Revision Notes for Class 11 Indian Economic Development Chapter 1 - Free PDF Download















FAQs on Indian Economy on the Eve of Independence Class 11 Notes CBSE Economics Chapter 1 [Free PDF Download]
1. From Where can You Download Economics Chapters Notes in PDF?
To score well in your Class 11 exam, completing the syllabus is not enough. You need something extra effort, and that extra effort and resources you will get from here, now you can easily download the PDF Economic Notes from Vedantu. It is designed and explained by the expert at Vedantu. So just refer to these revision notes and score well in your exam.
2. What are Some Important Points to Use Class 11 Revision Notes?
When you have everything in ready form, you just need to start preparation.
Here are some of the important points as to why to use revision notes:
All the information written in the revision notes is true as well as scoring.
These are designed after analyzing the last 10 years’ records.
The Vedantu expert teachers know which concept should be learned first and which may be left if you can’t do it.
They divide the complex answers into maximum sections, thereby, students can understand them properly.
Moreover, these notes have not been prepared by a single teacher. Every chapter has been designed as per the professional at Vedantu.
3. How to Prepare for CBSE Class 11 Economics Notes in one Month?
Few important tips to prepare in one month for exams are:
Managing the time and revision of the Economic paper.
Solve PYQP (Previous Year Question Paper).
Do not cram prior to the exam.
Do not panic.
Write neat, and present well.
Shift between subject categories.
4. What is economy and economics class 11?
The economy presents a system where every individual in order to satisfy their wants has to go through the process of production, consumption, investment and exchange. Economics, on the other hand, is the study of economics. It is the art of decision making, which presents the study of the use of scarce resources, under the conditions of scarcity in order to attain maximum satisfaction. It helps to determine how a human makes decisions when there is a scarcity of resources. It focuses on the way the economy works and the way in which the economic agents interact and behave.
5. What was the state of the agriculture sector and industrial sector of the Indian economy on the eve of Independence?
Our economy was known to be an agro state on the eve of independence. There was a rapid decline in the Indian agricultural sector. There was de-industrialisation, which had resulted in the decline of the Indian handicraft industry. The motive behind this for the Britishers was twofold. Firstly, they had planned on getting the raw materials from the land at a cheap rate, which had reduced the Indian market as the mere exporter of the raw materials to these British industries. Secondly, these raw materials were then made into products and sold by the Britishers in the Indian market at a high price.
The main idea of the Britishers was the total dependence of the Indian markets on them for the supply of capital goods and heavy equipment, which resulted in the unbalanced growth of the industries in India.
All these concepts are explained in detail in the NCERT Solutions Class 11 Economics by Vedantu at free of cost, which the students need to go through in order to attain a better understanding.
6. What was the growth rate of per capita income on the eve of Independence?
During the independence in 1947, the per capita income was recorded to be only 249.6 rupees annually. The economic policies laid down by the colonial government were concerned more with the development in their home country rather than in the development in the Indian subcontinent. These policies transformed India into a mere supplier of raw materials and the receiver of finished products at much higher stakes.
To get a better understanding of these concepts it is important for the student to go through the chapter line by line and also refer to the NCERT Solutions Class 11 Economics by Vedantu where everything is explained in detail and in an easy and simple language.
7. What is the name of Chapter 1 in economics class 11?
The first chapter is called the “ Indian Economy on the Eve of Independence.” It gives an overview of the Indian economy at the eve of Independence and how the Government of India had to take relevant steps in order to attain a planned development.
It is important for the student to read the chapter thoroughly and mark the important lines and topics to get a better hold of the subject matter. Apart from this, they are also advised to the students to resort to the NCERT Solutions and practice and read the exercises present in them to score better marks in the exams.
8. How to prepare for Class 11 Chapter 1 Economics?
In order to do well in any exam, it goes without saying that the student needs to be thorough with all that is taught in their syllabus. To achieve this, the student should first list down all the important points for Class 11 Chapter 1 Economics, and make a routine, where they allow enough time. They should also make rough revision notes that will help them in remembering what they have studied. Referring to the NCERT Solution too will be an immense source of help, as with the practice of the exercises present in them and by doing all this, they will be able to do well in the exams. You can also download the Vedantu app and access the study materials at free of cost.