Share
Notifications

View all notifications
Advertisement

Economics Set 1 2016-2017 HSC Science (Electronics) 12th Board Exam Question Paper Solution

Login
Create free account


      Forgot password?
Economics [Set 1]
Marks: 100Academic Year: 2016-2017
Date: July 2017

[16]1
[5]1.1 |  Fill in the blanks using proper alternatives given in the brackets.
[1]1.1.1

Fill in the blanks using proper alternatives given in the brackets. 

Demand for car and petrol is ____________ de 

1. Direct 

2.Indirect 

3.Joint 

4.Composite 

Concept: Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[1]1.1.2

Fill in the blanks using proper alternatives given in the bracket.

Total Revenue ➗ number of units sold = ____________ 

1.Average Cost

2.Average Revenue 

3.Marginal Cost 

4.Total Cost 

Concept: Methods of Calculating National Income - Value Added Or Product Method
Chapter:
[1]1.1.3

Fill in the blanks using proper alternatives given in the brackets 

Personal Income - Direct Tax = ________________ 

1.Private income 

2.Disposable income

3.National Income 

4. Total Income 

 
Concept: Concept of National Income
Chapter: [0.07] National Income [2.02] National Income
[1]1.1.4

Fill in the blanks using proper alternatives given in the bracket 

____________ bank has the monopoly of note issue. 

1.Commercial 

2.Co - operative 

3.Central 

4.Industrial

Concept: Definition - Central Bank
Chapter: [2.06] Central Bank
[1]1.1.5

Fill in the blanks using proper alternatives given in the bracket. 

When Government revenue exceeds government expenditure. It is known as a _______________ budget. 

1.Surplus

2.balanced 

3.deficit 

4. unbalanced

Concept: Micro Economics - Useful to Government
Chapter: [1.01] Introduction to Micro Economics
[5]1.2

Match the following: 

  Group ‘A’   Group ‘B’
a) Marginal utility 1) Price Discrimination
b) Medicines 2) Legal tender money
c) Monopoly 3) Government bank
d) Currency Notes 4) Utility from last unit.
e) Central Bank 5) Inelastic demand
    6) Commercial bank
    7) Utility of all units
    8) Elastic demand

 

Concept: Use of Marginalism Principle in Micro Economics
Chapter: [1.01] Introduction to Micro Economics
[6]1.3 | State whether the following statements are ‘True’ or ‘False’.
[1]1.3.1

State whether the following statements are True or False: 

Adam Smith is known as the 'Father of Economics.' 

Concept: Introduction and Features of Micro Economics
Chapter: [1.01] Introduction to Micro Economics
[1]1.3.2

State whether the following statements are True or False: 

Better transport facility increases supply at the same price.

Concept: Concept of Supply
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
[1]1.3.3

State whether the following statements are ‘True’ or ‘False’.

There is no need of advertisement in monopolistic competition. 

Concept: Meaning and Features of Market
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
[1]1.3.4

State whether the following statements are ‘True’ or ‘False’. 

Depreciation is included in net investment. 

Concept: Investment Demand
Chapter: [2.03] Determinants of Aggregates
[1]1.3.5

State whether the following statements are True or False: 

Central Bank acts as a lender of the last resort.

 

 

Concept: Definition - Central Bank
Chapter: [2.06] Central Bank
[1]1.3.6

State whether the following statements are True or False: 

Budget is not prepared for each and every year.

Concept: Meaning of Government Budget
Chapter: [2.07] Public Economics
[12]2
[6]2.1 | Define or explain the following concepts (Any THREE):
[1]2.1.1

Define or explain the following concepts (Any THREE): 

Individual demand 

Concept: Types of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[1]2.1.2

Define or explain the following concepts (Any THREE): 

Cross elasticity of demand 

Concept: Importance of Price Elasticity of Demand
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
[1]2.1.3

Define or explain the following concepts (Any THREE): 

Stock

Concept: Factors Affecting Price Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Advertisement
[1]2.1.4

Define or explain the following concepts:

Entrepreneur

Concept: Factors of Production - Organisation
Chapter: [1.06] Factors of Production
[1]2.1.5

Define or explain the following concept :

Effective demand .

Concept: Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[1]2.1.6

Define or explain the following concepts.

Clearing house

Concept: Central Bank Function - Controller of Credit
Chapter: [2.06] Central Bank
[1]2.2 | Give reasons or Explain the following statements. (Any Three)
[1]2.2.1

Give reasons or Explain the following statements. 

All desires are not demand. 

Concept: Change in Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[1]2.2.2

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

Concept: Types of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[1]2.2.3

Give reasons or Explain the following statements. (Any Three) 

Agricultural goods are exceptions to the law of supply. 

Concept: Market Supply
Chapter: [1.04] Analysis of Supply
[1]2.2.4

Give reasons or Explain the following statements. (Any Three) 

Macro Economic is also known as income and employement theory.

Concept: Meaning and Features of Macro Economic
Chapter: [2.01] Introduction to Macro Economics
[1]2.2.5

Give reason or explain the following statement:

Rate of interest on fixed deposit is high.

Concept: Commercial Banks
Chapter: [2.05] Commercial Bank
[1]2.2.6

Give reasons or Explain the following statements. (Any Three) 

During the [eriod of depression deficit budgets is used.

Concept: Components of Budget
Chapter: [2.07] Public Economics
[12]3
[6]3.1 | Distinguish between (Any Three)
[2]3.1.1

Distinguish between (Any Three) 

From Utility and Place Utility. 

Concept: Types of Utility
Chapter: [1.02] Consumers Behavior
[2]3.1.2

Distinguish between (Any Three) 

Increase in demand and Decrease in Demand.

