List of top Questions asked in Maharashtra Board Class XII Exam

Find the odd one:
Notary public, Drawer, Drawee, Payee.

Find the odd one:
At par, At premium, At discount, At loan.

Do you agree or disagree with the following statement:
Partnership firm is a trading concern.

Do you agree or disagree with the following statement:
'Not for profit concerns' do not have profit motive.

Do you agree or disagree with the following statement:
Retiring partner is called an outgoing partner.

Do you agree or disagree with the following statement:
Gain ratio is calculated at the time of admission of a new partner.

Do you agree or disagree with the following statement:
Financial statement includes only balance sheet.

Income and Expenditure Account is a \(\underline{\hspace{1cm}}\).

Deceased partner's executor's account is shown on the \(\underline{\hspace{0cm}}\) side of the balance sheet.

Fixed deposit account comes under \(\underline{\hspace{0cm}}\) group.

If an asset is taken over by the partner, \(\underline{\hspace{0cm}}\) account is debited.

Find the odd one:
Wages account, Salary account, Royalty account, Import duty account.

Find the odd one:
Machinery account, Furniture account, Computer account, Rent account.

Excess of income over expenditure in 'Not for Profit Concern' is termed as \(\underline{\hspace{1cm}}\).

Decrease in the value of assets should be \(\underline{\hspace{1cm}}\) to Profit and Loss Adjustment account.

Dissolution expenses are credited to \(\underline{\hspace{1cm}}\) account.

Notary public is a \(\underline{\hspace{0cm}}\).

Trading Account is prepared on the basis of \(\underline{\hspace{1cm}}\) expenses.

A \(\underline{\hspace{1cm}}\) is an intangible asset.

There are some exceptions to the law of supply.

Capital market plays a very important role in the Indian economy.

Observe the given table and answer the questions below. \[\begin{array}{|c|c|c|c|c|} \hline \text{Price per kg in ₹} & \text{Consumer A} & \text{Consumer B} & \text{Consumer C} & \text{Market Demand (in Kg)} \\ \hline 35 & 5 & 10 & 15 & \boxed{} \\ \hline 30 & 10 & 15 & 20 & \boxed{} \\ \hline 25 & 15 & 20 & 25 & \boxed{} \\ \hline 20 & 20 & 25 & 30 & \boxed{} \\ \hline \end{array} \]
(a) Complete Market Demand Schedule.
(b) Draw Market Demand Curve Based on the Above Market Demand Schedule.

State and explain the law of diminishing marginal utility with its assumptions.

State the meaning of National Income and explain the features of National Income.