HSC Commerce (English Medium) १२ वीं कक्षा - Maharashtra State Board Important Questions

Define the following concept:

Demand

State whether the following statement is True or False:

Demand for luxurious goods is elastic .

State with reasons whether you ‘agree’ or ‘disagree’ with the following statement.

Demand curve slopes downward from left to right.

Distinguish between:

Expansion of demand and Contraction of demand.

Symbolically, the functional relationship between Demand and Price can be expressed as ______.

Demand for the commodity having multiple uses has elastic demand.

Define or explain the following concept.

Unitary elastic demand.

State and explain the factors influencing the elasticity of demand.

Explain the determinants of supply.

Complete the correlation:

Expansion of supply : Price rises :: Contraction of supply : _______

Distinguish Between:

Expansion of supply and Contraction of supply.

What is meant by Perfect competition?

______ : Base year prices :: P₁ : Current year prices.

State with reason whether you agree or disagree with the following statement:

Index numbers are free from limitations.

Explain the significance of index numbers in economics.

Explain the steps involved in the construction of index numbers.

Explain the types of index numbers.

Write an explanatory answer.

Explain the practical (statistical) difficulties involved in the estimation of national income.

Complete the Correlation:

Theoretical difficulty : Transfer payments :: ______ : Valuation of Inventories.

Explain the two-sector model of the circular flow of National Income.