NCERT Solutions Class 11 Economics
NCERT Solutions for Class 11 Economics are provided here to clear all the concepts and doubts of the students. To help the students in their examinations, NCERT solutions for Economics in Study tutee are provided here. With the help of these NCERT solutions, you can score well and increase your percentage. These class 11 economics solutions will boost your confidence. NCERT Solutions for Class 11 Economics are designed by our subject experts as per the latest CBSE Board Syllabus.
Economics is a type of science that deals with the manufacture, distribution, sale, and purchase of goods and services. For example – Economics is the study of the stock market. Samuelson is the father of modern economics. He was the first American to win the Nobel Prize in Economics in 1970 for his work that changed the fundamental nature of the discipline. Students can easily access all these solutions online or they can also download a free PDF of NCERT Solutions for Class 11 Economics.
At Study tutee, all the essential topics are covered thoroughly and presented not only attractively but also interactively. Different types of exercises should encourage the learner to try with a sense of satisfaction. These NCERT solutions give the best guidance to the students to perform best in their examinations.
Class 11 Economics NCERT Solutions List of Chapters Available in Free PDF
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1) NCERT Solutions for Class 11 Economics Chapter 1 Indian Economy on the Eve of Independence
The fact is that over 70% of India’s National Income comes from its agricultural activities. The Indian economy on the eve of Independence concerning agriculture was emoralizing. Facing massive stagnation and continuous deterioration was the most important Indian Sector. NCERT Solutions for Class 11 Economics Chapter 1 download free pdf.
A list of topics from the chapter ‘Indian Economy on the Eve of Independence’ is given below-
- Low Level of Economic Development under the Colonial Rule
- Agriculture Sector
- Industrial Sector
- Foreign Trade
- Demographic Condition
- Occupational Structure
Some important points from the chapter ‘Indian Economy on the Eve of Independence’-
- Public sector enterprises such as railways, electricity, post, and telegraph were limited to sectors that would increase the size of the British product’s market in India, called limited growth of public sector enterprises.
- Industrial growth was one-sided, in the sense that the consumer goods industry was not adequately supported by the capital goods industry.
- No priority was given to the development of basic and heavy industries, which are known as shortages of basic and heavy industries. Tata Iron and Steel Mills was the only basic industry in India.
- The modern postal system in India was introduced in 1837. The first telegraphy line was opened in 1857.
2) NCERT Solutions for Class 11 Economics Chapter 2 Indian Economy (1950–1990)
The central objective of planning in India is to initiate a process of development that raises the standard of living and opens up new opportunities for a richer and more diverse life for people. Between the 1950s and 1990s, there was a significant decline in the proportion of GDP contributed by agriculture, but not in the population-based on it in India. Download NCERT Solutions for Class 11 Economics Chapter 2 Free PDF.
The list of subjects of the chapter ‘Indian Economy (1950-1990)’ is given below-
- The Goals of Five-Year Plans
- Industry and Trade
- Trade Policy: Import Substitution
Some important points from the chapter ‘Indian Economy (1950-1990)’-
- Economic planning is a process whereby a central authority defines a set of goals to be achieved within a specified period.
- Socialism is an economic system in which major economic decisions are taken by the government keeping in mind the collective interest of the society as a whole.
- The goals of the five-year plans are: –
- Economic growth means a steady increase in GDP or a steady increase in the level of output or a steady increase in the flow of goods and services in the economy over a long time.
- Modernization means increasing the production of goods and services for the producers by adopting new technology.
- Self-reliance means avoiding imports of those goods which can be produced only in India. This policy was particularly recognized as a need to reduce our dependence on foreign countries for food.
- Equity refers to the equitable distribution of income so that the benefits of development can be shared by all sections of society.
- Marketable Surplus refers to a farmer’s surplus of production above his agricultural consumption.
Thus, a marketable Surplus of Wheat = Output of Wheat – On Farm Consumption of Wheat.
3) NCERT Solutions for Class 11 Economics Chapter 3 Liberalisation, Privatisation and Globalisation : An Appraisal
India’s new economic policy was announced on 24 July 1991 which is known as LPG or Liberalization, Privatization and Globalization model. This new policy was announced by Finance Minister Manmohan Singh. Download NCERT Solutions for Class 11 Economics Chapter 3 Free Pdf.
