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प्रश्न
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
विकल्प
(i) and (ii)
(ii) and (iii)
(i), (ii) and (iii)
(i) and (iv)
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उत्तर
(i), (ii) and (iii)
Explanation:
- Brain drain, or the flight of skilled labor to other nations in search of better work prospects; low academic standards in schools and colleges with only theoretical knowledge and no behavioral expertise; and India's growing population are important difficulties in human capital building.
- In India, an change in social attitude leads to the production of human capital. In comparison to former eras, society now places a greater emphasis on women's education, health, skill, and training.
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संबंधित प्रश्न
Discuss the following as a source of human capital formation
Expenditure on migration.
How does investment in human capital contribute to growth?
Explain how investment in education stimulates economic growth.
Which one of the following is a major source of human capital formation in the country?
Match the situations given in Column I with their respective implications given in Column II:
| Column I | Column II | ||
| A | Migration | i | Reduced in per capita economic growth |
| B | Low level of academic standards | ii | An imbalance between demand and supply of human resource |
| C | Population- High Growth rate | iii | Brain Drain |
| D | Lack of proper manpower planning | iv | The mismatch between required skill and academic standards |
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.
Which of the following points indicates that economic growth and infrastructure development are related to each other?
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.
Which of the following is NOT a source of human capital?
Investment in children's education is analogous to which activity of a firm?
What is the primary outcome of investment in children's education?
People migrate from one place to another in search of better employment opportunities and higher salaries despite incurring which set of costs?
Which statement about tradability is correct?
What constitutes the private benefit of human capital?
Which of the following is an example of a social (external) benefit of human capital?
