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

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.

Do you agree with the following statement? Give reason.

Macro-Economics is individualistic

Answer in detail
Explain the scope and subject matter of Macro-Economics.

State the following statement is true or false.

Study of price determination is a subject matter of Macro-Economics.

State the following statement is true or false.

Micro-Economics deals with the study of aggregates.

State the following statement is true or false.

National output is an example of macro variable.

Define or Explain the following concept

Macro variables

Define or Explain the following concept

General equilibrium

Give reason or explain the following statement

Macro-Economics deals with whole economy.

Give reason or explain the following statement

Macro-Economics is different from Micro-Economics.

Distinguish between the following:

Slicing method and Lumping method

Define or explain the following concept:

Variable capital

Give reason or explain:

Raw material is considered as a variable capital.

State whether the following statement is TRUE and FALSE.

Capital is a natural factor of production.

Explain the following concept:

Price discrimination

Define or explain the following concept:

Equilibrium price

State whether the following statement is TRUE and FALSE.

Under perfect competition, price is determined by equilibrium of demand and supply.

Fill in the blank with appropriate alternative given below

The price at which demand and supply equate to each other is called _______ price.