11th Economics - Book Back Answers - Unit 7 - English Medium Guides

  

 

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Tamil Nadu Board 11th Standard Economics - Unit 7: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Unit 7 – Economics from the Tamil Nadu State Board 11th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Economics Unit 7 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Unit 7 :Indian Economy

I. Multiple Choice questions.

1. The main gold mine region in Karnataka is ………..
a. Kolar
b. Ramgiri
c. Anantpur
d. Cochin
Answer Key:
a. Kolar

2. Economic growth of a country is measured by national income indicated by …..
a. GNP
b. GDP
c. NNP
d. Per capita income
Answer Key:
b. GDP

3.Which one of the following is a developed nations ?
a. Mexico
b. Ghana
c. France
d. Sri Lanka
Answer Key:
c. France

4. The position of Indian Economy among the other strongest economies in the world is ..
a. Fourth
b. Seventh
c. Fifth
d. Tenth
Answer Key:
b. Seventh

5. Mixed economy means ……
a. Private sectors and banks
b. Co-existence of Public and Private sectors
c. Public sectors and banks
d. Public sectors only
Answer Key:
b. Co-existence of Public and Private sectors

6. The weakness of Indian Economy is …….
a. Economic disparities
b. Mixed economy
c. Urbanisation
d. Adequate employment opportunities
Answer Key:
a. Economic disparities

7. A scientific study of the characteristics of population is …
a. Topography
b. Demography
c. Geography
d.Philosophy
Answer Key:
b. Demography

8. The year 1961is known as …..
a. Year of small divide
b. Year of Population Explosion
c. Year of Urbanisation
d. Year of Great Divide
Answer Key:
b. Year of Population Explosion

9. In which year the population of India crossed one billion mark ?
a. 2000
b. 2001
c. 2005
d. 1991
Answer Key:
b. 2001

10. The number of deaths per thousand population is called as …
a. Crude Death Rate
b. Crude Birth Rate
c. Crude Infant Rate
d. Maternal Mortality Rate
Answer Key:
a. Crude Death Rate

11. The number of births per thousand population is called as
a. Crude death rate
b. Mortality rate
c. Morbidity rate
d. Crude Birth Rate
Answer Key:
d. Crude Birth Rate

12. Density of population =
a. Land area / Total Population
b. Land area / Employment
c. Total Population / Land area of the region
d. Total Population / Employment
Answer Key:
c. Total Population / Land area of the region

13. Who introduced the National Development Council in India?
a. Ambedkar
b. Jawaharlal  Nehru
c. Radhakrishanan
d. V.K.R.V. Rao
Answer Key:
b. Jawaharlal  Nehru

14. Who among the following propagated Gandhian Ecomomic thinkings.
a. Jawaharlar Nehru
b. VKRV Rao
c. JC Kumarappa
d. A.K.Sen
Answer Key:
c. JC Kumarappa

15. The advocate of democratic socialism was
a. Jawaharlal Nehru
b. P.C. Mahalanobis
c. Dr. Rajendra Prasad
d. Indira Gandhi
Answer Key:
a. Jawaharlal Nehru

16. Ambedkar the problem studied by in the context of  Indian Economy is …….
a. Small land holdings and their remedies
b. Problem of Indian Currency
c. Economics of socialism
d. All of them
Answer Key:
b. Problem of Indian Currency

17. Gandhian Economics is based on the Principle
a. Socialistic idea
b. Ethical foundation
c. Gopala Krishna Gokhale
d. Dadabhai Naoroji
Answer Key:
b. Ethical foundation

18. V.K.R.V Rao was a student of
a. J.M. Keynes
b. Colin Clark
c. Adam smith
d. Alfred Marshal
Answer Key:
a. J.M. Keynes

19. Amartya Kumara Sen received the Nobel prize in Economics in the year
a. 1998
b. 2000
c. 2008
d. 2010
Answer Key:
a. 1998

20. Thiruvalluvar economic ideas mainly dealt with
a. Wealth
b. Poverty is the curse in the society  
c. Agriculture
d. All of them
Answer Key:
d. All of them

II. Answer the following questions in one or two sentences.

21. Write the meaning of Economic Growth

• Economic growth refers to an increase in the size of a country's economy over a period of time. The size of an economy is typically measured by gross domestic product (GDP).

22. State any two features of developed economy
1. High national income     2. High per capita income

23. Write the short note on natural resources
1. Any stock or reserve that can be drawn from nature is a Natural Resource.
2. The major natural resources are -land, forest, water, mineral and energy.

