The NIOS Class 10 Economics 214 Objective Type Questions on this page are put together for learners who want a focused, exam-ready revision set for the 2026 session. Every item here is an objective type question with a clear answer and a short reason, so you can revise quickly and test yourself as you move through each lesson. Our team prepared this set after studying past papers and the complete Economics 214 book line by line.
By Prateek Talwar, Director, Unnati Educations. Reviewed by Jyoti Sharma, Senior NIOS Counsellor. Last updated: 16 July 2026.
Quick summary: This collection covers all 14 lessons of NIOS Secondary Economics (214), with multiple choice questions, fill in the blanks, true or false statements, and solved match the following sets. The questions below are a no-cost preview so you can judge the quality yourself. The complete, chapter-wise question bank with answers is shared directly on WhatsApp.
NIOS Class 10 Economics 214 Objective Type Questions at a Glance
Economics 214 is a scoring subject at the NIOS secondary level, and the objective section is where most learners can secure easy marks with the right practice. This page turns that idea into a ready plan. You get high-yield questions grouped by lesson and by question type, each one written in plain language so the meaning is never in doubt during revision.
Because the questions are short and self-checking, they suit last-minute revision as well as a first full read of the subject. You can attempt a set, read the answer reason, and immediately know which topics still need work before the Economics 214 examination.
Chapter-Wise Economics 214 Question Coverage for Class 10
The complete question bank spans every lesson prescribed for the subject, and it maps neatly to the official NIOS Class 10 Syllabus so that nothing examinable is skipped. The table below lists all 14 lessons covered, from basic microeconomic ideas to the Indian economy and consumer awareness.
| Lesson | Chapter Name | Key Topics Covered |
|---|---|---|
| 3 | Goods and Services | Goods versus services, durable and single-use goods, producer and consumer goods |
| 6 | Basic Economic Activities | Production, consumption, exchange and distribution as the core activities |
| 7 | Production | Factors of production, total average and marginal product, law of variable proportions |
| 8 | Cost and Revenue | Fixed and variable cost, explicit and implicit cost, total average and marginal revenue |
| 9 | Demand | Law of demand, determinants of demand, individual and market demand |
| 10 | Supply | Law of supply, determinants of supply, movement along and shift in supply |
| 14 | Money and Its Role | Functions of money, problems of barter, forms of money |
| 15 | Banking and Credit | Primary and secondary functions of banks, credit creation, role of the central bank |
| 17 | Collection and Presentation of Data | Primary and secondary data, sampling, tabulation and presentation |
| 18 | Analysis of Data | Measures of central tendency, mean median and mode, interpretation of data |
| 20 | Sectoral Aspects of Indian Economy | Primary secondary and tertiary sectors, their features and contribution |
| 22 | Indian Economy in the Global Context | Globalisation, foreign trade, India in the world economy |
| 23 | Environment and Sustainable Development | Environmental degradation, sustainable development, resource conservation |
| 24 | Consumer Awareness | Consumer rights, consumer exploitation, consumer protection measures |
Four Types of Economics Objective Questions You Will Get
The objective portion of the paper rewards variety in practice, so the bank is organised into four familiar formats. Together they cover the full range of ways an examiner can test a single idea, and they stay aligned with the wider NIOS Syllabus for the secondary stage.
Multiple choice questions
Four options with one best answer, useful for testing quick recall and fine distinctions between similar terms in Economics.
Fill in the blanks
Single-word or short-phrase answers that check whether you remember key definitions and terms from each lesson.
True or false statements
Statements you mark as correct or incorrect, ideal for spotting common misconceptions in Economics theory.
Match the following
Two columns to be paired correctly, which trains you to link terms, examples, and their meanings under time pressure.
Sample Economics 214 Multiple Choice Questions
Here are a few multiple choice questions taken straight from the bank so you can see the standard and the style of explanation.
Lesson 3 · Goods and Services
Q1. 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
Explanation: Services are intangible and are consumed the moment they are produced. For example, when a doctor examines a patient, the service is both produced and consumed simultaneously.
