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BOI Officer Exam Preparation Strategy – Section-wise Steps

Bank of India(BOI) has released the notification for the recruitment of officers for various scales up to Grade-IV. There is a summation of 214 vacancies further divided under 17 categories. These categories include credit officers, risk managers, data analysts, and economists, etc. The application process will begin on 16th September 2020. We will discuss the complete BOI Officer Preparation strategy to crack the exam.

BOI Officer preparation strategy

Here is a glimpse of the exam pattern as per the BOI officer exam notification before we move further towards the BOI Officer Preparation strategy:

S.No.           Subject   Maximum marks
    1.English language         50
    2.Professional knowledge         75
    3.General awareness (special reference to industry)         50

 

A composite time of 150 minutes will be provided to the candidate. There is no sectional timing and the mode of conduct will be bilingual i.e. both in Hindi and English. English language test is of qualifying nature i.e. marks obtained will not be considered for the merit list.

BOI Officer Preparation strategy -: Blueprint

Understanding the topics to be covered thoroughly is the most important bow in your quiver while you are preparing for the BOI Officer Exam. 

Given below is a list of topics per subject:

     1] English:

  • Articles
  • Fill in the blanks
  • Adverbs
  • Grammar
  • Verb Agreement
  • Comprehensions
  • Idioms and Phrases
  • Vocabulary
  • Tenses
  • Error Correction
  • Synonyms
  • Unseen Passages

     2] General Awareness:

  • Budget facts and five-year plans 
  • Economy, Banking and Finance
  • History and culture
  • Economy
  • Capital & Money Market Instrument
  • General politics
  • Regulatory bodies in India- NABARD, SEBI
  • International banking
  • Geography
  • Latest notifications of RBI and SEBI
  • Financial and banking terms
  • Countries and Capitals
  • Knowledge about India and its neighborhood
  • RBI Monetary policies
  • Science and innovations
  • International reports and indices
  • Priority sector lending
  • List of Obituaries 
  • List of cabinet ministers with departments
  • Merger and acquisitions
  • Important committees
  • Indian financial system
  • Banking reforms
  • Mutual Funds and Basel norms
 

  • Financial market instruments
  • Foreign investment and trade
  • Awards and Honours
  • Growth numbers by various organization
  • Latest mergers and MOUs of banks and financial institutions
 

  • Heads of various financial organizations
  • List of Summits and Conferences
  • Regulatory organizations:   SEBI/NABARD/RBI
  • Joint Military Exercises of India
  • India’s Rankings in Different Indices
  • List of Important Days With Themes
  • List of MoUs signed by India

     3] Professional knowledge (Credit officer):

  • Working Capital Management
  • Time value of money
  • Capital budgeting
  • Ratio analysis
  • The present and future value of a series of cash flows
  • Discounted Payback Period
  • Liquidity ratio
  • The present and future value of a single cash flow
  • Payback Period
  • Internal Rate of Return (IRR)
  • Average Accounting Rate of Return (ARR)
  • Net Present Value
  • Profitability Index (PI)
  • Investment Decision Criteria
  • Risk Management
  • RBI and the Foreign Exchange Market
  • Latest notifications from RBI
  • Concept of Risk
  • Risk Management Process
  • Identification of Risks
  • Measurement of Risk
  • Types of risks and derivatives
  • Short-term Financing
  • Working Capital Concepts
  • Aggressive and Conservative Approach
  • Sources of Short-Term Financing
  • Long-Term Financing
  • Considerations of Issuers and Investors
  • Sources of Long-term Finance
  • Money Market
  • Merits and Demerits of Retained Earnings
  • Equity Capital
  • Preference Capital
  • Debenture Capital
  • Term Loans
  • Coupon Bearing Instruments
  • Discount Instruments
  • Capital Markets
  • Process, types of securities, and parties involved
  • Types of bonds
  • Bond valuations
  • Debt and Equity
  • Portfolio Management
  • Capital Allocation
  • Yield Curve Analysis
  • Yield to Maturity concept
  • Types of Interest Rates and their Computation
  • Concept of Duration and Modified Duration
  • Relationship between duration, yield, coupon, and maturity
  • Convexity
  • Interest Rate Options
  • Impact of the price change on convexity
  • Over-the-Counter Options, Calls and Puts on LIBOR Caps, Floors, and Collars
  • Interest Rate Swaps
  • Price Quoting Conventions
  • Pricing & Valuing Interest Rate Swaps
  • Swaption    


The syllabus given for professional knowledge is for the post of credit officers as per our research. Any further information will be updated as and after the official notice from authorities.

BOI Officer Preparation strategy: Study Plan

Let’s focus on each subject with the tips from our experts specifically for the officer scale:

  1] English language:

With the increase in aspirants to secure a career in the banking sector, the competition is getting tougher and tougher. Therefore, to achieve your dream position it has become a necessity to thrive to be a master in all the sections. Though the English language section is of qualifying nature, it can be a booster in the morale of the candidate leading towards their selection.

It covers three main sections including Grammar, Vocabulary, and Reading Comprehension:

      i) Grammar:

It is the most technical part of the language. However, for getting a grip on it,  start with the basics, and concentrate on understanding the concept.

For improvement, try daily mocks as well as topic tests: https://www.ibpsguide.com/english/english-grammar/

      ii) Vocabulary:

Though it is a source of jitters for most of the candidates. But learning the words and their usage on a daily basis in chunks can lead to a good score. Every time you come across a new word through movies, books, or articles, make a habit of noting it down in your notebook. In this notebook along with the words penned down the antonyms and synonyms as well.

Get help from the ibps guide daily uploaded Hindu vocabulary

      iii) Reading comprehension:

It covers most parts of the exam accounting for 10-20 questions. The key to solving a reading comprehension in minimum time is to read the paragraph at a glance and make bullet points. This will provide a better perspective to attempt the given questions.

Get English Practice Questions here

  2] General Awareness: 

Study General Awareness with a unique spotlight on banking. Focus on the terminologies, concepts, and latest notifications of banking. To understand the concepts and test your knowledge refer to:

3] Professional knowledge:

Comprehend the idea of Financial administration. Get languages and broadly utilized terms in Financial administration that will be utilized habitually. Plan subjects like money related administration, financing, capitalization, working capital, working capital administration, and monetary framework.

Tools for BOI officer preparation strategy:

    English

  1] Online Mock Tests & Online courses

  2] Basic rules of Grammar from the book Wren & Martin.

  3] Read The Hindu newspaper on a daily basis

  4] English Grammar (Wren and Martin)

   General awareness 

 1] Banking Awareness by Arihant Publication

 2] Static General Knowledge by Arihant Publication

 3] General Knowledge by Lucent

 4] Banking Awareness handbook of banking information by N.S. Toor

    Professional Knowledge

 1] Financial Management by IM Pandey

 2] Indian Financial System by Bharti Pathak

 3] Principles of Management by LN Prasad

 4] Organisational Behaviour by SP Robins

  Preparation Tips:

The difficulty level of the BOI officer scale recruitment exam is comparable to a PO (Probationary officer) level i.e. moderate to difficult.
To achieve success in its following tips should be kept in mind:  Practice makes the preparation perfect. So practice a lot of questions. Along with practice, analyze your performance with mock tests. Practice mock tests regularly. Touch all the topics for clarity and understand the basics thoroughly. Visit Guidely Website for mocks, content, and lectures.

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