ICSE Class 10 Product — Mock Test (2027)

Free online mock test for Product (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.

Sample questions

1. 1.A company calculates Prime Cost to determine production expenses. Identify which of the following will be true. I. Prime Cost includes direct material and direct labor costs. II. Prime Cost includes factory overheads. III. Prime Cost is a direct cost related to production. IV. Prime Cost includes selling and distribution expenses.
   • a.I and III are true
   • b.II and IV are true
   • c.III and IV are true
   • d.I and II are true
2. 2.A company ran out of cash and was unable to pay employee salaries. Which budget should have been managed properly? I. Sales Budget II. Cash Budget III. Master Budget IV. Production Budget
   • a.I and II are true
   • b.II and III are true
   • c.III and IV are true
   • d.I and IV are true
3. 3.The ______ budget contains an estimate of the total volume of production week-wise, month-wise, and product-wise.
   • A.Production
   • B.Purchase
   • C.Cash
   • D.Sales
4. 4.Which of the following best defines a product in marketing?
   • A.Anything that can be produced at the lowest possible cost.
   • B.Anything offered to a market to satisfy a consumer's want or need.
   • C.A physical good that excludes services or intangible offerings.
   • D.A promotional tool used exclusively for advertising purposes.
5. 5.When a company writes off obsolete inventory, how should it be recorded?
   • A.Debit side of profit and loss account
   • B.Credit side of trading account
   • C.Deducted from the asset side of balance sheet
   • D.Added to the liability side of balance sheet