IIT JAM Economics · Statistics for Economics

Probability Theory

Practise probability theory with MCQ, MSQ and numerical-answer questions, then review the worked solutions.

12 questions
20 marks
36 minutes
Negative marking for MCQs only

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How to use this resource

Take this 36-minute test, then check your score and the explanations.

≈7.5%Estimated weightage
in Economics paper

Why practise this?

The highest-weight topic across the 2021–2026 papers.

How we calculated the weightage

45 of 600 marks across the 2021–2026 Economics papers, using each question’s primary topic once. Historical share, not a prediction of the next paper.

Before you start

Each question shows its marks. Wrong MCQs lose one-third of their marks. MSQs and NATs have no negative marking; MSQs need all correct options and no others. For online tests, the timer keeps running if you leave or close the tab. Your answers are saved only in this browser.

About the questions

Selected from the reviewed IIT JAM question bank. Includes previous-year and original practice questions.

Test version v-609ead53e39af7f9 · 8/11/2026

Subject coverage

Statistics for Economics: 12 questions

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