Economics SSC CGL Questions, Free Topic-wise Test, Download PDF

Economics is an important topic in the general awareness section of the SSC CGL exam. Preparation of economics for SSC CGL 2025 exam can be good if you learn from previous year question papers. You can expect at least 2-3 questions from economics for SSC CGL tier 1 exam. This blog has provided the economics SSC CGL questions that match the level of questions asked in the exam in a PDF format. You can download the PDF for free, and along with that, we have provided free topic-wise tests, a complete mock test, and preparation tips for economics for SSC CGL exam.

Economics SSC CGL Questions: Topic-wise and Complete Preparation

The SSC CGL Tier 1 exam consists of four sections: Quantitative Aptitude, General Intelligence and Reasoning, English Language, and General Awareness. Solving the topic tests of each section is very important if you want to get in-depth knowledge of the individual topic. Below, we have provided the topic tests for each section, including quizzes for current affairs, previous year question papers, and full-length mock tests.

Economics for SSC CGL

Economics is the study of how people make choices when goods are limited or we can say it is a study of how resources are produced, distributed, and consumed.

SSC CGL Economics Syllabus

• Basic Concepts & Terminologies
• Indian Economy
  • 5 Year Plan
  • Agriculture
  • Industry
• Budget
• RBI
• Money & Banking-
  • Banking Acts
  • Banking Committees
  • Banking Reforms
  • Negotiable Instruments
• Financial Markets
• Inflation & Taxation
• Unemployment & Poverty
• International Organizations
• National Income
• Insurance
• Miscellaneous

Economics SSC CGL Questions, Download Free PDF

Below, we have provided the questions on economics for SSC CGL exam. These questions were asked in the previous year’s question papers. By preparing these questions, you will be able to determine the type of economics questions asked in the exam.

Economics SSC CGL Question 1
If there is a lack of money supply in comparison to the supply of goods and services, then the possible consequence would be ______.
(a) Hyperinflation
(b) Deflation
(c) Devaluation
(d) Inflation

Economics SSC CGL Question 2
A sustained rise in the general price level in an economy is called _____.
(a) Disinflation
(b) Deflation
(c) Inflation
(d) Stagflation

Economics SSC CGL Question 3
Minimum Support Price (MSP) is recommended by _____.
(a) The Commission for Weights and Measures
(b) The Food Safety and Standards Authority of India
(c) The Farmers’ Welfare Society
(d) The Commission for Agricultural Costs and Prices

Economics SSC CGL Question 4
A _____ occurs when a government’s total expenditures exceed the revenue that it generates, excluding money from borrowings.
(a) Current Account Deficit
(b) Budgetary Deficit
(c) Revenue Deficit
(d) Fiscal Deficit

Economics SSC CGL Question 5
What does the Lorenz Curve indicate?
(a) Relationship between the price of a certain commodity and its demand
(b) Income distribution
(c) Rate of employment
(d) Taxable income elasticity

Economics SSC CGL Question 6
A situation where the expenditure of the government exceeds its revenue is called ____.
(a) Default Financing
(b) Deficit Revenue
(c) Budget Deficit
(d) Default Revenue

Economics SSC CGL Question 7
An economic condition when there is one buyer and many sellers is called ____.
(a) Oligopoly
(b) Monopoly
(c) Perfect Competition
(d) Monopsony

Economics SSC CGL Question 8
What is the name given to the graph that shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level in economic terms?
(a) Demand Curve
(b) Isocost Line
(c) Supply Curve
(d) Budget Line

Economics SSC CGL Question 9
In economic terms what do we mean by ‘intermediate goods’?
(a) Goods sold between industries for the resale or production of other goods
(b) Goods in transit before reaching the consumers
(c) Price of goods without GST
(d) Fixed assets used by manufacturers

Economics SSC CGL Question 10
The demand for a commodity or service which is a consequence of the demand for something else is called _____.
(a) Income Demand
(b) Direct Demand
(c) Composite Demand
(d) Derived Demand

Take the Test of Economics for SSC CGL 2025 Exam

Above, we have provided the questions and answers in PDF format that you can download for free. The motive of those questions is to increase your knowledge and preparation for the exam. The SSC CGL is a time-bounded exam, if you want to attempt the exam effectively, then you should practice under time conditions. Below, we have provided the free topic-wise quizzes for general awareness.

How to Prepare for Economics SSC CGL Questions?

Below, we have provided some preparation tips for economics SSC CGL questions. Follow these tips so that you become able to increase your preparation level.

• Know the Syllabus in Detail: Economics is itself a subject that contains so many topics. For preparation for economics, you must be aware of the syllabus first so that you can start your preparation in the right direction. A detailed syllabus of economics for SSC CGL is provided in this blog.
• Go through NCERT Books: For economics preparation, you must know the basics first. For basic concepts, refer to the NCERT books for classes 11 and 12. These books are the best resources for building a strong foundation in Economics.
• Focus on Current Affairs: You are advised to stay updated with current affairs related to economics. It can include the latest economic developments, government policies, and reports like the Economic Survey and the Union Budget.
• Make Short Notes: Revision is mandatory for such subjects, and you should prepare concise and clear notes for quick revision. This helps in revising important concepts, data, and statistics from time to time. Also, it will help you during the last days of the exam.
• Learn From PYQs: The economics syllabus is vast, and preparation can take very much time. Going through previous year questions can help you know the types of questions asked in the exam and the level of questions that you can prepare for the exam accordingly.

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