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HSC Arts (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions

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Answer the following Questions. [Any Three] 

Explain the  imprtance of elasticity of demand.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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State whether the following statements are TRUE or FALSE : 

The problems of Nation are studied in the micro economy. 

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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Give reasons or explain the following statements (Any Four): 

The demand curve is sloping down from left to right. 

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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 Give reasons or explain the following statement: 

Assumptions of micro economics are unrealistic. 

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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State whether the following statement is TRUE or FALSE.

Micro Economic theory assumes full employment.

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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State whether the following statement is TRUE or FALSE.

Micro Economic theory suggests policies to solve problem of inflation. 

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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Give reason or explain the following statement.

Micro Economics analyses partial equilibrium.

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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Give reason or explain the following statement.

Micro Economic theories are based on certain assumptions.

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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Give reason or explain the following statement.

Marginalism principle is used as a tool of analysis in micro economics. 

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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Answer the following question
Explain the government’s development and non development expenditure. 

[2.07] Public Economics
Chapter: [2.07] Public Economics
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Distinguish between:

Inferior goods and superior goods

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
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Do you agree with the following statement? Give reason

Explain determinants of market demand.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Answer the following question :

Explain the concept of Elasticity of Demand

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Answer the following question :

Explain the importance of concept of Elasticity of Demand for international trade.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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State with reason whether you agree or disagree with the following statement.

Various factors influence Elasticity of Demand

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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State with reason whether you agree or disagree with the following statement.

Total outlay method is one of the methods of measuring Elasticity of Demand.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Write short answer for the following question :

Functions of Entrepreneur 

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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Explain the role of the money market in India.

[9] Money Market and Capital Market in India
Chapter: [9] Money Market and Capital Market in India
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Choose the correct option:

Export trends of India’s foreign trade include:

  1. Engineering goods
  2. Gems and Jewellery
  3. Textiles and ready-made garments
  4. Gold
[10] Foreign Trade of India
Chapter: [10] Foreign Trade of India
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Explain the trend in India's imports.

[10] Foreign Trade of India
Chapter: [10] Foreign Trade of India
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