TextBook Solutions for Uttarakhand Board Class 11 Economics Indian Economic Development Chapter 5 Human Capital Formation In India

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TextBook Solutions for Uttarakhand Board Class 11 Economics Indian Economic Development Chapter 5 Human Capital Formation In India

Question 1

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Define human capital.

Solution

Human capital may be defined as the stock of 'skill and expertise' of a nation at a point of time.

Question 2

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What is meant by human capital formation?

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Question 3

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Human capital formation is the process of adding to the stock of human capital over time.

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Question 4

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What do you mean by the term 'sources of human capital formation?'

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Question 5

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A professor earns a higher wage than a peon in the college. Why?

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Question 6

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What is human developments?

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Question 7

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What is 'on the job training'?

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Question 8

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Give the different forms of 'on the job training'.

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Question 9

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Why is expenditure regarding on-the-job training a source of human capital formation?