Human Capital Formation in India test - 2

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.

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

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.

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.

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.

The capital of a company is divided into shares /stock. Investors become the shareholders and owners of the company.

Education and health are two major aspects of social sector reforms. An educated and healthy person can contribute positively to the growth of the society and vice-versa where, individual interest lies in collective interest.

Mizoram has a literacy rate of 91.58% according to the 2011 census. It is the second highest state in India in terms of literacy.

Physical capital refers to man-made goods that help in the production process. It is one of the four main factors of production. Examples of physical capital are plant and machinery, buidings, computers, etc

A literate is a person who has the ability to read and write.