Human Capital Formation in India test - 7

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Human Capital Formation in India test - 7
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  • Question 1
    1 / -0
    Economic growth is growth in _____.
    Solution
    An increase in the capacity of an economy to produce goods and services compared from one period of time to another is known as economic growth. It can be measured in nominal or real terms. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used. Economic growth is growth in valued added of all sectors.
  • Question 2
    1 / -0
    Human capital formation refers to the process of __________.
  • Question 3
    1 / -0
    Which of the following ministries lay down the policies and programme for the development and regulation of the country's water resources?
  • Question 4
    1 / -0
    ____________ workers can make use of complex modern techniques which enhance productivity.
  • Question 5
    1 / -0
    Population becomes human capital when there is investment made in the form of education, training and _______.
    Solution
    Population becomes human capital when there is investment made in the form of education, training and medical care.
  • Question 6
    1 / -0
    Which state in India tops the National Human Development Index?
    Solution
    The Human Development Index (HDI) consists of three indicators which compare different geographical locations. The three indicators are Life expectancy, education and per capita income. 
  • Question 7
    1 / -0
    The indicators of the economic growth in India are __________.
    Solution
    Economic indicators and associated parameters provide the important data points to enable informed decision making. The importance of the Gross Capital formation lies in the fact that this is that part of GDP which helps in the growth of the GDP itself. This is a must for achieving a high rate of production, capital formation, changes in production techniques and changes in the outlook of the people themselves.
  • Question 8
    1 / -0
    Economic growth indicates ____________.
    Solution
    Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms.
  • Question 9
    1 / -0
    Investment in human resource means investment in _____ .
    Solution
    Investing in human resources mean investing in resources like health and education so that the quality and skills of the people are improved.
  • Question 10
    1 / -0
    Human resources are superior to other resources because __________.
    Solution
    Human resource is different from other resources like land and physical capital in the following ways: 

    • From economic development perspective, human resources exhibit multiple importances i.e. at one end human resource act both producers as well as consumers. 
    • Human resource makes use of other resources like land and physical capital to produce an output. 
    • Human resources are considered superior to other resources as it is not confined to one region or place. It can spread to other places and diversify.

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