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

State whether the following statement is TRUE and FALSE

When demand increases, the demand curve shifts to the left.

State whether the following statement is TRUE and FALSE

Quantity demanded varies directly with price.

State whether the following statement is TRUE and FALSE

Quantity demanded varies directly with price.

State whether the following statement is TRUE and FALSE

Law of demand is explained by Prof. Robbins.

State whether the following statement is TRUE and FALSE

Law of demand is explained by Prof. Robbins.

State whether the following statement is TRUE and FALSE

Individual demand is a demand by single buyer.

State whether the following statement is TRUE and FALSE

Individual demand is a demand by single buyer.

Define or Explain the following concept.

Prof. Samuelson's definition of Central Bank 

Define the following concept.

Open Market Operation 

Define or Explain the following concept.

Moral suasion

Define or Explain the following concept.

Cash Reserve Ratio 

Define the following concept:

Derived demand

Define the following concept:

Derived demand

Define or explain the following concept:

Direct demand

Define or explain the following concept:

Direct demand

Give reason or explain.

As a banker to the government, the Central Bank transfers government funds. 

Give reason or explain.

A Central Bank may take 'Direct Action' against the defaulting commercial banks. 

Give reason or explain the following statement.

Demand curve slopes downward from left to right.

Give reason or explain the following statement.

Demand curve slopes downward from left to right.

Write short note on:

Definition of a Central Bank