Lesson 3 · Goods and Services
Q2. Which of the following scenarios represents a consumer durable good?
A. Wheat used by a bakery
B. Water used to extinguish fire
C. Refrigerator used in a household
D. Electricity used in a factory
Answer: C
Explanation: Refrigerator is a durable good used directly by the consumer and can be used repeatedly over time.
Lesson 8 · Cost and Revenue
Q2. If a farmer uses his own tractor, what kind of cost does it incur?
A. Fixed cost
B. Explicit cost
C. Implicit cost
D. Variable cost
Answer: C
Explanation: Implicit cost is the cost of using self-owned resources. The farmer doesn't pay himself but forgoes rental income.
Lesson 9 · Demand
Q2. Varsha desires to buy a car but cannot afford it. This is:
A. Demand
B. Need
C. Desire
D. Market demand
Answer: C
Explanation: Demand = Desire + Ability to pay. Without purchasing power, it remains just desire.
Lesson 15 · Banking and Credit
Q1. Which of the following functions is not considered a primary function of a commercial bank?
A. Accepting deposits
B. Giving loans
C. Providing locker facility
D. Creating credit
Answer: C
Explanation: Providing locker facility is a secondary function; accepting deposits and giving loans are primary.
Lesson 20 · Sectoral Aspects of Indian Economy
Q1. Which of the following is not a component of the primary sector?
A. Mining
B. Agriculture
C. Manufacturing
D. Fishery
Answer: C
Explanation: Manufacturing is part of the secondary sector; the others belong to the primary sector.
Sample Economics 214 Fill in the Blanks
Fill in the blanks questions reward clean memory of definitions. These three from the Goods and Services lesson show the level of detail you can expect.
Lesson 3 · Goods and Services
1. Goods that possess utility but are not scarce are called free goods.
Explanation: Free goods like air or sunlight are available in abundance and do not have a price despite their usefulness.
2. Goods that help in producing other goods are called producer goods.
Explanation: Machinery, raw materials, and seeds all aid in production rather than direct consumption.
3. Goods used only once and completely consumed in the process are called single use goods.
Explanation: Items like bread or fuel are used once and cannot be reused.
Sample Economics True or False Statements
True or false statements are perfect for catching small errors in understanding. Notice how each explanation makes the correct idea stick.
Lesson 3 · Goods and Services
1. Durable use goods can be used only once. – False
Explanation: Single-use goods are used once. Durable ones last longer, such as a TV.
2. Public goods are denied to individuals who do not pay for them. – False
Explanation: Public goods are non-excludable, so everyone can access them.
Lesson 7 · Production
1. Marginal product can be negative. – True
Explanation: When overemployment happens, MP turns negative, decreasing TP.
2. The point of zero marginal product indicates maximum total product. – True
Explanation: Beyond this point, output cannot increase further.
Sample Economics 214 Match the Following
Match the following sets check whether you can connect a term with its example or meaning. Here is one solved set from the Goods and Services lesson.
Lesson 3 · Goods and Services
Match the types of goods with their correct characteristics.
| Column A – Type of Goods | Column B – Characteristic |
|---|---|
| A. Free Goods | 1. Not scarce, no price |
| B. Economic Goods | 2. Have utility and limited in supply |
| C. Public Goods | 3. Owned collectively, accessible to all |
| D. Private Goods | 4. Exclusively owned, rivalrous in nature |
Answer: A → 1, B → 2, C → 3, D → 4
Question Paper Preview for Economics 214
The snapshots below are taken from the actual booklet so you can see the layout, the answer key, and the explanation style before you decide. Every lesson in the full set follows the same clean format.
Sample MCQ page from the Economics 214 booklet
Sample match the following page from the booklet
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How We Prepared These Economics 214 Objective Questions
These questions were not generated in a hurry. Our subject team studied the pattern seen across the NIOS Previous Year Question Paper sets for Economics 214, noted the topics that repeat, and then read the full textbook to make sure no important idea was left out. The result is a set that reflects both what has been asked before and what the book emphasises.
