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

Give economic term:

Elasticity resulting from infinite change in quantity demanded.

Give an economic term: 

Elasticity resulting from a proportionate change in quantity demanded due to a proportionate change in price.

• Assertion (A): Elasticity of demand explains that one variable is influenced by another variable.
• Reasoning (R): The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.

Assertion and Reasoning:

Assertion (A): Money market economizes use of cash

Reasoning (R): Money market deals with financial instruments that are close substitutes of money

Distinguish between:

Demand deposit and Time deposit

Identify and explain the following concept:

Sheetal purchased wheat flour for her bakery from the flour mill.

Identify and explain the concept from the given illustration:

Tina deposited a lumpsum amount of ₹ 50,000 in the bank for a period of one year.

Identify and explain the concept from the given illustration:

ABC bank provides a Demat facility, safe deposit lockers, and internet banking facilities to its customers.

Statements related to the concept of stock.

1. It is the total quantity of a commodity available with the seller at a particular point in time.
2. By increasing production, stock can be increased.
3. Normally, stock exceeds supply.
4. Stock is a flow concept.

Aggregate of utility derived by the consumer from all units of a commodity consumed −

In relationship between Total Utility & Marginal Utility, MU (Marginal Utility) of a commodity becomes negative when TU (Total Utility) of a commodity is ______.

Capital market is a market for ______.

Assertion (A): Without stock, supply is not possible.

Reasoning (R): Stock is the source of supply.

Identify & explain the concept from the given illustration.

Kavita consumed an additional unit of bread to satisfy her hunger.

Distinguish Between:

Total Utility and Marginal Utility

Explain the relationship between total utility and marginal utility

State with reason whether you agree or disagree with the following statement

When total utility is maximum, marginal utility is zero.

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

There is a direct relationship between price and quantity supplied.

Study the following table, figure, passage and answer the question below it:

1. Complete the table ______ (1m )
2. When Total utility falls Marginal utility is_______ (1m)
3. Draw total utility and marginal utility curve______ (2m)

Give economic terms:

Additional utility derived by a consumer from an additional unit consumed.