RBI Grade B DEPR Exam Recruitment 2022, Syllabus, Salary, Job Profile

By Ajay | Updated on: May 28, 2022

RBI Grade B DEPR Highlights 2022

RBI Grade B DEPR

Department of Economics and Policy Research (DEPR) is one of the three posts announced by RBI every year. As the name suggests, this job requires you to undertake economic analysis and research as well as to contribute to policy formulation.

The need to make an Economic Department arose in 1959 due to an expansion in the Bank's activities. RBI Notification 2022 is out and we have RBI Grade B exam date 2022 with us. RBI Grade B DEPR Paper 1 2022 is expected to be held on July 02, 2022. RBI Grade B DEPR Paper 2 and Paper 3 is scheduled for August 06, 022 (tentative). The RBI Grade B DEPR application process started from March 28, 2022 and ended on April 18,2022. 

Reserve Bank of India's Economic Department was reorganized as the Department of Economic Analysis and Policy (DEAP) in January 1982 for a better focus on economic issues. A total of 31 vacancies are announced in 2022 for RBI Grade B DEPR post. The RBI Grade B DEPR exam comprises three papers. Let’s look at the highlights of this exam.

RBI released the admit cards for RBI Grade B DR (DEPR) 2022 on May 30, 2022. The call letters can be downloaded from May 30 - July 02, 2022. An Information Handout has also been released by RBI which can be referred to by the candidates for all exam-related instructions and guidelines.

RBI Grade B DEPR Highlights 2022

Conducting BodyReserve Bank of India
Official Website www.rbi.org.in
RBI Post Grade B Officer Department of Economic and Policy Research(DEPR)
Mode of Application Online
Stages of Exam
  • Paper 1 - Objective Examination
  • Paper 2 - Descriptive (Economics)
  • Paper 3 - Descriptive (English)
  • Interview
Total Marks
  • Paper 1 - 100 Marks
  • Paper 2 & Paper 3 - 100 Marks each
  • Interview – 75 Marks
RBI Grade B 2022 DEPR Online Registration of Applications and Payment of Fees / Intimation Charges March 28, 2022 to April 18, 2022 (till 6 p.m.)
Download RBI Grade B DEPR Phase 1 (Prelims) Admit Card 2022 May 30, 2022 to July 02, 2022 [Click Here]
RBI Grade B DEPR Phase 1 (Paper 1) Online Exam July 02, 2022
RBI Grade B DEPR Phase 2 (Paper 2 and 3) Online Exam August 06, 2022
RBI Grade B DEPR Interview To be notified
RBI Grade B DEPR No. of Vacancy 31 [More Details]
RBI Grade B DEPR 2022 Official Notification PDF [Click Here]
Download Information Handout for RBI Grade B DR (DEPR) 2022 PDF [Click Here]
Download Instructions for PwBD candidates using scribe PDF [Click Here]

RBI Grade B DEPR Exam Pattern 2022

You will be selected by RBI through a selection process consisting of online written examinations followed by an Interview. It is advised to go through the RBI Grade B DEPR 2022 official notification very carefully so that you don’t miss any piece of information. RBI Grade B DEPR exam is usually conducted in selected cities specified by RBI. The exam is held in three Phases as mentioned below.

  • Phase 1- Paper 1 - Online Written Examination- 100 Marks
  • Phase 2- Paper 2 and Paper 3 - Online Written Examination- 200 Marks (100 Marks each)
  • Phase 3- Personal Interview – 75 Marks

RBI Grade B DEPR Paper 1 Exam Pattern (Online Written Examination)

Paper 1 of the RBI Grade B DEPR exam pattern consists of multiple-choice questions related to Economics. A composite time of 120 minutes will be allotted to solve these questions. Be careful while choosing the answer options. You will be shortlisted for Paper 2 and Paper 3 on the basis of minimum marks decided by the bank.

