HSC Science (General) 12th Standard Board Exam - Maharashtra State Board Important Questions for Economics

Define or explain the following concepts (Any THREE): 

Stock

Write whether the following statement is True or False:

Demand for commodities depends upon various factors.

Write whether the following statement is True or False:

Salt has elastic demand.

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

Define the concept of demand schedule.

State whether the following statement isTrue or False with reason:                            

The concept of elasticity of demand is useful in economic theory.

Answer the following Questions. [Any Three] 

Explain the  imprtance of elasticity of demand.

 Distinguish between :

 Individual demand schedule and Market demand schedule.

Fill in the blank with appropriate alternatives given in the bracket: 

The law of demand states ________ relation between demand and price. 

fill in the blank with appropriate alternatives given in the bracket: 

 Demand for salt is ___________. 

Choose the correct answer :                

 Perfectly elastic demand curve is _________. 

Choose the correct answer :                  

Demand of labour is _______ 

 Choose the correct answer :  

 Demand of electricity for domestic purpose is _________. 

Give reasons or explain the following statements  

 Demand for basic necessities is inelastic. 

Write the answer in ‘one’ or ‘two’ paras.

What are the main determinants of aggregate demand? 

State whether the following statements are TRUE or FALSE :  

The demand of foodgrains is inelastic. 

State whether the following statements are TRUE or FALSE : 

 The demand of foodgrains is inelastic.  

The account in which the specific amount is deposited per month regularly is known as ______.