B

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.
_________ commodities prevails under perfect competition.. (Homogeneous, complementary, substitute, ) If the price of inferior goods falls, the demand for them will _____. (Increase, Decrease ) There is lack of _____in monopoly.. (Competition, consumer, seller) Demand for salt is ______. ( Elastic, Inelastic ) 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) Land is manmade factor of production. The demand for consumption goods is direct demand Micro economics studies the economy in its totality. Labour cannot be stored The demand for rich person is elastic. There are advertisement of commodities in perfect competition (C) Match the two columns given below(5) Group A Essential commodities Cross elasticity Elasticity of demand Demand of Elecricity Single price

1. 2. 3. 4. 5.

1. 2. 3. 4. 5.

Group B Monopoly Inelastic demand Dr. Marshall Change in the price of substitute Inelastic demand 6marks

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

1. 2. 3. 4. 5. Place Utility Labour Elasticity of Demand Monopoly contraction 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

B
1. 2. 3. (B) Write Short notes on the following: ( Any 2) Exception to the Law of demand Is demand and Desire the same thing? Explain with an example. Determinants of supply Q. 4. (A) Answer the following questions in one or two paras (any 3) What are the different feature of Utility? What are the different types of monopoly? Features of capital What are the Types of Elasticity of Demand? Q. 5 Do you agree or disagree with the following statements. Give Reasons. (Any 3) There is no practical use of elasticity of demand Supply Curves Slopes downwards from left to Right. There is no exception to the law of DMU Perfect competitions is myth concept Q. 6 1. 2. 3. Answer the following (any two) 6 marks

12 marks

1. 2. 3. 4.

12marks

1. 2. 3. 4.

16 marks

Explain the law of DMU? Explain the Features of monopoly? Explain the Law of Supply? And its Assumption?