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Important Questions

Factors of Production

ICSE · Class 10 · Economic Application

Most important questions from Factors of Production for ICSE Class 10 Economic Application board exam 2026. MCQs, short answer, and long answer questions with marks.

65 questions42 flashcards5 concepts

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65 Questions·
multiple choicetrue falsemultiple correct

Sample Questions

1multiple choice
1 marks

Which one is a reward for labour?

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Wages

Labour earns wages. Rent goes to land, interest goes to capital, and profit goes to the entrepreneur.

2multiple choice
1 marks

Which of the following is a characteristic of land?

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It is immovable

Land is immovable and fixed in supply. It is also a free gift of nature and earns rent.

3multiple choice
1 marks

Which of these is labour?

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A teacher teaching in school for salary

Labour includes human work done with the expectation of wage income or reward. Teaching in school for salary is labour.

4multiple choice
1 marks

Capital is best described as:

Show answer

A produced means of production

Capital is man-made and used for further production. Machines, tools, and buildings are examples of capital.

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Frequently Asked Questions

What are the important topics in Factors of Production for ICSE Class 10 Economic Application?
Factors of Production covers several key topics that are frequently asked in ICSE Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Factors of Production — ICSE Class 10 Economic Application?
Understand the core concepts first, then work through the 65 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Factors of Production?
There are 65 practice questions available for Factors of Production. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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