(English Medium) ICSE Class 10 - CISCE Important Questions for Economic Applications

The Indian labour suffers from low efficiency. Explain your answer with three reasons for low efficiency of Indian labour.

What do you understand by ‘changing pattern of land use’? 

Explain any three such changes causing destruction to the ecosystem.

Identify the factors of production of the following case and differentiate between them.

An active and passive factor of production.

Which of the following is not a correct match?

Name the factors of production.

Explain briefly the role of public sector enterprises in developing the industries with strategic importance.

Explain any three problems of public sector undertakings in India.

Public sector units made a commendable contribution to the Indian economy in the early phase of planned development. Explain any four contributions of PSU’s to the Indian economy.

The policy of converting public ownership of an asset to private ownership is ______.

What is Privatization?

State three reasons why privatization is not always desirable.

______ implies an introduction of private ownership in public sector enterprises. 

Explain any two reasons for privatisation.

What is meant by the Privatisation of public sector industries?

Explain how taxes can bring about equality in income distribution.

What is demand pull inflation?

Define bank rate.

Briefly explain two qualitative methods of credit control adopted by this institution.

The rate of which commercial banks borrow from the Central Bank is the: