Economics Syllabus for Primary Teachers Exam Karnataka

Economics  Syllabus for Graduate Primary School Teachers for Classes 6 to 8 for SOCIAL SCIENCE

Paper II
Economics
Economic Activities production activities, consumption activities, exchange
activities, distribution activities, production-factors of production [land, labour,
physical capital, human capital]
 Natural Resources: Scarcity of resources, meaning of renewable and nonrenewable
resources, meaning of deforestation and desertification, meaning of
carrying capacity climate change-factors influencing the climate, consequences
of climate change, prevention of climate changes
 Human Resources: Meaning of human resources, people has resources,
population growth, demographic transition- stages [Backward stage, developing
stage, developed stage] reproductive health quality and population.
 Poverty and hunger: Who are poor, indicators of poverty, extent of poverty in
India [percentage] hunger and family, food security and eradication of povertymeasures
or economic development measures, implementation of specific
poverty, provision of minimum basic requirements and social security measures
 Economic structure: Meaning of structural transformation; Source of income;
Source of employment; Meaning of static and dynamic economy.
 Sectors of Indian Economy : Meaning of primary sector , Secondary sector
,Tertiary sector;
 Money and Credit:- Meaning of money ,Evolution of money ,Meaning of Barter
System , commodity money , Metallic money , Paper money , Bank money ,
Credit and Debit Card;
 Importance of Banks , Types of Banks: Industrial banks , Exchange Banks,
Saving Banks , Co-operative Banks and Land mortgage Banks ; Meaning of
deposits of commercial banks, Current account deposits, Saving deposits, Fixed
deposits ; Reserve Bank of India ; Functions of RBI : Monopoly of note issue,
ACTS as banker to Government , Bankers Bank , Acts as National clearing
house, Acts as the controller of credit, Custodian of Foreign Exchange reserves,
Publishes the economic statistics and other information, Promotion of Banking
habits, Facilities of Agriculture.
 Labour and Employment- Meaning of Labour, Features of Labour, Importance
of Labour ,Types of Labour, Division of Labour: Advantages and
Disadvantages of division of labour; Gender dimension of labour, Meaning of
productive Labour , Reproductive Labour, Abolition of Bonded Labour,
Abolition of Child Labour; Employment, Unemployment, NSSO classification:
Usual status, Weekly status, Daily status; Meaning of Youth Unemployment,
Types of Unemployment, Disguised Unemployment , Seasonal Unemployment,
Voluntary Unemployment.
 Economy & government-Planning in India- History of Planning- Five year
plans- Achievements of Five year plans- Green revolution-
 Public finance & Budget- Meaning & importance of Public finance- BudgetPublic
expenditure- Capital expenditure- Public revenue- Capital receiptsFiscal
defecit, GST, Demonetization
 ENTREPRENEURSHIP - Meaning of entrepreneur, Meaning of

entrepreneurship, Characteristics of an entrepreneur, Functions of entrepreneur,
Role and Importance of an entrepreneur, Importance of entrepreneur, Self
employment opportunities for entrepreneurship, Self employment schemes
 INSURNACE -Meaning of insurance, Importance of insurance, Need for Life
insurance, Terms use in insurance - Policy, Claims, Premium, Difference
between life insurance and general insurance,
 GLOBALIZATION OF BUSINESS - Meaning of Globalization, Factors that
are included in Globalization, Characteristics of Globalization, Merits of
Globalization, Demerits of Globalization, Meaning of World Trade
Organization (WTO), Major functions of WTO, Additional function of WTO
 Development: Meaning of development and underdevelopment; Income
indicators of development; Human development indicators; General related
development.
 Accounting in Business - Meaning of Accounting, Definitions of Accounting,
Features of Accounting, Need for Accounting, Merits of maintaining accounts,
Types of maintaining accounts (Accounting system)
 Economy and Government: Relation between government and economy;
Planning in India, five year plans and achievements; Green revolution;
Liberalization, Globalization and Privatization

Exam Structure
Section 1 – Multiple Choice Questions
Marks – 50
Duration – 1 hour
Section 2 - Short and Long answer type questions
Marks – 100
Duration – 2 hours

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