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

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Explain with reason whether you 'agree' or 'disagree' with the following statement:

Law of diminishing marginal utility depends upon various assumptions.

[1.02] Consumers Behavior
Chapter: [1.02] Consumers Behavior
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Explain with reason whether you 'agree' or 'disagree' with the following statement:

Overdraft facility is not provided to the current account holders.

[2.04] Money
Chapter: [2.04] Money
Concept: undefined >> undefined

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Define or explain the following concept.

Unitary elastic demand.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Write a short note on factors determining elasticity of demand.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Write short note on :

Giffen's paradox.

[1.02] Consumers Behavior
Chapter: [1.02] Consumers Behavior
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State and explain in detail the Law of Diminishing Marginal Utility  ?

[1.02] Consumers Behavior
Chapter: [1.02] Consumers Behavior
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State whether the following statement is True or False :

Concept of elasticity of demand is useful for finance minister.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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What is the elasticity of demand?

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

Price theory is the base of micro economic analysis.

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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State whether the following statement isTrue or False with reason:                            

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

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Write explanatory note.

Government expenditure.

[1.02] Consumers Behavior
Chapter: [1.02] Consumers Behavior
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 The law of equi-marginal utility is based on the law of _________. 

[1.02] Consumers Behavior
Chapter: [1.02] Consumers Behavior
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Give reasons or explain the following statements  

 Demand for basic necessities is inelastic. 

[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 statements are TRUE or FALSE :  

The demand of foodgrains is inelastic. 

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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What is meant by Perfect competition?

[5] Forms of Market
Chapter: [5] Forms of Market
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Fill in the blanks with appropriate alternatives given in the bracket.  

 If the price of the inferior goods falls, the demand for them will ________. 

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
Concept: undefined >> undefined

Fill in the blanks with appropriate alternatives given in the bracket.

Demand elasticity can be measured from demand curve by ___________ method. 

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Do you agree with the following statement? Give reason.

Micro Economics is known as income theory.

[1.01] Introduction to Micro Economics
Chapter: [1.01] Introduction to Micro Economics
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Match the following groups: 

Group A Group B
1. Deficit budget  a. Tax revenue
2. Government budget b. Capital receipts
3. Fees, license fee   c. Irrigation
4. Borrowings d. Non-tax revenue
5. Plan expenditure e. One year
    f. Government expenditure > Government revenue
    g.

Two years

[2.07] Public Economics
Chapter: [2.07] Public Economics
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State whether the following statement is true or false. 

The budget is a monthly statement. 

[2.07] Public Economics
Chapter: [2.07] Public Economics
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