HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION


HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION 

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION

HSC Economics Question Paper 2020 PDF - Std 12th Commerce - Maharashtra Board. 


Q.1. (A) Fill in the blanks using appropriate alternatives given in the brackets: (5)[16] 


(1) Micro economics is a _______ equilibrium approach. (partial / general / total / multi-variable) 


(2) Income elasticity of demand for inferior goods is _______. (positive / negative / zero / greater than one) 


(3) Investment made by the government is _______ investment. (Induced / autonomous / gross / unplanned) 


(4) _______ is a primary function of commercial blanks. (Purchasing and selling securities / Accepting deposits / Safe deposit vault / Letter of credit) 


(5) When the government’s revenue exceeds government’s expenditure, it is known as _______ budget. (surplus / balanced / deficit / unbalanced) 


(B) Match the words from the following groups ‘A’ and ‘B’ correctly: (5) 



Group A

Group B

a. Pen and ink

b. Perfectly elastic supply

c. Reward of entrepreneur

d. Income method

e. Credit control

1. Factor cost method

2. Profit

3. Joint demand

4. Interest

5. Horizontal supply curve

6. Commercial bank

7. Vertical supply curve

8. Central bank


(C) State whether the following statements are True or False: (6) 


(1) Demand for luxurious goods is elastic. True

(2) Supply is indirectly related to price. False

(3) Under perfect competition products are not homogeneous. False

(4) Estimation of national income is possible with the help of money. True

(5) Commercial banks are the backbone of the modern economy. True

(6) The Central bank does not act as a lender of last resort for the commercial banks. False


Q.2. (A) Define ‘or’ explain the following concepts (Any THREE): (6)[12] 


(1) Micro economics 

(2) Marginal cost 

(3) Natural monopoly

(4) Entrepreneur 

(5) General equilibrium 

(6) Clearing house


(B) Give reasons ‘or’ explain the following statements (Any THREE): (6) 


(1) Micro economics is also known as price theory. 


(2) Utility is ethically neutral


(3) Demand for necessary goods is inelastic


(4) Old age pension is transfer income


(5) Saving is the function of income


(6) As a banker to the government the central bank transfers government funds


Q.3. (A) Distinguish between the following terms (Any THREE): (6)[12] 


(1) Individual demand and Market demand. 


(2) Extension in supply and Contraction in supply. 


(3) Slicing method and Lumping method


(4) Personal income and Personal disposable income


(5) Full bodied coins and Token coins


(6) Direct tax and Indirect tax


(B) Write short notes (Any TWO): (6) 


(1) Importance of micro economics


(2) Geometric method of measuring price elasticity of demand


(3) Features of pure competition


(4) Qualities of an entrepreneur


Q.4. Answer the following questions (Any THREE): [12] 


(1) Explain the ‘law of diminishing marginal utility’


(2) Explain the features of monopolistic competition


(3) Explain the scope and subject matter of macro economics


(4) Explain the subjective factor influencing consumption function


(5) Explain the various types of loans


(6) Explain capital receipts and capital expenditure as a part of the capital budget


Q.5. State with reasons whether you ‘agree’ or ‘disagree’ with the following statements (Any THREE): [12] 


(1) There are many features of utility


(2) Many factors influence the demand for a commodity


(3) There are no exceptions to the law of supply


(4) There are many secondary functions of money


(5) Commercial banks perform many general utility services


(6) The Central bank does not act as bankers’ bank


Q.6. Write explanatory answers (Any TWO): [16] 


(1) Explain the ‘law of demand’ with its assumptions.

(2) What is ‘elasticity of demand’? Explain the type of elasticity of demand


(3) What is ‘national income’? Explain the theoretical difficulties involved in estimation of national income


(4) What is ‘aggregate supply’? Explain the factors determining of aggregate supply.



HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION

HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION
HSC ECONOMICS MARCH 2020 BOARD PAPER WITH SOLUTION


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