How to Prepare Economics and Social Issue for RBI Grade B 2022

How to Prepare Economics and Social Issue for RBI Grade B 2022 Based on Latest Exam Pattern and Syllabus. In RBI Grade B 2021 Notification rbi made some major changes in exam pattern and syllabus of Economics and Social Issue. In this Article we have provided you the complete insight on how to Approach Economics and Social Issue Section.

RBI Grade B 2022 : Pattern of ESI and FM and Descriptive Section

For both Paper I and III, there will be 30 questions and 50 marks for Objective questions (some questions carrying 2 marks each and some carrying 1 mark each).

In case of Descriptive questions, 6 questions will be asked, of which candidates will be required to attempt 4 questions (2 of 15 marks each (with difficulty level) and 2 of 10 marks each).

In case, candidate answers more than 4 questions in descriptive, first 4 shall be evaluated.

RBI Grade B 2022 : Word Limit for Descriptive Questions

Economic and Social Issues - Two Sections of ESI

Static: Conceptual questions from chapters mentioned in Syllabus
Dynamic: Questions based on current affairs related to Economic & Social issues.

Economic and Social Issues - Syllabus & Important Chapters

Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.

Indian Economy – Economic History of India - Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 – Priorities and recommendations of Economic Survey and Union Budget – Indian Money and Financial Markets: Linkages with the economy – Role of Indian banks and Reserve Bank in the development process - Public Finance - Political Economy - Industrial Developments in India- Indian Agriculture - Services sector in India.

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; International Economic Issues

Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice: Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

Suggested reference material : Books

If you are complete beginner and have no prior knowledge of Economics and Finance then i would recommend you to start with NCERT and spend some time to learn the basic.

NCERT Class - 10. Understanding Economic Development

NCERT Class - 11. Indian Economic Development

NCERT Class - 12. Introductory Macroeconomics

Indian Economy : Ramesh Singh

Indian Economy : Vivek Singh

RBI Grade B : Chapters from Different Economics Book

Indian Economy by Vivek Singh

1. Fundamental of Macroeconomy

2. Money and Banking (Finance Syllabus)

3. Money and Banking Part - II (Finance Syllabus)

4. Government Budgeting (Union Budget)

6. Indian Economy (1947-91) - Few Topics like Economics reforms need to be covered

11. Inclusive Growth and Issues

12. International Organization

13. Infrastructure and Investment Model (Finance)

15. Terminology

Chapter Important for NABARD Grade A

7. Subsidies

8. Agriculture Part - I

9. Agriculture Part - II

10. Supply Chain and Food Processing Industry

Indian Economy – Ramesh Singh

1. Introduction
2. Growth Development and happiness
6. Economic Reforms
7. Inflation and business cycle
11. Indian Financial Market
12. Banking in India (very important)
14. Securities market in India
15. External Sector in India
16. International Economic Organizations (only general understanding)
17. Tax Structure (only direct tax and indirect tax)
18. Public Finance in India
19. Sustainability and climate change
20 Human Development in India
21. Burning Socio Economic issues
25. Economic Survey (study the concepts, data of the latest report is useful)
26. Union Budget (study the concepts, data of the latest report is useful)

Economy Books PDF Download

Economics Compendium by Disha Publication - Download

Indian Economy by Sanjiv Verma - Download

Indian Economy Notes by Sriram IAS - Download