A process for producing a foamed plate or sheet having a density of 0.03-0.35 g/cm.sup.3, said process comprising continuously extruding, through a die selected from circular extrusion dies and flat extension dies, a composition comprising a polycarbonate resin, a volatile organic blowing agent and an inorganic blowing agent, said composition having a storage modulus G'.sub.A dyn/cm.sup.2 at a temperature of 250.degree. C. and an angular frequency of 10 rad/sec, said storage modulus G'.sub.A and storage modulus G'.sub.B satisfying the following conditions:
- 0.ltoreq..alpha..ltoreq.2.0
- 2.20.ltoreq..beta.5.70
- wherein .alpha. represents (logG'.sub.B -logG'.sub.A)/2 and .beta. represents (logG'.sub.B +logG'.sub.A)/2.