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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
Discuss the following as a source of human capital formation
Expenditure on migration.
Bring out the need for on-the-job-training for a person.
Trace the relationship between human capital and economic growth.
Which one of the following is a reason for poor human capital formation in India?
The objective of midday meal scheme is ______.
Which of the following institutes comes under the health sector?
Which of the following is not the role of on-the-job training?
Source of human capital formation is ______.
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 is an example of curative medicine?
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 is the need for on-the-job training for a person?
The newly emerging jobs are found mostly in the ______ sector.
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:
"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.
“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