RBI Grade B DEPR Paper 2 and Paper 3 exams are descriptive in nature. In Paper 2, questions related to Economics will be asked and you have to write them on paper. For RBI DEPR Paper 3, you have to type the answers through the keyboard. Below is the detailed exam pattern for the RBI Grade B DEPR exam 2022.

PaperExam TypeMaximum MarksDuration
Paper 1 Objective Type (on Economics) 100 2 hours
Paper 2 Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper) 100 3 hours
Paper 3 Descriptive English (to be typed with the help of keyboard) 100 1 hour 30 minutes
Total 300  

RBI Grade B DEPR Exam Pattern (Personal Interview)

If you are able to secure minimum marks in the RBI Grade B DEPR Exam (Paper 2 and Paper 3), you will be short-listed for the next phase i.e. RBI Grade B DEPR Interview. The RBI Grade B DEPR interview is  of 75 marks. You should score a considerably high rank in RBI Grade B DEPR (Written + Interview) to make your place in the final merit list of RBI.

RBI Grade B DEPR Syllabus

It is essential to be well versed with the detailed syllabus before starting your preparation for RBI Grade B DEPR 2022 Exam. It will help you to plan useful strategies and will give you an edge over your competitors. As per the official notification, the RBI Grade B DEPR syllabus would be the same as that of any Master's Degree student of Economics in India studies. You are required to refer to the RBI publications for the Annual Report, Report on Trend and Progress of Banking in India and Reports comprising Monetary Policy and the Financial Stability. You are also advised to refer to the Economic Survey published by the Government of India (GOI) over the past two years. The detailed RBI Grade B DEPR syllabus 2022 is mentioned in the table below.

SectionTopics
Micro Economics Theory of consumer demand, Theory of production, Theory of value, Theory of distribution, Welfare economics, Industrial economics
Macro Economics Concept of National income, Economic growth and dev, Inflation, Money, BoP, Dev. Economics, International economics, Public finance, Current affairs 
Econometrics + Statistics Probability, Statistical inferences, T-test, z-test, f-test, Time series, index numbers, Sampling, Correlation and regression
English (Writing Skills) The paper on English is designed in a manner to check the writing skills of the candidate including the power of expression and understanding of the topic.

SectionTopics
English (Writing Skills) The paper on English is designed in a manner to check the writing skills of the candidate including the power of expression and understanding of the topic.

RBI Grade B DEPR Eligibility Criteria 2022

You should satisfy the RBI Grade B DEPR eligibility criteria with respect to Education Qualification, Age limit and the number of attempts permissible in order to apply to the RBI DEPR 2022 exam. Please note that the number of attempts for the General category is Six whereas there is no such restriction for the candidates belonging to reserved categories. A candidate applying to the RBI Grade B DEPR exam should lie between the age group of 21 and 30 years.

RBI Grade B DEPR exam requires a specific educational qualification. For a DEPR post, you need to possess a Master’s Degree in Economics. Besides this, some desirable qualifications are also mentioned by RBI in the official notification. Please look at the table below for complete details related to this.

Name of the PostEducational Criteria (As on January 01, 2022)
Officers in Grade 'B' (DR) - DEPR
  • Essential
    • • A Master's Degree in Economics (or any other master's degree where "Economics" is the principal constituent* of the curriculum/syllabus, namely MA / MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics) OR
    • • A Master's Degree in Finance (or any other master's degree where "Finance" is the principal constituent* of the curriculum / syllabus, namely MA / MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance) OR
    • • PGDM / MBA with specialization# in Economics / Finance.
  • Desirable
    • • A Doctorate Degree in Economics, or research or teaching experience in economics, or publication in the field/area of Economics in standard journals.
Note: For SC, ST and PwBD candidates, the minimum marks required in Master's Degree 50% marks or an equivalent grade in aggregate of all semesters / years.
  • Note: Candidates having M.PhiI Degree and Doctorate Degree from a recognized Indian / Foreign University / Institute in economics will be eligible for relaxation in the upper age limit by 2 years and 4 years respectively.
  • Candidates having Master's Degree with research / teaching experience at a recognized Indian / Foreign University / Institute in economics will be eligible for relaxation in upper age limit to the extent of number of years of such experience subject to a maximum of three years. For experience, probationary period will not be reckoned.

