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

Explain in brief the term sunk capital.

Distinguish between fixed and circulatory capital.

Define real capital.

Give two examples of real capital.

Classify the following into fixed capital and working capital. Give reasons:

A television in a hotel room.

Classify the following into fixed capital and working capital. Give reasons:

Iron ore in steel plant.

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

Mention two adverse effects of mining on the environment.

Mining operations can destroy the eco system. Give two reasons to support the statement.

Mention an important difference between a Commercial Bank and the Central Bank.

Production of cotton textile products is an example of ______.

What do you mean by horizontal division of labour?

Give five points of difference between Commercial and Central Bank.

State and explain the law of demand with the help of a hypothetical schedule and graph.

Any statement about demand for a good is considered complete only when the following is/are mentioned in it:

If with the rise in price of good Y, demand for good X rises, the two goods are:

When at a price of ₹ 5 per unit of a commodity, A’s demand is for 11 units, B’s demand is for 14 units and C’s demand is for 8 units (assuming that there are only three consumers in the market), the market demand is ______.

Giffen goods are richman's goods

If prices of cars rise, many people may put off buying a new car. So the demand for petrol will fall.

If a good is inferior good, then purchases of that good will decrease when ______.