AP Inter 1st Year Economics Question Paper March 2023

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The strategic use of AP Inter 1st Year Economics Model Papers and AP Inter 1st Year Economics Question Paper March 2023 allows students to focus on weaker areas for improvement.

AP Inter 1st Year Economics Question Paper March 2023

Time : 3 Hours]
Max. Marks: 60

Note : Read the following instructions carefully.

  1. Answer all the questions as per the choice specified. Draw suitable diagrams wherever necessary.
  2. Questions from Serial Nos. 1 to 5 in Section – A are of Long Answer Type. Each question carries ten marks. Any three questions may be answered out of five given questions. Ev-ery answer may be limited to 40 lines.
  3. Questions from Serial Nos. 6 to 17 in Section – B are of “Short Answer Type”. Each question carries five marks. Any eight questions may be answered out of twelve given questions. Every answer may be limited to 20 lines.
  4. Questions from Serial Nos. 18 to 37 in Section – C are of “Very Short Answer Type”. Each question carries two marks. Any fifteen questions may be answered out of twenty given questions. Every answer may be limited to 5 lines.

Section – A

Note : Answer ANY THREE out of the following five questions. (3 × 10 = 30)

Question 1.
Explain the consumer’s equilibrium with help of the law of equi-marginal utility.

Question 2.
Explain the law of Variable proportions.

Question 3.
What are the characteristic features of perfect competition? Illustrate the mechanism of price determination under per-fect competition market.

AP Inter 1st Year Economics Question Paper March 2023

Question 4.
Explain the various methods of Calculating National Income.

Question 5. Explain
the Keynesian theory of employment.

Section – B

Note : Answer ANY THREE out of the following five twelve question (8 × 5 = 40)

Question 6.
Examine the differences between free goods and economic goods.

Question 7.
Explain Jacob Viner’s definition of economics.

Question 8.
Explain the properties of Indifference curve.

Question 9.
Why a demand Curve has a negative Slope or downwards Slope from left to right ?

Question 10.
Explain the point method of measuring price elasticity of demand.

Question 11.
What is monopoly? What are its characteristic features?

AP Inter 1st Year Economics Question Paper March 2023

Question 12.
Explain the concept of Scarcity rent with the help of a dia-gram.

Question 13.
What is the national income at factor cost ?

Question 14.
What are the Sources of public revenue?

Question 15.
Explain the Primary and Secondary functions of money.

Question 16.
State the types of Inflation.

Question 17.
Explain the importance of statistics.

Section – c

Note : Answer ANY EIGHT out of the following twelve question (15 × 2 = 30)

Question 29.
Disposable Income.

Question 30.
Say’s Law of market.

Question 31.
Fiscal deficit.

Question 32.
Liquidity.

Question 33
Overdraft.

AP Inter 1st Year Economics Question Paper March 2023

Question 34.
Reserve Bank of India.

Question 35.
Demand pull Inflation.

Question 36.
Simple bar diagram.

Question 37.
Compute Median for the data 19,1,3, 17, 6, 12,11, 8.

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