Age limit, Age relaxation, and No. of Attempts are common for RBI Grade B Exam DR- General, DSIM, and DEPR.

Check here for the Age limit,  Age Relaxation and No. of Attempts for RBI Grade B Exam DR- General, DSIM, and DEPR 

RBI Grade B (DEPR) Job Profile

A DEPR Officer in RBI Grade B works in the following departments- Department of Economic and Policy Research (DEPR), Monetary Policy Department (MPD), International Department, and Strategic Research Unit (SRU). Besides this, a DEPR Officer can also get posted in departments like the Department of Statistics and Information Management, Internal Debt Management Department, Department of External Investments and Operations, Financial Markets Regulation Department, Financial Markets Operations Department, Department of Banking Regulation, Financial Stability Unit among others.

An RBI Grade B (DEPR) Officer's primary work is to study the Economic status of the country and to carry out research and analysis of the Indian Economy. A DEPR Officer spends her/his career in the RBI Central Office, Mumbai branch. S/he can be shifted to other state’s regional offices also, if required. The job profile of a DEPR Officer depends on the department he/she is placed in. In Regional offices, various surveys related to Pharmaceutical, Agriculture, Retail, Banking outreach, Medicine, and Wholesale data of food articles take place from time to time.

The data is then further sent to RBI’s Central Office for analysis and formulation. The data collected is useful for the Local Board meetings conducted by the Regional Director.

  • In the DEPR department, DEPR Officers have to work on macroeconomic analysis and research on Indian economy. They are also expected to research issues related to the economy. The Research usually relates to the real economy, fiscal, money and banking, and external economy. Apart from that, Financial markets research is also carried out by the DEPR officers.
  • In the international department, research related to India’s economic relations with agencies like IMF, and others take place.
  • In the Strategic Research Unit or SRU, core economic issues such as unemployment, poverty, or any other important issue that needs to be researched are carried out.

RBI Grade B DEPR Books and Reference Material

You must have your study material handy with you so that you are not confused about the books to go for. By doing this, you will not waste your precious time reading books that are not relevant for the RBI Grade B DEPR exam. For ESI, you can refer to the 12th NCERT Standards Macroeconomics and cover the rest of the syllabus from a book called Indian Economy by Ramesh Singh. The last 5 months of Yojana Magazine are a must. You can get it online or in any book store nearby. Don’t forget to read the newspaper on a daily basis. Newspapers like Economic Times/ Mint will be very useful in your preparation journey.

Some important RBI Grade B DEPR study materials are mentioned below for your assistance which can be useful for the RBI Grade B DEPR 2022 exam.

SubjectSub AreasBooks

Macro-economics

 

 

Macro and Money Banking

Macroeconomics: Theories and Policies, by Froyen

Macroeconomics concepts

Macroeconomics – HL Ahuja

Growth and development

Economics of Development by A. P. Thirlwall

Economics of Development and Planning by M L Jhingan

International Economics

International Economics: Trade and Finance, by Dominick Salvatore

Public Finance

Public Finance in Theory and Practice | 5th Edition by Richard Musgrave and Peggy Musgrave

Indian Economy

Uma Kapila

Ramesh Singh

Micro-economics

Micro economics

Advanced Economic Theory; Microeconomic Book by Ahuja H.L.

Econometrics and Statistics

Econometrics

Gujarati

Statistics

S. C Gupta

Other Important documents Economic Survey – 2021 + 2022 (when released)
Budget – latest + other government announcements
RBI’s Financial Stability Report
RBI’s Monetary Policy

RBI Grade B DEPR Mock Tests 2022

ixamBee provides RBI Grade B DEPR online test series that will assist you in your preparation journey and will help you in testing your knowledge. You can test as well as analyze your preparation level through these mock tests. All RBI DEPR practice tests are curated keeping the latest exam level and question pattern in mind. You should practice these mocks to get familiar with the real exam-like environment and pressure one feels in the examination hall. You can attempt these mocks by enrolling in our Course.

