Human Capital Formation in India
A worksheet based on the chapter 'Human Capital Formation in India', focusing on sources of human capital, its distinction from physical capital, human development, and the education sector in India. Total marks: 40.
Section A: True or False
State whether the following statements are True or False, and provide a brief reason for your answer.
The human capital perspective considers education and health primarily as a means to increase labour productivity. True or False? Explain why.
Physical capital is intangible and cannot be sold in the market. True or False? Explain why.
Expenditure on migration is not considered a source of human capital formation. True or False? Explain why.
The Indian software industry is cited as an example of India's potential to become a knowledge-based economy. True or False? Explain why.
The human development perspective views investment in education as unproductive if it does not increase the output of goods and services. True or False? Explain why.
Section B: One Word Answers
Answer the following questions in one word or a short phrase.