ICSE Class 10th Economics (MCQ Question Answer) | ICSE X - Online Exam Test Papers | ICSE X - MCQs[multiple choice questions and answers ] | ICSE X - Mock Test Papers | ICSE X - Practice Papers

ICSE X/ICSE Class 10th Economics (MCQ Question Answer) Sample Test,Sample questions

Question:

A modem garment factory where one person takes the measurement, another does the cuting, some few
the clothes while a few workers button them and other iron them'-the example in the above statement is which type of division of above ?

1.Process based division of labour

2.Social division of labour

3.Geographical division of labour

4.Product based division of labour

Posted Date:-2022-01-21 15:32:22

Question:

For what type of goods does demand fall with a rise in income levels of household?

1.Inferior goods

2.Substitutes

3.Luxuries

4.Necessities

Posted Date:-2022-01-21 15:55:24

Question:

How do you identify the part of the wealth invested in the business to earn income?

1.Capital

2.Land

3.Labour

4.Goods

Posted Date:-2022-01-21 14:59:36

Question:

How would you define the expenditure incurred by the firm to promote the sale of its product through various sales promotional measures?

1. Material cost

2. Production cost

3. Selling cost

4.Fixed cost

Posted Date:-2022-01-21 16:42:51

Question:

In case of inferior good, the income elasticity of demand is :

1.positive

2.Zero

3.negative

4.infinite

Posted Date:-2022-01-21 16:14:56

Question:

In case of _________ demand of a commodity Changes due to the change in the price of its substitute commodity.

1.derived demand

2.cross demand

3.Joint demand

4.Composite demand

Posted Date:-2022-01-21 15:39:52

Question:

In which form of market seller is a price maker and sells goods with no close substitutes?

1.Monopolistic competitive market

2.Perfectly competitive market

3.Monopoly market

4.Oligopoly market

Posted Date:-2022-01-21 16:18:10

Question:

In which law of economics, price is inversely related to its demand?

1.Law of supply

2.Law of demand

3.Law of return

4.None of the above

Posted Date:-2022-01-21 16:02:43

Question:

Increase in supply is also known as:

1.Leftward shift of supply curve

2.Rightward shift of supply curve

3.Upward Movement of supply curve

4.Downward movement of supply curve

Posted Date:-2022-01-21 16:15:52

Question:

Increase in the price of the goods cause _______________
of demand curve:

1.upward movement

2.downward movement

3. leftward shift

4.rightward shift

Posted Date:-2022-01-21 15:45:08

Question:

Labour may be physical or mental but is undertaken in the expectation of _____________

1.reward

2.rent

3.reputation

4.both 1 and 2

Posted Date:-2022-01-21 15:22:53

Question:

Name the factors of production which is man-made?

1.Land

2.Labour

3.Capital

4.None of the above

Posted Date:-2022-01-21 14:56:30

Question:

Skilled labourers are those who has ___________for a particular profession.

1.traditional knowledge

2.a part of professional training

3.risk taking ability

4.specialised training

Posted Date:-2022-01-21 15:05:49

Question:

The factor of production characterized by high rate of mobility is:

1.Land

2.Labour

3.Entrepreneur

4.Capital

Posted Date:-2022-01-21 15:03:21

Question:

The money which is issued on the order of the government is called:

1.Fiat money

2.Bank money

3.Credit money

4.Paper money

Posted Date:-2022-01-21 16:47:45

Question:

The semi skilled workers are paid comparatively _____________ than the skilled workers.

1.more

2.less

3.equal

4.none of the above

Posted Date:-2022-01-21 15:26:23

Question:

What do you understand with the term 'Lack of double coincidence'?

1.When the two persons may desire to purchase each other's goods

2.When the two persons may not desire to purchase each other's goods

3.Standard of deferred payments

4.Need money to buy goods

Posted Date:-2022-01-21 16:46:17

Question:

What does positively sloping supply curve show ?

1.Direct relationship between price and quantity Supplied

2.Inverse relationship between price and quantity Supplied

3.Direct relationship between quantity produced and quantity supplied

4.Direct relationship between quantity stored and quantity supplied

Posted Date:-2022-01-21 16:06:29

Question:

What would you call a market structure in which a few large firms dominate the industry?

1.Monopolistic competitive market

2.Perfectly competitive market

3.Monopoly market

4.Oligopoly market

Posted Date:-2022-01-21 16:24:04

Question:

What would you call the curve which shows the relation between the price of a commodity, and the amount of that commodity the supplier wishes to supply ?

1.Supply curve

2.Production curve

3.Utility Curve

4.Demand curve

Posted Date:-2022-01-21 15:37:02

Question:

What would you call the goods the demand for which falls as income of the consumer increases?

1.Giffen goods

2.Inferior goods

3.Complementary goods

4.Substitute goods

Posted Date:-2022-01-21 15:42:22

Question:

What would you call the increase in quantity supplied due rise in its price?

1.Expansion in supply

2.Contraction in supply

3.Decrease in supply

4.Increase in supply

Posted Date:-2022-01-21 16:17:16

Question:

What would you call the total quantity of a commodity that all the consumers are willing to buy in the market at a particular price during a specific period?

