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

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Identify the type of market structure represented by the visuals.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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Identify the factor that affects market demand from the options below:

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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The wide gap between the rich and poor with reference to income highlights ______ determinant of the market demand.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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A substitute good is a good:

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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What will be the effect on demand for tea, if the price of coffee falls?

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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What will be the effect on demand for cars, if petrol becomes expensive?

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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Explain any four factors which determine the market demand.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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State 2 types of related goods.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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Define substitute goods.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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Give two examples of substitute goods.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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Define complementary goods. 

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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Give two examples of complementary goods.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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Identify the market form for telecom industry in India.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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Which of the following is an example of oligopoly in India?

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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There are a few large firms under ______.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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Oligopoly is a market situation in which there are only a ______ sellers in the industry.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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Mention one difference between demand deposits and time deposits

[7] Commercial Banks
Chapter: [7] Commercial Banks
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Distinguish between demand deposits and fixed deposits.

[7] Commercial Banks
Chapter: [7] Commercial Banks
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Explain any three causes of demand-pull inflation.

[10] Inflation
Chapter: [10] Inflation
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Assertion (A): Central bank as a banker to the government, works as a custodian of foreign exchange reserves.
Reason (R): The Central bank acts as a Clearing house for the transfer and settlement of mutual claims of commercial banks.

[8] Central Bank
Chapter: [8] Central Bank
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