(English Medium) ICSE Class 10 - CISCE Important Questions for Economics

Ms. Sakshi, who teaches economics, discussed the "minimum percentage of total deposits that commercial banks must maintain with the Central Bank according to current regulations. Select the correct term that defines this concept from the following choices.

How does proportional tax differ from progressive tax?

Mention one way by which the Government can reduce the inequalities of income and wealth in an economy.

What is meant by a degressive tax system?

Progressive taxation is suitable for the Indian economy. Give reasons to support your answer.

Distinguish between regressive tax and degressive tax.

What is a degressive tax? 

What are proportional taxes?

If the rate of tax falls with an increase in income, it is called as ______.

The debt which yields income to the government is called as ______.

What does Consumer price index mean?

Explain the term food basket.

Explain any three causes of demand-pull inflation.

Examine any three adverse or evil effects of inflation on production.

Define the term cementer awareness.

Mention any two duties of a consumer.

Explain any five rights of the consumers as accepted by the Indian law.

How do the manufacturers and traders exploit the consumers?

Explain COPRA. What is its objective?

Explain clearly three reasons as to why consumers are exploited.