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

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Land is a free gift of nature.

[5] Land
Chapter: [5] Land
Concept: undefined >> undefined

Supply of land is unlimited.

[5] Land
Chapter: [5] Land
Concept: undefined >> undefined

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Why is land considered a passive and an indestructible factor of production.

[5] Land
Chapter: [5] Land
Concept: undefined >> undefined

Name the factor of production whose supply is fixed.

[5] Land
Chapter: [5] Land
Concept: undefined >> undefined

What is regarded as a factor of production and why?

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

Briefly explain why labour is considered to be the means and end of production.

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

Differentiate between capital and capital formation.

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

State three factors on which production depends.

[4] Factors of Production
Chapter: [4] Factors of Production
Concept: undefined >> undefined

'Land is the original source of all material wealth' in this context explain four determinants that influence the productivity of land.

[4] Factors of Production
Chapter: [4] Factors of Production
Concept: undefined >> undefined

Explain the following characteristic of labour:

Labour can improve its efficiency.

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

Explain the following characteristic of labour:

Labour is perishable.

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

Define the term Industrialisation.

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

Draw a demand curve with the help of a hypothetical individual demand schedule.

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

If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?

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

Explain any three problems of public sector undertakings in India.

[13] Public Sector Enterprises
Chapter: [13] Public Sector Enterprises
Concept: undefined >> undefined

Prepare a hypothetical market demand schedule and draw a market demand curve based on it.

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

Identify the most efficient student:

Name of the
student
No. of projects
completed
Quality of projects Time taken
(in days)
P 5 Average 4
Q 5 Very good 4
R 5 Very good 7
S 6 Poor 3
[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

Demand schedule is a list of prices and quantities.

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

From the following data regarding individual demand schedules of households A, B and market demand schedule, what will be the values of (i) and (ii) (Assuming that there are only 2 households in the market).

Price (in ₹) Individual Demand (units) Market demand (units)
A B C
7 (i) 16 15 51
8 18 15 (ii) 46
9 16 12 11 39
10 13 10 9 32
[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined

What will be the values of (i) and (ii)?

Price (in ₹) Quantity Demanded by Total Demand
  A B C  
10 30 (i) 12 52
20 20 8 9 37
30 10 6 (ii) 22
[1] Elementary Theory of Demand
Chapter: [1] Elementary Theory of Demand
Concept: undefined >> undefined
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