Human Capital Formation in India
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Questions and Answers

What is the main focus of the chapter on Human Capital Formation in India?

  • The impact of globalization on human capital
  • The role of technology in human capital formation
  • The history of human capital in India
  • The concepts of Human Resource, Human Capital Formation, and Human Development (correct)

    • According to Alfred Marshall, why is investing in education profitable?

  • It guarantees fame and recognition for individuals
  • It directly leads to economic growth
  • It provides greater opportunities for individuals to bring out their latent abilities (correct)
  • It ensures immediate returns on investment

    • What does the text suggest about the relationship between investment in human capital and economic growth?

  • There is a positive correlation between investment in human capital and economic growth (correct)
  • There is no relationship between investment in human capital and economic growth
  • Investment in human capital hinders economic growth
  • Investment in human capital leads to social inequality

    • What is the significance of government spending on education and health according to the text?

    <p>It is essential for the overall development of the country</p> Signup and view all the answers

    What factor does the text propose as making a great difference in the evolution of mankind?

    <p>Man's capacity to store and transmit knowledge</p> Signup and view all the answers

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