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Economics Questions

Practice 87 Economics questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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87
Total Questions
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3
Easy
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84
Medium
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0
Hard
Practice by Exam:General Studies(41)General Awareness(16)General Knowledge(15)Economics(4)Indian Economy(2)Current Affairs(2)Mathematics(2)History(1)

About Economics — practice questions, PYQs & concepts

Economics is a frequently-tested topic on General Studies, General Awareness, General Knowledge. ExamTest.live currently lists 87 Economics questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Economics weight in competitive exams

Across our Economics question bank, the largest sources are General Studies (41), General Awareness (16), General Knowledge (15), Economics (4) and Indian Economy (2). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 3 easy Economics questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Economics Questions(1–87 of 87)

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Q1mediummcqGeneral AwarenessSSC Exam2026
7% accuracy
What is the duration of Pradhan Mantri Matsya Sampada Yojana?
Q2mediummcqGeneral AwarenessSSC Exam2026
21% accuracy
Which of the following is NOT a poverty alleviation programme in India?
Q3mediummcqGeneral AwarenessSSC Exam2026
21% accuracy
Industries of strategic and national importance are usually placed in the ________ sector.
Q4mediummcqGeneral AwarenessCompetitive Exam2026
67% accuracy
Which of the following is NOT among the commercial sources of energy?
Q5mediummcqGeneral AwarenessCompetitive Exam2026
33% accuracy
Mahatma Gandhi National Rural Employment Guarantee Act (2005) provides work for how many days?
Q6mediummcqEconomicsWBCS Prelims 20182026
0% accuracy
Fiscal Deficit can be expressed as:
Q7mediummcqGeneral StudiesWBCS Prelims 20182026
0% accuracy
Under the traditional accounting classification used in Indian budgets, expenditure for public administration falls under:
Q8mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
In which state was service tax traditionally not applicable under special provisions before structural shifts?
Q9mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following combinations is correct?
Q10mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
In which year was the Reserve Bank of India (RBI) nationalised?
Q11mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following is excluded from the purview of GST in India?
Q12mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
The National Food Grain Movement Plan is primarily associated with which of the following?
Q13mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Consider the following statements and choose the correct option:
(i) RBI is the custodian of the foreign exchange reserves of the country.
(ii) It maintains the exchange rate of the domestic currency at stable levels.
Q14mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
What is the place where bankers meet to settle their mutual claims and accounts known as?
Q15mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
From the export of which commodity does India earn the highest foreign exchange among the options?
Q16mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Disguised unemployment in India is chiefly related to:
1. Agricultural sector
2. Rural areas
3. Factory sector
4. Urban areas
Q17mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
What was the primary objective of TRYSEM?
Q18mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
In which of the following ranges is the average gross domestic savings rate for the Indian economy currently estimated?
Q19mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
What is meant by 'Globalization of Indian Economy'?
Q20mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
What is the type of foreign exchange rate system in India?
Q21mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
What is the core objective of the Minimum Needs Programme (MNP)?
Q22mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following is included in the Indian Budget?
Q23mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
In which case will currency devaluation be more beneficial?
Q24mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
What is the value of national income adjusted for inflation called?
Q25mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Repo rate and Reverse Repo rate are related to which of the following?
Q26mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Since the inception of the cooperative movement, rural credit has been:
Q27mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following is used to signify broad money?
Q28mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
From where does the National Stock Exchange (NSE) operate?
Q29mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
What is meant by the devaluation of a currency?
Q30mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
How many core infrastructure sectors are known as core industries in the Indian economy for the Index of Industrial Production (IIP) data?
Q31mediummcqGeneral AwarenessSSC Selection Post 2021 Question Paper (09-Feb-2022) (Shift-1)2026
0% accuracy
Suppose you earn ₹100 on the first day of every month and run down this balance evenly over the rest of the month, then your cash balances (in ₹) at the beginning and the end of the month are:
Q32mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following is a qualitative tool of monetary policy?
Q33mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
An instrument that guarantees an exporter that the importer of their goods will pay promptly for the ordered merchandise is called a:
Q34mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
With which branch of commercial activity are the terms 'Bull Market' and 'Bear Market' associated?
Q35mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
The Laffer curve is a graphical representation of the relationship between:
Q36mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
In the Vicious Circle of Poverty, what indicates the supply-side link?
Q37mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following is commonly referred to as a 'Banker's Cheque'?
Q38mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following cannot be called an anti-inflationary measure?
Q39mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
The exchange rate of one currency against another currency is known as what?
Q40mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
Which factor has majorly caused low growth of per capita income in India?
