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

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Economics
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State whether the following statements are True or False with reason: 

Demand for medicine is inelastic. 

 

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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State whether the following statements are True or False with reason: 

Income earned from foreign investment is considered for aggregate demand. 

[2.03] Determinants of Aggregates
Chapter: [2.03] Determinants of Aggregates
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Distinguish between Joint demand and Composite demand. 

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Define or Explain.

Fine and Penalty 

[2.07] Public Economics
Chapter: [2.07] Public Economics
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Define the following concept:

Demand

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Define or Explain the following concept.

Clearing House System

[2.06] Central Bank
Chapter: [2.06] Central Bank
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Define or explain the following concept:

Increase in demand

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Explain the following concept:

Market demand schedule

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Give reason or explain.

The CRR affects the lending capacity of the banks. 

[2.06] Central Bank
Chapter: [2.06] Central Bank
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Distinguish between:

Cash Reserve Ratio and Statutory Liquidity Ratio

[2.06] Central Bank
Chapter: [2.06] Central Bank
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Write short note on:

Regulation of Margin Requirements

[2.06] Central Bank
Chapter: [2.06] Central Bank
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Write Short note on : 
Cash Reserve Ratio (CRR)

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

Answer the following question:

“Central Bank of the country has the monopoly of note issue.” Explain. 

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

Write short note:

Giffen's paradox

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Answer the following question:

Explain the Data Collection and Publicity functions of the Central Bank.

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

Write short note:

Concept of demand

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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State with reason whether you agree or disagree with the following statement.

A co-operative bank acts as a lender of the last resort. 

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

Explain the functions of the Central Bank. 

[2.06] Central Bank
Chapter: [2.06] Central Bank
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Fill in the blank with appropriate alternatives given below

The General Theory of Employment, Interest and Money was written by __________. 

[2.03] Determinants of Aggregates
Chapter: [2.03] Determinants of Aggregates
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Fill in the blank with appropriate alternatives given below

That part of income, which is not spent on consumption, is called __________. 

[2.03] Determinants of Aggregates
Chapter: [2.03] Determinants of Aggregates
Concept: undefined >> undefined
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