TS Inter 1st Year Economics Question Paper March 2023

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TS Inter 1st Year Economics Question Paper March 2023

Sestion – A

Note : i) Answer ANY THREE of the following questions in 40 lines each.
ii) Each question carries TEN marks. (3 × 10 = 30)

Question 1.
Describe the law of diminishing marginal utility, its limita-tions and importance.

Question 2.
Explain the meaning of Perfect Competition. Illustrate the mechanism of Price Determination under Perfect Competi-tion.

Question 3.
Critically examine the Law of Variable Proportions.

Question 4.
Explain the Keynesian Theory of Employment.

Question 5.
What are the various methods of calculating National Income? Explain them.

Sestion – B

Note : i) Answer ANY EIGHT of the following questions in 20 lines each.
ii) Each question carries FIVE marks. (8 × 5 = 20)

Question 6.
What is Utility? What are its types?

Question 7.
Explain the exceptions to the Law of Demand.

Question 8.
Explain the scaricity definition of Economics.

Question 9.
Point out the importance of Price Elasticity of Demand.

Question 10.
What are the characteristics of Monopolistic Competition?

Question 11.
What are the Internal Economies of scale?

Question 12.
What are the determining factors of Real Wages?

Question 13.
List out various items of Public Expenditure.

Question 14.
What are the factors that determine National Income?

Question 15.
What is Statistics? Explain its relationship with Economics.

Question 16.
Explain the Primary and Secondary functions of Money.

Question 17.
What is Mode ? What are its Merits and Drawbacks ?

Sestion – C

Note : i) Answer ANY FIFTEEN of the following questions in 5 lines each.
ii) Each question carries TWO marks.  (15 × 2 = 30)

Question 18.
What is Microeconomics?

Question 19.
Draw the Indifference Map.

Question 20.
Explain the capital goods.

Question 21.
What is Price Line / Budget Line?

Question 22.
What is Demand function?

Question 23.
What are Money Costs?

Question 24.
Explain Unitary Elastic Demand.

Question 25.
What are the Selling Costs?

Question 26.
Explain Cross Elasticity of Demand.

Question 27.
What is Contract Rent?

Question 28.
Expand C.S.O. what is its responsibility?

Question 29.
What is Net Interest?

Question 30.
What is Budget?

Question 31.
What is Clearance House?

Question 32.
Write, in brief, about GST.

Question 33.
What is a Pie-diagram?

Question 34.
What is Token Money?

Question 35.
Explain the concept of Harmonic Mean ?

Question 36.
What is Currency?

Question 37.
Compute median for the following data : 5,7, 7 8,9,10,12,15. and 21.