NIOS Class 10 Economics 214 Important Questions 2026 (Code 214) – Chapter-Wise Objective Question Bank

If you are preparing for the NIOS Class 10 Economics 214 exam in 2026, this page is made for you. Here you will find the most important chapter-wise objective questions from the NIOS Economics Book Class 10, selected directly from the actual chapters. These questions are the most chanceable ones for your 2026 paper, and for complete accurate answers and solutions, you can contact Unnati Education directly.

NIOS Class 10 Economics (214) Important Questions – Quick Overview

This question bank is based on the NIOS Economics Book Class 10 and covers all major chapters with selected sample objective questions. Complete solutions are available through Unnati Education.

What Are NIOS Class 10 Economics 214 Important Questions 2026?

NIOS Class 10 Economics 214 important questions are a focused, chapter-wise collection of MCQs, fill in the blanks, true or false, and match the following questions from every lesson of the NIOS Economics 214 Class 10 Book. These are not random questions. Every single question is selected after analysing what appears most frequently in NIOS Economics exams.

At Unnati Education, we have built this important question booklet after studying the NIOS Economics 214 Book PDF and past year patterns carefully. When you buy this booklet from us, you get the questions along with full accurate solutions for every objective question, chapter by chapter. If you also need help with NIOS Class 10 TMA for Economics 214, our team provides 100 percent accurate solved assignments ready for direct submission.

Chapter 3 – Goods and Services – Important Questions

Below are sample important questions from each chapter of the NIOS Economics Book Class 10. These are selected samples only. The complete booklet with all questions and solutions is available through Unnati Education.

MCQ Samples:

Which of the following best explains the simultaneity of production and consumption? A. Goods are consumed after production B. Services cannot be stored C. Services are produced and consumed at the same time D. Goods can be transferred but services cannot
Answer: C

Which combination of services best represents producer services? A. Teacher in a school, tailor in a boutique B. Doctor in a hospital, nurse at home C. Electrician in a factory, transporter of raw materials D. Barber in a salon, watch repairer
Answer: C

A public good must satisfy which two characteristics? A. Costliness and durability B. Rivalry and scarcity C. Non-excludability and non-rivalry D. Scarcity and high price
Answer: C

Which of the following correctly classifies a single-use producer good? A. Tractor used in farming B. Seed used to grow wheat C. Steel used to make machines D. Computer in a bank
Answer: B

Which classification uses ownership as the basis of division? A. Free vs. economic goods B. Single use vs. durable use goods C. Consumer vs. producer goods D. Public vs. private goods
Answer: D

Fill in the Blanks Samples:

Services are consumed ______ at the time of production.
Answer: simultaneously

Goods that help in producing other goods are called ______ goods.
Answer: producer

Free goods do not carry a market ______.
Answer: price

Economic goods are scarce and therefore carry a ______.
Answer: price

True or False Samples:

Goods can be produced and consumed simultaneously. – False

Services are intangible and cannot be stored. – True

Public goods are exclusive and rivalrous in consumption. – False

Depreciation occurs in durable use goods due to repeated use. – True

There is a time gap between the production and consumption of services. – False

Match the Following Sample:

Column A – Classification | Column B – Example A. Producer Goods | 1. Machinery in a factory B. Consumer Goods | 2. Milk for drinking C. Intermediate Goods | 3. Wheat flour in bread-making D. Durable Use Goods | 4. Television used over years

Answer: A-1, B-2, C-3, D-4

Chapter 6 – Basic Economic Activities – Important Questions

MCQ Samples:

Which of the following best defines production in economics? A. Creation of money B. Creation of goods only C. Creation of wealth D. Creation of utility
Answer: D

Which of the following is not considered a factor of production? A. Money B. Labour C. Capital D. Land
Answer: A

The reward for labour in the process of production is called: A. Rent B. Interest C. Profit D. Wages
Answer: D

Entrepreneurship is best defined as: A. Manual labour B. Supply of raw materials C. Organizing other factors and bearing risks D. Ownership of land
Answer: C

What is the economic term for income earned by landowners? A. Wages B. Rent C. Profit D. Interest
Answer: B

Production leads to capital formation only when: A. All output is consumed B. Some output is saved and invested C. Output is stored without use D. Consumption increases faster than output
Answer: B

Fill in the Blanks Samples:

Production is defined as the creation of ______.
Answer: utility

Labourers are compensated with ______ for their contribution to production.
Answer: wages

Capital formation occurs when savings are invested in ______ assets.
Answer: productive

Working capital includes raw materials like seeds, dye, and ______.
Answer: fuel

True or False Samples:

