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

A substitute good is a good:

What will be the effect on demand for tea, if the price of coffee falls?

What will be the effect on demand for cars, if petrol becomes expensive?

Explain any four factors which determine the market demand.

State 2 types of related goods.

Define substitute goods.

Give two examples of substitute goods.

Define complementary goods. 

Give two examples of complementary goods.

Identify the market form for telecom industry in India.

Which of the following is an example of oligopoly in India?

There are a few large firms under ______.

Oligopoly is a market situation in which there are only a ______ sellers in the industry.

Mention one difference between demand deposits and time deposits

Distinguish between demand deposits and fixed deposits.

Explain any three causes of demand-pull inflation.

Assertion (A): Central bank as a banker to the government, works as a custodian of foreign exchange reserves.
Reason (R): The Central bank acts as a Clearing house for the transfer and settlement of mutual claims of commercial banks.

1. In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.

Define bank rate.

Briefly explain two qualitative methods of credit control adopted by this institution.