ECONOMICS QUESTION PAPER FOR HSC MAHARASHTRA STATE BOARD AS PER NEW BOARD PATTERN

AS PER NEW SYLLABUS MAHARASHTRA STATE BOARD HSC STUDENTS. 

Time : 3 hours                                                      Marks :  80 Marks

Q.1 (A) Select the correct answer form the possible options given below and rewrite the statements:                        5 Marks

1. Economics is a …….. science.

(Natural / Social / Anthropology / Political)

2. Labour is ……….. .

(Imperishable / Perishable / Convertible / Non-convertible)

3. The nature of the market of barter system is ………. .

(wide / limited / personal / social)

4. There is lack of ………. In monopoly.

(consumers / competition / sellers / people)

5. ……….. has monopoly to issue the currency notes.

(Commercial Bank / Central Bank / Co-operative Bank / Rural Bank)

   

(B) Match the correct Pairs:                                                                                                                                                    5 Marks

Group A	Group B
1. Entry Barriers. 2. Entrepreneur  3. D- mat Account 4. RBI 5. Monopolistic Competition.	1. Prof. E.H. Chamberlin 2. Paul A. Samuelson 3. Share Broker 4. Monopoly 5. Profit 6. Rent 7. Commercial Bank 8. Central Bank

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

1. The demand curve of monopolistic competitive market is horizontal. (False)
2. Credit Money is created by Central Bank of a country. (False)
3. The commercial bank perform agency functions. (True)
4. Demand for Raw material is derived demand. (True)
5. Perfect competition is a real concept which exist. (False)
6. Micro economics deals with full employment, price stability and economic growth in an economy. (False) 

Q.2 (A) Define or Explain the following concepts: (Attempt any Three)                                                                             6 Marks

1.       DERIVED DEMAND.

2.         COMPETITIVE DEMAND 

3.         PARTIAL EQUILIBRIUM.

4.         MARKET DEMAND

5.         ECONOMIC EFFICIENCY

6.         FORM UTILITY

       (B) Give Reasons or Explain the Statements: (Attempt any Three)   6 Marks

1.       Macro economics given an overall view of the economy. 

2.       Overdraft facility is not given to saving account holders.

3.       GNP = C + I + G +  (X - M) + (R - P)

4.      The point where ASF = ADF is the point of "Effective Demand"

5.       In Deficit budget, Government Expenditure Exceeds Government Receipts. 

6.       National income at factor cost includes subsidy. 

Q.3 (A) Distinguish Between: (Attempt any Three)   6 Marks

1.       Utility V/S Usefulness

2.       Extension of Demand V/S Contraction of Demand

3.       Relatively Elastic Demand V/S Relatively Inelastic Demand

4.       Perfect Competition V/S Pure Competition 

5.       Saving V/S Consumptions

6.       Commercial Bank V/S Central Bank

       (B) Write Short Notes: (Attempt any Two)    6 Marks

1.       Determinants of Elasticity of Demand.

2.       Secondary Functions of Commercial Bank.

3.       Components of Government Budget.

4.       Relationship between Total Utility and Marginal Utility.

Q.4 Answer the following questions: (Attempt any Three)   12 Marks

1.       What are the types of Money?

2.       Explain the Law of Supply.

3.       What are the Qualitative Method Credit Control by RBI.

4.       What are the types of Monopoly?

5.       State the features of Monopolistic Competition. 

6.       What are the factors Determinants of Consumption Function? 

Q.5 Do you agree or disagree with the following statements. Give reasons (Attempt any three)                  12 Marks

1.       There are many difficulties involved in the estimation of national income. 

2.       Commercial bank performs many functions. 

3.       There are no Exception in Law of Supply

4.       Utility and Usefulness are different concepts. 

5.       Macro economics is the study of an individual unit. 

6.       National income estimates are accurate in India. 

Q.6 Answer in Detail: (Attempt Any Two)  16 Marks

1.       Explain the types of Monopoly.

2.       Define Law of Demand? Explain its Assumption?

3.       Features of Land?

4.       (A) What are the Types of Investment Expenditure?

      (B) Features of Perfect Competition?