B.A

According to me, if you are an arts student then go for BA and if you are a commerce student then go for B.Com. Apart from this there are lots of options like BBA, BCA and different vocational course.

Dear,
There is no comparison of the two fields because both having different market demand and challenges.
If you want to work in a bank or financial institution, opt for MBA after completing BA (Hons) in economics.
Following are the good colleges for pursuing MBA:
1. ISB, Hyderabad
2. Narsee Monjee, Mumbai

Can I know about your field of interest? I would be hard to suggest you a course without knowing your interest.

A lot of jobs are waiting for you. You can apply for the graduate level competition tests conducted by SSC, UPSC, etc. Graduation with 50% marks is the qualification required for civil services. Being a graduate, you are eligible for PO positions in banks. Also, graduates are considered for various positions under state government and these days computer diploma is useful to teach too.

You can pursue BA through distance or correspondence in which you have to take leaves only during exams which are conducted either yearly or in six months duration. In this way you can complete BA also and you need not to take leaves regularly.

You should just start preparation for UPSC. This will give you respect and responsibilities.

MBA can be pursued only after the completion of graduation. Since, you have economics as a specialisation in BA you could pursue MBA (finance). In case you don't intend to pursue your career in finance then MBA in HR / marketing/operations/etc. could also be explored keeping in mind your interest areas.

Yes, CLAT is open for all graduates. Kindly prepare well to qualify it.