Human Capital Formation In India — Economics STD 12 Humanities & Commerce — Question

Read the passage given below and answer the following questions from 1 to 4.
People spend to acquire information relating to the labour market and other markets like education and health. This information is necessary to make decisions w.r.t investment in human capital and its efficient utilisation. Thus, expenditure incurred for acquiring information relating to the labour market and other markets is also a source of human capital formation.

1. Which of the following is the source of human capital formation in India?

1. Health
2. Migration
3. Acquiring information
4. All of these

2. Education provides:

1. Private benefit
2. Social benefit
3. Both (a) and (b)
4. None of these

3. persons contribute more to the growth of an economy.

1. Ducated
2. Healthy
3. Both (a) and (b)
4. None of these

4. Training given by a company to its employees is generally__________?

1. Investment
2. Social wastage
3. Both (a) and (b)
4. None of these

Due to its quality, Indian indigo was in great demand in Britain. In 1810, almost 95% of the indigo imported into Britain was from India. Indigo production became a very profitable business and many Britishers became indigo planters. They advanced loans to peasants at high rate and forced them to cultivate indigo in 25% of their land. They paid a low price for the indigo. As the indigo plant had deep roots, it exhausted the soil fertility and the land was unfit for rice cultivation. Do you think that the above practices of the British were justified?

What are the benefits and challenges before India for becoming a cashless economy?

Give any four features of small scale industries.

Highlight important features of the infrastructure sector.

What was the impact of development and construction of railways by the British rulers on Indian economy?

What is meant by ‘Food for Work’ programme?

What was the effect of the systematic de industrialisation policy followed by the British?

Give the list of 'navaratna' companies.

What is Green Revolution? Critically discuss its success.