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

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’? 

Explain any three such changes causing destruction to the ecosystem.

Which two forms of market earn normal profit in the long run?

Identify the market having a single buyer and many sellers from the following:

When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.

Non-price competition is ______.

In which type of market price discrimination is practiced? Explain with an example.

State any three differences between labour and capital.

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

An active and passive factor of production.

The image above shows a departmental store of a market structure.

1. Identify the form of market as observed from the above image.
2. Discuss the features of this market form with respect to:
   1. Type of product
   2. Entry and exit of firms
   3. Selling cost

Explain three features of Perfect competitive market.

How is Perfect competitive market is different from a monopoly market?

Which of the following is not a correct match?

Selling costs are absent in perfect competition market.

Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.