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

Briefly explain three determinants of Cost-push inflation.

Inflation means __________ rise in price.

Differentiate between revenue and capital expenditure. (Three points)

What does public finance mean?

If a good takes up a significant share of consumers' budget, its demand will be ______.

The study about the revenue and expenditure operations of the government is also known as ______.

The firm under perfect competition is a ______.

The products which are identical in design, shape quality, size, colour, packing, etc. are ______.

The demand for rice by all the people in your area will be called as ______ demand.

Printers and ink cartridge are an example of ______ demand.

mention any two examples of composite demand.

Explain any five ways of exploitation of consumers in a market.

Define the term oligopoly market.

Mention any three features of an oligopoly market.

What is the meaning of revenue expenditure?

With the help of a suitable diagram, explain the contraction of supply. 

What are inferior goods?

Explain any three reasons for the growth of public expenditure.

The elasticity of demand for school bag will be ______.

Explain any two causes for the growth of public expenditure.