Division of labour is irrelevant in large-scale industries. – False

Entrepreneurs earn interest as return for their service. – False

An industry includes a group of firms producing the same good. – True

Process-based division of labour encourages mechanisation. – True

Chapter 7 – Production – Important Questions

MCQ Samples:

Which of the following is not a function of an entrepreneur? A. Choosing right resources B. Bearing risks C. Providing capital as interest D. Organizing production
Answer: C

Which statement about working capital is correct? A. It lasts for many years B. It is not consumed in production C. It includes raw materials D. It is a fixed resource
Answer: C

Which of the following leads directly to capital formation? A. Free services B. Consumption of all output C. Savings invested in productive assets D. Transfer payments
Answer: C

Fill in the Blanks Samples:

Entrepreneurs earn ______ as their return, not interest.
Answer: profit

Capital is a man-made resource and is ______ in nature.
Answer: passive

Chapter 8 – Cost and Revenue – Important Questions

MCQ Samples (Match the Following):

Cost and Revenue Formulas:

Column A – Concept | Column B – Formula A. Average Cost (AC) | 1. Total Cost divided by Total Output B. Marginal Cost (MC) | 2. Change in Total Cost divided by Change in Output C. Average Revenue (AR) | 3. Total Revenue divided by Quantity D. Marginal Revenue (MR) | 4. TR at n units minus TR at n minus 1 units

Answer: A-1, B-2, C-3, D-4

Examples with Corresponding Concepts:

Column A – Example | Column B – Concept A. A farmer using his own tractor | 1. Implicit Cost B. Rs. 5,000 paid as land rent | 2. Fixed Cost C. Rs. 75 per day paid to hired labourers | 3. Variable Cost D. Rs. 1600 multiplied by 30 quintals sold | 4. Total Revenue

Answer: A-1, B-2, C-3, D-4

Chapter 9 – Demand – Important Questions

MCQ Samples:

If the price of Pepsi decreases, what happens to demand for Coke (a substitute)? A. Increases B. Decreases C. Constant D. Doubles
Answer: B

A change in price of a good leads to which movement along the demand curve? A. Shift in curve B. Expansion or contraction of demand C. Change in income effect only D. No movement
Answer: B

Fill in the Blanks Samples:

The amount of a commodity a consumer is willing and able to buy at a given price during a given period is called ______.
Answer: demand

The economic term that includes both desire and purchasing power is ______.
Answer: demand

A table that lists quantities demanded at various prices during a specific time is called a ______.
Answer: demand schedule

Match the Following Sample:

Types of Goods with Demand Behavior:

Column A – Type of Good | Column B – Demand Behavior A. Normal Good | 1. Demand rises as income rises B. Inferior Good | 2. Demand falls when income rises C. Giffen Good | 3. Demand rises even when price rises D. Substitute Good | 4. Demand increases when price of related good rises

Answer: A-1, B-2, C-3, D-4

Chapter 10 – Supply – Important Questions

MCQ Samples:

If the price of a related good rises, supply of the original good may: A. Increase B. Decrease C. Remain constant D. Double
Answer: B

An expected future price rise causes supply in present to: A. Increase B. Remain constant C. Fall D. Double
Answer: C

In a market supply schedule, which of the following must be constant? A. Number of firms B. Price C. Technology D. Time period
Answer: D

Fill in the Blanks Samples:

Sellers may withhold supply to sell at higher future prices, causing current supply to ______.
Answer: decrease

All data in a supply schedule must refer to the same ______.
Answer: period

Chapter 14 – Money and Its Role – Important Questions

Fill in the Blanks Samples:

In barter, finding someone who wants your product and has what you need is called ______ coincidence of wants.
Answer: double

One of the most important qualities of money is its general ______.
Answer: acceptability

Paper currency is considered legal tender because the law requires its ______.
Answer: acceptance

When money is used to compare the value of different items, it functions as a unit of ______.
Answer: value

True or False Samples:

India is a closed economy with minimal foreign trade. – False

Exporting goods brings foreign exchange into the country. – True

Globalization promotes isolation and self-sufficiency. – False

India imports petroleum due to lack of adequate domestic reserves. – True

Chapter 15 – Banking and Credit – Important Questions

MCQ Samples:

What is the primary motive of a commercial bank in a capitalist economy? A. Public service B. Government regulation C. Profit D. Social welfare
Answer: C

Which document shows how much total credit can be created from an initial deposit and CRR? A. Balance sheet B. Annual report C. Multiplier D. Ledger
Answer: C

Match the Following Sample:

Banking Concepts with Their Definitions:

