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

Explain any two reasons for privatisation.

Identify the elasticity of supply (e_s) of S₁, S₂ and S₃ supply curves:

Identify the produced means of production factor from the picture.

Both labour and entrepreneur are human factors of production. Is there any difference between them? Explain any two such differences.

Identify the elasticity of supply for the following with proper reasoning:

Primitive and advanced technology.

What is meant by the Privatisation of public sector industries?

Which of the following is NOT a land? (Amenable to human control)

Identify the value of elasticity of supply for the supply curve OS and S₁S₂.

The picture above shows which factor of production.

Define Money.

Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.

Identify the elasticity of supply for the following with proper reasoning:

Perishable and durable goods.

Identify the elasticity of supply for the following with proper reasoning:

Nature of the entrepreneurs.

______ means a wish to have a commodity or source.

Which of the following statement is not true?

Which of the following statements are true?

1. Public sector enterprise is an enterprise which is owned and managed by the government. 
2. Privatisation means the sale of all or parts of a government equity in state owned enterprises to the private sector.
3. Disinvestment programme of India started in 1991-92.

Identify the reason for privatisation:

State two ways in which the public sector is important even at the present time.

Justify the following in brief:

Division of labour encourages large-scale production.

Justify the following in brief:

Capital is an immobile factor in the short run.