MH 12th Question Paper March 2026 Economics

FOR MAHARASHTRA BOARD (MSBSHSE) CLASS 12 EXAM PREPARATION

Maharashtra Board
(MSBSHSE) Class 12
2026
March Session
Question Paper ·
Economics
EXAM YEAR

Maharashtra Board (MSBSHSE) Class 12 2026
TYPE SUBJECT

March Session Question Paper Economics

Notes · Sample Papers · Previous Year Papers · Mock Tests

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DAY — 11 SEAT NUMBER

2026 II 24 1100 (E)
J-183 m
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s em ECONOMICS (49)
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a Time : 3 Hrs. ( 8 Pages ) Max. Marks : 80

Notes : (1) All questions are compulsory.

(2) Draw neat tables / diagrams wherever necessary.

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(3) Figures to the right indicate full marks.

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(4) Write answers to all main questions
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Q. 1. (A) Complete the correlation (5) [20]

(i) Micro economics : Slicing method : : Macro economics

:

(ii) Price rises : : : Price falls : Contraction of supply

(iii) Salt : Essential good : : Diamond :
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(iv) : Base year price : : P1: Current year price

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(B) Give economic terms : (5)

(i) Capacity of a commodity to satisfy human want.

(ii) A branch of economics which does microscopic study of

the economy.

(iii) Cost incurred on fixed factors.

(iv) The cost incurred by the firm to promote sales.

(v) A budget in which estimated revenue and expenditure

of the government are equal.

(C) Find the odd word : (5)

(i) Types of utility :

Place utility, Form utility, Time utility, Commodity utility

(ii) Exceptions to the Law of supply :

Giffen’s goods, Supply of labour, Perishable goods,

Rare goods

(iii) Selling cost :

Free gifts, Patents, Hoardings, Window display

(iv) Determinants of demand :

Income, Cost of production, Size of population, Price

(v) Types of Index Numbers :

Selection Index Number, Price Index number, Value

Index Number, Quantity Index Number

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(D) Choose the correct option : (5)

(i) Demand curve is parallel to ‘Y’-axis –
(a) Perfectly inelastic demand
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(b) Relatively inelastic demand
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(c)
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(3) a, b, c (4) only a

(ii) Revenue per unit of output sold –
(a) Marginal revenue
(b) Marginal cost
(c) Average revenue
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(d) Total revenue
Option : (1)
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a, b, c

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(3) only (4) only b

(iii) Statements that are incorrect in relation to index
numbers –
(a) Index number is a geographical tool.
(b) Index numbers measure changes in the air
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pressure.
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a (d) Index numbers are specialized averages.
Option : (1) c, d (2) a, b
(3) b, c (4) a, b, c, d

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(iv) 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

(v) Examples of competitive demand are –

(a) Tea - Coffee

(b) Car - Petrol

(c) Sugar - Jaggery

(d) Pen - Ink
Option : (1) a, b, c (2) a, c
(3) b, c (4) a, b, c, d

Q. 2. (A) Identify and explain the following concepts (Any THREE) : (6) [12]

(i) Shabana paid wages to workers in her factory.

(ii) India purchased petroleum from Iran.

(iii) Gopal collected information about output of rice, wheat,

cotton and jowar produced in 2016 and 2020 and derived

Index Number.

(iv) 40% fall in price of a commodity leads to 40% rise in

quantity demanded.

(v) Tina deposited a lumpsum amount of ` 50,000 in the bank

for a period of one year.

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(B) Distinguish between (Any THREE) : (6)

(i) Micro Economics and Macro Economics.

(ii) Increase in demand and Expansion of demand
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(iii) Average cost and Average revenue
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m . Index Number and Weighted Index Number s e
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(iv) Simple
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Q. 3. aAnswer the following (Any THREE) : [12]

(i) Explain any four features of utility.

(ii) Explain Ratio method of measuring elasticity of demand.

(iii) Explain any four sources of non-tax revenue of the

government.
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. and its types.
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(iv) Explain the concept of foreign trade
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(v) Calculate Price Index Number
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Commodity A B C D
Price in 2015(`) 6 16 24 4
Price in 2020(`) 8 18 28 6

Q. 4. State with reasons whether you agree or disagree with [12]
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(iii) There are many features of National Income.

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(iv) Public expenditure includes only revenue expenditure.

(v) The concept of total utility and marginal utility is the same.

Q. 5. Study the following table, figure, passage and answer [8]

the questions given below it (Any TWO) :

(i) Observe the following table and answer the questions given
below it : (4)

Price in ` Qty. supplied
in units
10 200
15
20 300
25 350
30
35
40

(a) Complete the above supply schedule. (2)
(b) Draw a diagram for the above supply schedule. (2)

(ii) Observe the following figures and answer the questions given
below them: (4)
Figure ‘A’

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Figure ‘B’

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(1) Identify and explain the degree of elasticity of demand
in figure ‘A’. (2)
(2)
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Identify and explain the degree of elasticity of demand in
figure ‘B’.
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(iii) Study the following passage and answer the questions (4)

given below it : ag
Digital marketing is also called online marketing. We can
connect with probable customers by using internet and other
digital communication media. This includes not only email,
social media, and web-based advertising but also text and
multimedia messages as a marketing channel. In practice,
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take many forms, including online video, display advertisement,
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a media post. Digital marketing is often compared to traditional
marketing such as magazine advertisement, direct mail, etc.

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In America, nearly three quarters of Americans go online
on a daily basis. Not only that, 43% go online more than once a
day and 26% are online almost constantly so they find it more
convenient to use digital marketing. A digital marketing
strategy allows you, to get advantage of different digital
channels such as social media, pay-per-click, search engine,
e-mail marketing etc., to connect with existing customers and
individuals interested in your product or service. As a result
one can build a brand, which provides a great customer
experience.

Questions :
(1) What is Digital marketing? (1)
(2) What percentage of Americans are online more than
once? (1)
(3) Write your opinion from the above passage. (2)

Q. 6. Answer the following questions in detail (Any TWO ) : [16]
(i) State and explain the law of demand with exceptions.
(ii) Explain the practical difficulties involved in the measurement
of national income.
(iii) Explain the functions of Reserve Bank of India.
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