(English Medium)
Academic Year: 2014-2015
Date: March 2015
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- Attempt all questions from section I
- Attempt any four questions from Section II
State any two factors that determine the Division of labour.
Chapter: [0.01] Factors of Production
Mention two ways by which land differs from other factors of production.
Chapter: [0.01] Factors of Production
Define an Indirect tax with the help of an example.
Chapter:
Which of the following is considered as labour in economics? Give a reason to support your answer.
- A professor working in a college.
- A social worker serving in an orphanage.
Chapter: [0.01] Factors of Production
What is the significance of Capital in promoting economic growth?
Chapter: [0.01] Factors of Production
Define or explain the following concept:
Cross Elasticity of Demand
Chapter: [0.03] Elasticity of Demand
Mention any two factors that cause a rightward shift of the demand curve.
Chapter: [0.02] Elementary Theory of Demand
Distinguish between Normal goods and Inferior goods.
Chapter: [0.02] Elementary Theory of Demand
Draw a perfectly elastic supply curve.
Chapter: [0.04] Theory of Supply
Distinguish between Redeemable debt and Irredeemable debt.
Chapter:
Explain the following:
Creeping inflation
Chapter: [0.02] Elementary Theory of Demand
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Direct taxes are progressive in nature. Briefly explain.
Chapter:
What is meant by the efficiency of labour?
Chapter: [0.01] Factors of Production
State any two demerits of the Barter system of exchange?
Chapter: [0.06] Meaning and Functions of Money
Mention two differences between the Central Bank and a Commercial Bank.
Chapter:
Give two differences between recurring deposits and fixed deposits.
Chapter: [0.02] Elementary Theory of Demand
Write short note on:
Open Market Operations (OMO)
Chapter: [0.08] Central Bank
Mention two causes of Consumer Exploitation.
Chapter: [0.14] Consumer Awareness
What is meant by RTI?
Chapter: [0.14] Consumer Awareness
Distinguish between Fixed capital and Circulating capital quoting suitable examples.
Chapter: [0.01] Factors of Production
Define Division of labour. Explain three benefits of the Division of labour to producers.
Chapter: [0.01] Factors of Production
Explain three causes of low capital formation in India.
Chapter: [0.01] Factors of Production
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Mention five qualities of a good entrepreneur.
Chapter: [0.01] Factors of Production
Differentiate between Decrease in demand and Contraction of demand.
Chapter: [0.02] Elementary Theory of Demand
What is meant by shift in supply?
Chapter: [0.04] Theory of Supply
Explain three determinants of a leftward shift of the supply curve.
Chapter: [0.04] Theory of Supply
What is the elasticity of demand?
Chapter: [0.03] Elasticity of Demand
Explain the factors determining the elasticity of demand.
Chapter: [0.03] Elasticity of Demand
What is meant by Public Expenditure? Explain three reasons for an increase in public expenditure in India.
Chapter: [0.11] Public Expenditure
Define a tax. Explain briefly three merits of a Direct tax.
Chapter:
Answer the following question.
Explain the secondary functions of money.
Chapter: [0.06] Meaning and Functions of Money [0.06] Meaning and Functions of Money
What is meant by cost-push inflation?
Chapter: [0.02] Elementary Theory of Demand
Briefly explain three determinants of Cost-push inflation.
Chapter: [0.13] Inflation
With reference to the Central Bank, explain the following:
- Monopoly of note issue
- Lender of the last resort.
Chapter:
An alert consumer is a safe consumer. Give reasons to support your answer.
Chapter: [0.14] Consumer Awareness
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CISCE previous year question papers ICSE Class 10 Economics with solutions 2014 - 2015
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