Each question carries a one-line reason for the correct answer. This small habit matters, because it helps you understand the concept rather than memorise a letter. When a similar question appears in a slightly changed form in the exam, you are still able to answer it with confidence.
Get the Complete NIOS Class 10 Economics 214 Objective Type Questions PDF
The samples above are only a small slice of the bank. The complete set carries the full run of multiple choice questions, fill in the blanks, true or false statements, and solved match the following sets for all 14 lessons, each with answers and short explanations. It is delivered as a clean PDF that you can read on any phone or laptop.
To receive the full Economics 214 question bank, send us a message on WhatsApp and mention the subject and code. Our team will share the pricing and the file details, and answer any question about coverage for the 2026 session. You can also ask for the alternate number 9899 436 384 if the first line is busy.
Get the full NIOS Class 10 Economics 214 Objective Type Questions with answers today.
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How to Prepare with These Economics 214 Objective Type Questions
Start by reading a lesson once from the book, then attempt the matching set of objective questions without looking at the answers. Mark the ones you get wrong and read only those explanations again. To lock the concepts in, pair each lesson with the matching NIOS Study Material so the theory and the questions reinforce one another.
Revisit your weak lessons two or three days later and attempt a fresh mix of question types. If you are preparing for more than one subject, our wider NIOS Class 10 Objective Type Questions collection follows the same simple format, which keeps your revision steady across the whole timetable.
Give yourself a timed mock a week before the exam using a full lesson set. This builds speed for the objective section and leaves you calmer on the day, since the format will already feel familiar.
FAQs on NIOS Class 10 Economics 214 Objective Questions
What do the Economics 214 objective questions cover?
The Economics 214 objective questions cover all 14 lessons of the NIOS secondary syllabus, from Goods and Services to Consumer Awareness. Each lesson includes multiple choice questions, fill in the blanks, true or false statements, and solved match the following sets. Every question comes with the correct answer and a short reason, so you understand the concept while you revise for the 2026 examination.
Are the Economics 214 questions based on the latest 2026 pattern?
Yes, the Economics 214 questions are prepared for the 2026 session. Our team studied recent question papers alongside the full textbook, then shaped the objective set around the topics that appear most often. Because the format matches the current pattern, the practice you do here closely mirrors what you will face in the actual NIOS secondary Economics paper.
How many chapters of Economics 214 are included in this bank?
All 14 lessons of Economics 214 are included, covering microeconomic ideas, money and banking, data handling, and the Indian economy. The chapter table on this page lists each one with its lesson number. This full coverage means you can revise the entire subject from a single organised source instead of hunting for questions lesson by lesson.
Are answers and explanations given for every Economics 214 question?
Every Economics 214 question carries both an answer and a brief explanation. The explanation states why the option is correct in one or two lines, which helps you learn the idea rather than memorise a letter. This approach is useful when an examiner rewords a familiar question, since you can still reason your way to the right answer.
How can I get the full Economics 214 objective type questions PDF?
You can get the full Economics 214 PDF by messaging us on WhatsApp at 9654 279 279 or the alternate line 9899 436 384. Mention the subject and code, and our team will share the pricing and file details. The complete set arrives as a clean PDF you can open on any device, ready for both first study and quick revision.
Do these Economics 214 Objective Type Questions help for the NIOS exam?
These Economics 214 Objective Type Questions are built to help you score in the objective section, which is often the most reliable source of marks. By practising the four question formats across every lesson, you cover the common ways the paper tests each idea. Regular practice with the answer reasons builds both accuracy and speed for the NIOS secondary examination.
Disclaimer: Unnati Educations is an independent academic support platform and is not affiliated with, endorsed by, or connected to the National Institute of Open Schooling (NIOS). All trademarks, question paper rights, and study material rights belong to their respective owners. The questions on this page are prepared for revision and guidance purposes only.
