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Academic Level 1

Economics Foundations

A quick check of the economics a Class 11 or 12 student needs, with a score for each area and tips on what to revise.

  • 20 questions
  • 20 min
  • 4 areas
Start now Get your instant report 1 credit per attempt

Code ECOFN · Economics series

1 Answer 20 questions 20 min with a timer, on phone or laptop.
2 Get your report instantly Scores, strengths and what to work on, the moment you finish.
3 Share your certificate Add it to LinkedIn or your CV, with a link anyone can verify.

What it measures

Overall economics foundations Average of the four areas.

1 Basic ideas and economic systems Scarcity, choice, opportunity cost, the production possibility curve, the central problems of an economy and the sectors of an economy.
2 Demand, supply and markets The law of demand and supply, shifts and movements, price elasticity, market equilibrium, forms of market and price controls.
3 National income, money and banking GDP and national income, inflation, the functions of money, commercial banks, the Reserve Bank of India and its main tools.
4 Indian economy and government The Union Budget, taxes and GST, planning and NITI Aayog, the 1991 reforms, poverty, employment and India's trade.

Your instant report

  • Overall score and band
  • Scores for each of the 4 areas
  • Strengths and tips for each area
  • Certificate of completion

Taking it on your own? The report and certificate open the moment you finish. When an organization runs it, the organization decides when to share them.

Who it is for

Class 11 and 12 students of economics (CBSE, ICSE and state boards), students preparing for CUET economics, and anyone starting out in economics. A few questions need a simple calculation.

The first level of the Economics series, for high school students. Check your grasp of the basics: scarcity and choice, demand and supply, national income, money and banking, and India's economy and Budget. 20 questions in 20 minutes.

  • Economics
  • Microeconomics
  • Macroeconomics
  • Indian economy
  • Class 11
  • Class 12
  • Board exams
  • Students
  • Beginner
Where do you stand? Find out in 20 min. No waiting: your report and certificate are ready the moment you finish.
Start now Get your instant report

How it runs

  1. Practice1 questionWarm-up, not scored
  2. Basic ideas and economic systems5 questions
  3. Demand, supply and markets5 questions
  4. National income, money and banking5 questions
  5. Indian economy and government5 questions

Question types

Instructions shown before starting

20 questions in 20 minutes, across 4 areas of economics. A few questions need a simple calculation, so keep a pen and paper ready. Most questions have one correct answer. For 'Select all that apply' questions, choose every correct option. There is no penalty for a wrong answer.

Version 1, published 27 Oct 2026.

The Economics series

Take them in order to build up step by step. See the whole series

  1. Level 1 · You are hereEconomics Foundations
  2. Level 2Economics CoreCode ECOCR
  3. Level 3Advanced EconomicsCode ECOAD
  4. Level 4Applied Economics for ProfessionalsCode ECOAP

Related assessments

Economics Foundations20 questions · 20 min · 1 credit Start now ⚡

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