How to set radio button selected value using jquery

Try

function RadionButtonSelectedValueSet(name, SelectdValue) {
    $('input[name="' + name+ '"][value="' + SelectdValue + '"]').prop('checked', true);
}

also call the method on dom ready

<script type="text/javascript">
jQuery(function(){
    RadionButtonSelectedValueSet('RBLExperienceApplicable', '1');
})
</script>