Listed below are the themes of the chapter ‘Liberalisation, Privatization, and Globalisation: An Appraisal’-
- Indian Economy during Reforms : an Assessment
Some important points from the chapter ‘Liberalisation, Privatization, and Globalisation: An Appraisal’-
- Liberalization of the economy refers to its independence from the direct or physical control imposed by the government.
- Privatization is the general process of involving the private sector in the ownership or operation of a state-owned enterprise.
- Globalization is a process associated with increasing openness, increasing economic interdependence, and deeper economic integration in the world economy.
- Financial institutions such as commercial banks, investment banks, stock exchange operations, and the foreign exchange market are referred to as financial market reforms.
- Tax reforms are related to reforms in the government’s taxation and public expenditure policies which are collectively known as its fiscal policy.
- The reforms related to foreign exchange and foreign trade are called external sector reforms.
4) NCERT Solutions for Class 11 Economics Chapter 4 Poverty
Poverty is a condition or condition in which an individual or community lacks the financial resources and necessities for a minimum standard of living. Poverty means the level of income from employment is so low that basic human needs cannot be met. Download NCERT Solutions for Class 11 Economics Chapter 4 Free Pdf.
The list of topics of the chapter ‘Poverty’ is given below-
- About the Poor
- Identification of Poor People
- The Number of Poor People in India
- What Causes Poverty?
- Policies and Programmes towards Poverty Alleviation
- Poverty Alleviation Programmes — A Critical Assessment
Some important points from the chapter ‘Poverty’-
- The inability to meet the minimum necessities of life is called poverty.
- The poverty line is the line that expresses the average monthly expenditure per capita by which people can meet their minimum needs.
- The rural poor include landless agricultural workers, marginal holders, and tenants at will.
- The urban poor include migrants from rural areas in search of employment, casual factory workers, and those largely self-employed as street vendors.
5) NCERT Solutions for Class 11 Economics Chapter 5 Human Capital Formation In India
India in its early stages realized the importance of human capital in financial development. Human capital formation is the process of acquiring and increasing the number of persons having the necessary education and experience for the economic and political development of a country. Download NCERT Solutions for Class 11 Economics Chapter 5 in free pdf.
The list of topics from the chapter ‘Human Capital Formation in India’ is given below-
- Human Capitals
- Sources of Human Capital
- Human Capital and Human Development
- State of Human Capital Formation in India
- Education Sector in India
- Future Prospects
Some important points from the chapter ‘Human Capital Formation in India’-
- The education system of the country which makes education in India still a challenging proposition with the following facts.
- In the year 2012, the Government of India brought an act called RTE (Right to Education). It promises education for all and makes education a matter of right for all children in the age group of 6-14 years.
- Human capital refers to a nation’s stock of ‘skills and expertise’ at a time. It is the total of skill and expertise.
- Human capital formation is the process of adding to the stock of human capital over time.
- Physical capital refers to the stock of the produced means of production. This includes machines, production plants, etc.
- Financial capital means shares/shares of companies or it is simple financial claims against the assets of companies.
6) NCERT Solutions for Class 11 Economics Chapter 6 Rural Development
Rural development is the process of improving the quality of life and economic well-being of people living in rural areas, often in relatively isolated and sparsely populated areas. Agriculture is a major source of livelihood in rural areas. Download NCERT Solutions for Class 11 Economics Chapter 6 in free pdf.
The list of subjects of the chapter ‘Rural Development’ is given below-
- Rural Development
- Credit and Marketing in Rural Areas
- Agricultural Market System
- Diversification into Productive Activities
- Sustainable Development and Organic Farming
Some important points of the chapter ‘Rural Development’-
- Rural credit means loans to farm families. Credit is the lifeline of agricultural activity.
- Agricultural marketing includes all those activities or processes that help the former to get the maximum value of their products, these processes include grading, packaging, and storage.
- Organic farming is a system of farming that relies on the use of organic inputs for farming.
- The rapid increase in the production of various horticultural crops such as fruits, vegetables, tuber crops, and plantation crops is called the Golden Revolution.
