Indian Certificate of Secondary Education Board class 10 papers of Economics

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[Nitin Sharma]

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Question 1
(a) Land is heterogeneous in nature. Explain. [2]
(b) What is meant by efficiency of labour? Give one reason for low
efficiency of labour in India.
[2]
(c) Mention two important characteristics of Capital as a factor of
production.
[2]
(d) State two qualities of a successful entrepreneur. [2]
(e) Mention two factors which gave birth to the Consumer Movement. [2]
Question 2
(a) What are inferior goods? Give an example. [2]
(b) Mention two reasons behind the leftward shift of a supply curve. [2]
(c) What is meant by Price Elasticity of Demand? When will the Demand
Curve be parallel to X-axis?
[2]
(d) Draw:
(i) Unitary Elastic Supply curve
(ii) Perfectly Inelastic supply curve [2]
(e) Define Food Adulteration. Name two health problems caused due to
adulterated food.
87 ICSE Specimen Question Paper
Question 3
(a) Mention two merits of direct tax. [2]
(b) What is public expenditure? [2]
(c) What is meant by productive and unproductive debt? [2]
(d) State two differences between progressive and proportional taxation. [2]
(e) Where should the consumer go to get justice?
Mention two consumer rights.
[2]
Question 4
(a) State two primary functions of money. [2]
(b) What is meant by double co-incidence of wants? [2]
(c) Mention two advantages of a bank account. [2]
(d) Briefly explain Creeping and Hyper inflation. [2]
(e) Which section of society gains due to inflation? Why? [2]
SECTION B (40 Marks)
Attempt any four questions from this Section
Question 5
(a) Explain five reasons for the low rate of capital formation in India. [5]
(b) What is meant by division of labour? Explain two advantages and two
disadvantages of division of labour.
[5]
Question 6
(a) Define demand. Explain any four factors affecting the demand for a
commodity.
[5]
(b) Distinguish between contraction of supply and decrease in supply with
the help of diagrams.
[5]
Question 7
(a) Give five reasons for the growth of public expenditure in recent times. [5]
(b) What is a tax? Explain two merits and two demerits of progressive tax
structure.
[5]
Question 8
(a) Define money. Explain various stages in the evolution of money. [5]
(b) Explain five measures adopted by the Central Bank to control inflation. [5]
Question 9
(a) Give five ways by which the consumers are exploited? [5]
(b) Explain the following rights given to consumers:
(i) Right to be informed.
(ii) Right to choose. [5]
Question 10
(a) Explain five circumstances under which the law of demand does not
operate.
[5]
(b) State five differences between the Central Bank and a Commercial
Bank.



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