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ICSE Class X Board Exam 2020 : Economics

3 pages, 36 questions, 0 questions with responses, 0 total responses,    0    0
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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) Give any two points of differences between fixed and saving deposits. [2] (b) Explain the meaning of Productivity of Land. [2] (c) Mention the two sources of revenue for the government. [2] (d) Explain any two duties of a consumer. [2] (e) Define the term capital as a factor of production. [2] Question 2 (a) What is meant by proportional tax? [2] (b) Give any two points of differentiation between creeping inflation and [2] running inflation. (c) How does the price of a commodity affect the supply of a commodity? [2] (d) Mention the first four stages of evolution of money. [2] (e) Explain any one disadvantage of the barter system of exchange. [2] This Paper consists of 3 printed pages and 1 blank page. T20 641 Copyright reserved. Turn over

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