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You can apply for either one or two papers in IIT JAM Exam. But, the test schedule of conducting these two papers should not be the same.
No IIT JAM Exam is conducted in only English medium
No, there are many colleges which conduct their own entrance tests for MSc courses. But to get admission in IITs, you must qualify for IIT JAM Exam.
No, both exam are different from each other. IIT JAM is conducted for science graduates who want to study in IITs for MSc courses. On the other hand,IIT JEE is conducted for 12th passed candidates who are interested to seek admission for BE/BTech/Integrated MTech in IITs.