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IIT JAM Economics Question Paper 2026 provides a clear understanding of the examination pattern and overall difficulty level for postgraduate aspirants in Economics. The IIT JAM Economics Question Paper 2026 is part of the Joint Admission Test for Master’s (JAM), a national-level entrance examination conducted annually by one of the Indian Institutes of Technology on a rotational basis. For the 2026 examination cycle, IIT Bombay is the official conducting authority. The examination is conducted on behalf of all participating Indian Institutes of Technology and several other centrally funded institutions.
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IIT JAM is regarded as one of India’s most competitive postgraduate entrance examinations, with more than 50,000 candidates expected to appear for IIT JAM 2026 across disciplines. A valid IIT JAM Economics score is accepted by leading institutions such as the Indian Institute of Science, National Institutes of Technology, Defence Institute of Advanced Technology, and Indian Institute of Engineering Science and Technology, making it a crucial gateway for admission to MSc and related postgraduate programmes in Economics.
To be updated soon
Referring to the IIT JAM Economics question paper with answers PDF will help students understand the overall difficulty of the IIT 2026 JAM Economics question paper.
Subjects | Question Paper with Solution PDF |
Economics | To be updated soon |
IIT JAM Economics memory-based questions with solutions will be uploaded below after the exam. Stay tuned!
The Indian Institute of Technology, Bombay, has created an IIT JAM Economics mock test 2026 for the IIT JAM Economics aspirants. It follows the same IIT JAM Economics exam syllabus and the difficulty levels. The candidates are strongly advised to attempt the official mock test to assess their preparation levels and make any changes to it if necessary.
Title | Download Link |
IIT JAM Economics Official Mock Test |
Practising IIT JAM previous year question papers with detailed solutions helps candidates understand the exam pattern, improve accuracy, and strengthen conceptual clarity. Below are selected solved Ecomics questions to give an idea of question types and solutions:
Q 1. For a positively skewed frequency distribution, _________.
(A) Mean > Median > Mode
(B) Mean < Median < Mode
(C) Mode > Mean > Median
(D) Median > Mode > Mean
Answer:
(A) Mean > Median > Mode
Explanation:
In a positively skewed (right-skewed) distribution, the tail stretches to the right, meaning there are a few unusually high values.
These high values pull the mean to the right, making it greater than the median, while the mode remains the peak of the distribution (the most frequent value).
So the order is: Mean > Median > Mode.
Q 2. In 1991, ________ Committee was set up by the Government of India to examine the structure, organisation, and functions of the Indian financial system.
(A) Rangarajan
(B) Reddy
(C) Narasimham
(D) Chakravarty
Answer:
(A) Rangarajan
Explanation:
In 1991, the Government of India set up the Rangarajan Committee to examine the structure, organisation, and functions of the Indian financial system.
The committee’s recommendations focused on improving the efficiency, regulation, and stability of financial institutions in India.
Q 3. The inflation targeting policy adopted by the Reserve Bank of India in 2015 prescribed the targeted inflation to vary between ________ percent.
(A) 2-6
(B) 2-7
(C) 3-8
(D) 3-7
Answer:
(D) 3–7
Explanation:
In 2015, the Reserve Bank of India (RBI) formally adopted an inflation targeting framework under the RBI Act, 1934 (amendment).
The target was set in terms of Consumer Price Index (CPI) inflation with a mid-point of 4% and a tolerance band of ±2%, i.e., the range is 3% to 7%.
The main objective was to maintain price stability while supporting economic growth.
Q 4. Which one of the following is distinct from the others?
(A) Histogram
(B) Pictogram
(C) Ogive
(D) Frequency polygon
Answer:
(B) Pictogram
Explanation:
Histogram, Ogive, and Frequency Polygon are all graphical representations of frequency distributions using axes, scales, and plots.
Pictogram, on the other hand, represents data using pictures or symbols rather than a standard graph. It is more illustrative and less mathematical in nature.
So, the pictogram is distinct from the others.
Q 5. Which one of the following is the shutdown condition for a profit-maximising firm in a perfectly competitive market?
