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

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.

What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.

Name the factors of production.

“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:

1. What is the type of market referred to?
2. State and draw the type of demand curve faced by the market above.
3. Differentiate between the market indicated above and monopoly on the basis of:
   1. No. of sellers
   2. Market price
   3. Entry and exit of firms in the market

The essential feature of a tax. 

______ is an example of commercial revenues.

______ are those taxes which are paid by the same person on whom they have been imposed. 

The government imposes tax ______.

Which of the following is an advantage of direct taxes?

Under ______ the rate of tax increases with rise in tax payer's income. 

Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.

Fiscal policy means public expenditure and tax policy of the government.

Instruments of fiscal policy is:

Instrument of monetary policy is:

Match the following and select the correct option: