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OPSC PGT Economics Free Mock Test
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OPSC PGT Economics Syllabus 2026 & Exam Pattern
OPSC PGT Economics Syllabus 2026, Exam Pattern, Exam Date 2026
Detail Information about OPSC (Odisha Public Service Commission) has published notification 2026 for the recruitment of PGT (Economics) vacancies. 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 Recruitment with Latest Update Exam Pattern and the Exam Date also.
OPSC PGT Syllabus 2026 - Overview
OPSC PGT Syllabus 2026 - Overview
| Name of Organization | Odisha Public Service Commission |
| Name of the Post | PGT (Post Graduate teacher) |
| Number of vacancies | Notified Soon |
| Category | Syllabus |
| Location | Odisha |
| Official Website | https://www.opsc.gov.in/ |
OPSC PGT Economics Syllabus 2026
Paper 1 Syllabus :-
General English :
1. Spotting Errors
2. Antonyms
3. Homonyms
4. synonyms
5. Word Formation
6. Spelling Test
7. Sentence Arrangement
8. Error Correction (Underlined Part)
9. Transformation
10. Passage Completion
11. prepositions
12. Sentence Improvement
13. Joining Sentences
14. Theme Detection
15. Topic rearrangement of passage
16. Error Correction (Phrase in Bold)
17. Fill in the blanks
18. Data Interpretation
19. Direct and Indirect speech
20. Active and Passive Voice.
General Knowledge :
1. About India
2. Indian Constitution
3. National News (current)
4. Indian Culture
5. Economy
6. History – India & World
7. Cultural Heritage
8. General Science
9. Space & IT
10. Political Science
11. Indian National Movement
12. Indian Polity & Governance
13. Science & Technology
14. Scientific observations
15. Important Days
16. General Knowledge of Karnataka
17. Important Financial & Economic News
18. Current Affairs – National & International
19. Indian Constitution
20. International issues
21. Abbreviations
22. Economic Scene
23. Everyday Science
24. Sports and Games
25. Science – Inventions & Discoveries
26. History
27. General Politics
28. Awards and Honors
29. Culture
30. Books and Authors
31. Current events
32. Geography
33. Current Affairs
34. Social Science
35. Inventions in the World
36. Indian Economy
37. Indian Parliament
38. Botany
39. Chemistry
40. Indian Politics
Concerned Subject (Economics) :
PAPER – I :-
UNIT-I : Microeconomics : A critic of the cardinal approach, Indifference Curve Approach, Revealed Preference Approach, Laws of returns and returns to scale, Cost curves, Duality in production, Value determination under Perfect Competition, Monopoly, Discriminating Monopoly, Monopolistic Competition, Non-collusive
oligopoly, Collusive oligopoly-cartel and price leadership, Profit maximization hypothesis vs. sales maximization hypothesis. Full cost pricing, Bain’s Limit Pricing Theory, Marginal Productivity Theory, Euler’s theorem,. Theories of rent, wage, interest and profit, Macro theories of distribution, General equilibrium (2X2X2)
model, Efficiency of general equilibrium, Pareto welfare optimality, New welfare economics, Social Welfare Function.
UNIT-II : Money, Banking and International Trade : Quantity Theories of Money, Components of money supply, High-powered Money and Money Multiplier,
Demand for money-Classical, Keynesian, Friedman’s, Baumol’s, Tobin’s approaches, Theories of Inflation-Demand-pull vs. Cost-push inflation, Trade-off and Non-Tradeoff Phillips’ curves, Structuralist approach, Rational expectations hypothesis, Structure of interest rates-team structure of interest rates, Changing theories of
commercial banking, Functions of central bank, Instruments of monetary policy, Effectiveness of monetary policy, Non-banking financial intermediaries, Pure
Theories of International Trade, Theories of international trade, Terms of trade, Gains from trade, Trade under imperfect competition and increasing returns to scale, Optimum tariff, Theory of Customs Union, Balance of payments, Disequilibrium in balance of payments and methods of its adjustment, market for foreign exchangeequilibrium rate of exchange, Fixed vs. flexible rates of exchange, Monetary approach to balance of payments, IMF, World Bank WTO
UNIT-III-acroeconomics : National income and social accounting, Classical microeconomics, Keynesian macroeconomics, Theories of consumption functions,
Marginal efficiency of investment, Accelerator theory of investment, static and dynamic multipliers-operation and policy implications, Keynesian theory of interest
rate determination, Liquidity Trap and the policy implications, IS-LM model, Patinkin’s real balance effect, Keyens and Pigou effects, Open economy macroeconomics- Mundell-Fleming model, Theories of trade cycles- Hawtrey, Hayek, Keynes, Schumpeter, Samuelson, Hicks, kaldor approaches, Control of business cycles-relative effective efficacy of monetary and fiscal policies.
UNIT-IV Public Economics : Normative approach to public finance, Optimal allocation of resources between public and private sectors, Private goods and Public
goods, Externalities and market failure, merit goods, Downs’ Economics Theory of Democracy and vote maximization, Optimum provision of public goods, Voluntary exchange models, Contributions of Pigou-Dalton, Samuelson, Musgrave, Arrow’s impossibility theorem, Growth of public expenditure, Pure theory of public expenditure, Criteria for public investment-social cost-benefit analysis, Ability to pay approach, Theory of optimal taxation, Direct and indirect taxes, Excess burden of taxes, Neutrality and tax burden, Theory of tax incidence, Incidence of commodity and income taxes, Alternative concepts of incidence, A general theory of tax incidence, Burden of public debt Internal vs. external debt, Intergeneration equity, Public debt management, Debut redemption, Fiscal policy for stabilization, Built-in flexibility, Formula flexibility rules vs. discretionary stabilizers, Role of fiscal policy, Balanced budget multiplier and its policy implications.
UNIT-V: Economics of Development, Planning and Environment : Determinants of economic development, Indexes of development, Factors affecting economic
development, Models of growth- Classical model, Harrod-Domar model, Solow model, Robinson’s model, Kaldor’s model, Endogenous growth models, Vicious circle of poverty, Stages of economic growth, Growth with surplus labour- Lewis model, Theory of big push, Balanced vs. unbalanced growth, Critical minimum
effort thesis, Dualism, Ranis-Fei model, Dependency theory of development, Forward and backward linkage hypothesis, Terms of trade between agriculture and
industry, International trade and development, Export led growth, Investment criteria and choice of techniques, Intermediate technique vs. appropriate technique,
Planning in a liberalized regime, Planning and economic development, Plan modelsFeldman-Mahalanobis models, Democratic decentralization and indicative planning, Micro level planning, Environment economy interaction, Managing exhaustible and renewable resources, Sustainable development, Common property resources, Environmental Kuznets curve, Optimal level of pollution, Marketable pollution permits, Market achievement and optimal pollution, Coasian bargaining problem, Pigovian tax, Measurement of environmental values, Global environmental externalities, Climatic change and carbon tax.
PAPER-II :-
UNIT-I : Features of Indian Economy: Demographic features, Poverty, inequality and unemployment- their measurements and facing their challenges, Planningpriorities of planning, Five-Year Plans, Planning and resource mobilization, Planning for inclusive growth, Environment-mechanism for environmental regulation in India, environmental laws and their implementation, controlling water and air pollution, environmental resource management in India, Reforms in Indian economy- New Economic Policy, structural changes in India economy, challenges and issues of globalization of the Indian economy, Indian Public Finance- fiscal reforms in India, fiscal federalism in India, Finance Commissions, theory of grants.
UNIT-II : Indian Agriculture and Industries: New Agricultural Strategy, Farm size and land productivity, Land reforms, Agricultural finance, Agricultural marketing, Pricing of farm products, Cooperatives, Agribusinesses, Growth and pattern of industrialization in India, Problems of large and small scale industries in India, Industrial Policy Resolutions of the Government of India, Industrial finance, Foreign capital, Public enterprises- privatization and disinvestment debates, Special Economic Zones-relevance, major issues and achievements.
