3 Years FM Paper Analysis Lyst1847

RBI Grade B
3 years
Analysis of
Finance and
RBI Grade
www.crackgradeb.com
B
Finance Questions
2021 2022 2023

FDI in banks, Basel norms, NETC CSR, NBFC, Basel III , Perpetual Non- PMJDY, PMJJBY, PMSBY, APY
and FASTag, Hybrid annuity model Cumulative Preference Shares (PNCPS) Corporate Governance in Banks -
(HAM), Revenue expenditure, , ‘small enterprise, FPI investment , Appointment of Directors and
Constitution of Committees of the
Regulatory Sandbox and cohort Legal Entity Identifier , Payments
Board:
Descriptive on Basel norms Infrastructure Development Fund
(PIDF) , PSL Liberalised Remittance Scheme
Descriptive on LTRO Forfaiting
Non-Tax Revenue
NABFID
Return on Assets (ROA),
Descriptive on RBI’s Retail Direct
Scheme
Pre-Sanctioned credit
Lines at Banks through the UPI
Management Questions
2021 2022 2023

Organizational Behavior , Herzberg dual factor theory, Alderfer’s Fiedler Contingency Theory
Transformational and Transactional ERG theory, Communication, Kurt Lewin leadership
leadership, Kurt Lewin's Change Organisation Behaviour , Unethical Theory X and Theory Y
Model, Semantic Barriers, behaviour at workplace , Big Five McClelland’s Model of Motivation
perceptual error Personality Model , Diagonal or Maslow's Hierarchy Theory of
crosswise communication , Kurt Lewin Motivation
change model organizational barrier
Non-verbal communication
Semantic Barriers
personal barriers
referent power and reward power
Ethics of care
Teleological Theory
Emotional Dissonance
Big Five Traits Model
Marks covered from RBI Circulars in Finance PAPER
17
36
27
2021 2022 2023

Subject 2021 2022 2023
Finance Static 19 8 15
RBI/SEBI
Circulars/current 6 17 11
Budget/ Economic Survey

Management 25 25 24
Total objective 50 50 50
RBI Circulars in
descriptive 15 10 25
Average Maximum Minimum
Marks Marks Marks
40.1 FM- 50 29.5 16 scored 45 or 20 scored in the range of

Objective 45+ 29.5-35
33.8 FM-Desc. 42 19 15 scored in the 6 scored in the range of

range of 38-42, 19-25
59 scored 35+
74.3 FM-Total 85.5 58.75 15 candidates 6 scored in the range of
scored 80 or 80+ 58.75-65, 40 scored in the
range of 58.75-70
RBI Grade B
Myths About
RBI Grade B
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RBI Grade B
Myths About
RBI Grade B
www.crackgradeb.com
Crack Grade B 2
FM 2021 FM 2022 FM 2023

15 marks 1.Write short note on the
questions functions of
SIDBI 1. What was India’s response to Global
EXIM Financial Crisis 2006. Write in 600 Q1. Explain in detail, RBI’s Retail
NABARD words. Direct Scheme Including the scope,
NHB 2. Manager role in encouraging ethical applicability, charges, fees, etc.
RRBs behaviour. Write in 600 words.
3. Barriers to communication and how to Q2. Explain the Big 5 Model of
2. Basel norms and what are the overcome it. Write in 600 words. personality. What are other traits of
pillars of Basel III norms personality affecting organisation
Behaviour?
3. What is Corporate Governance
why it is needed and what are Q3. What was Henry Fayol’s
the key principles of Corporate contribution tot Management? Explain
Governance his 14 – Principles of Management.
10 marks Q1. What is the Code of Conduct?
questions 1. Five major announcements in 1. Write a note on LTRO. Write in 400 How it is implemented in the
budget 2021. words. organization?
2. Why do people in organization resist
2. What is behavioural organization changes & how to manage Q2. Describe ONDC. How it will
reinforcement. Explain Positive it. Write in 400 words. impact companies like Amazon,
reinforcement and negative 3. Can Block chain technology disrupt Flipkart, Walmart, etc.
reinforcement. banking? Write in 400 words
Q3. What are Pre-Sanctioned credit
3. Difference between Lines at Banks through the UPI? How
Transformational and it is going to help in furthering
Transactional leadership Financial Inclusion?
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RBI Grade B Phase 2 FM Objective paper 3 years Analysis
Topic Marks 2021 Marks 2022 Marks 2023
Structure and Functions of Financial Institutions
Functions of Reserve Bank of India
Banking System in India – Structure and

Developments, Financial Institutions – SIDBI, FDI in banks (1
1 Q)
1 NaBFID
EXIM Bank,
NABARD, NHB, NaBFID etc
Recent Developments in Global Financial System

and its impact on Indian Financial System
Role of Information Technology in Banking and

Finance
Non-Banking System 1 1Q
Developments in Digital Payments
Primary and Secondary Markets (Forex, Money, ASBA/UPI SEBI

circular(3 Q ),
Bond, Equity, etc.), functions, instruments, recent 10 SEBI, NSDL (2
1 Bills of Exchange
developments Q)
BASEL Norms
Financial Risk Management 2 PE Ratio (1Q) 8 AIFIs Circulars
(4Qs),
Basics of Derivatives
Global financial markets and International

Banking – broad trends and latest developments.
PMJJBY, PMJDY.
Financial Inclusion 4 NETC (2 Q) 10
APY, PMSBY
Hybrid annuity
Alternate source of finance, private and social cost-
5 model (HAM) (2Q) 8 CSR (4 Q) 1 Forfaiting
benefit, Public-Private Partnership PPP (1Q)
Corporate
Governance in
Corporate Governance in Banking Sector 10
Banking RBI
Circular (5Q),
The Union Budget – Concepts, approach and broad Revenue

1 1 Non-Tax Revenue
trends expenditure (1Q)
Basics of Accounting and Financial Statements -

Balance Sheet, Profit and Loss, Cash Flow
Return on Assets
Statements, Ratio Analysis (such as Debt to Equity, 1
(ROA),
Debtor Days, Creditor Days, Inventory Turnover,
Return on Assets, Return on Equity, etc.)
Inflation: Definition, trends, estimates,
consequences, and remedies (control): WPI, CPI -
components and trends; striking a balance
between inflation and growth through monetary
and fiscal policies.
NBFC Circular
Regulatory
(2Qs),
RBI Circulars 1 Sandbox and 8
LEI, PIDF, PSL
1 LRS
cohort (1Q)
MSME Criteria
FPI investment in
Current 1
corporate bonds
Topic
Introduction to management; Evolution of
principles of
management thought: Scientific, Administrative,
management
Human Relations and Systems approach to 1
given by Henry
management; Management functions and Fayol
Managerial roles; Nudge theory
Meaning & concept of organizational behaviour;
Personality: meaning, factors affecting personality, organizational organizational
behaviour (3 Q) behaviour (3 Q) Big Five Traits
Big five model of personality; concept of 7
perceptual error
7
Big Five
1
Model
reinforcement; Perception: concept, perceptual (1Q) Personality Model
errors.
Maslow's Hierarchy
Low employee Theory of
Alderfer’s ERG
turnover Motivation?
theory, (1Q)
Motivation and theories 3 (1Q)Vroom's 6
Herzberg dual
6 McClelland’s Model
Expectancy of Motivation
factor theory (2Q)
Theory (1Q) Theory X and
Theory Y
Kurt Lewin
Leadership and theories 4 leadership style,
contingency theory
Emotional Intelligence: Concept, Importance,
Dimensions. Analysis of Interpersonal Johari Window
1
Relationship: Transactional Analysis, Johari model (1Q)
Window;
Conflict: Concept, Sources, Types, Management of
Conflict,
Kurt Lewin
Kurt Lewin Emotional
Organizational Change 6 change model 1
change
1
Dissonance
(3Q)
Teleological Theory ,
Ethics at the Workplace 1 unethical behavior 2
caring
Corporate Governance:
barrier of
communication communciation
(3Q), theory (4Q), organizational
Communication 8
communciation
9
formal
10
barrier (5Q)
theory, Semantic communication
Barriers
Crack Grade B 1
Finance and Management RBI Grade B 2023 phase 2 paper
48 marks questions out of 50 were directly covered in Our content (Proof enclosed)
All 50 marks descriptive was covered in Our content (Proof enclosed)
FINANCE AND MANAGEMENT

