Indian Economy On The Eve Of Independence is the first chapter in the class 11. The main motto of this chapter is to keep the students aware with the Indian Economy. There are various concepts covered in this chapter – an introduction to the Indian economy, low level of economic development under the colonial rule, agricultural sector, industrial sector, foreign trade, demographic condition, occupational structure, infrastructure.
Students can also refer to :
Frequently asked Questions on CBSE Class 11 Economics Notes Chapter 1: Indian Economy on Eve of Independence
What are the uses of ‘Foreign trade’?
1. Increased revenue 2. Decreased competition 3. Longer product lifespan 4. Better risk management 5. Promotes efficiency in production
How long was the ‘Colonial rule’ in India?
The British Raj/empire was the rule of the British Crown on the Indian subcontinent from 1858 to 1947.
What is democracy rule?
A government in which the supreme power is vested in the people and exercised by them directly or indirectly through a system of representation usually involving periodically held free elections.
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