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32, , , , , , CHAPTER - 5, , , , HUMAN CAPITAL FORMATION IN INDIA, , , , I. Choose the correct answer. (Each question carries one mark ), , 1) Who can work better in the following:, , [1] A sick person [2] An Unhealthy labourer, , [3] A person with sound health [4] None of the above, 2) What per cent GDP as estimated by the Tapas Majumdar Committee should spend for, education., [1] 4% [2] 6%, [3] 8% [4] 5%, 3) Education for all,, , [1] Still not a distant dream [2] Still a distant dream, , [3] Dream Only [4] None of the above, , II. Fill in the Blanks. (Each question carries one mark), 1) Investment on Education is considered as one of the main sources of, 2) Government of India has also started levying a 2 percent of, , taxes., 3) The revenues from education cess has been ear marked for spending on, , 4) The contribution of the educated person to economic growth is more than that of an, person., III. Match the following (Each question carries one mark), , 1) More contribution to National Income —__1] Global Growth Centres, 2] India and the Knowledge economy., , on all union, , 2) Deutsche Bank, , 3) World Bank 3] Literacy Rate, 4] A positive Development, , 5] Skilled Labourer, , 4) Educational Achievements, 5) Better Gender Equity

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33, , IV. Answer the following question in a word /sentence each. (Each question carries, one mark), 1) Expand NCERT., 2) State the reasons for migration., 3) Expand UGC., 4) Expand ICMR., , Vv. Answer the following question in four sentences each. (Each question carries, two marks), , 1) State the need of investment on human capital., , 2) Why individuals spend money on education?, , 3) What are the two major sources of human capital in a country?, 4) What are the indicators of educational achievement in a country?, 5) What factors contribute to human capital formation?, , 6) What are the various forms of health expenditures?, , VI. Answer the following question in twelve sentences each. (Each question carries, four marks), , 1) Education is considered to be an important input for the development of the nation., How?, , 2) How does investment in human capital contribute to growth?, 3) Bring out the need for on-the-job-training for a person., 4) Discuss the need for promoting women’s education in India., , VII. Answer the following question in twenty sentences each. (Each question carries, six marks), , 1) Discuss the following as a source of human capital formation., [1] Health Infrastructure [2] Expenditure on migration., 2) Examine the role of education in the economic development of a nation., , 3) Trace the relationship between human capital and economic growth., , KOK OK