Give an account of report published by World Bank on Indian economy as a knowledge economy.

Explain how health and expenditure on information are a source of human capital formation.

Discuss the following as a source of human capital formation.
Expenditure on migration.

Explain how is India a knowledge economy.

Why unemployment is highest among the educated youth?

Do you think that the current level of education expenditure is adequate? Why?

What does government expenditure on education reveal?

Read the passage given below and answer the following questions from 1 to 3.
India realized the significance of human capital in financial development in its early stages. The Seventh Five Year Plan says, ‘Human Resource improvement has essentially to be appointed a key part in any development technique, especially in a nation with such a grand population. The reason for this action plan being:
Higher Productivity of Physical Capital: Human capital boosts the productivity of physical capital as skillful and professional operatives can understand and function the machines or guidelines efficiently than untrained operatives. Human Capital encourages the advancement of new techniques for production and this results in the increase of economic development in the shape of an increase in GDP.

1. In which five year plan, India realised the importance of Human capital?

1. Sixth
2. Seventh
3. Eighth
4. Ninth

2. Human capital formation is very important especially for the nations which have ________ population.

1. Small
2. Very Small
3. Large
4. None of these

3. Human capital leads to an increase in ______________?

1. Quality of life
2. Standard of living
3. Both (a) and (b)
4. None of these

What is migration? What are its costs and benefits?

Why and how do firms give on-the-job-training to their workers?