UGC NET Economics Exam 2023: NTA provides opportunities to make a career in economics through UGC NET Economics Exam.
It gives job options for the profile of Assistant Professor and JRF (Junior Research Fellowship) in various reputed universities and institutions.
The subject code for Economics is 01. It comprises two online papers namely Paper-I & Paper-II with Multiple Choice Questions (MCQ)s.
If you want to start your career as a JRF or Assistant Professor, you should go for the UGC NET 2023 Exam.
In this article, you will get a detailed guide on UGC NET Economics Exam 2023. And, also detailed Syllabus, Study Material, & Preparation Tips to crack the exam.
Why Choose UGC NET Economics?
Qualifying for the UGC-NET exam opens up several career opportunities. It provides you with numerous job opportunities in the field of teaching and research.
Apart from these two career options, you can also get a job in PSUs which considers the UGC-NET exam score to hire for certain posts.
The following list will help you know the amazing career scopes available after clearing UGC NET Economics Exam.
- Govt. and private institution lecturer
- Doctor of Philosophy in economics
- Economist or finance employee in PSUs
- Trainer to economics students
- Economics books author and editor
- Career consultant
- A statistician in prestigious private & government organizations
- Project Associate, Project Fellow, Research Fellow, Project Assistant in Economics
- Economist in Agriculture, Finance, Labour, Business, Research, and International Fields
UGC NET Economics Eligibility Criteria 2023
You must check the UGC NET Eligibility Criteria for Economics before filling out the online Application Form.
You should meet all essential criteria as mentioned in Educational Qualification & Age Limit.
Educational Qualification for NET Economics Exam 2023
- You have to complete Post-Graduation in Economics or another equivalent subject.
- If you are belonging to General Category, then you have to secure 55% in Economics or an equivalent subject, and for ST/SC/OBC/PWD/Transgenders, the percentage criteria are 50%.
NET Economics Exam Age Limit 2023
- For JRF: 30 Years for the General Category & Up to 5 Years of Age Relaxation in Other Categories.
- For Lectureship: No Upper Age Limit for NET Exam 2023 Economics Lectureship.
UGC NET Economics Syllabus 2023
NET Economics Syllabus lets you know about the topics covered in the exam. You should know that the Economics exam is divided into two parts, i.e., UGC NET Paper 1 & Paper 2.
UGC NET Paper 1 syllabus is common for all candidates, but paper 2 is based on Economics.
- Paper-I Syllabus covers teaching and reasoning ability, research aptitude, comprehension, divergent thinking, and general awareness.
- Paper-II Syllabus is based on Economics subject. It tests your depth of knowledge and expertise in the respective subject.
For your upcoming exam, you must go through the UGC NET Syllabus for Economics. So don’t miss out on anything.
UGC NET Economics Syllabus for Paper 1
Here is the Economics Exam Syllabus for Paper 1-
|Unit 1||Teaching Aptitude|
|Unit 2||Research Aptitude|
|Unit 3||Reading Comprehension|
|Unit 5||Reasoning (including Maths)|
|Unit 6||Logical Reasoning|
|Unit 7||Data Interpretation|
|Unit 8||Information & Communication Technology (ICT)|
|Unit 9||People & Environment|
Higher Education System: Governance, Polity & Administration
UGC NET Economics Syllabus for Paper 2
The University Grants Commission (UGC) NET revised its syllabus for UGC NET in Economics in June 2019 and the same syllabus will be applicable for the upcoming UGC NET / JRF and SET or SLET examination.
The details of the syllabus of Paper 2 can be downloaded in pdf format from the following link:
UGC NET Economics Exam Pattern 2023
UGC NET Exam is a computer-based test having multiple-choice questions. UGC NET Exam Pattern will consist of details related to the UGC NET 2023 Exam mode, the number of questions asked, sections, marking scheme, and more.
Check out the table below for a quick overview of the NTA NET Economics paper pattern:
|Particulars||UGC NET Paper-I Overview||
UGC NET Paper-II Overview
|Exam duration||3 hours (180 minutes)|
|Type of paper||Common for all candidates||Subject-specific questions|
|Type of questions||MCQs; 4 options with only 1 correct option||
MCQs; 4 options with only 1 correct option
|Marking scheme||2 marks for the correct answer
0 for an incorrect answer
2 marks for the correct answer
0 for an incorrect answer
|Language of paper||English and Hindi||English and Hindi|
UGC NET Economics Old Exam Pattern
You should know that till November 2017, UGC NET in Economics consists of three papers, i.e. paper-1, paper-2, and paper-3. Paper-1 was general and compulsory for all subjects, and paper-2 and paper-3 were based on Economics.
