ICSE Class 10 - CISCE Important Questions for Economic Applications

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

The policy of converting public ownership of an asset to private ownership is ______.

Identify the type of taxation shown in the figure below.

Study the relationship in the first pair of words and complete the second pair:

Income tax : Direct tax

______ : Indirect tax

A compulsory payment by the citizens of the country to the government without any expectation of corresponding benefits for such payments. This defines ______

Mention any three demerits of Public Sector Enterprises.

What are direct taxes?

State two merits of direct taxes.

What is Privatization?

Differentiate between progressive taxation and proportional taxation.

Name two instruments of Fiscal Policy.

State three reasons why privatization is not always desirable.

What type of tax is the Goods and Services Tax?

State two features of indirect tax.

Mention two important differences between Public Sector and Private Sector.

Explain how an increase in sales tax can cause an increase in price.

Which of these is the apex bank of the Indian Banking System?

SLR stands for ______

Which of these is generally a short term loan?

Which of the following is a selective/qualitative method of credit control.