Human Capital Formation
Human Capital Formation: Overview
This topic covers concepts, such as, People as Human Resource, Human Capital Formation, Vicious Cycle, Virtuous Cycle, Investment on Human Resources in Japan, Economic Activities, Market and Non-market Activities & Low Paid Jobs for Women etc.
Important Questions on Human Capital Formation
People as resources consider population as:
Who wrote the book "Wealth of Nations"?
Human capital investment includes
An industrialist Mr. Bajaj has made an investment of on education. on training and on the medical care of the employees of his company. His efforts are towards strengthening to
Direction: Which pair of statements about development is correct?
Per capita income is also called average income per person per year.
Rich Middle East countries are called developed countries.
Kerala's low Infant Mortality Rate (IMR) is due to high literacy and good health facilities.
Human Resource Development gives priority to increasing the standard of living.
Which country has proven the efficient utilization of human resources?
Given below are four economic activities. Which among them is the least employment generating?
Listed below are the activities that Mr. Khanna was engaged in on . Based on your understanding, choose the correct option.
| SL.NO | TIME | Activity |
| Tended to the tomatoes planted in his kitchen garden in the backyard. | ||
| Attended the Zoom Meeting for deciding next year's profit target. | ||
| Attended a Skype Meeting for his friend's surprise birthday party |
Which of the following is an economic activity?
A dramatic shift in the way an industry functions typically brought on by major economic developments is known as:
Identify the economist with the help of clues given below.
| CLUES |
| a) He was a Russian-American development economist and statistician, and was awarded the Nobel Memorial Prize in Economics for his research on economic growth |
| b) He noticed structural change as a feature of economic growth. |
| c) He is credited with revolutionising econometrics. |
Which of the following activities is not a part of the primary sector?
Select the odd one out from among the occupations given below.
| Textile Factory; Restaurant; Flour Mill; Builder |
In India, men and women get the same wages for their work.
People as Resource is a way of referring to a country’s working people in terms of their existing productive skills and abilities.
Investment in human capital is expenditure on which of the following?
