Liberalisation, Privatisation And Globalisation — Economics STD 12 Humanities & Commerce — Question

The Education Commission in 1966, had recommended that at least 6% of GDP should be spent on education in India. However, even after 50 years of such a recommendation, the government continues to spend 3-4% of GDP on education. How has this affected the education sector in India? What value stands violated by the Central Government?

Deepak argues that in the era of privatisation, there is no need for government intervention in education and health sectors. However, his friend Raju argues that education and health care services create social benefits and therefore there is a need for government intervention in education and health sectors. Decide with reasons, who is right?

Write the importance of subsidies in relevance to Indian farmers.

Why were the public sector undertakings sold off to the private sector after 1991?

Is India going to be knowledge based economy in the near future?

What are the features of a capitalist economy?

Give the list of 'navaratna' companies.

Categories canals, houses, schools, railways, ships, hospitals, banks, development banks, aerodromes, courts, power plants, transmission lines and satellites into economic and social infrastructure.

Write any three measures to remove poverty.OR
Briefly explain three measures to remove poverty in India.

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