1. Individual demand

2.Market demand

3. Aggregate demand

4.Price demand

Posted Date:-2022-01-21 15:44:14

Question:

What would you call the total quantity of a commodity that can be brought into the market for sale at a
short notice?

1.Supply

2.Demand

3.Desire

4.Stocks

Posted Date:-2022-01-21 15:50:41

Question:

When sellers expect price rise in future, they would like to
the present supply of their commodities.

1.Increase

2.Decrease

3.hold

4. (1) and (2)

Posted Date:-2022-01-21 15:59:42

Question:

When we begin to like certain commodities, their demand will ______________.

1.increase

2.decrease

3.remain unchanged

4.none of the above

Posted Date:-2022-01-21 15:41:20

Question:

Which factor is responsible for the change in the quantity demanded?

1. Price of the goods

2. Price of related good

3.Income of the consumer

4.Taste and preference of the consumers

Posted Date:-2022-01-21 15:48:29

Question:

Which form of market adopts a policy of non price competition and independent price policy?

1.Monopolistic competitive market

2.Perfectly competitive market

3. Monopoly market

4.Oligopoly market

Posted Date:-2022-01-21 16:19:43

Question:

Which forms of market are characterised with free entry and exit?

1.Monopolistic competitive market

2.Perfectly competitive market

3.Monopoly market

4.(1) and (2)

Posted Date:-2022-01-21 16:44:32

Question:

Which is the passive factor of production?

1.Entrepreneur

2.Labour

3.Land

4.None of the above

Posted Date:-2022-01-21 15:00:12

Question:

Which one of the below listed characteristic belongs to labour .

1.It is immobile

2.labour can be accumulated

3.labour supply changs Over tine

4.It does not have any alternative use

Posted Date:-2022-01-21 15:28:47

Question:

Which one of the following is an example of labour ?

1.A person sings a song for his own pleasure.

2.A student plays cricket for his school.

3.A doctor working in a hospital.

4.A teacher teaching his own child at home.

Posted Date:-2022-01-21 15:24:54

Question:

Which one of the following is the causes of low rate of capital formation ?

1.Creation of saving

2. Increase in bank rate

3.Demonetisation

4.issue of new currencies

Posted Date:-2022-01-21 15:35:07

Question:

Which one of the following is the example of unskilled labour ?

1.Carpenters

2.Railway Coolies

3.Weavers

4.Chartered Accountants

Posted Date:-2022-01-21 15:01:59

Question:

Who you think is the one who bears risk involved in the business?

1.Organiser

2.Workers

3.Entrepreneur

4.Creditors

Posted Date:-2022-01-21 15:33:22

Posted on by R4R Team

ICSE X/ICSE Class 10th Economics (MCQ Question Answer) Sample Test,Sample questions

Question:
A modem garment factory where one person takes the measurement, another does the cuting, some few the clothes while a few workers button them and other iron them'-the example in the above statement is which type of division of above ?

Question:
For what type of goods does demand fall with a rise in income levels of household?

Question:
How do you identify the part of the wealth invested in the business to earn income?

Question:
How would you define the expenditure incurred by the firm to promote the sale of its product through various sales promotional measures?

Question:
In case of inferior good, the income elasticity of demand is :

Question:
In case of _________ demand of a commodity Changes due to the change in the price of its substitute commodity.

Question:
In which form of market seller is a price maker and sells goods with no close substitutes?

Question:
In which law of economics, price is inversely related to its demand?

Question:
Increase in supply is also known as:

Question:
Increase in the price of the goods cause _______________ of demand curve:

Question:
Labour may be physical or mental but is undertaken in the expectation of _____________

Question:
Name the factors of production which is man-made?

Question:
Skilled labourers are those who has ___________for a particular profession.

Question:
The factor of production characterized by high rate of mobility is:

Question:
The money which is issued on the order of the government is called:

Question:
The semi skilled workers are paid comparatively _____________ than the skilled workers.

Question:
What do you understand with the term 'Lack of double coincidence'?

Question:
What does positively sloping supply curve show ?

Question:
What would you call a market structure in which a few large firms dominate the industry?

Question:
What would you call the curve which shows the relation between the price of a commodity, and the amount of that commodity the supplier wishes to supply ?

Question:
What would you call the goods the demand for which falls as income of the consumer increases?

Question:
What would you call the increase in quantity supplied due rise in its price?

Question:
What would you call the total quantity of a commodity that all the consumers are willing to buy in the market at a particular price during a specific period?

Question:
What would you call the total quantity of a commodity that can be brought into the market for sale at a short notice?

Question:
When sellers expect price rise in future, they would like to the present supply of their commodities.

Question:
When we begin to like certain commodities, their demand will ______________.

Question:
Which factor is responsible for the change in the quantity demanded?

Question:
Which form of market adopts a policy of non price competition and independent price policy?

Question:
Which forms of market are characterised with free entry and exit?

Question:
Which is the passive factor of production?

Question:
Which one of the below listed characteristic belongs to labour .

Question:
Which one of the following is an example of labour ?

Question:
Which one of the following is the causes of low rate of capital formation ?

