How to Approach the RBI DEPR Interview Round with Confidence
- educational institutiontips
- May 9
- 3 min read
One of the most prominent and thought-provoking job paths for Indian economics graduates is the RBI DEPR (Reserve Bank of India – Department of Economic and Policy Research) test. After clearing the rigorous written exams in Phase 1 and Phase 2, the final stage that determines your selection is the interview round.
This final round is often perceived as intimidating—not because of the panel, but because it tests both your depth of knowledge and your personality. In this article, we’ll guide you on how to approach the RBI DEPR interview with confidence and clarity.
Understanding the RBI DEPR Interview Round
The interview panel typically comprises senior RBI officials and academic economists. The interview generally lasts for 20–30 minutes and is conducted in an interactive and cordial manner.
Expect questions from the following areas:
Academic background in economics
Current economic issues (national and global)
RBI policies and reports
Your educational and personal journey
The goal isn’t to test rote memorization but to evaluate how clearly and logically you can present your thoughts.
Key Areas to Prepare For
1. Academic Concepts
Review the fundamentals of economics, including:
Macroeconomics (IS-LM, AD-AS, monetary and fiscal policy)
Microeconomics (market structures, game theory basics)
Econometrics (basic regression models, hypothesis testing)
Indian Economy (planning, reforms, inflation, employment)
Be ready to explain concepts in simple language, as you might be asked to relate theory to real-world policy problems.
2. Current Economic Affairs
The panel expects candidates to be aware of:
Recent RBI monetary policy decisions
Inflation trends and interest rates
Government budgets and fiscal targets
Global developments (US Fed actions, oil prices, etc.)
Following publications like The Hindu BusinessLine, Mint, Economic Times, and the RBI website regularly is a must.
3. Your DEPR Application & Background
Prepare answers to:
Why did you apply for RBI DEPR?
How does your academic or work experience align with DEPR's objectives?
What are your strengths and areas of interest in economics?
Prepare to go into depth about any published work you have done, such as a dissertation or internship.
4. Mock Interviews and Roleplay
Practice is key to confidence. Enroll in mock interview programs—online or offline. Platforms such as ArthaPoint Plus provide feedback sessions and simulated interviews tailored to the RBI DEPR. Role-playing with peers can also help reduce nervousness.
Tips to Boost Confidence Before the Interview
Practice answering aloud—clarity improves with verbal repetition.
Keep answers structured—use intro-body-conclusion format.
Maintain professional appearance—formal dress, polite tone, good posture.
Be authentic—it’s okay to say “I don’t know” rather than guessing.
Smile and breathe—confidence is as much about body language as it is about words.
Common Mistakes to Avoid
Being vague or overly technical in your responses.
Ignoring recent economic events—this shows a lack of interest.
Memorized answers—the panel can easily spot rehearsed lines.
Overconfidence or underconfidence—stay balanced.
Resources to Help You Prepare
Here are some recommended sources:
RBI Annual Report and Monetary Policy Statements
Economic Survey and Union Budget
Books such as Dornbusch & Fischer's Macroeconomics and Uma Kapila's Indian Economy
Mock interview programs by platforms such as ArthaPoint Plus
These resources help you develop both content knowledge and interview temperament.
Final Thoughts
The RBI DEPR interview is more than a test of knowledge—it’s an evaluation of your thought process, clarity, and passion for economics. You don’t need to be flawless; you just need to be informed, honest, and composed.
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