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

Fill in the blank with appropriate alternatives given below:

Marginal utility diminishes, as consumption of commodity ________.

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_________________ utility is the utility derived from the last unit of the commodity consumed.

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When MU is ______________ TU decreases.

State the following statement is True or False:

MU and TU are equal at the initial stage.

Define the following concept:

Total utility

Explain the following concept:

Marginal utility 

Give reason or explain:

Utility is a psychological term. 

Give reason or explain:

Utility is ethically neutral.

Write short note on:

Equi-marginal utility

Answer the following question:

Explain the relationship between TU and MU.

Explain any four exceptions of the law of Diminishing marginal utility.

State with reason whether you agree or disagree:

 When MU is zero, TU diminishes.

Fill in the blank with appropriate alternatives given below

Central bank has the __________ of note issue.

Fill in the blank with appropriate alternatives given below

The central bank acts as a ____________ of cash reserves of the country.

Define or Explain the following concept.

Central Bank as Bank of Issue 

Answer the following question:

How does a Central Bank (for example RBI) transfer funds from one place to another? Illustrate. 

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

Central Bank is the Bank of Issue. 

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

Central Bank having monopoly of note issue is most appropriate institute of the government. 

Answer the following question
What are the contingent functions of money? 

Explain primary, secondary and contingent functions of money.