Maharashtra State BoardHSC Arts 12th Board Exam
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Question Bank Solutions for HSC Arts 12th Board Exam - Maharashtra State Board - Economics

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Economics
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State whether the following statement is True or False 

Total Revenue = Total quantity x Price.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Define or explain the following concept.

Disposable income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Distinguish between.

Personal income and National Income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Write short answer for the following question :

Features of Pure Competition.

[0.05] Forms of Market
Chapter: [0.05] Forms of Market
Concept: Market

What is National Income ?Explain theoretical or conceptual difficulties of measuring National Income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

State whether the following statement is true or false.

Investment made by the government is autonomous investment.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Define or explain the following concept.

Induced Consumption expenditure.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Write a short answer to the following question :

Explain the features of National Income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Give reason or Explain the following statement :

Paid services are included in national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Explain practical difficulties involved in estimation of national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Fill in the blanks using proper alternatives given in the brackets 

Personal Income - Direct Tax = ________________ 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

State whether the following statements are ‘True’ or ‘False’.

There is no need of advertisement in monopolistic competition. 

[0.05] Forms of Market
Chapter: [0.05] Forms of Market
Concept: Market
Choose the correct answer:      
When income increases, the consumption expenditure _________.
(a) increases
(b) decreases
(c) becomes equal
(d) becomes zero
[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Explain the circular flow of national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Write answer in 'one' or 'two' paragraph :

What are the difficulties in the measurement of national income?

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Write Explanatory answer. (Any Two ) 

What is national income. Explain how national income is mesured by output method 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

 Answer in detail :

What is monopoly? Explain the features of monopoly.

[0.05] Forms of Market
Chapter: [0.05] Forms of Market
Concept: Market

 State whether the following statements are TRUE or FALSE: 

Saving increases with increase in income.  

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

 Define of Explain the following concept. 

Net earnings from foreign trade  

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

 State whether the following statements are TRUE or FALSE with reason. 

National income is a flow concept. 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income
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