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

National income

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

Total Cost and Total Revenue.

Total Cost and Total Revenue.

Distinguish between Gross National Product and Net National Product.

Explain the various methods of measuring national income.

Resource allocation

Meaning and Definition of Market?

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

Unpaid services are not included in national income.

Explain various types of investment expenditure.

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

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

Define or explain the following concepts:

Pure competition

Give reasons or explain the following

The propensity to save depends upon the level of income.

Give reasons or Explain the following statements

Services of housewives are excluded from national income.

Write a short notes Historical review of microeconomics.

Write short notes on Price determination under perfect competition.

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

 National income is ........ concept.

State whether the following statement is True or False 

Total Revenue = Total quantity x Price.