Maharashtra HSC Economics Exam 2026 LIVE: Most Expected Questions; Topic-wise Short Notes & Expert Tips

Maharashtra HSC Economics Exam 2026 LIVE

• Feb 22, 2026 09:00 PM IST

  Some Other Economic Terms You Should Know

  • The gross market value of all final goods and services produced within the domestic territory of a country during a period of one year. Gross Domestic Product (GDP)
  • Buying and selling of goods and services within the boundaries of a nation. Internal Trade (or Domestic Trade)

• Feb 22, 2026 08:40 PM IST

  What is the Law of Demand?

  The Law of Demand states that other things remaining constant, when the price of a good increases, its quantity demanded decreases, and when the price decreases, its quantity demanded increases. In simple words, price and quantity demanded have an inverse relationship.

  The law can be expressed in functional form as:

  Dx = f (Px)

  Where:

  • Dx = Demand for commodity X
  • Px = Price of commodity X
  • f = Functional relationship

  This shows that demand depends on the price of the commodity. According to the law, the relationship between Dx and Px is inverse (negative).

• Feb 22, 2026 08:20 PM IST

  Some Economics-Related Abbreviations

  Given below are some of the abbreviations you should know:

  
  

• Feb 22, 2026 08:00 PM IST

  Economic Terms to Remember for Exam Preparation

  Some of the economic terms you need to know for the HSC Economics exam are listed below:

  Description	Economic Term
  (i) A desire which is backed by a willingness to purchase and the ability to pay.	Demand
  (ii) The net addition made to total cost by producing one more unit of output.	Marginal Cost
  (iii) The type of market where there are few sellers.	Oligopoly

• Feb 22, 2026 07:40 PM IST

  Some Agree or Disagree Questions for HSC Economics Exam 2026

  This question might carry 12 marks in total, with each explanation worth 4 marks. You will be given an option to choose 3-4 out of the total. Answer accordingly. State with reasons whether you agree or disagree with the following statements.: 

  1. There are no real exceptions to the law of Diminishing Marginal Utility. 
  2. There are many features of monopolistic competition. 
  3. There are no limitations of Index Number. 
  4. The money market plays an important role in India. 
  5. There is no difference between the concepts of Balance of Trade and Balance of Payments

• Feb 22, 2026 07:20 PM IST

  Slicing method vs Lumping method

  Check out the differences between Slicing method and Lumping method:

  Basis	Slicing Method	Lumping Method
  Meaning	In this method, data is divided into small equal parts (class intervals).	In this method, data is grouped together without dividing into small parts.
  Use	Used when detailed classification is required.	Used when broad grouping is enough.
  Accuracy	Gives more accurate and detailed information.	Gives less detailed information.
  Example	Dividing income into ₹0-10,000, ₹10,000-20,000, etc.	Grouping all low-income people together in one category.

• Feb 22, 2026 07:00 PM IST

  Scope of Macro Economics

  The diagram below depicts the scope of macroeconomics:

  
  

• Feb 22, 2026 06:40 PM IST

  Some Solved 1-Mark MCQs

  The table below provides some of the MCQs that have appeared in the Economics exam, along with their answers:

  Question	Correct Answer
  (i) Methods adopted in microeconomic analysis	Slicing method
  (ii) Under perfect competition, sellers are	Price takers
  (iii) Statements that are correct in relation to Index Numbers	Index numbers measure relative changes in an economic variable and are specialized averages.
  (iv) Obligatory functions of the government	Protection from external attacks and maintaining internal law and order.
  (v) Types of foreign trade	Import trade, Export trade, and Entrepot trade.

• Feb 22, 2026 06:20 PM IST

  Types of 1-Mark Questions to Expect in the Exam

  1. Choose the correct options
  2. Give economic terms
  3. Complete the statements
  4. Find the odd word
  5. Complete the correlation

• Feb 22, 2026 06:04 PM IST

  Topics Included in Economics Syllabus

  • Introduction to Micro and Macro Economics
  • Utility Analysis
  • Demand Analysis
  • Elasticity of Demand
  • Supply Analysis
  • Forms of Market
  • Index Numbers
  • National Income
  • Public Finance in India
  • Money Market and Capital Market in India
  • Foreign Trade of India

• Feb 22, 2026 06:04 PM IST

  HSC Economics Chapter-Wise Weightage 2026

  The expected topic-wise weightage for this year’s Class 12 Economics exam, based on previous trends, is given below:

  Sr. No.	Unit / Chapter	Total Marks	Marks With Option
  1	Introduction to Micro and Macro Economics	7 marks	10 marks
  2	Utility Analysis	7 marks	10 marks
  3	Demand Analysis	7 marks	10 marks
  4	Elasticity of Demand	7 marks	10 marks
  5	Supply Analysis	7 marks	10 marks
  6	Forms of Market	7 marks	10 marks
  7	Index Numbers	8 marks	12 marks
  8	National Income	8 marks	12 marks
  9	Public Finance in India	8 marks	12 marks
  10	Money Market and Capital Market	8 marks	11 marks
  11	Foreign Trade in India	4 marks	6 marks

• Feb 22, 2026 06:04 PM IST

  Expected Difficulty Level of Economics Exam

  The table below provides the expected difficulty level of the HSC Economics exam 2026:

  Difficulty Level	Approx. Weightage	Description
  Easy	0.3	Direct theory, definitions, diagrams, and straightforward concepts
  Moderate	0.5	Application-based questions, reasoning, graphs, and interpretation-type questions
  Difficult	0.2	Analytical questions, numerical interpretation, case-based or multi-concept answers

• Feb 22, 2026 06:04 PM IST

  Scope of Microeconomics

  The diagram below depicts the scope of microeconomics: