GATE Economics[Code -C1] Question Paper 2023 Exam with Answer key Download PDF Now for Free
GATE Economics[Code -C1] Previous Year Question Paper 2023 is an essential part of exam preparation. The candidates can go through the question papers and practice by attending to the questions and checking the answers. They can also use it to learn and use question papers and answers as reference or preparation material. They will be able to get an idea of the questions asked in the question paper. Previous year Question Paper Give you an idea of the Exam Pattern Especially the questions pattern.
Candidates who are willing to appear for the Next term of the exam must go through the GATE previous year’s question papers. By referring to the question papers, candidates will get aware of the exam pattern of the entrance exam and the essential topics from which questions from each Unit appear in the exam. By qualifying for the exam, candidates are Eligible for Getting Secured Seats in Central Universities & IIT
- GATE Economics[Code -C1] Previous Year Question Papers
- Advantages of Solving GATE Economics[Code -C1] Previous Year Question Paper 2023
- Additional Benefits Practice GATE Economics[Code -C1] Previous Year Question Paper 2023 Previous Year Question Papers
- GATE Economics (Code -C1) Latest Syllabus 2024-
- GATE Economics Cut -off 2023 Exam –
- GATE Economics[Humanities & Social Science] Study Tips How to Crack in First Attempt –
- GATE Economics Four-Month Preparation Plan 2024
- Frequently Asked Question GATE Economics Question Paper
GATE Economics[Code -C1] Previous Year Question Papers
The previous year’s question papers of GATE play a significant role in preparations for the exam. Candidates must solve the previous question papers to score well in the Upcoming Exam. Aspirants can analyze their performance based on their exam preparation. In that way, they can make changes in their exam preparation Strategy for the Upcoming GATE exam. Candidates can check the Links to Download below for GATE Economics[Code -C1] Previous year papers.
Are you Looking Best Study Notes for GATE Check the Free Sample PDF Now – Click Here
GATE Economics[Code -C1] Question Paper 2023 PDF
Aspirants can check the GATE Economics[Code -C1] 2023 Question Paper given below in tabular format. Candidates can download the PDF files to Just fill the form given below.
Advantages of Solving GATE Economics[Code -C1] Previous Year Question Paper 2023
To Analysis the Previous year’s Question Paper its the best move to crack GATE Exam because the Previous year’s question paper is like a Mirror which tells you all details about the Paper. These papers are available in the form of a PDF file. Solving the GATE Economics[Code -C1] Previous Year Question Paper 2023 previous year question papers has several benefits mentioned below.
- Candidates will get knowledge about the exam pattern of the entrance exam.
- Aspirants must practice question papers to know about the question type and difficulty level of the exam.
- In this way, candidates can decide which section they need to focus on more and which need improvement to enhance their ability to solve questions.
- By referring to the question papers, candidates will get an idea of how much time they will require for solving those questions.
- Candidates can focus more on the questions asked repeatedly in previous years.
- Candidate confidence will get increased while solving the various question papers of GATE.
- Aspirants can refer to the previous year’s question papers to get an idea about the GATE marking scheme.
Are you Looking Best Study Notes for GATE Check the Free Sample PDF Now – Click Here
Additional Benefits Practice GATE Economics[Code -C1] Previous Year Question Paper 2023 Previous Year Question Papers
1. Helps understand the Exam Pattern –
Previous Year Papers will assist you with understanding the test design followed by NTA CUET PG. This not only increases your speed at attempting the exam but also ensures time Efficiency.
2. Helps Prepare for the difficulty level of questions –
- This examination isn’t going to be a joyride for you. having depth Knowledge about the Syllabus & Difficulty level of the Exam will help you a lot to crack CUET Exam
- When you will go through the CUET Previous Year Question Papers, you will get acquainted with the difficulty level of the questions asked from the topics and sub-topics of both the Papers, i.e., Paper-I and Paper-II.
3. Develops an understanding of the Important topics –
CUET Previous Year Question Papers will help you in recognising significant topics that are regularly asked in the exams. In any case, to speed up your exam preparation you should concentrate on rehearsing the significant subjects first. This can effectively be done by recognizing them through the Previous Year’s Question Papers.
