Revision Notes for Class 11 Indian Economic Development Chapter 4 - Free PDF Download





















FAQs on Poverty Class 11 Notes CBSE Economics Chapter 4 (Free PDF Download)
1. What is poverty?
Poverty is that condition of life when a person is unable to meet any of his needs, both physical and basic needs. Such people find it difficult to pay for or fulfil their necessities. They lack the necessary means to accomplish this task. There are two ways in which one can measure poverty. One is the absolute poverty technique, and the other is a relative poverty technique. Utilising both these methods, students can gauge the poverty levels. As a student, if you have any difficulty in understanding the topic, you can always refer to poverty chapter economics class 11 notes pdf.
2. What is the poverty line?
The line of cut off on the line of distribution that divides the country into poor and non-poor is known as the poverty line. Those whose income falls below that line are called poor, and those whose income is above the line are called non-poor. When the planning commission decides on the line, it takes into consideration the food consumption. Using this definition, economists can easily denote who is below the line and who falls upon the line. Make use of class 11 economics poverty notes, and gain a complete understanding of the subject.
3. What are the causes of poverty?
There are several causes of poverty, and these can be explained in a nutshell. Population explosion is a major cause of poverty as is a high rate of unemployment. Even unequal wage distribution is counted among the causes of poverty. A high illiteracy rate can also result in a high percentage of unemployment as the population is not qualified to hold good jobs. Lastly, political factors are the primary cause of unemployment. The government of any country is responsible for creating jobs and encouraging the economy to grow. Chapter 4 economics class 11 notes will be helpful to any student that does not understand this concept.
4. How do you categorize poverty according to Chapter 11 Indian Economic Development of Class 11 Economics?
Chronic poor are those people who are always and usually poor but they may sometimes have a little money as we see in the case of casual workers. Another category is the transient poor consisting of the churning poor who constantly move in and out of poverty including seasonal and small workers and the occasionally poor who are rich most of the time but sometimes get out of luck and become poor. The non-poor are those who never get out of poverty.
5. What is the basis of the poverty line in India according to Chapter 11 Indian Economic Development of Class 11 Economics?
A poverty line is an economic tool used to measure poverty. The poverty line is measured by taking the Monthly Per Capita Expenditure (MPCE) into consideration. In the year 2011-12, the poverty line as per the per capita expenditure was defined to be the consumption of Rs 816 per person in a month in rural areas and Rs 1000 per person in a month for people in urban areas. Consumption below this level means that they are below the poverty line.
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6. What are the cons of using MPCE as the basis for the poverty line according to Chapter 11 Indian Economic Development of Class 11 Economics?
The poverty line used by the government in India is based on the Monthly Per Capita Expenditure, which is the monetary value of the minimum calories intake estimated for rural and urban areas. The fault in using this basis to calculate the poverty line is that it does not differentiate between the very poor and the poor. Moreover, income and assets cannot be the sole consideration for poverty. Other factors like access to education, drinking water, sanitation, and health are equally important.
7. What is development according to Chapter 11 Indian Economic Development of Class 11 Economics?
Development is removing any obstacle that is in the way of things that a person can do in his life. For example, illiteracy, poor sanitation, ill health, poor access to resources or limited access to political and civil freedoms. Poverty alleviation is one development programme that governments have undertaken. Other development measures include providing education, an increase in agricultural production, and a high rate of employment. One of the main aims is also to improve the standard of living of people.
8. Why is poverty so rampant in India according to Chapter 11 Indian Economic Development of Class 11 Economics?
Ans: Poverty in India is rampant because of the following reasons -
lack of quality education and skills
social, political, and economic inequality
high unemployment rate
social exclusion as in the case of Dalits and women
indebtedness
unequal distribution of wealth which is making the rich richer and the poor poorer
poor infrastructure
lack of demand
low capital formation
To cover all other important points from this chapter, download the CBSE Class 11 Economics Indian Economic Development Notes Chapter 4 today.