PYQ Vault

SSC CGL Economics · Free notes

Microeconomics: SSC CGL Economics

Microeconomics has ten questions in the SSC CGL Tier I bank: two from the 2023 shifts, one from the 2024 shifts and seven from the 2025 shifts. Nearly all ask for one definition: opportunity cost, a mixed economy, an indifference curve, a free rider. One page covers them all, with the elasticity formula for the one sum SSC has set.

The handout has every subtopic, worked example, formula and trap with answers shown. The formula sheet is the chapter’s formulas and traps alone, on one page.

Subtopic notes

Formula & revision sheet

1 formulas · 1 reference tables · 2 gotchas across all subtopics — the exam-eve cheat-sheet

Basic Concepts, Demand and Elasticity

Formulas (1)

Reference tables (1)

Scarcity, choice and kinds of goods5 rows
TermMeaning
Scarcity definitionLionel RobbinsQ
Capital goodsMachines, tools, buildingsQ
Mixed economyPrivate and public sectors togetherQ
Free riderUses a public good without payingQ
Marketable surplusSign of commercial farmingQ

Watch out for (2)

PYQ weightage by concept

2 concepts · 10 PYQs — where the marks actually sit, so you know what to drill first

Basic Concepts, Demand and Elasticity10 PYQs · 100%
ConceptPYQsShare
Scarcity, choice and kinds of goods880%
Indifference curves and price elasticity220%

Test yourself on a real paper

Sit a past SSC CGL paper, timed and marked the way the exam marks it. You see your score and every answer the moment you finish. Free to start.