Q41mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
Which of the following formulates the Fiscal Policy?
Q42mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
Which of the following industrial policy resolutions was based on the Mahalanobis model of growth?
Q43mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
Which of the following is a part of the Capital Account?
Q44mediummcqGeneral KnowledgeCompetitive Exam Previous Year Paper2026
The cash reserve ratio as on November 2018 set by RBI is _________ percent.
Q45mediummcqCurrent AffairsWBCS Prelims2026
Who is the author of the popular non-fiction book titled "I Do What I Do"?
Q46mediummcqGeneral KnowledgeGeneral Aptitude Test2026
The 2016 Sveriges Riksbank Prize in Economic Sciences (Nobel Prize in Economics) was awarded to:
Q47mediummcqGeography, History and General ScienceCompetitive Exams2026
When Indian Rupee gets depreciated vis-a-vis U.S. Dollar, it usually makes our
Q48mediummcqIndian Polity & EconomyIndian Competitive Exams2026
The devaluation of a domestic currency will be more beneficial to the balance of payments if the:
Q49mediummcqIndian PolityCompetitive Exam Practice Paper2026
Niti Ayog was formed on
Q50mediummcqCurrent AffairsWBCS Prelims 20172026
The 2016 Nobel Prize in Economics was won by:
Q51mediummcqGeneral KnowledgePrepp2026
In which of the following ways were farmers encouraged to begin to use high yielding variety seeds?
Q52mediummcqGeneral KnowledgePractice Test2026
GIFT City (Gujarat International Finance Tec-City), India's first International Financial Services Centre (IFSC), is located in which city?
Q53mediummcqGeneral KnowledgePractice Test2026
"An Inquiry into the Nature and Causes of the Wealth of Nations" was written by whom?
Q54mediummcqGeneral AwarenessPractice Test2026
What is the term for the difference between a country's exports and imports?
Q55mediummcqGeneral AwarenessPractice Test2026
Under the new income tax regime announced in Union Budget 2025-26, individuals with income upto how much will pay zero income tax?
Q56mediummcqGeneral KnowledgeCompetitive Exam2026
Which is the main regulatory body for banking in India?
Q57mediummcqGeneral KnowledgeCompetitive Exam2026
Which of the following is an example of a large-scale industry in the secondary sector?
Q58mediummcqHistoryGeneral Knowledge Studies2026
During the first world war ():
Q59mediummcqGeneral KnowledgePrepp2026
Selling of bonds by the RBI will cause money supply to __________.
Q60mediummcqGeneral KnowledgePrepp2026
Which of the following banks is in charge of India’s banking and monetary system?
Q61mediummcqGeneral KnowledgeIndian Competitive Exams2026
India's Gross Domestic Product (GDP) grew by __________ in the quarter ending September 2016.
Q62mediummcqGeneral AwarenessIndian Competitive Exam2026
As per the data provided by the Ministry of Statistics and Programme Implementation, what per cent of growth has been registered in the GDP during the first quarter of the Financial Year 2021-22?
Q63mediummcqGeneral AwarenessIndian Competitive Exam2026
In the context of banking, what does 'F' stand for in NEFT?
Q64easymcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
Which of the following does NOT fall under the category of Public Goods?
Q65easymcqGeneral StudiesAdda2472026
Which Indian economist is known for his work on welfare economics and received the Nobel Prize in Economic Sciences in 1998?
Q66easymcqGeneral StudiesAdda2472026
The full form of is .
Q67mediummcqEconomicsCompetitive Exam2026
Dumping refers to:
Q68mediummcqGeneral AwarenessUP Police Constable Re-Exam2026
The full form of NPA is _______.
Q69mediummcqMathematicsMathematics Mock Test - 112026
To maximize profit, what condition must be met regarding Marginal Cost (MC) and Marginal Revenue (MR)?
Q70mediummcqGeneral AwarenessSSC CGL2026
Economic exchanges without the mediation of money are referred to as _______ exchanges.
Q71mediummcqIndian EconomyCompetitive Exams2026
What is meant by a 'trade deficit'?
Q72mediummcqInternational RelationsCompetitive Exams2026
Which organization provides loans and grants to the world's poorest developing countries?
Q73mediummcqGeneral KnowledgeSSC CGL2026
Name the first Indian to get Nobel prize in economics.
Q74mediummcqGeneral AwarenessSSC CGL2026
The Law of Demand is based on the concept that people ________.
Q75mediummcqGeneral AwarenessSSC CGL2026
If one more cobbler is hired the output of a shoe making unit will increase from 50 pairs of shoes to 55 pairs per day, but then the shoe making unit will have to reduce the price of a pair of shoes from Rs 3200 to Rs 3000 per pair to sell the additional output, the marginal revenue product of the last cobbler is
Q76mediummcqIndian EconomyGovernment Exams2026
What is the value (in INR trillion) of Rs. 2000 notes circulated at the end of March in the year 2021?
Q77mediummcqEconomicsSSC CGL2026
Rate of the growth of an economy is measured in terms of __________
Q78mediummcqGeneral KnowledgePractice Test2026
In what ways does the Organization for Economic Cooperation and Development (OECD) support economic development?
Q79mediummcqMathematicsMathematics Mock Test - 82026
The marginal cost is much less than the marginal revenue for a product. The company selling the product should:
Q80mediummcqGeneral AwarenessSSC CGL2026
On how many pillars do the Union Budget of 2021-22 proposals rest?
Q81mediummcqGeneral StudiesUP Police Assistant Operator Exam2026
Which of the following taxes is NOT levied by the Central Government of India?
Q82mediummcqGeneral StudiesUP Police Assistant Operator Exam2026
Which of the following is NOT a valid type of GST implemented in India?
Q83mediummcqGeneral StudiesUP Police Assistant Operator Exam2026
Which of the following is/are subsets of wholesale inflation?
Q84mediummcqEconomicsGeneral Awareness Practice Set2026
Which of the following is an example of a non-tariff barrier?
Q85mediummcqGeneral KnowledgePractice Paper2026
Which Indian economist is known for his work on welfare economics and received the Nobel Prize in Economic Sciences in ?
Q86mediummcqGeneral KnowledgeIndian Competitive Exams2026
What is the role of artificial intelligence (AI) in shaping future global economies ?
Q87mediummcqGeneral KnowledgeIndian Competitive Exams2026
Which Indian organization is responsible for calculating and releasing the GDP data?

Frequently Asked Questions

How many Economics questions are on ExamTest.live?▼
We have 87 Economics questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Economics MCQs free?▼
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Which exams include Economics questions?▼
Economics questions are commonly asked in General Studies, General Awareness, General Knowledge, Economics, Indian Economy. You can filter by exam using the links above.
How do I practice Economics questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.