Organisation : Council For The Indian School Certificate Examinations
Class : Class X
Document Type : Specimen Question Paper
Subject : Economic Applications
Semester : 1 and 2
Year : 2022
Website : https://cisce.org/publications.aspx
ICSE Class X Economic Applications Specimen Question Paper
Council For The Indian School Certificate Examinations (ICSE) Class X Economic Applications Specimen Question Papers Semester 1 and 2 for the year 2022.
Related / Similar Question Paper : ICSE Class X Geography Question Paper 2022
ICSE Class X Economic Applications Questions
Question 1
Which of the following is not a determinant of demand?
1. Income of the consumer
2. Price of related goods
3. Technology used to produce the good.
4. Size of population
Question 2
A market where homogenous products are sold with no control over price by an individual firm or a buyer is
1. Monopolistically competitive market
2. Perfectly competitive market
3. Monopoly
4. Monopsony
Question 3
What is the implication of a vertical demand curve?
1. Perfectly inelastic demand
2. Perfectly elastic demand
3. Relatively inelastic demand
4. Unitary elastic demand
Question 4
As a result of a 5% increase in price, the demand for commodity X increases by 12%. The Price Elasticity of the commodity will be
1. ep > 1
2. ep < 1
3. ep = 1
4. ep = ∞
Question 5
Observe the relationship of the first pair of words and complete the second pair Single seller in the market Monopoly Single buyer in the market _________
1. Duopoly
2. Monopolistic
3. Monopsony
4. None of the above
Question 6
Savings is essential for capital formation.
1. True
2. False
Question 7
The seller in a perfect market is a Price maker.
1. True
2. False
Question 8
Tick the one which does not belong to the following group
1. Land
2. Interest
3. Labour
4. Entrepreneur
Question 9
Choose the correct term for the given definition The ratio between the percentage change in supply to a percentage change in price.
1. Law of Demand
2. Law of Supply
3. Elasticity of Demand
4. Elasticity of supply
Question 10
Observe the relationship of the first pair of words and complete the second pair Office furniture Fixed capitalPower for running the plant __________
1. Remunerative capital
2. Circulating capital
3. Debt capital
4. Sunk capital
Question 11
Choose the correct term for the given definition Any activity which creates present and future utility.
1. Development
2. Production
3. Consumption
4. Distribution
Question 12
Which of these feature’s is found in both a perfectly competitive market and a monopolistically competitive market?
1. No restriction on entry and exit
2. Imperfect knowledge
3. Homogeneous goods
4. Presence of selling costs
Question 13
The market demand curve is a ___________ summation of all individual demand curves.
1. Vertical
2. Lateral
3. Downward
4. None of the above
Question 14
Shifting cultivation involves –
1. Clearing of forests
2. Burning of trees
3. Movement from one place to another
4. All of the above
Question 15
The goods whose demand decreases as income increases.
1. Luxuries
2. Giffen goods
3. Inferior goods
4. Necessities
Download ICSE Class X Economic Applications Question Paper
Download ICSE Economic Applications Semester – 1 Class X Question Paper Here :
https://www.pdfquestion.in/uploads/pdf2022/easem1.pdf
Download ICSE Economic Applications Semester – 2 Class X Question Paper Here :
https://www.pdfquestion.in/uploads/pdf2022/easem2.pdf