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

Give two reasons for privatisation of public sector units in India. 

The Law of Demand shows the relationship between ______.

What are public sector units?

Give two examples of Public Sector Enterprises in India. 

Define privatisation. 

Name the three types of Public Sector in India.

List three ways in which the government can undertake privatisation. 

______ is a produced means of production.

Advantage of division of labour to the workers.

When the same work is done by two or more persons it is called ______.

______ is an example of the geographical division of labour.

Mention four causes for increasing public expenditure in modern times.

Citing reasons state the superiority of Public sector over privatization.

Define 'efficiency of labour'.

Give two limitations of a division of labour.

Mention two functions of capital.

Using suitable examples, classify capital into fixed capital and circulating capital.

Distinguish between sunk and floating capital. Give an example of each.

State two differences between labour services provided by a surgeon and a farmer.

Distinguish between stocks of capital goods and capital formation using a suitable example.