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

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

 The expenditure is more than income in balanced budget. 

Give reasons or explain the following statements (Any Four): 

The demand curve is sloping down from left to right. 

Give reasons or explain the following statement: 

 For the period of inflation surplus budget is prepared. 

Write the answers in ‘one’ or ‘two’ paras each: 

Explain the types of Government budget.

Fill in the blank with appropriate alternatives given below

When Government revenue exceeds, government expenditure it is known as __________ budget.

Fill in the blank with appropriate alternatives given below

During depression, __________ budget is preferable.

Distinguish between:

Deficit budget and balanced budget 

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

During the period of inflation, Surplus Budget is advisable. 

Do you agree with the following statement? Give reason

Explain determinants of market demand.

Answer the following question :

Explain the concept of Elasticity of Demand

Answer the following question :

Explain the importance of concept of Elasticity of Demand for international trade.

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

Various factors influence Elasticity of Demand

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

Total outlay method is one of the methods of measuring Elasticity of Demand.

Statements related to limitations of index numbers.

1. Index numbers are not completely reliable.
2. There may be a bias in the data collected.
3. Every formula has some kind of defect.
4. Index numbers ignore changes in the qualities of products.

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

Index numbers are free from limitations.

Complete the correlation:

Primary market : ______ :: Secondary market : Old issues.

Identify and explain the concept from the given illustration:

Raghu’s father regularly invests his money in stocks and bonds.

Statements related to limitations of index numbers.

1. Index numbers are not completely reliable.
2. There may be a bias in the data collected.
3. Every formula has some kind of defect.
4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

1. Index numbers are not completely reliable.
2. There may be a bias in the data collected.
3. Every formula has some kind of defect.
4. Index numbers ignore changes in the qualities of products.

Statements related to limitations of index numbers.

1. Index numbers are not completely reliable.
2. There may be a bias in the data collected.
3. Every formula has some kind of defect.
4. Index numbers ignore changes in the qualities of products.