(1-5) Read the following paragraph below and answer the questions.
The government-initiated scheme X in August 2014 to provide universal banking services
for every unbanked household, based on the guiding principles of banking the unbanked,
securing the unsecured, funding the unfunded and serving un-served and under-served
areas. PMJJBY is a government-backed Life insurance scheme in India. In order to avail of
the benefits offered by the Pradhan Mantri Jeevan Jyoti Bima Yojana policy, it is mandatory
to link your Aadhaar Card to the participatory bank account.
Q1. Based on the above passage, identify the Scheme that has been launched on 15th
August, 2014:
a) Pradhan Mantri Jan Arogya Yojana (PMJAY)

b) Pradhan Mantri Jan Dhan Yojana (PMJDY)
c) Pradhan Mantri Jan Bhagidari Yojana
d) Pradhan Mantri Jan Man Yojana
e) Pradhan Mantri Jan Manthan Yojana
Answer – (b)
Q2. What is the life insurance limit under PMJJBY?
a) Rs. 1,00,000
b) Rs. 4,00,000
c) Rs. 3,00,000
d) Rs. 2,00,000
e) Rs. 2,50,000
Crack Grade B 2
Answer – (d)
Q3. What is the age limit in the PMJJBY?
a) 40 years
b) 60 years
c) 50 years
d) 55 years
e) 65 years
Answer – (c)
Q4. What is the maximum amount of pension that is received under APY?
a) Rs. 1,000
b) Rs. 2,000
c) Rs. 3,000
d) Rs. 5,000
e) Rs. 4,000
Answer – (d)

Crack Grade B 3
Q5. What is the amount of premium that is paid in the PMSBY?
a) 40
b) 50
c) 20
d) 35
e) 45
Answer- (c)
(6-10) Read the following paragraph below and answer the questions.

Crack Grade B 4
These guidelines are applicable on Private sector banks including Small Finance Banks (SFBs),
Payments Banks (PBs), wholly-owned subsidiaries of foreign banks and foreign banks operating
in India under branch mode. The Chair of the board shall be a/an ________ . (a) Audit Committee
of the Board (ACB)-The ACB shall be constituted with only _____ . The Chair of the board shall
not be a member of the ACB. The ACB shall meet with a quorum of three members. Nomination
and Remuneration Committee (NRC)-The board shall constitute an NRC made up of only NEDs.
The NRC shall meet with a quorum of three members. Risk Management Committee of the Board
(RMCB).The board shall constitute an RMCB with a majority of NEDs. At least half of the members
attending the meeting of the RMCB shall be independent directors of which at least one member
shall have professional expertise/ qualification in ______.
Q6. Who shall be the chair of the board?
a) Non-Executive Director
b) Executive Director
c) Independent Director
d) Promotor Director
e) Small Shareholder Director
Answer – (c)
Q7. What is the quorum of the meeting of the board?
a) one half members

b) one third members
c) two third members
d) two fifth members
e) one tenth members
Answer – (b)

Crack Grade B 5
Q8. Which of the following members are comprised in the Nomination committee?
a) Independent Director
b) Non Executive Director
c) Executive Director
d) Shareholder Director
e) Promoter Director
Answer – (b)
Q9. At least half of the members attending the meeting of the RMCB shall be independent
directors of which at least one member shall have professional expertise/ qualification in
____.
a) Risk Management
b) Corporate Management
c) Credit Management
d) Financial Management
e) Audit
Answer – (a)

Crack Grade B 6
Q10. Which of the following is the guidelines of RBI is the passage talking about?
a) Risk Management
b) Corporate Management
c) Corporate Governance
d) Outsourcing of IT services
e) Audit
Answer- (c)
(11-15) Read the passage below and answer the following questions.
Motivation is a force that pushes people to work with a high level of commitment and focus, even
if things are going against them. Motivation translates into a certain kind of human behaviour.
In short, motivation is the driving force behind human actions. There are many different forces
that guide and direct our motivations. Abraham Maslow postulated that a person will be motivated
when all his needs are fulfilled. McClelland affirms that we all have ____ motivating drivers.
Leadership style is the reflection of the leader’s behavioural pattern that enables them to manage
their employees by directing and motivating them towards a common vision. As per Kurt Lewin,
there are three major leadership styles, however, these theories were further broadened. Power.
French and Raven (1959) gave five power dynamics (or bases of power). The contingency theory
of leadership states that effective leadership is contingent upon the situation at hand. It depends
on whether an individual's leadership style befits the situation.
Q11. Which of the following is the highest level need of Maslow's Hierarchy Theory of
Motivation?
a) Self Actualisation Needs

b) Esteem Needs
c) Social Needs
d) Safety Needs
e) Physiological Needs
Answer – (a)

