HUMAN CAPITAL FORMATION IN INDIA

CBSE Class 12 Indian Economic Development-English Medium / By /

Statement-Based Question

Subtopic 1: Meaning and Importance of Human Skills

Q1.

Consider the following statements about human skills:

  1. Human skills include knowledge, education, training and abilities possessed by people.
  2. Improvement in human skills can raise the productivity of labour.
  3. Human skills have no relationship with the productive capacity of an economy.

Which of the statements given above are correct?

A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3

Q2.

Consider the following statements:

  1. A skilled worker may perform a task more efficiently than an untrained worker.
  2. Education and training can contribute to the development of human skills.
  3. Human skills are useful only for earning higher wages and have no wider economic significance.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 1, 2 and 3
D. 2 and 3 only

Subtopic 2: Wider Benefits of Education

Q3.

Consider the following statements about education:

  1. Education can improve an individual’s ability to make informed decisions.
  2. Education may contribute to social and cultural changes.
  3. The benefits of education are restricted entirely to the individual’s private income.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Q4.

Consider the following statements:

  1. Educated individuals can contribute to the adoption of new technology.
  2. Education may increase a person’s ability to understand and respond to changing economic conditions.
  3. Education cannot influence innovation because innovation depends only on physical capital.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1, 2 and 3
D. 1 and 2 only

Subtopic 3: Human Resources

Q5.

Consider the following statements:

  1. People constitute an important resource for an economy because they possess productive abilities.
  2. Human resources can become more productive through education and training.
  3. The economic contribution of people remains fixed throughout their working lives.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2 and 3

Q6.

Consider the following statements:

  1. A population can contribute to economic development when its productive capabilities are developed.
  2. Investment in people can transform human resources into a more productive asset.
  3. Human resources refer only to people who are currently employed.

Which of the statements given above are correct?

A. 2 and 3 only
B. 1 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 4: Human Capital

Q7.

Consider the following statements about human capital:

  1. Human capital refers to the stock of skills and knowledge embodied in people.
  2. Education and health can contribute to the formation of human capital.
  3. Human capital is identical to machines and buildings used in production.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q8.

Consider the following statements:

  1. Human capital can raise the productivity of workers.
  2. Investment in human capital can generate benefits over a period of time.
  3. Once human capital is formed, further investment in it becomes economically irrelevant.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 5: Human Capital Formation

Q9.

Consider the following statements:

  1. Human capital formation involves investment that improves the productive capabilities of people.
  2. Education, health and training can contribute to human capital formation.
  3. Human capital formation is concerned only with increasing the number of workers.

Which of the statements given above are correct?

A. 1 and 2 only
B. 2 only
C. 1 and 3 only
D. 1, 2 and 3

Q10.

Consider the following statements:

  1. Human capital formation can improve the quality of labour.
  2. Investment in people can contribute to economic growth by improving productivity.
  3. Human capital formation has no connection with technological progress.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 6: Physical Capital and Human Capital

Q11.

Consider the following statements:

  1. Physical capital includes assets such as machines and equipment.
  2. Human capital is embodied in people in the form of knowledge and skills.
  3. Physical capital and human capital are completely independent of each other in production.

Which of the statements given above are correct?

A. 2 and 3 only
B. 1 only
C. 1 and 2 only
D. 1, 2 and 3

Q12.

Consider the following statements:

  1. A sophisticated machine may require skilled workers for its effective use.
  2. Investment in human capital can increase the productivity of physical capital.
  3. Physical capital alone always guarantees efficient production.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 7: Human Capital and Economic Growth

Q13.

Consider the following statements:

  1. Better-skilled workers can contribute to higher labour productivity.
  2. Human capital can support economic growth through improved productive efficiency.
  3. Economic growth depends exclusively on physical capital.

Which of the statements given above are correct?

A. 1, 2 and 3
B. 1 and 3 only
C. 2 and 3 only
D. 1 and 2 only

Q14.

