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
-
1.Which of the following is an objective of pricing?
- A.Reducing product quality to cut costs
- B.Increasing market share
- C.Limiting customer interactions
- D.Ignoring competitor strategies
-
2.Assertion (A) : Revenue loss occurs during the ordinary course of business operations. Reason (R) : Revenue loss is reflected in the Profit and Loss Account in the year it occurs. (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.
-
3.Assertion (A): Pricing objectives include ensuring price stability and maximizing profit. Reason (R): Pricing always ignores market competition to focus on consumer demands.
- 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.
-
4.Assertion (A) : Capital expenditure creates long-term assets for the business. Reason (R) : Capital expenditure is incurred for acquiring or upgrading fixed assets like machinery and buildings. (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.
-
5.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.
Ready? Take the full 10-question test free — instant marking, no sign-up needed.
▶ Start free mock test