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

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.

Explain any four exceptions of the law of Diminishing marginal utility.

State with reason whether you agree or disagree:

 When MU is zero, TU diminishes.

Fill in the blank with appropriate alternatives given below

Central bank has the __________ of note issue.

Fill in the blank with appropriate alternatives given below

The central bank acts as a ____________ of cash reserves of the country.

Define or Explain the following concept.

Central Bank as Bank of Issue 

Answer the following question:

How does a Central Bank (for example RBI) transfer funds from one place to another? Illustrate. 

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

Central Bank is the Bank of Issue. 

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

Central Bank having monopoly of note issue is most appropriate institute of the government. 

Answer the following question
What are the contingent functions of money? 

Explain primary, secondary and contingent functions of money.

Fill in the blank with appropriate alternatives given below

Medium of exchange is __________ function of money. 

Fill in the blank with appropriate alternatives given below

Intersection between aggregate demand and aggregate supply curves determines the point of __________ demand. 

Give reason or explain.

Investment demand is not the sole determinant of aggregate demand.