Column A – Concept | Column B – Definition A. Primary Deposit | 1. Money deposited by customers from their own funds B. Secondary Deposit | 2. Deposit created when bank loans are credited C. Credit Multiplier | 3. Formula: 1 divided by CRR

Answer: A-1, B-2, C-3

Fill in the Blanks Samples:

The credit multiplier is calculated as 1 divided by ______.
Answer: CRR

Commercial banks earn through ______ income, investments, and service charges.
Answer: interest

Chapter 18 – Analysis of Data – Important Questions

MCQ Samples:

Which of the following is not a purpose of computing averages? A. To summarize raw data B. To identify qualitative patterns C. To help policy formulation D. To facilitate comparison
Answer: B

Which measure of central tendency is commonly referred to as the arithmetic average? A. Median B. Mode C. Arithmetic Mean D. Standard Deviation
Answer: C

Fill in the Blanks Samples:

Averages summarize ______ data, not qualitative patterns.
Answer: quantitative

Arithmetic mean is the most commonly used form of ______ in economics.
Answer: average

Chapter 20 – Sectoral Aspects of Indian Economy – Important Questions

MCQ Samples:

What was the share of the industrial sector in India's GDP in 2009 to 2010? A. 55% B. 15% C. 28% D. 10%
Answer: C

How much foreign investment was attracted by computer services in India in 2009 to 2010? A. Rs. 1.18 lakh crore B. Rs. 47,000 crore C. Rs. 2.22 crore D. Rs. 16,000 crore
Answer: B

Which of the following shows interlinkage of sectors? A. Factory using imported machinery B. Farmer buying pump set from city C. Bank opening rural branches D. Metro rail project expansion
Answer: B

Chapter 22 – Indian Economy in the Global Context – Important Questions

True or False Samples:

India is a closed economy with minimal foreign trade. – False

Exporting goods brings foreign exchange into the country. – True

Globalization promotes isolation and self-sufficiency. – False

Comparative advantage means producing what a country is least efficient at. – False

India imports petroleum due to lack of adequate domestic reserves. – True

Chapter 23 – Environment and Sustainable Development – Important Questions

MCQ Samples:

What is the term for development that balances environmental, economic, and social needs? A. Industrial development B. Capitalist growth C. Sustainable development D. Export-led growth
Answer: C

Match the Following Sample:

Types of Pollution with Major Causes:

Column A – Pollution Type | Column B – Cause A. Air Pollution | 1. Vehicular emissions and industrial smoke B. Water Pollution | 2. Untreated industrial effluents C. Soil Degradation | 3. Excessive chemical fertilizer use D. Noise Pollution | 4. Loudspeakers and traffic congestion

Answer: A-1, B-2, C-3, D-4

Chapter 24 – Consumer Awareness – Important Questions

MCQ Samples:

Which consumer responsibility is violated when one buys a product without a bill? A. Redressal B. Green consumption C. Tax evasion D. Responsible consumption
Answer: D

What is the maximum penalty for filing a frivolous complaint in a consumer court? A. Rs. 5,000 B. Rs. 10,000 C. Rs. 15,000 D. Rs. 20,000
Answer: B

What is the name of the topmost consumer court in India? A. Supreme Consumer Forum B. National Redressal Board C. National Consumer Disputes Redressal Commission D. National Legal Services Authority
Answer: C

Which right protects a consumer from being forced to buy unwanted products? A. Redressal B. Choice C. Information D. Safety
Answer: B

True or False Samples:

ISI and AGMARK are voluntary quality marks. – True

Awareness of rights is essential for exercising consumer power. – True

Only those who pay directly for a product are consumers under the CPA. – False

CPA protects consumers even in free product trials. – False

Most Repeated Topics in NIOS Economics 214 Exams

Based on previous year exam trends, the following topics appear most frequently.

All these topics with complete solutions are available in our full booklet from Unnati Education. If you also need the NIOS Class 10 question paper from previous years for Economics 214, Unnati Education provides complete sets with solutions on request.

Why Solving Objective-Based Important Questions Improves Scores in Economics

Many students read Economics chapters but struggle to apply concepts in objective questions during the exam. The reason is simple. Reading theory is different from practicing the exact question types that appear on the paper.

When you practice MCQs, fill in the blanks, and match the following chapter by chapter, you remember definitions, formulas, and concepts in a much sharper way. You learn to spot the key difference between similar-sounding options. You stop making avoidable mistakes that cost marks.

Here is why chapter-wise objective practice works so well for NIOS Economics 214:

You practice MCQs and match questions from every chapter separately

You understand economic concepts clearly through the explanations given with each question

You remember formulas like AC = TC divided by Q and MC = Change in TC divided by Change in Q without confusion

You identify which topics like demand types, cost formulas, and consumer rights repeat most in exams

You build confidence in data-based and case-study questions through regular practice

Students who use our NIOS Class 10 Important Questions booklet for Economics 214 consistently score better in all sections of the paper.

