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.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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2.A company sets the price of its new smartphone slightly lower than its competitors to attract more customers. Which pricing objective is the company trying to achieve?
- a.Maximizing Profit
- b.Ensuring Price Stability
- c.Increasing Market Share
- d.Reducing Production Costs
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3.Assertion (A) : Capital expenditure creates long-term assets for the business. Reason (R) : Capital expenditure is incurred for acquiring or upgrading fixed assets like machinery and buildings. (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.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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5.Which of the following statements about pricing objectives is true? 1. Pricing aims to ensure price stability in the market. 2. Pricing is used solely to maximize profitability, ignoring market share. 3. Pricing helps meet or prevent competition.
- A.1 and 2 only
- B.1 and 3 only
- C.2 and 3 only
- D.All of the above
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