People As A Resource - Quiz 1

Which one of the following is considered important to create a 'virtuous cycle' by the parents?

• To send their children to the school

• To provide good food to their children

• To enroll their children in corporate schools

• To take care of the health and education of their children

_____________makes all other resources useful and puts them to productive use.

• Land

• Money

• Technology

• Human Resource

Education contributes towards

• Efficiency of government

• National Income

• Society

• All of above

When there is investment made in the form of education, training and medical care, the population becomes

• Working Capital

• Human Capital

• Fixed Capital

• National Capital

When the existing 'human resource' is further developed by becoming more educated and healthy, we call it ___________

• Human Resource Development

• Human Capital Formation

• Physical Capital

• Human and Physical Capital Formation

Investment in human capital (through education, training, medical care) is similar to investment in physical capital as_______

• Both result in higher income generation through increase in productivity.

• Both are undertaken by the employers/producers.

• Both physical capital and human capital mean the same.

• Both result in lower productivity and hence national income too.

How is a vicious cycle created?

• When parents invest heavily on the education and health of their children

• When disadvantaged parents are not able to invest on the health and education of their children

• When parents invest heavily on physical capital.

• When disadvantaged parents educate themselves.

Countries like Japan are developed/rich because

• a. They have adequate or surplus natural resources

• b. The governments of such countries are very wealthy.

• c. They have invested on people, especially in the field of education and health.

• They have invested in the import of raw materials and human resource.

It is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country.

• Gross Domestic Product

• Gross National Product

• Net National Product

• National Income

India's _____________________ is an excellent example of how the importance of human capital has come to acquire a higher position than that of material, plant and machinery.

• Green Revolution

• White Revolution

• IT Revolution

• Bio-Technology Revolution