Jammu University NON CBCS Economics 2nd Semester Previous Year Question Paper PDF
Economics under the NON CBCS system at Jammu University provides a comprehensive understanding of microeconomic and macroeconomic principles. The 2nd Semester focuses on statistical methods, Indian economy, monetary theory, and public finance, equipping students with analytical tools to understand economic phenomena and policy implications.
Section A consists of 10 short-answer questions (1 mark each) testing basic concepts, definitions, and fundamental economic principles.
Section B requires detailed explanations (6 marks each) covering topics like demand analysis, statistical methods, monetary policy, and fiscal instruments.
Section C features comprehensive analytical questions (15 marks each) demanding application of economic theories to real-world scenarios, data interpretation, and policy analysis.
The examination emphasizes both theoretical understanding and quantitative application. Students are expected to demonstrate proficiency in statistical calculations, diagrammatic analysis, economic reasoning, and policy evaluation. Numerical problems, graphical representations, and case studies are integral components of the assessment.
Key areas of focus include elasticity concepts, measures of central tendency and dispersion, RBI's monetary tools, union budget analysis, and India's economic planning. The paper tests both conceptual clarity and problem-solving abilities in economic contexts.
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File Size: 3.8 MB | Format: PDF | Includes: 2015-2023 Papers + Statistical Problems + Model Answers
📊 Course Structure & Syllabus Breakdown
📋 Course Overview
- Program: B.A. Economics (NON CBCS)
- Semester: 2nd
- University: University of Jammu
- Course Code: ECO-102 / ECO-202
- Total Marks: 100 (Theory: 80, Internal: 20)
- Duration: 3 Hours
- Nature: Core Social Science Course
📖 Unit-wise Syllabus
| Unit | Topics & Content | Marks |
|---|---|---|
| Unit I | Microeconomic Analysis: Theory of demand and supply, Elasticity concepts, Consumer behavior: Cardinal and ordinal approaches, Indifference curve analysis, Production function, Law of variable proportions, Cost concepts | 25 |
| Unit II | Statistics for Economics: Collection and presentation of data, Measures of central tendency: mean, median, mode, Measures of dispersion: range, quartile deviation, mean deviation, standard deviation, Correlation and regression, Index numbers | 20 |
| Unit III | Money & Banking: Functions of money, Quantity theory of money, Commercial banks: functions and credit creation, Central banking: functions of RBI, Monetary policy instruments, Inflation: types, causes and control | 20 |
| Unit IV | Public Finance & Indian Economy: Public revenue: tax and non-tax, Public expenditure, Budget: types and components, Fiscal policy, Indian economic planning: objectives and achievements, Major economic issues in India | 15 |
📊 Examination Pattern
Theory Paper (80 marks)
- Section A: 10 short questions × 1 mark = 10
- Section B: 5 out of 7 questions × 6 marks = 30
- Section C: 4 out of 6 questions × 10 marks = 40
Internal Assessment (20 marks)
- Assignment/Project = 10
- Class Test = 5
- Seminar/Presentation = 5
📈 Statistical Formulas & Concepts
Measures of Central Tendency
- Mean: ΣX/N (ungrouped), Σfm/Σf (grouped)
- Median: L + [(N/2 - cf)/f] × h
- Mode: L + [(f₁ - f₀)/(2f₁ - f₀ - f₂)] × h
- Geometric Mean: Antilog(ΣlogX/N)
Measures of Dispersion
- Standard Deviation: √[Σ(X - X̄)²/N]
- Variance: σ² = Σ(X - X̄)²/N
- Coefficient of Variation: (σ/X̄) × 100
- Quartile Deviation: (Q₃ - Q₁)/2
Important Economic Indicators: GDP Growth Rate, Inflation Rate (CPI, WPI), Unemployment Rate, Fiscal Deficit, Current Account Deficit, Foreign Exchange Reserves
💡 Major Economic Theories & Concepts
Demand Analysis
Law of demand, Elasticity, Consumer surplus, Indifference curves
Production Theory
Production function, Returns to scale, Cost curves, Revenue concepts
Monetary Theory
Quantity theory, Credit creation, Monetary policy, Inflation control
Public Finance
Taxation principles, Public expenditure, Fiscal policy, Budget deficit
📊 Key Economic Indicators & Statistics
National Income
GDP, GNP, NNP, Per capita income, Growth rates
Price Indices
CPI, WPI, Inflation rate, Deflation, Stagflation
Fiscal Indicators
Fiscal deficit, Revenue deficit, Primary deficit, Debt-GDP ratio
External Sector
Balance of payments, Current account, Forex reserves, Exchange rate
💼 Career Opportunities in Economics
Economics graduates have diverse career options in government, private sector, and academia:
🏛️ Important Economic Institutions & Bodies
- Reserve Bank of India (RBI): Central banking institution
- NITI Aayog: Policy think tank replacing Planning Commission
- Securities and Exchange Board of India (SEBI): Capital market regulator
- Ministry of Finance: Union budget formulation
- World Bank & IMF: International financial institutions
- Statistics Departments: NSO, CSO for economic data
📌 Important Examination Notes
- Numerical problems carry 30-40% weightage - practice regularly
- Diagrams must be neatly drawn with proper labeling and explanation
- Current economic data (last 2 years) should be incorporated in answers
- Case study questions require application of multiple economic concepts
- Policy questions should include both theoretical basis and practical implications
- Minimum passing marks: 36% in theory and 40% in aggregate
- Statistical calculations must show step-by-step working
📰 Current Economic Issues for Exam
- Inflation trends and RBI's monetary policy response
- Fiscal consolidation and union budget analysis
- Unemployment and employment generation schemes
- Digital economy and fintech developments
- Sustainable development and green economy
- Global economic slowdown impact on India
- Agriculture reforms and farmer issues
💡 Pro Tip: Combine theoretical knowledge with current economic developments. Regularly read Economic Survey, RBI reports, and business newspapers. Practice numerical problems daily and create formula sheets. Focus on diagram-based questions as they are scoring and demonstrate conceptual clarity.