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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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Which of the following is not a function of the Central Bank?

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

Which of the following is the adverse outcome of mining operation?

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

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Indicate the adverse impacts of urbanisation on the ecosystem.

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

Explain any three disadvantages of division of labour.

[7] Labour
Chapter: [7] Labour
Concept: undefined >> undefined

Explain the functions of the RBI with respect to the following:

  1. Custodian of foreign exchange reserves.
  2. Monopoly of note issue.
  3. Clearing house facility.
  4. Banker and fiscal agent to the government.
[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
Concept: undefined >> undefined

Explain 'migration' as a factor contributing towards adverse impact on the ecosystem.

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

Which function of RBI is indicated by the above image?

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

“Construction of Dams can have negative impacts on the ecosystem”

- Is this statement True or False? Justify. (Any two points)

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

The Central bank is having the authority to regulate the amount of money supply in the economy.

Based on the above explain the following.

  1. Credit Rationing
  2. CRR
  3. Regulation of Margin Requirements
  4. Bank Rate
[16] Banking : Commercial Banks and Central Bank
Chapter: [16] Banking : Commercial Banks and Central Bank
Concept: undefined >> undefined

What do you mean by migration?

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

What does an upward movement along the same demand curve indicate?

[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

Match the following and select the correct option.

  Column A   Column B
(i) Extention of demand A. Prices are expected to rise in future
(ii) Decrease in demand B. Rise in price
(iii) Contraction of demand C. Prices are expected to fall in future
(iv)  Increase in demand D. Fall in prices
[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined
Price in (₹) Quantity demanded (units)
20 100
25 70

The above example represents a situation of ______.

[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

Mention three arguments against privatisation.

[14] Privatization of Public Enterprises
Chapter: [14] Privatization of Public Enterprises
Concept: undefined >> undefined

Explain four benefits of privatisation.

[14] Privatization of Public Enterprises
Chapter: [14] Privatization of Public Enterprises
Concept: undefined >> undefined

In order to encourage tourism in Goa, Government of India suggests to Indian Airlines to reduce air fare to Goa from four major cities - Chennai, Kolkata, Mumbai and New Delhi. If the Indian Airlines reduces the air fare to Goa, how will this affect the market demand curve for air travel to Goa?

[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

What is meant by expansion of demand?

[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

What causes a downward movement along a demand curve?

[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

What causes an upward movement along a demand curve?

[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

The main advantage of giving the monopoly right of note issue to the central bank is that it ______.

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