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 these are the objectives of pricing?
- A.Get desired rate of return
- B.Ensure price stability
- C.Increase market share
- D.All of the above
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2.A factory purchased raw materials for production. The accountant mistakenly recorded this expense as a capital expenditure. How should this expense be correctly classified?
- a.Capital Expenditure
- b.Deferred Revenue Expenditure
- c.Revenue Expenditure
- d.Capital Receipt
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3.Assertion (A) : A master budget provides a comprehensive financial plan for an organization. Reason (R) : The master budget integrates all individual departmental budgets into a unified plan. (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.Pricing helps businesses achieve goals such as maximizing profit, increasing market share, and ensuring price stability. Which of the following is NOT an objective of pricing?
- A.Preventing competition
- B.Increasing market share
- C.Ensuring price stability
- D.Maximizing profit
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5.'Pricing is a means to achieve marketing objectives of the firm.' Which of the following is NOT an objective of pricing?
- A.Profit Maximization: Setting prices to generate the highest possible profits.
- B.Market Penetration: Setting lower prices initially to attract customers and gain market share.
- C.Employee Satisfaction: Using pricing to increase wages and benefits for staff.
- D.Product Quality Leadership: Setting higher prices to reflect premium quality and brand image.
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