Economics is the most important subject in the whole IAS Exam preparation. The candidates find it difficult to understand the Economics topics and their concepts. The Economics terminology is evolving day by day but the new plans and policies are very much depends on the recent economic theories and researches and reports.
To understand various economics researches and publications, the candidates needs to know the basic concepts of the Economics so that they can relate the research and publication with their IAS Exam Preparation.
NCERT Economics class IX, is the vital book which explains the basic concepts of the economics and makes the concepts simpler for the candidates. The book focuses on the basic economics concepts which are considered very important to understand the basic working of the Plans and Policies of the government.
The Candidates can expect at least 5-7 questions from this NCERT Book. The questions can be direct or indirect but they will appear from this book, it is for sure.
Chapter 1: THE STORY OF VILLAGE PALAMPUR
The purpose of the story is to introduce some basic concepts relating to production and this we do through a story of a hypothetical village called Palampur.* Farming is the main activity in Palampur, whereas several other activities such as small scale manufacturing, dairy, transport, etc. are carried out on a limited scale. These production activities need various types of resources — natural resources, manmade items, human effort, money, etc.
Chapter 2: PEOPLE AS RESOURCE
The chapter 'People as Resource' is an effort to explain population as an asset for the economy rather than a liability. Population becomes human capital when there is investment made in the form of education, training and medical care. In fact, human capital is the stock of skill and productive knowledge embodied in them.
Chapter 3: POVERTY AS A CHALLENGE
This chapter deals with one of the most difficult challenges faced by independent India—poverty. After discussing this multi-dimensional problem through examples, the chapter discusses the way poverty is seen in social sciences. Poverty trends in India and the world are illustrated through the concept of the poverty line. Causes of poverty as well as anti-poverty measures taken by the government are also discussed.
Chapter 4: FOOD SECURITY IN INDIA
Food security means availability, accessibility and affordability of food to all people at all times. The poor households are more vulnerable to food insecurity whenever there is a problem of production or distribution of food crops. Food security depends on the Public Distribution System (PDS) and government vigilance and action at times, when this security is threatened.