State PSC Economy Mock Test
7 free timed sets · 350 questions · 0 easy / 350 moderate / 0 hard · solutions for every question
All Economy sets
Sample Economy questions
1. In a private closed economy which of the following statements is true?
- (A) The economy is in equilibrium when consumption equals saving.
- (B) Saving is equal to zero when consumption equals disposable income.
- (C) Household saving can never be negative.
- (D) Investment is always greater than savings.
Show answer
(B) Saving is equal to zero when consumption equals disposable income.. Correct answer: Saving is equal to zero when consumption equals disposable income..
2. If the CPI goes to 150 from 120 then prices have
- (A) risen 30 percent.
- (B) fallen 30 percent.
- (C) risen 25 percent.
- (D) risen 20 percent.
Show answer
(C) risen 25 percent.. Correct answer: risen 25 percent..
3. When both short-run aggregate supply and aggregate demand increase which of the following can be said for certain?
- (A) Real GDP rises but the change in the price level is uncertain.
- (B) The price level rises but the change in real GDP is uncertain.
- (C) The price level rises but real GDP falls.
- (D) Both the price level and real GDP rise.
Show answer
(A) Real GDP rises but the change in the price level is uncertain.. Correct answer: Real GDP rises but the change in the price level is uncertain..
State PSC Economy — FAQs
Is the State PSC Economy mock test free?
Yes. All 7 Economy sets are free, need no signup, and give instant scores with a solution for every question.
How many Economy questions are there for State PSC?
350 questions across 7 sets: 0 easy, 350 moderate and 0 hard.
Will I get the same questions again?
No. Each attempt draws a fresh random subset, shuffles the order and options, and prefers questions you have not seen on this device. The Surprise Set draws from the whole subject pool.
Can I choose difficulty and timer?
Yes — pick Easy, Moderate, Hard or Mixed, and choose no timer, 10 or 20 minutes, or the real exam pace.