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

Give reason or explain the following statement.

Demand for factors of production is derived demand.

Give reason or explain the following statement.

Demand for factors of production is derived demand.

Distinguish between Desire and Demand.

Distinguish between Desire and Demand.

What do you mean by demand?

What do you mean by demand?

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

Central Bank is a profit-making institution. 

Do you agree with the following statement? Give reason

Many factors influence the demand for a commodity.

Do you agree with the following statement? Give reason

Many factors influence the demand for a commodity.

The demand for salt is ______.

Fill in the blank with appropriate alternatives given below:

Income elasticity of demand for inferior goods is __________.

Fill in the blank with appropriate alternatives given below:

Perfectly elastic demand curve is ________________.

Fill in the blank with appropriate alternatives given below:

Cross elasticity of demand is applicable to ____________ goods.

Fill in the blank with appropriate alternatives given below:

The slope of demand curve is _______________ in case of inelastic demand.

State whether the following statement is TRUE and FALSE.

Demand for luxuries is elastic.

State whether the following statement is TRUE and FALSE.

Perfectly inelastic demand curve is parallel to the X axis.

State whether the following statement is TRUE and FALSE.

Total outlay is price multiplied by quantity.

State whether the following statement is TRUE and FALSE.

Unitary Elastic Demand rarely occurs in practice.

State whether the following statement is TRUE and FALSE.

Concept of Elasticity of Demand is useful for finance minister.

Define the following concept:

Cross Elasticity of Demand