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

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

Commercial banks can not create credit money.

Explain, with reasons, whether you Agree or Disagree with the following statements

Central Bank does not work as a banker to the government

Distinguish between the following.

Direct tax and Indirect tax. 

State whether the following statement is True or False with reason:    

Autonomous consumption expenditure cannot be zero.

 Do you agree with the following statements? Give reasons. 

 Central bank works as Government’s bank. 

State Whether the following statements are TRUE or FALSE: 

Due to Government expenditure demand increases.

Give reasons or explain the following statement: 

It is more appropriate to tax the rich in excess than the poor. 

Fill in the blank with appropriate alternatives given below

 __________ is an example of direct tax.

State whether the following statement is true or false. 

Indirect taxes are paid directly by people to the government. 

Give reason of Explain the statement 

Income collected from tax is a main source of government revenue.

Distinguish between:

Direct tax and indirect tax 

Answer the following question
What are the source of non-tax revenue? 

State whether the following statement is TRUE or FALSE.

Central Bank also performs commercial banking business. 

State whether the following statements is TRUE or FALSE.

The main objective of a Central Bank is to earn profit. 

Give reason or explain.

Central Bank acts as a lender of the last resort. 

Write short note on:

Open Market Operations (OMO) 

Explain the determinants of supply.

Fill in the blank using appropriate alternative given in the brackets

The duration of government budget is _________ years.

Give reason or explain the following.

Central bank acts as a banker to the government.