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

Assertion (A): Commercial banks can control credit.

Reasoning (R): Commercial banks function to earn profit.

Identify and explain the concept from the given illustration:

Sara deposited a lump sum amount of ₹25,000 in the State Bank of India for a period of one year.

Distinguish between:

Current Deposits and Recurring Deposits

Trends shown by Public expenditure of any Government shows following trend.  

1. Constant
2. Increasing
3. Decreasing
4. Fluctuating

Explain the functions of commercial bank.

Explain the functions of a commercial bank.

Income elasticity of demand for inferior goods is negative.

Income elasticity of demand for inferior goods is negative.

Demand for the commodity having multiple uses has elastic demand.

The law of equi-marginal utility is based on certain assumptions.

Explain the factors determining the elasticity of demand.

Explain any 'two methods' of measuring price elasticity of demand.

Write short notes on the Proportional method of measuring the elasticity of demand.

Give reason or explain the following statement:

Micro economics is also known as price theory.

Define or explain the following concept.

Unitary elastic demand.

Write a short note on factors determining elasticity of demand.

Write short note on :

Giffen's paradox.

State and explain in detail the Law of Diminishing Marginal Utility  ?

State whether the following statement is True or False :

Concept of elasticity of demand is useful for finance minister.

What is the elasticity of demand?