Reserve Bank of India (RBI/Bank) jobs

Applications (App.) are invited for the post mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, citizens of Nepal and subjects of Bhutan, Tibetan refugees (who came over to India before 1st January 1962) and persons of Indian origin who have migrated from Myanmar and Sri Lanka with the intention of permanently settling in India and in whose favour Eligibility Certificates have been issued by Government of India.

Out of 75 vacancies mentioned above, 3 vacancies are reserved for candidates belonging to Persons with Disability (PWD) category - one vacancy each for Orthopedically Handicapped (OH), Hearing Impaired (HI) and Visually Handicapped (VH). Persons with Disability may belong to any category - GEN/SC/ST/OBC.

Note: (I) The degree of disability should be (i) minimum 40% in case of Orthopaedically Handicapped persons,(ii) Hearing Impaired are those in whom the sense of hearing is non-functional for ordinary purposes of life. They do not hear, understand sounds at all, even with amplified speech. The cases included in this category will be those having hearing loss more than 60 decibels in the better ear (profound impairment) or total loss of hearing in both ears. The degree of disability should not be less than 40% and (iii) For being considered as a Visually Handicapped candidate the candidate should fulfill either of the following conditions:

(a) Total absence of sight.
(b) With visual acuity not exceeding 6/60 or 20/200 (Snellen) in the better eye with correcting lenses.
(c) With limitation of the field of vision subtending an angle of 20 degrees or worse.

(II) The Persons with Disability (PWD) candidates should possess a latest Certificate to this effect issued by an authorized Government of India/State Government Department/ Hospital.

2    ELIGIBILITYCRITERIA :

(a) Age (as on 01 -09-2011): Between 21 and 30 years (candidates must have been born not earlier than 02/09/1981 and not laterthan 01/09/1990). For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 31 and 33 years respectively. For candidates having experience as an officer in Commercial Bank/Financial Institution in Public Sector, upper age limit is relaxed to the extent of number of years of such experience subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. Refer item 4 below for relaxation in upper age limit for specified categories.

(b) Educational Qualifications (as on 01-09 -2011): i) A First Class Bachelor's Degree with a minimum of 60% marks or an equivalent grade OR ii) A Second Class Master's Degree with a minimum of 55% marks or an equivalent grade OR iii) A Doctorate Degree with 50% marks in Master's Degree or equivalent grade OR iv) Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor's Degree OR v) A Post Graduate Diploma in Management /MBA qualification from institutions recognized by Government of India/ University Grants Commission, with Graduation / Bachelor's Degree.

NOTE: SC/ST/PWD candidates having second class with a minimum of 50% marks or equivalent grade in Bachelor's Degree examination OR having a Post-graduate Degree or equivalent recognized qualification, are eligible to apply.

(c) Scheme of Selection

Selection will be through Written Examinations (WE) and Interview. 'WE' will be held in two phases as under:

(I) Phase I (Objective Type Test): This Paper of 3 hours duration for 200 marks will be held on Sunday, the December 18.2011. The Paper consists tests of i) General Awareness ii) English Language iii) Quantitative Aptitude and iv) Reasoning. Candidates have to secure minimum marks separately for each test as prescribed by the Board. Candidates who secure minimum marks separately for each Test as prescribed will be shortlisted for Phase II of the 'WE' based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being shortlisted for Phase II of the WE will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates successful in Phase I of the WE are likely to be published in Employment News / Rozgar Samachar, on the RBI website and a brief notice thereof in leading newspapers in January /February 2012.

(II)  Phase II (Descriptive Type Test): The Phase II Examination will be conducted in March/April 2012 (tentative) only for those candidates who are successful in Phase I (Objective Type Test). The date and time-table will be intimated to the candidates concerned at the appropriate time. The Examination will consist of three Descriptive Type papers-

(i) Paper I - English (ii) Paper II - Economic and Social Issues and (iii) Paper III - Finance and Management. Each of these papers is of 3 hours duration carrying 100 marks.

NOTE: Phase I (except the test of English) and Papers II and III of Phase II will be set bilingually in Hindi and English. Phase I is Objective Type and only marking the correct choice is required. However, Papers II and III of Phase II can be answered either wholly in Hindi or English at the candidate's option.

(III) Syllabus (Phase II):

(i)   Paper I- English:

Essay, Precis writing, Comprehension, Business/Office Correspondence.

(ii) Paper II - Economic and Social Issues:

Growth and Development - Measurement of growth: National Income and per capita income - Poverty Alleviation and Employment Generation in India - Sustainable Development and Environmental issues. Economic Reforms in India - Industrial and Labour Policy - Monetary and Fiscal Policy - Privatisation - Role of Economic Planning. 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. Social Structure in India - Multiculturalism -Demographic Trends - Urbanisation and Migration - Gender Issues - Social Justice: Positive Discrimination in favour of the under privileged - Social Movements - Indian Political System - Human Development - Social Sectors in India, Health and Education.

(iii) Paper III - Finance and Management:

Finance: The Union Budget - Direct and Indirect taxes; Non-tax sources of revenue; Outlays; New Measures; Financial Sector Reforms; Capital Market, Money Market and Foreign Exchange Market; Stock Exchanges and their Regulation; Capital Market Intermediaries and their Regulation; Role of SEBI; Functions of the Money Market; Growth and Operation of the Money Market; The Foreign Exchange Market; From FERA to FEMA; Exchange Rate Management; Exchange Risk Management; Role of Banks and Financial Institutions in Economic Development; Regulation of Banks and Financial Institutions; Disinvestment in Public Sector Units.

Management: Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal - Potential appraisal and development - Feedback and Performance Counseling - Career Planning - Training and Development - Rewards -Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

NOTE: The above syllabus is only indicative and not exhaustive. Keeping in view that candidates from different faculty backgrounds apply for the post, the questions in Papers II and III will be basic in nature. Candidates will be short-listed for interview based on the aggregate marks obtained only in Phase II - Papers I. II and III. The minimum cut off marks for being short-listed for interview will be decided by the Board in relation to the number of vacancies. Candidates may answer the Interview either in Hindi or English at their option. Final selection will be based on the performance of the candidate in Phase II of the 'WE' and Interview.

(d)  Number of attempts:

Candidates belonging to Unreserved Category, who had already appeared four times for WE' for this post in the past, are not eligible to apply. No such restriction to candidates belonging to SC\ST\OBC\PWD, if the posts are reserved forthem.

(e)  Pre-examination training for SC/ST/PWD candidates:

The Bank arranges pre-examination training for Phases I and II of the examination for SC/ST/PWD candidates, free of cost, at the centres where the Bank has its offices. Candidates who desire to avail of the training may apply separately to the Regional Director/General Manager, Reserve Bank of India at any one of the centres marked (**) below, whichever is convenient to them in the format furnished below on or before October 3, 2011. Candidates should not send their application for training to the Reserve Bank of India Services Board's Office (Board) as the Board will not entertain such applications.