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Admission requirements for MA Economics vary by university, but generally speaking, 60–80% of seats are set aside for general or merit-based applicants based on their academic standing or entrance exams. The remaining 20–40% are management quota seats, which are assigned by universities at their own discretion and frequently at a higher cost. For instance, of a college's 100 seats, roughly 60–80 are merit seats and 20–40 are management seats. State laws and the institution's policies determine the precise percentages. For exact information on seat distribution and management quotas, it is best to consult the admission brochure for the particular university.
https://www.lpu.in/programmes/ma-masters-in-economics