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

Distinguish between Gross domestic product at a market price and Gross domestic product at factor cost.

Explain the budget expenditure of the government.

 Give reasons or Explain the following statement

Autonomous investment is not directly linked with profit.

Fill in the blank using proper alternative given in the bracket:

Market demand is a total demand of...............buyers.

Define or explain the following concept.

Market Demand .

Write explanatory answer.

Define perfect competition and explain price determination under perfect competition.

Define or Explain the General equilibrium.

Explain with reason whether you ‘agree’ or ‘disagree’ with the following statement:

The law of 'diminishing marginal utility' is important in the practice?

State whether the following statements are ‘True’ or ‘False’. 

Depreciation is included in net investment. 

Write answer in 'one' or 'two' paragraph .

Explain the primary functions of money.

 State whether the following statements are TRUE or FALSE:  

 Marginal utility increases with increase in consumption. 

 State whether the following statements are TRUE or FALSE:  

 In deficit budget, expenditure is more than income. 

Define of the following concept.

Balanced budget

State whether the following statements are TRUE or FALSE with reason.

 Government budget is a family budget.  

State whether the following statements are TRUE or FALSE with reason. 

Cheque is not legal tender money. 

 Distinguish between Any FOUR of the following :        

 Income method and Expenditure method. 

State with reason, whether you Agree or Disagree with the following statement. 

The demand curve slopes downward from left to right.

 Answer in detail. 

 Explain the functions of Central Bank.