The RBI Grade B exam consists of three phases – Phase 1, Phase 2, and Interview. Phase 1 is an online objective test consisting of 200 multiple choice questions from subjects such as General Awareness, English Language, Quantitative Aptitude, and Reasoning. Phase 2 is also an online test and consists of three papers – Economic and Social Issues, English Language, and Finance and Management. The Interview is the final stage of the selection process.