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

Justify the following statement.

The market can be classified on the basis of competition.

Give classification of the market in detail on the basis of ‘Volume of Transaction’.

Give classification of the market on the basis of ‘time’.

Explain different types of markets in detail.

___________ are trustees of the society.

Give one word or phrase or a term which can substitute the following.

A purposeful activity of an individual or a group of associated individuals undertaken to initiate, maintain and aggrandize profit.

In India, the consumer protection act was initiated in the year ____________.

Explain the following term/concept.

Entrepreneurship Development Programme

Attempt the following.

Explain entrepreneurship development programme.

Explain significance of principles of management.

______ market is for commodities that are produced in one country and sold in another country.

State the importance of consumer protection.

Explain the following term/concept in detail.

Oligopoly

Explain the following term/concept in detail.

Monopsony

Justify the following statement.

The market can be classified on the basis of time.

Justify the following statement.

The market can be classified on the basis of volume.

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

Explain the following term/concept in detail.

Imperfect Market

Unregulated market operates according to forces of demand and supply.

Management principles are applied differently under different situations.