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SSC CGL Economics Questions 2026 (Indian Economy GK MCQ) — Free Chapter Wise Test in Hindi & English

Which tool of the RBI is the repo rate, how is GDP at factor cost different from GDP at market price, which Five-Year Plan followed the Mahalanobis model — SSC asks Economics as short questions on terms, institutions and dates, and the wrong options are always four rates, four committees or four plans that sound equally right. Practise 300 questions in 12 tests, from basic concepts and national income through agriculture, industry, taxation and banking to poverty, the external sector and international organisations. Every test is in English and Hindi, and every question has a 6–7 point solution that also covers the facts around it.

12 Tests 300 Questions 25 Questions per Test English & हिंदी

Economics Tests — Pick a Test and Start

Tap below to see all the tests. They follow the order of the chapter — basic concepts in Test 1, national income in Test 2, sustainable development in Test 3, agriculture in Test 4, industry in Test 5, services and indirect taxes in Test 6, public finance in Test 7, planning in Test 8, money and banking in Test 9, employment and welfare in Test 10, poverty and the external sector in Test 11, and international organisations and markets in Test 12 — so you can take them one after another or jump to the part you are revising. Choose English or हिंदी on any test.

Economics All Chapter Tests Checking… View tests

Set at real SSC CGL and CHSL level. Each test mixes the ways SSC asks Economics — direct one-line questions, statement questions, match the following, chronology and assertion–reason — and no fact is asked twice across the chapter.

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Economics in SSC is a terms-and-institutions chapter. The paper rarely asks you to work anything out; it asks what a term means, which body or committee did what, or when a policy or plan began. Repo rate, GDP deflator, fiscal deficit, MSP, NABARD, the 1991 reforms, SDRs — each is one line of theory turned into a question.

Marks are lost in three places. The first is look-alike terms: repo and bank rate, CRR and SLR, revenue, fiscal and primary deficit, GDP and GNP, factor cost and market price. The second is institutions and their heads: which body regulates what, which committee recommended what, and who chaired which Finance Commission. The third is plans and dates: the model and focus of each Five-Year Plan, bank nationalisation, the 1991 industrial policy and the change from Planning Commission to NITI Aayog. The tests here are built around exactly these three.

SSC CGL Previous Year Papers Free Online Test Attempt SSC CGL Mock Test 2026 Free

How Many Economics Questions Are Asked in SSC CGL?

Economics gives two or three of the 25 General Awareness questions in most SSC CGL Tier I shifts. CHSL, MTS and the Tier II General Awareness paper follow the same pattern. The topics below are the ones SSC returns to most often, roughly in order.

TopicHow oftenWhat is usually asked
Money, banking and the RBIVery frequentRepo, reverse repo, CRR, SLR and bank rate, money supply measures, bank nationalisation, NBFCs, inflation and price indices
National incomeVery frequentGDP, GNP, NDP and NNP, factor cost and market price, methods of measurement, base year, real and nominal GDP
Public finance and taxationFrequentTypes of deficit, direct and indirect taxes, GST, Finance Commission, FRBM Act, types of taxation
Planning and basic conceptsFrequentFive-Year Plans and their models, NITI Aayog, economic systems, micro and macro, books and economists
Agriculture and industryRegularGreen Revolution, MSP, NABARD, land reforms, industrial policy of 1991, Navratna and Maharatna CPSEs
Poverty, employment and the external sectorRegularPoverty lines and committees, types of unemployment, balance of payments, exchange rates, IMF, World Bank, WTO and BRICS

The latest Union Budget and Economic Survey figures change every year, so they are asked as current affairs. These tests keep to the static part of the chapter, which stays the same from one exam to the next.

What Each Economics Test Covers

The 300 questions run through the chapter in order, 25 to a test.

