Human Capital Superiority and Population in India

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What is the social consequence of the disguised unemployment prevalent in the agriculture sector?

Reduced hardship of unemployment for rural families

Equal distribution of income among all family members (correct)

Increased standard of living for all family members

Higher productivity and efficiency in agricultural work

What characterizes the employment structure in the primary sector in India?

Limited job opportunities for educated individuals

Technological advancements leading to decreased employment

High wages leading to surplus of manpower

Disguised unemployment with self-employment (correct)

How does the low income and productivity of a large number of employed people impact the economy?

Increases the GDP per capita in the country

Boosts overall economic development in the region

Leads to surplus of skilled labor in the market

Contributes to an inadequate potential for economic growth (correct)

What does the appearance of various new services like biotechnology and information technology in the tertiary sector indicate?

A shift towards more technologically advanced jobs Signup and view all the answers

What is the impact of poor people engaging in any activity irrespective of its earning potential?

Keeps earnings at a bare subsistence level Signup and view all the answers

How does the concept of sharing work and produce reduce the hardship of unemployment in the rural sector?

Reduces financial burden by distributing income among family members Signup and view all the answers

How does unemployment impact the quality of life of an individual and society?

It adversely affects the quality of life for individuals and society. Signup and view all the answers

What is the outcome of there being a surplus of manpower in certain categories and a shortage in others?

Creation of a paradoxical manpower situation. Signup and view all the answers

What is the impact of unemployment on the dependence of the unemployed on the working population?

Increases their dependence on the working population. Signup and view all the answers

Why does unemployment represent a great social waste?

Because it reflects the inability of qualified individuals to find gainful employment. Signup and view all the answers

What is one consequence of a dearth of technical skills required for economic growth?

A hindrance to economic growth due to lack of necessary skills. Signup and view all the answers

How does unemployment affect an economy's resource utilization?

It wastes resources by not employing willing educated individuals. Signup and view all the answers

What is a key difference between human capital and other resources like land and physical capital?

Human resource can make use of land and capital, while land and capital cannot become useful on their own. Signup and view all the answers

In the context of the text, why was a large population in India considered a liability?

Due to the surplus of manpower leading to unemployment issues. Signup and view all the answers

Why was Sakal's uncle Shyam sitting idle at home despite passing the matriculation examination?

Due to a lack of job opportunities matching his qualifications. Signup and view all the answers

What motivated Sakal's father to encourage Sakal to continue his studies?

To provide Sakal with better job opportunities in the future. Signup and view all the answers

How did Sakal's vocational course in computers impact his career?

It equipped him with skills for a job in a private firm. Signup and view all the answers

What positive outcome did Sakal achieve as a result of designing a new software?

He helped increase the sales of the firm. Signup and view all the answers

Human Capital Superiority and Population in India

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