
Reserve Bank of India (RBI) Young Scholars Award Scheme
To encourage learning about the Reserve Bank of India (RBI) among the youth
of the country, the RBI conducts a major awareness and sensitization exercise on
the role of the Reserve Bank and the banking system across the country. This
exercise, the ‘RBI Young Scholars Award Scheme’, exposes youngsters to an actual
banking and financial environment and inculcates a sense of pride in the
selected ones of having had the opportunity to associate themselves with a
prestigious organisation, the central bank of the country.
1. Eligibility: (A) Educational Qualification: All students across
India who have completed 10 + 2 years of formal education or its equivalent from
recognized institutions/boards in 2009 or before and are currently pursuing
their undergraduate studies. However, those having enrolled for or having
acquired degree(s) higher than graduation will not be eligible. Candidates who
have qualified and worked at RBI as a Young Scholar in any of the previous years
are not eligible to apply.
(B) Age : Candidates should be of age 18 years or more but less than
23 years as on September 1, 2009.
2. Number of Seats: A maximum of 150 young scholars would be awarded
scholarship by the RBI every year under the scheme. Out of these, a maximum of
50 candidates will be selected through a test conducted in English medium. The
rest, up to a maximum number of 100 shall be selected on regional basis through
a test conducted in vernacular medium.
3. Entrance Examination: The entrance exam will be conducted in
English, Hindi and 11 other regional languages. The regional languages will be
Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil,
Telugu and Urdu. The exam will be held at around 100 different locations spread
all across the country. The List of Centres is given in this notification.
4. Examination Pattern and Syllabus : The examination will be of
objective type with multiple choices for answers. The paper will be of
approximately 90 minutes duration and will have questions related to role and
functioning of the RBI, the trend of banking industry in India and general
economic and financial environment of the country.
5. How to prepare for the Exam: Candidates willing to appear for the
exam may take help of the material available on RBI Website www.rbi.org.in/youngscholars
and www.rbi.org.in/commonman.aspx . The latest issue of RBI’s Annual Report and
the Report on Trends & Progress of Banking will form part of the syllabus.
6. Placements and Project Assignment: The selected All India
candidates and the Regional Candidates will be placed at the nearest Regional
Office designated for the purpose, depending on the size of the office. The
selected candidates will be required to work within the RBI on
projects/assignments allocated to them by the respective Regional Director of