AP Inter 1st Year Economics Guess Paper 2025

1

Explain the Keynesian Theory of Employment.

2

Describe the law of Diminishing Marginal Utility, its limitations and importance.

3

Critically examine the Law of Variable Proportions.

4

Explain the meaning of perfect competition. Illustrate the mechanism of price determination under perfect competition.

5

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

6

Distinguish between Microeconomics and Macroeconomics.

7

What are the sources of Public Revenue?

8

Write a note on the classification of markets based on time and area.

9

Explain primary and secondary functions of money.

10

What is utility? What are its types?

11

What are the factors that determine the demand?

12

What is Statistics? Explains its relations with Economics.

13

What is the median? What are its merits and drawbacks?

14

Point out the redemption methods of Public debt.

15

Analyse the characteristics of Wants.

16

What is Barter System? What are its difficulties?

17

Illustrate the reasons for negative sloping demand curve.

18

What are the factors that determine National Income?

19

What are the Internal and External Economies of Scale?

20

What are the functions of a Central bank?

21

What are the determining factors of real wages?

22

Explain the concept of effective demand.

23

What is an indifference curve? What are its assumptions?

24

Define Inflation and explain its types.

25

Explain the Law of Supply.