Economy questions in SSC CGL General Awareness test both conceptual understanding (like key economic theories) and factual recall (like recent government reports). This article compiles real, verified Economy questions extracted directly from official Tier 1 papers — completing our General Awareness subject-wise series alongside Polity, History, Science, and Geography.
6 Real PYQ Questions
Q1. John Maynard Keynes, best known for his economic theories (Keynesian economics), hailed from which country?
1. Sweden 2. England 3. Australia 4. Denmark
Show Answer
2. England.
Q2. Which state emerged as the poorest state as per the first-ever Multi-dimensional Poverty Index (MPI) prepared by NITI Aayog and launched in November 2021?
1. Bihar 2. Madhya Pradesh 3. Uttar Pradesh 4. Mizoram
Show Answer
1. Bihar.
Q3. Fisher's Quantity Theory of Money is explained by his famous equation, given as ________.
1. MP = VT 2. MV = PT 3. MT = PV 4. PV = MV
Show Answer
2. MV = PT. Where M = money supply, V = velocity of circulation, P = price level, T = volume of transactions.
Q4. A country can improve its balance of payments through currency devaluation when the sum of elasticity of demand for exports and imports is ________.
1. Less than unity 2. Equal to unity 3. Greater than unity 4. Zero
Show Answer
3. Greater than unity. This is known as the Marshall-Lerner condition.
Q5. Non-Tax revenue is a part of __________.
1. Revenue Expenditure 2. Revenue Receipts 3. Capital Expenditure 4. Capital Receipts
Show Answer
2. Revenue Receipts.
Q6. In India, what type of unemployment is created due to a lack of employable skills among educated youth?
1. Structural unemployment 2. Educated unemployment 3. Cyclical unemployment 4. Technological unemployment
Show Answer
2. Educated unemployment. This is a specific category commonly referenced in the Indian economic context, distinct from broader structural unemployment.
Frequently Asked Questions
Q1. Why does this article have fewer questions than the other GA subject articles?
We only publish questions we can independently verify with full confidence, and our dataset simply contained fewer clearly Economy-specific questions than Polity, History, Science, or Geography. We'd rather publish 6 verified questions than pad the count with uncertain ones.
Q2. Is Economy a high-frequency GA subject in SSC CGL?
Based on our overall dataset analysis, Economy appears less frequently than Polity, History, or Science — see our GA PYQ Breakdown for the full subject-wise comparison.
Q3. Should I still prepare Economy thoroughly despite lower frequency?
Yes — lower frequency doesn't mean zero marks at stake, and Economy questions often test conceptual understanding (like Q3 and Q4 above) that, once learned, applies across multiple possible question variations.
This completes our General Awareness subject-wise series. See our Polity & Governance, History, Science, and Geography PYQ Questions articles, or the complete Free Preparation Guide.
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