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

State whether the following statements is TRUE or FALSE.

The main objective of a Central Bank is to earn profit. 

Give reason or explain.

Central Bank acts as a lender of the last resort. 

Write short note on:

Open Market Operations (OMO) 

Explain the determinants of supply.

Fill in the blank using appropriate alternative given in the brackets

The duration of government budget is _________ years.

Give reason or explain the following.

Central bank acts as a banker to the government.

Answer the following question.
What are the sources of non - tax revenue ? 

State with reason Whether you 'agree' or 'disagree' with the following statement .
Central bank works as a banker to the goverment.

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

Several factors determine the supply.

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

Discount and Finance House of India (DFHI) is a constituent of organised money market of India.

Distinguish between expansion in demand and increase in demand.

The demand for salt is _____________.

A perfectly inelastic demand curve is parallel to 'Y' axis.

Distinguish between Individual demand and Market demand.

Distinguish between the following:

Direct demand and Indirect demand.

Define or explain the following concepts (Any THREE): 

Individual demand 

Match the following Group ‘A’ with Group ‘B’:   

State and explain the law of supply with exceptions.

Write explanatory notes or answer the following.  

 Revenue expenditures.  

Define or Explain the concept 

 Perfectly elastic demand