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.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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4.Which of the following is an objective of pricing for a product or service?
- A.To minimize customer satisfaction and loyalty.
- B.To maximize profit by achieving the desired rate of return.
- C.To eliminate all competitors from the market.
- D.To reduce the quality of products to cut costs.
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5.Which of these is NOT an objective of pricing?
- A.Getting desired rate of return
- B.Develop better packaging and branding
- C.Ensure price stability
- D.Increase market share
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