(English Medium) ICSE Class 10 - CISCE Important Questions

Which of the following is not a function of the Central Bank?

During deflation, the Central Bank usually ______.

Explain the functions of the RBI with respect to the following:

1. Custodian of foreign exchange reserves.
2. Monopoly of note issue.
3. Clearing house facility.
4. Banker and fiscal agent to the government.

Which function of RBI is indicated by the above image?

The Central bank is having the authority to regulate the amount of money supply in the economy.

Based on the above explain the following.

1. Credit Rationing
2. CRR
3. Regulation of Margin Requirements
4. Bank Rate

Differentiate between quantitative and qualitative methods of credit control.

Explain the banker’s bank function of the Central Bank.

With help of an example explain the term complementary goods.

With suitable examples differentiate between complementary goods and substitute goods.

Explain briefly anyone determinant of an exceptional demand curve.

What is meant by the contraction in demand?

Explain clearly two factors which determine demand.

What is meant by an increase in demand?

If a buyer buys less of a commodity when his income falls, how will his demand curve change? Illustrate your answer with a diagram.

Mention any two factors that cause a rightward shift of the demand curve.

Distinguish between Normal goods and Inferior goods. 

Briefly explain any two reasons for the occurrence of the law of demand.

If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.

State and explain the law of demand with the help of a hypothetical schedule and graph.

As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will: