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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.”
पर्याय
True
False
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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
What are the two major sources of human capital in a country?
Discuss the following as a source of human capital formation
Expenditure on migration.
Trace the relationship between human capital and economic growth.
______ five-year plan recognized the importance of human capital.
Which one of the following is a reason for poor human capital formation in India?
Which one of the following is a major source of human capital formation in the country?
The objective of midday meal scheme is ______.
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 -
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.
Which of the following gives the definition of public goods?
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?
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:
Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as ______ benefits.
"Expenditure on On-the-job training is an important means of human capital formation in an economy."
Give valid reasons to justify the given statement.