Concept: Types of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[2]3.1.3

Distinguish between (Any Three) 

Relatively more elastic demand and relatively less elastic demand.

Concept: Measurement of Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[2]3.1.4

Distinguish between the following.

Micro Economics and Macro Economics.

Concept: Difference Between Mirco Economic and Macro Economic
Chapter: [2.01] Introduction to Macro Economics
[2]3.1.5

Distinguish between the following.

Standard coins and Token coins.

Concept: Money - Store of Value
Chapter: [2.04] Money
[2]3.1.6

Distinguish between the following.

Commercial Bank and Central Bank.

Concept: Commercial Banks
Chapter: [2.05] Commercial Bank
[6]3.2 |  Write short notes (Any Two)
[2]3.2.1

Write short notes (Any Two) 

Feature of micro Economic.

Concept: Introduction and Features of Micro Economics
Chapter: [1.01] Introduction to Micro Economics
Advertisement
[2]3.2.2

Explain the importance of the law of Diminishing Marginal Utility.

Concept: Diminishing Marginal Utility
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
[2]3.2.3

Write short notes (Any Two) 

Types of loans of commercial bank.

Concept: Commercial Banks
Chapter: [2.05] Commercial Bank
[2]3.2.4

Write short notes (Any Two)

Revenue Receipts

Concept: Types of Budget
Chapter: [2.07] Public Economics
[12]4 |  Answer the following Questions. [Any Three]
[4]4.1

Answer the following Questions. [Any Three] 

Explain the impotance of Micro Economic.

Concept: Introduction and Features of Micro Economics
Chapter: [1.01] Introduction to Micro Economics
[4]4.2

Answer the following Questions. [Any Three]

Explain features of utility.

Concept: Features of Utility
Chapter: [1.02] Consumers Behavior
[4]4.3

Answer the following Questions. [Any Three] 

Explain the  imprtance of elasticity of demand.

Concept: Importance of Price Elasticity of Demand
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
[4]4.4

Answer in detail:

Explain the concept of Macro economics and its features.

Concept: Macro Economics
Chapter: [0.01] Introduction to Micro and Macro Economics
[4]4.5

Explain the circular flow of national income.

Concept: Concept of National Income
Chapter: [0.07] National Income [2.02] National Income
[4]4.6

Explain the agency function of commercial banks.

Concept: Commercial Banks
Chapter: [2.05] Commercial Bank
[12]5 |  State with reason whether you agree or disagree with the following statements. (any Three)
[4]5.1
State with reason whether you agree or disagree with the following statements. (any Three) 
Vrious factors influence Elasticity of Demand.
Concept: Factors Affecting Price Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[4]5.2

State with reason whether you agree or disagree with the following statements. (any Three)

Supply curve slope upward from left to right. 

 

Concept: Supply Curve and Schedule
Chapter: [1.04] Analysis of Supply
[4]5.3

State with reason whether you agree or disagree with the following statements. (any Three) 

There are many feature of labour. 

Concept: Factors of Production - Labour
Chapter: [1.06] Factors of Production
[4]5.4

State with reason whether you agree or disagree with the following statements. (any Three) 

Aggregate demand  depand only on the consumption expenture. 

Concept: Concept of Aggregate Demand and Aggregate Supply
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
[4]5.5

Barter system did not have any difficulty.

Concept: Concept of Barter Exchange
Chapter: [2.04] Money
[4]5.6
State with reason whether you agree or disagree with the following statements. (any Three) 
Central Bank do not adopt quantitative mesures of credit control.
Concept: Method of Credit Control - Quantitative
Chapter: [2.06] Central Bank
[16]6 |  Write Explanatory answer. (Any Two )
[8]6.1

Write Explanatory answer.

State and explain the law of demand with its exception. 

Concept: Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
[8]6.2
Write Explanatory answer. (Any Two )
What is perfect competitaion ? Explain price determination under perfect competition.
Concept: Main Market Forms
Chapter: [0.04] Supply Analysis [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Advertisement
[8]6.3

Write Explanatory answer. (Any Two ) 

What is national income. Explain how national income is mesured by output method 

Concept: Concept of National Income
Chapter: [0.07] National Income [2.02] National Income
[8]6.4

Write Explanatory answer. (Any Two ) 

What do you mean by aggregate supply? Explain deteminants of aggregate supply?

Concept: Market Supply
Chapter: [1.04] Analysis of Supply

Request Question Paper

If you dont find a question paper, kindly write to us





      View All Requests

Submit Question Paper

Help us maintain new question papers on Shaalaa.com, so we can continue to help students




only jpg, png and pdf files

Maharashtra State Board previous year question papers 12th Board Exam Economics with solutions 2016 - 2017

     Maharashtra State Board 12th Board Exam Eco question paper solution is key to score more marks in final exams. Students who have used our past year paper solution have significantly improved in speed and boosted their confidence to solve any question in the examination. Our Maharashtra State Board 12th Board Exam Eco question paper 2017 serve as a catalyst to prepare for your Economics board examination.
     Previous year Question paper for Maharashtra State Board 12th Board Exam Eco-2017 is solved by experts. Solved question papers gives you the chance to check yourself after your mock test.
     By referring the question paper Solutions for Economics, you can scale your preparation level and work on your weak areas. It will also help the candidates in developing the time-management skills. Practice makes perfect, and there is no better way to practice than to attempt previous year question paper solutions of Maharashtra State Board 12th Board Exam.

How Maharashtra State Board 12th Board Exam Question Paper solutions Help Students ?
• Question paper solutions for Economics will helps students to prepare for exam.
• Question paper with answer will boost students confidence in exam time and also give you an idea About the important questions and topics to be prepared for the board exam.
• For finding solution of question papers no need to refer so multiple sources like textbook or guides.
Advertisement
View in app×