Central University of Punjab conducts entrance exam for M.Phil-Ph.D (Development Economics) as objective based test. Questions will be asked from general science and economics. Verbal Ability, Reasoning, Cost-benefit analysis, Developmental Economics, Macro Economics, Monopolistic competition, etc are some of the topics covered for the entrance exam.

Exam Pattern for M.Phil-Ph.D (Development Economics) in Central University of Punjab

There will be two sections for the entrance examination, Section A and Section B. Section A comprises of 40 questions of objective model. Each correct answer carries one mark and there will be a reduction of ¼ marks from the total score for each wrong answer. Total duration for the test is 90 minutes. Section A covers questions on general mental ability, reasoning, interactive English, general science and current affairs. Detailed syllabus for Section A is as follows:

Syllabus for Section A

General Science

• Basic computer awareness and its uses
• Climate change
• Current events
• Elementary Computer Science
• Environmental awareness
• General appreciation and fundamentals of science
• General mental ability
• Knowledge of significant national and international events
• Pollution and its impacts
• Reasoning
• Reasoning and analytical abilities
• Sustainable development
• Antonyms
• Comprehension
• English Usage
• Error detection
• Grammar
• Idioms/phrases
• Interactive English
• One word substitute
• Sentence completion
• Synonyms
• Vocabulary
• Information and Communication Technology (ICT)
• Terminology and abbreviations used in ICT
• Applications of ICT in academics and research
• Research aptitude
• Meaning and types of research
• Bibliography
• Data collection
• Data processing
• End to end process of research
• Hypothesis
• Interpretation
• Interviewing
• Questionnaire
• Report writing
• Research proposal
• Sampling
• Synopsis
• Role and use of computers in research

Syllabus for Section B

Section B also covers multiple choice questions. There will be 60 questions based on the following topics.

• Arrow’s impossibility theorem
• Binomial distributions
• Classical and Keynesian models of income determination
• Cost and revenue
• Cost-benefit analysis
• Demand analysis
• Demand for money
• Developmental Economics
• Equilibrium in perfect competition
• Equilibrium in product and money markets
• Fiscal and financial sector reforms
• Foreign capital in India
• Globalization and Changing profile of public sector
• Growth models: Harrod-Domar, Solow, Meade, Joan Robinson
• Homogeneous functions and Euler’s Theorem
• Indian agriculture
• Indian Economic Development
• Issues in disinvestments
• Laws of probability and its theories
• Liberalization
• Macro Economics
• Macro theories of Distribution
• Mathematics and Statistics
• Micro Economics
• Money multiplier
• Monopolistic competition
• Monopoly
• New Economic policy:
• Normal distributions
• Oligopoly
• Pareto optimality and its conditions
• Partial and multiple correlation and regression
• Performance of industrial sector
• Performance of public expenditure
• Philips curve analysis
• Poisson distributions
• Privatization
• Problem of maxima and minima
• Production function approaches
• Public debt and public budget in India
• Public Finance and International Economics
• Recent Five Year plans
• Recommendations of the latest Finance Commission
• Rules of interpretation of partial derivatives
• Rules of partial differential
• Rural credit and marketing
• Shadow Prices
• Taxation and tax reforms in India
• Terms of trade between agriculture and industry
• Theories of income-consumption relationship
• Theories of international trade
• Theories of production
• Theory of Second Best
• Theory of tariffs and non-tariff barriers
• Total factor productivity
• Union-State financial relations in India

Master degree holders in economics or related subjects can apply for M.Phil-Ph.D (Development Economics). Admission is done on the basis of written exam and interview.