12th Economics important question paper 2022 | 12th Economics Practice Paper with solution | Maharashtra Board Exam 2022

12th Economics important question

In this post we are going to share the 12th economics important question paper for Maharashtra board exam 2022 and video lectures of all chapters. if you are searching for Maharashtra board 12th economics paper with solution so you are at right page, I have added / shared below most important question paper of 12th economics and also shared sample paper with solution and PRELIMINARY QUESTION PAPER FOR VARIOUS COLLEGES.

Economics Most Important Question paper – 1

Q.2.A.Identify and Explain the concepts from the given illustrations:

1. Amar sells 50 dozens of mangoes daily at Rs 300/- per dozen.
2. Ajay’s papad and pickle producing unit incurred expenditure of Rs 50,000/- on machinery, Rs 1, 00,000/- towards rent, and Rs 2, 00,000/- on wages for the workers during 2018-19.
3. Bombay Stock Exchange has developed “Sensex” as a stock market index for reflecting the share prices of listed companies.
4. Mala collected information about the income and expenditure of twenty-five families from her locality.
5. Ramesh analyzed the total investments, total employment, total consumption, and total savings of the economy for the financial year 2019-20.
6. At Amulya Café, the demand for tea increased by 5% due to a 10% rise in the price of coffee.

Q.2.B Distinguish between:

1. Stock and Supply
2. Expansion of demand and Contraction of demand
3. Total cost and Total revenue
4. Expansion of supply and Contraction of supply
5. Direct tax and Indirect tax
6. Public finance and Private finance
7. Internal trade and Foreign trade
8. Gross Domestic Product and Net Domestic Product

Q.3 Answer the following:

1. Explain the features of macroeconomics
2. Explain the functions of the Reserve Bank of India
3. Explain the relationship between total utility and marginal utility
4. Explain the features of monopoly
5. Explain the features of monopolistic competition
6. Explain the role of the Indian Capital Market
7. Explain the concept of perfect competition and price determination under perfect competition

Q.4 State with reasons whether you agree or disagree with the following statements:

1. The scope of microeconomics is unlimited
2. When total utility is maximum, marginal utility is zero
3. Obligatory functions is the only function of the government
4. Various factors influence the elasticity of demand
5. When the prices of Giffen goods falls, demand for such goods increase
6. A seller is a price maker in a monopoly
7. Index number can be constructed without the base year

Q.5 Study the following table, figure, passage and answer the questions given below it.

• Draw total utility curve and marginal utility curve.
• When total utility is maximum marginal utility is..
• When total utility falls, marginal utility becomes..

1. Complete the market demand
2. Draw market demand carve based on above-market demand

Q.6 Answer in detail:

1. Explain the law of demand and its exceptions
2. What is the price elasticity of demand? Explain types of price elasticity of demand
3. Explain the concept of public revenue and sources of public revenue
4. Explain the law of supply and its exceptions

Economics Most Important Question paper – 2

Q.2.A.Identify and Explain the concepts from the given illustrations:

1. Manish purchased 100 meters of cotton textile to produce readymade shirts at his garment factory.
2. Reserve Bank of India helps to raise loans for both the Central and State Governments by selling government bonds, securities, etc.
3. Kerala-based company K Jewellers intends to raise Rs 1000 crore by fresh issuance of shares.
4. Tamil Nadu purchases wheat from Punjab and Uttar Pradesh.
5. Alfonso mangoes from Maharashtra are sold in the international market.

Q.2.B Distinguish between:

1. Total utility and Marginal Utility
2. Individual demand schedule and Market Demand Schedule
3. Money market and Capital market
4. Increase in demand and Decrease in demand
5. Price elasticity of demand and income elasticity of demand
6. Perfectly elastic demand and Perfectly inelastic demand
7. Increase in supply and Decrease in supply

Q.3 Answer the following:

1. Explain the features of microeconomics
2. Define Index numbers and explain the various steps involved in the construction of index numbers
3. Explain the types of demand
4. Explain the features of perfect competition
5. Explain the concept of oligopoly with any four features
6. Explain the features of the utility
7. Explain the role of the money market in India
8. 1. Calculate Price Index number from the given data :

   Commodity	A	B	C	D
   Price in 2005	6	16	24	4
   Price in 2010	8	18	28	6

Q.4 State with reasons whether you agree or disagree with the following statements:

1. Macroeconomics is different from Microeconomics
2. The supply curve of labour is backward bending
3. there is a difference between stock and supply
4. There are no exceptions to the law of demand
5. Any year can be selected as the base year
6. Commercial banks create credit
7. Issue of currency notes is the only function of the Reserve Bank of India

Q.5 Study the following table, figure, passage and answer the questions given below it.

Observe the given diagram and answer the following questions :

1. Rightward shift in demand curve …………
2. Leftward shift in demand curve …………
3. Price remains ……….
4. Increase and decrease in demand comes under……….

Q.6 Answer in detail:

1. Explain the method of measuring price elasticity of demand
2. Explain the difficulties in the estimation of national income
3. Explain the different methods of measuring national income
4. Explain the law of diminishing marginal utility and its exceptions

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