ECONOMICS PAPER ONE MAHARASHTRA STATE BOARD AS PER NEW SYLLABUS

AS PER NEW SYLLABUS BOARD EXAM

MARKS : 80 MARKS         TIME : 3 HRS

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

1.    ________ demand curve is parallel to Y - axis. (Inelastic, Elastic, Perfectly Inelastic, Perfectly Elastic)

2.      When price of commodity falls the demand for it ________ (Rises, Falls, remain constant, Becomes negative)

3.      Reward obtained by Land is ________ (Profit, Wages, Rent, Interest)

4.      The part of income which is spend on consumption is called_____ (Expenditure, Saving, Investment, Public debt)

5.      Bank Rate is also called as ________rate. (Rediscount, Market, General, Exchange)

   

(B) Match the correct Pairs:     5 Marks

Group A	Group B
1.       Single Price (6) 2.       Land (4) 3.       Barter (1) 4.  Overdraft facility(2) 5.       OMO ((8)	1.       Double coincidence of want 2.       Current Account 3.       Saving Account 4.       Rent 5.       Profit 6.       Monopoly  7.       Perfect Competition 8.       Quantitative Credit Control Measures

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

1.       There is no product differentiation in the monopolistic competition. (False) 

2.       Labour can't be stored.(True)

3.       The word Macro is derived from the French word 'Makros'. (False)

4.       Macro economics deals with the study of aggregates. (True) 

5.       Money increases productivity of capital. (True)

6.       Rate of interest on fixed deposit is high. (True)

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

1. COMPOSITE DEMAND

2. VARIATION IN DEMAND

3. MARGINAL UTILITY

4. ECONOMICS EFFICIENCY.

5. FACTOR PRICING

6. THEORY OF WELFARE

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

1.       Macro economics is the study of aggregates.

2.       Aggregate demand depends only on consumption expenditure.

3.       Commercial banks provide agency functions to earn profits.

4.       The CRR affects the lending capacity of the banks.

5.       During the period of inflation, surplus budget is advisable.

6.       Paid services are included in national income.

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

1.       Paper money V/S Metallic Money

2.       Central Bank V/S Commercial bank

3.       Land V/S Capital

4.       Saving Account V/S Current Account

5.       Elastic Demand V/S Inelastic demand.

6.       Direct Tax V/S Indirect Tax

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

1.       Features of Micro Economics

2.       Determinants of Aggregate Demand

3.       Function of Money

4.       Saving Function

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

1.       State the determinants of Aggregate Supply

2.       Consumption function

3.       Determinants of individual demand.

4.       Assumption to the Law of diminishing marginal utility?

5.       State the components of Government Budget

6.       Secondary Function of Commercial Bank

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

1.       Acceptance of deposit is the only primary function of commercial bank?

2.       Central bank is the bank of banks.

3.       There are no difference between stock and supply.

4.       Macro economics studies behaviour of individual unit. (study features of Macro economics and write 6 points without heading)

5.       There are no difficulties in measuring national income.

6.       There is no real Exception in Law of diminishing marginal utility.

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

1.       Explain the Types of Price Elasticity of Demand?

2.       Define Law of Demand? Explain its Assumption?

3.       Features of Perfect Competition?

4.       Define central Bank? Also explain its Functions?