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

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National income is the subject matter of _________ Economics. 

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GDP _(FC) = GDP _(MP) – __________ 

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In India, the responsibility for the calculation of national income rests with _________.

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National income is __________ concept.

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Paper purchased by a publisher is __________.

Define or explain the following concept:

Market

Distinguish between the following.

Personal income and Disposable income

Choose the correct option:

The branch of economics that deals with the allocation of resources.

a) Microeconomics

b) Macroeconomics

c) Econometrics

d) None of these

Statements that are incorrect in relation to index numbers.

1. An index number is a geographical tool.
2. Index numbers measure changes in air pressure.
3. Index numbers measure relative changes in an economic variable.
4. Index numbers are specialized averages.

Complete the correlation:

Macro economic theory : Income and employment : : Micro economics : ________

Complete the correlation:

Makros : Macro economics : : Mikros : ______

General equilibrium : Macro economics : : ______ : Micro economics

Complete the correlation:

Micro economics : Tree : : Macro economics : ______.

______ : Base year prices :: P₁ : Current year prices.

Complete the Correlation:

__________ : Single variable :: Composite index : Group of variables

State with reason whether you agree or disagree with the following statement:

Index numbers measure changes in the price level only.

State with reason whether you agree or disagree with the following statement:

Index numbers can be constructed without the base year.

Explain the features of index numbers.

The relationship between demand for a good and the price of its substitute is ______.

Complete the following statement:

When less units are demanded at high price it shows ______.