Economics – Important Question Bank for Maharashtra HSC Board Exam 2017

Hi, we’re trying to collate and gather the data and would be updating it here a few days before the exam. Please keep on visiting our website for updates.

Please use the comments box below and post questions that you think are important from your analysis. It would help the HSC community a lot.

Do subscribe to our updates so that you do not miss out on any important information that we push your way.

Economics Important Question Bank 2017

Q1. What is Monopoly? Describe the features of Monopoly

Q2. There are no exceptions to the Law of Demand.

Q3. Macro-economics is different form Micro-economics.

Q4. What is Price elasticity of demand? Explain the different types of Price elasticity of demand.

Q5. What is perfect competition? State the price determination under perfect competition.

Q6. The law of diminishing marginal utility could be explaining with example and diagram.

Q7. State law of supply with assumptions.

Q8. What are the effects of population on consumption expenditure?

Q9. Explain the features of macro economics

Q10. Explain qualitative (Selective) methods of credit control by the Central Bank

Q11. What is meant by perfect completions? State its features.

Q12. Explain the relationship between Marginal utility and Total utility with diagram.

Q13. Explain the law of demand. State its assumptions.

Q14. Explain any ‘two methods’ of measuring price elasticity of demand

Q15. What is ‘consumption function’? Explain the subjective factors which determine consumption Function.

Q16. State the features of Capital

Q17. State the features of labor.

Q18. What is metallic money?

Q19. Explain the functions of Central Bank

Q20. Explain the definitions of Money

DISTINGUISH BETWEEN

1. Macro economics and Micro economics.
2. Demand Curve and Supply Curve
3. Land and Capital
4. Marginal utility and Total utility
5. Income elasticity of demand and cross elasticity of demand
6. Individual problem and National problem,
7. Stock and Supply.
8. Income and Saving
9. Current deposit and Recurring deposit.
10. Surplus budget and balanced budget
11. Man-made factors and Natural factors
12. Direct tax and indirect tax
13. Convertible paper money and in convertible paper money
14. Total income method and total expenditure method
15. Import and Export
16. Natural Monopoly and Legal Monopoly.
17. Output method and expenditure method
18. Increase in supply and decrease in supply
19. Partial equilibrium and General equilibrium
20. Standard coins and token coins

SHORT NOTES

1. Determinants of aggregate supply
2. Secondary functions of money
3. Overdraft facility
4. Bank rate
5. Propensity to consume
6. Primary functions of money
7. Features of Micro economics
8. Objective factors of saving function
9. Qualities of an Entrepreneur
10. Micro economics
11. Revenue expenditures
12. Components of Government budget
13. Types of Monopoly
14. Microscopic study
15. Historical review of micro economics
16. Risk and uncertainty bearing function of an entrepreneur
17. Features of land
18. Primary function of commercial bank
19. Revenue expenditures
20. Saving function