Crack Grade B 7
Q12. McClelland’s Model of Motivation proposed how many needs?

a) 1
b) 2
c) 3
d) 4
e) 5
Answer – (c)
Q13. Douglas McGregor developed a theory of motivation on the basis of a hypothesis relating to
human behaviour. On one hand, managers assume employees are lazy and have an inherent
dislike of work. On the other hand, work is as natural as play if the conditions are favourable and
the average person does not inherently dislike work.
Which of the theory is being talked about above?
a) Vroom’s Expectancy Theory

b) Theory Z
c) ERG Theory
d) Theory X and Theory Y
e) Porter and Lawler Expectancy Model
Answer – (d)

Crack Grade B 8
Q14. Which of the following are three leadership styles given by Kurt Lewin?
a) Authoritarian, Influencing, Power

b) Autocratic, Democratic, Laissez Faire Leader
c) Authorization, directive, participatory
d) Supportive, Aggressive, Authorization
e) None of the Above
Answer – (b)
Not covered directly
Q15. Which of the following is a part of contingency theory?
a) Fiedler Contingency Theory

b) Great Man Theory
c) Managerial Grid of Blake and Mouton
d) Likert’s Management System
e) a) and c)
Answer – (a)

Crack Grade B 9
(16 – 20) Read the following passage and answer the following questions.
Rakesh is an employee who has changed many jobs due to his poor vocabulary and he is unable
to connect with clients on calls. Barriers to effective communication can result in confusion which
can lead to incorrect information being conveyed or miscommunication which can lead to loss of
business. Various issues faced by the organisation are
(i) structure, rules and regulations present in the organisation.
(ii) lack of trust of superior in subordinate
(iii) attention issue
(iv) lack of skills in the translator where he does not know both languages. structure, rules and
regulations present in the organisation. Various types of communication barriers are 1. Semantic
barriers 2. Psychological barriers 3. Organisational barriers 4. Personal barriers
Q16. Which of the following is/are personal barriers?
a) only I)
b) only ii)
c) only i) and iii)
d) only ii) and iii)
e) only iii)
Answer – (b)

Crack Grade B 10
Q17. Which of the following barrier is faced by Rakesh?
a) Semantic
b) Physiological
c) Organisational
d) Personal
e) Physical
Answer – (a)

Crack Grade B 11
Q18. Which of the following barriers are concerned with problems and obstructions in the
process of encoding and decoding the message into words or impressions?
a) Semantic Barriers
b) Status Barriers
c) Organisational Barriers
d) Perceptual Barriers
e) Personal Barriers
Answer – (a)
Q19. Which of the following is an example of Non-verbal communication?
a) Memos and documents

b) Emails
c) Body Language and Gestures
d) Posters and Advertisements
e) Graphics, Infographics, and Arts
Answer – (c)

Crack Grade B 12
Q20. Which of the following best represents an example of an organizational barrier in a

workplace?
a) A lack of proper communication channels between different departments.

b) An individual's personal fear of public speaking.
c) A disagreement between coworkers over a project's direction.
d) A delay in a project due to unforeseen external factors
e) None of the Above
Answer – (a)
1 Markers
Q21. Organized, self-disciplined and achievement-oriented are the characteristics of
which of the traits of the Big Five Traits Model?
a) Conscientiousness
b) Emotional Stability
c) Agreeableness
d) Extroversion
e) Openness to experience
Answer – (a)

Crack Grade B 13
Q22. Fill in the blank with an appropriate option below.
A conflict between emotional requirements and real emotions is known as ____________.
a) Emotional Conflict
b) Emotional Dissonance
c) Emotional Management
d) Perception Defence
e) Cognitive Dissonance
Answer – (b)
Q23. Which of the following theories holds that the ends or consequences of an act
determine whether the act is good or bad?
a) Ethics of Rights Theory

b) Ethics of Justice Theory
c) Virtue Ethics Theory
d) Deontological Theory
e) Teleological Theory
Answer – (e)

