Introduction

1st Year Economics Guess Paper 2026 If you are a 1st year Economics student and you want to score maximum marks in the exam, then this 1st Year Economics Guess Paper 2026 will be the best guide for you.

This guess paper is designed keeping in mind the latest pattern, important chapters, mandatory short questions, long questions, and MCQs.

In this article, you will get
✔ Separate guess paper for all Punjab boards
✔ Important MCQs
✔ Compulsory Short Questions
✔ Important Long Questions
✔ Study Tips
✔ PDF Guess Paper Download Section
✔ FAQs
all at one place.

Why 1st Year Economics Guess Paper 2026 is Important?

Economics is a subject that includes topics like conceptual definitions, principles, market types, economic system, supply and demand, income, inflation, and national output. This guess paper is very helpful in organizing and simplifying the exam preparation.

All Punjab Board 1st Year Economics Guess Paper 2026

This guess paper has been prepared according to all these boards:

Lahore Board
Faisalabad Board
Multan Board
Sargodha Board
Rawalpindi Board
Gujranwala Board
Bahawalpur Board
D.G. Khan Board

The important questions according to each board are given below.

Lahore Board 1st Year Economics Guess Paper 2026

Important Short Questions
Who defined economics?
What is an economic problem?
What is the difference between supply and demand?
Write the types of inflation.
What is elasticity of demand?

Important Long Questions
Explain the economic problem with examples.
Draw graphs of supply and demand and explain.
Write the types of economic systems.

Faisalabad Board 1st Year Economics Guess Paper 2026

Important Short Questions
Difference between Microeconomics and Macroeconomics
Types of Factors of Production
What is National Income?
Difference between Saving and Investment

Important Long Questions
Causes and Effects of Inflation
Methods of Measuring National Income
Types of Markets (Perfect, Monopoly, Oligopoly)

Gujranwala Board 1st Year Economics Guess Paper 2026

Important Short Questions
What is Utility?
What is Marginal Utility?
Factors Determining Price

Important Long Questions
Utility Analysis
Demand Curve and Law of Demand
Price Mechanism

Multan Board 1st Year Economics Guess Paper 2026

Important Short Questions
Basic Activities of the Economy
Types of Economy
Law of Diminishing Returns

Important Long Questions
Description of Factors of Production
Cost and Revenue Curves
Market Equilibrium

Sargodha Board 1st Year Economics Guess Paper 2026

Important Short Questions
What is GDP?
What is Deflation?
Characteristics of Monopoly

Important Long Questions
Difference between GDP and GNP
Inflation: Meaning, Types and Effects
Supply Law with Graph

Rawalpindi Board 1st Year Economics Guess Paper 2026

Important Short Questions
What is Economic Growth?
What is Human Capital?
Definition of Capital Market

Important Long Questions
Economic Development vs Growth
Production Possibility Curve
Market Failure

Bahawalpur Board 1st Year Economics Guess Paper 2026

Important Short Questions
What are the wants?
Meaning of Scarcity
Characteristics of Mixed Economy

Important Long Questions
Characteristics of Mixed Economy
Economic Problems and Solutions
Perfect Competition

D.G Khan Board 1st Year Economics Guess Paper 2026

Important Short Questions
Income Effect
Opportunity Cost
Financial Institutions

Important Long Questions
Opportunity Cost with Examples
Banking System and Its Role
Cost Analysis

Important MCQs for 1st Year Economics 2026

Law of Demand was introduced by?
GDP stands for?
Inflation is a rise in:
Capital includes?
How many sellers does Monopoly have?

Economics Important Long Questions (For All Boards)

Inflation: Types and Effects
Demand and Supply with Graphs
National Income Measurement
Price Elasticity of Demand
Production Possibility Curve (PPC)

Economics Important Short Questions (For All Boards)

Wants vs Needs
Market Definition
Types of Elasticity
Utility Concept
Economic Problem

Download 1st Year Economics Guess Paper 2026 PDF

1st Year Economics Guess Paper 2026

Study Tips for 1st Year Economics

Devote at least 1 hour to Economics daily.
Memorize definitions and laws well.
Practice graphs, because they are mandatory in the exam.
Solve previous papers.
Make concise notes of important long questions.

Benefits of Guess Papers

Focuses on important questions
Better preparation for the exam
Saves time
Gets more marks with less effort
Gets summary in simple words

FAQs

Q1: Is this 1st Year Economics Guess Paper 2026 for all boards?
Yes, it is prepared according to all Punjab boards.

Q2: Does this guess paper include Long and Short Questions?
Yes, both are included.

Q3: Is there a PDF download facility?
Yes, you can get the PDF from the button given above.

Q4: Is this guess paper sufficient for the exam?
If you prepare it well, you will definitely get good marks.

Q5: Is this guess paper updated every year?
Yes, it is prepared according to the latest academic session.