4. Identify and balance Strong and Weak areas –
- It’s no rocket science to know that we all have our strengths and weaknesses, rather than being ignorant about the weaknesses and overconfident about the strengths, why not focus on finding a balance between the two?
- While I recommend focusing on both of them, always work a little harder on topics you’re a little weak in.
- Not just from the point of view of the exam but also in general, so that you don’t lack in any skill.
- As the exam has no negative marking, try to make your strengths a solid case so that you can absolutely nail the exam.
5. Increases Accuracy –
- It’s a known fact, the more you Practice your speech before going on stage, the lesser you’re bound to fumble or make a mistake.
- Similarly, the more you Practice on the cuet Previous Year Papers, the more accurate you will be, which in the long run will lead you to secure a high score in the test.
GATE Economics (Code -C1) Latest Syllabus 2024-
| Units | Subjects / Topic Name |
| Chapter -1 : Micro Economics | Theory of Consumer Behaviour: Cardinal Approach and Ordinal Approach; Consumer Preferences; Nature of the utility function; Marshallian and Hicksian demand functions; Duality Theorem. Slutsky equation and Comparative Statics. Homogeneous and Homothetic Utility Functions; Euler’s Theorem. The Theory of Revealed Preference: Weak Axiom of Revealed Preference and Strong Axiom of Revealed Preference, Theory of Production and Costs: Short-run and Long-run Analysis, Existence, Uniqueness and Stability of Market Equilibrium: Walrasian and Marshallian Stability Analysis. The Cobweb Model, Decision making under uncertainty and risk. Asymmetric Information: Adverse Selection and Moral Hazard. Theory of Agency costs. The Theory of Search, Non-Cooperative games: Constant sum game, Mixed Strategy & Pure Strategy, Bayesian Nash Equilibrium, SPNE, Perfect Bayesian Equilibria., Theory of Firm: Market Structures — Competitive and Non-competitive equilibria and their efficiency properties. Structure-Conduct-Performance Paradigm, Factor Pricing: Marginal productivity Theory of Distribution in Perfectly Competitive markets; Theory of Employment in Imperfectly Competitive Markets — Monopolistic Exploitation, General Equilibrium Analysis. Welfare Economics: Fundamental Theorems, Social Welfare Function. Efficiency Criteria: Pareto-Optimality. |
| Chapter 2: Macro Economics | National Income Accounting: Closed Economy Concepts and Measurement and Open Economy Issues, Determination of output and employment: Classical & Keynesian Framework, Theories of Consumption: Absolute Income Hypothesis, Relative Income Hypothesis, Life Cycle Hypothesis, Permanent Income Hypothesis and Robert Hall’s Random Walk Model; Investment Function Specifications – Dale Jorgenson’s Neoclassical Theory of Capital Accumulation and Tobin’s, Keynesian Stabilization Policies, (Autonomous) Multipliers and Investment Accelerator, Demand and Supply of Money, Components of Money Supply, Liquidity Preference and Liquidity Trap, Money Multiplier, Interest Rate determination, Central Banking, Objectives, Instruments (Direct and Indirect) of Monetary Policy, Prudential Regulation, Quantitative Easing (Unconventional Monetary Policy), Commercial Banking, Non-Banking Financial Institutions, Capital Market and its Regulation, Theories of Inflation and Expectations Augmented Phillips Curve, Real Business Cycles, Adaptive Expectations Hypothesis, Rational Expectation Hypothesis and its critique. Closed Economy IS – LM Model and Mundell Fleming Model: Monetary and Fiscal Policy Efficacy. The Impossible Trinity. |
