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.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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2.A company raised funds by issuing debentures to investors. This amount was recorded in the books under revenue receipts. What is the correct classification for this transaction?
- a.Revenue Receipt
- b.Capital Receipt
- c.Revenue Expenditure
- d.Capital Expenditure
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3.Assertion (A) : Direct taxes are levied on the income or profits of individuals and corporations. Reason (R) : Direct taxes are paid directly to the government by the individual or entity on whom they are imposed. (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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4.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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5.ABC Ltd. has fixed costs of ₹5 lakhs/month and variable costs that rise with production. Which strategy would BEST improve profitability while remaining competitive?
- A.Increase prices to cover fixed costs, ignoring variable costs.
- B.Reduce variable costs through efficient sourcing while maintaining competitive pricing.
- C.Eliminate fixed costs entirely to simplify pricing.
- D.Ignore fixed costs and focus solely on variable cost pricing.
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