Deshbandhu College, University of Delhi

I think you shouldn't wait for the 3rd list, because Deshbandhu is not that much bad or low standard college, Go for it, and if you want to change the college so you can do it after 1st year in Deshbandhu by migration process. To get admission in DU is reliable. The college doesn't matter that much, after all, the degree of DU is important. That is my opinion. Rest of the decision is totally up to you.
all the best

Kindly use Shiksha College Comparison Tool to know the differences between these colleges:
https://www.shiksha.com/resources/college-comparison

Hi Nikhil,
Please refer to the link provided below for a detailed comparison between Dr. Bhim Rao Ambedkar College, Ramanujan College and Shyam Lal College for a course.
https://www.shiksha.com/resources/college-comparison-53863-53488-291641
You should be able to compare various features of the two institutes to help you reach a decision of which is better, and where you would like to pursue.
Thanks

Both the colleges are good but Deshbandu is the better choice.

Yes, there is M.A. Economics in SRCC.
No, you don't have to apply separately as the colleges are allotted by the university (maybe on the basis of your marks).

Definetly Deshbandhu