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RBI Grade B DEPR Syllabus

Updated: Mar 29

RBI Grade B DEPR exam is conducted on yearly basis for research and analysis. Along with helping in policy formulation and compilation of data. Here, we will discuss about the syllabus required for RBI Grade B DEPR selection.

RBI Grade B DEPR Syllabus
RBI Grade B DEPR Syllabus

RBI Grade B DEPR Syllabus

As discussed in the other blog. Now, we all know that the official notification for RBI Grade B 2024 has not yet been released. So, based on the last year, here is the syllabus for RBI Grade B DEPR for your reference which is divided as per phases :

Phase I

Paper 1 : Economics

This is an OBJECTIVE type paper

  1. Microeconomics (Theories of consumer’s demand; Production; Market Structures and Pricing; Distribution; and Welfare Economics)

  2. Macro Economics (Theories of Employment, Output and Inflation; Monetary Economics; ISLM Model; Schools of Economic Thought)

  3. International Economics (Theories of International Trade; Balance of Payments; Exchange Rate Models)

  4. Theories of Economic Growth and Development (Classical neo-classical approaches to economic growth and major theories of economic development)

  5. Public Finance (Theories of taxation and public expenditure and Public Debt Management)

  6. Environmental Economics (Green GDP, Environmental Valuation, Environmental policy instruments)

  7. Quantitative Methods in Economics (Mathematical and Statistical Methods for Economics, Ordinary Least Square Regression)

  8. Current developments in Indian Economy (Growth, inflation, poverty, unemployment, financial sector developments, external sector developments, fiscal developments, agriculture, industry, infrastructure, and services)

Paper 2 : English

This is an DESCRIPTIVE type paper

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic

Phase II

Paper 1 : Economics

This is an DESCRIPTIVE type paper


  • Consumer Theory: Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve Analysis, Price, Income and Substitution Effects, Game Theory

  • Production Theory: Forms of Production function; Laws of Returns to Scale; Partial Equilibrium Vs General Equilibrium Analysis

  • Market Theory: Pricing under different market structures

  • Distribution Theories: Ricardo, Marx, Kalecki and Kaldor

  • Welfare Economics: Pareto Optimality, Schools of Welfare Thought including Arrow, Coase and Sen


  • National Income Accounting: Various methods for measurement of National Income

  • Theory of employment and Output: Classical and Neo-classical approaches, Keynesian theory of Employment and output, Post-Keynesian developments, Business Cycles

  • Inflation: Types of Inflation, Philip's curve, Taylor’s Rule, Lucas Critique

  • Money and Banking: Quantity theory of Money, Neutrality of money, IS - LM Model and AD-AS Models, Money Multiplier, Monetary Policy – Scope, Objectives and instruments, Inflation targeting

  • Theories of Economic Growth and Development: Theories of growth, Classical and neoclassical approaches, Theories of Economic Development

  • International trade and Balance of payments: Theories of international trade, Determination of exchange rates, Impossible Trinity

  • Public Finance: Theories of taxation, Theories of public expenditure, Theories of public debt management.

Important Note: Equal weightage will be given to Microeconomic & Macroeconomic sections

Paper 2 : Economics

This is an DESCRIPTIVE type paper

Quantitative Methods in Economics

  • Mathematical Methods in Economics: Differentiation and Integration, Optimisation, Sets, Matrices, Linear algebra and Linear programming

  • Statistical Methods in Economics: Measures of central tendency and dispersions, Probability, Time series, Index numbers.

  • Econometrics and advanced Applications: Regression analysis, Panel data econometrics, Time Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/ Machine Learning

Indian Economy

  • Fiscal policy in India: Evolution, scope and limitations, current trends

  • Monetary Policy in India: Evolution, Functions of the Reserve Bank of India, MonetaryFiscal coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends

  • Banking and financial sector development in India: Banks and other constituents of Indian financial markets and related developments, Current trends

  • Inflation in India: Trends and drivers

  • External sector developments in India: Exchange rate management, external debt, Balance of payments, Current trends.

  • Sectoral and other developments in India: Agriculture, industry, services and social sector-related developments.

Important Note: Equal weightage will be given to Quantitative Economics and Indian Economy sections

Hope this was helpful for all the aspirants sitting for the upcoming RBI Grade B DEPR Exam 2024.

ArthaPoint RBI Grade B DEPR Course - Here

Have any doubt or query regarding RBI Grade B DEPR, then feel free to contact us at 8368663950.

Team ArthaPoint


Frequently asked questions

What is RBI Grade B DEPR?

RBI Grade B DEPR (Department of Economic and Policy Research) is a prestigious position offered by the Reserve Bank of India (RBI). It is a specialized cadre within the RBI aimed at conducting research, analysis, and formulation of economic policies.

What is the criteria for RBI Grade B DEPR?

What are the main subjects covered in the RBI Grade B DEPR syllabus?

Are there any changes to the RBI Grade B DEPR Syllabus for the upcoming exams?

What is the pattern of RBI Grade B DEPR exam?

How can I effectively prepare for the RBI Grade B DEPR exam?

What are the benefits of RBI Grade B DEPR?

What is the duration of RBI DEPR exam?

What is the difference between DEPR and DSIM RBI?

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