How to Prepare Government Schemes for RBI Grade B Exam

The journey to crack the RBI Grade B exam involves a comprehensive understanding of various subjects, and one crucial area is government schemes. However, questions may arise about the importance of specific schemes, the number of schemes to cover, how to cover them, where to read them, how to download them in PDF, and more.

In this article, we’ll answer these questions and provide a strategic approach for preparing government schemes for the RBI Grade B Phase 1 and 2. But before that, let’s understand: Are government schemes important for the RBI Grade B exam?

Are Government Schemes Important for RBI Grade B?

In order to understand the importance of government schemes for the RBI Grade B exam, let’s understand their weightage in the exam.

In the RBI Grade B 2023 Phase 1 exam, government schemes contributed 8 marks out of the total 80 marks for general awareness questions. Moving to Phase 2, specifically in the ESI and FM objective sections, out of 50 marks each, government schemes held a significant weightage with 12 and 10 marks, totaling 22 marks.

In RBI Grade B 2022 Phase 1 exam, out of 80 marks for general awareness questions, 10 marks were allocated to government schemes. In Phase 2, out of 50 marks from the ESI objective, a significant 30 marks were allocated to government schemes, making it a crucial area for scoring well.

After familiarising yourselves with the weightage of government schemes and understanding their importance, let’s look at which schemes are important for the RBI Grade B exam.

Which Government Schemes Are Important for the RBI Grade B?

You should follow 3 parameters to know how to shortlist which government schemes are important for the RBI Grade B Exam. Here are the 3 parameters:

1. Duration
2. Old or New
3. Important Ministries/Areas

Below, we have explained these parameters in detail.

1. Duration

In preparation for the RBI Grade B exam, focusing on the last 9 months of government schemes is crucial. But what precisely does this 9-month duration include? Check out the 2nd point for the answer.

2. Old or New

Any government scheme, whether old or new, which has been in the news during the past 9 months from the exam date, is important. The reason behind any scheme in the news could be

• The scheme could have been newly launched
• The existing scheme may have been updated/restructured/extended
• The scheme may have achieved some milestone
• New schemes may have been announced in the Union Budget
• Existing schemes may have been mentioned in the Economic Survey

Let’s take an example of the RBI Grade B 2021 exam to understand it better. In the exam,

• 5 questions were asked from the AMRUT scheme, which was launched in 2015. 
• 3 questions were asked from the PM KISAN scheme, which was launched in 2019.

The point to be noted is that both these schemes were in news within 9 months before the 2021 exam.

3. Important Ministries/Areas

Plenty of schemes are in news in the 9 months preceding the exam, but which scheme/s should you cover for your RBI Grade B exam? 

You need to cover only those schemes which are related to the RBI Grade B syllabus. Below, we have mentioned the list of important ministries whose schemes you need to cover, as these are related to your syllabus.

• Ministry of Health and Family Welfare
• Ministry of Education
• Ministry of Social Justice and Empowerment
• Ministry of Urban Development
• Ministry of Rural Development
• Ministry of Child and Women Development
• Ministry of Labor and Employment
• Ministry of Environment, Forest, and Climate Change
• Ministry of Agriculture and Farmers Welfare
• Ministry of External Affairs
• Ministry of Commerce and Industry

Besides these important ministries, if time permits, you should also cover the other relevant ministries, such as

• Ministry of Drinking Water and Sanitation
• Ministry of Food and Public Distribution
• Ministry of Housing and Urban Affairs
• Ministry of Jal Shakti
• Ministry of Micro, Medium, and Small Enterprises
• Ministry of Power
• Ministry of Railways
• Ministry of Road Transport and Highways
• Ministry of Skill Development and Entrepreneurship
• Ministry of Tribal Affairs
• NITI Ayog

Here is a video explaining in detail which schemes to cover for the RBI Grade B exam, along with the important ministries. 

After understanding which schemes to cover for the RBI Grade B exam, let’s understand how to approach a government scheme. 

What to Cover in a Government Scheme?

Here’s a breakdown of what you should cover in a government scheme (along with examples) to prepare for the RBI Grade B exam.

