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.Assertion (A) : Factory overheads include indirect costs incurred within the factory. Reason (R) : Factory overheads cover expenses like factory rent, machinery depreciation, and utilities. (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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2.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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3.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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4.Meeting or preventing competition is an objective of ______.
- A.Branding
- B.Packaging
- C.Pricing
- D.None of the above
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5.One of the key objectives of pricing is to maximize profit. How does this objective impact businesses?
- A.It ensures prices remain low to attract the maximum number of customers.
- B.It involves setting prices to achieve the highest possible return on investment.
- C.It focuses on matching competitors' prices regardless of profitability.
- D.It prioritizes short-term sales over long-term business sustainability.
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