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ICSE Class X Board Specimen 2020 : Economics

3 pages, 40 questions, 4 questions with responses, 4 total responses,    0    0
Indian Certificate of Secondary Education (ICSE), New Delhi
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ECONOMICS (Two Hours) Answers to this Paper must be written on the paper provided separately. You will not be allowed to write during the first 15 minutes. This time is to be spent in reading the question paper. 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 [ ]. SECTION A (40 Marks) Attempt all questions from this Section Question 1 (a) With the help of an example explain the term inferior goods. [2] (b) Explain the meaning of a monopoly market. [2] (c) Define money. [2] (d) What does productivity of land mean? [2] (e) Give two points of difference between revenue and capital expenditure. [2] Question 2 (a) In order to secure their rights what duties should be fulfilled by consumers? [2] (b) What is the meaning of food basket in terms of inflation? [2] (c) Give a graphical representation of relatively elastic demand. [2] (d) Explain any two causes of cost push inflation. [2] (e) What is meant by overdraft facility offered by a commercial bank? [2] This Paper consists of 3 printed pages and 1 blank page. Specimen Paper 2020 onwards Turn over

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