RBI Grade B General Awareness

Describe the key features of the Indian economy as a developing mixed economy.

Outline the evolution of economic planning in India, from Five-Year Plans to the role of NITI Aayog.

Explain the significance and impact of the 1991 LPG (Liberalisation, Privatisation, Globalisation) reforms.

Describe the three sectors of the Indian economy (agriculture, industry, services) and their contribution to GDP and employment.

Explain the concept of demographic dividend and its relevance for India's growth potential.

Define the poverty line and describe key poverty measurement methodologies in India (e.g., Tendulkar, Rangarajan).

Identify the different types of unemployment prevalent in India (e.g., structural, frictional, disguised).

Analyze the composition and direction of India's foreign trade, identifying major exports, imports, and trade partners.

Define fiscal policy and explain its key objectives, such as growth, stability, and redistribution.

Explain the structure of the Union Budget, distinguishing between revenue and capital accounts.

Describe the major sources of government revenue, differentiating between direct and indirect taxes with examples.

Define and differentiate between fiscal deficit, revenue deficit, and primary deficit, and explain their significance.

Explain the structure and significance of the Goods and Services Tax (GST) in India's tax regime.

Describe the concept of public debt and its implications for the economy.

Explain the constitutional basis and role of the Finance Commission in Indian fiscal federalism.

Analyze the key deficit targets and major expenditure priorities in the latest Union Budget.

Define money, explain its primary functions, and describe its evolution from barter to digital currency.

Explain the different measures of money supply in India (M1, M2, M3, M4).

Describe the structure of the Indian banking system, including the central bank, commercial banks, and cooperative banks.

Classify commercial banks by ownership (public sector, private sector, foreign) and function (e.g., universal banks).

Distinguish between scheduled and non-scheduled banks with examples.

Describe the role of Non-Banking Financial Companies (NBFCs) and differentiate them from commercial banks.

Explain the specific roles of Regional Rural Banks (RRBs) and Small Finance Banks in financial inclusion.

Define Non-Performing Assets (NPAs) and explain their classification (sub-standard, doubtful, loss).

Describe the history, organizational structure, and core functions of the RBI as outlined in the RBI Act, 1934.

Explain the flexible inflation targeting framework and the role of the Monetary Policy Committee (MPC).

Explain the use of reserve ratios (CRR and SLR) as quantitative monetary policy instruments.

Describe the Liquidity Adjustment Facility (LAF) corridor, including the roles of Repo, Reverse Repo, MSF, and SDF.

Explain how the RBI uses Open Market Operations (OMOs), including 'Operation Twist', to manage systemic liquidity.

Distinguish between quantitative (general) and qualitative (selective) credit control measures used by RBI.

Describe RBI's role as the regulator of the banking system and manager of foreign exchange.

Analyze a recent MPC decision, explaining the rationale behind the policy rate action in the context of prevailing economic conditions.

Describe key provisions of the Banking Regulation Act, 1949 regarding licensing, capital, and RBI's supervisory powers.

Explain the purpose and mechanism of Priority Sector Lending (PSL) norms.

Explain the purpose and key provisions of the SARFAESI Act, 2002 for the recovery of bad loans.

Describe the purpose and key pillars of the Insolvency and Bankruptcy Code (IBC), 2016 for resolving corporate distress.

Explain the purpose of Know Your Customer (KYC) norms and Anti-Money Laundering (AML) guidelines in banking.

Describe the role of the Deposit Insurance and Credit Guarantee Corporation (DICGC) in protecting depositors.

Explain the concept of Prompt Corrective Action (PCA) framework for weak banks.

Describe the role of the Financial Stability and Development Council (FSDC) in maintaining macro-financial stability.

Define financial markets and classify them into money markets and capital markets.

Describe key money market instruments: Treasury Bills, Commercial Paper, and Certificates of Deposit.

Explain the structure of the capital market, distinguishing between the primary market (IPO, FPO) and the secondary market.

Describe the role of stock exchanges (BSE, NSE) and explain key benchmark indices (Sensex, Nifty).

Explain the role and function of market intermediaries like merchant bankers, brokers and depositories (NSDL, CDSL).

Describe the government securities (G-Sec) market and explain different types of G-Secs.

Explain the concept and significance of corporate bond markets in India.

Describe the role of credit rating agencies (e.g., CRISIL, ICRA) in financial markets.

Explain the concept of the Balance of Payments (BoP), detailing its current and capital account components.

Describe how exchange rates are determined and distinguish between fixed and floating exchange rate systems.

Explain the purpose and key provisions of the Foreign Exchange Management Act (FEMA), 1999.

Distinguish between Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) and explain their significance.

Explain the concepts of currency convertibility on current and capital accounts.

Describe the different types of external commercial borrowings (ECBs) and their regulation.

Analyze recent trends in India's BoP, FDI/FPI flows, and exchange rate movements.

Explain the concept of India's foreign exchange reserves and their components.

Describe the role and key functions of the Securities and Exchange Board of India (SEBI) as the capital market regulator.

Explain the role and functions of the Insurance Regulatory and Development Authority of India (IRDAI).

Describe the role and functions of the Pension Fund Regulatory and Development Authority (PFRDA) and the National Pension System (NPS).

Explain the role of NABARD in agricultural and rural development financing.

Describe the role of SIDBI in promoting and financing Micro, Small, and Medium Enterprises (MSMEs).

Explain the role of the EXIM Bank in financing and promoting India's foreign trade.

Describe the role of the National Housing Bank (NHB) as the regulator for housing finance companies.

Explain the functions of the National Bank for Financing Infrastructure and Development (NaBFID).

Define financial inclusion and explain its importance for equitable economic development.

Describe the Pradhan Mantri Jan Dhan Yojana (PMJDY) and its role in advancing financial inclusion.

Explain the features and differences between major digital payment systems in India: UPI, NEFT, RTGS, and IMPS.

Describe the role of the National Payments Corporation of India (NPCI).

Describe the role and features of Payments Banks and Small Finance Banks.

Explain the concept of Central Bank Digital Currency (CBDC) and describe RBI's digital rupee (e₹) initiative.

Describe the impact of FinTech on banking services, including digital lending and Peer-to-Peer (P2P) lending platforms.

Examine the growth of digital payments in India by analyzing recent transaction data and adoption trends.

Describe the objectives and mechanism of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

Explain key employment and entrepreneurship schemes: PM MUDRA Yojana, Skill India, and Startup India.

Describe key agricultural support schemes: PM-KISAN, PM Fasal Bima Yojana, and e-NAM.

Explain the components of the Ayushman Bharat mission and key social security schemes (PMJJBY, PMSBY, APY).

Describe the key pillars of the National Education Policy (NEP) 2020.

Explain key urban development and housing schemes: PM Awas Yojana, Smart Cities Mission, and AMRUT.

Describe major infrastructure programs: National Infrastructure Pipeline (NIP) and PM Gati Shakti.

Explain the objectives of key industrial initiatives: Make in India and the Production Linked Incentive (PLI) scheme.

Describe the role and functions of the International Monetary Fund (IMF), including its surveillance and lending facilities.

Explain the structure and functions of the World Bank Group and its key institutions (IBRD, IDA, IFC).

Describe the role, principles, and functions of the World Trade Organization (WTO).

Describe India's role in the BRICS group and the functions of the New Development Bank (NDB).

Explain the role and functions of the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).

Describe the structure and objectives of the G20 and explain the significance of India's presidency.

Describe the role of the Bank for International Settlements (BIS) and the Financial Stability Board (FSB) in global financial governance.

Identify major regional trade agreements relevant to India and explain the concepts of FTA, CEPA, and CECA.