HSC Arts (English Medium) 12th Standard Board Exam - Maharashtra State Board Important Questions

State whether the following statement is True or False with reason:    

Autonomous consumption expenditure cannot be zero.

Write explanatory note.

Components of Government budget.

Define of the following concept.

Balanced budget

State whether the following statements are TRUE or FALSE with reason.

 Government budget is a family budget.  

Choose the correct answer :                 

 The Government budget is for _________.  

 State whether the following statements are True or False with reasons: 

 The expenditure is more than income in balanced budget. 

Give reasons or explain the following statement: 

It is more appropriate to tax the rich in excess than the poor. 

Give reasons or explain the following statement: 

 For the period of inflation surplus budget is prepared. 

Write the answers in ‘one’ or ‘two’ paras each: 

Explain the types of Government budget.

Fill in the blank with appropriate alternatives given below

 __________ is an example of direct tax.

Define or Explain.

Budget 

Distinguish between:

Deficit budget and balanced budget 

Define 'or' explain the following concept.

Fixed capital

The budget consists of revenue receipts and revenue expenditure ______

Find the odd word out:

Types of budget:

Demand for necessaries is................

(elastic / inelastic / infinitely elastic / unitary elastic)

When does ‘increase’ in demand take place?

Distinguish between Individual demand and Market demand.