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

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Economics
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State whether the following statement is true or false.

Perfectly inelastic demand curve is parallel to ‘X’ axis.

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
Concept: undefined >> undefined

Give reason or explain the following statement:

Central Bank acts as a lender of the last resort.

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

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Write short answer for the following question.

Explain the Law of Demand.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Concept: undefined >> undefined

Write short answer for the following question.

Explain the Law of Demand.

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
Concept: undefined >> undefined

Explain any four features of national income.

[7] National Income
Chapter: [7] National Income
Concept: undefined >> undefined

Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
Concept: undefined >> undefined

Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Concept: undefined >> undefined

Match the following:

Group A Group B
a. Demand and Price (1) Interest
b. Stock (2) Stock
c. Reward of Capital (3) Reserve Bank of India
d. Unemployment allowance (4) Bank of India
e. Central Bank (5) Direct relation
  (6) Potential Supply
  (7) Transfer Income
  (8) Inverse relation
[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

State whether the following statement is True or False :

Concept of elasticity of demand is useful for finance minister.

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
Concept: undefined >> undefined

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

Central Bank is a profit making institution ?

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

What is the elasticity of demand?

[3.2] Elasticity of Demand
Chapter: [3.2] Elasticity of Demand
Concept: undefined >> undefined

State and explain the law of demand.

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
Concept: undefined >> undefined

State and explain the law of demand.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Concept: undefined >> undefined

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

Demand for car and petrol is ____________ de 

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Concept: undefined >> undefined

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

Demand for car and petrol is ____________ de 

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
Concept: undefined >> undefined

Fill in the blanks using proper alternatives given in the bracket 

____________ bank has the monopoly of note issue. 

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

State whether the following statements are True or False: 

Central Bank acts as a lender of the last resort.

 

 

[2.06] Central Bank
Chapter: [2.06] Central Bank
Concept: undefined >> undefined

Write whether the following statement is True or False:

Demand for commodities depends upon various factors.

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
Concept: undefined >> undefined

Write whether the following statement is True or False:

Demand for commodities depends upon various factors.

[1.03] Analysis of Demand and Elasticity of Demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Concept: undefined >> undefined

Write whether the following statement is True or False:

Salt has elastic demand.

[3.1] Demand Analysis
Chapter: [3.1] Demand Analysis
Concept: undefined >> undefined
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