TestTopics
Test 1Basic concepts — micro and macroeconomics, definitions of economics, books and authors, central problems of an economy, capitalist, socialist and mixed economies, closed and open economies, nature of the Indian economy, sectors of the economy, growth and development and their determinants, structure of employment, types of unemployment
Test 2National income — national income estimation in India, domestic territory, resident and citizen, GDP, GNI, NDP and NNI, basic prices, market prices and GVA, factor cost, final and intermediate goods, double counting, stock and flow, what is excluded, the three methods of measurement, GDP deflator, real and nominal GDP, personal disposable income, green GDP, MGNREGA
Test 3Sustainable development — the Brundtland Commission and report, the Stockholm Conference, the Earth Summit of 1992, Rio+20, the Sustainable Development Goals, economists’ and the World Bank’s views on sustainability, dimensions of sustainable development, environmental concepts
Test 4Agriculture — land holdings, land reforms, the Green Revolution, agricultural credit, NABARD, Regional Rural Banks, agricultural marketing and e-NAM, Kudumbashree, food security, MSP, the Public Distribution System, Antyodaya Anna Yojana, Annapurna, the National Food Security Act, animal husbandry, colour revolutions
Test 5Industry — industry in the British era, industrial policies, the New Industrial Policy of 1991, FERA and FEMA, liberalisation, privatisation and globalisation, disinvestment, Navratna and Maharatna CPSEs, MSME classification, major committees, commodity boards, the Competition Commission, the WTO
Test 6Services and indirect taxes — the three-sector classification, structure of the services sector, EPZs and SEZs, STPI and the IT Act, tourism campaigns, the space sector, FDI in services, the informal sector; the Jha Committee, MODVAT, state VAT, service tax, components of GST, the GST Council, GST rates, Union and state taxes
Test 7Public finance — Wagner’s law, canons of taxation, impact and incidence, Pigouvian tax, types of deficit, the FRBM Act, types of customs duty, progressive and regressive taxation, the Laffer curve, public expenditure, gender budgeting, fiscal policy, public debt, the Finance Commissions and devolution
Test 8Planning and the financial system — financial institutions and regulators, the banking sector, the Planning Commission and NDC, the Five-Year Plans, the plan holiday and rolling plan, NITI Aayog, labour force concepts, casualisation of the workforce, multidimensional poverty
Test 9Money and banking — definitions of money, barter, near-money, demand for money, money supply measures, reserve money, currency issue, history of banking, bank nationalisation and mergers, the RBI, CRR, SLR, repo rate, SDF, bank rate, MSF, credit control, inflation and the Phillips curve, NBFCs, the Human Development Index
Test 10Employment and welfare — types and measurement of unemployment, the rural employment guarantee law, labour reforms and the labour codes, the Time Use Survey, government schemes, social security schemes
Test 11Poverty and the external sector — concepts and types of poverty, the Lorenz curve and Gini coefficient, poverty estimation, poverty lines and committees, the Multidimensional Poverty Index, anti-poverty schemes; balance of payments, foreign investment, exchange rate systems, devaluation and depreciation, theories of trade, the international monetary system, rupee convertibility, the 1991 crisis
Test 12International organisations and markets — the IMF, SDRs and quotas, the World Bank Group, Bretton Woods institutions, WTO agreements and subsidy boxes, international reports, BRICS and the New Development Bank, SAARC, G20, headquarters of organisations; capital market terms, CPI and WPI, stock market indices, business cycles and stagflation

The three traps that cost the most marks

  • Repo or bank rate. The repo rate is what the RBI charges banks for short-term money against government securities; the bank rate is its rate for longer-term loans without such collateral. Since 2022 the Standing Deposit Facility, not the reverse repo, is the floor of the RBI’s policy corridor and the MSF is its ceiling.
  • Factor cost or market price. Market price = factor cost + indirect taxes − subsidies. GNP = GDP + net factor income from abroad, and ‘net’ always means after depreciation. SSC mixes these three adjustments in one question.
  • Which deficit. Revenue deficit = revenue expenditure − revenue receipts; fiscal deficit = total expenditure − (revenue receipts + non-debt capital receipts); primary deficit = fiscal deficit − interest payments. Fiscal deficit is the government’s total borrowing need.

Solved Examples — SSC CGL Economics

Q1. The Reserve Bank of India was nationalised in:
(a) 1935
(b) 1947
(c) 1949
(d) 1969
The RBI was set up on 1 April 1935 under the RBI Act, 1934, on the recommendation of the Hilton Young Commission, and was nationalised on 1 January 1949. 1969 is the year 14 major commercial banks were nationalised. Answer: (c)
Q2. Consider the following statements:
1. GDP at market prices = GDP at factor cost + net indirect taxes.
2. NNP = GNP − depreciation.
3. Transfer payments such as old-age pensions are included in national income.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Net indirect taxes (indirect taxes minus subsidies) are the gap between market price and factor cost, and ‘net’ always means after depreciation, so statements 1 and 2 are correct. Transfer payments are not payments for any goods or services produced, so they are left out of national income — statement 3 is wrong. Answer: (a)
Q3. Read the Assertion (A) and Reason (R) carefully.
Assertion (A): A cut in the repo rate by the RBI tends to make bank loans cheaper.
Reason (R): The repo rate is the rate at which the RBI lends short-term funds to commercial banks against government securities.
(a) Both A and R are true, and R is the correct explanation of A
(b) Both A and R are true, but R is not the correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true
When the RBI lowers the repo rate, banks borrow from it more cheaply and pass part of the cut on to borrowers, so loans become cheaper and credit grows. R correctly describes the repo rate and explains A. Answer: (a)
Q4. भारत की पहली पंचवर्षीय योजना (1951–56) किस मॉडल पर आधारित थी?
(a) महालनोबिस मॉडल
(b) हैरोड–डोमर मॉडल
(c) लेविस मॉडल
(d) रोस्टो मॉडल
पहली पंचवर्षीय योजना हैरोड–डोमर मॉडल पर आधारित थी और इसमें कृषि को प्राथमिकता दी गई। दूसरी योजना (1956–61) पी.सी. महालनोबिस के मॉडल पर आधारित थी, जिसमें भारी उद्योगों पर बल दिया गया। उत्तर: (b)

