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

Explain the structure of unorganized sector of money market in India

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

There is a direct relationship between price and quantity supplied.

Complete the correlation.

Direct demand : Food and Mobiles : ______ : Land and Labour.

Distinguish between:

Joint/complementary demand and competitive demand.

• Assertion (A): The unorganized sector of the money market Lacks transparency.
• Reasoning (R): Activities of the unorganized sector are Largely confined to rural areas.

Complete the correlation:

Co-operative banks : Organised Sector :: Indigenous bankers : ______

Find the odd word out:

Direct demand:

Find the odd word out:

Useful products:

Factors which are working in unorganized money market.

1. Money lenders
2. Commercial bank
3. Hundi
4. Chit funds

Find the odd word out:

Types of demand:

Name and explain the types of monopoly.

Explain with reason, whether you agree or disagree with the following statement.

Price is the only determinant of demand

Give reasons or explain the following statement:

 Invention of money is the most important invention of human economic history. 

Define or Explain the following concept.

Economic efficiency

Define or Explain the following concept.

Individual economic unit

Answer the following question
What are the basic economic questions dealt by Micro Economics? 

State whether the following statement is true or false.

A cheque is a fiat money. 

State whether the following statement is True or False :

In the initial stage of human civilisation commodity money was used.

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

Under the output method, the value-added approach is used to avoid double counting.

Explain in detail the determinants of demand.