The RBI Grade-B (DR) DEPR exam is designed specifically for the Department of Economic & Policy Research and has a distinctive exam pattern that includes both Phase I and II stages. There are some recent updates in the exam pattern.

Phase I now consists of two papers, with Paper I being an objective examination with multiple-choice questions exclusively from economics, and Paper II being a descriptive and typed examination on English. Both papers have a maximum of 100 marks and are of a two-hour duration. It assesses the candidate’s English writing skills and is also descriptive in nature.

Shortlisted candidates will then appear for Phase II, which comprises two written examinations of Economics, both of which have a maximum of 100 marks and are of three-hour duration. Candidates are expected to demonstrate their knowledge of economics and their ability to undertake economic analysis and research, contribute to policy formation, and compile data related to select sectors.

In addition to the written exams, there is also an interview worth 75 marks. This is to assess the candidate’s communication skills, subject knowledge, and suitability for the job. The important dates for this exam are 16th July and 2nd September 2023.

EXAM PATTERN

The RBI Grade-B (DR) DEPR exam selection process includes an Online/Written Examination and an interview.

There are four papers in the examination, with Phase-I consisting of Paper-I (objective type based on economics) and Paper-II (descriptive type based on English).

Phase II comprises two descriptive-type papers based on economics, Paper-I, and Paper-II.

Candidates who secure the minimum prescribed aggregate marks in Phase-I (Paper-I and Paper II) will be shortlisted for Phase II.

Final selection will be based on the candidate’s performance in the Online/WE exams in Phase-I and Phase-II, and the interview taken together.

Candidates will undergo a Personality Assessment conducted by the RBI before appearing for the interview, but no marks will be allotted for the same.

As part of the selection process, a personal interview will be conducted.

The interview carries a weightage of 75 marks.

Candidates must secure minimum marks in Phase I to be considered for Phase II. Only after being shortlisted in Phase II will they be eligible for the personal interview.

Being shortlisted for the interview does not guarantee the job; candidates must obtain a high rank to be included in the RBI merit list.