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

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

Aggregate supply is influenced by the state of technology only.

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

Positive net earnings from foreign transactions add to aggregate demand.

Answer in detail.
Explain the determinants of aggregate demand.

Answer in detail.
What is Aggregate Supply? Explain the determinants of Aggregate Supply.

Answer in detail.
Explain the equilibrium between Aggregate Demand and Aggregate Supply.

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

Central bank is a bank which issues notes.

Write explanatory answer.
What is 'aggregate supply'? Explain the determinants of aggregate supply.

The relationship between income and demand for inferior goods is ______.

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