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

Find the odd word out:

Transfer payments:

Complete the correlation:

Rise in price : Expansion of supply : : Fall in transport cost : ______.

Give an economic term:

Debt is raised by the government from borrowings from its citizens.

Assertion (A) : Money market economizes use of cash

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

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

Complete the correlation:

Money market : Short term funds : : ______ : Long term funds. 

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

Complete the correlation.

Money market : Short term funds ______ Long term funds

A rightward shift in supply curve shows ______.

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

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

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

Write short notes Significance of price elasticity of demand.

State whether the following statement is true or false.

Micro Economic theory assumes full employment.

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

Price elasticity of demand can not be measured by using geometric method.

Give reason or explain the following statement:

Micro economic theories based on certain assumptions.