Consider the following situation:

A country invests substantially in education and training, and its workers become better able to perform technologically advanced tasks.

Which statements correctly describe the likely economic significance?

  1. Labour productivity may increase.
  2. The productive capacity of the economy may improve.
  3. Such investment necessarily reduces the importance of technology.

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 8: Human Capital, Innovation and Technology

Q15.

Consider the following statements:

  1. Education can increase the ability of people to understand and use new technologies.
  2. Skilled people can contribute to innovation and technological improvement.
  3. Technological progress makes human skills completely unnecessary.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Q16.

Consider the following statements:

  1. Research and innovation require people with appropriate knowledge and skills.
  2. Human capital can facilitate the adoption of technological changes.
  3. Technology and human capital necessarily substitute for each other in every production process.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 9: Investment in Education

Q17.

Consider the following statements:

  1. Expenditure on education can be treated as investment when it improves future productive capabilities.
  2. Education can increase the earning potential of individuals.
  3. All expenditure on education produces only immediate consumption benefits.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Q18.

Consider the following statements:

  1. Education can improve the quality of labour supplied to the economy.
  2. Educational investment may generate benefits for both individuals and society.
  3. Educational investment has no long-term economic effects.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 10: Investment in Health

Q19.

Consider the following statements:

  1. Better health can improve the ability of people to work productively.
  2. Expenditure on health can contribute to human capital formation.
  3. Health has no effect on the productive efficiency of workers.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q20.

Consider the following statements:

  1. A healthy worker is generally better able to participate effectively in economic activities.
  2. Improved health can reduce productivity losses associated with illness.
  3. Investment in health contributes only to population growth and not to human capital.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 11: On-the-Job Training

Q21.

Consider the following statements:

  1. On-the-job training can improve the skills of workers while they are engaged in employment.
  2. Firms may incur costs while providing training to employees.
  3. On-the-job training has no relationship with worker productivity.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q22.

Consider the following statements:

  1. Training received at the workplace can make workers more efficient in performing specific tasks.
  2. A firm may invest in training because it expects future benefits from improved worker productivity.
  3. On-the-job training necessarily reduces the worker’s productive capacity.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 12: Migration

Q23.

Consider the following statements:

  1. Migration may involve costs for the individual, such as travel and adjustment costs.
  2. People may migrate when they expect better employment opportunities elsewhere.
  3. Migration can never be related to investment in human capital.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Q24.

Consider the following situation:

A skilled worker moves from one region to another because the new location offers better employment opportunities.

Which statements are consistent with the human-capital perspective?

  1. The worker may expect higher returns from existing skills.
  2. Migration can involve monetary and non-monetary costs.
  3. Migration automatically destroys all human capital possessed by the worker.

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 13: Information

Q25.

Consider the following statements:

  1. Information about employment opportunities can influence migration decisions.
  2. Information can help individuals make better choices about education and employment.
  3. Information has no economic value because it cannot affect decisions.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q26.

Consider the following statements:

  1. Individuals may spend resources obtaining information about job opportunities.
  2. Information can reduce uncertainty regarding possible economic choices.
  3. Access to information necessarily makes every economic decision correct.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 14: Meaning of Human Development

Q27.

Consider the following statements:

  1. Human development focuses on improving people’s well-being and capabilities.
  2. Income alone is sufficient to capture every aspect of human development.
  3. Education and health are important dimensions associated with human development.

Which of the statements given above are correct?

A. 1 and 3 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q28.

Consider the following statements:

  1. Human development has a broader focus than simply increasing production.
  2. Improvement in people’s capabilities is important to the concept of human development.
  3. Human development is concerned exclusively with the accumulation of machines.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 15: Human Capital versus Human Development

Q29.

Consider the following statements:

  1. Human capital emphasizes the productive capabilities embodied in people.
  2. Human development has a broader focus on people’s well-being and capabilities.
  3. The two concepts are completely unrelated.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q30.

