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

Define or explain the following concept.

Disposable income.

Distinguish between.

Personal income and National Income.

Write short answer for the following question :

Features of Pure Competition.

State whether the following statement is true or false.

Investment made by the government is autonomous investment.

Define or explain the following concept.

Induced Consumption expenditure.

Give reason or Explain the following statement :

Paid services are included in national income.

Distinguish between:

Stock and Supply

Fill in the blanks using proper alternatives given in the brackets 

Personal Income - Direct Tax = ________________ 

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

There is no need of advertisement in monopolistic competition. 

Explain the circular flow of national income.

Write Explanatory answer. (Any Two ) 

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

 State whether the following statements are TRUE or FALSE: 

Saving increases with increase in income.  

 Define of Explain the following concept. 

Net earnings from foreign trade  

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

National income is a flow concept. 

Give reasons or explain the following statement:

The concept of national income has an important place in economic development. 

Distinguish between Any FOUR of the following :  

 Natural monopoly and Legal monopoly. 

Write explanatory notes.  

Output method of measurement of national income. 

State whether the following statements are True or False with reasons: 

 There are advertisements of commodities in perfect competition.

Give reasons or explain the following statements: 

 The net national income is less than gross national income.