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ECONOMICS QUESTION PAPER FOR HSC MAHARASHTRA STATE BOARD AS PER NEW BOARD PATTERN

SHREE SAMARTH COLLEGE CLASSES

TIME:3HOURS MARKS: - 80 Q.1 (A) Complete the sentences by choosing correct alternative given below.(5) 1. 2. 3. 4. 5.
Micro and macro approaches are _________________________ to each other. (Competitive, complementary, substitute, rival) __________is the desire backed up by ability to pay and willingness to pay for it. (Demand, Want, Commodity, Utility)
Demand for complementary goods is relatily _____________. (elastic, inelastic)

Individual supply is a ___________________ economic variable. (Macro, Producer, Micro, Firm) In a perfectly competitive market , a _______ is a price taker. ( Buyer, Seller)

1. 2. 3. 4. 5. 6.

(B) State whether the following statements are true or false.(6) Reservation price of perishable goods is generally high Refrigerator in restaurant is capital goods. Micro economics studies the economy in its totality. Labour and Labourers are inseparable Free entry is an essential but not a sufficient condition of perfect competition . There is no place moral thought in concept of utility (C) Match the two columns given below(5) Group A Price and demand Inelastic demand Perfect Competition Reward of capital Giffencs Good

1. 2. 3. 4. 5.

1. 2. 3. 4. 5.

Group B Interest Homogeneous Product Salt Inverse relationship Inferior Quality 6marks

Q. 2 (A) Define and explain the following concept. (Attempt any 3)

1. 2. 3. 4. 5. Land Explain, with example, the term Utility Define Price Elasticity of Demand Monopolistic competition Expansion of Demand

(B) Rewrite the following statements as True of False. Give Reasons. (Any 3) 1. 2. 3. 4. 5. Demand and Desire are one and the same. Labour can be stored Utility Depends upon the urgency of want The demand of good depend upon many factor Supply cannot exceed stock

6 marks

Q. 3 (A) Distinguish between (Any Three) of the following 1. 2. 3. 4. 5. Direct Demand V/S Derived Demand Fixed Capital V/S Variable Capital Monopoly V/S Monopolistic competition Price Elasticity of demand and Income Elasticity of demand Extension in demand and contraction in demand

6 marks

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1. 2. 3. (B) Write Short notes on the following: ( Any 2) Exception to the Law of supply Is demand and Desire the same thing? Explain with an example. Determinants of demand. Q. 4. (A) Answer the following questions in one or two paras (any 3) What are the different types of Utility? What are the different features of monopoly? Features of Land What are the Types of Price Elasticity of Demand? Q. 5 Do you agree or disagree with the following statements. Give Reasons. (Any 3) At the point of satiety, Total utility is at its maximum Demand Curves Sloes downwards from left to Right. Perfect completion means monopolistic competition There is no exception to the law of demand 6 marks

12 marks

1. 2. 3. 4.

12marks

1. 2. 3. 4.

Q. 6 1. 2. 3.

Answer the following (any two)

16 marks

Explain the law of DMU? Explain the Features of Perfect Competition? Explain the Law of Demand? And its Assumption?