1. Identify the Scheme 

Get a clear understanding of the scheme’s name and its primary purpose. Direct questions often revolve around identifying the scheme. E.g.,

Paragraph on PVTG Scheme: Government has focused on developing tribal human resource with a holistic approach over the last 9 years. Government has launched a mission which will saturate PVTG families and habitations with basic facilities and stressed on education for PVTG’s. A fund of Rs 15,000 crore for the next three years has been allocated for the socio-economic development of the group.

Tribal communities are often identified by some specific signs such as primitive traits, distinctive culture, geographical isolation, shyness to contact with the community at large and awkwardness.

PVTGs are more vulnerable among the tribal groups. Due to this factor, more developed and assertive tribal groups take a major chunk of the tribal development funds, because of which PVTGs need more funds directed for their development.

Question: Which one of the following schemes has been mentioned in the above passage?

1. Pradhan Mantri Adi Adarsh Gram Yojna
2. Pradhan Mantri PVTG Development Mission
3. Pradhan Mantri Janjatiya Vikas Mission
4. Van Dhan Yojana
5. Swadhar Greh Scheme

2. Eligible Beneficiaries

Identify the target group or individuals who are eligible to get benefits under a scheme. E.g., 

Question: All landholder farmers’ families in the country are eligible for the PM-Kisan Scheme, except (2 mark)

1. All institutional landholders
2. Former and present holders of constitutional posts
3. All serving or retired officers and employees of central/state government ministries/offices/departments
4. All persons who paid income tax in the last assessment year.
5. Professionals like doctors, engineers, lawyers, chartered accountants, and architects who are registered with professional bodies and carry out their profession by undertaking practices. 

Options

Choose the correct options

1. 1, 2, 3, and 4 only
2. 1, 2, 3, and 5 only
3. 1, 2, 4, and 5 only
4. 2, 3, 4, and 5 only
5. All of the above

3. Nodal Ministry

Know the ministry or department responsible for the scheme’s implementation to understand the administrative framework. E.g., 

Question: Which ministry has launched a campaign titled “Bhasha Certificate Selfie” to promote the Bhasha Sangam mobile app?

1. Ministry of Social Justice and Empowerment
2. Ministry of Culture
3. Ministry of Electronics and Information Technology
4. Ministry of Education
5. None of the above

4. Launch Year

Understand when the scheme was introduced. Knowing the launch year helps candidates to understand the timeline of policy changes, if any. E.g., 

Question: When was MGNREGA launched?

1. 2004
2. 2005
3. 2006
4. More than one of the above
5. None of the above

5. Funding Pattern (Centre-State)

Understand the distribution and sources of funding. Comprehend the contribution ratio between the central and state governments to the scheme. E.g., 

Question: The financial sharing basis of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme between the Centre and state is done on? (2 marks)

1. 60:40 basis
2. 50:50 basis
3. 70:30 basis
4. 80:20 basis
5. None of the above

6. Objectives

Understand the specific goals and aims of the scheme. E.g., 

Question: Which of the following is not correct regarding the purpose of the AMRUT scheme? (2 marks)

1. Ensure that every household has access to a tap with an assured supply of water and sewerage connection.
2. Increase the amenity value of cuties by developing greenery and well-maintained open spaces (parks).
3. Reduce pollution by switching to public transport or constructing facilities for non-motorised transport. 
4. Preserve the character of the soul of a heritage city and facilitate inclusive heritage-linked urban development by exploring various avenues, including the private sector. 
5. None of the above.

7. Budget Allocation

Be aware of the financial allocation earmarked for the scheme, facilitating an understanding of its scale and priority within government expenditure. E.g., 

Question: What is the amount allocated for the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) in the Union Budget 2022-23?

1. Rs 60,000 crore
2. Rs 62,000 crore
3. Rs 65,000 crore
4. Rs 68,000 crore
5. Rs 70,000 crore

8. Current Developments

Stay updated on any recent changes or developments related to the scheme. E.g.,

Question: In December 2020, how much money was credited into the accounts of beneficiary farmers under the PM Kisan scheme? (2 marks)

1. Rs 10,000 crore
2. Rs 18,000 crore
3. Rs 35,000 crore
4. Rs 13,000 crore
5. None of the above

9. Tagline

Familiarise yourself with any slogans or taglines associated with the scheme. E.g.,

Question: Which of the following is the tagline of the Aatm Nirbhar Abhiyan scheme?

