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

Distinguish between the following concepts:

Special assessment and Special levy.

Explain non-tax sources of revenue of the Government.

Complete the following statement:

An upward movement along the same supply curve shows _______.

Complete the following statement:

Other factors remaining constant, when less quantity is supplied only due to a fall in price, it shows ________.

Complete the correlation:

Expansion of supply : Price rises :: Contraction of supply : _______

Find the odd word out:

Features of monopoly: Price maker, Entry barriers, Many sellers, Lack of substitutes

Find the odd word out:

Legal monopoly:

Distinguish Between:

Expansion of supply and Contraction of supply.

Complete the correlation.

Output method : Product method :: ______ : Factor cost method.

Non-tax sources of revenue ______.

1. Direct and Indirect Tax
2. Direct Tax and Fees
3. Fees
4. Special levies

An upward movement along the same supply curve shows ______.

Find the odd word out:

Non-tax revenue:

Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.

______ is a non-tax source of revenue.

Find the odd word out:

Determinants of decrease in demand:

Complete the correlation:

Expansion of supply : Upward movement : : ______ : Downward movement.

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

Precautions are to be taken while using the product method of measuring national income.

Complete the correlation:

GST : Tax revenue : : Fine : ______.

Complete the correlation:

Tea of Assam : ______ : : India Railways : Public monopoly.

Explain the meaning of non-tax revenue.