HSC Science (Computer Science) 12th Standard Board Exam - Maharashtra State Board Important Questions for Economics

Give reason or explain the following statement.

Micro economics studies individual economic unit.

Write short answer for the following question :

What is the importance of the study of Micro Economics?

 Answer in detail 

State the features of Macro economics. 

Explain the following concepts or give definitions. 

 Micro economics  

Micro Economics is also called as ______. 

Define or Explain the following concept.

Partial equilibrium

General equilibrium : Macro economics : : ______ : Micro economics

Distinguish Between

Slicing method and Lumping method

Explain any four features of macroeconomics.

Answer the following question .
Explain the types of utility.

Explain the importance of the law of Diminishing Marginal Utility.

Define or explain the following concept.

Service utility.

Explain with reason whether you ‘agree’ or ‘disagree’ with the following statement:

The law of 'diminishing marginal utility' is important in the practice?

What are the characteristics of utility?

Identify and explain the concept from the given illustration:

Lalita satisfied her want of writing an essay by using pen and notebook.

Explain any four features of utility.

State and explain the assumptions of the law of diminishing marginal utility.

What is aggregate supply? 

The demand for salt is _____________.

A perfectly inelastic demand curve is parallel to 'Y' axis.