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

Write Short note on the following.
Ratio method of measuring price elasticity of demand ?

Fill in the blanks using proper alternatives given in the bracket. 

When Government revenue exceeds government expenditure. It is known as a _______________ budget. 

Define or explain the following concepts (Any THREE): 

Stock

Choose the correct answer :                

 Perfectly elastic demand curve is _________. 

Choose the correct answer :                  

Demand of labour is _______ 

 Choose the correct answer :  

 Demand of electricity for domestic purpose is _________. 

State whether the following statements are TRUE or FALSE : 

 The demand of foodgrains is inelastic.  

The account in which the specific amount is deposited per month regularly is known as ______.

Match the following:
 

State whether the following statement is true or false.

Money facilitates estimation of national income. 

Symbolically, the functional relationship between Demand and Price can be expressed as ______.

A rightward shift in the supply curve shows _______.

Find the odd word

Assumptions to law of demand -

The Law of Demand was introduced by ______.

Government borrows from its citizens, banks, central bank etc. is known as ______.

Assertion (A): Raising debt is the most common activity of any government.

Reasoning (R): Government expenditure generally exceeds government revenue.

Identify & explain the concept from the given illustration

Reserve Bank of India helps to raise loans for both the Central and State Governments by selling government bonds, securities etc.

Distinguish Between:

Increase in supply and Decrease in supply

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

There is an inverse relationship between price and demand.