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People as a resource 1

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

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

a)

Land

b)

Money

c)

Technology

d)

Human Resource

2.

Education contributes towards

a)

Efficiency of government

b)

National Income

c)

Society

d)

All of above

3.

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

a)

Working Capital

b)

Human Capital

c)

Fixed Capital

d)

National Capital

4.

Educated parents educating their children forms a ___________ cycle.

a)

Healthy

b)

Virtuous

c)

Vicious

d)

Permanent

5.

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

a)

To send their children to the school

b)

To provide good food to their children

c)

To enroll their children in corporate schools

d)

To take care of the health and education of their children

6.

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

d)

Human and Physical Capital Formation

7.

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

a)

Both result in higher income generation through increase in productivity.

b)

Both are undertaken by the employers/producers.

c)

Both physical capital and human capital mean the same.

d)

Both result in lower productivity and hence national income too.

8.

How is a vicious cycle created?

a)

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

b)

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

c)

When parents invest heavily on physical capital.

d)

When disadvantaged parents educate themselves.

9.

Countries like Japan are developed/rich because

a)

a. They have adequate or surplus natural resources

b)

b. The governments of such countries are very wealthy.

c)

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

d)

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

10.

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.

a)

Green Revolution

b)

White Revolution

c)

IT Revolution

d)

Bio-Technology Revolution

11.

Investment in human capital is done through investment in ____________

a)

education, employment, medical care

b)

education, training, mental care

c)

education, medical care, training

d)

physical capital

12.

A large population can be converted into a productive asset by spending on their (a)  

13.

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

a)

Working Capital

b)

Human Capital

c)

Fixed Capital

d)

National Capital

14.

Educated parents educating their children forms a ___________ cycle.

a)

Healthy

b)

Virtuous

c)

Vicious

d)

Permanent

15.

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

a)

a. Land and capital cannot become useful on its own

b)

b. Human resource can make use of land and capital

c)

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

d)

d. Both (a) & (b)

16.

India’s rising population can be changed very easily into an asset through ____.

a)

Human resource development

b)

Medical resource development

c)

Education resource development

d)

Industrial training resource development

17.

Developed country

a)

South Korea

b)

India

c)

Japan

d)

Malaysia

18.

Which of the following sectors is related to agriculture, forestry and dairy?

a)

Tertiary Sector

b)

Primary Sector

c)

Secondary Sector

d)

Market Activity

19.

Tertiary sector provides service?

a)

Yes

b)

No

20.

Trade, transport and communication is an example of

a)

PRIMARY SECTOR

b)

Secondary Sector

c)

Tertiary Sector

d)

Non Economic sector