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

Explain the following concept:

Price discrimination

Define or explain the following concept:

Equilibrium price

State whether the following statement is TRUE and FALSE.

Under perfect competition, price is determined by equilibrium of demand and supply.

Fill in the blank with appropriate alternative given below

The price at which demand and supply equate to each other is called _______ price.

Define 'or' explain the following concept.

Lumping method

Give reason or explain the following.

Clearing house facility by central bank Economises the use of cash.

Define or explain the following concept.
Macro economic variables.

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

Demand curve slopes downward from left to right.

Answer the following question.
What is the subject matter of macro economics?

In the law of diminishing marginal utility, Alfred Marshall assumes that the marginal utility of money ______.

As per the law of diminishing marginal utility, the measurement of utility is assumed to be _____.

When MU is falling, TU is ______.

Distinguish between the following concepts:

Developmental expenditure and non-developmental expenditure.

Find the odd word out:

Quantitative Tools of credit control:

Distinguish between Expansion of Supply and Increase in Supply.

Distinguish between Contraction of Supply and Decrease in Supply.

Types of foreign trade:

1. Import trade
2. Export trade
3. Entrepot trade
4. Internal trade

Identify and explain the concept from the given illustration:

India purchased petroleum from Iran.

Identify and explain the concept from the given illustration:

England imported cotton from India, made readymade garments from it and sold them to Malaysia.

Exceptions to the law of diminishing marginal utility:

1. Cardinal measurement
2. Hobbies
3. Miser
4. Money