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ICSE Class X Prelims 2023 : Economics (Walsingham House School, Mumbai)

4 pages, 48 questions, 0 questions with responses, 0 total responses,

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Indian Certificate of Secondary Education (ICSE), New Delhi

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-. ~ ~ -WM..Sni<JHAM HOUSE SCHOOL PRELlMNARY BXAMINATION 18/01/23 '80 Marke : ' ~--) . . lo thi.t Paper mu.rt be wriltffl on the paper provid(!d separately. You will nol be allowed to write dtp,ing the fusl 15 minutes. 1"is time is to be spen1 in re~ding the question paper. The time gh,en al the head ofthis Paper is the time allowedfor writing the an,wers. . Attempt all questions from Section A and any four questions from &ction B. The maria intendedfor questions are given in brackets [ J. . ( \ J S,Ji:CTION A (Attempt all questions from t11is section) Question I Choose the correct answers to the ques,tions from the fiven options. (0/t copy the questions, -wTite the correct answers only.) [I 6] / .Money serves as _ __ and facilitates buying and seliliog of goods and services. A .Medium of exchange B . Measure of value C. Store of value D. Standard of deferred payment J R a ie o~ tax: decreases with increase in income_eftaxp nyer: A. Prooorti.onaJ C. Regressive .B. l>rogtessive D. Degressive ~Which is NOT a characteristic of capital? , A. Durable C. Ma~ made _ , . B. Inelastic supply D. SubJect to deprec ation v "JV. rLnere are no restriction on entry and , exit of new firms under market. A. Oligopoly B. Perfect competition C. Monopolistic D. Monopoly tax helps in reducing inequalities _of income and ~ealth. ~OST C. D1~ct . B. tax D. lmhn:cl ,. / Gift Contd. .2 ... I

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