HSC Science (Computer Science) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Economics

State whether the following statement is True or False:

The main objective of the Central Bank is to earn a profit.

Distinguish between Individual demand and Market demand.

What is a ‘consumption function’?

Explain the subjective factors which determine consumption function.

Distinguish between the following:

Direct demand and Indirect demand.

Explain the determinants of aggregate supply.

What are the determinants of Aggregate demand?

State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement: 

Central Bank is called as the bankers' bank .

Distinguish between the following.

Commercial Bank and Central Bank.

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

Aggregate supply is influenced only by availability of natural resources.

Write explanatory answer:

What is Aggregate demand ? Explain the determinants of Aggregate demand.

Define or explain the following concepts (Any THREE): 

Individual demand 

Match the following Group ‘A’ with Group ‘B’:   

State with reason whether you agree or disagree with the following statements. (any Three) 

Aggregate demand  depand only on the consumption expenture. 

Define of Explain the following concept.  

 Market 

Rewrite the following sentences by using proper substitute given in the bracket: 

 The nature of the market of barter system is ________.  

 Rewrite the following sentences by using proper substitute given in the bracket: 

 There is lack of ________ in monopoly.  

 Explain the following concepts or give definitions. 

Depreciation  

State whether the following statements are True or False with reasons (Any Four) :

The Central bank works as a Bankers’ Bank. 

Define or Explain the concept 

 Perfectly elastic demand