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JAM is conducted by IITs, on a rotational basis, to fill seats in Joint MS.-PhD, MSc-PhD dual degree, et al programmes. IISc Bangalore also fills Integrated PhD Degree programmes based on IIT-JAM score. Other than this, NITs also considered the performance in the exam for admission. The exam is held on a single day for six subjects. Earlier, the exam was held for seven subjects but IITs recently dropped biological sciences from the exam.
IIT JAM 2022 Exam is to be held on Feb 13, 2022 in an online mode. IIT JAM will be conducted for seven Papers, namely, Biotechnology, Chemistry, Economics, Geology, Mathematics, Mathematical Statistics, and Physics. Check IIT JAM Syllabus 2022.
IIT JAM 2022 will be conducted online only as a Computer Based Test (CBT) for all Test Papers. As per IIT JAM Exam Pattern, three types of questions will be asked in the paper i.e. MCQ, MSQ, and NAT questions.
IIT JAM 2022 Admit Cards has been released on January 16 in online mode. All the successfully registered candidates who have paid the application fees can download the admit cards by visiting the official website ie. jam.iitr.ac.in. Check IIT JAM 2022 Admit Card.
The authority has also released the subject wise IIT JAM mock tests on the official website. The time direction and type of questions asked in IIT JAM Mock Test are as per the pattern of the paper. Also, all the candidates can access mock tests as no login credentials are required to start the test.
Understanding the JAM Paper Pattern is essential to prepare for the exam. This will help you know the number of questions asked in the Economics paper and the time allotted to solve these questions.
Duration of Exam | 3 Hours |
Number of Questions | 60 Questions |
Total Marks | 100 Marks |
Total Sections | 3 Sections – A, B, & C |
Type of Questions | Section A – 30 Multiple Choice Questions
Section B – 10 Multiple Select Questions Section C – 20 Numerical type Questions |
Scheme for Marking | There will be negative marking for section A
No negative marking for sections B & C. |
Below, we are sharing the IIT JAM Economics marking scheme that will make you aware of the exam paper’s difficulty level.
This section is divided into two parts. The first part will contain 10 Multiple Choice Questions of 1 mark. There is a negative marking for every wrong answer (1/3 will be deducted for the 1-mark question).
The remaining 20 Multiple Choice Questions are of 2 marks each, and 2/3 marks will be deducted for these types of questions in case of wrong attempts.
This section contains 10 Multiple Select Questions of 2 marks each.
There is no negative marking in this section.
It contains 30 Numerical Answer type questions. 1 mark will be awarded for 10 Numerical Answer type questions and 2 marks for other remaining questions.
There will be no negative marking for Section C as well.
After knowing about the Exam Pattern and Syllabus, the next step to get good marks has the best books for preparation. Before buying any book, candidates must go through the reviews about the book. The value of good books cannot be overlooked as they provide a student with clear and understandable answers from guiding to solving problems and explaining topics in simple language, and having several problems for practice. Aspirants should only refer to the best IIT JAM Study Material to crack the IIT JAM Economics exam with good marks.
Here at Edusure, we’re working tirelessly to bring you the quality IIT JAM Economics Study Material and complete online learning materials as soon as possible. So, stay tuned with Edusure to get all the updates on the study materials.
Here are some of the most recommended IIT JAM Economics Books for your reference –
IIT JAM Economics Syllabus is also divided into the various sections. Also, the paper or discipline has been added to IIT JAM from this year. Candidates can check the syllabus below:
Names of Chapters |
|
Consumer theory | Public goods and market failure |
Production, costs with perfectly competitive markets | Game theory |
General equilibrium and welfare | Market structure |
Names of Chapters |
|
National Income Accounting | Growth Models |
Behavioral and Technological Functions | Inflation and Unemployment |
Business Cycles and Economic Models | Business Cycles and Economic Models (Open Economy) |
Topics |
Probability theory, Sample spaces and events, Axioms of probability and their properties, conditional probability and Bayes’ rule, independent events |
Random variables and probability distributions, probability distributions, expected values and functions of random variables, properties of commonly used discrete and continuous distributions |
Random sampling, Density and distribution functions for jointly distributed random variables, computing expected values of jointly distributed random variables, covariance and correlation coefficients |
Point and interval estimation, estimation of population parameters using methods of moments and maximum likelihood procedures, properties of estimators, confidence intervals |
Hypothesis testing, distributions of test statistics, testing hypotheses related to population parame- 32 ters, Type I and Type II errors, the power of a test, tests for comparing parameters from two samples |
Names of Chapters |
|
Indian economy before 1950 | India’s labour market |
Planning and Indian development | Poverty |
Indian economy after 1991 | Inequalities in social development |
Banking, finance and macroeconomic policies | — |
Names of Chapters |
Topics |
Preliminaries and Functions of one real variable | Integration, differential equations, and difference equations |
Single-variable optimization | Linear programming |
Linear algebra | Multivariate optimization |
Functions of several real variables | — |
Names of Chapters |
Basics and advanced theories |
MLRM (Multi-Liner Regressions Models) |
Violations of classical assumptions |
Important tests and results |
We here at Edusure, would suggest to not worry about the entrance test and make a note of these important tips for appearing for this exam.
Do take a look at a video on our Youtube channel on How to prepare for IIT JAM 2022 – Exam strategy, tips, time management, tricks, etc.