Consider the following statements:

  1. An improvement in education can contribute both to human capital and human development.
  2. Human development cannot include dimensions beyond economic productivity.
  3. Human capital formation can be viewed as one important contributor to broader human development.

Which of the statements given above are correct?

A. 1 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 16: Education and Health as Human Rights

Q31.

Consider the following statements:

  1. Education and health have significance beyond their contribution to labour productivity.
  2. Access to education and health can be considered important for human well-being.
  3. The social importance of education and health disappears when they do not immediately increase income.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q32.

Consider the following statements:

  1. Treating education and health as important social concerns can justify public intervention.
  2. The benefits of education and health may extend beyond the individual receiving them.
  3. Education and health are economically irrelevant if a person is not employed.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 17: Human Capital Formation in India

Q33.

Consider the following statements:

  1. India has invested in education and health as part of its development process.
  2. Human capital formation is relevant to India’s economic development.
  3. Human capital formation depends only on private household expenditure.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q34.

Consider the following statements about human capital formation in India:

  1. Government expenditure has played an important role in developing educational facilities.
  2. Private individuals and institutions can also contribute to human capital formation.
  3. Public expenditure on education and health has no connection with economic development.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 18: Role of Government in Human Capital Formation

Q35.

Consider the following statements:

  1. The government can provide or finance education and health services.
  2. Government intervention may be necessary because some benefits of human capital extend to society.
  3. Government has no role when private institutions are present.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q36.

Consider the following statements:

  1. Public expenditure can help expand access to education and health.
  2. Government policies can influence the development of human capital.
  3. Government involvement automatically guarantees equal outcomes for every individual.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 19: Private and Social Benefits of Human Capital

Q37.

Consider the following statements:

  1. An educated individual may receive higher earnings as a private benefit.
  2. Society may benefit when education improves people’s ability to contribute productively.
  3. Human capital produces benefits only for the person receiving education.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q38.

Consider the following statements:

  1. Social benefits may arise when the benefits of human capital extend to other members of society.
  2. Private benefits are received directly by the individual making the investment.
  3. Private and social benefits of education are always exactly equal.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 20: Need for Government Intervention

Q39.

Consider the following statements:

  1. Positive externalities associated with education can provide a reason for government intervention.
  2. Some households may not be able to afford adequate investment in education and health.
  3. Government intervention is unnecessary because markets always provide equal access to human capital.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q40.

Consider the following statements:

  1. Government intervention can help address unequal access to education.
  2. Public provision can be important where social benefits are larger than the benefits received privately.
  3. Government intervention means that private institutions can never operate in education.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 21: Growth of Government Expenditure on Education

Q41.

Consider the following statements:

  1. Government expenditure on education has been an important part of India’s human capital development efforts.
  2. Changes in public expenditure can affect the resources available for educational development.
  3. An increase in expenditure automatically guarantees improvement in every educational outcome.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q42.

Consider the following statements:

  1. Government expenditure on education can support the expansion of educational facilities.
  2. Public spending may be directed towards different levels and aspects of education.
  3. Government expenditure is irrelevant to the availability of educational infrastructure.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 22: Education Expenditure as Percentage of Total Government Expenditure

Q43.

Consider the following statements:

  1. Education expenditure as a percentage of total government expenditure indicates the relative priority given to education within government spending.
  2. A percentage measure can be useful for comparing the relative allocation of government expenditure.
  3. The indicator directly measures the quality of education received by every student.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q44.

Consider the following statements:

  1. A change in the share of education expenditure can occur even if total education expenditure does not change, because total government expenditure may change.
  2. The percentage indicator describes allocation relative to total government expenditure.
  3. The indicator by itself provides complete information about educational outcomes.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 23: Education Expenditure as Percentage of GDP

Q45.

Consider the following statements:

  1. Education expenditure as a percentage of GDP relates education spending to the size of the economy.
  2. It can be used as an indicator of the economic resources devoted to education relative to GDP.
  3. It directly measures the learning level of every student.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q46.

Consider the following statements:

  1. A rise in GDP can affect the percentage of GDP devoted to education even if education expenditure remains unchanged.
  2. The indicator should be interpreted as a ratio rather than as an absolute amount.
  3. A higher percentage automatically proves that educational quality has improved.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 24: Educational Attainment in India

Q47.

Consider the following statements:

  1. Educational attainment refers to the level of education achieved by people.
  2. Educational attainment can be used to understand the educational characteristics of a population.
  3. Educational attainment and educational expenditure are exactly the same indicator.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q48.

Consider the following statements:

  1. Rising educational attainment can indicate improvement in the educational profile of a population.
  2. Literacy and years or levels of schooling can provide information about educational attainment.
  3. Educational attainment tells us nothing about the human capital of a population.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 25: Educational Indicators in India

Q49.

Consider the following statements:

  1. Educational indicators help assess different aspects of education.
  2. Literacy rate can provide information about educational conditions.
  3. A single educational indicator is sufficient to capture every aspect of the education system.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q50.

Consider the following statements:

  1. Educational indicators can help identify gaps in educational development.
  2. Different indicators may provide information about different dimensions of education.
  3. Indicators are useful only when they show improvement and have no use in identifying problems.

Which of the statements given above are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 26: Gender Differences in Education

Q51.

Consider the following statements:

  1. Differences in educational attainment between males and females can indicate gender inequality in education.
  2. Equal access to education can contribute to reducing gender disparities.
  3. Gender differences in education have no relevance to human capital formation.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q52.

Consider the following statements:

  1. Improving educational opportunities for girls can increase the human capital available in an economy.
  2. Gender equality in education can have wider social and economic benefits.
  3. Greater female participation in education necessarily reduces the human capital of males.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 27: Regional Differences in Educational Attainment

Q53.

Consider the following statements:

  1. Educational attainment may differ across regions within the same country.
  2. Regional differences can reflect differences in access to educational facilities and socio-economic conditions.
  3. Regional variation means that national-level educational indicators are completely useless.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q54.

Consider the following situation:

Two regions have different levels of educational attainment.

Which statements could help explain this difference?

  1. Differences in availability of educational institutions.
  2. Differences in socio-economic conditions.
  3. The assumption that all regions necessarily have identical educational opportunities.

A. 1 only
B. 2 and 3 only
C. 1 and 2 only
D. 1, 2 and 3

Subtopic 28: Education Infrastructure

Q55.

Consider the following statements:

  1. Schools, classrooms and other educational facilities form part of education infrastructure.
  2. Adequate infrastructure can support the delivery of education.
  3. Infrastructure is completely unrelated to access to education.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q56.

Consider the following statements:

  1. Shortage of educational infrastructure can constrain access to education.
  2. Improvement in infrastructure can support better learning conditions.
  3. Infrastructure alone guarantees that every educational objective will be achieved.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 29: Higher Education

Q57.

Consider the following statements:

  1. Higher education can develop specialized knowledge and skills.
  2. Higher education can contribute to the supply of skilled human resources.
  3. Higher education has no role in research or innovation.

Which of the statements given above are correct?

A. 1, 2 and 3
B. 1 only
C. 2 and 3 only
D. 1 and 2 only

Q58.

Consider the following statements:

  1. Universities and higher educational institutions can contribute to research and knowledge creation.
  2. Higher education can prepare people for specialized occupations.
  3. Expansion of higher education necessarily eliminates all forms of unemployment.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 30: Education Initiatives and Government Policies

Q59.

Consider the following statements:

  1. Government education policies can aim to increase access to schooling.
  2. Education initiatives can target issues such as literacy, enrolment and educational access.
  3. Government educational programmes have no connection with human capital formation.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q60.

Consider the following statements:

  1. Government programmes can be designed to address educational inequalities.
  2. Policy interventions can influence the availability and accessibility of educational opportunities.
  3. The existence of an education policy by itself proves that all educational problems have been solved.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 31: Education for All — Still a Distant Dream

Q61.

