ICSE Class 10 Product — Mock Test (2027)
Free online mock test for Product (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 Product 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 suffered a loss from the sale of old machinery at a lower price than its book value. Identify which of the following will be true. I. This is a capital loss. II. This is a revenue loss. III. This loss appears in the Profit & Loss Account. IV. This loss is recorded under trading activities.
- a.I and III are true
- b.II and IV are true
- c.III and IV are true
- d.I and IV are true
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2.When a company writes off obsolete inventory, how should it be recorded?
- A.Debit side of profit and loss account
- B.Credit side of trading account
- C.Deducted from the asset side of balance sheet
- D.Added to the liability side of balance sheet
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3.A retailer frequently sells products from a manufacturer but faces issues with inconsistent supply and unattractive packaging that fails to attract customers. This negatively impacts the retailer's sales and customer satisfaction. Which expectation of retailers is unmet in this scenario?
- A.Compliance with labor laws
- B.Regular supply and attractive packaging
- C.Provision of safe working conditions
- D.Effective advertisement support
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4._______ is the process of sorting individual units of a product into well-defined classes.
- a.Standardisation
- b.Grading
- c.Branding
- d.Packaging
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5.A company records wages for factory workers in its Trading Account. Identify which of the following will be true. I. Wages are direct expenses. II. Wages are indirect expenses. III. The Trading Account includes direct expenses and direct incomes. IV. Wages are recorded in the Profit & Loss Account.
- a.I and III are true
- b.II and IV are true
- c.III and IV are true
- d.I and II are true
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