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HP SET Economics Free Mock Test
Crack the HP SET Economics Mock Test 2026 with the help of an online Test series or a free mock test. Every sample paper in the HP SET Economics Exam has a designated weight, so do not miss out on any paper. Prepare for the HP SET Economics mock test and check your test scores.
HP SET Economics Syllabus 2026, Exam Pattern
HP SET Economics Syllabus 2026, Exam Pattern, HP SET Exam Date 2026
Detail Information about HP SET has published notification 2026 for the Notification of State Eligibility Test. Those Candidates who are Interested to the following vacancy and completed all Eligibility Criteria can read the Notification & Apply Online. In this page we provide the Complete Syllabus of this Entrance Exam with Latest Update Exam Pattern and the Exam Date also.
Himachal Pradesh SET Syllabus 2026 - Overview
| Name of Exam | Himachal Pradesh State Eligibility Test |
| Conducting Body | Himachal Pradesh Public Service Commission |
| Exam Name | HP SET 2026 |
| Job Location | Himachal Pradesh |
| Mode of Exam | Offline/Online |
| Official Website | https://hppsc.hp.gov.in/ |
HP SET Economics Syllabus 2026
Economics Syllabus :
Unit-1 : Micro Economics :
Theory of Consumer Behaviors
Theory of Production and Costs
Decision making under uncertainty Attitude towards Risk
Game Theory – Non Cooperative games
Market Structures, competitive and non-competitive equilibria and their efficiency properties
Factor Pricing
General Equilibrium Analysis
Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
Welfare Economics: Fundamental Theorems , Social Welfare Function
Asymmetric Information: Adverse Selection and Moral Hazard
Unit-2 : Macro Economics
National Income: Concepts and Measurement
Determination of output and employment: Classical & Keynesian Approach
Consumption Function
Investment Function
Multiplier and Accelerator
Demand for Money
Supply of Money
IS – LM Model Approach
Inflation and Phillips Curve Analysis
Business Cycles
Monetary and Fiscal Policy
Rational Expectation Hypothesis and its critique
Unit- 3 : Statistics and Econometrics
Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem
Descriptive Statistics – Measures of Central tendency & dispersions,
Correlation, Index Numbers
Sampling methods & Sampling Distribution
Statistical Inferences, Hypothesis testing
Linear Regression Models and their properties – BLUE
Identification Problem
Simultaneous Equation Models – recursive and non-recursive
Discrete choice models
Time Series Analysis
Unit-4 : Mathematical Economics
Sets, functions and continuity, sequence, series
Differential Calculus and its Applications
Linear Algebra – Matrices, Vector Spaces
Static Optimization Problems and their applications
Input-Output Model, Linear Programming
Difference and Differential equations with applications
Unit-5 : International Economics
International Trade: Basic concepts and analytical tools
Theories of International Trade
International Trade under imperfect competition
Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
Exchange Rate: Concepts and Theories
Foreign Exchange Market and Arbitrage
Gains from Trade, Terms of Trade, Trade Multiplier
Tariff and Non-Tariff barriers to trade; Dumping
GATT, WTO and Regional Trade Blocks; Trade Policy Issues
IMF & World Bank
Unit-6 : Public Economics
Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
Regulation of Market – Collusion and Consumers’ Welfare
Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
Public expenditure
Public Debt and its management
Public Budget and Budget Multiplier
Fiscal Policy and its implications
Unit-7 : Money and Banking
Components of Money Supply
Central Bank
Commercial Banking
Instruments and Working of Monetary Policy
Non-banking Financial Institutions
Capital Market and its Regulation
Unit-8 : Growth and Development Economics
Economic Growth and Economic Development
Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.
Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
Technical progress – Disembodied & embodied; endogenous growth
Indicators of Economic Development: PQLI, HDI, SDGs
Poverty and Inequalities – Concepts and Measurement
Social Sector Development: Health, Education, Gender
Unit-9 : Environmental Economics and Demography
Environment as a Public Good
Market Failure
Coase Theorem
Cost-Benefit Analysis and Compensation Criteria
Valuation of Environmental Goods
Theories of Population
Concepts and Measures: Fertility, Morbidity, Mortality
Age Structure, Demographic Dividend
Life Table
Migration
Unit-10 : Indian Economy
Economic Growth in India: Pattern and Structure
Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
Rural Development – Issues, Challenges & Policy Responses
Urban Development – Issues, Challenges and Policy Responses.
Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
Infrastructure Development: Physical and Social; Public-Private Partnerships
Reforms in Land, Labour and Capital Markets
Centre-State Financial Relations and Finance Commissions of India; FRBM
Poverty, Inequality & Unemployment
Theory of Consumer Behaviors
Theory of Production and Costs
Decision making under uncertainty Attitude towards Risk
Game Theory – Non Cooperative games
Market Structures, competitive and non-competitive equilibria and their efficiency properties
Factor Pricing
General Equilibrium Analysis
Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
Welfare Economics: Fundamental Theorems , Social Welfare Function
Asymmetric Information: Adverse Selection and Moral Hazard
Unit-2 : Macro Economics
National Income: Concepts and Measurement
Determination of output and employment: Classical & Keynesian Approach
Consumption Function
Investment Function
Multiplier and Accelerator
Demand for Money
Supply of Money
IS – LM Model Approach
Inflation and Phillips Curve Analysis
Business Cycles
Monetary and Fiscal Policy
Rational Expectation Hypothesis and its critique
Unit- 3 : Statistics and Econometrics
Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem
Descriptive Statistics – Measures of Central tendency & dispersions,
Correlation, Index Numbers
Sampling methods & Sampling Distribution
Statistical Inferences, Hypothesis testing
Linear Regression Models and their properties – BLUE
Identification Problem
Simultaneous Equation Models – recursive and non-recursive
Discrete choice models
Time Series Analysis
Unit-4 : Mathematical Economics
Sets, functions and continuity, sequence, series
Differential Calculus and its Applications
Linear Algebra – Matrices, Vector Spaces
Static Optimization Problems and their applications
Input-Output Model, Linear Programming
Difference and Differential equations with applications
Unit-5 : International Economics
International Trade: Basic concepts and analytical tools
Theories of International Trade
International Trade under imperfect competition
Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
Exchange Rate: Concepts and Theories
Foreign Exchange Market and Arbitrage
Gains from Trade, Terms of Trade, Trade Multiplier
Tariff and Non-Tariff barriers to trade; Dumping
GATT, WTO and Regional Trade Blocks; Trade Policy Issues
IMF & World Bank
Unit-6 : Public Economics
Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
Regulation of Market – Collusion and Consumers’ Welfare
Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
Public expenditure
Public Debt and its management
Public Budget and Budget Multiplier
Fiscal Policy and its implications
Unit-7 : Money and Banking
Components of Money Supply
Central Bank
Commercial Banking
Instruments and Working of Monetary Policy
Non-banking Financial Institutions
Capital Market and its Regulation
Unit-8 : Growth and Development Economics
Economic Growth and Economic Development
Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.
Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
Technical progress – Disembodied & embodied; endogenous growth
Indicators of Economic Development: PQLI, HDI, SDGs
Poverty and Inequalities – Concepts and Measurement
Social Sector Development: Health, Education, Gender
Unit-9 : Environmental Economics and Demography
Environment as a Public Good
Market Failure
Coase Theorem
Cost-Benefit Analysis and Compensation Criteria
Valuation of Environmental Goods
Theories of Population
Concepts and Measures: Fertility, Morbidity, Mortality
Age Structure, Demographic Dividend
Life Table
Migration
Unit-10 : Indian Economy
Economic Growth in India: Pattern and Structure
Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
Rural Development – Issues, Challenges & Policy Responses
Urban Development – Issues, Challenges and Policy Responses.
Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
Infrastructure Development: Physical and Social; Public-Private Partnerships
Reforms in Land, Labour and Capital Markets
Centre-State Financial Relations and Finance Commissions of India; FRBM
Poverty, Inequality & Unemployment
HP SET Economics Exam Pattern 2026
| Paper | Subject | No.of Question | Marks | Duration |
| Paper - 2 | Economics | 100 | 200 | 120 Minutes |
| Total | 100 | 200 | 120 Minutes |
HP SET Exam Date 2026 : Notified Soon
Starting Date of Applcation Form : 05th January 2026
Last Date to Application Form : 30th January 2026
HP SET Economics 2026 Free Online Test Series
Crack HP SET Economics Mock Test 2026 with the help of Online Test Series or Free Mock Test. Every Sample Paper in Himachal Pradesh State Eligibility Test Exam has a designated weightage so do not miss out any Paper. Preprare for HP SET Economics Mock Test and check your test scores.
