HSC Arts (English Medium) इयत्ता १२ वी - Maharashtra State Board Question Bank Solutions for Economics

Give reasons or explain the following statement:

 Invention of money is the most important invention of human economic history. 

Define or Explain the following concept.

Economic efficiency

Define or Explain the following concept.

Individual economic unit

Answer the following question
What are the basic economic questions dealt by Micro Economics? 

State whether the following statement is true or false.

A cheque is a fiat money. 

State whether the following statement is True or False :

In the initial stage of human civilisation commodity money was used.

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

Under the output method, the value-added approach is used to avoid double counting.

Explain in detail the determinants of demand.

Distinguish between the following concepts:

Special assessment and Special levy.

Explain non-tax sources of revenue of the Government.

Complete the following statement:

An upward movement along the same supply curve shows _______.

Complete the following statement:

Other factors remaining constant, when less quantity is supplied only due to a fall in price, it shows ________.

Complete the correlation:

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

Find the odd word out:

Features of monopoly: Price maker, Entry barriers, Many sellers, Lack of substitutes

Find the odd word out:

Legal monopoly:

Distinguish Between:

Expansion of supply and Contraction of supply.

Complete the correlation.

Output method : Product method :: ______ : Factor cost method.

Non-tax sources of revenue ______.

1. Direct and Indirect Tax
2. Direct Tax and Fees
3. Fees
4. Special levies

An upward movement along the same supply curve shows ______.

Find the odd word out:

Non-tax revenue: