AP SET Exam Paper - II, ECONOMICS

An Economics examination test booklet (Subject Code: A-05-02) containing 50 multiple-choice questions.

Examination Details:

• Logistics: The test is worth 100 marks with a duration of 1 hour and 15 minutes.

• Instructions: Candidates are required to use a blue or black ballpoint pen, return both the question booklet and the OMR sheet to the invigilator, and refrain from using electronic aids such as calculators. Candidates must not disclose their identity on the OMR sheet to avoid disqualification.

Core Topics Covered:

• Microeconomics: The questions address theories of consumer preference, kinked demand curves, market structures, and psychological laws of consumption.

• Macroeconomics: The booklet covers various growth models (e.g., Solow, Harrod-Domar), India's Five-Year Plans, and concepts regarding high-powered money.

• Public Finance & Policy: Content includes taxation systems, public expenditure, fiscal and primary deficits, and various tax enquiry committees.

• Statistics: Statistical methods are tested, including arithmetic, geometric, and harmonic mean calculations, regression lines, and binomial distributions.

Passage Analysis: The booklet includes a reading passage regarding environmental degradation. It contrasts developing and developed economies, noting that developing nations often face higher pollution due to early-stage industrialization and weaker anti-pollution regulations. In contrast, developed economies frequently shift toward service sectors and demonstrate a higher preference for environmental quality.