Human Capital Formation in India Test - 1

Explanation:

HIV is a virus that attacks the human immune system and makes it susceptible to infections and diseases. Preventive measures can be taken to reduce the spread of AIDS.

Explanation:

Human capital is productive only when it is educated, healthy and willing to learn new skill sets. All of these lead to economic growth and are therefore important.

Explanation:

Quality of the labour force is more important than the quantity. Educated and healthy labour force can contribute better to the development of the nation.

Explanation:

Health is a primary source for development of human capital. Only healthy persons will be willing to work and contribute to the society.

Explanation:

AICTE is a statutory body and a national level council for Technical Education under the Ministry of Human Resource Development, India. It is responsible for proper planning and coordinated development of technical and management systems of education in India.

Explanation:

The Seventh Five Year Plan had the development of human capital formation as its prime objective. India believed that the population could become an asset, if trained and educated on sound lines which would lead to economic and social growth.

Explanation:

Physical capital refers to tangible capital like plant and machinery, buildings, computers, etc which are built by humans to be used for productive purposes.

Explanation:

It is true that human capital is effective only when individuals possess the skills to work, are healthy and therefore willing to work. Age of human capital is a measure of physical ability and experience.

Explanation:

Human capital includes the inherent and acquired skill sets of the entire population of a country. However, education, health, on-job training enhance the quality of human capital.

Explanation:

Human capital is always evolving with respect to skiils, education and health. For purposes of measurement, the existing productive skill sets are taken into account.