Human Capital

Q.

What are the main problems of human capital formation in India?

Q.

What are the various ways in which MNCs set up, or control, production in other countries?

Q.

A problem which hampers human capital formation is:

1. developed technology

2. rising prices

3. devaluation of currency

4. rising population

Q.

The stock of 'skill and expertise' of a nation at a point of time is known as:

1. social infrastructure

2. physical capital

3. human capital

4. none of these

Q.

Economists say that if casualisation increases the earning of the people, then such phenomenon should be welcomed. Suppose a marginal farmer becomes a full-time agricultural labourer do you think he will be happy even if he earns more in his daily wage work? Or will a permanent and regular worker of the pharmaceutical industry be happy if he becomes a daily wage labourer, even if his overall earnings increase? Discuss.

Q. capital is the only type of capital that is intangible in nature.

1. Physical
2. Human
3. Natural
4. Manufactured

Q.

Write the three major sources of human capital in India.

Q.

Expansion of one industry facilitates the expansion of the other. How economic growth can become a dynamic process and a self-propelling activity of change?

Q. There are main factors of production.

1. 2
2. 3
3. 4
4. 6

Q. What is the aim of production? Explain the four factors of production.

Q.

An example of fixed capital is _____.

1. building

2. labour

3. money

4. raw materials

Q. Casual workers are those who work for others in farm or non-farm enterprises and are paid wages that are daily or periodic in nature.

1. True
2. False

Q. Fill in the blanks with appropriate alternatives given in the bracket.
_________ is regarded as primary factor of production.
[Land, Labour, Capital, Entrepreneur]

Q. Fill in the blanks with appropriate alternatives given in the bracket.
________ is a man-made factor of production.
[Land, Labour, Capital, Organiser]

Q. Explain in detail. Discuss the importance of social overheads in human resource development.

Q. What are the ideas underpinning 'soft', 'e-commitment', or 'high-road' HRM practices?

1. Labour needs to be treated as an asset to be invested in
2. Employees are a cost which should be minimized
3. A disregard for unlocking discretionary effort
4. A lack of mutuality existing between employer and employee

Q.

Write a critical review of the New Economic Policy.

Q. If more and more capital and labour are employed on a piece of land after a certain point, the output increases by _________.

1. less than proportionately
2. more than proportionately
3. proportionately
4. constantly

Q. Explain the central problem of "choice of technique".

Q. What are the disadvantages of socialistic economy?

1. No economic growth
2. Nonexistence of competition
3. All of the above
4. Inefficiency arises

Q. The mechanism or the system which determines the production of various goods and services in the economy is called __________.

1. productive mechanism
2. unproductive mechanism
3. progressive mechanism
4. selective mechanism

Q.

Human capital increases:

1. Labour Productivity

2. Labour in market

3. Trained labour

4. None of the above

Q. The problem which hampers the process of human capital formation is .

1. inflation
2. technology development
3. devaluation
4. rising population

Q.

Innovation leads to:

1. Growth

2. Production

3. All of the above

4. Development

Q. Fill in the blanks with appropriate alternatives given in the bracket.
__________ capital is only used once in production.
[Fixed, Specialised, Variable, Real]

Q. Assertion :In the Indian context, labour has not remained a mere economic activity. Reason: With the emergence of stratified division of labour, inequality starts in the society.

1. Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
2. Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion
3. Assertion is correct but Reason is incorrect
4. Both Assertion and Reason are incorrect

Q. The process of co-ordinating land, capital and labour for production is called _________________.

1. Organize
2. Entrepreneurship
3. Service
4. Coordination

Q. The modern view of the classification of the factors of production include land, ___________.

1. all the above
2. entrepreneurship
3. labour
4. capital

Q.

Human capital decreases labor productivity. State true or false.

1. True

2. False

Q. Which of the following is/are the merits of socialistic economy?

1. Social security and welfare
2. Rigid economy
3. Bureaucratic control
4. All of the above