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

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.

Define 'or' explain the following concept.

Lumping method

Give reason or explain the following.

Clearing house facility by central bank Economises the use of cash.

Define or explain the following concept.
Macro economic variables.

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

Demand curve slopes downward from left to right.

Answer the following question.
What is the subject matter of macro economics?

In the law of diminishing marginal utility, Alfred Marshall assumes that the marginal utility of money ______.

As per the law of diminishing marginal utility, the measurement of utility is assumed to be _____.

When MU is falling, TU is ______.