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

Identify the value of elasticity of supply for the supply curve OS and S₁S₂.

Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.

Identify the elasticity of supply for the following with proper reasoning:

Perishable and durable goods.

Identify the elasticity of supply for the following with proper reasoning:

Nature of the entrepreneurs.

Explain the law of supply.

Distinguish between expansion of supply and increase in supply.

Draw a perfectly inelastic supply curve.

Use of high yielding variety of seeds of related to productivity of ______.

Which factor of production is not a hired factor?

The reward of an entrepreneur is in the nature of ______.

Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?

Mention two differences between an entrepreneur and other factors of production.

What do you mean by 'innovative ability' of an entrepreneur?

Explain complex division of labour with the help of an example.

Define capital.

Explain any three characteristics of capital.

What do you understand by the term 'Capital formation'?

Explain any three factors which affect capital formation.

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’?