ICSE Class 10 Economics Question Paper 2023 with Solutions

About this paper

This is the ICSE Class 10 Economics paper set by CISCE for the 2023 board examination (paper code T23 641). It carries 80 marks, with two hours of writing time after 15 minutes of reading time. Section A (40 marks) is compulsory: sixteen one-mark multiple-choice questions, such as the relationship between demand and price or the type of demand for printers and ink cartridges, followed by three questions of four two-mark short answers each. In Section B students attempt any four of six 10-mark questions on entrepreneurs, consumer exploitation and duties, land and capital formation, oligopoly, public expenditure, inflation, labour efficiency and the determinants of demand and supply. This copy has the questions only, without answers.

Exam

ICSE Class 10

Subject

Economics

Year

2023

Paper code

T23 641

Maximum marks

80

Time allowed

2 hours + 15 min reading

Questions

10

Pages

7

Answers included

No, questions only

Paper pattern

• Section A

  40 marks

  Question 1: 16 multiple-choice questions, one mark each; Questions 2–4: four two-mark short answers each; all compulsory

• Section B

  40 marks

  Questions 5–10, 10 marks each (5 + 5); attempt any four

Topics covered

• Demand and its determinants
• Supply and elasticity of supply
• Factors of production: land, labour, capital and entrepreneur
• Capital formation
• Market structures: perfect competition, monopoly and oligopoly
• Money and banking
• Inflation
• Public finance, taxation and GST
• Public debt and public expenditure
• Consumer awareness and consumer protection

Questions from this paper

1. Mention any two objectives of GST.
2. Explain the term voluntary debt.
3. Explain any one exception to the law of demand.
4. Define the term oligopoly market and mention any three features of an oligopoly market.
5. With the help of a suitable diagram, explain contraction of supply.
6. Why is the efficiency of labour low in India? Give any three points.