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

Consumer Protection Act provides protection to the producer.

Correct the underlined word and rewrite the following sentence

In India, sellers are widely dispersed and are not united.

Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.

The retail market is the market where the retailer sells goods directly to the ______ in small quantities.

Write a word/term/phrase for the following sentence.

Type of market where durable commodities that are generally non-perishable in nature are sold.

Write a word/term/phrase for the following sentence.

The market is where goods are sold to the ultimate consumers or the users of the product.

Write a word/term/phrase for the following sentence.

Two sellers, selling either a homogeneous product or a differentiated product.

The market for the commodities which are produced in one country and sold in other countries is known as the national market.

In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.

Regulated Market operates according to forces of demand and supply.

Find the odd one.

Find the odd one.

______ refers to a market situation when there is a single buyer of a commodity or service.

Answer in one sentence.

What do you mean by 'Local Market'?

Answer in one sentence.

What do you mean by 'Regulated Market'?

Correct the underlined word and rewrite the following sentence.

Commodity Market refers to the market for borrowing and lending long term capital required by the business.

Correct the underlined word and rewrite the following sentence.

In a duopoly, there is a single seller.

Arrange in proper order:

Local market, International market, National market.

Explain types of the market on the basis of the area covered.

Explain types of the market on the basis of time.