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

 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.

Distinguish between internal debt and external debt.

A rightward shift in supply curve shows ______.

Write a statement of the Law of Demand.

• Assertion (A): Debt raised by the government from borrowings from the International Monetary Fund is an external debt.
• Reasoning (R): The Government of India may take loans from International Monetary Fund for Mumbai Metro Train.

Complete the correlation:

Rise in price : Expansion of supply : : Fall in labour cost : ______.

Find the odd word out:

Transfer payments: