The Class 11 Economics syllabus has a wide range of concepts that serve as the introduction to the subject. All the questions provided in the NCERT books cover all the major Economics topics you will need to get a good grasp on the fundamentals.
Economics is a social science that pertains to the production, distribution, allocation, and expenditure or utilisation of goods and services. Economics explores how individuals, trades, governments and countries make choices on distributing resources to attain the optimal output. Due to its complexity, Economic analysis requires a combination of several analytical processes. So, this social science subject is more like mathematical logic.
If you want to score good marks in Class 11 Economics, you should be thorough with the questions, end-of-chapter exercises, and solved examples given in the NCERT books. As you go along, you may find yourself stuck in some places. This is where Extramarks can help you. Scroll down to find the complete NCERT solutions class 11 Economics.
Class 11 Economics NCERT Textbook Solutions
By studying the fundamentals of Economics in Class 11, you can assess your calibre and interest in the field and pursue it later on in your career. This subject helps you develop skills that have great value and importance in everyday life. At the heart of it, the Economics syllabus is designed to help you learn about the production and consumption of products and services. It also deals with how they are distributed in the markets, their demand, and supply.
Economics helps you understand and analyse the business decisions made by organisations. This includes individual projects as well as government undertakings. As an individual, learning this subject will help you plan how to spend on work, basic necessities, our entertainment and leisure time, and at the same time how to maximise your savings. By getting a hang of the fundamentals of Economics, you would also understand how trends, inflation, and interests affect your financial decision-making ability.
Ultimately, Class 11 Economics is a critical subject that introduces you to several important concepts that are applicable in real-life scenarios. Some examples are demand, supply, market mechanism, and banking systems and other concepts that determine the mechanism of both micro-economic and macro-economic factors. Microeconomics is the study of prices for goods and services based on the allocation of resources and human choices. On the other hand, macroeconomics studies economics as a whole, in a large entity.
Extramarks’ NCERT Solutions for Class 11 Economics provide critical insights into the nuances of important chapters like liberalisation, privatisation, globalisation, sustainable development, etc. This will help you clarify important economic concepts and gain the necessary acumen about the basics of the subject. By doing so, not only will you be more confident in your problem-solving abilities, but you will also be able to score well on your exam.
NCERT Solutions for Class 11 Economics
Our subject experts at Extramarks have compiled a comprehensive document outlining the solutions to all the exercises included in the NCERT Class 11 Economics book. The solutions are accompanied by examples, diagrams, and detailed analysis of important topics. It is designed in such a way that every student can have a fulfilling learning experience, and save time, as they will not have to research each topic separately.
NCERT Solutions for Class 11 Economics
Here are the chapter-wise solutions for 11th economics NCERT books.
Chapter – Wise NCERT Solutions For Class 11 Economics
| Chapter 1 |
Indian economy on the Eve of Independence |
| Chapter 2 |
Indian Economy (1950 – 1990) |
| Chapter 3 |
Liberalisation, Privatisation and Globalisation: An Appraisal |
| Chapter 4 |
Poverty |
| Chapter 5 |
Human Capital Formation In India |
| Chapter 6 |
Rural Development |
| Chapter 7 |
Employment Growth, Informalisation and Other Issues |
| Chapter 8 |
Infrastructure |
| Chapter 9 |
Environment and Sustainable Development |
| Chapter 10 |
Comparative development Experiences of India and Its Neighbours |
Examples of Topics and Solutions Covered Under NCERT Class 11 Economic Solutions
Listed below are some examples of NCERT Economics Class 11 solutions that elaborated on how the book stands helpful for the students.
NCERT Solutions for Class 11 Economics: Chapter 1 and Chapter 2
Chapter 1 and 2 provide an introduction to the Indian Economic system. They also highlight the changes it has undergone since independence, and the journey of India’s economy from a stagnant and underdeveloped one to its current state.
- What’s more, the solutions also cover topics like:
- India’s occupational structure
- India’s demographic conditions
- India’s per capita income through the years
- The development of India’s infrastructure
- Five-year plans
- Reforms in the agricultural sector
NCERT 11th Economics Solutions: Chapter 3 and Chapter 4
Chapter 3 and- 4 of NCERT Solutions for Class 11 Economics covers significant topics like:
- Globalisation
- Privatisation
- Liberalisation
- Poverty
- Reformative policies undertaken by the Indian Government and their pros and cons
The chapter will enable students to understand economic factors like direct tax, disinvestment, indirect tax and others. Additionally, they will also get to learn about the impacts and causes of the Sircilla tragedy.
Class 11th NCERT Economics Solutions: Chapter 5 and Chapter 6
NCERT solutions of the CBSE Class 11 Economics book for chapters 5 and 6 cover topics like human capital formation in India and rural development.
The solutions provided by Extramarks not only explain the general purpose of these two economic concepts, but also outline the impact that they have had on the Indian economy. To appreciate their impact, students can take a look at their consequences, like generating employment, increasing productivity. Finally, these chapters talk about the distinguishing factors between financial and physical capital.
Economics Class 11 Marks Weightage
Marks Distribution of the CBSE Class 11 Economics Syllabus 2022-23 Term 1
Theory: 40 Marks
Time: 90 minutes
| Units |
Term 1 – MCQ Based Question Paper |
Marks |
| Part A |
Statistics for Economics |
|
| |
Introduction |
04 |
| |
Collection, Organisation and Presentation of Data |
09 |
| |
Statistical Tools and Interpretation – Arithmetic Mean, Median and Mode |
10 |
| |
Sub Total |
23 |
| Part B |
Introductory Microeconomics |
|
| |
Introduction |
4 |
| |
Consumer’s Equilibrium and Demand |
13 |
| |
Sub Total |
17 |
| |
Total |
40 |
| Part C |
Project Work (Part 1) |
10 |
Marks Distribution of the CBSE Class 11 Economics Syllabus 2022-23 Term 2
Theory: 40 Marks
Time: 2 Hrs
| Units |
Term 1 – Subjective Question Paper |
Marks |
| Part A |
Statistics for Economics |
|
| |
Statistical Tools and Interpretation – Measures of Dispersion, Correlation, Index Number |
17 |
| |
Sub Total |
17 |
| Part B |
Introductory Microeconomics |
|
| |
Producer Behaviour and Supply |
13 |
| |
Forms of Market and Price Determination under perfect competition with simple applications |
10 |
| |
Sub Total |
23 |
| |
Total |
40 |
| Part C |
Project Work (Part 2) |
10 |
Importance of NCERT Class 11 Economics
- Our NCERT solutions class 11 economics are written in an easy-to-follow language
- All the answers are written following the NCERT guidelines. So, you need not worry about wasting time on content that is out of the syllabus
- Our solutions are curated and verified by subject matter experts. So, all the answers are accurate and will help you fetch a high score in the exam. There is no need to worry about the credibility of these answers, unlike guides that are outdated
- We provide a detailed introduction to crucial topics. This will help strengthen concepts right from the beginning and will help you in your future endeavours as well
- We’ve included diagrams with key topics to help you learn faster
- You can practise with similar examples to clarify the concepts
- Our NCERT solutions class 11 economics provide step-by-step solutions to numerical problems
- The solutions are arranged in chapter-wise order. So, you can refer to them conveniently
- Our solutions are free of cost, so you can download, print, and share them whenever you like