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

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Define or explain the following concept:

Unitary Elastic Demand

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Define or explain the following concept:

 Income Elasticity of Demand

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

Demand for necessaries is inelastic.

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

Demand for habitual goods is inelastic.

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

Concept of Elasticity of Demand helps trade union leaders.

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

Demand for commodity having multiple uses has elastic demand.

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

Demand for goods having snob appeal has elastic demand.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Define or Explain the following concept:

Effective Demand

[2.03] Determinants of Aggregates
Chapter: [2.03] Determinants of Aggregates
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Give reason or explain.

Saving may be used in future for unforeseen contingencies.

[2.03] Determinants of Aggregates
Chapter: [2.03] Determinants of Aggregates
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Fill in the blank using appropriate alternatives given below

The demand for perishable goods is _______

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Fill in the blank using appropriate alternatives given below

The demand for perishable goods is _______

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
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Fill in the blank using appropriate alternatives given below

The e - banking facility is provided through _________

[2.06] Central Bank
Chapter: [2.06] Central Bank
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State whether the following statement is True or False:

Demand for luxurious goods is elastic .

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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State whether the following statement is True or False:

Demand for luxurious goods is elastic .

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
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Write short answer for the following question :

Total outlay method of measuring price elasticity of demand.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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While estimating national income, we include only the value of final goods and services in order to ______.

[7] National Income
Chapter: [7] National Income
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Give economic term:

Elasticity resulting from infinite change in quantity demanded.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Give an economic term: 

Elasticity resulting from a proportionate change in quantity demanded due to a proportionate change in price.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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  • Assertion (A): Elasticity of demand explains that one variable is influenced by another variable.
  • Reasoning (R): The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.
[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
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Assertion and Reasoning:

Assertion (A): Money market economizes use of cash

Reasoning (R): Money market deals with financial instruments that are close substitutes of money

[9] Money Market and Capital Market in India
Chapter: [9] Money Market and Capital Market in India
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