Answer key for Economics board exam - (i) (d) Interest (ii) (d) Apple iPhones and Samsung Smart Phones (iii) (a) Both (A) and (R) are true and (R) is the correct explanation of (A) (iv) (d) Expansion of demand (v) (b) Proportional (vi) (b) Entrepreneur (vii) (d) Statement 1 is false and Statement 2 is true (viii) (b) Bureau of Indian Standards (ix) (a) Positive (x) (a) oligopoly (xi) (b) False (xii) (a) Capital formation (xiii) (b) Inelastic (xiv) (c) Administrative (xv) (a) Specialization (xvi) (b) unproductive Want to prepare maths in just 3 days? Want to solve the competency based questions? Want important and expected questions? Then get the Maths Score Booster Question Bank and Score Booster MCQS Ebooks 💯 Use code ICSE60 for Rs 60 Discount 😇