HSC Commerce: Marketing and Salesmanship 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Economics

Study the following table and answer the questions:

Questions:

1. How much is the value of input for a manufacturer?
2. How much value is added by the retailer?
3. How much is the final value of the product?
4. Which method of measuring national income is represented by the above table?

Study the following diagram and answer the questions:

Questions:

1. When the price rises from 10 to 15, supply rises from 12 to `square`.
2. When the price falls from 25 to 20, supply falls from 30 to `square`.
3. The movement of the equilibrium point from B to C indicates the `square` of supply.
4. The movement of the equilibrium point from E to D indicates the `square` of supply.

Find the odd word out:

Types of monopoly:

Give an economic term:

Amount to be paid by the concerned person in case of violation of law.

Complete the Correlation :

Expansion of supply: Price rises:: Contraction of supply: _______

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.

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

There are many sources of non-tax revenue.

Complete the Correlation:

Expansion of supply : Price rises : : Contraction of supply : ______.

Complete the Correlation:

Expansion of supply: Price rises :: Contraction of supply : ______.

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______ 

Complete the Correlation.

Expansion of supply : Price rises :: Contraction of supply : ______

A rightward shift in the supply curve shows ______.

Complete the Correlation.

Expansion of supply : Price rises :: Contraction of supply : ______

Complete the correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______

Give reasons or explain the following 

Old age pension is transfer income.

Give reasons or Explain the following statements

Microeconomics is useful to the government.

Explain, with reasons, whether you Agree or Disagree with the following statements

Good money has many qualities.

Explain, with reason,whether you Agree or Disagree with the following statement :

General acceptability is the only quality of good money.