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ICSE Class X Board Exam 2020 : Economic Applications

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Indian Certificate of Secondary Education (ICSE), New Delhi
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ECONOMIC APPLICATIONS (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 Part I and any four questions from Part II. The intended marks for questions or parts of questions are given in brackets [ ]. PART I (40 Marks) Attempt all questions from this Part Question 1 (a) Mention one important difference between land and capital. [2] (b) In which form of market is the seller a price maker? Justify your answer. [2] (c) What is meant by an overdraft facility? [2] (d) State two positive roles played by Public Sector Undertakings in India. [2] (e) Draw a neat diagram to show a relatively elastic supply curve. [2] Question 2 (a) Construction of dams has negative impacts on the ecosystem. [2] Give two reasons to justify the statement. (b) What is meant by labour in economics? [2] This Paper consists of 5 printed pages and 1 blank page. T20 871 Copyright Reserved. Turn over

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