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

Find the odd word out:

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

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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 ______.

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Non-tax revenue:

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.

______ is a non-tax source of revenue.

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Determinants of decrease in demand:

Complete the correlation:

Expansion of supply : Upward movement : : ______ : Downward movement.

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

Precautions are to be taken while using the product method of measuring national income.

Complete the correlation:

GST : Tax revenue : : Fine : ______.

Complete the correlation:

Tea of Assam : ______ : : India Railways : Public monopoly.

Explain the meaning of non-tax revenue.

• Assertion (A): Legal monopoly is created by registering a trade mark of a product.
• Reasoning (R): Legal action can be taken against a competitive firm copying a trade mark.

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Non-tax sources of revenue:

Study the following table and answer the questions:

Questions:

1. How much is the value of input for a manufacturer?
2. How much value is added by the retailer?
3. How much is the final value of the product?
4. Which method of measuring national income is represented by the above table?

Study the following diagram and answer the questions:

Questions:

1. When the price rises from 10 to 15, supply rises from 12 to `square`.
2. When the price falls from 25 to 20, supply falls from 30 to `square`.
3. The movement of the equilibrium point from B to C indicates the `square` of supply.
4. The movement of the equilibrium point from E to D indicates the `square` of supply.

Find the odd word out:

Types of monopoly: