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

State and explain the law of demand.

State and explain the law of demand.

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

Demand for car and petrol is ____________ de 

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

Demand for car and petrol is ____________ de 

Fill in the blanks using proper alternatives given in the bracket 

____________ bank has the monopoly of note issue. 

State whether the following statements are True or False: 

Central Bank acts as a lender of the last resort.

Write whether the following statement is True or False:

Demand curve has a positive slope.

Write whether the following statement is True or False:

Demand curve has a positive slope.

Write whether the following statement is True or False:

Demand for commodities depends upon various factors.

Write whether the following statement is True or False:

Demand for commodities depends upon various factors.

Write whether the following statement is True or False:

Salt has elastic demand.

Write whether the following statement is True or False:

Salt has elastic demand.

Define the concept of demand schedule.

Define the concept of demand schedule.

Define or explain the concept of Lender of the last resort .

State whether the following statement isTrue or False with reason:                            

The concept of elasticity of demand is useful in economic theory.

State whether the following statement is True or False with reason:

Central Bank works for profit.

 Distinguish between :

 Individual demand schedule and Market demand schedule.