Scribd
Upload
5 views

ECONOMICS

The document is a question bank for XII HSC Economics, focusing on key topics for the Maharashtra State Board curriculum for the academic year 2024-25. It covers various areas including micro and macroeconomics, utility analysis, demand and supply analysis, market forms, national income, public finance, and foreign trade, with an emphasis on important concepts and distinctions. Additionally, it includes sections for agree/disagree statements, answer prompts, objectives, and case studies to aid students in their exam preparation.

Uploaded by

faro.hero88
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
5 views

ECONOMICS

The document is a question bank for XII HSC Economics, focusing on key topics for the Maharashtra State Board curriculum for the academic year 2024-25. It covers various areas including micro and macroeconomics, utility analysis, demand and supply analysis, market forms, national income, public finance, and foreign trade, with an emphasis on important concepts and distinctions. Additionally, it includes sections for agree/disagree statements, answer prompts, objectives, and case studies to aid students in their exam preparation.

Uploaded by

faro.hero88
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

HAMID SIR CLASSES

XII HSC Economics Important Question Bank


Maharashtra State Board

SUBJECT: ECONOMICS STD: XII COMMERCE 2024-25

[INTRODUCTION TO MICRO AND MACRO ECONOMICS]


• Explain Feature of micro economics.
• Explain Features of macroeconomics.
• Explain the Scope of macro economics.
• Explain the scope of micro economics.

[UTILITY ANALYSIS]
• Explain Feature of utility.
• Explain Types of utility.
• Explain the Relationship between total utility and marginal utility (Most Important)
• Explain the Law of diminishing marginal utility and its exception and Assumption
(Most important)

[DEMAND ANALYSIS]

• Explain Types of demand(SN + Distinguish between)


• Explain in detail Determinants of demand(Most Important)
• Explain the Law of demand and its exceptions and Assumption(Most Important)
• Explain Variation of demand with diagram(Short note & Distinguish between)
• Explain Changes in demand with diagram?(Short note & Distinguish between)

• [ELASTICITY OF DEMAND]
•
• Types of Price elasticity of demand (Most Important)
• Explain the concept of price elasticity of demand and its types? (Most important)
• Method of measuring price elasticity of demand?
• Total expenditure method(Short note)
• Point or geometric method (Short Note)
• Factors influencing elasticity of demand(Most Important)
[SUPPLY ANALYSIS]
• Determinants of supply(most Important)
• Explain the Law of supply and its exceptions? (most Important)
• Explain Variations of supply with diagram.
• Explain changes in supply with diagram?

• [FORMS OF MARKET]
•
• Chapter no 05 Full important(Focus on every question)
• Explain Features of perfect competition (most important)
• Explain features of monopoly?
• Explain features of monopolistic competition.
• Explain the concept of perfect competition and Price determination under perfect competition?
• Types of monopoly (Most important + Distinguish between)
• Explain the concept of oligopoly with features? (Most Important)
• Price determination under perfect competition.(Most Important)
• Features of monopolistic competition.
• Features of oligopoly.

• [INDEX NUMBER]
•
• Explain the Feature of index number
• Explain the Types of index numbers
• Explain the Significance of index numbers.
• Define index number and explain the various steps involved in the Construction of index
numbers (Most important 8 marks)
• Methods of constructing index number (Most Important 8 marks)

• [NATIONAL INCOME]
•
• Explain Feature of national income (Most Important)
• Explain the Method of measurement of national income.(most important)
• Difficulties in the measurement of national income.(Most
important)(Distinguish)(LA+SN)
• Explain the difficulties involved in the measurement of national income. (Most
important)(Can come for Short note)
• Focus page 63 For complete corelate.(objective)

• [PUBLIC FINANCE]

•
• Explain the concept of revenue and its sources? (most important)
• Explain the non tax sources of revenue of the government?
• Sources of public revenue(Most important)
• Reasons for growth in public expenditure.
[MONEY MARKET AND CAPITAL MARKET IN INDIA]

• Explain the Function of Reserve bank of India(Most important)


• Explain the Function of commercial banks. (Most Important)
• Explain the Role of money market in India(Most Important)
• Explain the functions of central banks.(Most Important)
• Explain Problems faced by the money market in India.(Most Important)
• Explain the Role of capital market ? (Most Important)
• Problems of capital market (Most Important)

• [FOREIGN TRADE OF INDIA]


•
• Explain the Types of foreign trade
• Explain the meaning and Role of foreign trade
• Explain the Recent trends in India’s export
• Concept of balance of payment
• Concept of Balance of Trade
• Role of Foreign trade (Most Important)

