ICSE 10th Board Exam ECONOMICS APPLICATIONS Question Paper 2023

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Download previous year Economics Applications question paper of ICSE class 10 Board Exam 2023. Download the paper in PDF format from the link below.

Some sample questions from the question paper are:

1. Use of high yielding variety of seeds is related to productivity of:
(a) Entrepreneur             (b) Capital ( c) Land                     (d) Labour

2. Which factor of production is not a hired factor?
(a) Land                     (b) Labour ( c) Capital                  (d) Entrepreneur

3. What will be the effect of raising production subsidies on the supply of a commodity?
(a) Downward movement along the supply curve (b) Leftward shift of supply curve ( c) Rightward shift of supply curve.    (d) Upward movement along the supply curve.

4. Explain the term Veblon effect'. Give an example.

5. Mention two problems faced by public sector enterprises in India.

6. Define progressive taxation and draw a neat labelled diagram for it.

7. What effect does increased input price have on the supply of a commodity? Draw a diagram in support of your answer.

8. What do you mean by price discrimination? Give an example.

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