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

State whether the following statement is True or False:

Demand for luxurious goods is elastic .

State whether the following statement is True or False:

Demand for luxurious goods is elastic .

Write short answer for the following question :

Total outlay method of measuring price elasticity of demand.

While estimating national income, we include only the value of final goods and services in order to ______.

Give economic term:

Elasticity resulting from infinite change in quantity demanded.

Give an economic term: 

Elasticity resulting from a proportionate change in quantity demanded due to a proportionate change in price.

• Assertion (A): Elasticity of demand explains that one variable is influenced by another variable.
• Reasoning (R): The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.

Assertion and Reasoning:

Assertion (A): Money market economizes use of cash

Reasoning (R): Money market deals with financial instruments that are close substitutes of money

Distinguish between:

Demand deposit and Time deposit

Identify and explain the following concept:

Sheetal purchased wheat flour for her bakery from the flour mill.

Identify and explain the concept from the given illustration:

Tina deposited a lumpsum amount of ₹ 50,000 in the bank for a period of one year.

Identify and explain the concept from the given illustration:

ABC bank provides a Demat facility, safe deposit lockers, and internet banking facilities to its customers.

Statements related to the concept of stock.

1. It is the total quantity of a commodity available with the seller at a particular point in time.
2. By increasing production, stock can be increased.
3. Normally, stock exceeds supply.
4. Stock is a flow concept.

Aggregate of utility derived by the consumer from all units of a commodity consumed −

In relationship between Total Utility & Marginal Utility, MU (Marginal Utility) of a commodity becomes negative when TU (Total Utility) of a commodity is ______.

Capital market is a market for ______.

Assertion (A): Without stock, supply is not possible.

Reasoning (R): Stock is the source of supply.

Identify & explain the concept from the given illustration.

Kavita consumed an additional unit of bread to satisfy her hunger.

Distinguish Between:

Total Utility and Marginal Utility

Explain the relationship between total utility and marginal utility