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

• a.Human Resource Development

• b.Human capital Formation

• c. Physical Capital

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

• a.Both results into higher income generation through increasing the productivity

• b.Both are undertaken by the employers/producers

• c.Both physical capital & human capital mean the same

A large population can be converted into a productive asset by spending on their____________________

Why human capital is superior to other resources like land and physical capital?

• a. Land and capital cannot become useful on its own

• b. Human resource can make use of land and capital

• c. Human beings are the most supreme creation of the God

• d. Both (a) & (b)

Vicious cycle gets created when?

• a. Parents invest heavily on the education and health of their children

• b. Disadvantaged parents are not able to invest on the health and education of their children

• c. None of the above

Countries like Japan are developed/rich because

• a. They have adequate or surplus natural resources

• b. The governments of such countries are rich

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

Which one of the following is an Economic activity?

• a.A mother nursing a child

• b.Painting as a hobby

• c. A teacher teaching in school

_________________________activities does not contribute or add value to the GDP or National income of the country.

Production for self consumption is an example of ________

• a. Non-Market economic activity

• b. Non-Economic activity

• c. Economic Activity

Pottery can be classified in which of the following sector of economy:

• a. Primary sector

• b. Secondary sector

• c. Tertiary Sector