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

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Economics
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National income

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

With the increase in income, both consumption and savings increase.

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

Total Cost and Total Revenue.

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

Total Cost and Total Revenue.

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

Distinguish between Gross National Product and Net National Product.

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

Explain the various methods of measuring national income.

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

Resource allocation

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

Meaning and Definition of Market?

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

In order to avoid double counting, value added approach is used.

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

Unpaid services are not included in national income.

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

Explain various types of investment expenditure.

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

Explain in detail ‘saving function’ with schedule and diagram.

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

What is ‘national income’? Explain the theoretical difficulties involved in the measurement of national income.

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

Investment made by the government is _____________ investment.(unplanned/gross/autonomous/induced)

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

Define or explain the following concepts:

Pure competition

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

Give reasons or explain the following

The propensity to save depends upon the level of income.

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

Explain the practical difficulties involved in the measurement of national income.

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

Give reasons or Explain the following statements

Services of housewives are excluded from national income.

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

Write short notes on Price determination under perfect competition.

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

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

 National income is ........ concept.

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