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

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______ 

Complete the Correlation.

Expansion of supply : Price rises :: Contraction of supply : ______

A rightward shift in the supply curve shows ______.

Complete the Correlation.

Expansion of supply : Price rises :: Contraction of supply : ______

Complete the correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______

Give reasons or explain the following 

Old age pension is transfer income.

Give reasons or Explain the following statements

Microeconomics is useful to the government.

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

Good money has many qualities.

Match the following :

State whether the following statement is  true or false :

Concept of ‘elasticity of demand’ is useful for the finance minister.

Explain, with reason,whether you Agree or Disagree with the following statement :

General acceptability is the only quality of good money.

Write Short note on the following.
Ratio method of measuring price elasticity of demand ?

Fill in the blanks using proper alternatives given in the bracket. 

When Government revenue exceeds government expenditure. It is known as a _______________ budget. 

Choose the correct answer :                

 Perfectly elastic demand curve is _________. 

Choose the correct answer :                  

Demand of labour is _______ 

 Choose the correct answer :  

 Demand of electricity for domestic purpose is _________. 

State whether the following statements are TRUE or FALSE : 

 The demand of foodgrains is inelastic.  

The account in which the specific amount is deposited per month regularly is known as ______.