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

Indian education system is considered faulty from the employment angle'. Do you agree? Explain.

Why there is a need to promote women's education in India?

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

Explain the meaning of human capital formation with the help of an example.

Read the passage given below and answer the following questions from 1 to 3.
The concept of human capital has relatively more importance in labour surplus countries. The surplus-labour in these countries is the human resource available in more abundance than the tangible capital resource. The problem of scarcity of tangible capital in the labour surplus countries can be resolved by accelerating the rate of human capital formation with both private and public investment in the education and health sectors of their national economies. The statistical indicator of estimating human development in each nation is Human Development Index (HDI). It is the combination of the “Life Expectancy Index”, “Education Index” and “Income Index”. Human capital is the backbone of human development and economic development in every nation.

1. In which countries concept of human capital is more important?

1. Labour surplus countries
2. Capital surplus countries
3. Both a) and b)
4. None of these

2. Which of the following statement is correct?

1. Human capital increase labour productivity, human development helps in making better choice in future.
2. Human capital helps in making a better choice in future, human development enhances labour productivity.
3. Human capital formation in end in itself, human development is a mean to an end that is increasing in labour productivity.
4. None of these

3. Which of the following is not the part of human development index?

1. Literacy
2. Liberty
3. Health
4. Income

Discuss the following as a source of human capital formation.
Health infrastructure.

‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.

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

What role can the government play in human capital formation in India?