The Reserve Bank of India is the central bank that monitors and regulates the entire banking system in the country. It comes under the supervision of the Government of India. The bank regulates the supply of rupees in the market. The Governor of RBI is the chairman of the Monetary Policy Committee that sets the rate of interest for companies and individuals. RBI is the authority that supervises the payment and settlement system. RBI is the banker to the Government and manages its account. It issues currency and manages foreign exchange.
RBI is a prestigious place to work in. The exam conducted by RBI is considered one of the toughest exams in India. The selection process should motivate you to work hard and be worthy of working in the central bank of the nation. The exam may be tough, but so are you. One thing you need to realize is that nothing in the world is unattainable. Know that you can crack this exam and start your preparation on your very first attempt. It is understandable that you may feel bogged down at times. The foremost thing you need to do to clear the exam is to have belief in your capabilities. If your goal is to clear the assistant exam in the first go, you have come to the right place.
The role of RBI assistant is to:
- Maintain records;
- Document verification;
- Ensure financial stability;
- Answering mails;
- Other day-to-day activities.
The right strategy and preparation can make your journey to the RBI easy. The exam consists of three stages- Prelims, Mains and Language Proficiency Test. The preliminary Exam has three sections – English Language, Reasoning Ability and Quantitative Ability. 0.25 marks will be deducted for wrong answers. The main exam has 5 sections – English language, Reasoning, Quantitative, Computer knowledge and General Awareness. If you study diligently for the prelim exam, you will also cover three sections of the mains exam. You must strategize and prioritize these sections accordingly. Language Proficiency Test checks whether you are well versed in the local language. The exam is conducted in stages- you will be considered qualified for another stage if you have cleared the first stage.
You must prepare religiously for the exam. Thousands of thousands of students apply and appear for the exam. As the competition increases, you should also increase your efforts. There’s no shortcut to success. If you possess a graduate’s degree, you are eligible to apply for the exam. You shall not wait for the notification to start your preparation. The exam is not conducted annually. Thus, you are given ample time to study and prepare. You only have to qualify for the prelims. Make sure your preparation is mains oriented.
In this dynamic world, when everything is changing at an unprecedented pace, the nature of competitive exams also keeps changing. To make sure that you stay ahead of your competition, you have to understand the pattern of the exam. Planning, strategizing, practicing, regularity and patience will help you to deal effectively with the competitive exams. Those who will be appearing for the exam for the first time must keep certain things in mind to make their first attempt a successful attempt.
- Familiarity with syllabus
When you write an exam for the first time, it is imperative that you know and understands the syllabus. The syllabus is the first comprehensive source that enables you to plan your preparation. The syllabus of the RBI assistant exam is defined and concise. You have to study only those topics which are mentioned in the syllabus. Having a basic understanding of the syllabus helps you to know what deserves your time and what doesn’t.
- Previous year questions
Before you start preparation, you must go through the previous year papers. Every topic requires a different strategy and different approaches. There will be certain topics that you feel confident in; there will also be topics that you might be weak in. Previous year papers enable you to target and approach each topic strategically. Get an understanding of the way in which questions will be asked.
If you have studied and practiced significant questions of English, you can complete the entire section in 12 to 15 minutes. Reading English newspapers daily will enhance your understanding and knowledge of current affairs and help you learn new words. You will also get familiarized with the sentence structure and grammar.
One of the scoring and dynamic subjects is reasoning. Take any reasoning topic and practice various types of questions. You can find various books, online resources and YouTube videos. Understand the underlying concept before you start practicing. Practicing enough questions will build your speed and help you save time during exams.
To score well in the quant section, start with the concept. When your basics are clear, you can start practicing questions from reference books. The quantitative section is the most time consuming one. Often, because of exam stress, one gets nervous in the examination centre. Practicing sufficient math questions may ease some of your stress, thereby, help you tackle the questions easily and quickly.
- General Awareness
Be regular with the newspaper. There are various sources online where you can read daily current affairs. Read them once before you go to bed. This will ensure that you have read the important news of the day twice. You should also refer to the current affairs magazine of the last 6 months at least. Underline important points and revise them regularly.
- Mock tests
You can take the RBI assistant prelims mock test. Practice various mock tests and attempt sample papers. Check your level of preparation regularly. Analyze your answers. Try to understand where you went wrong. Work on your weak areas. Mock tests will also help in time management during the exam.
The one thing that will help you sail through the exam is hard work. Do not doubt yourself or your preparation. Take regular breaks; give your brain time to breathe. Put your heart and soul into your preparation. Believe you can and soon you will.