RBI Grade B DEPR Exam 2021
RBI Grade B DEPR Highlights 2021
RBI or Reserve Bank of India had recently released an official notification to recruit Grade B officers under various posts. Department of Economics and Policy Research (DEPR)-2021 is one such post for which the recruitment is taking place. 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.
Reserve Bank of India's Economic Department was reorganized as the Department of Economic Analysis and Policy (DEAP) in January 1982 for better focus on economic issues. A total of 29 vacancies are announced for this post. The exam comprises three papers and Paper 1 is scheduled for March 06, 2021. Shortlisted candidates need to appear for Paper 2 and Paper 3 on March 31, 2021. Let’s look at the highlights of this exam.
RBI Grade B DEPR Highlights 2021
|Conducting Body||Reserve Bank of India|
|IBPS Posts||Grade B Officer Department of Economic and Policy Research(DEPR)|
|Mode of Application||Online|
|Stages of Exam||
|Opening Date for Submission of Online
|January 28, 2021|
|Closing Date for Submission of Online
|February 15, 2021|
|DEPR Paper I Examination||March 06, 2021|
|DEPR Paper II and III Examination||March 31, 2021|
|No. of Vacancy||29|
|Short Listed Candidates for Interview (DEPR)||Click Here|
RBI Grade B DEPR Exam Pattern 2021
You will be selected by RBI through a selection process consisting of an online written examination followed by the Interview. It is advised to go through the official notification very carefully so that you don’t miss on 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 Exam Pattern (Online Written Examination)
RBI Grade B DEPR exam 2021 Phase 1 or Paper 1 is going to be held on March 06, 2021. Paper 1 of RBI Grade B Exam Pattern will consist 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 Exam Paper 2 and Paper 3 exam is scheduled for March 31, 2021. Paper 2 and Paper 3 will be descriptive in nature. In Paper 2, questions related to Economics will be asked and you have to write it on a paper. Paper 3 will be similar in nature. In this, you have to type the answers through the keyboard. Below is the detailed exam pattern for RBI Grade B DEPR Exam 2021.
|Name of Paper||Maximum Marks||Duration|
|Paper-I Objective Type (on Economics)||100||120 minutes|
|Paper-II Descriptive Type (on Economics) (Question paper displayed on computer, answers to be written on paper)||100||180 minutes|
|Paper-III English-Descriptive (to be typed with the help of keyboard)||100||90 minutes|
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 Interview of RBI Grade B DEPR 2021 will be 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 Exam. It will help you to plan useful strategies and will give you an edge over your competitors. As per the official notification, 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. Detailed syllabus for RBI Grade B DEPR 2021 is mentioned in the table below.
|Economic||Growth and Development: Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues.
Indian Economy: Economic History of India - Changes in Industrial and Labour Policy, Monetary and Fiscal Policy since reforms of 1991 – Priorities and recommendations of Economic Survey and Union Budget – Indian Money and Financial Markets: Linkages with the economy – Role of Indian banks and Reserve Bank in the development process - Public Finance - Political Economy - Industrial Developments in India- Indian Agriculture - Services sector in India.
Globalization: Opening up of the Indian Economy – Balance of Payments, Export-Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Cooperation; International Economic Issues.
Social Structure in India: Multiculturalism – Demographic Trends – Urbanisation and Migration – Gender Issues – Social Justice: Positive Discrimination in favour of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.
RBI Grade B DEPR Eligibility Criteria 2021
In order to apply to the RBI Grade B DEPR exam, you should ensure your eligibility with respect to Education Qualification, Age limit and No. of attempts permissible. Please note that Number of attempts for the General category are Six whereas there is no such restriction for the candidates belonging to reserved categories. A candidate applying to 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 Post||Educational Criteria||Desirable|
|Officers in Grade 'B' (DR) - DEPR||A Master's Degree in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute. OR PGDM/ MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute. OR Master’s Degree in Economics in any of the sub-categories of economics i.e. agricultural/ business/ developmental/ applied, etc., with a minimum of 55% marks or an equivalent grade in aggregate of all semesters /years from a recognised Indian or Foreign University /Institute. Candidates having Master's Degree with Research/Teaching experience at a recognized Indian/Foreign University/ Institute 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 every post.
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). Beside this, a DPER 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 work or job profile of 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 data 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 real economy, fiscal, money and banking, and external economy. Apart from that, Financial markets research is also carried out by 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 is 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 books are mentioned below for your assistance which can be useful for RBI Grade B DEPR exam.
|Economic and Social Issues||Indian Economy||Uma Kapila or Mishra Puri|
|Indian Economy||Ramesh Singh|
|Growth and Development||Devraj Ray|
|Sociology||C.N. Shankar Rao|
|Public Finance||K K Andley and Sundaram|
RBI Grade B DEPR Mock Tests 2021
ixamBee provides an Online test series for the RBI Grade B DEPR exam 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 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 to 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 2021
To assist you with the preparation, ixamBee is launching a comprehensive Online Course for 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 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 faculties, Mock tests, and Interview Guidance. Some features of the RBI Grade B DEPR Online Course are provided below.
- Video Lessons & Study Notes: Video lessons and study notes which cover the basic level of Economics.
- Mock Tests: To help you practice full-length practice tests just like the real exam.
- 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) 2021 is a great opportunity for candidates aspiring to work in the Reserve Bank of India. The key to success lies in the effective 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 Exam 2021 Related Quick Links
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Frequently Asked Questions
Q1:Can those students who are appearing in Final year of Graduation apply for any post in RBI Grade B?
A:No, a candidate must have completed his/her graduation. If he/she is in the final year of graduation then they cannot apply.
Q2:Is there any NEGATIVE MARKING in RBI Grade B Exam?
A:Yes, negative marking for wrong answers in CBTs is 1/4th of the marks for that question.
Q3:In RBI Grade B Exam, Can I choose Hindi language as the exam language?
A:Yes, RBI Grade B Exam is bilingual (i.e, Hindi & English) exam. You can choose your preferred language either Hindi or English.
Q4:Do RBI Grade B Officers get a pension?
A:No, under the ambit of NPS currently there is no pension scheme for RBI employees.
Q5:RBI Grade B 2021 Exam is in ONLINE OR OFFLINE mode?
A:RBI Grade B 2021 Exam will be in online mode.
Q6:Is there SECTIONAL CUT-OFF in RBI GRADE B Exam?
A:Yes. RBI Grade B Exam has sectional and overall cut-off .
Q7:Is RBI Grade B Officer job transferable?
A:Yes, but only after completing the initial 5 years of posting.
Q8:How many attempts are there in RBI Grade B?
A: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.
Q9:What is the age limit for the RBI Grade B posts?
A:The minimum age limit for the candidates is 21 years & the maximum age should not be more than 30 years.
Q10:Will there be any interview after the written result ?
A:Yes. There will be a final phase of Interview after RBI Grade B Phase I & Phase II.
Q11:Is it possible to crack this exam in first attempt ?
A:To crack any exam, one needs a complete preparation strategy,along with the complete exam information. If you are dedicated towards your goal, you would surely be able to crack the exam in first attempt.
Q12:Is the exam Bilingual ?
A:Yes. The exam is bilingual. You can attempt all the sections in English or Hindi except the test of English Language.
Q13:What would be the word limit for ESI and FM Descriptive paper?
A: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.