HSC Science (Electronics) इयत्ता १२ वी - Maharashtra State Board Question Bank Solutions for Economics

Distinguish Between:

Total Utility and Marginal Utility

Explain the relationship between total utility and marginal utility

Explain any four types of demand.

Explain the structure of organized sector of money market in India

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

When total utility is maximum, marginal utility is zero.

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

Issue of currency notes is the only function of Reserve Bank of India.

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

Commercial banks create credit.

Study the following table, figure, passage and answer the question below it:

1. Complete the table ______ (1m )
2. When Total utility falls Marginal utility is_______ (1m)
3. Draw total utility and marginal utility curve______ (2m)

PASSAGE

Post-liberalization, public sector banks have diversified into non- traditional activities such as mutual funds, merchant banking, venture capital funding etc. There is also growth in parabanking activities such as leasing, hire-purchase and factoring services.

Merchant banking includes issue management, project counselling, working capital financing, foreign currency loans, portfolio management etc.

Retail banking offers financial services to individuals for personal consumption such as housing loans, loans for purchase of consumer durables, auto loans, educational loans, credit cards etc.

Banks have been permitted to enter into the life insurance business.

1. Identify the areas of diversification undertaken by public sector banks post-liberalization (1 mark)
2. Mention the financial services offered under retail banking. (1mark)
3. Give your personal opinion based on the above passage. (2 marks)

Complete the correlation.

Direct demand : Food and Mobiles : ______ : Land and Labour.

Give economic terms:

Additional utility derived by a consumer from an additional unit consumed.

Assertion (A): Marginal utility (MU) goes on diminishing.

Reasoning (R): Total utility (TU) increases at a diminishing rate.

Distinguish between:

Joint/complementary demand and competitive demand.

Find the odd word out:

Direct demand:

Complete the correlation:

Trade between India and Iran : International trade : : Trade between Maharashtra and Madhya Pradesh : ______

Identify and explain the concept from the given illustration:

Deepak decided to count how many times he had to travel by train in a period of one month.

Identify and explain the concept from the given illustration:

Maharashtra sold mangoes to Himachal Pradesh.

Study the following table and answer the questions:

Questions:

1. Complete the above table.
2. State whether the following statements are True or False:
   (a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
   (b) There is an inverse relationship between price and market demand.

Explain the concept of internal trade.

Complete the correlation:

______ : Microeconomics : : Aggregate demand : Macroeconomics.