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

Trends shown by the Public expenditure of any Government show the following trend.

1. Constant
2. Increasing
3. Decreasing
4. Fluctuating

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

Democratic Governments do not lead to increase in public expenditure.

Complete the following statement:

Commercial banks act as intermediaries in the financial system to ______.

Complete the correlation:

______ : Central bank :: SBI : Commercial Bank

Assertion (A): Foreign exchange management and control is undertaken by commercial banks.

Reasoning (R): RBI has to maintain the official rate of exchange of the rupee and ensure its stability.

Explain the functions of RBI.

Explain the concept of foreign trade and its types.

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

Trade is an engine of growth for an economy.

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

During British rule, indigenous handicrafts suffered a severe blow.

Identify and explain the concept from the given illustration:

Japan sells smartphones to Myanmar.

Structure of organized sector of money market:

1. Reserve Bank of India
2. Commercial banks
3. Co-operative banks
4. Indigenous bankers

Classification of commercial banks in India:

1. Public sector banks
2. Private sector banks
3. Foreign banks
4. Central bank

______ : Commercial bank :: Credit control : Central bank

Deposits that are repayable after a certain period of time –

Purchase of goods and services by one country from another country −

Find the odd word

Organized sector -

Find the odd word

Types of foreign trade -

Deposits that are withdrawable on demand are known as ______.

Assertion (A): Public expenditure is that expenditure which is incurred by the public authority. [Central, State and Local Bodies]

Reasoning (R): Public expenditure is undertaken for protection of citizens, satisfying their collective needs and promoting their economic and social welfare.

Assertion (A): Credit control is an important function of commercial banks.

Reasoning (R): Commercial banks create deposits out of loans given thereby leading to credit creation.