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

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

What does government expenditure on education reveal?

Why has the Government of India levied a 2% education cess on all union taxes?

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

Distinguish between Physical Capital Formation and Human Capital Formation.

How does education and training lead to technological improvement?

Explain the role of education in human capital formation.

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

India is going to be a knowledge based economy in the near future'. Discuss.