Economics is one of the important topics that belong to 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 questions of economics for SSC CGL exam 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 for SSC CGL: 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.
| Click For Mock Test – > | SSC CGL Free Full-Length Mock Test |
| Click For SSC CA – > | SSC CGL Free Weekly Current Affairs Tests |
| Click For Quant – > | Quantitative Aptitude Free Topic Tests |
| Click For Reasoning – > | General Reasoning Free Topic Tests |
| Click For English – > | English Comprehension Free Topic Tests |
| Click For SSC GA – > | General Awareness Free Topic Tests |
| Click For PYQs – > | Free SSC CGL Previous Year Question Papers |
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.
Important Topics of Economics are 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, etc.
Questions of Economics for SSC CGL, 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 or 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 or 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 or 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 or 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 or 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 or 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 or 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 or 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 or 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 or 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 Economics for SSC CGL 2025 Exam?
Below we have provided some preparation tips for economics for SSC CGL exam. Follow these tips so that you become able to increase your preparation level.
- Know Syllabus in Detail: Economics is itself a subject that contains so many topics. For preparation for economics, you must be aware of that 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 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 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 by which you can prepare for the exam accordingly.
Join our exclusive Telegram group for expert guidance, personalized tips, and real-time solutions to boost your SSC exam prep. [Click here to join now!]
| Other Blogs of SSC CGL 2025 | |
| SSC CGL Notification | SSC CGL Syllabus |
| SSC CGL Study Plan | SSC CGL Exam Pattern |
| SSC CGL Cut Off | SSC CGL Preparation Strategy |
| SSC CGL Previous Year Question Papers | |
Economics for SSC CGL FAQs
You can get the questions on economics for SSC CGL exam in this blog.
Important topics include Basic Concepts, Indian Economy, RBI, Money & Banking, Financial Markets, Inflation, Taxation, Unemployment, Poverty, National Income, and International Organizations.
You can expect at least 2-3 questions from Economics in the General Awareness section of SSC CGL Tier 1.
Make short notes, focus on key concepts and data, and regularly revise these notes to retain important information.
- Sign Up on Practicemock for Updated Current Affairs, Free Topic Tests and Free Mini Mocks
- Sign Up Here to Download Free Study Material
Free Mock Tests for the Upcoming Exams
- IBPS PO Free Mock Test
- RBI Grade B Free Mock Test
- IBPS SO Free Mock Test
- NABARD Grade A Free Mock Test
- SSC CGL Free Mock Test
- IBPS Clerk Free Mock Test
- IBPS RRB PO Free Mock Test
- IBPS RRB Clerk Free Mock Test
- RRB NTPC Free Mock Test
- SSC MTS Free Mock Test
- SSC Strenographer Free Mock Test
- GATE Mechanical Free Mock Test
- GATE Civil Free Mock Test
- RRB ALP Free Mock Test
- SSC CPO Free Mock Test
- AFCAT Free Mock Test
- SEBI Grade A Free Mock Test
- IFSCA Grade A Free Mock Test
- RRB JE Free Mock Test
- Free Banking Live Test
- Free SSC Live Test