1. Skill hai to Bhavishya hai
2. Trained India, Prosperous India
3. Skilled Bharat, Saksham Bharat
4. Kaushal Bharat, Kushal bharat
5. Padhe Bharat, Bhade Bharat

10. Associated Company for Implementation

If applicable, identify any external organisations or companies involved in implementing the scheme. E.g.,

Question: Recently, the NDUW has been integrated with an application, which is developed by the Ministry of Electronics and Information Technology (MeitY) and _____.

1. NITI Aayog
2. National Informatics Centre
3. Unique Identification Authority of India (UIDAI)
4. National e-Governance Division (NeGD)
5. Government e Marketplace (GeM)

11. Associated Brand Ambassadors

Identify any individuals or personalities associated with promoting the scheme. E.g.,

Question: Which of the following actors and actresses have promoted the Skill India Mission through one of their Hindi movies, Sui Dhaga?

1. Varun Dhawan & Alia Bhatt
2. Ranveer Kapoor & Anushka Sharma
3. Varun Dhawan & Anushka Sharma
4. Ranveer Kapoor & Deepika Padukone
5. Ranveer Kapoor & Alia Bhatt

12. Restructuring or Amalgamation

Schemes often undergo restructuring, amalgamation, or replacement within the dynamic landscape of government initiatives. Given the potential significance of these changes, questions on scheme restructuring or amalgamation may be asked in the RBI Grade B exam. E.g., 

Question: Which of the following schemes was replaced by Swarnajayanti Gram Swarozgar Yojna?

1. Integrated Rural Development Program (IRDP)
2. Training of Rural Youth for Self-Employment (TRYSEM)
3. Development of Women and Children Areas (DWCRA)
4. Ganga Kalyan Yojna (GKY)
5. Million Wells Scheme (MWS)

Here is a detailed video explaining what to cover in a government scheme.

Now that you have understood what to cover in the government schemes, let’s take a look at the schemes that are important for the RBI Grade B exam.

Most Important Schemes for the RBI Grade B Exam 2024

Below, we have mentioned the important ESI and Finance government schemes for the RBI Grade B 2024 Phase 1 and 2 that have been in the news for the past few months.

1. PM SVANidhi
2. Galvanizing Organic Bio-Agro Resources Dhan (GOBARdhan)
3. Sovereign Gold Bond Scheme 2023-24
4. Pradhan Mantri Anusuchit Jaati Abhuyday Yojana (PM- AJAY)
5. National Green Hydrogen Mission (NGHM)
6. Scheme for Residential Education for Students in High Schools in Targeted Areas (SHRESHTA)
7. Remission of Duties and Taxes on Exported Products (RoDTEP)
8. Scheme for Recognition of Internet Service Providers (ISPs)
9. National Agriculture Market (e-NAM) Scheme
10. Scheme for promotion of Research and Innovation in the Pharma MedTech Sector (PRIP)
11. Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)
12. National Means-cum-Merit Scholarship Scheme (NMMSS)
13. Swachh Bharat Mission (SBM) Gramin Phase II
14. Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY)
15. Pradhan Mantri Matsya Sampada Yojana (PMMSY)
16. Pradhan Mantri Schools for Rising India (PM SHRI)
17. Marketing and Logistics Development for the Promotion of Tribal Products from the North-Eastern Region (PTP-NER)
18. Pradhan Mantri Ujjwala Yojana (PMUY)
19. PM Vishwakarma Scheme
20. Soil Health Card Scheme
21. Pradhan Mantri Dakshata Aur Kushalata Sampanna Hitgrahi (PMDAKSH) Yojana
22. New India Literacy Programme
23. Atal Pension Yojana (APY)
24. National Pension System
25. PM-eBus Sewa
26. World’s Largest Grain Storage Plan in Cooperative Sector
27. Pradhan Mantri Uchchatar Shiksha Abhiyan (PM-USHA)
28. Jal Jeevan Mission (JJM)-Har Ghar Jal
29. Mera Bill Mera Adhikaar
30. Ayushman Bharat Digital Mission (ABDM)
31. Survey of Villages and Mapping with Improvised Technology in Village  Areas (SVAMITVA) Scheme
32. Smart Cities Mission (SCM)
33. UDAN-RCS (Ude Desh ka Aam Nagrik – Regional Connectivity Scheme)
34. Digital India
35. Pradhan Mantri Awas Yojana – Rural (PMAY-R)
36. Mahila Samman Savings Certificates, 2023
37. Bharat Ne

We have listed the schemes based on the analysis of the past 5 years. We have also included the schemes launched or in the news for the past 9 months. All these above-mentioned government schemes play a crucial role in the RBI Grade B 2024 exam.

