ICSE Class 10

ICSE Class 10 Understanding an Economy — Mock Test (2027)

Free online mock test for Understanding an Economy (ICSE Class 10 Economics) — 6 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 Understanding an Economy 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. 1.Figure The above image (Savings → Mobilisation of savings → Investment) depicts stages of ___________.
    • a.Capital formation
    • b.Capital returns
    • c.Capital movement
    • d.Investment of savings
  2. 2.When ABC Electronics implemented division of labour, the workers became more productive. This happened due to ___________.
    • a.Rotation
    • b.Motivation
    • c.Mechanisation
    • d.Specialisation
  3. 3.Efficiency of labour shows the productive capacity of a labourer, whereas division of labour shows __________ of labour.
    • a.Specialisation
    • b.Utilisation
    • c.Quantity
    • d.Perishability
  4. 4.In economics, what does the capital earn as income?
    • a.Wages
    • b.Rent
    • c.Profit
    • d.Interest
  5. 5.Which factor will be responsible for 'product diversification' through innovation?
    • a.Labour
    • b.Entrepreneur
    • c.Capital
    • d.Landowner

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