IIT JAM Economics Previous Year Question Paper PDF Download

The IIT JAM Economics Previous Year Question Paper PDF is one of the most useful resources for candidates preparing for the Economics (EN) paper. Solving PYQs gives you a clearer idea of the question style, difficulty level, important concepts and the way Economics is tested in the JAM exam. You can use these IIT JAM previous year question papers with answers PDF for topic-wise practice, revision, and self-assessment.

For candidates targeting IIT JAM 2027, PYQs should not be treated simply as papers to download. They are useful study material for understanding what to expect in the IIT JAM exam and for identifying areas that need more preparation.

IIT JAM Economics Previous Year Question Paper PDF - Year Wise

Candidates studying for the IIT JAM Economics exam 2027 are benefitted with working out previous year papers to understand the actual question style and important areas. Refer to the links given below to download yearwise IIT JAM Economics Previous question papers and answer keys.

Download the latest IIT JAM Economics previous year question paper with solutions PDF first and gradually move to older papers. This gives you a better sequence for understanding recent question trends before moving into broader practice.

IIT JAM Economics Previous Year Question Paper With Solutions

Many aspirants specifically search for an IIT JAM Economics Previous Year Question Paper with Solutions because checking the final answer alone does not always explain why an option is correct. The following are practice questions based on Economics question formats relevant to IIT JAMExam. 

Question 1 

Which one of the following is a relative measure of dispersion? 

(A) Range 

(B) Mean Absolute Deviation about Mean 

(C) Coefficient of Variation 

(D) Quartile Deviation 

Answer: C. Coefficient of Variation

Question 2

Which one of the following was NOT part of India’s economic reforms in 1991? 

(A) Abolition of ‘License Raj’ 

(B) Encouragement of foreign investment 

(C) Devaluation of Rupee 

(D) Nationalisation of banks 

Answer: D. Nationalisation of banks

Question 3 

India’s Second Five-Year Plan (1956-61) was developed based on 

(A) Harrod-Domar Model 

(B) Mahalanobis Model 

(C) Gadgil Formula 

(D) Solow Model 

Answer: B. Mahalanobis Model

Question 4 

Which one of the following statements is CORRECT for the general equilibrium analysis for a two-person and two-good pure exchange economy? 

(A) Some points on the contract curve may not be Pareto optimal. 

(B) Endowment point cannot be on the boundary of the Edgeworth Box. 

(C) Equilibrium prices are endogenously determined. 

(D) In equilibrium, net demand for a good is either positive or negative but cannot be zero. 

Answer: C. Equilibrium prices are endogenously determined.

Question 5 

The relationship between tax revenue and tax rate is represented by ________. 

(A) J-Curve 

(B) Laffer Curve 

(C) Phillips Curve 

(D) IS Curve 

Answer: B. Laffer Curve

Question 6 

A monopolist sells different units of output for different prices, but every individual who buys the same quantity of the good pays the same price. It is known as _________ price discrimination. 

(A) first degree 

(B) third degree 

(C) perfect 

(D) second degree 

Answer: D. second degree

Question 7 

Which one of the following statements regarding Romer’s Endogenous Growth model and Solow’s Growth model is CORRECT? 

(A) Romer’s Endogenous Growth model assumes constant returns to scale whereas Solow’s Growth model assumes increasing returns to scale. 

(B) Capital accumulation is exogenous in Solow’s Growth model and endogenous in Romer’s Endogenous Growth model. 

(C) Romer’s Endogenous Growth model explains technological progress but Solow’s Growth model does not. 

(D) Capital accumulation is exogenous in both models. 

Answer: C. Romer’s Endogenous Growth model explains technological progress but Solow’s Growth model does not.

Question 8 

In the context of Reserve Bank of India’s monetary policy, which one of the following options represents the CORRECT order of magnitude? 

(A) Marginal Standing Facility rate > Repo rate > Reverse Repo rate 

(B) Marginal Standing Facility rate > Reverse Repo rate > Repo rate 

(C) Repo rate > Reverse Repo rate > Marginal Standing Facility rate 

(D) Repo rate > Marginal Standing Facility rate > Reverse Repo rate 

Answer: A. Marginal Standing Facility rate > Repo rate > Reverse Repo rate

Question 9 

Which one of the following statements is CORRECT in the context of price indices? 

(A) A weighted average of prices of raw materials and semifinished goods, relative to a base-year is known as the Consumer Price Index. 

(B) A weighted average of prices of consumer goods, relative to a base-year is known as the Producer Price Index. 

(C) The price index that considers the quantity of goods in the base-year as weight is known as the Laspeyres Index. 

(D) The price index that considers the quantity of goods in the base-year as weight is known as the Paasche Index. 

Answers: C. The price index that considers the quantity of goods in the base-year as weight is known as the Laspeyres Index.

Question 10 

In India, plan-holiday was declared between 

(A) Second and Third Five-Year Plan 

(B) Third and Fourth Five-Year Plan 

(C) Sixth and Seventh Five-Year Plan 

(D) Ninth and Tenth Five-Year Plan 

Answer: B. Third and Fourth Five-Year Plan

These practice IIT JAM Economics Previous Year Question Paper with Solutions are sample ones and are for quick revision. Click on the download links above to get complete yearwise IIT JAM previous year question papers with answers pdf.

IIT JAM Economics Exam Pattern 2027

Understanding the IIT JAM Economics Exam Pattern 2027 is essential before you start solving complete PYQs. The IIT JAM 2027 examination will be conducted in Computer-Based Test (CBT) mode and will contain three sections:

The official JAM 2027 pattern confirms that Section A contains MCQs with negative marking, Section B contains MSQs without negative marking, and Section C contains NAT questions answered using the virtual keyboard. An online virtual calculator is provided during the examination.

