Students can refer to the following Sample Paper ICSE Class 10 Economics Set A with Answers provided below based on the latest syllabus and examination guidelines issued for ICSE Economics. All specimen papers have been prepared covering all chapters given in ICSE Economics book for Class 10. You should also refer to ICSE Class 10 Economics Solutions.
Sample Paper ICSE Class 10 Economics Set A with Answers
Attempt all questions from Section A and any four questions from Section B.
The intended marks are given in brackets ( ).
SECTIONS – A [40 MARKS]
Attempt all questions from this section.
Question 1 (10)
a. Which are the main stages in the process of Capital formation?
b. Why does the need for public debt arise in the Indian economy?
c. Mention the economic causes responsible for the growth of public expenditure.
d. Why is the Central Bank know “as lender of the last resort”?
e. State the demerits of Indirect Taxes.
Question 2 (10)
a. State the law of demand and name the main types of demand.
b. Differentiate between ‘Product Based’ and ‘Process Based’ division of labour.
c. Differentiate between ‘Revenue Expenditure’ and ‘Capital Expenditure’.
d. Which are the main reasons for giving the monopoly right of note-issue to the Central Bank.
e. Name the main determinant of supply.
Question 3 (10)
a. State the law of Supply.
b. Differentiate between ‘Stock’ and ‘Supply’.
c. Differentiate between ‘Tax’ and ‘Price’.
d. Define a cheque and bank overdraft.
e. State the main features of COPRA.
Question 4 (10)
a. Give the factors that determine the productive of land.
b. Demand for a commodity will be more elastic if its close substitutes are available in the market. Do you agree? Why?
c. Why does supply curve slope upwards from left to right?
d. Explain the statement – “there is a transfer of wealth from creditors to debtors” in reference with Inflation.
e. Differentiate between a ‘Financial Institution’ and a ‘Bank’.
SECTION – B [40 MARKS]
Attempt any four questions from this section.
Question 5 (10)
a. Explain the ‘Active and Passive’ behaviour of the consumers in the market place with examples.
b. Explain any three main functions of a Central Bank.
Question 6 (10)
a. Define nationalisation of banks. State two arguments each – in favour of and against nationalisation.
b. Explain Demand Pull and Cost Push Inflation.
Question 7 (10)
a. Explain two (each) primary function and secondary function of money.
b. Discuss the role of public expenditure in economic development.
Question 8 (10)
a. Discuss the effects or problems that have arisen in the context of rising public debt in India.
b. Name the factors affecting elasticity of demand and explain any three in detail.
Question 9 (10)
a. Distinguish between the ‘movement along any supply curve’ and ‘the shift of the supply curve.’
b. Explain in brief ‘Taxes’ and ‘Administrative Revenues’ as the main sources of public revenue.
Question 10 (10)
a. What is the role of entrepreneur in the economic development of a nation?
b. Why does the demand curve slope downwards to the right?