Class 10 Economics – Case Study Quiz (Set 3, CBSE)By Alka Jaiswal / December 20, 2025 Class 10 Economics – Case Study Quiz (Set 3, CBSE)Class 10 Economics – Case Study Quiz (Set 3, CBSE) Case Study 1: A farmer grows wheat and rice. Due to poor monsoon, wheat yield is low while rice yield remains normal. Q1. Which crop shows supply shortage? Wheat Rice Both NoneAnswer: WheatPoor monsoon reduces wheat production, creating supply shortage. Q2. Price of wheat is likely to: Increase Decrease Remain same NoneAnswer: IncreaseLower supply with same demand pushes price up. Q3. Rice price will: Increase Decrease Remain stable Cannot predictAnswer: Remain stableNormal supply means price remains stable. Q4. Government intervention like MSP ensures: Farmers’ income stability Consumer loss Increase inflation Reduce rice productionAnswer: Farmers’ income stabilityMSP protects farmers from low income due to supply shortage. Case Study 2: A country imports crude oil. When international oil prices rise, domestic fuel prices increase. Q5. The increase in domestic fuel price is due to: Increase in supply Increase in import cost Consumer preference Government subsidyAnswer: Increase in import costRising global prices make imports costlier, raising domestic fuel price. Q6. If government imposes subsidy, fuel price will: Increase further Decrease Remain same Cannot predictAnswer: DecreaseSubsidy reduces cost burden, lowering price for consumers. Q7. Higher fuel prices may lead to: Higher transportation cost Lower production cost No effect on economy Decrease demand for fuelAnswer: Higher transportation costFuel price hike increases cost of transport, affecting goods’ prices. Q8. Consumers may respond by: Reducing travel Buying more fuel Ignoring prices NoneAnswer: Reducing travelHigher prices encourage consumers to cut fuel consumption. Case Study 3: A small town opens a new shopping mall. Local businesses notice fewer customers. Q9. The effect on local businesses is: Positive Negative No effect NeutralAnswer: NegativeLocal shops lose customers to the new mall, reducing sales. Q10. This situation illustrates: Competition Monopoly Subsidy Price controlAnswer: CompetitionNew mall competes with existing shops for customers. Case Study 4: During festival season, demand for sweets rises sharply. Shops increase prices. Q11. Rise in demand causes: Lower price Higher price No change Government controlAnswer: Higher priceHigher demand with limited supply increases price. Q12. Shops increasing prices is an example of: Law of supply Price elasticity Inflation SubsidyAnswer: Law of supplyHigher demand motivates sellers to supply more at higher price. Q13. If supply was unlimited, price would: Rise sharply Remain stable Decrease NoneAnswer: Remain stableAbundant supply meets demand, preventing price hike. Q14. Consumer behavior in this scenario shows: Demand responsiveness Price control Supply shortage TaxationAnswer: Demand responsivenessConsumers buy more during festival, showing demand change. Case Study 5: A government introduces cashless payment incentives. More people use digital transactions. Q15. Incentive provided by government is an example of: Supply factor Demand factor Taxation Price ceilingAnswer: Demand factorGovernment incentives increase consumers’ demand for cashless payments. Q16. Result of incentive is: Increased digital transactions Decreased usage No change InflationAnswer: Increased digital transactionsPeople are motivated to adopt digital payments. Q17. This policy may reduce: Cash circulation Digital payments Online banking TaxesAnswer: Cash circulationMore digital payments reduce physical cash usage. Q18. Consumers’ adoption shows: Elasticity of demand Supply shortage Law of diminishing returns Price controlAnswer: Elasticity of demandConsumers respond positively to incentives, showing elastic demand.Submit Quiz Share this: Share on Facebook (Opens in new window) Facebook Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Share on X (Opens in new window) X Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Share on Threads (Opens in new window) Threads Email a link to a friend (Opens in new window) Email Share on Bluesky (Opens in new window) Bluesky Print (Opens in new window) Print Share on Nextdoor (Opens in new window) Nextdoor Share on Tumblr (Opens in new window) Tumblr Share on Reddit (Opens in new window) Reddit Share on Mastodon (Opens in new window) Mastodon Share on Pinterest (Opens in new window) Pinterest Share on Pocket (Opens in new window) Pocket Like this:Like Loading...
