How to Prepare Economics And Social Issues Paper of RBI Grade B

How to Prepare Economics And Social Issues of RBI Grade B

The Economic and Social Issues is a critical part of the RBI Grade B Phase II Examination. It tests an applicant’s skills about the Economic as well as Social concepts (static skills) and the numerous issues regarding National and International Economic as well as Social issues (current affairs). It’s an objective paper which carries 100 marks for the duration of 90 minutes.

In this article, we have mentioned the syllabus, resources, and guideline to appear the Economic and Social issues part of your preparation:

Given below is the syllabus of Economics and Social Issues:

Syllabus of Economics

Growth and development

Size of growth: National income as well as per capita income
Poverty alleviation as well as employment generation in India
Sustainable Development as well as Environmental issues

Globalization

Commencing up of the Indian Economy
Balance of Payments
Import- Export policy
International Economic Institutions
World Bank and IMF
WTO
Regional Economic Co-operation

Economic reforms in India

Monetary and Fiscal policy
Industrial and Labor policy
Role of Economic Planning
Privatization

Social System in India

Multiculturalism
Demographic Tendencies
Urbanization and Migration
Gender Issues
Social Justice: Positive Discrimination in desires of the underprivileged
Social Action
Indian Political system
Human development
Social sectors in India: Health & Education

Resources for preparation

Following are the questions can be asked in Economics and Social Issues subjects:

Economic Survey of India
The Budget Document
Conceptual based (Books)
Basic skills (NCERT)
Newspapers (Current events, factual in nature)
Press Information Bureau
The Hindu Newspaper
The Economic Survey of India
The Union Budget
Economic & Political Weekly
Yojana
Pratiyogita Darpan
Southern Economist
Business India
RBI Bulletins

Strategy

Check the sample papers to be familiarise with the type of questions
Determine your pace & accuracy
Perceive your strengths & weaknesses

Approach

The Economic and Social Issues preparation will be divided into two parts Static and Dynamic
While the static part specializes in conceptual understanding of economic & social concepts, the dynamic segment specializes in current affairs associated with economic and social issues.

Static

If you’re new to economics, refer to NCERT economics textbooks of class 10, eleven and 12 . Get ya clear vision of the topics like national income, improvement and boom, budget, financial institution quotes, fiscal/revenue deficits, banking & finance sector of India, Niti Aayog, planning fee, position of government of India, taxation, inflation, repo charge etc .
After reading the basic concepts move to monetary plicy of India, modern census, union budget, FAQ section of the RBI website

Dynamic

Magazines like Yojana and Pratiyogita Darpan and newspapers like The Hindu and monetary instances for current affairs of remaining are a good source for dyanmic concepts of economics. Pay attention to the minute information like facts, figures, numbers, and percentages noted. Numerous questions requested on this segment are factual in nature.
For social, read up approximately the diverse social zone schemes & welfare packages.