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Exam Highlights
  • Exam Name
    BOI Recruitment
  • Mode of Conduction
    online
  • Exam Duration
    150 minutes
  • Exam Frequency
    Once a year
  • Official Website
    bankofindia.co.in
  • Total Marks
    175
  • Medium of the exam
    Hindi and English
  • Marking Scheme
    -0.25 for incorrect answer
Exam Dates
  • Official Notification
    to be announced
  • Start of Registration Process
    to be announced
Eligibilty Criteria

Age limit and Relaxation

Candidates need to be between the ages of 20 - 40 years to apply for the posts. The age limit varies from one post to another. The mentioned age should be met on September 01, 2021. The age relaxation specified on the official notification is as follows:

Category Age Relaxation
Scheduled Caste/Scheduled Tribe 5 years
Other Backward Classes (Non-creamy layer) 3 years
Persons With Benchmark Disabilities 10 years
Ex-Servicemen 5 years
Persons affected by 1984 riots 5 years

Educational Qualification

The educational qualification required for various posts is subject to vary. In the below paragraph, a summary of a required educational degree or qualification is provided.

Designation Educational Qualification
Fire Engineer BE in Fire Engineering from National Fire Service College/ B.Tech.in Fire Technology and Safety Management from a recognized college
Security officer Graduation from Recognized university-3 months certification course in computer or Information Technology as related subject or paper during graduation is a must.
Economist (SMGS-IV) PhD or PG Degree in Economics/ Econometrics
Economist (MMGS-II) PhD Degree in Economics/Econometrics
Statistician (MMGS-II) Full-time PG Degree in Statistics/Applied Statistics
Risk Manager (SMGS-IV) Certification in Financial Risk Management from Global Associate of Risk (GARP) or CFA/PRIMA pr CA/ICWA or Master in Finance
Risk Manager (MMGS-III) Certification in Financial Risk Management from Global Associate of Risk (GARP) or CFA/PRIMA pr CA/ICWA
Credit Analyst (SMGS-IV) MBA in Finance/PGDM in Finance/CA/ICWA
Credit Officers (JMGS-I) Degree (Graduation) in any discipline along with MBA/PGDM/PGDM/PGBM/PGDBA or CA/ICWA/CS
IT (Fintech) (SMGS-IV) Bachelor Degree in Engineering in one of the streams or Bachelor Degree in Engineering with Master/PG Diploma in the relevant discipline
IT (Fintech) (MMGS-III) BE/B.Tech in Computer Science/Information Technology/Electronics/Electrical & Electronics & Communication or any Graduate with ‘B’ Level
IT (Fintech) (MMGS-II) BE/B.Tech in Computer Science/Information Technology/Electronics/Electrical & Electronics/Electronics & Communication or Any Graduate with ‘B’ Level
IT (Data Scientist) (SMGS-IV) BE/B.Tech in Computer Science/Information Technology/Electronics/Electrical & Electronics/Electronics & Communication or Any Graduate with ‘B’ Level
IT (Data Analyst) (MMGS-III) Ph.D or Master Degree in Statistics, Computer Science or engineering
IT (Data Analyst) (MMGS-II) BE/B.Tech in Computer Science/Information Technology/Electronics/Electrical & Electronics/Electronics & Communication or MCA/MBA (Business Analytics)/PG (Statistics)
IT (Info. Security) (SMGS-IV) BE/B.Tech in Computer Science/Information Technology/Electronics/Electrical & Electronics/Electronics & Communication or MCA/MBA (Business Analytics)/PG (Statistics)
IT (Info Security) (MMGS-III) PhD or Master Degree in Statistics, Computer Science or engineering
IT (Data Analyst) (MMGS-II) BE/B.Tech in Computer Science/Information Technology/Electronics/Electrical & Electronics/Electronics & Communication or MCA/MBA (Business Analytics)/PG (Statistics)
IT (Info. Security) (SMGS-IV) BE/B.Tech in Computer Science/Information Technology /Electronics/Electrical & Electronics/Electronics & Communication or MCA/MBA (Business Analytics)/PG (Statistics)
IT (Info Security) (MMGS-III) Graduate or PG in Formation Technology/ Computer Science/ Computer Application/Electronics and Communication/Electronics
IT (Info Security) (MMGS-II) Graduate or PG in Formation Technology/ Computer Science/ Computer Application/Electronics and Communication/Electronics
Tech Appraisal (MMGS-II) Graduate or PG in Formation Technology/Computer Science/ Computer Application/Electronics and Communication/Electronics
Exam Pattern