7) NCERT Solutions for Class 11 Economics Chapter 7 Employment Growth, Informalisation and Other Issues
Employment growth is defined as a situation where GDP grows faster than employment opportunities resulting in unemployment. Contingency and informalization of employment refer to a situation when the percentage of casually hired workers in the total workforce increases over time. Download NCERT Solutions for Class 11 Economics Chapter 7 Free Pdf.
The list of topics in the chapter ‘Employment Growth, Informalization, and Other Issues’ is given below-
- Workers and Employment
- Participation of People in Employment
- Self-Employed and Hired Workers
- Employment in Firms, Factors and Offices
- Growth and Changing Structure of Employment
- Informalisation of Indian Workforce
- Government and Employment Generation
Some important points from the chapter ‘Employment Growth, Informalization, and Other Issues’-
- Labor supply is the supply of labor corresponding to different wage rates.
- The labor force is the number of persons working or willing to work.
- The workforce is the number of persons working and not the number of people willing to work.
- Informalization of the workforce refers to a situation where the percentage of the workforce in the formal sector decreases and the informal sector increases.
8) NCERT Solutions for Class 11 Economics Chapter 8 Infrastructure
The general term for the basic physical systems of a business, region, or nation is called infrastructure. For example – infrastructure includes transportation systems, communication networks, sewage, water, and electricity system. Download NCERT Solutions for Class 11 Economics Chapter 8 in free pdf.
The list of topics from the chapter ‘Infrastructure’ is given below-
- Relevance of Infrastructure
- The state of Infrastructure in India
Some important points from the chapter ‘Infrastructure’-
- Infrastructure refers to the basic elements of economic and social change that act as a support system for production activity in an economy.
- Economic infrastructure refers to all the elements of economic change that act as a support system for the process of economic development.
- Social infrastructure is the basic element of social change which acts as a support system for the process of social development of a country.
- Women face severe neglect not only in the field of education but also in the field of health care in India. More than 50% of women in the age group of 15-49 in India suffer from nutritional deficiency.
9) NCERT Solutions for Class 11 Economics Chapter 9 Environment and Sustainable Development
Sustainable development is an approach to economic planning that seeks to promote economic development while preserving the quality of the environment for future generations. Eco-tourism is one of the most important areas of the law of sustainable development. Download NCERT Solutions for Class 11 Economics Chapter 9 in free pdf.
The list of topics of the chapter ‘Environment and Sustainable Development’ is given below-
- Environment – Definition and Function
- State of India’s Environment
- Sustainable Development
- Strategies for Sustainable Development
Some important points from the chapter ‘Environment and Sustainable Development’-
- Pollution means those activities of production and consumption that challenge the purity of air and water and the peace of the environment.
- Sustainable development is the process of economic development which aims at raising the quality of life of both and future generations.
- The environmental issues affecting the whole world are called global environmental issues like global warming and ozone depletion.
- Ozone depletion is the reduction in the amount of the ozone layer in the stratosphere.
10) NCERT Solutions for Class 11 Economics Chapter 10 Comparative development Experiences of India and its Neighbors
All three countries – India, Pakistan, and China – began their economic development at the same time. In addition, India and Pakistan gained independence in the year 1947. However, in 1949 China was an independent economy. Download NCERT Solutions for Class 11 Economics Chapter 10 Free PDF.
The topics of the chapter ‘Comparative Development Experiences of India and its Neighbors’ are listed below-
- Development Path – A Snapshot View
- Demographic Indicators
- Gross Domestic Product and Sectors
- Indicators of Human Development
- Development Strategies – An Appraisal
Some important points from the chapter ‘Comparative Development Experiences of India and its Neighbors’-
- China’s SEZs (Special Economic Zone) policy which is driving FDI is of central importance.
- SEZs are providing strong infrastructural facilities for FDI.
- India is dominated by China. The Chinese reform process began more extensively during the 80s when India was in the middle of a slow development process.
- Common failures of structural reforms in India and Pakistan have been the decline in the rate of growth of GDP and its regional components in the 1990s. Unemployment is still a major concern in both countries.
Benefits of Solving Class 11 Economics NCERT Solutions
- NCERT Solutions provides step by step explanation of every question given in the textbooks. It is one of the most valuable aids to the students in their homework and exams as well.
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- These NCERT solutions are designed as per the syllabus of the subject concerned and thus, provide proper guidance along with the entire learning process.
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