item 5 below for relaxation in upper age limit for specified categories.
(b) Educational Qualifications (as on 01/06/2014): i) A First Class Bachelor's Degree with a minimum of 60% marks or an equivalent grade, in aggregate of all semesters / years ; OR ii) A Second Class Master's Degree with minimum of 55% marks or an equivalent grade, in aggregate of all semesters / years; OR iii) A Doctorate Degree; with minimum of 50% marks or an equivalent grade, in aggregate of all semesters / years in Master's Degree; OR iv) Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor's Degree; OR v) A Post Graduate Diploma in Management / MBA qualification from institutions recognized by Government of India / University Grants Commission, with Graduation / Bachelor’s Degree.
NOTE: (1) SC/ST/PWD candidates having second class with a minimum of 50% marks or an equivalent grade, in aggregate of all semesters / years in Bachelor's Degree examination: OR having a Post-graduate Degree or equivalent recognized qualification, are eligible to apply.
(2) Some Universities/Institutes do not award Class or percentage of marks and allot Aggregate Grade Points (e.g.CGPA/OGPA/CPI, etc.). In case University/Institute defines criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, the same will be accepted. However, where the University/ Institute does not define criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, or not stating class in the degree certificates, the undefined parameter(s) would be worked out as under:

Equivalent CGPA/OGPA/CPI or similar
terminologies allotted on a 10 point scale
Class /
Division
Aggregate
Percentage of Marks

6.75
I
60%
6.25
II
55%
5.75
III
50%

(c) Scheme of Selection: Selection will be through Examinations and Interview. Examinations will be held in two phases [Phase-I ON-LINE Examination (Objective Type) and Phase-II Written Examination (Descriptive type)] as under:
Depending on the number of candidates, the examination may be held on some other days also. A candidate, however, has to appear for examination on only one day. The date & venue on which a candidate has to appear for examination will be specified in the Admission Letter (AL) to be downloaded by the candidate. The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method. The Paper consists tests of
i)                    General Awareness
ii)                   English Language
iii)                 Quantitative Aptitude and
iv)                 Reasoning, with composite time of 130 minutes. Other detailed information regarding the examination will be given in an Information Handout, which will be made available for the candidates to download along with the Admission letter for examination from the RBI website.
Candidates have to secure minimum marks separately for each test as well as aggregate, as prescribed by the Board. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the Examination based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being shortlisted for Phase-II of the Examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted in Phase-I of the On Line Examination (‘OE’) will be published on RBI website and a brief notice thereof in leading newspapers in August/ September 2014

(II) Phase-II Written Examination (Descriptive Type): The Phase-II Written Examination (WE) will be conducted in September/ October 2014 (tentative) only for those candidates who are shortlisted for the same. 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 will be ONLINE (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 in English at the candidate's option..
Syllabus (Phase-II):
(i)                  Paper I – English: Essay, Précis writing, Comprehension and 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; isinvestment 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: (1) 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.


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