Bank of India Recruitment- Exam Pattern

  • The test will be conducted in online mode,
  • All the questions will be Objective in nature.
  • There will be three sections for the BOI Officers Test of a duration of 150 minutes.
  • There will be a penalty of 0.25 marks assigned to those questions for every wrong answer marked in the Objective Tests.
  • The test will be conducted bilingually, i.e. English and Hindi except, English Language which will be available in English only.
  • The test of English Language will be of qualifying nature i.e. Marks obtained in the English Language will not be added while preparing the merit List.
Subjects Total Mark Duration
English Language 50 150 minutes
Professional Knowledge 75
General Awareness with special reference to Banking Industry 50
Total 175 2 Hour 30 Minutes
Syllabus

The grade IV officers are Credit officer, Economist, Risk manager, IT, Tech appraisal, Statistician, etc. For these reputed posts, candidates need to have a good understanding of English Language, Business Law, Accounting, General Knowledge, etc. The table below shows the syllabus of BOI 2022 subject-wise.

Subjects

Topics

English Language
  • Articles
  • Adverbs
  • Verb Agreement
  • Idioms and Phrases
  • Tenses
  • Error Corrections
  • Vocabulary
  • Comprehensions
  • Grammar
  • Sentence Arrangements
  • Fill in the blanks
  • Synonyms
  • Unseen Passages
  • Error Correction
General Knowledge
  • Budget facts and Five-year plans
  • Economy, Banking, and Finance
  • History
  • Countries and Capitals
  • Culture
  • Geography
  • knowledge about India and its Neighborhood
  • Economy
  • Scientific research
  • Important Financial and Economic news
  • General politics
  • Sports
  • Countries and Capitals
  • Science and innovations
  • Current Affairs
Accounting
  • Marginal Costing
  • Social Accounting
  • Absolute Costing
  • Cost Volume Profit Analysis
  • Activity-based Costing
  • Inventory valuation
  • Cost Sheet and work Capital
  • Target Costing
  • Transfer pricing
  • Overview of Cost Accounting
  • Forecasting
Basic Accounting
  • Principles and concepts of Accounting
  • How the RBI, IRDA, and SEBI work – Functioning
Corporate Accounting
  • Insurance of shares
  • Divisible Profits and Bonus Issues
  • Dividend Distribution
  • Final Accounts
  • Underwriting
  • Valuation of Goodwill and shares
  • Redemption of preference shares
  • Issues, Forfeiture, and Reissues of shares
  • Accounting for Amalgamation companies
  • Guidelines of Sebi
  • Issues and Redemption of Debentures
  • Acquisition of Business and profits before Incorporation
Management Accounting
  • Ratio Analysis
  • Cash Flow Statement
  • Budgeting and Budgetary Control
  • Process Costing
  • Sources of Finance
  • Capital Structure
  • Analysis
  • Standard Costing and various Analysis
  • Capital Budgeting
  • Marginal Cost and Cost Volume Profit
  • Capital Structure
  • Cost of capital
  • Funds flow statement
  • Sources of Finance
  • Job and Batch Costing
  • The material, Labor cost, and Overhead cost
  • Financial Statement Analysis
  • Sources of finance
  • Process Costing
  • Contract Costing
  • Budgeting and Budgetary Control
Business Law
  • Provident Fund
  • Industrial Dispute Act
  • Labor Law
  • factories Act
  • Negotiable Instruments
  • Gratuity Act
  • Company Law
  • Partnership act
  • Contract act
Economics
  • Micro and Macro Economics concepts
  • Updates related to money market and RBI Policies
  • Money Market
  • Capital Market

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