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.The electricity bill of a factory includes a fixed charge plus an additional cost based on usage. How should this cost be classified?
- a.Fixed Cost
- b.Variable Cost
- c.Mixed Cost
- d.Prime Cost
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2.Assertion (A) : Overhead expenses include indirect costs incurred in running the business. Reason (R) : Overhead expenses do not contribute directly to the production process but are essential for business operations. (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.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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4.A new restaurant sets its prices lower than competitors to attract more customers and capture a larger market share. Which pricing objective is the restaurant focusing on?
- A.Maximizing Profit
- B.Increasing Market Share
- C.Ensuring Price Stability
- D.Meeting Competition
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5.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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