Common Mistakes Students Make While Preparing Economics

The most common mistake is treating Economics like a theory subject and ignoring the objective question types. NIOS Economics 214 has a strong objective section, and students who do not practice MCQs regularly lose easy marks.

The second mistake is confusing similar concepts. For example, many students mix up the difference between primary deposits and secondary deposits in banking, or confuse normal goods with Giffen goods in demand. Chapter-wise practice prevents this confusion completely.

The third mistake is skipping match the following questions. These are high-scoring questions that are very straightforward when you have practised them once. Students who skip them during revision lose marks unnecessarily.

The fourth mistake is not practising formula-based questions for cost, revenue, and data analysis. These questions have fixed correct answers and can be solved perfectly every time with just a little practice. For NIOS Class 10 Intext and Terminal Questions for Economics 214, our team provides complete written solutions that make these sections much easier.

Important Dates for NIOS Class 10 Economics 2026

Contact Unnati Education for the latest updates on exam dates and submission deadlines.

Who Should Use This Important Question Bank

This booklet is right for you if you are a NIOS Class 10 student preparing for the Economics 214 exam in 2026. It is especially helpful if you want to focus on the most important and most repeated objective questions. Students who have limited time and need to revise smartly will benefit the most. If you want to improve your MCQ score, match the following accuracy, and fill in the blanks performance together in one focused resource, this is exactly what you need.

About Unnati Education – NIOS Support Since 2010

Unnati Education has been helping NIOS students across India since 2010. We provide solved TMAs, previous year papers, practical files, chapter-wise notes, and important question booklets for all NIOS subjects including Economics 214. When you buy our NIOS Economics 214 important question booklet, you get complete chapter-wise objective questions along with accurate solutions verified by subject experts. We also provide NIOS Economics 214 intext answers and terminal question solutions on request. Our resources are always updated as per the latest NIOS guidelines.

How to Get Complete Answers and Study Material

The sample questions shown on this page are just a small preview. The complete booklet covers all chapters including Goods and Services, Basic Economic Activities, Production, Cost and Revenue, Demand, Supply, Money, Banking, Analysis of Data, Sectoral Aspects of Indian Economy, Indian Economy in the Global Context, Environment and Sustainable Development, and Consumer Awareness. Every chapter has MCQs, fill in the blanks, true or false, and match the following with fully accurate answer keys and explanations.

To get your complete important question booklet with solutions, or if you need previous year papers, TMA solutions, or any other NIOS study material for Economics 214, reach out to Unnati Education today.

Phone and WhatsApp: 9654279279 or 9899436384

Website: unnatieducations.com

Frequently Asked Questions

Q1. Is this NIOS Economics Book Class 10 important question booklet updated for the 2026 exam?

Yes, this booklet is fully updated for the 2026 NIOS Economics 214 exam. All questions are based on the latest syllabus and cover every chapter with MCQs, fill in the blanks, true or false, and match the following. Regular practice with these questions will help you score better in all objective sections of your NIOS Economics theory paper.

Q2. Where can I get the complete answers for the NIOS Economics 214 important questions shown on this page?

The complete answers and explanations for all objective questions are available through Unnati Education. When you contact us on 9654279279 or 9899436384, we provide the full booklet with chapter-wise questions and accurate solutions verified by our Economics subject experts. Every answer includes a clear explanation for better understanding of the concept.

Q3. Does the booklet cover formula-based questions for Cost, Revenue, and Data Analysis chapters?

Yes, the complete booklet covers formula-based questions including Average Cost, Marginal Cost, Total Revenue, Arithmetic Mean, and all other numerical and concept questions from the Cost and Revenue and Analysis of Data chapters. Match the following questions on these formulas with full explanations are also included in the booklet.

Q4. Can I also get NIOS Economics 214 intext answers and terminal questions from Unnati Education?

Yes, Unnati Education provides complete solutions for NIOS Economics 214 intext answers and terminal questions on request. Contact us on our phone or WhatsApp number to get these solution sets along with the objective question booklet and any other additional study material you may need for your complete 2026 NIOS Class 10 Economics exam preparation.

Q5. I also need previous year Economics question papers. Can Unnati Education help with that?

Absolutely. Unnati Education provides NIOS previous year question papers with complete solutions for Economics 214 and all other NIOS subjects. If you need TMA solutions, practical files, or notes alongside this important question booklet, our team at Unnati Education is fully ready to support you with everything needed for your NIOS Economics 214 preparation.