12th economics maharashtra board | Important Questions and Practice Paper with solution

12th economics maharashtra board

In this post we are going to share the 12th economics important question paper for Maharashtra board exam 2023 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.

12th Economics Most Important Question for Practice

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

1. Ram collected information about the monthly expenditure of a family
2. Shyam Prepared the share price index number.
3. A fall in the price of sugar by 50% results in a 50% rise in demand.
4. Rahul collected data regarding produced in the country for the financial year 2020-21
5. Ramesh’s demand for salt remained unchanged in spite of a 10% rise in its price

Q.2.B Distinguish between:

1. Total revenue and marginal Revenue
2. Price Index number and Quantity Index number
3. Internal debt and External debt
4. Relatively elastic demand and Relatively inelastic demand
5. Direct Tax and Indirect Tax
6. Total cost and Marginal cost
7. Public finance and Private Finance
8. Perfect competition and Monopolistic competition.
9. Perfectly elastic demand and Perfectly inelastic demand.
10. Internal trade and International trade.
11. Add comment if I missed any

Notes Click HERE

Q.3 Answer the following questions Any (3) Out of (5)

1. Explain various reasons for the growth of public expenditure.
2. Scope of macroeconomics
3. Explain the functions of Central Banks.
4. Explain the relationship between Total Utility and Marginal Utility.
5. Features of perfect competition.
6. Features of monopoly
7. Explain any five sources of non-tax of government
8. Explain the ratio method of measuring national income
9. Write any five practical difficulties in national income estimation
10. Scope of Microeconomics
11. Add comment if I missed any

Q.4 State with reasons whether you agree or disagree with the following statements Any (3) Out of (5)

1. The capital market plays an important role in India.
2. Reserve bank of India performs various factions.
3. There are no exceptions to the law of demand.
4. Index number can be constructed without the base year.
5. In order to avoid double counting value added method is used.
6. Supply curve of labour is backward bending.
7. Price under perfect competition is decided by the interaction between demand and supply.
8. There are no exceptions to the law of diminishing marginal utility.
9. Balance of payment is the same as the balance of trade.
10. Obligatory function is the only function of the government.

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 Income and Expenditure method of measuring national income.
2. Explain various sources of public revenue.
3. Explain the difficulties involved in the measurement of national income.
4. Explain various reasons for the growth of public expenditure.
5. Explain the methods of measuring the price elasticity of demand.
6. Explain the types of price elasticity of demand
7. What is the Law of demand? Explain its Assumption and Exception.

12th Economics Maharashtra Board previous years questions paper

12th Economics Maharashtra Board Practice paper with solution

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