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

Explain the law of demand with its assumptions.

Slicing method and Lumping method.

Determination of equilibrium price under perfect competition.

There are no exceptions to the law of supply.

State and explain the ‘law of demand’ with its exceptions.

When does ‘increase’ in demand take place?

Credit money is created by the Central bank of a  country.

Define or explain the following concepts:

Slicing method

Give reasons or explain the following 

Central bank acts as a lender of the last resort of commercial banks.

Distinguish between Gross domestic product at a market price and Gross domestic product at factor cost.

Explain the budget expenditure of the government.

 Give reasons or Explain the following statement

Autonomous investment is not directly linked with profit.

Answer the following question :

Explain the relationship between ‘total utility’ and ‘marginal utility’.

Fill in the blank using proper alternative given in the bracket:

Market demand is a total demand of...............buyers.

Define or explain the following concept.

Market Demand .

Write explanatory answer.

Define perfect competition and explain price determination under perfect competition.

Define or Explain the General equilibrium.

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

The law of 'diminishing marginal utility' is important in the practice?

State whether the following statements are ‘True’ or ‘False’. 

Depreciation is included in net investment.