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

 State whether the following statements are TRUE or FALSE:  

 In deficit budget, expenditure is more than income. 

Choose the correct answer :      

The capacity of a commodity to satisfy human want is known as _________. 

Do you agree with the following statements? Give reasons. 

Marginal utility and Total utility is same. 

Fill in the blanks with appropriate alternatives given in the bracket.  

 Marginal consumption function is always ________. 

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

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

Due to clearing house of the Central Bank cash money is saved. 

Fill in the blank with appropriate alternatives given below:

Marginal utility diminishes, as consumption of commodity ________.

Fill in the blank with appropriate alternatives given below:

_________________ utility is the utility derived from the last unit of the commodity consumed.

Fill in the blank with appropriate alternatives given below:

When MU is ______________ TU decreases.

State the following statement is True or False:

MU and TU are equal at the initial stage.

Define the following concept:

Total utility

Explain the following concept:

Marginal utility 

Give reason or explain:

Utility is a psychological term. 

Give reason or explain:

Utility is ethically neutral.

Write short note on:

Equi-marginal utility

Answer the following question:

Explain the relationship between TU and MU.

State with reason whether you agree or disagree:

 When MU is zero, TU diminishes.

State whether the following statement is TRUE or FALSE.

Credit rationing is quantitative credit control measure of Central bank. 

State whether the following statement is TRUE or FALSE.

Regulation of Consumer Credit is a quantitative credit control measure of Central Bank. 

Give reason or explain.

Clearing house system economises the use of cash.