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

Choose the correct answer :      

The capacity of a commodity to satisfy human want is known as _________. 

Choose the correct answer :                 

 The Government budget is for _________.  

 Give reasons or explain the following statements : 

The Entrepreneur is called as a leader of the organisation. 

Write explanatory notes or answer the following.

 Aggregate demand 

Do you agree with the following statements? Give reasons. 

Marginal utility and Total utility is same. 

Fill in the blanks with appropriate alternatives given in the bracket.  

 Marginal consumption function is always ________. 

Choose the correct answer :   

Currency rate of India to other currency means _________. 

 Define or Explain the concept

Real investment 

Give reasons or explain the following statement: 

 A monopolist can control the supply of goods. 

Give reasons or explain the following statement: 

Macro economics is comprehensive in nature. 

Fill in the blank with appropriate alternatives given below:

Marginal utility diminishes, as consumption of commodity ________.

Fill in the blank with appropriate alternatives given below:

_________________ utility is the utility derived from the last unit of the commodity consumed.

Fill in the blank with appropriate alternatives given below:

When MU is ______________ TU decreases.

State the following statement is True or False:

MU and TU are equal at the initial stage.

Define the following concept:

Total utility

Explain the following concept:

Marginal utility 

Give reason or explain:

Utility is a psychological term. 

Give reason or explain:

Utility is ethically neutral.

Write short note on:

Equi-marginal utility

Answer the following question:

Explain the relationship between TU and MU.