FAQs About Economics Competitive Exams

Confused about where to start your Economics exam preparation? You're not alone! This section addresses frequently asked questions (FAQs) by aspirants like you preparing for exams such as ISI MSQE, IES, RBI DEPR, DSE, IIT JAM, TISSNET, and more.

Whether you’re a beginner or a serious candidate looking for guidance, we’ve got your most pressing queries covered.

💡 General FAQs

Q1: Which are the most popular Economics competitive exams in India?
A: Some of the most competitive and prestigious Economics exams in India are:

• ISI MSQE (Indian Statistical Institute – Master of Science in Quantitative Economics)

• DSE MA Economics (Delhi School of Economics)

• RBI DEPR (Department of Economic Policy and Research – RBI Grade B)

• IES Economics (Indian Economic Service – UPSC)

• JNU MA Economics, IGIDR, Gokhale Institute, IIT JAM Economics, TISSNET, and more.

Q2: What is the basic eligibility for these exams?
A: While each exam has its own eligibility, here’s a general overview:

• UG Level Exams (e.g., IIT JAM) – You need a background in Economics or related subjects in 10+2+3 format.

• PG Level Exams (e.g., DSE, ISI) – A bachelor’s degree in Economics, Mathematics, or Statistics is often required.

• IES – A post-graduate degree in Economics or Applied Economics is mandatory.

• RBI DEPR – Requires a Master's degree in Economics or equivalent qualification.

Q3: Which subjects are important for Economics competitive exams?
A: Common core areas include:

• Microeconomics

• Macroeconomics

• Mathematical Economics

• Statistics and Econometrics

• Indian Economy

• Development Economics

• International Economics

• Public Finance

Each exam has different emphasis levels. For instance, ISI focuses heavily on Quant and Math, while IES includes descriptive answer writing.

Q4: How much time does it take to prepare effectively?
A: A serious preparation timeline is:

• 6–12 months for ISI MSQE, IES, RBI DEPR

• 3–6 months for IIT JAM, DSE, JNU, and other PG entrances
  However, the time required varies depending on your academic background and daily schedule.

Q5: Can I prepare for these exams while working or studying full-time?
A: Yes, absolutely! Many successful candidates prepare while working. You can:

• Follow a flexible online course

• Study during evenings or weekends

• Stick to a smart timetable with regular revision

Institutes like Dr. Sourav Sir's Classes offer recorded classes, live doubt-clearing sessions, and weekend mentoring — perfect for working professionals or college students.

Q6: What is the level of mathematics in these exams?
A: Varies by exam:

• ISI MSQE – Advanced Mathematics (Linear Algebra, Calculus, Real Analysis)

• DSE, RBI DEPR – Moderate to Advanced (Mathematical Economics, Optimization)

• IES – Mix of basic and applied Mathematics

• IIT JAM Economics – Math at UG level is critical

Having a good grip on mathematics is essential for cracking top-tier programs.

📚 FAQs About Preparation Strategy

Q7: Are coaching classes necessary?
A: Not mandatory, but highly recommended for:

• Structured learning

• Coverage of difficult topics like Econometrics

• Solving previous years' papers and getting mock test feedback
  If self-study isn’t working or you need expert guidance, coaching like Dr. Sourav Sir’s Classes can fast-track your preparation.

Q8: How do I access previous year question papers?
A:

• Official websites of ISI, DSE, RBI, UPSC, etc., host some papers

• Coaching institutes and YouTube channels often provide solved papers

• Enrolling in test series helps simulate past year patterns

Q9: What are the best books for Economics competitive exams?
A: A few must-haves:

• Hal Varian – Intermediate Microeconomics

• Mankiw – Principles of Macroeconomics

• Gujarati or Wooldridge – Econometrics

• H.L. Ahuja – Indian Economy

• Sundaram & Hune – Mathematical Analysis

• Schaum’s Series – For practice in Math and Statistics

• Previous Year Papers & Mock Tests – Vital for exam readiness

Q10: What kind of questions are asked in interviews (e.g., for IES, RBI DEPR)?
A:

• Conceptual and analytical questions in Micro, Macro, Indian Economy

• Questions from your academic background and recent economic developments

• Opinion-based or case study questions (e.g., inflation handling, monetary policy, etc.)

🎯 Coaching-Specific FAQs

Q11: Do Dr. Sourav Sir’s Classes provide doubt-clearing support?
A: Yes! Students benefit from:

• 1-on-1 doubt-clearing sessions

• Dedicated Telegram/WhatsApp groups

• Live interaction during online classes

• Revision-based query resolution

Q12: Can I take trial classes before enrolling?
A: Yes. You can request a free demo class before choosing any full course.

Q13: What is the success rate of your Economics students?
A: We’re proud of our high success rates across all major exams including:

• ISI MSQE

• DSE MA Economics

• RBI DEPR

• IES
  Our students consistently rank in the top 100 across India.

Q14: How do I join the course?
A: You can:

• Call or WhatsApp us at 📞 +91 8583070415

• Visit our center at 🏫 8/2C, Kashi Ghosh Lane, Beadon Street, Kolkata – 700006

• Email 📧 us at souravdas3366@gmail.com

• Or fill out the form on our official website