exam entrance exam at around 100 different locations spread all across the country for selecting candidates for rbi young scholars award scheme by the reserve bank of india 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 may 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 refer for complete details eligibility all students across india who have completed 10 2 years of formal education or its equivalent from recognized institutionsboards in 2011 or before and are currently pursuing their undergraduate studies however those having enrolled for or having acquired degrees 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 again candidates should be of age 18 years or more but less than 23 years as on september 1 2011 the entrance exam will be conducted in english hindi and 11 other regional languages namely assamese bengali gujarati kannada malayalam marathi oriya punjabi tamil telugu and urdu 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 log on to wwwrbiorginyoungscholarsaspx for related information including the syllabus for the examination form apply online using the link there is no fee for application or examination after applying online the registered candidates should obtain a system generated printout of the registered information and preserve the same to enable generation of call letters online deadline december 16 2011 submission exam date january 29 2012