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

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______ are worst affected during the period of inflation. 

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

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

During inflation the debtors gain.

During inflation the ______ lose.

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

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Purchasing power of money falls when ______.

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Which of the following section of the society is most adversely affected by inflation?

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

State running inflation impact on fixed income groups.

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Mention the effect of inflation on the value of money.

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

State the effect of inflation on creditors.

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Why do producers gain in the short run during inflation? 

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

How does inflation affect the distribution of income?

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Discuss the effects of inflation on production.

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

How does inflation affect the following?

Debtors and creditors 

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

How does inflation affect the following?

Farmers

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Which section of society gains due to inflation? Why? 

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Which section of the society is worst affected during inflation? Why?

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Explain the impact of inflation on producers in the short run.

[15] Money and Inflation
Chapter: [15] Money and Inflation
Concept: undefined >> undefined

Match the following and select the correct option.

Column I Column II
(i) Expansion of supply (A) Rightward shift of supply curve
(ii) Increase in supply (B) Upward movement along a supply curve
(iii) Decrease in supply (C) Downward movement along a supply curve
(iv) Contraction in supply (D) Leftward shift of supply curve
[3] Theory of Supply
Chapter: [3] Theory of Supply
Concept: undefined >> undefined

Distinguish between a change in quantity supplied and a change in supply.

[3] Theory of Supply
Chapter: [3] Theory of Supply
Concept: undefined >> undefined

Distinguish between contraction and decrease in supply.

[3] Theory of Supply
Chapter: [3] Theory of Supply
Concept: undefined >> undefined

Draw a perfectly inelastic supply curve.

[3] Theory of Supply
Chapter: [3] Theory of Supply
Concept: undefined >> undefined

Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:

[3] Theory of Supply
Chapter: [3] Theory of Supply
Concept: undefined >> undefined
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