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

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

During depression .............. budget is preferable.

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Write short Answer for the following question:

Explain the components of government budget ?

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Define or explain the following concepts (Any THREE): 

Cross elasticity of demand 

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Budget where total revenue equals to total expenditure is called ______.
[8] Public Finance in India
Chapter: [8] Public Finance in India
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Write short notes (Any Two)

Revenue Receipts

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Answer the following Questions. [Any Three] 

Explain the  imprtance of elasticity of demand.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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 State whether the following statements are True or False with reasons: 

 The expenditure is more than income in balanced budget. 

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Give reasons or explain the following statements (Any Four): 

The demand curve is sloping down from left to right. 

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Give reasons or explain the following statement: 

 For the period of inflation surplus budget is prepared. 

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Write the answers in ‘one’ or ‘two’ paras each: 

Explain the types of Government budget.

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Fill in the blank with appropriate alternatives given below

When Government revenue exceeds, government expenditure it is known as __________ budget.

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Fill in the blank with appropriate alternatives given below

During depression, __________ budget is preferable.

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Distinguish between:

Deficit budget and balanced budget 

[8] Public Finance in India
Chapter: [8] Public Finance in India
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State with reason whether you agree or disagree with the following statement.

During the period of inflation, Surplus Budget is advisable. 

[8] Public Finance in India
Chapter: [8] Public Finance in India
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Do you agree with the following statement? Give reason

Explain determinants of market demand.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Answer the following question :

Explain the concept of Elasticity of Demand

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Answer the following question :

Explain the importance of concept of Elasticity of Demand for international trade.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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State with reason whether you agree or disagree with the following statement.

Various factors influence Elasticity of Demand

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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State with reason whether you agree or disagree with the following statement.

Total outlay method is one of the methods of measuring Elasticity of Demand.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Statements related to limitations of index numbers.

  1. Index numbers are not completely reliable.
  2. There may be a bias in the data collected.
  3. Every formula has some kind of defect.
  4. Index numbers ignore changes in the qualities of products.
[6] Index Numbers
Chapter: [6] Index Numbers
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