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

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

State with reason Whether you 'agree' or 'disagree' with the following statement .
Central bank works as a banker to the goverment.

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

Several factors determine the supply.

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

Discount and Finance House of India (DFHI) is a constituent of organised money market of India.

Distinguish between expansion in demand and increase in demand.

The demand for salt is _____________.

A perfectly inelastic demand curve is parallel to 'Y' axis.

Distinguish between Individual demand and Market demand.

Distinguish between the following:

Direct demand and Indirect demand.

Define or explain the following concepts (Any THREE): 

Individual demand 

Match the following Group ‘A’ with Group ‘B’:   

State and explain the law of supply with exceptions.

Write explanatory notes or answer the following.  

 Revenue expenditures.  

Define or Explain the concept 

 Perfectly elastic demand  

State whether the following statements are True or False with reason: 

Demand for medicine is inelastic. 

Distinguish between Joint demand and Composite demand. 

Define the following concept:

Demand

Define or explain the following concept:

Increase in demand

Explain the following concept:

Market demand schedule

Write short note:

Giffen's paradox