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.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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2.Which of the following best explains why pricing is important for businesses?
- A.It determines the color and design of product packaging.
- B.It directly affects profitability, competitiveness, and consumer purchasing decisions.
- C.It is only relevant for luxury goods and services.
- D.It ensures businesses avoid all forms of taxation.
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3.Assertion (A) : A production budget estimates the costs of producing goods. Reason (R) : A production budget is based on the planned output and sales targets. (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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4.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.
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5.ABC Ltd. has fixed costs of ₹5 lakhs/month and variable costs that rise with production. Which strategy would BEST improve profitability while remaining competitive?
- A.Increase prices to cover fixed costs, ignoring variable costs.
- B.Reduce variable costs through efficient sourcing while maintaining competitive pricing.
- C.Eliminate fixed costs entirely to simplify pricing.
- D.Ignore fixed costs and focus solely on variable cost pricing.
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