ICSE Class 10 Economic Applications Specimen Paper 2024

ICSE Class 10 Economic Applications Specimen Paper 2024

The Council for the Indian School Certificate Examinations (CISCE) recently announced the ICSE Class 10 Economic Applications Specimen Paper 2024 for the 2023-24 academic year. Students can find the ICSE Specimen Paper 2024 for Economic Applications on the Board’s website, cisce.org.

The ICSE Specimen Paper 2024 for Economic Applications is extremely beneficial. it helps students comprehend the actual ICSE 10th Economic Applications question paper 2024 pattern. Candidates can download the PDFs of the Economic Applications Specimen Paper 2024 directly from this post.

ICSE Economic Applications Specimen papers can help a candidate learn more about the board exam pattern, different types of questions, the marking scheme, and other topics. View the CISCE Class 10 Economic Applications Specimen Paper 2024 in PDF format by clicking the link provided in this article.

Economic Applications Specimen Paper 2024 ICSE – Highlights

The ICSE Class 10 Economic Applications specimen question paper for the 2023-24 academic year is now available. If students in Class 10 want to do exceptionally well in the exam, they should practice this Economic Applications Specimen Paper 2024 ICSE before the exam. The ICSE Economic Applications Specimen Paper 2024 is discussed briefly below.

Download ICSE Economic Applications Specimen Paper 2024 PDF

The Council for the Indian School Certificate Examination (CISCE) has made available the ICSE Economic Applications specimen paper 2024 on its official website. The Economic Applications sample paper 2023–24 is available for download in PDF format below. By clicking on the link, you can view the PDF.

How to Download ICSE Economic Applications Class 10 Specimen Paper 2024?

Follow the directions below to download the ICSE Specimen Paper 2024 for Economic Applications.

Step 1: Go to the official website, cisce.org.
Step 2: From the drop-down menu, choose Examination. Three options will be displayed.
Step 3: Go to the ICSE examination page and scroll down to the “Important Downloads” section.
Step 4: Go to the ICSE “Specimen Question Paper” page.
Step 5: In the browser, a list of several years of specimen paper appears on a new page.
Step 6: From the drop-down menu, select the ICSE Specimen Paper 2024.
Step 7: The “Specimen Question Papers ICSE CLASS X – 2024” page loads.

Step 8: Now, by clicking on the “Economic Applications” subject, you can download or print any question paper.

Economic Applications Specimen Paper 2024 – Instruction

Before beginning to solve the Economic Applications Specimen Paper 2024, make sure you have read the instructions.

• You will not be allowed to write during the first 15 minutes.
• This time is to be spent in reading the question paper.
• Maximum Marks: 100
• Time allowed: Two hours
• Answers to this Paper must be written on the paper provided separately.
• The time given at the head of this Paper is the time allowed for writing the answers.
• Attempt all questions from Section A and any four questions from Section B.
• The intended marks for questions or parts of questions are given in brackets[ ].

CISCE Specimen Paper 2024 of Economic Applications

SECTION A

(Attempt all questions from this Section.)

Question 1

Choose the correct answers to the questions from the given options.

(Do not copy the question, write the correct answers only.) [20]

(i) Assertion (A): There has been a significant increase in global airfares post  Russia – Ukraine war.

Reasoning (R): Higher fuel prices in the international market due to war.

(a) A is true but R is false
(b) A is false but R is true
(c) Both A & R are true and R explains A
(d) Both A & R are true but R does not explain A

(ii) Mobile phones and SIM cards are examples of

(a) Substitute goods
(b) Complimentary goods
(c) Unrelated goods
(d) Competitive goods

(iii) If Government of India bans the production of plastic bags, how will the supply
curve be affected?

(a) The supply curve would shift to the right
(b) The supply curve would shift to the left
(c) The supply curve would not shift in any direction
(d) The supply would become vertical

(iv) Complex division of labour cannot be implemented for:
(a) Construction of bridges
(b) Manufacturing of cycles
(c) A sculptor sculpting a human statue
(d) Computer manufacturing unit

(v) Which of the following causes low efficiency of Indian labour?

