Important Question Bank of Economics for Maharashtra HSC Board Exam 2020

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Economics Important Question Bank 2020

  1. Define service utility
  2. Define government budget
  3. What is market demand? What are the features of market demand? Explain with examples.
  4. What is induced consumption expenditure?
  5. Explain briefly Giffen’s paradox.
  6. Explain briefly law of demand with suitable example. Write the exception of law of demand.
  7. Explain briefly law of supply with suitable example. Write the exception of law of supply.
  8. Explain different types of demand.
  9. Explain briefly increase and decrease of demand and supply with examples.
  10. Define national income. What are the characteristic of national income?
  11. Define national income. What are the methods used to measure national income?
  12. What are the measures of credit control adopted by the central bank?
  1. Explain the law of diminishing marginal utility.
  2. Define aggregate demand. Explain the determinants of aggregate demand.
  1. Distinguish between commercial bank and central bank.
  2. What is expansion of demand?
  3. What is expansion of supply?
  1. What is contraction of supply?
  2. What is the distinction between microeconomic and macroeconomic?
  3. Explain with diagram determination of equilibrium price under perfect competition.
  4. Explain monopoly. Write the features of monopolistic competition.
  5. What are the types of loans and advances given by the commercial bank?
  1. Define utility. What are the characteristics of utility?
  2. Define macroeconomic. Write the feature of macroeconomic. Explain how macroeconomic is different from microeconomic.
  3. Explain the methods used for measuring elasticity of demand.
  1. Define perfect competition. What are the features of perfect competition?
  2. Write the distinction between Gross national product and Net national product.
  3. What is the primary and secondary function of money? Explain in details.
  1. Short note on Lumping method
  2. Short note on Slicing method
  3. Short note on government expenditure.
  1. Short note on capital. What are the kind/ types of capital?
  2. Short note on capital deficiency.
  3. What is partial equilibrium? Explain in detail with suitable example and diagram.
  4. Define marginal cost.
  5. Define total cost
  1. Define land. What are the features of land?

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Maharashtra HSC Board Exam – Important Question Bank 2020

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