• [DISTINGUISH BETWEEN(6 MARKS)]


•
• Output method and Income method(Short note+ distinguish)(Most Important)
• Revenue budget and Capital budget (Short note + Distinguish)
• Individual demand and Market demand
• Stock and Supply
• Simple index number and Weighted index number
• Total revenue and Marginal revenue
• Unitary elastic demand and Relatively elastic demand(Most Important)
• Relatively elastic demand and Relatively inelastic demand(Most Important)
• Direct tax and Indirect tax
• Total cost and Marginal cost
• Perfect competition and monopolistic competition(Most Important)
• Perfectly elastic demand and Perfectly inelastic demand.(Most Important)
• Public finance and Private finance
• Gross domestic product and Gross national product(Most Important)
• Internal debt and External debt
• Price Index number and quantity index number.(Most Important)
• Micro Economics and Macro Economics.
• Total utility and Marginal utility (Most Important)

[AGREE OR DISAGREE (12 MARKS)]

• Reasons Justify downward slopping curve.(Most Important)


• There are no exceptions to the law of demand
• There are no exceptions to the law of diminishing marginal utility
• Price is the only determinants of demand(Most Important)
• When The Giffen goods falls the demand for them increase(Most Important)
• The supply curve of labour is backward bending(Most Important draw diagram too)
• The slope of demand is downward slopping curve.
• There are no theoretical difficulties in measurement of national income.
• Index number can be constructed without the base year
• There are no exceptions to the law of supply
• Index numbers are very significant/important in economics
• There are no theoretical difficulties in the measurement of national income.
• Macro economics is different from macro economics
• Price index number is the only types of index number.
• Balance of trade and balance of payment are two different concepts.
• There are no exceptions to the law of diminishing marginal utility.
• Supply curve of labour is backward bending(Most Important)
• Price under perfect competition is decided by the interaction between demand and
supply.(Most Important)
• Capital market plays an important role in India.
• Balance of payment is the same as balance of trade.
• The law of diminishing marginal utility is based on many assumptions.
• Index numbers are free from limitations
• Supply curve slopes downwards from left to right(Most Important)
• Foreign trade plays an important role in the economic development of a country
• Fees fines and penalties are a major source of revenue for the government.(Most

Important)
• Every desire of an individual is a demand
• There is a direct relationship between price and quantity supplied(Most Important)
• Commercial bank performs various functions
• Index number can be constructed without base year.
• Slope of the relatively elastic demand curve is steeper(Most Important)
• Price index number is the only type of index number
• Reserve bank of India performs various functions(Most Important)
• Obligatory function is the only function of the government
• Price is the only determinant of demand(Most Important)
• Under a monopoly market seller is a price maker(Most Important)
• There are no limitations to the index numbers
• When the price of Giffen goods falls the demand for it increases
• Credit creation is the function of the commercial bank
• Demand curve downward from left to right(Most Important)

• [ANSWER THE FOLLOWING (12 MARKS)]


•
• Explain the concepts of Macroeconomics and microeconomics its features.
• Explain the method of measuring the price elasticity of demand.
• What is aggregate supply? Explain the factor determine of aggregate supply.
• Variation in supply and changes in supply with diagram.
• Explain the meaning of index number explain various steps involve in construction of index
number.
• What is national income? Explain the theoretical difficulties involved estimation of
national income.(Most Important)
• Explain the income and expenditure method of measuring national income.(Most
Important)
• Explain the difficulties involved in the measurement of national income.
• Explain the sources of public revenue (Tax and Non-tax revenue)(Most Important)
• Explain various reasons for the growth of public expenditure
• What is money market in India and function of RBI.
• Price Determination Under Perfect Competition.(Most Important)
• Types of Price elasticity of Demand (Most Important)
• Determinants of demand (Most Important)
• Law of demand/Supply/DMU (Most Important)
• Factors influencing elasticity of demand (Most Important)
• Features of national income (Most Important)

[OBJECTIVES(20 MARKS)]

• Chapter 3(A), 3(B)


• Chapter 4
• Chapter 7
• Chapter 9
• Chapter 10

[IDENTIFY THE CONCEPT (6 MARKS)]

• Chapter 3(A), 3(B)


• Chapter 4
• Chapter 5
• Chapter 7
• Chapter 8

[CASE STUDY(8 MARKS)]

• Chapter 3(A), 3(B)


• Chapter 4
• Chapter 6

******

HAMID SIR CLASSES

You might also like