ICSE Class 10 Pricing — Mock Test (2027)
Free online mock test for Pricing (ICSE Class 10 Commercial Applications) — 10 competency-based questions based on the latest CISCE 2027 syllabus, with instant marking. Try the samples below, then take the full test free.
What to expect: This mock test covers key concepts from the Pricing chapter — including application-based and competency-focused questions aligned with how ICSE actually sets the paper.
Tip: Attempt without notes first to identify gaps, then review explanations for any wrong answers. Retake after a few days for best retention.
Sample questions
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1.Which of these are the objectives of pricing?
- A.Get desired rate of return
- B.Ensure price stability
- C.Increase market share
- D.All of the above
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2.Assertion (A) : A master budget provides a comprehensive financial plan for an organization. Reason (R) : The master budget integrates all individual departmental budgets into a unified plan. (a) Both A and R are true, and R is the correct explanation of A. (b) Both A and R are true, but R is not the correct explanation of A. (c) A is true, but R is false. (d) A is false, but R is true.
- a.Both A and R are true, and R is the correct explanation of A.
- b.Both A and R are true, but R is not the correct explanation of A.
- c.A is true, but R is false.
- d.A is false, but R is true.
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3.The electricity bill of a factory includes a fixed charge plus an additional cost based on usage. How should this cost be classified?
- a.Fixed Cost
- b.Variable Cost
- c.Mixed Cost
- d.Prime Cost
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4.A company spent a huge amount on an advertising campaign that will benefit the business for several years. How should this expenditure be classified?
- a.Revenue Expenditure
- b.Capital Expenditure
- c.Deferred Revenue Expenditure
- d.Capital Receipt
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5.Assertion (A): A company setting prices to maximize profits focuses on long-term customer satisfaction. Reason (R): Pricing strategies aim to balance profitability with consumer affordability and market competitiveness. (a) Both A and R are true, and R is the correct explanation of A. (b) Both A and R are true, but R is not the correct explanation of A. (c) A is true, but R is false. (d) A is false, but R is true.
- A.Both A and R are true, and R is the correct explanation of A.
- B.Both A and R are true, but R is not the correct explanation of A.
- C.A is true, but R is false.
- D.A is false, but R is true.
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