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

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Give any two reasons for giving the monopoly right of note issue to the Central Bank.

[8] Central Bank
Chapter: [8] Central Bank
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Explain briefly three methods adopted by Commercial Banks to advance credit to borrowers.

[8] Central Bank
Chapter: [8] Central Bank
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What is meant by quantitative credit control?

[8] Central Bank
Chapter: [8] Central Bank
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Distinguish between statutory liquidity ratio and cash reserve ratio.

[8] Central Bank
Chapter: [8] Central Bank
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Discuss any four factors affecting price elasticity of demand.

[3] Elasticity of Demand
Chapter: [3] Elasticity of Demand
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The demand for salt is ______.

[3] Elasticity of Demand
Chapter: [3] Elasticity of Demand
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Briefly discuss any two quantitative measures adopted by the Reserve Bank of India to control credit.

[8] Central Bank
Chapter: [8] Central Bank
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Mention two causes of Consumer Exploitation. 

[14] Consumer Awareness
Chapter: [14] Consumer Awareness
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If a good takes up a significant share of consumers' budget, its demand will be ______.

[3] Elasticity of Demand
Chapter: [3] Elasticity of Demand
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The firm under perfect competition is a ______.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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The products which are identical in design, shape quality, size, colour, packing, etc. are ______.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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The demand for rice by all the people in your area will be called as ______ demand.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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mention any two examples of composite demand.

[3] Elasticity of Demand
Chapter: [3] Elasticity of Demand
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Explain any five ways of exploitation of consumers in a market.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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Define the term oligopoly market.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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Mention any three features of an oligopoly market.

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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What are inferior goods?

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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The elasticity of demand for school bag will be ______.

[3] Elasticity of Demand
Chapter: [3] Elasticity of Demand
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How can we define the term 'market' in economics?

[5] Meaning and Types of Markets
Chapter: [5] Meaning and Types of Markets
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Explain the term elasticity of demand.

[3] Elasticity of Demand
Chapter: [3] Elasticity of Demand
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