ICSE Class 10 Economics Answer Key 2025 (Available): Set-wise Unofficial Key PDF, Exam Analysis

ICSE Class 10 Economics Answer Key 2025: The ICSE Class 10 Economics exam was conducted on February 28, 2025. The Economics exam was conducted for 2 hours duration and consisted of a total of 80 marks. The ICSE Board Exam 2025 for Economics was divided into 2 sections: A and B. Section A was compulsory and Section B consisted of choice between questions. Students were required to answer any 4 questions from section B.

The candidates can check below the set-wise ICSE Class 10 Economics Answer Key 2025 along with the question paper and exam analysis.

Class 10 ICSE Answer Key 2025: Subject-wise PDF Download

ICSE Class 10 Economics Exam 2025 Difficulty Level: Student Reaction

We have updated here the students' reaction to the ICSE Class 10 Economics exam:

• The overall difficulty level of the exam was easy to moderate. There was an equal blend of easy and difficult questions.
• The multiple-choice part was easy and direct.
• The analytical and application-based questions were of moderate difficulty level. Some of the questions were tricky.

ICSE Class 10 Economics Exam Analysis 2025

The below table overviews the complete ICSE Class 10 Economics Answer Key 2025 exam analysis:

Particulars	Analysis
Overall Difficulty Level	Easy to moderate
Difficulty Level of Part A	Easy
Difficulty Level of Part B	Moderate
Topics with Highest Weightage in Exam	Factors of Production
Expected Number of Good Attempts	65+

ICSE Class 10 Economics Answer Key 2025 PDF

We have updated the unofficial answer key for ICSE Class 10 Economics exam below. The candidates can also download the ICSE Class 10 Economics answer key in PDF form by clicking on the link below:

Q. 1 What is the "Income earned in capital"?

(A) Wages

(B) Rent

(C) Profit

(D) Interest

Ans: Option C (Interest)

Q.2 Which of the following are examples of substitute goods?

(A) Coke and coffee

(B) Pencil and eraser

(D) Tea and sugar

(D) Apple iPhone and Samsung smartphones

Ans: Option D (Apple iPhone and Samsung smartphones)

Q.3 Mr Gupta earns a fixed income every month but he tends to get adversely affected by inflation. Assertion and Reason based question.

Ans: Option A (Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A))

Q.4 When price of apple is Rs 120 per kg, Anita buys one kg of apples at that price. Now, other things remaining constant, the price of apples falls to Rs 90 per kg. Now Ram buys 2 kg of apples. It is called as:

(A) Demand schedule

(B) Contraction of demand

(C) Expansion of demand

(D) Market demand

Ans: Option C (Expansion of demand)

Q.5 The rate of tax which is uniform for all the taxpayers is termed as:

(A) Uniform 

(B) Progressive

(C) Proportional

(D) Direct

Ans: Option C (Proportional)

Q.6 Which factor will be responsible for product diversification through innovation?

Ans: Option B (Entrepreneur)

Q.7 Statement I: The primary function of money is to act as a store of value.

Statement II: Money helps in the  monetary expression of the market value of the commodity

Ans: Both Statements I and II are correct

Q.8 BIS stands for:

Ans: Option B (Bureau of Indian Standards)

Q.9 Examine the relation between price and quality supplied.

Ans: Positive relation 

Q.10 Which market structure has the least number of sellers?

a. monopoly

b. oligopoly

c. global market structure

d. monopolistic competition

Ans: Option b (oligopoly)

ICSE Class 10 Economics Unofficial Answer Keys 2025 PDF

ICSE Class 10 Economics Question Paper 2025 PDF

In the link provided below, we will update the ICSE Class 10 Economics question paper soon after the exam is over. The candidates will be able to download the question paper for ICSE Class 10 Economics in PDF form by clicking on the link below:

ICSE Class 10 Economics Question Paper 2025: To be Updated