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Human Capital Formation and Financial Capital Quiz

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Human Capital Formation and Financial Capital Quiz

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Questions and Answers

What is Human Capital Formation?

Expenditure on migration for skill development

The process of adding to the stock of skill and expertise over time (correct)

The stock of produced means of production

Financial claims against assets of companies

Which of the following is NOT a source of Human Capital Formation as mentioned in the text?

Expenditure on Information

Expenditure on Agriculture (correct)

Expenditure on Health

Study Programmes for Adults

How does Human Capital Formation contribute to economic growth?

By increasing productivity of physical capital through skilled workers (correct)

By reducing the productivity of physical capital

By limiting access to education and health services

By decreasing the rate of participation in the workforce

Which aspect does NOT describe Human Capital?

Stock of produced means of production Signup and view all the answers

What is a major benefit of Human Capital Formation mentioned in the text?

Facilitating higher innovation and growth Signup and view all the answers

Which factor does NOT contribute to Human Capital Formation according to the text?

Expenditure on Financial Capital Signup and view all the answers

What is the main difference between human capital and human development?

Human capital is a means to an end, while human development is an end itself. Signup and view all the answers

What does 'Human Capital Formation' aim to achieve?

Increasing the stock of skilled and educated individuals for a country's development. Signup and view all the answers

How does G.M. Meier define human capital formation?

The process of adding to the stock of human capital over time. Signup and view all the answers

What is included in 'Physical Capital'?

Inputs required for further production such as machinery and tools. Signup and view all the answers

What age group does the Right to Education (RTE) Act in India promise education to?

6-14 years Signup and view all the answers

How does human capital differ from physical capital?

Physical capital focuses on infrastructure, while human capital focuses on workforce skills. Signup and view all the answers