GATE 2024 Economics (XH C1) Question Paper PDF Download

GATE 2024 Economics (XH C1) Question Paper PDF Download

If you are preparing for the Humanities and Social Sciences stream, practicing with actual exam papers is your most reliable preparation strategy. On this page, you can download the official GATE 2024 Economics question paper PDF. Organized by IISc Bangalore, this paper reflects the challenging mathematical and theoretical standards of the GATE examination. Solving this paper provides you with a clear understanding of the exam pattern, the analytical nature of the questions, and the time management skills required to succeed.

Why You Need to Solve the 2024 Economics Paper

Practicing with the GATE 2024 paper places you in the exact environment of the real exam. When you sit down with this document, you face the same standard of questions that candidates encountered on the actual exam day.

Economics in GATE tests your mathematical rigor and theoretical clarity. This paper shows you how to handle questions that demand critical analysis and precise mathematical application. Practicing this paper helps you identify which theoretical topics examiners emphasized. This allows you to refine your study plan for your own preparation. IISc Bangalore is known for framing questions that require a strong grasp of the concepts, making this paper an excellent tool for your revision.

GATE Economics Exam Pattern and Syllabus

Before you start solving the paper, understand the structure. The GATE Economics paper is part of the Humanities and Social Sciences group.

• General Aptitude: 15 Marks (Mandatory for all)
• Reasoning and Comprehension: 25 Marks (Mandatory for XH candidates)
• Economics Core: 60 Marks (Optional Core Subject)
• Total: 100 Marks

You will have exactly 3 hours to complete the paper. The Economics section tests your knowledge across several major domains. These include Microeconomics, Macroeconomics, Statistics, Econometrics, Mathematical Economics, International Economics, Public Economics, Development Economics, and the Indian Economy.

For Microeconomics, focus on consumer behavior, market structures, and game theory. For Macroeconomics, ensure you understand the IS LM model, growth theories, and inflation dynamics. Econometrics often challenges students, so practice ordinary least squares, probability distributions, and hypothesis testing thoroughly. You must also study the latest data regarding the Indian Economy, including recent fiscal policies and poverty indices.

Understanding the Question Types

The GATE 2024 Economics paper utilizes three distinct types of questions. Your strategy should shift based on these formats.

• Multiple Choice Questions: These feature four options with only one correct answer. Negative marking applies here. A 1 mark question deducts 0.33 marks, and a 2 mark question deducts 0.66 marks for wrong answers. Precision is key.
• Multiple Select Questions: These have four options where one or more can be correct. You must select all correct options to earn full marks. There is no negative marking, but there is no partial credit either. This makes them high stakes questions.
• Numerical Answer Type: These require you to input a specific value using a virtual keyboard. Economics papers feature heavy calculations in econometrics, mathematical economics, and macroeconomics. These questions test your ability to calculate variables accurately without relying on options.

How to Incorporate this Paper into Your Study Plan

Do not attempt this paper as your first step. Use it as a progress test.

Start by studying the core syllabus. Complete your notes on economic models, econometric formulas, and statistical methods. Once you cover at least 75 percent of the syllabus, attempt this 2024 paper in a single sitting. This method gives you a realistic measure of your preparation and exposes gaps in your conceptual understanding. It forces you to switch rapidly between analytical reasoning and mathematical problem solving.

How to Analyze Your Performance

Do not just read the question paper. To get an accurate measure of your skills, test yourself under strict conditions.

First, set a timer for three hours. Sit at a desk without any study materials. Attempt the paper exactly like a real exam. Use the official on screen virtual calculator for your math. Once time is up, review your answers using the official answer key.

For every mistake, perform a strict review. Did you misinterpret the macroeconomic theory? Was it a calculation error in a statistics problem? Did you fail to identify all correct options in a Multiple Select Question? Write down the reason for each error in a dedicated notebook. Fix these specific problems before your next mock test. For example, if you miss an econometrics question because you forgot the formula for the variance of an estimator, write that formula out ten times and solve three similar problems immediately.

Common Mistakes to Avoid

Based on recent exam trends, candidates often make predictable errors.

• Ignoring Aptitude: Many economics students focus exclusively on core subjects and neglect the 40 marks allocated to Aptitude and Reasoning. These 40 marks are vital for securing a high rank.
• Fumbling with the Virtual Calculator: The Numerical Answer Type questions require fast, accurate use of the GATE virtual calculator. Practice with it beforehand so you do not lose time during the exam.
• Guessing on Multiple Select Questions: Because these have no negative marking, students often answer them carelessly. Treat these questions as opportunities to gain full marks by applying strong theoretical logic.