Item selecionado da lista suspensa

$("#ddrp1").change(function() {
    // Pure JS
    var selectedVal = this.value;
    var selectedText = this.options[this.selectedIndex].text;

    // jQuery
    var selectedVal = $(this).find(':selected').val();
    var selectedText = $(this).find(':selected').text();
});


/*	In jQuery 1.7, you can use .on()	*/

$("#ddrp1").on("change", function() {
    // Pure JS
    var selectedVal = this.value;
    var selectedText = this.options[this.selectedIndex].text;

    // jQuery
    var selectedVal = $(this).find(':selected').val();
    var selectedText = $(this).find(':selected').text();
});
Ram S