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

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.

______ is a non-tax source of revenue.

Find the odd word out:

Determinants of decrease in demand:

Complete the correlation:

Expansion of supply : Upward movement : : ______ : Downward movement.

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

Precautions are to be taken while using the product method of measuring national income.

Complete the correlation:

GST : Tax revenue : : Fine : ______.

Complete the correlation:

Tea of Assam : ______ : : India Railways : Public monopoly.

Explain the meaning of non-tax revenue.

• Assertion (A): Legal monopoly is created by registering a trade mark of a product.
• Reasoning (R): Legal action can be taken against a competitive firm copying a trade mark.

Find the odd word out:

Non-tax sources of revenue:

Study the following table and answer the questions:

Questions:

1. How much is the value of input for a manufacturer?
2. How much value is added by the retailer?
3. How much is the final value of the product?
4. Which method of measuring national income is represented by the above table?

Study the following diagram and answer the questions:

Questions:

1. When the price rises from 10 to 15, supply rises from 12 to `square`.
2. When the price falls from 25 to 20, supply falls from 30 to `square`.
3. The movement of the equilibrium point from B to C indicates the `square` of supply.
4. The movement of the equilibrium point from E to D indicates the `square` of supply.

Find the odd word out:

Types of monopoly:

Give an economic term:

Amount to be paid by the concerned person in case of violation of law.

Complete the Correlation :

Expansion of supply: Price rises:: Contraction of supply: _______

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.

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

There are many sources of non-tax revenue.

Complete the Correlation:

Expansion of supply : Price rises : : Contraction of supply : ______.

Complete the Correlation:

Expansion of supply: Price rises :: Contraction of supply : ______.