HSC Arts (English Medium) १२ वीं कक्षा - Maharashtra State Board Important Questions for Economics

Define or explain the following concepts (Any THREE): 

Individual demand 

Write whether the following statement is True or False:

Demand curve has a positive slope.

Write whether the following statement is True or False:

Demand for commodities depends upon various factors.

Write whether the following statement is True or False:

Salt has elastic demand.

Match the following Group ‘A’ with Group ‘B’:   

Define the concept of demand schedule.

 Distinguish between :

 Individual demand schedule and Market demand schedule.

Fill in the blank with appropriate alternatives given in the bracket: 

The law of demand states ________ relation between demand and price. 

fill in the blank with appropriate alternatives given in the bracket: 

 Demand for salt is ___________. 

Write the answer in ‘one’ or ‘two’ paras.

What are the main determinants of aggregate demand? 

Explain the following concepts or give definitions. 

Demand 

Write explanatory notes or answer the following.

 Aggregate demand 

Define or Explain the concept 

 Perfectly elastic demand  

State whether the following statements are True or False with reason: 

Demand for medicine is inelastic. 

Distinguish between Joint demand and Composite demand. 

Do you agree with the following statement? Give reason

Many factors influence the demand for a commodity.

Fill in the blank using appropriate alternatives given below

The demand for perishable goods is _______

The relationship between income and demand for inferior goods is ______.

Explain in detail the determinants of demand.