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

Find the odd word

Development of New Port -

Assertion (A): Generally, arithmetic mean is used in the construction of index numbers.

Reasoning (R): Arithmetic mean is simple to compute compared to other averages.

Assertion and Reasoning type question.

Assertion (A): Transfer payments are included in national income.

Reasoning (R): Transfer payments such as pension, unemployment allowance etc. are a part of government expenditure.

Identify & explain the concept from the given illustration.

Sarla, a retired school teacher receives a monthly pension of ₹ 20,000/- from the Government.

Distinguish Between

Gross Domestic Product and Net Domestic Product

State with reason whether you agree or disagree with the following statement:

Any year can be selected as the base year

State with reason whether you agree or disagree with the following statement:

Transfer payments are included in national income.

Study the following table, figure, passage and answer the question given below it.

1. Complete the above table (1m)
2. Construct Price Index number from the above data (3m)

Answer in detail:

Explain in detail the output method of measuring national income

Give an economic term:

The gross market value of all final goods and services produced within the domestic territory of a country during a period of a year.

State with reasons whether you agree or disagree with the following statement.

Price under perfect competition is decided by the interaction between demand and supply.

Study the following table and answer the questions given below it.

1. Calculate GDP (Gross Domestic Product) on the basis of the above table.
2. Calculate NDP (Net Domestic Product) on the basis of the above table.

Identify and explain the following concept:

Ashok paid the tax on his income and property.

Complete the correlation:

Inflation: Surplus budget : : ______ : Deficit budget

Study the following table and answer the questions:

Questions:

1. Calculate the value of net exports on the basis of the above table.
2. Calculate the value of depreciation on the basis of the above table.

Study the following diagram and answer the questions:

Questions:

1. Prepare a hypothetical schedule for market demand and supply for the given market.
2. State the equilibrium price and corresponding market demand and market supply for the given market.

State with reasons whether you agree or disagree with the following statement:

It is not essential to decide the purpose of an index number while constructing it.

Explain the steps in constructing a price index number.

Find the odd word out:

Development financial institutions:

Explain essential characteristics of tax.