Question:
Which one of the following is the example of unskilled labour ?

Question:
Who you think is the one who bears risk involved in the business?

More MCQS

Search

R4R Team

ICSE X/ICSE Class 10th Economics (MCQ Question Answer) Sample Test,Sample questions

Question: A modem garment factory where one person takes the measurement, another does the cuting, some few the clothes while a few workers button them and other iron them'-the example in the above statement is which type of division of above ?

Question: For what type of goods does demand fall with a rise in income levels of household?

Question: How do you identify the part of the wealth invested in the business to earn income?

Question: How would you define the expenditure incurred by the firm to promote the sale of its product through various sales promotional measures?

Question: In case of inferior good, the income elasticity of demand is :

Question: In case of _________ demand of a commodity Changes due to the change in the price of its substitute commodity.

Question: In which form of market seller is a price maker and sells goods with no close substitutes?

Question: In which law of economics, price is inversely related to its demand?

Question: Increase in supply is also known as:

Question: Increase in the price of the goods cause _______________ of demand curve:

Question: Labour may be physical or mental but is undertaken in the expectation of _____________

Question: Name the factors of production which is man-made?

Question: Skilled labourers are those who has ___________for a particular profession.

Question: The factor of production characterized by high rate of mobility is:

Question: The money which is issued on the order of the government is called:

Question: The semi skilled workers are paid comparatively _____________ than the skilled workers.

Question: What do you understand with the term 'Lack of double coincidence'?

Question: What does positively sloping supply curve show ?

Question: What would you call a market structure in which a few large firms dominate the industry?

Question: What would you call the curve which shows the relation between the price of a commodity, and the amount of that commodity the supplier wishes to supply ?

Question: What would you call the goods the demand for which falls as income of the consumer increases?

Question: What would you call the increase in quantity supplied due rise in its price?

Question: What would you call the total quantity of a commodity that all the consumers are willing to buy in the market at a particular price during a specific period?

Question: What would you call the total quantity of a commodity that can be brought into the market for sale at a short notice?

Question: When sellers expect price rise in future, they would like to the present supply of their commodities.

Question: When we begin to like certain commodities, their demand will ______________.

Question: Which factor is responsible for the change in the quantity demanded?

Question: Which form of market adopts a policy of non price competition and independent price policy?

Question: Which forms of market are characterised with free entry and exit?

Question: Which is the passive factor of production?

Question: Which one of the below listed characteristic belongs to labour .

Question: Which one of the following is an example of labour ?

Question: Which one of the following is the causes of low rate of capital formation ?

Question: Which one of the following is the example of unskilled labour ?

Question: Who you think is the one who bears risk involved in the business?

More MCQS

Search

R4R Team

Question:
A modem garment factory where one person takes the measurement, another does the cuting, some few the clothes while a few workers button them and other iron them'-the example in the above statement is which type of division of above ?

Question:
For what type of goods does demand fall with a rise in income levels of household?

Question:
How do you identify the part of the wealth invested in the business to earn income?

Question:
How would you define the expenditure incurred by the firm to promote the sale of its product through various sales promotional measures?

Question:
In case of inferior good, the income elasticity of demand is :

Question:
In case of _________ demand of a commodity Changes due to the change in the price of its substitute commodity.

Question:
In which form of market seller is a price maker and sells goods with no close substitutes?

Question:
In which law of economics, price is inversely related to its demand?

Question:
Increase in supply is also known as:

Question:
Increase in the price of the goods cause _______________ of demand curve:

Question:
Labour may be physical or mental but is undertaken in the expectation of _____________

Question:
Name the factors of production which is man-made?

Question:
Skilled labourers are those who has ___________for a particular profession.

Question:
The factor of production characterized by high rate of mobility is:

Question:
The money which is issued on the order of the government is called:

Question:
The semi skilled workers are paid comparatively _____________ than the skilled workers.

Question:
What do you understand with the term 'Lack of double coincidence'?

Question:
What does positively sloping supply curve show ?

Question:
What would you call a market structure in which a few large firms dominate the industry?

Question:
What would you call the curve which shows the relation between the price of a commodity, and the amount of that commodity the supplier wishes to supply ?

Question:
What would you call the goods the demand for which falls as income of the consumer increases?

Question:
What would you call the increase in quantity supplied due rise in its price?

Question:
What would you call the total quantity of a commodity that all the consumers are willing to buy in the market at a particular price during a specific period?

Question:
What would you call the total quantity of a commodity that can be brought into the market for sale at a short notice?

Question:
When sellers expect price rise in future, they would like to the present supply of their commodities.

Question:
When we begin to like certain commodities, their demand will ______________.

Question:
Which factor is responsible for the change in the quantity demanded?

Question:
Which form of market adopts a policy of non price competition and independent price policy?

Question:
Which forms of market are characterised with free entry and exit?

Question:
Which is the passive factor of production?

Question:
Which one of the below listed characteristic belongs to labour .

Question:
Which one of the following is an example of labour ?

Question:
Which one of the following is the causes of low rate of capital formation ?

Question:
Which one of the following is the example of unskilled labour ?

Question:
Who you think is the one who bears risk involved in the business?