UNIT-III- Banking and Service Sectors of India: Structure of Indian financial sector, Broad features of Indian banking system, Banking and financial sector reforms in India, Policy issues in banking sector-non-performing asset problems, Microfinance institutions in India, Problems and prospects of microfinance, Reserve Bank of India, Techniques of monetary control, Monetary policy, Indian stock market- Primary and secondary markets, markets for derivatives- futures, options and other forms of derivatives, SEBI, Components of service sector of India including information sector and their growth profile.
UNIT-IV : Economic and Social Infrastructure of India: Transport- growth of transport sector, institutional arrangement, development of its sub-sectors-surface transport, air transport and water transport, Communication- communication systems in India, Indian telecom industry-competition, FDI flow, regulatory framework, Energy-forms of energy, energy resources and conservation, government policy, Education- structure of education delivery, finance for education, Education policy, Health- health care structure, rural and urban health infrastructure, Inter-state variation in health infrastructure, National Health Policy, Housing- rural and urban housing schemes in India, Millennium Development Goals and social sector of India.
UNIT-V : Indian External Sector: Structure and features of India’s foreign trade, Reforms in India’s external sector, EXIM Policy and FEMA, Balance of payments of India, Efforts for external balance, Global financial situation and India’s external sector, India and WTO.
OPSC PGT Economics Exam Pattern 2026
Negative Marking : 0.25
| Paper | Subject | No.of Question | Marks | Duration |
| Paper 1 | Part-I General English | 50 | 50 | 2 Hour |
| Part-II General Knowledge | 50 | 50 | ||
| Paper 2 | Concerned Subjects (Economics) | 100 | 100 | 2 Hour |
| Paper 3 | Concerned Subjects (Economics) | 100 | 100 | 2 Hour |
Exam Date : Update Soon
Starting Date of Application Form : Notified Soon
Last Date of Application Form : Notified Soon
OPSC PGT Economics Exam Free Online Test Series
Crack OPSC PGT Economics Mock Test 2026 with the help of Online Test Series or Free Mock Test. Every Question Paper in OPSC PGT Economics Exam has a designated weightage so do not miss out any Paper. Practice for OPSC PGT Mock Test and check your test scores.
OPSC PGT Economics Exam Free Online Question Bank
OPSC PGT Economics question answer with solutions are available in Hindi & English. Join MCQ, Important Questions, Question Bank, questions and answers for Free OPSC PGT Economics exam preparation.
Combo Offers
OPSC PGT Economics Combo Packages
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Combo Package
OPSC PGT Economics
Combo - 1 Paper 1 (English)
1. Online Mock Test Series in English - 10 Tests
2. Question Bank - 1000 Questions with Answer.
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₹201₹231
Combo Package
OPSC PGT Economics
Combo - 2 Paper 1 (English)
1. Online Mock Test Series in English - 20 Tests
2. Question Bank - 1500 Questions with Answer.
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₹261₹291
Combo Package
OPSC PGT Economics
Combo - 3 Paper 2 & 3 (English)
1. Online Mock Test Series in English - 10 Tests
2. Question Bank - 1000 Questions with Answer.
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₹201₹231
Combo Package
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Combo - 4 Paper 2 & 3 (English)
1. Online Mock Test Series in English - 20 Tests
2. Question Bank - 1500 Questions with Answer.
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Combo Package
OPSC PGT Economics
Combo - 5 Paper 1 (English)
1. Online Mock Test Series in English = 20 Tests.
2. Question Bank - 1500 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. EBook of OPSC PGT Economics Exam (1000 MCQ) in PDF Format in English
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Combo Package
OPSC PGT Economics
Combo - 6 Paper 2 & 3 (English)
1. Online Mock Test Series in English = 20 Tests.
2. Question Bank - 1500 Questions with Answer.
3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. EBook of OPSC PGT Economics Exam (1000 MCQ) in PDF Format in English
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3. Printed Material 10 Mock Test Papers with OMR Sheet.
4. EBook of OPSC PGT Economics Exam (1000 MCQ) in PDF Format in English
₹781₹911
FAQs
Opsc PGT Economics 2026 Free Mock Test Frequently Asked Questions (FAQ's)
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