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

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

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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In India, the Reserve Bank of India. (The central bank of the country) was nationalised in ______.

[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
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A Central Bank is an apex institution in the banking structure of a country.

[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
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What is a central bank?

[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
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Identify the feature of monopoly market from the following: 

[10] Nature and Structure of Markets
Chapter: [10] Nature and Structure of Markets
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Match the following and select the correct option.

  Column I   Column II
(i) Capital which is given to workers in form of wages (A) Circulating capital
(ii) Producer goods having long life (B) Floating capital
(iii) Goods which can be used for a specific purpose only once (C) Fixed capital
(iv) Goods which can be put to alternative uses or by several industries (D) Remunerative capital
[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Observe the relationship of the first pair of words and complete the second pair.

Office furniture; Fixed capital

Power of running the plant ______

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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______ capital is used once in production whereas ______ capital can be used for long time.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Which of the following types of capital can be used only for a specific purpose?

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Which of the following goods will be considered circulating capital?

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Mining operations result in ______.

[6] Destruction of Ecosystem
Chapter: [6] Destruction of Ecosystem
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Explain in brief the term sunk capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Distinguish between fixed and circulatory capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Define real capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Give two examples of real capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Classify the following into fixed capital and working capital. Give reasons:

A television in a hotel room.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Classify the following into fixed capital and working capital. Give reasons:

Iron ore in steel plant.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Out of the following capital used in the cotton textile industry classify the following as fixed or circulating capital.

  1. Cotton yarns
  2. Dyes
  3. Power
  4. Weaving machines
  5. Factory buildings
  6. Machines
  7. Stocks of raw material lying in a factory
  8. A car owned by a taxi-driver
  9. Coal used in a factory
  10. Cotton used by a doctor
[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
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Mention two adverse effects of mining on the environment.

[6] Destruction of Ecosystem
Chapter: [6] Destruction of Ecosystem
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Mining operations can destroy the eco system. Give two reasons to support the statement.

[6] Destruction of Ecosystem
Chapter: [6] Destruction of Ecosystem
Concept: undefined >> undefined
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