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

Write short notes (Any Two)

Revenue Receipts

 State whether the following statements are True or False with reasons: 

 The expenditure is more than income in balanced budget. 

Distinguish between Any Four of the following :  

Bank rate and Interest rate. 

Give reasons or explain the following statement: 

 For the period of inflation surplus budget is prepared. 

Write the answers in ‘one’ or ‘two’ paras each: 

Explain the types of Government budget.

Fill in the blank with appropriate alternatives given below

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

Fill in the blank with appropriate alternatives given below

During depression, __________ budget is preferable.

Distinguish between:

Deficit budget and balanced budget 

State with reason whether you agree or disagree with the following statement.

During the period of inflation, Surplus Budget is advisable. 

Fill in the blank with appropriate alternatives given below

Bank Rate is also called as __________ rate.

State whether the following statement is TRUE or FALSE.

Bank Rate is the selective credit control measure used by the Central Bank of the country. 

Define or Explain the following concept.

Bank Rate 

Distinguish between:

Bank Rate and Open Market Operations

Write short note on:

Bank Rate 

Distinguish between convertible paper money and inconvertible paper money.

Give reason or explain. 

Money works as a store of value. 

Give reason or explain. 

Money is the basis of credit. 

State whether the following statement is true or false.

The difference between a country's exports and imports is termed as net earnings from foreign transactions.

Distinguish between:

Exports and Imports