Economics – Important Question Bank for Maharashtra HSC Board Exam 2017

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After the tremendous success of our last year Important Questions Bank for Maharashtra HSC Board Exam 2016, we have also created a list of Most Important Questions Bank for Maharashtra HSC Board Exam 2017 which are likely to appear in HSC Board Exams this year.

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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


  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


  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

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Maharashtra HSC Board Exam – Important Question Bank 2017


8 thoughts on “Economics – Important Question Bank for Maharashtra HSC Board Exam 2017”

  1. sir,on what basis u gave marks options
    1.good handwritting
    2.good presentation
    3.answer language
    4.such big answers writting

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