CH 8 HUMAN CAPITAL

Question 1

What is human capitL

Answer 1

Human capital refers to the stock of skill and expertise of a nation at a point of time

Question 2

Sources of Human capital formation

Answer 2

Expenditures of education 
Expenditure on health
On the job training
Migration 
Study programmers for adults

Question 3

Role of Human Capital Formation

Answer 3

Increase productivity of physical capital
Innovative skills
Higher rate of participation and equality

Question 4

Problems of Human capital formation

Answer 4

Rising population
Brain drain
Insufficient on the job training in primary sector
Low academic standards

Question 5

Growth of educational sector in India

Answer 5

Expansion of general education (nearly 500 percent growth)
Elementary education ( 2 lakh in 1950 to 12 lakh in 2015)
Secondary and senior secondary education (7000 in 1950 to 2.5 lakh in 2015)
Higher education (27 universities in 1950 to 800 in 2015)
Vocationalisation of secondary education (job while studying)
Adult and female education