RBI Grade B DEPR 2021 Phase I Exam Analysis/Review 6th March 2021


RBI Grade B DEPR Exam 2021

RBI Grade B exam is a test conducted by RBI(Reserve Bank of India) for recruitment of Officers in Grade ‘B’ (General) – DR, DEPR, and DSIM. It is very prestigious to work in the central bank of our country. The RBI Grade B DEPR Phase 1 exam was conducted on March 06, 2021. Out of 100 questions in the examination attempting 60+ questions will be considered as a good attempt.

DEPR is an acronym for the Department of Economic and Policy Research. RBI Grade B (DEPR) gives you an opportunity to work on the economic developments of the country as well as regulate and supervise financial markets and institutions. RBI as an organization encourages a work environment that is vibrant with intellectual discussions.

RBI Grade B (DEPR) is a lucrative option for candidates wishing to prove their mettle in the field of Economics and Research. RBI Grade B (DEPR) selection process consists of three stages. The first step consists of an Objective Type test on Economics. Only a handful of candidates are selected after this RBI Grade B (DEPR) Phase-I examination. Hence this step of the RBI Grade B (DEPR) selection process must not be neglected. The shortlisted candidates are called for descriptive tests on Economics and English in the RBI Grade B (DEPR) Phase-II exam. Final merit is based on the cumulative score of the RBI Grade B (DEPR) Phase I & Phase II exam along with the interview.

RBI Grade B (DEPR) Exam Pattern 2021

SubjectType of ExaminationMaximum MarksTime Allocated
EconomicsPaper-IObjective Type (100 questions)1002 hours
Paper-IIDescriptive Type1003 hours
EnglishPaper-IIDescriptive Type1001.5 hours

The RBI Grade B DEPR Phase 1 exam of 2021 consisted of the sections having difficulty level from Moderate to Difficult questions as per candidates’ reviews. The exam, all in all could be regarded as tough.

RBI Grade B DEPR Phase 1 2021- Exam Analysis for Economics

The paper had more numerical questions than the conceptual questions. The syllabus of Economics was asked in depth The areas mentioned by RBI in the DEPR Phase 1 syllabus were Choice based credit system, Microeconomic Theory, Mathematics for Economics, Introductory Econometrics, Macroeconomic Theory, Game Theory, Economic Development and Policy in India, Contract Theory, Social Choice Theory, International Trade Theory, Dynamic Macroeconomics, Computational Macroeconomics, International Macroeconomics, Monetary Theory and Policy, Macroeconomics of Development, Time Series Analysis, Applied Production/Consumption Analysis, Semi and Nonparametric Estimation, Environmental Econometrics, Economic Theory of the Firm, Topics in Industrial Organization, Economics of Health and Education, etc. Following was the pattern of questions asked in the exam:

  1. Microeconomics (23 questions): The questions ranged from the following categories.
  • Demand
  • Supply
  • Market and general equilibrium
  • Cournot
  • Duopoly
  • Competitive equilibrium
  • Production function
  • Cost analysis
  1. Macroeconomics (23 questions): The questions asked were from the given categories.
  • National Income Accounting
  • Deficits
  • IS-LM
  • Mundell Fleming
  • Multiplier and AD-AS
  • Phillips curve (change in shape from SR to LR)
  • Adaptive expectation
  • 1 question on infant industry
  • Few questions from open economy
  1. Statistics and Econometrics (16 questions): The questions asked were from the given categories.
  • Covariance
  • Correlation
  • Matrix formula of beta
  • Binomial and Poisson distribution numerical
  • Regression average

Previous Year Cut-Offs

Year General (UR)OBCSC ST

RBI Grade B DEPR Online Course 2021

ixamBee’s RBI Grade B (DEPR) online course provides an opportunity to prepare for the exam under expert guidance and also an atmosphere to experience an actual exam scenario.The plethora of questions, mock tests, video lessons, study notes and many more features in the RBI Grade B (DEPR) online course ensures proper understanding of the pattern with the pin point preparation.

Also read:

RBI’s Monetary Policy: February 2021

RBI: Financial Stability Report 2021

RBI Grade B 2021: How to Approach ESI Descriptive Paper?

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