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.Pricing helps businesses achieve goals such as maximizing profit, increasing market share, and ensuring price stability. Which of the following is NOT an objective of pricing?
- A.Preventing competition
- B.Increasing market share
- C.Ensuring price stability
- D.Maximizing profit
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2.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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3.Setting a product's price lower than competitors to attract more customers is an example of maximizing profit.
- A.True
- B.False
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4.Pricing helps businesses achieve goals such as maximizing profit, increasing market share, and ensuring price stability. Which of the following is NOT an objective of pricing?
- A.Preventing competition
- B.Increasing market share
- C.Ensuring price stability
- D.Maximizing profit
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5.Which of the following is a major objective of pricing in business?
- A.Minimizing customer satisfaction to reduce costs.
- B.Maximizing profit by setting prices for highest return on investment.
- C.Ignoring market competition to set arbitrary prices.
- D.Reducing product quality to lower production costs.
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