HSC Arts (English Medium) १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Economics

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

Observe the following table and answer the following questions:

1. Complete the market demand schedule.
2. Draw market demand curves based on the above market demand schedule.

Complete the following statement:

Commercial banks act as intermediaries in the financial system to ______.

Complete the correlation:

______ : Central bank :: SBI : Commercial Bank

Assertion (A): Foreign exchange management and control is undertaken by commercial banks.

Reasoning (R): RBI has to maintain the official rate of exchange of the rupee and ensure its stability.

Explain the functions of RBI.

Identify and explain the concept from the given illustration:

Maharashtra purchased wheat from Punjab.

Distinguish between Internal trade and International trade.

Give economic terms:

Graphical representation of demand schedule.

Give an economic term:

A commodity which can be put to several uses. 

Structure of organized sector of money market:

1. Reserve Bank of India
2. Commercial banks
3. Co-operative banks
4. Indigenous bankers

Classification of commercial banks in India:

1. Public sector banks
2. Private sector banks
3. Foreign banks
4. Central bank

______ : Commercial bank :: Credit control : Central bank

Aggregate of utility derived by the consumer from all units of a commodity consumed −

Deposits that are repayable after a certain period of time –

Find the odd word

Organized sector -

In relationship between Total Utility & Marginal Utility, MU (Marginal Utility) of a commodity becomes negative when TU (Total Utility) of a commodity is ______.

Deposits that are withdrawable on demand are known as ______.

Buying and selling of goods and services within the boundaries of a nation are referred to as ______.

Assertion (A): Credit control is an important function of commercial banks.

Reasoning (R): Commercial banks create deposits out of loans given thereby leading to credit creation.