(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

Which of the following is considered as labour in economics?

State two characteristics of capital as a factor of production.

Which of the following will be treated as labour in economics? Give a reason for each.

1. Preparation of food by a housewife.
2. Singing for ones own pleasure.
3. Driving his master's car by a driver.
4. Playing cricket by Mahendra Singh Dhoni.

Capital is the result of past labour. Briefly explain.

Suggest two measures to improve productivity of land.

Identify what type of capital is it?

Is a multiple use power generating machine owned by a factory, sunk capital or floating capital? Give two arguments to support of your answer.

In India, the Reserve Bank of India. (The central bank of the country) was nationalised in ______.

A Central Bank is an apex institution in the banking structure of a country.

What is a central bank?

Identify the feature of monopoly market from the following: 

Match the following and select the correct option.

Observe the relationship of the first pair of words and complete the second pair.

Office furniture; Fixed capital

Power of running the plant ______

______ capital is used once in production whereas ______ capital can be used for long time.

Which of the following types of capital can be used only for a specific purpose?

Which of the following goods will be considered circulating capital?

Mining operations result in ______.

Explain in brief the term sunk capital.

Distinguish between fixed and circulatory capital.

Define real capital.