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

Explain any one factor that affects the supply of a commodity.

What do you understand by the term 'near money'?

A list of goods is given below. Stale whether it is fixed capital or circulating capital

1. Machines
2. Raw material
3. Fuel
4. Office furniture

Give any two reasons for giving the monopoly right of note issue to the Central Bank.

Define the term demand.

Discuss any five reasons for the growth of public expenditure in India.

What is meant by cost-push inflation?

Why is supply directly proportional to price?

Mention one contingent function of money.

Define public expenditure.

Explain briefly three methods adopted by Commercial Banks to advance credit to borrowers.

Public expenditure in India has increased over the years. Explain four principal reasons for its increase.

What is inflation impact on debtors?

Explain the following:

Creeping inflation

Explain the following:

Walking inflation

What is the impact of the level of technology on supply?

Why is creeping inflation considered good for an economy?

Explain two ways by which public expenditure promotes economic development.

Explain the primary functions of money.

Distinguish between limited legal tender and unlimited legal tender.