Discuss the weaknesses of education sector in India.

With a view to discourage hoarding of cash and to solve the problem of black money, the Government of India initiated demonetisation of Indian economy by declaring that 500 and 1,000 notes are no longer legal tender. This situation created a cash crunch and parents were not able to pay school fees of their children.

Examine the role of education in the economic development of a nation.OR
'Education plays a significant role in economic development'. Discuss.

Bring out the differences between human capital and human development.

Read the passage given below and answer the following questions from 1 to 4.
The economic and social benefits of human capital formation and human development are well known. The union and state governments in India have been earmarking substantial financial outlays for the development of education and health sectors. The spread of education and health services across different sectors of society should be ensured so as to simultaneously attain economic growth and equity. India has a rich stock of scientific and technical manpower in the world. The need of the hour is to better it qualitatively and provide such conditions so that they are utilized in our own country.

1. For a improved health status of the country, family planning is quit essential. Which of the following is the main reason for family planning?

1. For birth control issues
2. For having unwanted pregnancies
3. For having child every year
4. To get pregnant before the age of twenty

2. What percentage of GDP is contributed towards health and educatoin sectors in India respectivley.

1. 1.8% and 4.6% respecively
2. 5.4% and 3.4% respectively
3. 7% and 7.4% respectively
4. 6% and 6.4% respectively

3. __ is not an indicator which measures the education status of the country?

1. year os schooling
2. Life expectancy
3. Teacher pupil ratio
4. Net attendance ratio

4. Health status of a country is relfected by indicators such as birth rate, death rate, infant mortality rate, maternal mortality rate, life expectancy etc. The given statement is?

1. True
2. False
3. Partially true
4. Can’t comment

Explain any four problems of human capital formation in India.OR
What are the main problems of human capital formation in India?OR
Indian Government has been taking steps for human capital formation, yet human capital formation is facing problems. Explain such problems of human capital formation.

"Over time, human capital has replaced physical capital as the most scarce resource and the main economic factor". What is the value of human capital in economic development?

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

Read the passage given below and answer the following questions from 1 to 4.
Human capital, intangible collective resources possessed by individuals and groups within a given population. these resources include all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively, the cumulative total of which represents a form of wealth available to nations and organizations to accomplish their goals. The concept of human capital stems from the economic model of human resource capitalism, which emphasizes the relationship between improved productivity or performance and the need for continuous and long-term investments in the development of human resources. Investments in human capital are viewed as affecting national and global economic performance or, more narrowly, where investments in people are viewed as crucial to organization performance. For an organization, this model suggests that high productivity and performance depend on developing learning systems that reflect the commitment of an organization to its human resources. As a result, ongoing investments in training, skill development, and job enrichment engender a reciprocal commitment among members to organizational goals and objectives.

1. The stock of skill and expertise of a nation at a point of time is called _Capital.

1. Real
2. Physical
3. Human
4. None of these

2. Which of the following is not a source of Human Capital Formation?

1. Education
2. Saving
3. Health
4. Information

3. _is based on the idea that education and health are integral to human well-being.

1. Economic Development
2. Human Development
3. Social Growth
4. None of these

3. __________ is/ are the reason for rural-urban migration in India.

1. Unemployment
2. Health facilities
3. Money
4. All of these

Read the passage given below and answer the following questions from 1 to 4. New Delhi: Prime Minister Narendra Modi on saturday launched the Aushman Bharat Scheme via video conferencing to extend health insurance coverage to all residents of Jammu and Kashmir. The Prime Minister’s offie said the scheme will ensure universal health coverage, and focus on providing financial risk protection and ensuring quality and affordable essential health services to all individuals and communities. Union Home Minister Amit Shah and the Union Territory’s Lieutenant Governor, Manoj Sinha, also spoke on the occassion. The scheme will provide free of cost insurance cover to all residents of the UT of Jammu and Kashmir, the PMO said, adding that it will extend financial cover of upto ₹ 5 lakhs per family on a floater basis to all residents of the UT. There is provision for operational extension of the ‘Pradhan Mantri Jan Arogya Yojana’ (PM – Jay) to approximately 15 lakh additional families, the PMO statement said, adding that the scheme will operate on insurance mode in convergence with PM-Jay. The benefits of the scheme will be portable across the country. The hospitals empanelled under the PM-Jay scheme provide services under this scheme as well, the PMO said.

1. What does the Ayushman Bharat Scheme provide?

1. Better health care facility
2. Cheaper health care facility
3. Health Insurance
4. All of the above

2. What is the main benefit of the scheme?

1. Bring a lot of people in the purview of health care.
2. Make health care affordable for the rich in India.
3. Alleviating poverty in India
4. Improving the education in India

3. The financial cover under the scheme is of _ per family?

1. ₹ 5 lakh
2. ₹ 15 lakh
3. ₹ 10 lakh
4. ₹ 20 lakh

4. __________ is the other name of the scheme.

1. PM – Jay
2. PM – JAI
3. PM – AJAY
4. None of the above