Economics is one of the important topics that belong to the General Awareness section of the SSC CGL. Candidates can expect at least 2-3 questions on economics for SSC CGL exam. The economics syllabus is vast, and it consists of many topics. That is why we have divided the economics questions for SSC CGL into parts. This is part 1 of economics, which consists of topics such as the basics of economics, Demand and Supply, Production, Costs, & Consumption, Market, National Income and GDP, and Money. The rest of the topics will be covered in the next parts. Along with SSC CGL Economics part 1, we have also provided some free preparation resources that will help you in your overall exam preparation.
Economics for SSC CGL: Topic-wise and Full Length Mock Tests
Just preparing the economics questions for SSC CGL 2025 exam is not enough. If you are preparing for the SSC CGL 2025 exam, then you should focus on each topic and section so that you can prepare yourself for the overall exam. For that, below we have provided some free preparation resources, which include free topic-wise tests, previous year question papers, a complete SSC CGL mock test, and much more.
Topics Covered in Economics for SSC CGL Part 1
Here we have explained those topics that we have included in economics for SSC CGL part 1. You are advised to first go through the concept of the topics that we have covered in this blog, and then go through the question part and download the free PDF.
- Basics of Economics
- Demand and Supply
- Production, Costs, and Consumption
- Market
- National Income and GDP
- Money
Economics: Basics of Economics
This topic introduces the fundamental concepts of economics, such as how individuals and societies make choices about allocating limited resources to satisfy unlimited wants.
| Subtopic | Key Points |
|---|---|
| Nature of Economics | Study of scarcity, choice, and resource allocation |
| Types of Economy | Capitalist (private), Socialist (state-controlled), Mixed (India follows this) |
| Micro vs. Macro | Micro: Individual units (consumers/firms); Macro: Entire economy (GDP/inflation) |
| Economic Terms | Scarcity, opportunity cost, utility, goods vs. services |
Economics: Demand and Supply
Understanding how prices and quantities of goods are determined in markets is key to microeconomics. These concepts are frequently tested.
| Subtopic | Key Points |
|---|---|
| Law of Demand | Inverse relationship between price and quantity demanded |
| Law of Supply | Direct relationship between price and quantity supplied |
| Elasticity | Measures responsiveness of demand/supply to price changes |
| Market Equilibrium | Where demand = supply, determines market price |
| Shifts in Curves | Caused by non-price factors (e.g., income, preferences, technology) |
Economics: Production, Costs & Consumption
This section looks at how goods are produced, the costs involved, and how consumers derive satisfaction from them.
| Subtopic | Key Points |
|---|---|
| Factors of Production | Land, labor, capital, entrepreneurship |
| Laws of Production | Law of Variable Proportion, Returns to Scale |
| Types of Costs | Fixed, variable, total, marginal, average costs |
| Consumption & Utility | Law of Diminishing Marginal Utility; consumer equilibrium |
| Cost Curves | U-shaped marginal and average cost curves |
Economics: Market Structures
Markets influence pricing, competition, and output. Understanding types of markets helps in predicting economic behavior.
| Market Type | Details |
|---|---|
| Perfect Competition | Many sellers, identical products, no price control |
| Monopoly | One seller, price-maker, no close substitute |
| Monopolistic Comp. | Many sellers, product differentiation (e.g., brands) |
| Oligopoly | Few large firms dominate (e.g., telecom); interdependent pricing |
Economics: National Income and GDP
This is a key macroeconomic concept that helps measure a country’s economic performance.
| Subtopic | Key Points |
|---|---|
| GDP | Total value of goods/services produced within the country |
| GNP | GDP + net income from abroad |
| NNP | GNP – depreciation |
| Per Capita Income | National Income divided by population |
| Income Calculation | Methods: Production, Income, and Expenditure methods |
| Real vs. Nominal GDP | Real adjusted for inflation, Nominal is the current price level |
Economics: Money
Money plays a central role in the economy as a medium of exchange and a store of value. This section also covers basics about banking and the RBI.
| Subtopic | Key Points |
|---|---|
| Functions of Money | Medium of exchange, store of value, unit of account |
| Types of Money | Fiat money, commodity money, plastic money, digital money |
| Money Supply Measures | M1, M2, M3, M4 (used by RBI to analyze liquidity in the economy) |
| RBI & Monetary Policy | Repo rate, reverse repo, CRR, SLR, inflation targeting |
| Role of Commercial Banks | Accept deposits, provide loans, and create credit |
Economics Questions for SSC CGL Part 1 PDF: Download Free PDF
Preparing for questions that have already been asked or are more repetitive can help you in your exam preparation more effectively. Here we have provided the PDF that consists of questions of economics for SSC CGL tier 1 exam. The PDF consists of questions on those topics that we have discussed in this blog. We are also advising you to first go through the basic concepts of the topics that we have provided above.
1. The term ‘Mixed Economy’ denotes:
2. Banking, Courier, Real Estate, Transport comes under which sector of economic growth?
3. Who is called the Father of Economics?
4. An economy in which there are no private labour, goods or money to and from other nations is a/an:
5. Agriculture, Dairy, Fishing comes under which sector of economic activity?
6. Double coincidence of wants is a feature of which system?
7. The economic activities are divided into three sectors – primary, secondary, tertiary on the basis of:
8. ‘Gresham’s Law’ in economics relates to:
9. Operation Flood is related with:
10. _____ states that ‘bad money drives good money out of circulation’.
Economics for SSC CGL Part 2 and Part 3
As we know, economics is a vast subject, and covering such a subject in one part is not possible; that’s why we have divided it into three parts. This blog contains part 1, and below we have provided the links to the SSC CGL Economics parts 2 and 3. You are advised to go through all parts and boost your preparation in economics for SSC CGL 2025 exam.
How to Prepare for Economics Effectively
Here we have provided some tips to prepare for economics for SSC CGL 2025 exam.
1. Understand the Syllabus: Start by going through the official SSC CGL syllabus for Economics. Focus on topics like Basic concepts of Economics, Demand and Supply, Inflation, GDP, National Income, Budget and fiscal Policy, and an overview of the Indian Economy.
2. Focus on NCERT Books (Class 10 to 12): NCERT Economics books provide conceptual clarity. Begin with:
- Class 10: Understanding Economic Development
- Class 11 & 12: Introductory Microeconomics & Macroeconomics
3. Make Short Notes: Short notes for such subjects are very important. This will help you during your last days of the exam for revision purposes.
4. Study Budget and Economic Survey: Questions often come from the recent Union Budget and Economic Survey. Focus on: Key schemes and policies, Fiscal deficit, revenue, expenditure, Sector-wise performance.
5. Practice Previous Year Questions: Solve previous year questions so that you become able to know what types of questions SSC asks in the SSC CGL exam. This will enable you to prepare for the exam effectively.
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| 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 PDF Part 1: FAQs
The topics included in economics for SSC CGL part 1 PDF are Basics of Economics, Demand & Supply, Production & Costs, Market Structures, National Income & GDP, and Money
Usually, 2–3 questions are asked from Economics in the General Awareness section of SSC CGL Tier 1.
You can get the economics questions for SSC CGL 2025 exam in this blog, in a PDF format.
NCERTs (Class 10–12) provide a strong foundation. You should also practice MCQs from Lucent GK and previous year question papers.
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