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qxd 17-12-2021 (RAFEE) Corrected

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BOARD OF INTERMEDIATE EDUCATION (AP)
HALF YEARLY EXAMINATIONS - 2021
JUNIOR INTER ECONOMICS

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MODEL PAPER (English Version)

Time: 3 Hours

u .n Max.Marks: 100

a d SECTION - A

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Note: i) Answer any three questions.

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3 ´ 10 = 30

1.
a. e
ii) Each question carries 10 marks.
Explain the law of diminishing marginal utility and its limitations.
2.

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Explain the law of variable proportions.

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3.
4.
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Explain the classification of markets.
Critically examine the law of equi-marginal utility.
5.
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Explain the law of returns to scale.

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Note: i) Answer any Eight questions.
SECTION - B

8 ´ 5 = 40

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ii) Each question carries 5 marks.
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6.
7.
Characteristics of wants.
Various types of utility.
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8.

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Properties of Indifference Curves (IC).
9.
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Define price elasticity of demand. Explain briefly various types of price elasticity of demand.

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10.
11.
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Why a demand curve has a negative slope?
What is meant by price discrimination? Explain various methods of price discrimination.
12.
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Jacob Viner’s definition.

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13.
14.

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Differences between free goods and economic goods
Write about price line/budget line.
15.

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Explain the law of demand.
16.
17.
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Explain the point method of measuring price elasticity of demand.
What are the main features of perfect competition?

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SECTION - C

Note: i) Answer any Fifteen questions. 15 ´ 2 = 30

ii) Each question carries 2 marks.
18. Economic goods

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19.
20.
Wealth
Ordinal utility

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21. Griffin paradox

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22.
23.
Cross demand
Marginal cost
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24. Equilibrium price

a. e
25.
26.
Selling cost

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Intermediary goodsh
27.
a
Exchange value

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28.
29. Utility
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Choice problem

30.

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Cardinal utility

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31. Arc method
32. Individual demand

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33.
34.
Demand function
Law of supply
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35. Production function

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36. Oligopoly

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37.

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Monopolistic competition

a Writer: G. Suribabu

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