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

Mention the characteristics of Labour.

The policy of converting public ownership of an asset to private ownership is ______.

Mention any three demerits of Public Sector Enterprises.

What is Privatization?

State three reasons why privatization is not always desirable.

Mention two important differences between Public Sector and Private Sector.

What is the meaning of capital formation?

Supply always refers to a specific desired quantity which a seller is willing to ______

The demand curve which indicates the inverse relationship between price and demand ______.

When a straight-line supply curve cuts the y-axis, the elasticity of supply will be ______.

What will be the effect of raising production subsidies on the supply of a commodity?

In the percentage increase in the quantity of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is ______.

Which market supplies homogeneous products?

The market structure which is characterized by a single producer of a commodity and when there are no close substitutes for that commodity is ______.

If tea and coffee are substitutes, then bread and butter are examples of ______.

Monopsony is a market where the ______.

______ implies an introduction of private ownership in public sector enterprises. 

When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.

Explain the term 'Veblen effect'. Give an example.

Mention two problems faced by public sector enterprises in India.