24.Point out any one feature of Indian Economy.
1. Indian economy is a mixed economy.     2.Agriculture plays the key role

25.Give the meaning of non-renewable energy

• The sources of energy which cannot be renewed or re-used are called non- renewable energy sources. Coal, oil, gas etc.

26.Give a short note on Sen’s ‘Choice of Technique’.

• In a labour surplus economy (like India), generation of employment cannot be increased at the initial stage by the adaptation of capital-intensive technique.

27. List out the reasons for low per capita income as given by V.K.R.V. Rao.
•    Low levels of water availability for crops
•    Absence of capital

 

III. Answer the following questions in one paragraph.

28. Define Economic Development.
1. The level economic development is indicated not just by GDP, but by an increase in citizens’
quality of life or well-being.
2. The quality of life is being assessed by several indices such as HDI,PQLI,GNHI
3. The level of economic development, nations are classified as developed and developing economics

29. State Ambedkar’s Economic ideas on agricultural economics.

• In 1918, Ambedkar published a paper “Small Holding in India and their Remedies”.
• Citing Adam Smith’s ‘Wealth of Nations”, he made a fine distinction between
• “Consolidation of Holdings” and “Enlargement of Holdings”.
• This paper attempts to deal with the problem of the size of holding it affects agricultural productivity.

30. Write on short note on village sarvodhaya.

• According to Gandhi, “Real India was to be found in villages and not in towns or cities.”
• So he suggested the development of self- sufficient, self-dependent villages.
• Sarvodaya is a Sanskrit term meaning 'universal uplift' or 'progress of all'.

31. Write the strategy of Jawaharlal Nehru in India’s planning.

• The Plan was essentially an integrated approach for development.
• The essence of planning is to find the best way to utilize all resources of manpower, of money and so on.
• Economic growth on a self- accelerating growth.

32. Write the V.K.R.V.Rao’s contribution on multiplier concept.

•  Rao’s examination of the “interrelation between investment, income and multiplier in an under developed economy”.
• Dr. Rao argued that whereas a primary increase in investment would take place, a subsequent, secondary and tertiary affects through the expansion of output in the consumption goods sector would not take place.
• Consequently, the multiplier process would not be operation.

33. Write a short note on Welfare Economics given by Amartya Sen.
1. Sen’s major point has been that the distribution of income/ consumption among the persons below the poverty line is to be taken into account.
2. The concept of capabilities developed by Sen has been cited as a better index of wellbeing than commodities or utilities.
3. Sen has included the concept of entitlement items like nutrition, food, medical and health care, employment, security of food supply in times of famine etc.

34. Explain Social infrastructure.

• Social infrastructure refers to those structures which are improving the quality of manpower and contribute indirectly towards the growth of an economy.
• These structures are outside the system of production and distribution.
• The development of these social structures help in increasing the efficiency and productivity of manpower. For example, schools, colleges, hospitals and other civic amenities.

 

IV. Answer the following questions in about a page.

35. Explain strong features of Indian economy
1. India has a mixed economy
2. Agriculture plays the key role
3. An emerging market
4. Fast Growing Economy
5. Fast growing Service Sector
6. Demographic dividend

36. Write the importance of mineral resources in India.
1. Iron-Ore - Jharkhand, Odisha, Goa and Karnataka.
2. Mica -India stands first
3. Coal and Lignite - Odisha and Andhra Pradesh.
4. Gold – Kolar
5. Bauxite - Odisha and Andhra Pradesh.
6.Crude Oil - Assam and Gujarat.

37. Bring out Jawharlal Nehru’s contribution to the idea of economic development.

• Jawaharlal Nehru, one of the chief builders of Modern India,
• To Jawaharlal Nehru, the Plan was essentially an integrated approach for development.
• Jawaharlal Nehru was responsible for the introduction of planning in our country.
• It was during his period, many IITs and Research Institutions were established.
• Socialism is another contribution of Nehru to India. Nehru’s socialism is democratic socialism.

38. Write a brief note on the Gandhi an economic ideas

Gandhian Thought	Gandhian Economics is based on ethical foundations.
Village Republics	To Gandhi, India lives in villages. He was interested in developing the villages as self-sufficient units.
On Machinery	Gandhi described machinery as ‘Great sin’.
Industrialism	Gandhi considered industrialism as a curse on mankind.
Decentralization	He advocated a decentralized economy,
Village Sarvodaya	He suggested the development of self-sufficient, self- dependent villages.