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

Define or Explain the following concept:

Aggregate Demand

Define or Explain the following concept:

Aggregate Supply

Give reason or explain.

Aggregate demand is a positive function of the level of employment and output.

Distinguish between:

Aggregate Demand and Aggregate Supply

Write Short note on:

Average Propensity to Consume

Write Short note on:

Marginal Propensity to Consume

Answer the following question:
What are the determinants of Aggregate Demand (AD)?

Answer the following question:
What are the determinants of Aggregate Supply (AS)?

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

Aggregate demand depends only on the consumption expenditure.

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 ______.