HSC Commerce (English Medium)
HSC Science (General)
HSC Arts (English Medium)
HSC Science (Electronics)
HSC Science (Computer Science)
HSC Commerce: Marketing and Salesmanship
Academic Year: 2018-2019
Date & Time: 9th March 2019, 11:00 am
Duration: 3h
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Fill in the blank using appropriate alternatives given Below
_________ is regarded as the father of 'Economics'.
Prof. Marshall
Adam Smith
Ragner Frisch
Robbins
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Fill in the blank using appropriate alternatives given below
The demand for perishable goods is _______
elastic
inelastic
unit elastic
perfectly inelastic
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Fill in the blank with appropriate alternatives given below
__________ consumption cannot be zero.
Induced
Autonomous
Government
Private
Chapter: [2.03] Determinants of Aggregates
Fill in the blank using appropriate alternatives given below
The e - banking facility is provided through _________
telephone
debit card
internet
credit card
Chapter: [2.06] Central Bank
Fill in the blank using appropriate alternative given in the brackets
The duration of government budget is _________ years.
One
Two
Five
Ten
Chapter: [2.06] Central Bank
Match the following words from group 'A' and 'B'.
Group 'A'
|
Group 'B'
|
(a) Prestigious goods
|
(1) Average cost
|
(b) Total Revenue / Total Quantity
|
(2) Transfer payment
|
(c) Labour
|
(3) Qualitative credit control.
|
(d) Unemployment allowance
|
(4) Rent
|
(e) Direct action
|
(5) Quantitative credit control.
|
(6) Exception to the law of demand.
|
|
(7) Wages
|
|
(8) Average revenue.
|
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
State whether the following statement is True or False:
Demand for luxurious goods is elastic .
True
False
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is TRUE and FALSE.
Stock is the source of supply.
True
False
Chapter: [1.04] Analysis of Supply
State whether the following statement is TRUE and FALSE.
There is no price discrimination under Monopolistic competition.
True
False
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
State whether the following statement is True or False :
In the initial stage of human civilisation commodity money was used.
True
False
Chapter: [2.04] Money
State whether the following statement is True or False :
Loans given by banks for a period of less than five years is known as long - term loan.
True
False
Chapter: [2.05] Commercial Bank
State whether the following statement is True or False:
The main objective of the Central Bank is to earn a profit.
True
False
Chapter: [2.06] Central Bank
Define or Explain the following concept.
Partial equilibrium
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Write Short note on the following.
Ratio method of measuring price elasticity of demand ?
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Define 'or' explain the following concept.
Product Differentiation:
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
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Define 'or' explain the following concept.
Fixed capital
Chapter: [2.07] Public Economics
Define 'or' explain the following concept.
Lumping method
Chapter: [2.01] Introduction to Macro Economics
Define 'or' explain the following concept.
Propensity to save
Chapter: [1.02] Consumers Behavior
Give reason or explain the following.
Clearing house facility by central bank Economises the use of cash.
Chapter: [2.06] Central Bank
Give reason or explain the following statement.
Micro economics studies individual economic unit.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Give reason or explain the following.
Utility and satisfaction are different concepts.
Chapter: [1.02] Consumers Behavior
Give reason or explain the following.
Law of supply is not applicable to rare articles.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Give reason or explain the following statement:
Income from second hand sale of goods is excluded from national income.
Chapter: [0.07] National Income [2.02] National Income
Give reason or explain the following.
Central bank acts as a banker to the government.
Chapter: [2.06] Central Bank
Distinguish between Desire and Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Distinguish Between:
Increase in supply and Decrease in supply
Chapter: [0.04] Supply Analysis
Distinguish between the following.
Micro Economics and Macro Economics.
Chapter: [2.01] Introduction to Macro Economics
Distinguish between the following.
Personal income and Disposable income
Chapter: [0.07] National Income [2.02] National Income
Distinguish between the following.
Standard coins and Token coins.
Chapter: [2.04] Money
Distinguish between the following.
Direct tax and Indirect tax.
Chapter: [2.07] Public Economics
Write short answer for the following question :
What is the importance of the study of Micro Economics?
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
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Write short answer for the following question :
Total outlay method of measuring price elasticity of demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Name and explain the types of monopoly.
Chapter: [0.05] Forms of Market
Write short answer for the following question :
Functions of Entrepreneur
Chapter: [1.01] Introduction to Micro Economics
Answer the following question.
Explain the relationship between Total utility and Marginal utility.
Chapter: [1.02] Consumers Behavior
What are the features of perfect competition.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Explain the concept of Macro economics and its features.
Chapter: [0.01] Introduction to Micro and Macro Economics
Answer the following question:
State the subjective factors determining consumption function?
Chapter: [2.03] Determinants of Aggregates
Answer the following question:
Explain various types of deposits.
Chapter: [2.05] Commercial Bank
Explain the types of a government budget.
Chapter: [2.07] Public Economics
State with reason whether you 'agree' or 'disagree' with the following statement.
Homogeneity of commodities is the only assumption of the law of diminishing marginal utility.
Agree
Disagree
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
State with reasons whether you ‘agree’ or ‘disagree’ with the following statement.
Demand curve slopes downward from left to right.
Agree
Disagree
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
State with reason whether you 'agree' or 'disagree' with the following statement.
Supply depends on several factors.
Agree
Disagree
Chapter: [1.04] Analysis of Supply
State with reason whether you 'agree' or 'disagree' with the following statement.
Barter system did not have any difficulty.
Agree
Disagree
Chapter: [2.04] Money
State with reason whether you 'agree' or 'disagree' with the following statement.
Credit creation of commercial banks is based on primary deposits.
Agree
Disagree
Chapter: [2.05] Commercial Bank
State with reason whether you 'agree' or 'disagree' with the following statement.
Central bank is a bank which issues notes.
Agree
Disagree
Chapter: [2.06] Central Bank
Write Explanatory answer.
State and explain the law of demand with its exception.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
What is the elasticity of demand?
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Explain the factors determining the elasticity of demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
What is ‘National Income’?
Chapter: [0.07] National Income [2.02] National Income
Explain the theoretical difficulties involved in the measurement of national income.
Chapter: [0.07] National Income
Answer in detail.
What is Aggregate Supply? Explain the determinants of Aggregate Supply.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
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Maharashtra State Board previous year question papers 12th Standard Board Exam Economics with solutions 2018 - 2019
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