Maharashtra Board Class 12 Economics Guess Paper 2027

Complete the correlation: ______ : Teacher : : Form utility : Toys made of clay.

Choose the correct option: Obligatory functions of the government - (a) Provision of employment (b) Maintaining internal law and order (c) Welfare measures (d) Exporting goods and services. Option: (1) c,d (2) a,b (3) only b (4) a,c,d

Complete the statement: Ed = 0 in case of ______. (a) Luxury goods (b) Normal goods (c) Necessary goods (d) Durable goods

State with reasons whether you agree or disagree: Index numbers have limitations.

Explain the reasons for the growth in public expenditure in India.

Find the odd word - Exceptions to the law of supply: Agricultural goods, Perishable goods, Rare goods, Giffen's paradox.

Define National Income and explain its features.

Give economic term: A market for long term funds, both equity and debt raised within and outside the country.

Find the odd word - Types of Index Numbers: Selection Index Number, Price Index number, Value Index Number, Quantity Index Number.

Distinguish between: Direct Demand and Indirect Demand.

Give economic term: The cost incurred by the firm to promote sales.

Complete the correlation: Pen and ink : ______ : : Tea and coffee : Substitutes.

Give economic term: The total quantity of commodity available for sale with a seller at a particular point of time.

Find the odd word - Theory of Economic Welfare: Theory of Income and Employment, Efficiency in production, Efficiency in Consumption, Overall Economic Efficiency.

Complete the correlation: Output method : ______ : : Income method : Factor cost method.

Find the odd word - Scope of macro economics: Theory of income and employment, Theory of product pricing, Theory of general price level and inflation, Macro theory of distribution.

Complete the correlation: Perfect competition : Large number of sellers : : ______ : Few sellers.

Complete the statement: Balance of trade is also referred to as ______. (a) National trade balance (b) International trade balance (c) Balance of payment (d) Systematic record of all international economic transactions

Give economic term: Capacity of a commodity to satisfy human want.

Give economic term: Deposits that are withdrawable on demand.

Identify and explain the concept: Demand for sugar falls by 10% when the price of sugar rises by 10%.

Identify and explain the concept: Reena deposited a lumpsum amount of ₹50,000 in the bank for a period of one year.

Identify and explain the concept: Vrinda receives monthly pension of ₹5000/- from the state government.

Complete the statement: When a government borrows from its citizens, banks, central bank, industries, etc. it is known as ______. (a) Internal Debt (b) Personal Debt (c) External Debt (d) International Debt

Distinguish between: Micro Economics and Macro Economics.

State with reasons whether you agree or disagree: Marginal utility and total utility are the same.

State and explain the law of demand with its exceptions.

Explain any four features of utility.

Explain any four sources of non-tax revenue of the government.

In the following diagram AE is the linear demand curve of a commodity. State whether True or False: (1) Demand at point 'C' is relatively elastic demand. (2) Demand at point 'B' is unitary elastic demand. (3) Demand at point 'D' is perfectly inelastic. (4) Demand at point 'A' is perfectly elastic demand.

State with reasons whether you agree or disagree: There are many assumptions to the law of supply.

Explain the practical difficulties involved in the measurement of national income.

Explain any four features of micro economics.

Explain any four factors influencing elasticity of demand.

Explain the role of money market in India.

Calculate Price Index Number from the given data: Commodity A, B, C, D; Price in 2015 (₹): 6, 16, 24, 4; Price in 2020 (₹): 8, 18, 28, 6.