Class 12th Economics Important Questions 2026 HSC Maharashtra Board

Class 12th Economics Important Questions 2026 HSC Maharashtra Board

Preparing for the HSC Maharashtra Board 2026 Economics Subject requires smart strategy along with Smart work. One of the best ways is to focus on important and most likely questions based on past exam patterns, syllabus weightage, and frequently repeated topics. Below, we have compiled the important questions that students should not missed.

Unit-wise Distribution of Marks

📌 Most Important Topics- Class 12th Economics Important Questions 2026 HSC Maharashtra Board

Chapter 1 Introduction to Microeconomics and Macroeconomics

1. Macro economics is different from micro economics.
2. Microeconomics and Macroeconomics
3. Explain any four features of macroeconomics.
4. Write any four features of microeconomics.
5. Explain any four points of importance of Micro economics.
6. Explain the scope of macro economics.
7. Explain the scope of micro economics
8. Slicing method and lumping method
9. Asha collected the information about the income of a particular firm (Ans. Micro Economics)
   

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Chapter 2 Utility Analysis

1. What is the Law of Diminishing Marginal Utility? State and explain its meaning with assumptions.
2. Explain any four exceptions of the law of Diminishing . marginal utility.
3. There are no exceptions to the law of diminishing marginal utility.
4. Explain any four features of utility.
5. Total utility and Marginal utility
6. Explain types of Utility
7. Explain any four exceptions of the law of Diminishing marginal utility
8. There are no exceptions to the law of diminishing marginal utility
9. Manisha satisfied her wants of writing an essay by using pen and notebook (Ans: Utility)
   

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Chapter 3A Demand Analysis

1. State and explain the law of demand with exceptions.
2. Explain any four types of demand.
3. Joint/complementary demand and competitive demand.
4. The demand curve slopes downwards from left to right.
5. Explain the concepts of variation and changes in demand ) with the help of diagrams.
6. Individual Demand and Market Demand
7. Variation in Demand and Change in Demand
8. Explain the Determinants of demand
9. Due to mandatory use of masks during corona epidemic the demand for mask producing labour has increased (Ans. Indirect Demand)
10. A poor person wants to buy a car (Ans. Desire)
    

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Chapter 3B Elasticity of Demand

1. Perfectly elastic demand and Perfectly inelastic demand
2. Unitary elastic demand and Relatively elastic ·demand
3. Elasticity of demand is affected by many factors.
4. Explain the concept of price elasticity with its types
5. Explain the Ratio or percentage method of measuring price elasticity of demand.
6. Explain Point/ Geometric Method of measuring price elasticity of demand
7. Explain outlay method of measuring price elasticity of demand
8. Unitary elastic demand and Relatively elastic demand
9. importance of elasticity of demand
10. Ramesh’s demand for salt remained unchanged inspite of a 10% rise in its price (Ans. Perfectly Inelastic Demand)
    

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Chapter 4 Supply Analysis

1. State and explain the law of supply with assumptions.
2. There are some exceptions to the law of supply.
3. There are no exceptions to the law of supply.
4. Expansion of Supply and Increase in Supply
5. Stock and Supply
6. Total revenue and marginal revenue.
7. Supply curve of labour is backward bending.
8. A table seller sold the table for ₹2000 per piece. In this way he sold 15 tables and earned ₹30,000.( Ans. Total Revenue)
   Out of 4000 kgs of rice the farmer offered to sale 1000 kgs of rice in the market at ₹40 per kg. (Ans. Supply)

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Chapter 5 Forms of Market

1. Price maker is the only feature of monopoly market.
2. Explain the meaning of Monopoly with its features.
3. Price under perfect competition is decided by the interaction between demand and supply.
4. Explain the meaning of Oligopoly with its features.
5. Explain the meaning of Monopolistic Competition with its features.
6. Explain any 6 features of perfect competition
7. Explain types of monopoly
   

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Chapter 6 Index Number

1. There are many types of index numbers.
2. Price Index and Quantity Index
3. Index numbers have no limitations.
4. Quantity Index Number and Value Index Number
5. Simple index number and Weighted index number.
6. Price Index Number and Quantity Index Number
7. Index numbers are very significant / important in economics.
8. Explain the meaning of index number. Explain various steps involved in the construction of index number.
   

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Chapter 7 National Income

1. Explain the concept of National income and explain the practical difficulties involved in the measurement of National income.
2. There are no theoretical difficulties in the measurement of National Income.
3. What is National Income? Explain the main features of National Income.
4. Output method of measuring national income and Income method of measuring national income.
5. Jagruti receives monthly pension of ₹ 5000 from the state government (Ans. Transfer Payment)
6. Shobha collected data regarding the money value of all final goods and services produced in the country for the financial year 2019-20 (Ans. National Income)
   

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Chapter 8 Public Finance in India

1. Explain any four reasons for the growth of public expenditure.
2. What are the main reasons behind the increase in government public expenditure? Explain.
3. Explain various reasons for the growth of public expenditure.
4. There are many sources of non-tax revenue.
5. Explain various sources of public revenue.
6. Internal debt and External debt
7. Explain various reasons for the growth of public expenditure(8 Marks)
8. Maharashtra purchased wheat from Punjab (Ans. Internal trade)
9. Ashok paid the tax on his income and property (Ans. Direct Tax)
   

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Chapter 9 Money market and Capital market in India

1. Explain any five problems of the capital market in India
2. Explain any four problems faced by the money market in India
3. Capital market plays an important role in India
4. Recurring deposits and Fixed deposits
5. Demand deposit and Time deposit
6. Raghu’s father invested his money in a market for long-term funds both equity and debt raised within and outside the county (Ans. Capital Market)
7. Lucy deposited a lumpsum amount of ₹1,00,000/- in the Bank of India for the period of one year. ( Fixed Deposit)
   

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Chapter 10 Foreign Trade

1. Balance of Trade and Balance of Payment are two different concepts.
2. Balance of Payment is same as Balance of Trade.
3. Over the 75th years, India’s foreign trade has undergone a complete change in terms of composition and direction
4. England imported cotton from India, made readymade garments from it and sold to Malaysia (Ans. Entrepot Trade)
   

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Exam Preparation Tips for HSC Economics 2025

Here are some study strategies to help you ace the exam:

1. Focus on Key Concepts: Focus on understanding the core or key concepts from each chapter rather than just memorizing.
2. Time Management: It is very important for both study point and board exam point of you, Practice solving question papers within the exam time limit to improve speed.
3. Revision: Revise important questions multiple times to ensure clarity and it helps you remember point till you board exam.

Previous Yeas Board Question Papers for Practice

Practicing with previous year board question papers is an excellent way to test your knowledge and exam readiness. Download our PDF containing past years’ papers and model question sets to ensure comprehensive preparation.

Class 12th Economics Important Questions 2026 HSC Maharashtra Board

Class 12 Economics Notes HSC Maharashtra Board

For additional resources, download our expert set of important questions and answers for HSC Economics 2026. These questions are based on past exams and cover every chapter of the syllabus in detail. Click HERE