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 banks. (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 | 3. Joint demand |
| b. Perfectly elastic supply | 5. Horizontal supply curve |
| c. Reward of entrepreneur | 2. Profit |
| d. Income method | 1. Factor cost method |
| e. Credit control | 8. Central bank |
| 4. Interest | |
| 6. Commercial bank | |
| 7. Vertical supply curve |
(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 |
