HSC Arts (English Medium) 11th Standard - Maharashtra State Board Question Bank Solutions for Economics

Complete the correlation :

______: Disguised unemployment; Urban unemployment : Industrial unemployment.

Explain the causes of unemployment in India.

Statements that are true about the Planning Commission:

1. Planning Commission was established in 1950.
2. The Prime Minister is the Ex-Officio Chairman of the Planning Commission.
3. Economic planning is a time bound programme.
4. Economic planning is based on predetermined objectives.

Give economic term:

Conscious and deliberate choice of economic priorities by some public authority.

Identify and explain the concept from the given illustration:

sayali’s mother maintains a book of accounts for household purpose and plans the expenditure accordingly.

Identify and explain the concept from the given illustration:

To solve classroom related issues, the teacher forms a group of student, this group discusses the problem and find a solution to it.

Answer the following question:

Explain the features of Economic Planning

Read the following passage and answer the questions given below:

The Finance Minister of the Central Government presents the Union Budget before the Parliament during the month of February every year. The budget, also referred to as the annual financial statement reflects the estimated receipts and expenditure of the government for a particular financial year that begins on the 1st of April and ends on 31st March. Changes in the tax structure are suggested in the budget. Besides this, provisions are also made for allocating expenditure on defence, education, research, and development, etc. The date for presenting the budget has been shifted to the 1st of February every year. This enables the generation of funds well in advance prior to the commencement of the financial year.

1) Where is the Union Budget usually presented?

2) What all aspects are considered while preparing the budget?

3) Why is the date for presenting the budget shifted to the 1st of February?

4) Explain the term 'budget'.

Give the correct option:

Statements related to partition values that are correct.

1. Exact divisions of percentiles into 100 parts gives 99 points
2. Deciles have total 9 parts
3. Quartiles are shown by Q₁, Q₂  and Q₃
4. symbolically, percentiles and Deciles are shown by P and D

Choose the correct pair:

Give the economic term:

Procedure for dividing the data into equal parts.

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

Partition values have application only in theory but not in practice.

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

Average can misinterpret the representative value.

Solve the following:

Calculate Q₁, D₄, and P₂₆ for the following data.

Solve the following :

Calculate of Q₃, D₅, and P₃₅ for the given data

Rural credit system assumes importance because ______.

Complete the following statement:

Productive loans are economically justified because___________

Complete the following statement:

Small farmers are unable to access rural credit provided by banks due to _________.

Choose the wrong pair :

Assertion (A): Indian economy is pre-dominantly rural economy.

Reasoning (R): As per 2011 census, the country’s rural population is almost 83.25 crore (68.8% of the total population)