For detailed marks, question distribution and marking rules, candidates should also refer to the complete IIT JAM 2027 Exam Pattern: Question Types & Marking Scheme.

IIT JAM Economics Exam Date 2027

The IIT JAM Economics (EN) examination is scheduled for:

• Date: 14 February 2027, Sunday
• Session: Afternoon
• Time: 2:30 PM to 5:30 PM

IIT JAM Economics Exam 2027 is scheduled in the afternoon session along with Biotechnology, Mathematical Statistics and Physics.

Candidates can select one or two JAM test papers, but two papers can be selected only when they are scheduled in different sessions.

IIT JAM Economics Syllabus PDF Download

The IIT JAM Economics Syllabus PDF Download covers the major areas of Economics along with the mathematical and statistical concepts required for the examination. The syllabus includes Microeconomics, Macroeconomics, Statistics for Economics, Indian Economy and Mathematics for Economics. Candidates preparing for IIT JAM 2027 can refer to IIT JAM Syllabus 2027: Subject-Wise Topics & Important Chapters to download the latest Economics syllabus from the link given below.

Also Read:

• IIT JAM 2027 – Complete Guide to Exam, Syllabus, Eligibility, Application & Admission
• What is IIT JAM? Courses, Colleges & Career Scope
• IIT JAM Preparation Strategy 2027: Exam Pattern, Study Plan & Tips
• IIT JAM Syllabus 2027: Subject-Wise Topics & Important Chapters
• IIT JAM 2027 Eligibility Criteria: Qualification, Age Limit, Marks & More
• IIT JAM 2027 Application Process: Registration Dates, JOAPS Form Filling & Fees
• IIT JAM Chemistry Previous Year Question Papers PDF Download
• IIT JAM Biotechnology Previous Year Question Papers PDF Download
• IIT JAM 2027 Exam Pattern: Question Types & Marking Scheme.

Prepare for IIT JAM Economics With CC IIT JAM

If you are preparing for IIT JAM 2027, solving previous year question papers should be part of a larger and structured preparation plan.

CC IIT JAM, available through the CC Learning App, a multi learning platform, is designed for aspirants looking for a more organised approach to IIT JAM coaching or JAM online coaching. Instead of depending entirely on self-study, candidates can combine guided learning with regular practice and revision.

For students searching for IIT JAM online coaching, the right approach is to choose resources that support concept building, question practice and IIT JAM exam preparation together. With CC IIT JAM, aspirants can build their preparation around the syllabus and supplement their learning with PYQs and mock-test practice.

Download CC Learning App, identify your current preparation level, and start your CC IIT JAM Coaching for all seven subjects with expert faculty support.

IIT JAM Economics Frequently Asked Questions

Where can I download the IIT JAM Economics Previous Year Question Paper PDF?

The latest available IIT JAM Economics Previous Year Question Paper PDF can be accessed through the official JAM 2027 website or directly from the links given in this article. The official download section currently lists year-wise question papers for 2026, 2025, 2024, 2023 and 2022.

Where can I get the IIT JAM Economics Previous Year Question Paper with Solutions?

You can use the official question papers and answer keys for checking your responses. For detailed explanations, use reliable study resources or solutions prepared specifically for IIT JAM Economics.

Are IIT JAM previous year question papers with answers PDF useful?

Yes. IIT JAM previous year question papers with answers PDF help you understand the actual question format, practise concepts, analyse mistakes and become familiar with the examination.

How to prepare for IIT JAM Economics?

Start with the official IIT JAM syllabus, build strong fundamentals in Economics and related mathematical/statistical concepts, practise topic-wise questions, solve previous year papers and take timed mock tests. Regular analysis of mistakes is an important part of the preparation.

What are the important topics for IIT JAM Economics?

Preparation should cover the topics prescribed in the official Economics syllabus. Major areas include Microeconomics, Macroeconomics, Mathematical Economics, Statistics and Indian Economy, along with other syllabus-specific areas.

What is the IIT JAM Economics cut off?

The qualifying cut-off changes from year to year and can differ by category. It depends on factors such as examination difficulty, candidate performance and other factors. Candidates should refer to the official JAM results and cut-off information for the relevant year.

Is IIT JAM Economics difficult?

The difficulty level depends on your conceptual preparation, mathematical ability, accuracy and familiarity with the examination format. Regular practice with PYQs can make the question pattern more familiar and help improve exam readiness.

Is IIT JAM Economics only for Economics graduates?

Eligibility depends on the JAM admission requirements and the specific programme. Candidates should check the official eligibility and admission requirements for the programme they wish to join rather than assuming that every programme has identical eligibility conditions.

When is the IIT JAM Economics exam 2027?

The IIT JAM Economics (EN) paper is scheduled for 14 February 2027 from 2:30 PM to 5:30 PM in the afternoon session.

Does IIT JAM Economics have negative marking?

Yes. Negative marking applies to incorrect answers in Section A (MCQs). The official JAM 2027 pattern states that Section B (MSQs) has no negative marking, while Section C consists of NAT questions.

Can I prepare for IIT JAM Economics through online coaching?

Yes. IIT JAM online coaching can provide a structured learning environment, but it should be combined with self-study, PYQ practice, revision and mock tests.

Is CC IIT JAM suitable for IIT JAM Economics preparation?

CC IIT JAM is available through the CC Learning App for candidates looking for structured IIT JAM coaching and online preparation support. Students should combine the course resources with regular PYQ practice and revision.