Now that you have understood the most important ESI and Finance government schemes for the RBI Grade B exam, it is time to understand how to prepare them.

How to Approach Government Schemes

Follow these 3 easy steps to approach schemes for the RBI Grade B exam:

1. Devote at Least 1 Hour Daily to Prepare Schemes

Allocate a dedicated time of at least one hour each day to prepare government schemes. This consistent daily commitment ensures a steady and comprehensive approach to familiarising yourself with the various schemes. 

By setting aside this specific time slot, you can create a structured routine allowing in-depth study, analysis, and retention of essential schemes-related information. Consistency is crucial for a strong knowledge foundation, staying updated, and effective preparation for government schemes.

2. Cover at Least Two Schemes in a Day

You should cover at least two government schemes daily as part of your RBI Grade B Preparation Strategy routine. This approach ensures a steady progression in your scheme preparation, allowing for in-depth analysis and comprehension, making your study sessions focused and manageable.

3. Revise the Scheme Next Day  

Before proceeding with the new scheme the next day, make it a practice to revisit and revise the schemes you covered the previous day. By revisiting the information before moving on to the next scheme, you consolidate your understanding, making it more likely to remember.

How to Revise

Revision doesn’t mean that you have to read the entire scheme. Just keep 15 minutes to revise the key dimensions of the schemes such as ministry, objective, funding pattern, and other critical aspects. 

4. Practise Lots of MCQs  

Practise as many MCQs on government schemes as you can to strengthen your grasp of key concepts relevant to the RBI Grade B exam. This practice not only helps in reinforcing your understanding but also serves as a valuable tool for identifying and rectifying your mistakes. By pinpointing your weak areas, you can strategically focus on improving efficiency in those specific topics.

Here is the video explaining in detail how to approach government schemes for the RBI Grade B Phase 1 and 2.

After understanding how to approach schemes, let’s understand which sources are important to prepare schemes for the RBI Grade B exam.

Important Sources for Schemes Preparation

In order to understand which sources are important to prepare schemes for the RBI Grade B exam, let’s look at the table below:

As depicted in the table above, it’s evident that in Phase 1, 9 out of the 10 marks assigned to the scheme were derived from PIB (Press Information Bureau). Similarly, for the 30 marks allocated to the scheme, 26 marks in Phase 1 originated from PIB. It concludes that the PIB is the most important source for the RBI Grade B schemes preparation.

Is Only PIB Enough to Cover Schemes for the RBI Grade B Exam? 

The answer is NO. While relying on the PIB is essential for comprehensive scheme preparation, it alone may not be sufficient to cover all the important schemes. While it serves as a primary source, it is advisable to complement it with additional resources such as The Hindu, the RBI website, and others to ensure a well-rounded scheme preparation.

Here is a video explaining which source to refer to cover RBI Grade B government schemes in detail.

Now that you have understood the important sources, let’s look at the sources provided by EduTap to prepare schemes for the RBI Grade B exam.

EduTap Government Schemes for the RBI Grade B Exam

EduTap is offering FREE video tutorials to help you cover important government schemes for the RBI Grade B Phase 1 and 2. In this instructional video, candidates can expect detailed insights, key takeaways from schemes, and valuable preparation tips to approach the ESI and Finance government schemes effectively. 

Our team of experienced educators thoughtfully curates the content with the aim of providing aspiring candidates with a clear understanding and strategic guidance.

Join our Telegram Channel to download the PDFs of the latest Government Schemes for the RBI Grade B.

Conclusion

Preparing government schemes for the RBI Grade B exam demands a systematic and thorough approach. Understanding which government schemes are important for the RBI Grade B exam is the first step of scheme preparation. A dedicated study routine, consistent coverage of key ministries, and a thorough understanding of the latest developments in government initiatives are paramount. Moreover, integrating diverse sources such as PIB, newspapers like The Hindu, and RBI websites adds depth to your preparation. 

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