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.A company spent a huge amount on an advertising campaign that will benefit the business for several years. How should this expenditure be classified?
- a.Revenue Expenditure
- b.Capital Expenditure
- c.Deferred Revenue Expenditure
- d.Capital Receipt
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2.Meeting or preventing competition is an objective of ______.
- A.Branding
- B.Packaging
- C.Pricing
- D.None of the above
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3.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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4.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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5.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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