TS Inter 1st Year Economics 2025 Most Expected Questions

TS Inter 1st Year Economics 2025 Most Expected Questions: Candidates appearing for the TS Inter 1st Year Economics exam on March 17, 2025, from 9:00 AM to 12:00 PM can refer to the list of most anticipated questions provided below. These questions have been carefully reviewed by our subject matter experts, considering previous years' question papers and various model papers. The questions cover all formats specified in the exam pattern, including long-answer, short-answer, and very short-answer questions. This approach ensures that the most likely topics and question types are well-represented, giving candidates a comprehensive overview to prepare for the exam.

Also Read | TS Inter 1st Year Economics Guess paper 2025

TS Inter 1st Year Economics 2025 Most Expected Questions

Check out the list of most expected questions for the TS Inter 1st Year Economics 2025 here in the following sections:

Section A: Long Answer Questions (each carries 10 marks)

1. Discuss the law of diminishing marginal utility, its limitations and importance.
2. Explain the meaning of perfect competition. Illustrate the mechanism of price determination under perfect competition.
3. What is price elasticity of demand? Illustrate the various types of price elasticities of demand.
4. Define national income and explain the various concepts of National Income.
5. Explain the nature and scope of Economics.

Section B: Short Answer Questions (each carries 5 marks)

1. Distinguish between microeconomics and macroeconomics.
2. Explain the relationship between Average cost and Marginal cost.
3. What are the different factors affecting supply?
4. Discuss the characteristics of perfect competition.
5. Explain the methods of measuring national income.
6. What are the causes and effects of inflation?
7. Explain the difference between GDP and GNP.
8. Describe the various forms of market structures.
9. Discuss the factors affecting the demand for a commodity.
10. Explain the concept of economic development and economic growth.

Section C: Very Short Answer Questions (each carries 2 marks)

1. What is wealth?
2. What is the law of demand?
3. State the concept of utility.
4. What do you understand by the term 'opportunity cost'?
5. Explain the term ‘Elasticity of Demand’.
6. What is meant by ‘Gross Domestic Product’ (GDP)?
7. Define inflation.
8. What is the difference between microeconomics and macroeconomics?
9. Explain the term ‘diminishing marginal utility’
10. Explain the capital goods.
11. What is Net profit?
12. What is National Income?
13. Explain the concept of the Geometric mean.
14. Explain the concept of GNP (Gross National Product).
15. What is the Fiscal deficit?
16. What is Personal Income?
17. Define the Law of Supply.
18. What is Economic rent?
19. Find the mode from the following data: 380,430,480,480,520,480, 530,600,480

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