| Chapter- 3 : Statistics, Econometrics and Mathematical Economics: | Probability Theory: Concepts of probability, Probability Distributions [Discrete and Continuous], Central Limit Theorem, Index Numbers and Construction of Price Indices, Sampling Methods & Sampling Distribution, Statistical Inferences, Hypothesis Testing, Linear Regression Models and the Gauss Markov Theorem, Heteroscedasticity, Multicollinearity and Autocorrelation, Spurious regressions and Unit roots, Simultaneous Equation Models – recursive and non-recursive. Identification Problem, Differential Calculus and its Applications, Linear Algebra – Matrices, Applications of Cramer’s Rule, Static Optimization Problems and Applications, Input-Output Model, Linear Programming, Difference equations and Differential equations with applications |
| Chapters-4 : International Economics | Theories of International Trade, International Trade under Imperfect Competition, Gains from Trade, Terms of Trade, Trade Multiplier, Tariff and Non-Tariff barriers to trade; Dumping and Anti-Dumping Policies, GATT, WTO and Regional Trade Blocks; Trade Policy Issues, Balance of Payments: Composition, XH: Humanities and Social Sciences Equilibrium and Disequilibrium and Adjustment Mechanisms, Foreign Exchange Market and Arbitrage, Exchange rate determination, IMF & World Bank. |
| Chapters-5 : Public Economics | Public Economics: Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality, Regulation of Market – Collusion and Consumers’ Welfare, Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation, Public expenditure, Public Debt and its management, Public Budget and Budget Multiplier, Tax Incidence, Fiscal Policy and its implications, Environment as a Public Good, Market Failure and Coase Theorem, Cost-Benefit Analysis. |
| Chapters-6 : Development Economics | Development Economics: Theories of Economic Development: Adam Smith, David Ricardo, Karl Marx, J. Schumpeter, W. Rostow, Balanced & Unbalanced Growth, Big Push Approach, Indicators of Economic Development: HDI, SDGs, MDGs, Poverty and Inequalities – Concepts and Measurement Issues, Social Sector Development: Health, Education, Gender, Fertility, Morbidity, Mortality, Migration, Child Labor, Age Structure, Demographic Dividend, Models of Economic Growth: Harrod-Domar, Solow, Ramsey, Technical progress – Disembodied & Embodied, Endogenous Growth Models. |
| Chapters -7 : Indian Economy | Economic Growth in India: Pattern and Structure, Agriculture, Industry & Services Sector: Pattern & Structure of Growth, Major Challenges, Policy Responses, Rural & Urban Development – Issues, Challenges & Policy Responses, Flow of Foreign Capital, Trade Policies, Infrastructure Development: Physical and Social; Public-Private Partnerships, Reforms in Land, Labour and Capital Markets, Poverty, Inequality & Unemployment, Functioning of Monetary Policy in India, Fiscal Policy in the Indian context: Structure of Receipts and Expenditure, Tax reforms-Goods and Services Tax, Issues of Growth and Equity, Fiscal Federalism, Centre-State Financial Relations and Finance Commissions of India; Sustainability of Deficits and Debt, The Fiscal Responsibility and Budget Management Act 2003, Demonetization and aftermath. India’s balance of payments, Composition of India’s Trade, Competitiveness of India’s exports, India’s exchange rate policy. |
GATE Economics Cut -off 2023 Exam –
Here are Cut -off Marks & Highest Marks out of 100 GATE Exam 2023
| GATE Paper Code | Highest Score | Highest Marks (out of 100) | Cut-off Marks (out of 100) |
| XH-C1 (Economics) | 1000 | 62.67 | 29.4 |
| XH-C2 (English) | 986 | 77.67 | 41.7 |
| XH-C3 (Linguistics) | 1000 | 65.67 | 35.3 |
| XH-C4 (Philosophy) | 1000 | 71 | 37.9 |
| XH-C5 (Psychology) | 1000 | 77.33 | 48.5 |
| XH-C6 (Sociology) | 1000 | 66 | 34.3 |
GATE Economics[Humanities & Social Science] Study Tips How to Crack in First Attempt –
You Just Have to Fellow These Simple Steps to Crack GATE Economics Exam –
- Allot 120 day for preparation of Economics Subjects.
- According to this timetable, divide each topic week wise.
- Look at the syllabus for Economics – GATE
- Check out the Best Study Notes available at Diwakar Education Hub
- During preparation time, make summary notes for each and every topic
- don՚t waste time to deciding which topic is most important and which is not, give equal attention to each topic
- If possible Make List of week with topic you allotted and one extra column which is about you successfully completed this topic or not, Because it will helps you later when you revise syllabus (it՚s silly but try it)
- Do not depends on just one material try to get more and more information from different books, Wikipedia , various blogs and websites and video tutorials.
Step 2: Solve Previous Year Paper
- After the completion of preparation it՚s not over here, it՚s just first step. Next step is evaluation of your preparation which is done by solving previous year papers.
- Spend at list one week time for this paper solving section, because you will get better idea about your preparation week area and paper pattern.
Step 3: Revision
- After gathering your weakness next step is revision.
- Same as above allot at list 1 to 2 weeks for revision and in this days go through all the notes which you prepare and week topics gathered in paper solving.
- Also check reviews for each topic you have made and study according to that.
GATE Economics Four-Month Preparation Plan 2024
GATE 2024 will be conducted in February. This gives you 4 months to prepare for the examination. Now we are fully aware of the fact that a single time-table cannot suit everyone’s preference. So, being mindful of that, we have prepared you a standard plan which you can modify as per your Schedule and daily schedule.
| Preparation Time | 4 Months (16 Weeks) |
| Total Chapters/ Topics to Prepare | 7 |
| Total Sub-Topics | Over 60 |
| Studying Hours Per Day | 4 – 5 Hours |
| Number of Days Required to Prepare Each Chapter | 12 Days |
| Number of Chapters Completed in a Month | 2 Chapters |
| Break Days or Extra Days Each Month | 2 – 3 Days* |
| Time Taken to Complete Entire Syllabus | 3 Months |
| Remaining Time | One Month |
| Days to Solve Sample Papers/ Model Papers/ Mock Tests | 20 Days |
| Days Left for Final Revision | 10 Days |
Frequently Asked Question GATE Economics Question Paper
Q1. What is the GATE Cut Off for Economics 2023 ?
Ans – Here are Cut -off Marks & Highest Marks out of 100 GATE Exam 2023
| XH-C1 (Economics) | 1000 | 62.67 | 29.4 |
| XH-C2 (English) | 986 | 77.67 | 41.7 |
| XH-C3 (Linguistics) | 1000 | 65.67 | 35.3 |
| XH-C4 (Philosophy) | 1000 | 71 | 37.9 |
| XH-C5 (Psychology) | 1000 | 77.33 | 48.5 |
| XH-C6 (Sociology) | 1000 | 66 | 34.3 |
Question -2 Are candidates allowed to use a physical calculator to solve long and complex calculations asked in GATE Question Paper?
Ans. All the candidates are provided with an online virtual scientific calculator to be used to answer the questions. However, it is important to understand that this virtual calculator would be available to use only in the selected questions and not in all the questions. This virtual calculator has the same capability as a scientific calculator
Question -3: Is there any eligibility criteria regarding the nationality of a candidate?
Ans: No, candidates from India as well as other countries can apply for GATE 2024.
Question-4 Are questions repeated in GATE Economics ?
Ans- As per UGC NET’s previous year paper analysis, the same questions are not repeated in the exam but the pattern of some questions may be the same as the previous paper.
Question -5 Is the GATE Economics exam difficult?
Ans- If you follow the correct GATE preparation tips then nothing is difficult. You should make a proper study plan which includes a complete syllabus, previous paper, mock test paper, etc.
Question -6 What are the benefits Of Solving GATE Economics Previous Years Question Papers?
Ans- Check out the benefits of solving GATE Previous Years Question Papers from the above article.
Question -7 Why is the GATE Economics Previous Years Question Papers important?
Ans– GATE Economics Previous Years Question Papers are important because it will give you a basic idea about the exam.
Where can I get UGC NET English Literature Previous Years Question Papers for all subjects in PDF?
Ans- You can get UGC NET Previous Years Question Papers for all subjects in PDF format from the table mentioned in the above article