(a) Prevalence of high wage rate
(b) Presence of social security schemes
(c) Inadequate skill training facilities
(d) Favourable climatic conditions

(vi) A linear supply curve starting from the origin making an angle of 75 degree with X -axis will have:

(a) Relatively elastic supply
(b) Relatively inelastic supply
(c) Perfectly elastic supply
(d) Unitary elastic supply

vii) A holiday resort in a remote village is very popular among the tourists. Since the
connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort. This is a case of:

(a) Perfect competition
(b) Monopoly
(c) Monopsony
(d) Monopolistic competition

(viii) Which of the following is the most likely reason for the relatively high elasticity of bottled water?

(a) Many substitutes are available
(b) Good for health
(c) Can be used for many purposes
(d) Necessity item

(ix) Innovation is the implementation of new ideas and changes into reality – this function is carried out by:

(a) An engineer
(b) An architect
(c) An army man
(d) An entrepreneur

(x) Which of the following is the least competitive market?
(a) Farming
(b) Indian Railways
(c) Air India
(d) Mcdonald’s

(xi) Identify the function of RBI as indicated by the following image:

(a) Banker to the banks
(b) Fiscal agent to the government
(c) Credit control
(d) Custodian of foreign exchange reserve

(xii) The current account holders are not given interest on their deposits. The reason being:

(a) Current account holders maintain their account only for a very short period
(b) They belong to the high-income group and do not need interest from the bank
(c) The businessmen who opened these accounts earn huge profit from their businesses
(d) There is no limitation on the number of withdrawals by the current account holders

(xiii) Identify the perfect competition market from the following:
(a) Single buyer in the market
(b) Single seller in the market
(c) Absence of transport cost
(d) Differentiated products

(xiv) Which function of money is most closely linked to saving?

(a) Medium of exchange
(b) Standard of deferred payment
(c) Store of value
(d) Unit of account

(xv) Which of the statement is true for Income tax?

(a) It is regressive by nature
(b) It is an example of indirect tax
(c) Impact and incidence of the tax lies on the same person
(d) Impact and incidence of the tax lies on different persons

(xvi) Match the following:

(a) 1 (R), 2 (S), 3 (P), 4 (Q)
(b) 1 (S), 2 (R), 3 (P), 4 (Q)
(c) 1 (R), 2 (P), 3 (S), 4 (Q)
(d) 1 (R), 2 (S), 3 (Q), 4 (P)

(xvii) From which type of deposits, money can be withdrawn only after the maturity date?
(a) Savings account
(b) Current account
(c) Recurring deposit account
(d) Fixed deposit account

(xviii) Identify the reason for privatisation:
(a) Reduction in unproductive expenditure of the government
(b) Growth of private monopolies
(c) Social welfare aspect is not emphasised
(d) Possibility of employment loss

(xix) Mining operations result in
(a) Formation of barren land
(b) Depleting the stock of natural resources
(c) Deforestation
(d) All of the above

(xx) Which of the following taxes generate civic consciousness among people?
(a) GST
(b) Customs duty
(c) Income Tax
(d) Entertainment tax

Question 2

(i) It is estimated that if the price of a bar of chocolate is changed by 4 %, demand will alter by 6%.
(a) Calculate the elasticity of demand.
(b) Is the demand elastic or inelastic? [2]

(ii) Money performs both primary and secondary functions.
(a) Which specific functions of money is related to future payments?
(b) Is it a primary or secondary function of money? [2]

(iii) Repo rate and market rate of interest are interrelated. Justify. [2]

(iv) The government of a country wants to reduce the income inequality – explain with the help of an example the tax which will be effectively dealing with this problem. [2]

(v) Since 2018-19, the Indian Government is considering how to dissuade people from using plastic bags – explain any two impacts on eco-system if government measures are not effectively implemented.

Question 3

(i) Land has zero cost of production – do you agree? Give reason. [2]
(ii) A renowned cardiac surgeon charges different fees for patients depending on their income.

(a) In which market structure it is observed?
(b) What is this practice known as? [2]

(iii) A substantial part of government investment has been made in setting up industries in backward regions:

(a) What is the problem that government is trying to deal with?
(b) Mention one positive outcome for such government action. [2]

(iv) Which factor of production is perishable by nature and why? [2]

(v) Debtors will lose during inflation – explain. [2]

More Questions will be updated soon.

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