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100+ Free Maharashtra HSC Economics Practice Questions

Maharashtra Higher Secondary Certificate (HSC / Class 12) Economics under the Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE), Pune — subject code 49 practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: Maharashtra HSC Economics Exam

3 hours

Typical Maharashtra HSC Economics theory paper duration

MSBSHSE HSC exam pattern reporting for commerce/arts subjects including Economics

35%

Common minimum passing floor per HSC subject under MSBSHSE

Maharashtra HSC pass-mark practice (~35% each subject)

80 + 20

Common theory + internal/project mark split for HSC Economics (code 49)

Maharashtra HSC subject-wise mark distribution reporting

Subject code 49

Official MSBSHSE HSC subject code for Economics

MSBSHSE HSC general subject codes (mahahsscboard.org/hscsub.htm)

Mixed written paper

Official Economics papers mix objective, short, long, and numerical items — not pure MCQ

MSBSHSE HSC Economics paper-pattern summaries

English MCQ adaptation

This free local bank is not the official Higher Secondary paper format

OpenExamPrep practice policy

Maharashtra MSBSHSE HSC Economics (code 49) is a Class 12 public-exam theory subject of about 3 hours (commonly 80+20) with ~35% pass floor, covering Balbharati micro, index numbers, national income, public finance, money markets, and foreign trade — not a pure MCQ board paper. This free 2026 bank is an English MCQ study adaptation for concepts and numerical fluency.

Sample Maharashtra HSC Economics Practice Questions

Try these sample questions to test your Maharashtra HSC Economics exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1The terms 'micro' and 'macro' in modern economics were coined by:
A.Adam Smith
B.Alfred Marshall
C.Ragnar Frisch
D.John Maynard Keynes
Explanation: Norwegian economist Ragnar Frisch coined the terms microeconomics and macroeconomics (around 1933). Balbharati Std XII credits him with this terminology.
2The Greek word 'Mikros', from which 'micro' is derived, means:
A.Large
B.Small or a millionth part
C.Money only
D.Government
Explanation: Micro comes from Greek Mikros meaning small (or a millionth part). Microeconomics studies small individual units of the economy.
3Microeconomics is also commonly known as:
A.Income theory only
B.Price theory
C.Trade-cycle theory only
D.Public-debt theory only
Explanation: Because microeconomics focuses on determination of prices of goods, services, and factors, it is known as price theory.
4Which of the following is a central concern of macroeconomics?
A.Price of one farmer's wheat crop only
B.Aggregate employment and national income
C.Utility of a single consumer only
D.Cost curve of one firm only
Explanation: Macroeconomics studies economy-wide aggregates such as national income, employment, inflation, and overall growth.
5Microeconomic analysis that studies equilibrium of one unit while isolating it from other forces is called:
A.General equilibrium only
B.Partial equilibrium
C.Circular-flow equilibrium only
D.Fiscal equilibrium only
Explanation: Partial equilibrium analyses the balance of an individual consumer, firm, or industry in isolation (ceteris paribus style), a key micro feature.
6The microeconomic method of splitting the whole economy into small units and studying each separately is the:
A.Lumping method
B.Slicing method
C.Index method only
D.Multiplier method only
Explanation: Balbharati lists the slicing method as a micro feature: the economy is divided into small units (individual demand, firm, etc.) studied in detail.
7Lord J. M. Keynes's famous book that advanced modern macro analysis is:
A.Principles of Economics (1890)
B.General Theory of Employment, Interest and Money (1936)
C.The Wealth of Nations (1776)
D.Das Kapital only
Explanation: After the Great Depression, Keynes published the General Theory (1936), shifting focus to aggregate employment, interest, and money.
8Which statement correctly contrasts micro and macro economics?
A.Micro studies aggregates; macro studies only one consumer
B.Micro uses slicing of units; macro focuses on economy-wide aggregates
C.Macro never studies inflation; micro always studies BoP
D.Both ignore price determination completely
Explanation: Micro slices the economy into individual units (price theory); macro studies nationwide aggregates and problems such as unemployment and inflation.
9In economics, 'utility' primarily means:
A.The physical weight of a good
B.Want-satisfying power of a commodity
C.Government tax revenue only
D.Money supply only
Explanation: Utility is the power of a commodity to satisfy a human want — a subjective psychological concept in cardinal utility analysis.
10Total utility (TU) is:
A.Utility from only the last unit
B.Sum of utilities from all units consumed
C.Always equal to price
D.Always zero after one unit
Explanation: Total utility is the sum of satisfaction obtained from all units of a commodity consumed.

About the Maharashtra HSC Economics Practice Questions

Verified exam format metadata for Maharashtra Higher Secondary Certificate (HSC / Class 12) Economics under the Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE), Pune — subject code 49 is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.