P- Price, AVC- Average Variable Cost, ATC- Average Total Cost
(A) P<AVC
(B) P>AVC
(C) P<ATС
(D) P> ATC
Answer:
(A) P < AVC
Explanation:
In a perfectly competitive market, a profit-maximising firm will continue producing as long as it can cover its variable costs.
Shut-down condition: The firm should shut down in the short run if the market price (P) falls below the average variable cost (AVC), i.e., P < AVC.
Reason: If P < AVC, the firm cannot even cover the variable costs of production, and continuing production would increase losses.
If P > AVC, the firm may incur losses but can cover variable costs and part of fixed costs, so it continues production.
The IIT JAM Economics exam is divided into three sections – Multiple Choice Questions (MCQ), Multiple Select Questions (MSQ), and Numerical Answer Type (NAT). The IIT JAM exam pattern and IIT JAM negative marking scheme are summarised below:
Section | Question Type | Number of Questions | Marks per Question | Total Marks |
Section A | MCQ | 30 | 1 or 2 | 50 |
Section B | MSQ | 10 | 2 | 20 |
Section C | NAT | 20 | 1 or 2 | 30 |
Total | — | 60 | — | 100 |
Additional Details:
Negative Marking: Only MCQs have negative marking (⅓ for 1-mark, ⅔ for 2-mark questions).
Duration: 3 hours.
Syllabus Coverage: Includes Microeconomics, Macroeconomics, Statistics & Econometrics, Mathematical Economics, Growth & Development, Indian Economy, and Public Economics.
After the IIT JAM Economics 2026 exam, candidates should focus on the post-exam process related to results, counselling, and admissions. The official answer key and response sheet are released first, helping students estimate their scores. The final IIT JAM Economics 2026 result is then announced by IIT Bombay, the conducting institute for this cycle. Qualified candidates must apply through the JAM Online Application Processing System (JOAPS) for admission to MSc Economics and related postgraduate programmes. During counselling, candidates can choose institutes and programmes based on their IIT JAM rank, cut-offs, and seat availability. Institutes accepting IIT JAM Economics scores include IITs, IISc, NITs, DIAT, and IIEST. Candidates who receive seat allotment must complete document verification and admission formalities within the given timeline. Those who do not secure a seat in the early rounds can participate in further counselling rounds or apply to other institutes accepting IIT JAM scores.
Frequently Asked Questions (FAQs)
The provisional answer key and response sheet are usually released a few days after the exam. They allow candidates to check their responses and estimate their scores before the final result.
Yes. Negative marking applies only to MCQs. There is no negative marking for MSQ and NAT questions.
Qualified candidates must apply through the JAM Online Application Processing System (JOAPS) portal during the counselling period and fill in their institute and programme preferences.
IIT JAM Economics scores are accepted by IITs, IISc, NITs, DIAT, IIEST, and several other centrally funded institutions for MSc and related postgraduate programmes.
Yes. Candidates can participate in further counselling rounds if seats remain vacant or apply to other institutes that accept IIT JAM Economics scores.
On Question asked by student community
Hello Nisha. No IIT JAM and NEET are not the same level the reason is quite simple.
NEET is an exam for students after class 12th who want to become doctor. The questions are asked only from the class 11th and 12th syllabus of physics, chemistry and biology. The concepts
Hello,
Your exam result will still be generated after you take the IIT JAM exam .
But if you do not submit a valid EWS certificate , then:
Your EWS category benefit will be cancelled .
Your result may be treated as General category .
At the admission stage ,
Hello,
If your IIT JAM status shows “Under Scrutiny: Defect Rectification Done”, it means your correction is submitted and under review. Keep checking your portal, once verified, it’ll change to “Accepted” or “Found Defective.” Updates usually appear within 2–3 days before the portal closes.
Hope you understand.
For IIT JAM BIOTECHNOLOGY EXAMINATION the 4 subjects are PHYSICS, CHEMISTRY, MATHEMATICS AND BIOLOGY and the candidate must be graduated with other criteria. Nowhere in the eligibilities it is needed to have mathematics in +2 level.
You can check out the other eligibility in the brochure given below by Careers360.
Hello dear candidate ,
JAM exam is conducting in english only , no hindi option is available in this exam so there is no choice to giving the IIT JAM exam in Hindi , you must have to prepare in english for IIT JAM .
Hope this information is useful
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