RBI Grade B DEPR Career Growth

RBI Grade B (DEPR) Officer’s growth in Reserve Bank of India depends on one’s performance. After five years and more with RBI, you will be promoted to Assistant General Manager. You will also be eligible to apply for the Grade C, Grade D, Grade E officer exam, and so on. RBI offers enough chances to the employees who seek top opportunities and high responsibilities with the organization. RBI Officers also get a chance for further education across the world. Further education is borne partially-fully by the Reserve Bank of India. Further, there are chances for RBI Officers to be working with organizations like IMF, World Bank, Bank of International Settlements (BIS), Switzerland, and more.

RBI Grade B DEPR Online Course 2022

To assist you with the preparation, ixamBee offers a comprehensive Online Course for the RBI Grade B DEPR exam. This course is curated and well-crafted with all that is needed to ace the RBI Grade B DEPR exam. This RBI Grade B DEPR 2022 Online Course is designed by our experts who themselves have cleared the DEPR exam. The Course consists of Video Lessons and Study notes designed by expert faculty, Mock tests, and Interview Guidance. Some salient features of the RBI Grade B DEPR Online Course 2022 are provided below.

  • Video Lessons & Study Notes: Video lessons and study notes which cover the basic level of Economics.
  • Mock Tests: Get 6 Full-length Practice tests for Phase 1 and 10 full-length Practice Tests (5 Tests for Descriptive Economics and 5 MTs for English Descriptive Writing) for the Phase 2 exam.
  • Descriptive Economics: As per the exam pattern, this paper is handwritten. Our mock tests have been created to give you a real exam feel and make you accustomed to writing the paper. These Descriptive DEPR practice tests will be evaluated by the faculty and detailed feedback will be provided to you.
  • Descriptive English: This can be a real game-changer. RBI Grade B DEPR Online Course will give you access to video lessons and study notes on writing skills, sample essays, suggested topics and 5 Descriptive English Mock Tests with individual Performance Feedback.
  • Online Live Classes: Live classes with experts who have cleared RBI Grade B, Bank PO, SIDBI, and other competitive exams.
  • Interview Guidance: Our experts will provide interview guidance in the form of Mock Interviews and personal feedback on your performance.
  • Study plan: To guide you on how to go forward in your preparation.

RBI Grade B DEPR Useful Videos

In order to ensure a seat as an RBI Grade B DEPR Officer, it is essential to grab every piece of information regarding the exam. Our Experts have provided Study notes and Videos to help in your preparation. These videos might assist you in the RBI Grade B DEPR exam preparation. Some videos regarding RBI Grade B DEPR Exam are provided below.

 

RBI Grade B DEPR Preparation Strategy 

RBI Grade B DEPR 2022 is a great opportunity for candidates aspiring to work in the Reserve Bank of India. The key to success lies in the effective RBI Grade B DEPR preparation strategy one makes before starting to prepare for the exam. Therefore, you need to focus on what will work for you best. As the vacancies are less you cannot take any risk in your preparation journey.

Follow these basic steps to prepare for RBI Grade B DEPR Exam

  • Devise a study plan that suits your lifestyle - (1) If you are working Professional (2) If you are a Student or preparing from home. Assign study hours accordingly.
  • Write down your syllabus and arrange all the reference material you are going to need in the preparation. This will save you time.
  • Include short breaks for yourself in between.
  • Practice RBI Grade B (DEPR) mock tests as much as possible. This will improve your speed as your speed helps you in scoring well in the exam.
  • Don’t forget to visit the RBI Official website for Trends of Banking, Annual Report, RBI Bulletin, and more.

RBI Grade B DEPR Previous Year Cut Off

RBI Grade B Officer is one of the most awaited jobs among all the government job aspirants which makes it even tougher to compete for. Therefore, it becomes mandatory for you to try as hard as you can to nail this examination. Preparation should always be preceded by gathering all required information, which also includes knowing the RBI Grade B previous year cut-off that gives an idea of the level of the examination.

