(English Medium) ICSE Class 10 - CISCE Important Questions for Economics

Define Division of labour. Explain three benefits of the Division of labour to producers.

Land is a ______ factor of production.

Labour cannot be separated from the ______.

How is labour defined in economics?

What is the meaning of capital formation?

Explain any three significances of capital formation in an economy.

Why is the efficiency of labour low in India? (Any three points)

If a labourer does not work for a day, his one day 's work will be lost forever.

It implies:

Which of the following is not an advantage of division of labour?

State whether the following statement is true or false. Give reason for your answer.

The capital like printing machines, tools when used in process of production are subject to depreciation.

Explain any three factors affecting productivity of land.

Define labour as a factor of production.

Mention any three decision making functions of an entrepreneur.

The ______ has to decide the reward for each factor of production.

If you make investments in insurances or mutual funds, then it will be called as ______ type of capital.

Which factor out of the following serves as the primary source of consumption?

Indian farmers are an example of ______ type of labour.

“Specialization of labour helps the producers in their productive activities and is also beneficial to the workers". Justify the statement with two suitable reasons.

In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.

Analyse the images below and identify the factors of production and explain any one characteristic of the same.