Crack Grade B 14
Q24. What kind of principle focuses on the kind of value displaces by others?
a) Caring
b) Right
c) Justice
d) Distribution
e) Love
Answer – (a)

Crack Grade B 15
Q25. Calculate the Return on Assets (ROA), if Income – is Rs 100 Lakhs and Asset size = is
Rs 500 lakhs.
a) 10
b) 50
c) 20
d) 25
e) 15
Answer - (c)
Discussed in ratio’s video lecture.
Q26. The NaBFID Act, 2021 has been set up as a Development Financial Institution (DFI)
to support the development of which part of the economy?
a) Finance
b) Infrastructure
c) Banking
d) Roadways
e) Export
Answer- (b)
Q27. What is the maximum limit that a resident individual can freely remit per financial
year under the Liberalised Remittance Scheme?
a) USD 250000
b) USD 50000
c) Rs 250000
d) Rs 50000
e) Rs 25000
Answer- (a)

Crack Grade B 16
Q28. Which of the following is an example of Alternative Sources of

Finance (ASF)?
a) Forfaiting
b) Bank Loan
c) Credit
d) Government Security
e) Corporate Bonds
Answer - (a)
Q29. Which of the following is a type of Non-Tax Revenue?
a) Income Tax
b) Customs duties
c) GST
d) Interest
e) Excise duties
Answer - (d)

Crack Grade B 17
Q30. Definition of referent power and reward power were given in question.
15 MARKS
Q1. Explain in detail, RBI’s Retail Direct Scheme Including the scope, applicability,
charges, fees, etc.

Crack Grade B 18
Q2. Explain the Big 5 Model of personality. What are other traits of personality affecting
organisation Behaviour?

Crack Grade B 19

Crack Grade B 20
Q3. What was Henry Fayol’s contribution tot Management? Explain his 14 – Principles of
Management.
10 MARKS
Q1. What is the Code of Conduct? How it is implemented in the organization?

Crack Grade B 21
Q2. Describe ONDC. How it will impact companies like Amazon, Flipkart, Walmart, etc.

Crack Grade B 22
Q3. What are Pre-Sanctioned credit Lines at Banks through the UPI? How it is going to
help in furthering Financial Inclusion?

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RBI Grade B

2021 2022 2023

2021 2022 2023

2021 2022 2023

Budget/ Economic Survey

40.1 FM- 50 29.5 16 scored 45 or 20 scored in the range of

33.8 FM-Desc. 42 19 15 scored in the 6 scored in the range of

FM 2021 FM 2022 FM 2023

www.crackgradeb.com | info@crackgradeb.com | 9310558455

Structure and Functions of Financial Institutions

Functions of Reserve Bank of India

Banking System in India – Structure and

Recent Developments in Global Financial System

Role of Information Technology in Banking and

Developments in Digital Payments

Primary and Secondary Markets (Forex, Money, ASBA/UPI SEBI

Global financial markets and International

The Union Budget – Concepts, approach and broad Revenue

Basics of Accounting and Financial Statements -

All 50 marks descriptive was covered in Our content (Proof enclosed)

FINANCE AND MANAGEMENT

a) Pradhan Mantri Jan Arogya Yojana (PMJAY)

Q2. What is the life insurance limit under PMJJBY?

Q3. What is the age limit in the PMJJBY?

www.crackgradeb.com | info@crackgradeb.com | 9310558455

Q5. What is the amount of premium that is paid in the PMSBY?

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Q6. Who shall be the chair of the board?

Q7. What is the quorum of the meeting of the board?

a) one half members

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a) Self Actualisation Needs

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Q12. McClelland’s Model of Motivation proposed how many needs?

a) Vroom’s Expectancy Theory

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a) Authoritarian, Influencing, Power

Q15. Which of the following is a part of contingency theory?

a) Fiedler Contingency Theory

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Q16. Which of the following is/are personal barriers?

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Q17. Which of the following barrier is faced by Rakesh?

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Q19. Which of the following is an example of Non-verbal communication?

a) Memos and documents

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Q20. Which of the following best represents an example of an organizational barrier in a

a) A lack of proper communication channels between different departments.

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Q22. Fill in the blank with an appropriate option below.

A conflict between emotional requirements and real emotions is known as ____________.

a) Ethics of Rights Theory

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Q28. Which of the following is an example of Alternative Sources of