HSC Science (Computer Science) १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Economics

Complete the correlation:

Rise in price : Contraction of demand : : Fall in price : ______.

Explain the theoretical difficulties involved in the measurement of national income.

Write an explanatory answer.

Explain the practical (statistical) difficulties involved in the estimation of national income.

Complete the Correlation:

Theoretical difficulty : Transfer payments :: ______ : Valuation of Inventories.

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

There are many theoretical difficulties in the measurement of national income.

Identify and explain the following concept:

Vrinda receives a monthly pension of Rs. 5,000/- from the state government.

Identify & Explain the Concepts from the given illustration:

Viru kept aside 100 kgs. out of 500 kgs. of wheat produced on his farm for his family.

Write any four practical difficulties in national income estimation.

Assertion (A): Production for self-consumption is not accounted for in the national income.

Reasoning (R): The products kept for self consumption do not enter the market.

There are no theoretical difficulties in the measurement of National Income.

Explain the reforms introduced in the money market in India.

• Assertion (A): Due to illiteracy, small producers do not keep an account of their production.
• Reasoning (R): The value of services provided out of love is not added in national income.

Identify and explain the concept from the given illustration:

Salman has a total stock of 500 gel pens in his shop which includes 200 gel pens produced in the previous financial year.

Complete the correlation:

Pen and ink: ______ :: Tea and Coffee : Substitute goods.

Explain the importance of national income.

The budget consists of revenue receipts and revenue expenditure ______

State and explain the factors influencing the elasticity of demand.

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

Statistical data of national income helps in framing national policies.

Explain the importance of elasticity of demand.

Assertion and Reasoning:

• Assertion (A): Regional stock exchanges have witnessed a sharp decline in the volume of trade.
• Reasoning (R): Investors prefer to trade in securities listed in premier stock exchanges like BSE, NSE, etc.