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

Briefly discuss any two quantitative measures adopted by the Reserve Bank of India to control credit.

Mention two causes of Consumer Exploitation. 

If a good takes up a significant share of consumers' budget, its demand will be ______.

The firm under perfect competition is a ______.

The products which are identical in design, shape quality, size, colour, packing, etc. are ______.

The demand for rice by all the people in your area will be called as ______ demand.

mention any two examples of composite demand.

Explain any five ways of exploitation of consumers in a market.

Define the term oligopoly market.

Mention any three features of an oligopoly market.

What are inferior goods?

The elasticity of demand for school bag will be ______.

How can we define the term 'market' in economics?

Explain the term elasticity of demand.

Choose the correct term for the given definition. 'An activity which creates an economic value'.

Identify the incorrect statement from the following:

A farmer in Punjab transports wheat from the farm to a flour mill. Is this activity considered as production? Why?

What do you mean by factors of production?

What are the four basic factors of production?

Define the term market.