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प्रश्न
State with valid reason whether the following statement is true or false:
“Higher productivity and production are the outcome of investment in human resources.”
विकल्प
True
False
उत्तर
This statement is True.
Reason:
Investing in human resources, such as education, health, skill, and training, makes them more productive. It leads to increased output. It enables a country's people to be converted into productive assets.
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संबंधित प्रश्न
Explain how investment in education stimulates economic growth.
Bring out the need for on-the-job-training for a person.
______ five-year plan recognized the importance of human capital.
Physical capital is inseparable from its owner.
Match and choose the correct combination.
| (i) | Preventive medicine | (A) | Medical intervention during |
| (ii) | Curative medicine | (B) | Vaccination |
| (iii) | Social medicine | (C) | The spread of health literacy |
Which of the following institutes comes under the health sector?
Ms. Ramanpreet has started a new business venture, she intends to spend a huge amount towards ‘on-the-job training’ of her workers before putting them to work. It exhibits the right step in the direction of Human Capital Formation.
Spot which of the following does not directly contribute to the process of human capital formation by Ms. Ramanpreet -
Read the given case study and answer the questions
Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.
Consider the situation of 2 countries – A and B. Country A has invested more towards the
technological progress whereas Country B has invested more towards expanding its military
network and arms. To Solow, which country would go faster?
When does economic growth leads to economic development?
Which of the following statements are correct
Statement 1: Migration is the shifting of a person from one place to another with the intention of settling, permanently or temporarily in a new location.
Statement 2: The movement is often over long distances and from one country to another.
Statement. 3: When people migrate from one country to another country it is known as external migration.
What are the major sources of human capital in a country?
What is the need for on-the-job training for a person?
The newly emerging jobs are found mostly in the ______ sector.
Out of following one is non-renewable source:
Read the following statements carefully.
Statement 1: On-the-job trainings help to bridge a gap between theoretical concepts and practical experiences.
Statement 2: On-the-job trainings update the employees, with the latest changes in their work field.
In the light of the given statements, choose the correct alternative:
“Ravya was initially working as an office clerk in a firm. In the pursuit to attain, a higher position and income, she attended a few on-the-job training sessions. These sessions contributed positively to her skills and expertise.”
Explain the impact of Ravya’s decision on human capital formation.
Identify, which of the following are associated with the problem of human capital formation in India?
- Brain drain
- Low academic standards
- Rising population
- Changes in social outlook
