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

• Assertion (A): Legal monopoly is created by registering a trade mark of a product.
• Reasoning (R): Legal action can be taken against a competitive firm copying a trade mark.

Find the odd word out:

Non-tax sources of revenue:

Study the following table and answer the questions:

Questions:

1. How much is the value of input for a manufacturer?
2. How much value is added by the retailer?
3. How much is the final value of the product?
4. Which method of measuring national income is represented by the above table?

Study the following diagram and answer the questions:

Questions:

1. When the price rises from 10 to 15, supply rises from 12 to `square`.
2. When the price falls from 25 to 20, supply falls from 30 to `square`.
3. The movement of the equilibrium point from B to C indicates the `square` of supply.
4. The movement of the equilibrium point from E to D indicates the `square` of supply.

Find the odd word out:

Types of monopoly:

Give an economic term:

Amount to be paid by the concerned person in case of violation of law.

Complete the Correlation :

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

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

There are many sources of non-tax revenue.

Complete the Correlation:

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

Give reasons or explain the following 

Old age pension is transfer income.

Give reasons or Explain the following statements

Microeconomics is useful to the government.

Explain, with reasons, whether you Agree or Disagree with the following statements

Good money has many qualities.

Explain, with reason,whether you Agree or Disagree with the following statement :

General acceptability is the only quality of good money.

Write Short note on the following.
Ratio method of measuring price elasticity of demand ?

Fill in the blanks using proper alternatives given in the bracket. 

When Government revenue exceeds government expenditure. It is known as a _______________ budget. 

Define or explain the following concepts (Any THREE): 

Stock

Choose the correct answer :                

 Perfectly elastic demand curve is _________. 

Choose the correct answer :                  

Demand of labour is _______ 

 Choose the correct answer :  

 Demand of electricity for domestic purpose is _________.