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Problem Of Unemployment In India — Revision Notes

ICSE · Class 11 · Economics

Problem Of Unemployment In India revision notes for ICSE Class 11 Economics: 4 topics in quick points. Part of the ICSE Class 11 Economics syllabus.

65 questions37 flashcards3 formulas & key relations5 concepts

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Key Topics to Revise

1

1. Meaning of Unemployment and Key Terms

  • A person is unemployed when able and willing to work at the prevailing wage rate but unable to find work.
  • Voluntarily unemployed persons are not counted as unemployed.
  • Only persons in the age group of 15 to 60 years are counted in unemployment statistics; children below 15 years and people above 60 years are excluded.
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2. Types of Unemployment in India

  • Unemployment in India is commonly grouped into rural unemployment, urban unemployment, and other types.
  • Rural unemployment includes seasonal unemployment and disguised unemployment.
  • Urban unemployment includes industrial unemployment and educated unemployment.
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3. Extent of Unemployment in India

  • Exact unemployment in India is difficult to measure because concepts differ and correct data are not always available.
  • Employment and unemployment data are provided by Planning Commission or NITI Aayog, National Sample Survey Office, and employment exchanges.
  • Unemployment rate in 1983 was 9.22% with 24.34 million unemployed persons.
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4. Causes of Unemployment in India

  • Underdevelopment limits the creation of enough jobs in agriculture, industry, trade, transport, and communication.
  • The growth rate of the economy averaged nearly 4 per cent during six decades of planning, but full employment needs 8% to 9% growth per annum for the next ten years.
  • Rapid population growth increases the labour force and reduces savings and investment.

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Full Notes

Key Concepts

Unemployment is a condition inLabour force includes all persons actuallyMagnitude of unemployment = Labour forceUnemployment Rate = (Number of unemploymentRural unemployment is mainly of two

Frequently Asked Questions

What are the important topics in Problem Of Unemployment In India for ICSE Class 11 Economics?
Key topics in Problem Of Unemployment In India include Meaning of Unemployment and Key Terms, Types of Unemployment in India, Extent of Unemployment in India, Causes of Unemployment in India. Study these first, then practise questions on each for Class 11 exams.
How should I revise Problem Of Unemployment In India for Class 11 exams?
Learn the core ideas first, then work through the 65 practice questions on Problem Of Unemployment In India. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All ICSE Class 11 Economics Revision Notes

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