For aspirants preparing for the RBI DEPR Interview, Indian Economic Service (IES) Interview, or any other economics-based recruitment interview, previous years’ interview transcripts are truly invaluable. They provide rare, real-world insights into the types of questions asked, the thought process behind successful answers, and the overall interview experience. Unfortunately, such transcripts are still in short-supply, for various reasons.. That’s why we encourage selected candidates to share their interview transcripts – your experience could guide and inspire aspirants even a decade from now. And years later, you might enjoy revisiting your own transcript as a treasured memory of your journey.
RBI DEPR 2024 Interview Transcript
Candidate Name: Ranadeep Das
Background: M.Sc. Economics (2024), IIT Delhi ; B.Sc. Economics, St. Xavier’s College, Kolkata.
Result : Recommended / Selected
Date of Interview: 20th January 2025
Duration : ~ 25 mins (3.25 pm – 3.50pm)
I was 8th amongst 11 candidates called that day, and 2nd post lunch.
Chairman:
1. (reading from the tab my background and marks scored) You got 96.9% in your postgrad in IIT Delhi. Are they giving numbers for free or are they setting too easy question papers these days?
2. So, where did the remaining 3.1% go?
3. What were the subjects you read?
4. From a model I created about Non Performing Assets, he asked questions about my assumptions. Pointed out some errors and asked me to look into that.
Member-1 (M1):
1. What are the functions of RBI?
2. So, as u said, public debt management: how exactly does RBI perform that function?
3. What are Ways and Means advances? What exactly is public debt?
Stopped at each point and counter questioned. Not just him, Chairman also intervened.
Member-2 (Ma’am):
1. Why can’t RBI transfer some of its functions like currency management, consumer protection to its subsidiaries? Why does it keep to itself?
2. What is moral hazard in the banking sector?
3. Have you heard about the recent Banking Amendment Act? What are some of its provisions?
Member-3:
Since you mentioned you studied time series econometrics in master’s
1. What is non – stationarity?
2. Why do we have problems in forecasting if the underlying stochastic process is non-stationary?
3. What is random walk process?
4. Suppose, exchange rate of India follows a random walk process. Now, if the difference between exchange rate at time t and t-1 is n, then what is going to be the best forecast of exchange rate for time t+1?
Member-4
1. Have you heard about the ECL framework for banks?
2. When it comes to monetary transmission, banks change lending rates quite easily but deposit rates don’t change so easily? Why?
3. What type of loans are not linked to External Benchmark system? (Taking cue from my previous answer)
Member-5
1. What are interest sensitive sectors?
2. How does the money multiplier process work? How can money get multiplied?
Chairman wished me Thank you and I left the room.
Note : Ranadeep Das was enrolled only in Interview Guidance Programme (Paid) with Testonomics, for RBI DEPR 2024 Exam preparation !
At Testonomics, we believe in complete transparency when publishing interview transcripts. We clearly state whether a candidate was enrolled in any of our RBI DEPR Coaching or RBI DEPR Test Series before selection. Since 2021, we have consciously avoided any form of misleading marketing. On our Toppers at Testonomics page, you’ll find clear and honest details of the specific courses each successful candidate attended. This way, readers know exactly what role, if any, our programs played in their preparation.
Whenever you are recommended / selected for any Economics-specialist recruitment exam, we request you and encourage you to publish your Interview Transcript at Testonomics.
