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

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Economic Applications
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Is a multiple use power generating machine owned by a factory, sunk capital or floating capital? Give two arguments to support of your answer.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

In India, the Reserve Bank of India. (The central bank of the country) was nationalised in ______.

[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
Concept: undefined >> undefined

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A Central Bank is an apex institution in the banking structure of a country.

[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
Concept: undefined >> undefined

What is a central bank?

[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
Concept: undefined >> undefined

Identify the feature of monopoly market from the following: 

[5] Nature and Structure of Markets
Chapter: [5] Nature and Structure of Markets
Concept: undefined >> undefined

Match the following and select the correct option.

  Column I   Column II
(i) Capital which is given to workers in form of wages (A) Circulating capital
(ii) Producer goods having long life (B) Floating capital
(iii) Goods which can be used for a specific purpose only once (C) Fixed capital
(iv) Goods which can be put to alternative uses or by several industries (D) Remunerative capital
[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Observe the relationship of the first pair of words and complete the second pair.

Office furniture; Fixed capital

Power of running the plant ______

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

______ capital is used once in production whereas ______ capital can be used for long time.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Which of the following types of capital can be used only for a specific purpose?

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Which of the following goods will be considered circulating capital?

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Mining operations result in ______.

[6] Destruction of Ecosystem
Chapter: [6] Destruction of Ecosystem
Concept: undefined >> undefined

Explain in brief the term sunk capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Distinguish between fixed and circulatory capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Define real capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Give two examples of real capital.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Classify the following into fixed capital and working capital. Give reasons:

A television in a hotel room.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Classify the following into fixed capital and working capital. Give reasons:

Iron ore in steel plant.

[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Out of the following capital used in the cotton textile industry classify the following as fixed or circulating capital.

  1. Cotton yarns
  2. Dyes
  3. Power
  4. Weaving machines
[8] Capital and Capital Formation
Chapter: [8] Capital and Capital Formation
Concept: undefined >> undefined

Mention two adverse effects of mining on the environment.

[6] Destruction of Ecosystem
Chapter: [6] Destruction of Ecosystem
Concept: undefined >> undefined

Mining operations can destroy the eco system. Give two reasons to support the statement.

[6] Destruction of Ecosystem
Chapter: [6] Destruction of Ecosystem
Concept: undefined >> undefined
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