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

Fill in the blank with appropriate alternatives given below:

Marginal utility diminishes, as consumption of commodity ________.

Fill in the blank with appropriate alternatives given below:

_________________ utility is the utility derived from the last unit of the commodity consumed.

Fill in the blank with appropriate alternatives given below:

When MU is ______________ TU decreases.

State the following statement is True or False:

MU and TU are equal at the initial stage.

Define the following concept:

Total utility

Explain the following concept:

Marginal utility 

Give reason or explain:

Utility is a psychological term. 

Give reason or explain:

Utility is ethically neutral.

Write short note on:

Equi-marginal utility

Answer the following question:

Explain the relationship between TU and MU.

State with reason whether you agree or disagree:

 When MU is zero, TU diminishes.

State whether the following statement is TRUE or FALSE.

Credit rationing is quantitative credit control measure of Central bank. 

State whether the following statement is TRUE or FALSE.

Regulation of Consumer Credit is a quantitative credit control measure of Central Bank. 

Give reason or explain.

Clearing house system economises the use of cash. 

Distinguish between:

Quantitative Credit Control Measures and Qualitative Credit Control Measures

Write short note on:

Issuing Directives 

Write short note on:

Central Bank's measure of regulation of consumer credit 

Distinguish between:

Individual demand and market demand

Answer the following question:

What are the various measures of quantitative credit control?

Answer the following question:

What are the various measures of qualitative credit control?