HP SET Economics Exam Free Online Question Bank
HP SET Economics question answer with solutions are available in Hindi & English. Join MCQ, Important Questions, Question Bank, questions and answers for Free HP SET Economics exam preparation.
Combo Offers
HP SET Economics Combo Packages
We Launches Combo Offers ! with Heavy Discount and Cost Saving Prices. Combo Packages includes - Online Mock Test Series + Important Questions or MCQs + Previous Year Papers with Answer.
Combo Package
HP SET Economics
Combo - 1 (Hindi)
1. Online Mock Test Series in Hindi = 10 Tests.
2. Question Bank - 1000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
4. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
2. Question Bank - 1000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
4. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
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Combo Package
HP SET Economics
Combo - 2 (Hindi)
1. Online Mock Test Series in Hindi = 15 Tests.
2. Question Bank - 1500 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
4. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
2. Question Bank - 1500 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
4. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
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Combo Package
HP SET Economics
Combo - 3 (English)
1. Online Mock Test Series in English = 10 Tests.
2. Question Bank - 1000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in English.
4. 1000 (+) GK MCQ with Answer PDF Book in English.
2. Question Bank - 1000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in English.
4. 1000 (+) GK MCQ with Answer PDF Book in English.
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Combo Package
HP SET Economics
Combo - 4 (English)
1. Online Mock Test Series in English = 15 Tests.
2. Question Bank - 2000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in English.
4. 1000 (+) GK MCQ with Answer PDF Book in English.
2. Question Bank - 2000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in English.
4. 1000 (+) GK MCQ with Answer PDF Book in English.
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Combo Package
HP SET Economics
Combo - 5 (English)
1. Online Mock Test Series in English = 25 Tests.
2. Question Bank - 2000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in English.
4. 1000 (+) GK MCQ with Answer PDF Book in English.
2. Question Bank - 2000 Questions with Answer.
3. 1500 (+) Current Affairs MCQ with Answer PDF in English.
4. 1000 (+) GK MCQ with Answer PDF Book in English.
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Combo Package
HP SET Economics
Combo - 6 (Hindi)
1. Online Mock Test Series in Hindi = 15 Tests.
2. Question Bank - 2000 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
5. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
2. Question Bank - 2000 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
5. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
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Combo Package
HP SET Economics
Combo - 7 (English)
1. Online Mock Test Series in English = 25 Tests.
2. Question Bank - 2000 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. 1500 (+) Current Affairs MCQ with Answer PDF in English.
5. 1000 (+) GK MCQ with Answer PDF Book in English.
2. Question Bank - 2000 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. 1500 (+) Current Affairs MCQ with Answer PDF in English.
5. 1000 (+) GK MCQ with Answer PDF Book in English.
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Combo Package
HP SET Economics
Combo - 8 (Hindi)
1. Online Mock Test Series in Hindi = 15 Tests.
2. Question Bank - 1500 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. EBook of HP SET Economics (1000 MCQ) PDF Format in Hindi.
5. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
6. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
2. Question Bank - 1500 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. EBook of HP SET Economics (1000 MCQ) PDF Format in Hindi.
5. 1500 (+) Current Affairs MCQ with Answer PDF in Hindi.
6. 1000 (+) GK MCQ with Answer PDF Book in Hindi.
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Combo Package
HP SET Economics
Combo - 9 (English)
1. Online Mock Test Series in English = 25 Tests.
2. Question Bank - 2000 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. EBook of HP SET Economics (1000 MCQ) PDF Format in English.
5. 1500 (+) Current Affairs MCQ with Answer PDF in English.
6. 1000 (+) GK MCQ with Answer PDF Book in English.
2. Question Bank - 2000 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. EBook of HP SET Economics (1000 MCQ) PDF Format in English.
5. 1500 (+) Current Affairs MCQ with Answer PDF in English.
6. 1000 (+) GK MCQ with Answer PDF Book in English.
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FAQs
Hp Set Economics 2026 Free Mock Test Frequently Asked Questions (FAQ's)
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