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

Study the following table and answer the questions:

Questions:

1. Complete the above table.
2. State whether the following statements are True or False:
   (a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
   (b) There is an inverse relationship between price and market demand.

Explain the concept of internal trade.

Complete the correlation:

______ : Microeconomics : : Aggregate demand : Macroeconomics.

Find the odd word out:

Useful products:

Find the odd word out:

Types of demand:

Give an economic term:

Deposits that are withdrawable on demand.

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

When price of Giffen goods fall, the demand for it increases.

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

When price of Giffen goods fall, the demand for it increases.

Explain the relationship between Total utility and Marginal utility.

Change in the price of substitute goods affects the demand for another goods.

Population is the only determinant factor of demand.

Explain with reasons, whether you agree or disagree with the following statement

Cash reserve ratio is a quantitative measure of credit control.

Central Bank has the sole power of issuing currency notes.

Define or explain the following concept.

Bank Rate.

Write short answer for the following question :

Explain qualitative meansures of credit contorl adopted by the Central Bank.

Define or Explain the Bank Ratev ?

Explain with reason whether you ‘agree’ or ‘disagree’ with the following statement:

Various factors incluence tha demand for a commodity.

Define or explain the following concepts.

Clearing house

 State whether the following statements are TRUE or FALSE:  

 Marginal utility increases with increase in consumption.