RBI Grade B DEPR Cut-Off 2021 Phase 1

Given below is the detailed insight into RBI Grade B Phase 1 category wise and section wise cut off.

SectionCategory-Wise Cut Off
GeneralOBCSCSTEWSPwBD
AGGREGATE CUT – OFF MARKS IN PAPER- I (OBJECTIVE TYPE TEST on Economics) OF WRITTEN EXAMINATION FOR CANDIDATES WHOSE PAPER II (DESCRIPTIVE TYPE TEST) WERE ASSESSED (OUT OF TOTAL 100 MARKS) 47.83 42.83 40.83 40.83 47.83 40.83 (LD) 47.83 (HI, VI, MD)-AS NO VACANCY RESERVED

RBI Grade B DEPR Phase 2 Cut off 2021

SectionCategory-Wise Cut Off
GeneralOBCSCSTEWSPwBD
AGGREGATE CUT OFF MARKS IN PAPER I, PAPER II AND PAPER III TAKEN TOGETHER IN WRITTEN EXAMINATION FOR SHORTLISTING THE CANDIDATES FOR INTERVIEW (OUT OF TOTAL 300 MARKS) 183.17 172.83 162.17 162.17 183.17 162.17 (No candidates shortlisted for interview phase)

RBI Grade B DEPR Final Cut off 2021

SectionCategory-Wise Cut Off
GeneralOBCSCSTEWSPwBD
AGGREGATE CUT OFF MARKS IN IN WRITTEN EXAMINATION (PAPER- I, II AND III) AND INTERVIEW TAKEN TOGETHER (OUT OF TOTAL 375 MARKS) OBTAINED BY THE LAST RECOMMENDED CANDIDATE WITH REFERENCE TO THE NO. OF VACANCIES NOTIFIED IN THE ADVERTISEMENT. 249.83 220.83 186.34 No candidate shortlisted for interview phase 208.01 No candidate shortlisted for interview phase

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FAQs

No, a candidate must have completed his/her graduation. If he/she is in the final year of graduation then they cannot apply.
No, under the ambit of NPS currently there is no pension scheme for RBI employees.
Yes, but only after completing the initial 5 years of posting.
Candidates belonging to the general category can attempt the examination only 6 times. Whereas, there is no restriction to the SC/ST/OBC/PWD categories.
The minimum age limit for the candidates is 21 years & the maximum age should not be more than 30 years.
For Paper 1 (ESI) and Paper 3 (FM) Descriptive Type Paper, the word limit prescribed is - 600 words for 15 marks questions, 400 words for 10 marks questions.
Yes, the number of vacancies and the cut-offs make this exam tough. No, if you follow a disciplined approach towards RBI DEPR preparation and follow our YouTube videos and keep attempting and analyzing mock tests.
DEPR exam comprises three Papers. RBI DEPR Grade B Paper 1 is objective type, and Paper 2 and Paper 3 are written exams. The three papers will be of 100 marks respectively. Interview will be final round.
The DEPR exam comprises three papers with no sections. Hence there is no sectional timings.
You can attempt the mock tests for RBI DEPR  exam first and know your strengths and weaknesses so that you know where you are supposed to put in your efforts.
Yes, 1/4th of marks will be deducted for wrong answers marked for that question.
Yes, RBI Grade B (DEPR) exam is bilingual in nature. You can choose your preferred language either Hindi or English.
Yes. RBI Grade B (DEPR) Exam has a cut-off system. You have to secure minimum marks decided by the bank.
RBI Grade B (DEPR) 2022 Exam will be in Online mode.
The minimum age limit to apply for RBI Grade B (DEPR) is 21 years & the maximum age is 30 years.
Unlike RBI Grade B Dr-General where Phase 1 is qualifying in nature, the final merit list of RBI Grade B (DEPR) will be drawn from all these three phases.

Important link