How the Economics Tests Work

  • 25 questions per test, with a full question palette — answered, skipped, marked for review, not visited.
  • 12 tests, 300 questions, in chapter order — basic concepts, national income, agriculture, industry, taxation, banking, planning, poverty and the external sector, with no fact repeated across the chapter.
  • All SSC question types — direct questions, statement questions, match the following, chronology and assertion–reason.
  • Optional 15-minute timer — with the clock for exam speed, without it while you are still learning the terms.
  • Marking: +2 correct, −0.5 wrong, 0 unattempted — the same scheme as the real paper.
  • 6–7 point solutions open after you submit — the answer, the concept or institution behind it, the related dates and committees, and what each wrong option actually refers to.
  • English and Hindi — every test is available in both; choose the language when you start.
  • Free with a TrickySSC account — sign in once with Google or your mobile number, and every test is open to you.

How to Prepare Economics for SSC CGL

  1. Keep one formula sheet for national income and deficits. GDP, GNP, NDP and NNP; factor cost and market price; revenue, fiscal and primary deficit. Half a page answers a large share of SSC economics questions.
  2. Learn the RBI toolkit as a set. Repo, SDF, MSF and bank rate, CRR and SLR, open market operations — what each one is and which way it moves money supply. SSC asks the effect as often as the definition.
  3. Make a plans table. Plan – years – model or focus – one key event. Add the plan holiday, the rolling plan and NITI Aayog (2015) at the end.
  4. Read the solutions, not just the answer. Each solution here carries six or seven related facts — reading them is how 300 questions cover the whole chapter.
  5. Check yourself on real questions. One test a day keeps the earlier topics fresh while you move ahead, and the Economics previous year questions show exactly how SSC words them.

All SSC CGL Chapter Wise Tests

Every chapter below has its own free chapter tests with full solutions.

Browse all 84 chapter tests — Maths (35) · Reasoning (28) · English (14) · GK (7)
English Language
General Intelligence & Reasoning
Quantitative Aptitude (Maths)
General Awareness

SSC CGL Economics — Frequently Asked Questions

How many Economics questions are asked in SSC CGL?
Usually two or three of the 25 General Awareness questions in an SSC CGL Tier I shift. CHSL, MTS and the Tier II General Awareness paper follow the same pattern.
Which Economics topics are most important for SSC?
Money and banking with the RBI’s policy rates, national income terms, types of deficit and taxes, and the Five-Year Plans come up most often, followed by agriculture, the 1991 reforms, poverty and unemployment, and international organisations such as the IMF, World Bank and WTO.
How many tests and questions are in this chapter?
Twelve tests of 25 questions each, 300 questions in all, in chapter order: basic concepts, national income, sustainable development, agriculture, industry, services and indirect taxes, public finance, planning, money and banking, employment and welfare, poverty and the external sector, and international organisations. No fact is asked twice.
Do the tests include Union Budget and Economic Survey questions?
No. Budget and Economic Survey figures change every year and are asked as current affairs, so these tests keep to the static part of Indian Economy — terms, institutions, policies, committees and dates.
Are the Economics tests available in Hindi?
Yes. Every test is available in both English and Hindi with the same questions and the same answer key, and you choose the language when you start the test.
What do the solutions contain?
Six to seven short points for every question: the answer, the concept or institution behind it, the related dates, committees and figures, and what each wrong option actually refers to.
Is there a timer, and what is the marking scheme?
An optional 15-minute timer per test, and the real exam marking of +2 for a correct answer, −0.5 for a wrong one and 0 for an unattempted question.
Are the Economics tests free?
Yes, every test is free. You need a free TrickySSC account to start one — sign in once with Google or your mobile number and every test is open to you.

More Free SSC CGL Practice

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