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) : Revenue expenditures are recurring in nature. Reason (R) : Revenue expenditures are costs incurred to meet the routine needs of the business within a specific accounting year. (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.Assertion (A) : Direct taxes are levied on the income or profits of individuals and corporations. Reason (R) : Direct taxes are paid directly to the government by the individual or entity on whom they are imposed. (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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3.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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4.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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5.Which of the following is an objective of pricing?
- A.Reducing product quality to cut costs
- B.Increasing market share
- C.Limiting customer interactions
- D.Ignoring competitor strategies
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