However, from June 2018, UGC NET in Economics consists of only two papers, i.e. paper-1 and paper-2 (merging the previous paper-2 and paper-3 into the current paper-2).
So, you are requested to go through the previous Paper 2 and Paper 3 to better prepare yourself for the current Paper 2 in Economics.
UGC NET examination in Economics was conducted by the University Grants Commission (UGC) till June 2014. From December 2014 to June 2018 UGC NET exam was conducted by the Central Board of Secondary Education (CBSE).
NTA started to conduct the exam from Dec. 2018 onwards.
UGC NET Economics Previous Year Question Papers With Solutions
When you practice Economics questions from past year question papers, you tend to get a fair idea of the questions asked in UGC NET, tricks involved, topic-wise marks distribution, etc.
Thus, question papers help you build confidence and help strategize to divide your time efficiently and enhance your performance.
Solving Economics question papers will familiarise you with the difficulty level of questions, types of questions, and common question topics. It will help you develop a plan for planning and practicing well.
Download the UGC NET Economics Question Papers PDF with answer key solutions here.
UGC NET Economics Answer Key
National Testing Agency (NTA) releases the Economics answer key 2023 online at ugcnet.nta.nic.in. You can also get the UGC NET Economics Answer key directly from below.
The conducting body first publishes the provisional answer key followed by the final answer key. You can also submit objections against the NET Economics 22 Official Answer Key. NET Economics result is prepared based on the final answer key.
Best Books For UGC NET Economics & Study Materials
It is important to start your Economics Exam preparation with high-quality UGC NET study materials. It will assist you in learning fundamental concepts easily and developing a depth base.
Selecting books with the latest edition can be beneficial as those UGC NET exam books will include the latest add-ons of the new topics which are added.
You should select those books that cover most of the topics or help you understand the syllabus easily and accurately will be called as best books for UGC NET preparation.
You can also refer to the UGC NET Books for Economics Exam from the below link:
UGC NET Economics Mock Test
Revision is the key to remembering all that you have studied. Mock tests help you revise the entire syllabus in the simulated setting of the actual exam. This way, you remember what you have learned and thus perform well on the final day.
UGC NET Forensic Science practice tests offer a good amount of practice, which helps you during the exam. Practicing mock tests increases the speed of problem-solving and helps you know in which subject you are weak.
Mock test papers help you to calculate how much time each topic will take in the exam. Accordingly, you can have an idea about the time you should allow for numerical as well as theory questions.
NTA UGC NET Economics Exam Cut Off Marks
NTA releases the UGC NET Economics Cut-Off marks after the declaration of results.
You have to obtain the minimum cut-off marks to get selected for the merit list. The merit list will be prepared category-wise and subject-wise for each subject.
Only the top 6% qualified candidates will be considered for the Junior Research Fellowship program.
Go through the UGC NET Cut off for Economics Paper 2020 from the table below (official) to get an idea for this year.
NTA UGC NET Economics Cut Off for Assistant Professor 2020 June
|Economics Cut Off for Assistant Professor 2020 June|
|Category||Cutoff Marks Percentage||Total|
NTA UGC NET Economics Cut Off for JRF & Assistant Professor 2020 June
|Economics Cut Off for JRF & Assistant Professor 2020 June|
|Category||Cutoff Marks Percentage||Total|
NTA UGC NET Economics Preparation Tips
You already know that when you are preparing for NET Economics Exams, it’s a milestone that needs to be achieved.
With a proper study plan and essential materials, you can score a better mark in the Economics Exam.
We are providing the complete UGC NET Preparation Tips below to enhance your UGC NET 2023 Exam preparation.
- Check NTA NET Economics syllabus & exam pattern.
- After knowing the complete details of the exam, you must create a personal study plan.
- You must have proper time management skills to complete the preparation of both NTA NET Economics Papers I and II.
- It is very important to revise topics regularly.
- Solving the previous year’s question papers builds confidence for the exam.
- Before you start your preparation, you must set a certain goal that will help you to stay motivated and focused.
We have covered the detailed guide on NTA UGC NET Economics Exam 2023. Feel free to ask us any questions in the comment section below.