RBI Grade-B DEPR : Opportunity to Reshape the Indian Economy

• Every year the Reserve Bank of India conducts RBI Grade-B DEPR examination. 
• The examination is conducted to  select candidates for research & analysis for the Indian Economy. 

Are you, an economics student, wanting to uplift the Indian Economy? Then RBI Grade-B DEPR could provide you a platform to turn your dreams into reality. Every year the Reserve Bank of India conducts the RBI Grade-B exam for Department of Economic & Policy Research (DEPR) to skim candidates exclusively for positions at DEPR. Do you think you have what it takes to clear the examination? 

The Department of Economic Policy & Research is the division responsible for undertaking macroeconomic research and analysis of the Indian economy. Considering the importance & potential impact an officer can cause to the economy, a candidate is required to be well versed with subject knowledge & its application. 

Understanding the Nuances of RBI Grade-B DEPR

The Reserve Bank of India Grade B DEPR examination is conducted once a year in three distinct phases. Phase-I includes two papers where Paper-I where candidates have to answer objectives centred around Economics, while Paper-II covers descriptive English. After successful completion of Phase-I, candidates are shortlisted for Phase-II. 

Phase-II also consists of two papers testing knowledge of economics, aspiring candidates are advised to comprehend instructions. Hereafter, the selected candidates are allowed to appear for the thrift and final Phase-III, the Personality Test/ Interview. The panel will judge the candidates based on their personality, aptitude, attitude and other required attributes. 

Here are some major highlights of the Reserve Bank of India Grade B, DEPR examination as follows. 

RBI Grade-B DEPR Syllabus & Examination Pattern

Aspiring candidates wishing to clear the examination are prescribed to understand the examination pattern well before appearing. The major points listed in the syllabus are as follows. 

• Standard Papers on Economics similar to that of Master’s Degree examination in the Economics prescribed for/by any Central University of India. 
• For English language, aspiring candidates must practise precise essay writing, comprehension and optimal usability of the language in Businesses & Offices. 
• Candidates are also required to refer to the following study material.
  • RBI Publications.
    • Annual Report.
    • Timely released reports on Trends & Progress of Banking in India.
  • Reports Published on
    • Monetary Policy.
    • Financial Stability Report.
  • Economic Surveys published by the Government of India in the last two years. 
• Detailed study of the syllabus prescribed by the authorities. 

Eligibility Criteria for RBI Grade-B DEPR

Similar to every other government examination, aspiring candidates for RBI Grade-B DEPR are required to fulfil the following eligibility criteria. 

• Age limit for the candidate must be between 21-30 years as of January 1 of the year of application for the examination. 
• Candidates hailing from reserved categories are provided age relaxation according to the norms of the Government of India. 
• Applicants who have pursued M.Phil degree are eligible for the examination by the age of 32. 
• While an applicant having a Ph.D degree can appear for the examination till the age of 34. 

Above are the basic criteria that must be fulfilled for appearing in the examination, but a candidate should also satisfy the educational criteria for the RBI Grade-B DEPR. 

Aspiring candidates should note that for (A) the minimum required marks must be above 55% or an equivalent grade in aggregate of all semesters/ years from a recognized Indian or Foreign University or Institute. Also, the understanding of the following information is also required. 

• For SC, ST & PwBD candidates, the minimum marks requirement for (A), (B), & must be at least 50%. 
• The term Principal Constituent is referred to as a syllabus or curriculum in which half or more of the total course, electives, credits must include Economics &/or Finance. 
• The term Specialisation in Economics or Finance states that a third or more of the total course, electives, credits in the second year must include Economics &/or Finance.
• The candidates having an M.Phil degree or a Doctorate Degree from a recognised Indian or Foreign University, Institute in economics will be rewarded with an age relaxation of 2 & 4 Years respectively. 
• Candidates with Master’s Degree with Research or teaching experience at a recognised Indian or Foreign University or Institute in Economics are also eligible for age relaxation in the upper age limit.
  • These relaxation will be applied with respect to the number of years of experience. 
  • These years will be subjected to a maximum of three years. But in case the experience is that of probationary period it will not be considered. 
• It should be noted that the aforementioned age relaxation will not be cumulatively available with age relaxation to the various categories as mentioned above. 

The aspiring candidates belonging to the General Category are allowed to have 6 attempts to clear the RBI Grade B DEPR Phase I examination. At the same time there is no limit for attempts for SC/ST/OBC/PwD/EWS aspiring candidates. 

The Reserve Bank of India conducts RBI Grade-B DEPR to select candidates suitable in uplifting the economic policies and their implementation in India. It is known that Economy is the backbone of any country and its policies plays a very important role in shaping a country.