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

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Mention two assumptions of the law of supply.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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State the law of supply.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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Other things remaining unchanged, change in supply due to increase in price is called ______.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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Law of supply states that ______.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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State the similarities between monopolistic competition and monopoly. 

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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The producers prefer to supply more when prices are ______.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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Explain the law of supply.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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Price and Supply move in the same direction. Justify the statement.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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State and explain the law of supply with the help of a diagram.

[4] Theory of Supply
Chapter: [4] Theory of Supply
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What is supply function?

[4] Theory of Supply
Chapter: [4] Theory of Supply
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Mention one way by which the Government can reduce the inequalities of income and wealth in an economy.

[10] Public Revenue
Chapter: [10] Public Revenue
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What does RTI stand for?

[14] Consumer Awareness
Chapter: [14] Consumer Awareness
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What provision is provided under RTI Act to the citizens of the country?

[14] Consumer Awareness
Chapter: [14] Consumer Awareness
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What are proportional taxes?

[10] Public Revenue
Chapter: [10] Public Revenue
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Give two reasons for the operation of the law of demand.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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What is meant by the income effect of a fall in the prices of a commodity?

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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What is meant by the income effect of a fall in the price of the commodity?

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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Define the term cementer awareness.

[14] Consumer Awareness
Chapter: [14] Consumer Awareness
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Mention any two duties of a consumer.

[14] Consumer Awareness
Chapter: [14] Consumer Awareness
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Explain briefly anyone determinant of an exceptional demand curve.

[2] Elementary Theory of Demand
Chapter: [2] Elementary Theory of Demand
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