Consider the following statements:

  1. Universal access to education may remain difficult when social and economic barriers persist.
  2. Merely increasing the number of schools necessarily eliminates every barrier to education.
  3. Unequal access can prevent the objective of education for all from being fully achieved.

Which of the statements given above are correct?

A. 1 and 3 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q62.

Consider the following statements:

  1. Poverty can create difficulties in accessing and continuing education.
  2. Social disparities may contribute to unequal educational opportunities.
  3. The objective of education for all concerns only the number of educational institutions.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 32: School Dropouts and Loss of Human Capital

Q63.

Consider the following statements:

  1. School dropout can reduce the accumulation of education-related human capital.
  2. Dropping out before completing education may limit future opportunities.
  3. School dropout always increases the stock of human capital.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q64.

Consider the following situation:

A student leaves school before completing the intended level of education because of economic difficulties.

Which statements are appropriate?

  1. The individual’s potential accumulation of human capital may be reduced.
  2. The economy may lose some potential future productive capacity.
  3. The dropout necessarily improves the individual’s future employment opportunities.

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 33: Gender Equity in Education

Q65.

Consider the following statements:

  1. Gender equity in education seeks to address unequal educational opportunities based on gender.
  2. Greater educational access for girls can contribute to the expansion of human capital.
  3. Gender equity means providing identical outcomes to every individual regardless of circumstances.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q66.

Consider the following statements:

  1. Improving girls’ access to education can have economic as well as social implications.
  2. Gender disparities in education can represent an underutilisation of available human potential.
  3. Gender equity policies necessarily reduce the educational opportunities available to boys.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 34: Educated Unemployment

Q67.

Consider the following statements:

  1. Educated unemployment refers to unemployment among people who possess educational qualifications.
  2. It can arise when the skills or qualifications of job seekers do not match available employment opportunities.
  3. Education always guarantees immediate employment.

Which of the statements given above are correct?

A. 1 and 2 only
B. 1 only
C. 2 and 3 only
D. 1, 2 and 3

Q68.

Consider the following statements:

  1. Educated unemployment can indicate a mismatch between education and labour-market requirements.
  2. Expansion of education alone does not necessarily guarantee employment for every educated person.
  3. Educated unemployment proves that education has no economic value.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 35: Human Capital and the Knowledge Economy

Q69.

Consider the following statements:

  1. A knowledge-based economy places considerable importance on knowledge and skills.
  2. Human capital is important for activities involving information, innovation and advanced skills.
  3. Knowledge-based economic activity makes education and skills irrelevant.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Q70.

Consider the following statements:

  1. Skilled workers can support innovation and the use of advanced technologies in a knowledge economy.
  2. Investment in education can strengthen the human-capital base required for knowledge-intensive activities.
  3. Physical infrastructure alone is sufficient for developing a knowledge economy.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Subtopic 36: Importance of Human Capital Formation for India

Q71.

Consider the following statements:

  1. Human capital formation can increase the productive capabilities of India’s population.
  2. It can support technological progress and economic growth.
  3. Human capital formation is relevant only to high-income countries.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Q72.

Consider the following statements:

  1. Investment in education and health can contribute to India’s long-term development.
  2. Human capital formation can help India make more productive use of its large population.
  3. Human capital formation has no relevance to employment, productivity or innovation.

Which of the statements given above are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

FINAL ANSWER KEY

Q.Ans.Q.Ans.Q.Ans.Q.Ans.
1A19A37A55A
2B20B38B56B
3C21C39C57D
4D22D40C58B
5A23A41A59A
6C24C42B60B
7A25A43A61A
8C26A44B62B
9A27A45A63A
10B28C46B64B
11C29A47A65A
12C30B48B66B
13D31A49A67A
14A32C50C68B
15B33A51A69B
16A34B52B70B
17B35A53A71B
18C36C54C72B