10 MCQs – Economics | CBSE Class 10 Board Exam 2026

 

10 MCQs – Economics | CBSE Class 10 Board Exam 2026

💰 Board Exam 2026 Preparation Series  |  Subject: Social Science – Economics  |  Class: 10th CBSE  |  Book: Understanding Economic Development

Economics MCQs in the CBSE Class 10 Board Exam 2026 test your understanding of development, sectors of the Indian economy, money and credit, globalisation, and consumer rights. This set of 10 carefully selected MCQs is based on the NCERT textbook Understanding Economic Development and covers every important chapter. Attempt each question carefully, then verify your answers using the detailed answer key at the end.

Q1. Which of the following is the most commonly used criterion for measuring development at the national level?

A) Total income of the country

B) Per capita income (average income)

C) Total population of the country

D) Literacy rate of the country

Q2. The Human Development Index (HDI) is published annually by which organisation?

A) World Bank

B) International Monetary Fund (IMF)

C) United Nations Development Programme (UNDP)

D) World Health Organisation (WHO)

Q3. Which sector of the economy is also known as the "service sector"?

A) Primary sector

B) Secondary sector

C) Tertiary sector

D) Public sector

Q4. When workers in the agriculture sector appear to be employed but actually contribute very little or nothing to production, this is known as:

A) Seasonal unemployment

B) Structural unemployment

C) Disguised unemployment

D) Cyclical unemployment

Q5. Which of the following is a function of money that resolves the problem of "double coincidence of wants" in a barter system?

A) Money as a store of value

B) Money as a standard of deferred payment

C) Money as a medium of exchange

D) Money as a measure of value

Q6. Self Help Groups (SHGs) primarily help the rural poor by providing:

A) Free food and housing from the government

B) Access to formal bank loans at subsidised rates

C) Collateral-free loans from a group's pooled savings

D) Employment in government schemes

Q7. Which organisation sets the rules for international trade and settles trade disputes between countries?

A) International Monetary Fund (IMF)

B) United Nations (UN)

C) World Trade Organisation (WTO)

D) World Bank

Q8. Foreign Investment made by a company to set up factories, production facilities, or buy assets in another country is called:

A) Portfolio Investment

B) Foreign Direct Investment (FDI)

C) Official Development Assistance

D) Foreign Institutional Investment (FII)

Q9. The Consumer Protection Act in India was initially enacted in the year:

A) 1975

B) 1980

C) 1986

D) 1995

Q10. The logo "ISI" on a product in India is a certification mark given by:

A) Food Safety and Standards Authority of India (FSSAI)

B) Bureau of Indian Standards (BIS)

C) Agmark Authority

D) Consumer Affairs Ministry

✅ Answer Key

QuestionCorrect AnswerChapter / Topic
Q1B) Per capita income (average income)Development
Q2C) United Nations Development Programme (UNDP)Development – HDI
Q3C) Tertiary sectorSectors of the Indian Economy
Q4C) Disguised unemploymentSectors of the Indian Economy
Q5C) Money as a medium of exchangeMoney and Credit
Q6C) Collateral-free loans from a group's pooled savingsMoney and Credit – SHGs
Q7C) World Trade Organisation (WTO)Globalisation and the Indian Economy
Q8B) Foreign Direct Investment (FDI)Globalisation and the Indian Economy
Q9C) 1986Consumer Rights
Q10B) Bureau of Indian Standards (BIS)Consumer Rights – Quality Marks

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